Sherburn Engineering Limited

Sherburn Engineering Ltd, based in Leeds, UK, is a small, active company with a 40-year history. Founded in 1985, it employs nine people and holds £127,793 in assets. The company, with two directors and a single owner (a solo founder), maintains a real address and boasts a respectable 4.0 Google rating from twelve reviews. It’s a regular importer of aircraft, spacecraft, and their parts, with recent activity recorded just last month.

The company’s website highlights its role as a light aircraft service provider, approved by CAA PartCAO and BCAR. It offers a range of services, including maintenance, repairs, and inspections, catering to the light aircraft industry. The site also features a print sitemap and login/logout options, suggesting a more established, professional operation.

Financially, Sherburn Engineering Ltd shows some concerning trends. Current assets have fallen by a significant 36%, dropping to £130,000, while net assets have plummeted 66%, settling at just £39,000. Bank borrowings have increased substantially by 120%, reaching £29,000, and cash reserves have fallen by 10%, sitting at £11. Trade debtors have risen dramatically by 190%, which could indicate difficulties in collecting payments. While creditors have decreased, the overall picture suggests the company is burning through money. The company meets two of three conditions to be considered small, with turnover less than £10.2m, balance sheet total under £5.1m, and employees less than 50. No auditor is mentioned, meaning the figures are unaudited.

In conclusion, Sherburn Engineering Ltd appears to be facing financial headwinds, despite its long-standing reputation and positive customer reviews. Whether it can weather these challenges and maintain its position in the light aircraft service industry remains to be seen.

Registered in England/Wales under the registration number 01886939, with a registered address at LS25 6JE, England, Leeds, The Engineering Hangar New Lennerton Lane, Sherburn In Elmet.

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