Lotus Aerospace Ltd

Lotus Aerospace Ltd is a small, active company based in Hounslow, UK, founded nine years ago in 2016. With a single employee and £10,456 in assets, it's a solo founder operation led by director and owner, Patel Niraj. The company operates from a real address and has one director.

Lotus Aerospace focuses on delivering “the future of flight and aerospace innovations.” Its website details a range of services, including managed systems integration, applied data science, and consulting, all geared towards advanced air mobility and aerospace technology. They work with partners to launch codes for real-time mission critical deployment and offer services like optimising zero carbon flight paths and innovating autonomous ground operations. They also have a blog to keep people abreast of corporate and technical developments.

Financially, Lotus Aerospace Ltd is showing some concerning trends. While cash bank on hand increased by 27%, current assets dropped by 30% to £10,000. Equity plummeted 130% to -£2,500, and net assets liabilities also decreased by 130% to -£2,500. Creditors increased significantly by 160%, and taxation social security payable rose 60%. Trade debtors completely disappeared, going from £8,200 to zero. The company meets two of three conditions to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the accounts are unaudited and rely on director-reported data.

These numbers suggest Lotus Aerospace Ltd is facing financial pressures, perhaps burning through cash to invest in its technology and services. The sharp decline in equity is particularly noteworthy, and it’s possible the company is relying on increased borrowing to stay afloat. It’s a small company, and it’s difficult to say what the future holds.

Registered in England/Wales under the registration number 10123418, with a registered address at TW3 3SU, United Kingdom, Hounslow, Middlesex, 73 Victoria Avenue.

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