Sharman Avionics Limited

Sharman Avionics Ltd from Market Harborough UK: a small, active company founded 18 years ago, employs three people, and holds £1,477,043 in assets. It has a real address, is managed by three directors, and owned by one person. The company regularly imports optical and medical tools and devices (19 months of imports, latest in September 2024), but has only exported for six months (latest in July 2024).

The company operates in the repair and maintenance of other transport equipment, a niche sector requiring specialized skills. While a website isn't available, this suggests a business-to-business model focused on servicing existing aviation infrastructure rather than direct consumer sales. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Financially, Sharman Avionics Ltd presents a mixed picture. Cash reserves increased by a substantial 21%, reaching £990,000, which is a positive sign of financial health. However, corporation tax payable has increased dramatically by 210%, reaching £78,000, which could indicate increased profitability or a change in tax regulations. Trade debtors have also risen by 43%, suggesting a possible delay in customer payments. Despite this, creditors decreased by 15%, indicating better debt management. The company's assets are relatively stable, with a slight increase in current assets to £1,500,000. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The company's growth in cash reserves suggests a period of stability and perhaps even increased business activity. However, the rise in corporation tax and trade debtors warrants closer monitoring. The company's small size and specialized service offering likely contribute to its agility, but the management of working capital will be crucial for sustained success.

Registered in England/Wales under the registration number 06227322, with a registered address at LE16 7JG, Market Harborough, Leics, 118 Burnmill Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.