Black Space Technology Limited

Black Space Technology Ltd from Birmingham, UK, is a small, active company founded seven years ago. It’s a solo founder operation with one director and one employee, holding £101,068 in assets and operating from a real address. The company regularly imports optical and medical tools and devices, with recent activity in March 2024. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company specializes in scalable and futureproofed mobile telemedicine and telehealth solutions. Its website highlights several products: RapidEPR (a telemedicine electronic patient record system), RapidMCI (an incident ground control system), RapidSAM (a wearable monitoring platform), RapidACE (a casualty evacuation system), and RapidAR (an augmented reality platform). These products cater to military and civilian customers, both domestically and internationally, and are used in various settings, including land, sea, and air operations. It’s quite a range of products, really.

Financially, Black Space Technology Ltd has seen some interesting trends. Accumulated amortisation impairment for intangible assets has grown by a significant 130%, while depreciation for computer equipment increased by 42%. Cash reserves have plummeted by a massive 100%, leaving just £140 remaining, which is a bit concerning. Creditors have also surged by 530%, reaching £50,000, and debtors have doubled to £100,000. Equity, however, has remained stable at £160,000. The company’s fixed assets have also increased by 69%. It seems like the business is investing in its infrastructure, but managing its cash flow is a challenge. There's no mention of an auditor, likely due to its small size.

Overall, Black Space Technology Ltd appears to be a growing business with a complex product portfolio, but it’s facing some cash flow pressures. Whether this is a temporary setback or a longer-term issue remains to be seen.

Registered in England/Wales under the registration number 11211307, with a registered address at B1 2JB, England, Birmingham, West Midlands, 10x Spacemade 10 Brindley Place.

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