Southern Airframe Services Ltd

Southern Airframe Services Ltd, based in Malmesbury, UK, is a small, active company founded thirteen years ago. With nine employees and £51,291 in assets, it operates from a real address and is overseen by two directors and owners. The company regularly imports and exports aircraft, spacecraft, and their parts – importing for nine months and exporting for four.

The company’s website reveals a more detailed picture. Southern Airframe Services Ltd is a UK-based maintenance and repair organisation near Kemble Airfield, Wiltshire, with 25 years of experience. It's a Part 145 certified company holding both CAA and EASA approvals, and is soon to gain FAA approval. The company specializes in full reconditioning services for aircraft parts, offering a range of services from tackling complex projects to providing superior workmanship and adhering to stringent regulations. The website highlights a commitment to quality, safety, and regulatory compliance.

Financially, Southern Airframe Services Ltd shows a mixed bag. Current assets have fallen significantly by 86%, dropping to £51,000, while net assets have plummeted 500%, landing at -£61,000. Bank borrowings have also decreased, and cash reserves have fallen by 84%, leaving just £14,000. On the positive side, trade debtors have decreased, suggesting improved collection efforts. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible. With no auditor mentioned, the figures are unaudited.

The decline in equity is a cause for concern, potentially indicating increased expenses or reduced profitability. However, the company's focus on specialized maintenance and repair services, combined with its certifications and approvals, suggests a potential for future growth and stability.

Registered in England/Wales under the registration number 07616725, with a registered address at SN16 9EZ, England, Malmesbury, Wiltshire, Unit C, Manor Farms Chedglow, Crudwell.

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