Extend Robotics Limited

Extend Robotics Limited, based in London, UK, is a small, active company founded five years ago. With four employees and £93,814 in assets, it operates from a virtual address, managed by three directors and a single owner. The company regularly imports optical and medical tools and devices (for six months) and exports electrical machinery and equipment (for three months). Its core business revolves around robotic teleoperation, automation, fleet management, and data management, targeting industries like nuclear, manufacturing, space, agriculture, healthcare, and offshore energy.

The company’s website highlights its capabilities: VR teleoperation for remote work, AI automation for manpower multiplication, fleet management with immersive VR interfaces, and data management solutions. It emphasizes cost-effective tools adaptable to diverse contexts and showcases partnerships with companies like UR. Extend Robotics aims to "extend human capabilities beyond physical presence," offering solutions for industries seeking to improve efficiency and safety.

Financially, Extend Robotics Limited is showing some concerning trends. While average employee numbers have increased significantly, jumping 180% to 11, cash reserves have plummeted 90% to a mere £20,000. Current assets have also taken a hit, decreasing by 64% to £94,000. Creditors have ballooned by 250%, reaching £110,000, and taxation social security payable has increased by a staggering 600%. On the positive side, deferred income has been reported for the first time, at £8,800. 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 it remain nimble, but the sharp decline in equity—now at -£380,000—suggests it’s burning through cash. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited director-reported data.

It’s clear that Extend Robotics is experiencing growing pains as it scales its operations. The increased employee count suggests expansion, but the financial data indicates a need to carefully manage expenses and secure additional funding to avoid a cash crunch.

Registered in England/Wales under the registration number 12171849, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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