Pasqal Uk Ltd

Pasqal Uk Ltd is a small, active company based in Guildford, UK, founded three years ago in September 2021. It employs six people and holds £416,213 in assets. The company operates from a virtual address, registered at an address shared by 49 other businesses, and is led by two directors, although no owners are officially listed. Pasqal Uk Ltd is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with its last import activity recorded one month ago in November 2023.

The company’s website paints a picture of a quantum computing firm at the forefront of technological innovation. Pasqal focuses on developing quantum computers and transforming scientific breakthroughs into business solutions. Their offerings span hardware, cloud services, and software, catering to industries like aerospace, defense, banking, and healthcare. The website highlights partnerships with major players like Thales, BMW Group, and Capgemini, showcasing a focus on collaboration and real-world applications. Pasqal’s roadmap details ambitious goals, including increasing qubit count and improving fidelity, demonstrating a commitment to continuous advancement.

Financially, Pasqal Uk Ltd’s recent performance presents a mixed picture. While current assets increased by 120% to £420,000, net assets plunged 820% to -£160,000, a significant drop. Bank borrowings increased by 180%, reaching £580,000, and cash reserves fell by 58% to £30,000. Trade debtors also increased by 130%, suggesting a potential reliance on customer payments. 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 large equity decline and rising debt could indicate a need for further investment or a shift in strategy. No auditor is mentioned, meaning the financials are unaudited.

It appears Pasqal Uk Ltd is burning through money, likely fueled by research and development costs associated with its cutting-edge quantum computing technology. While the company’s partnerships and ambitious roadmap suggest long-term potential, its current financial trajectory warrants close monitoring.

Registered in England/Wales under the registration number 13636512, with a registered address at GU1 4YD, United Kingdom, Guildford, Surrey, C/O Stevens & Bolton Llp Wey House, Farnham Road.

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