Craft Prospect Ltd

Craft Prospect Ltd, based in Glasgow, UK, is a small, active company founded eight years ago in 2017. Employing 26 people and boasting £2,002,174 in assets, it operates from a virtual address shared by 571 other companies – a bit unusual, really. The company is led by five directors and has one owner, a solo founder.

The company’s core business revolves around space technology. Its website highlights a focus on smart, secure space solutions, designing and implementing new technologies to improve everyday life. They specialize in small satellite missions, offering services like constellation design, mission design, and systems engineering. Products include smart sensors for Earth observation and space situational awareness, an AI toolbox for onboard product creation, and quantum key distribution payloads. They have a partnership with KP Labs.

Craft Prospect Ltd is a regular importer of optical and medical tools and devices, with six months of import activity recorded, the last in January 2025. They are also irregular exporters, with two months of export activity, the last in October 2023, also involving optical and medical tools and devices. They seem to be a small company, meeting two of three conditions for small business status: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, the company shows some interesting trends. Cash bank on hand decreased by 4.1% to £1,100,000, while current assets increased by 19% to £2,000,000. However, retained earnings accumulated losses decreased by 54%, and bank borrowings decreased by 43%. Creditors increased significantly by 69%, and trade debtors also rose by 70%. It’s a little concerning, really. There’s no auditor mentioned, which is likely due to the company's small size and exemption from audit. The company’s financial statements are unaudited.

Overall, Craft Prospect Ltd seems to be navigating a complex market, balancing import and export activities with a focus on cutting-edge space technology. While the financial picture isn't entirely clear, the company's innovative approach and partnerships suggest potential for future growth – although, the increase in creditors is something to keep an eye on.

Registered in Scotland under the registration number SC557385, with a registered address at G1 3NQ, Scotland, Glasgow, 6th Floor Gordon Chambers, 90 Mitchell Street.

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