Skycraft Limited

Skycraft Ltd, based in Spalding, UK, is a small, active company established 34 years ago. Employing just four people, it holds assets valued at £135,570 and operates from a real address, managed by three directors and one owner. The company regularly imports aircraft, spacecraft, and their parts – a consistent activity over the last 12 months – and exports these items, though less frequently, with three months of export activity recorded.

The company's website highlights a specialist engineering business, Skycraft Propeller, with a 30-year history. It focuses on propulsion systems, primarily for aircraft and hovercraft, and offers services like piano restoration and disaster recovery. The business operates from Cambridgeshire and even has a showroom in Harrods, London, emphasizing museum-grade restorations and self-play system integrations. It’s a business that seems to pride itself on British craftsmanship and family ownership.

Looking at the financials, Skycraft Ltd has seen some shifts. Current assets have decreased by 17% to £140,000, and net assets have plummeted 300% to -£110,000 – a significant downturn. Bank borrowings have increased, and cash reserves have fallen 50% to £41,000. Creditors have also increased, suggesting a need for better debt management. As a small company (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it benefits from agility, but the substantial equity decline warrants attention. No auditor is mentioned, likely due to its small size, so the financial data is unaudited.

Overall, Skycraft Ltd appears to be facing some financial headwinds, though its specialized engineering arm, Skycraft Propeller, seems to be thriving. Whether the two can sustain each other remains to be seen.

Registered in England/Wales under the registration number 02523336, with a registered address at PE12 8SP, England, Spalding, Riverside House, Bloodfold Farm Ravens Bank, Holbeach.

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