Skytec Aviation Ltd.

Skytec Aviation Ltd, based in East Kilbride, UK, is a small, active company established 31 years ago. With six employees and £387,410 in assets, it's a modest operation run by two directors and a single owner. The company maintains a real address and has been around since November 26, 1993. It's considered a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. Skytec Aviation operates as an irregular importer and exporter, dealing in machinery, boilers, and mechanical appliances, with import activity spanning one month and export activity spanning two months.

The company’s website highlights its specialization in the repair and overhaul of gas turbine engines, specifically for Siemens SGTA20 and Rolls-Royce Industrial Avon ancillary accessories. It caters to leading global engine overhaul providers, offering services like repairs, inspections, testing, and spare parts supplies. A key aspect of their business is consultancy, assisting with troubleshooting issues and providing both remote and onsite support. The website also mentions a separate venture, 1066 Pianos, a high-end piano restoration business, though the connection between the two isn't explicitly stated.

Financially, Skytec Aviation Ltd shows some concerning trends. While cash reserves increased slightly to £260,000, current assets decreased by 3.4% to £390,000. Debtors have fallen significantly by 22%, which could be good, but also suggests a slowdown in sales. Dividends paid increased dramatically to £95,000, which is a large amount for a small company. Bank borrowings have also increased, and creditors have decreased. The company's small size allows for flexibility, but the decline in equity and the large dividend payout raise questions about its long-term financial health. As a small company, it is exempt from an audit, so the figures are unaudited. The directors list was changed four months ago, which is a good sign.

Registered in Scotland under the registration number SC147731, with a registered address at G75 0YG, East Kilbride, 23 Langlands Avenue, South Kelvin Business Park.

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