Virtue Aerospace Limited

Virtue Aerospace Ltd from Horndean UK is a small, holding company with an active status, established 45 years ago. Employing 40 people, the company holds assets valued at £5,762,616 and operates from a real address. With two directors and two owners, it functions as an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances – parts, with the last import operation occurring in January 2021. The company operates in the machining, specialised design activities, and technical testing and analysis industries.

The company’s website is currently experiencing technical difficulties and is inaccessible. This suggests a lack of investment in online presence, which could impact its ability to reach new customers.

Financially, Virtue Aerospace Ltd shows a mixed picture. While net assets increased by 16% to £5.4 million, current assets decreased by 4.2% to £5.8 million. Bank borrowings were significantly reduced, dropping 45% to £1.3 million, and cash reserves fell by 32% to £320,000. Creditors, however, increased by 34%, reaching £3.6 million. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in creditors raises questions about short-term financial pressure. The company’s financial statements were audited by JWR Audit Limited. Despite the decline in cash, the increase in net assets suggests the company may be reinvesting profits back into the business, or perhaps there has been a revaluation of assets.

Registered in England/Wales under the registration number 01484947, with a registered address at PO8 9LP, England, Horndean, Hants, Unit 3b Wessex Gate, Portsmouth Road.

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