European Spaceflight Ltd

European Spaceflight Ltd is a small, active company based in Poole, UK, founded two years ago in 2022. It's a solo venture, run by a single director and owner, with just one employee and £4,300 in assets. The company operates from a virtual address, registered alongside 1373 other businesses—a bit odd, really. It’s involved in retail sales via mail order and the internet.

The company’s website, while minimal, suggests a focus on space-related merchandise or services, although details are scarce. It's hard to tell exactly what they do, but the name implies a connection to the space industry. The site doesn't offer much insight into the business model or target market.

Financially, European Spaceflight Ltd is showing some concerning trends. Cash reserves have fallen by 30%, dropping to just £4,300. Net assets have also declined by 30%, settling at £4,300. Trade debtors are at zero, which could be good or bad—it might mean they’re not extending credit, or it could indicate payment issues. Bank borrowings are also at zero. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps keep overhead low, but the declining equity raises questions. As a small company, it's exempt from an audit, so the figures are unaudited.

Overall, European Spaceflight Ltd appears to be a fledgling business facing financial pressures. The lack of detail on their website and the declining financial metrics suggest a company still searching for its footing—or perhaps a startup burning through cash. It's hard to say for sure, but it’s a situation worth watching.

Registered in England/Wales under the registration number 14287328, with a registered address at BH16 6FA, England, Poole, Unit 13 Freeland Park Wareham Road, Lytchett Matravers.

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