Learning Space Belfast Ltd

Learning Space Belfast Ltd is a small, active company based in Cookstown, Northern Ireland, founded eight years ago in 2016. With eleven employees and £599,181 in assets, it operates from a real address and is managed by two directors and a solo founder. The company runs an e-commerce site specializing in sensory equipment, toys, and educational resources. It’s an irregular importer, with its top import category being Toys, games, and sports equipment, totaling 2 months of imports.

The company's website showcases a wide range of products catering to education and sensory needs. It’s clear they’re focused on providing resources for early years, primary schools, and even teenagers and adults. They offer everything from sensory rooms and soft play equipment to educational games and reward charts, with a strong emphasis on inclusive design and supporting children with special educational needs. The site also highlights a focus on sustainability, with a section dedicated to eco-friendly products.

Financially, Learning Space Belfast Ltd’s recent performance paints a mixed picture. Cash reserves dropped significantly by 92% to just £3,900, while bank borrowings increased dramatically by 2,400%, reaching £24,000. Creditors decreased by 75%, which is a positive sign, but the increase in borrowings and the sharp decline in cash suggest the company is burning through money. Net assets also took a hit, falling 13% to £320,000. Despite meeting two of three criteria for a small company (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), the increase in liabilities is concerning. The company’s average number of employees increased by 18% to thirteen, which could be a result of increased demand or expansion plans. With no auditor mentioned, the financial statements are unaudited.

It's clear Learning Space Belfast Ltd is navigating a period of financial strain, despite its strong online presence and focus on a niche market. Whether the company can sustain its growth and manage its liabilities remains to be seen.

Registered in Northern Ireland under the registration number NI640617, with a registered address at BT80 9HU, Northern Ireland, Cookstown, Learning Space The Meteor Building, 7 Corchoney Rd.

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