Wing On Limited

Wing On Limited is a small, active company based in Manchester, UK, founded two years ago in 2022. With £385,179 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner, Huang Qiqian. The business operates in the manufacture of other food products, though its website details a broader range of training and consultancy services related to aircraft airworthiness. It employs sixteen people.

The website, Wing Engineering Limited, highlights a comprehensive suite of professional development programs, consultancy services, and management solutions for the aviation industry. These services cover aircraft maintenance, continuing airworthiness management, regulatory compliance, and more. The company also offers online training, webinars, and in-company classroom training. The site emphasizes its expertise and commitment to providing practical solutions for clients in the aerospace sector. It’s clear the company is targeting a niche market, providing specialized services to a demanding industry.

Financially, Wing On Limited presents a mixed picture. While current assets remain steady at £390,000, net assets have declined to just £76,000—a notable drop. Bank borrowings are significant at £1,200,000, and cash reserves are a modest £87,000. Creditors have also increased to £1,200,000. The company meets two of three conditions to be considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, so the accounts are unaudited.

The company’s focus on specialized aviation services suggests a high-value, albeit potentially volatile, revenue stream. The increase in creditors and the decline in net assets indicate a need to manage cash flow and potentially explore financing options. Whether the company can sustain its growth trajectory while navigating these financial challenges remains to be seen, but its expertise in the aircraft airworthiness sector provides a solid foundation for future success.

Registered in England/Wales under the registration number 14455606, with a registered address at M19 1NR, England, Manchester, Ckw Chartered Certified Accountants, 469 Kingsway.

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