Celestial Labs Ltd

Celestial Fusing Technology with Soul Live Drone Show, based in Bath, UK, is a small, active company founded five years ago in 2020. With 22 employees and £476,046 in assets, it operates from a real address and is managed by two directors and one owner. Google reviews are quite positive, with a rating of 4.0 from six reviews. The company specializes in drone light show technology, as evidenced by its website, which showcases impressive performances and positions itself as a global leader in the entertainment industry. It also seems to have a connection to artistic creation, as indicated by its import history.

The website itself is quite interesting, featuring a mix of English and Polish content, suggesting a focus on the Polish market. It highlights the growing popularity of mobile gaming and online gambling in Poland, emphasizing the importance of responsive platforms and a wide range of games. It also mentions partnerships with well-known software providers like NetEnt and Microgaming. There's a lot of information about drone light shows, but also a surprising amount about online casinos.

Financially, Celestial Labs Ltd presents a mixed picture. While current assets increased slightly to £480,000, net assets plunged by a staggering 220% to -£950,000. This significant decline in equity is concerning, and it's accompanied by a 100% increase in net current liabilities, reaching -£690,000. Creditors have also risen dramatically, increasing by 370% to £1.3 million within the last year. Bank borrowings have increased, too, reaching £740,000. On a positive note, trade debtors have increased by 11%, suggesting improved collection efforts. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp equity drop warrants closer examination. No auditor is mentioned, which is likely due to the company’s exemption as a small entity.

The company’s irregular import activity—specifically aircraft, spacecraft, and their parts—is a curious detail, especially given its focus on drone technology. It's unclear how these imports relate to its core business, but it suggests a broader supply chain or potential diversification efforts. The company is clearly burning through cash, and the dramatic increase in liabilities raises questions about its long-term sustainability. Despite the challenges, the positive Google reviews and the innovative nature of its drone light show business suggest a company with potential, but it needs to address its financial pressures quickly.

Registered in England/Wales under the registration number 12391157, with a registered address at BA2 7NG, England, Bath, Unit 38 Farleigh Road, Norton St. Philip.

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