Uk Parachute Services Limited

Uk Parachute Services Limited, based in Beccles, UK, is a small, active company founded 40 years ago in 1984. With four employees and £621,283 in assets, it’s a well-established operation. The company boasts a stellar 5.0 Google rating from 590 reviews, a testament to its reputation. It has three directors and two owners, with Richards Grant and Thompson Jason listed as owners. The business operates in the non-scheduled passenger air transport industries and is a regular importer, specializing in optical and medical tools and devices, with five months of import activity recorded.

The company’s core business revolves around skydiving and parachute-related services, as evidenced by its website and associated activities. It operates a skydiving centre and provides equipment rental, lessons, and tandem jumps. The website showcases a range of services catering to both experienced skydivers and first-time jumpers. It's a family-run business, and it's clear they're passionate about the sport.

Financially, Uk Parachute Services Limited presents a mixed picture. While current assets increased by 19% to £620,000, net assets declined by 17% to £2,000,000. Bank borrowings surged by 2,400% to £29,000, and cash reserves fell 30% to £28,000. Creditors decreased by 18%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s financial data suggests a period of transition. While revenue appears to be growing, increased borrowing and a decline in cash reserves indicate potential cash flow challenges. It's likely they are reinvesting in the business, but careful monitoring of these trends will be crucial for long-term sustainability.

Registered in England/Wales under the registration number 01867716, with a registered address at NR34 7TE, Beccles, Suffolk, Beccles Airfield, Ellough.

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