Company Number: 13888015

Analysis Date: 2025-07-20 16:38 UTC

1. Credit Opinion: APPROVE. SK Aerotech Ltd is a micro-entity, active since 2022, operating in the niche sector of aircraft and spacecraft repair and maintenance. The financial data shows a positive net asset position with modest but stable growth over two years. The director, who is also the PSC, appears to maintain sound control and oversight. The absence of overdue filings and the maintained positive net current assets indicate satisfactory compliance and liquidity. Given its small size and early stage, credit exposure should be limited and monitored, but current indicators support creditworthiness.

2. Financial Strength: The company’s net assets increased from £7,833 in 2023 to £8,909 in 2024, reflecting a steady albeit small growth. Fixed assets grew from £597 to £2,302, suggesting some investment in operational capability. Current liabilities are minimal and have decreased from £2,249 to £1,617, while net current assets remain positive at £6,607, indicating adequate short-term financial health. The balance sheet is clean, with no long-term debt reported, consistent with a low-risk profile for credit.

3. Cash Flow Assessment: Current assets have slightly decreased from £9,485 to £8,224, but with current liabilities well covered, the company maintains a positive working capital position. Although cash flow details are not provided, the net current assets and absence of overdue payments imply sufficient liquidity. The company does not appear to have employees, reducing payroll burden but possibly limiting operational scale. Monitoring cash flow statements directly would provide more clarity, but on available data, liquidity appears manageable.

4. Monitoring Points:

• Turnover and profitability trends as the company matures beyond the micro category.
• Cash flow generation and ability to service any new credit facilities.
• Impact of fixed asset investments on operational capacity and returns.
• Any changes in director or PSC status that might affect governance.
• Sector-specific risks in aerospace repair, including demand fluctuations or regulatory changes.