Exobotics Ltd

Exobotics Ltd is a small, active company based in London, UK, founded six years ago in December 2018. With five employees and £255,485 in assets, it operates from a virtual address, a common characteristic of smaller businesses. The company is led by one director and has two owners, with a solo founder at its core. It regularly imports electrical machinery and equipment, with 16 months of import activity recorded, and has dabbled in exporting aircraft, spacecraft, and their parts, though only for one month as of November 2022.

The company’s website, exobotics.space, focuses on “small spacecraft hardware enabling value beyond Earth orbit,” suggesting a niche focus on space technology. It highlights a vision and mission, and offers products and services, but lacks detailed information about its specific offerings. The site’s simple design and "Hours" section indicate a small-scale operation, likely focused on B2B rather than direct consumer sales.

Financially, Exobotics Ltd presents a mixed picture. Current assets have decreased by 45%, falling to £260,000, while net assets have plummeted 59%, settling at £100,000. Bank overdrafts remain steady at £93,000, and cash reserves have shrunk by 42%, down to £250,000. Debtors have drastically reduced by 82%, suggesting improved collection efforts, but creditors have also decreased by 28%, which is a positive sign. 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 significant drop in equity raises concerns. As a small company, it’s exempt from an audit, and the accounts are unaudited.

Overall, Exobotics Ltd appears to be facing financial headwinds. The decrease in assets and equity, coupled with reduced cash reserves, suggests the company is burning through money. While improved debt management is evident, the lack of profitability is a cause for concern. The company’s focus on space technology and its small size may offer opportunities for growth, but it will need to address its financial challenges to ensure long-term sustainability.

Registered in England/Wales under the registration number 11709413, with a registered address at EC1V 2NX, United Kingdom, London, 128 City Road.

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