Perceptual Robotics Limited

Perceptual Robotics Ltd from Bristol UK: a small company with an active status, was founded eight years ago in 2016. It employs 26 people and holds £636,318 in assets. With seven directors and a real address, the company operates without any listed owners, which is a little unusual. It regularly imports electrical machinery and equipment (four months of imports) and exports optical and medical tools and devices (nine months of exports).

The company’s core business, as detailed on its website, revolves around revolutionizing wind turbine inspections using advanced drone technology and AI. It offers both in-house technology solutions and inspection services, targeting owners, operators, original equipment manufacturers, independent service providers, and drone companies. The website highlights the benefits of its approach: reduced operational and maintenance costs, minimized turbine downtime, improved data quality, and enhanced safety. It even has a data ingestion and AIDriven data processing service.

Financially, Perceptual Robotics Ltd shows some concerning trends. While revenue seems stable, the company's net assets have declined significantly, dropping 39% to £2.1 million. Bank borrowings have increased substantially, jumping 83% to £310,000, and cash reserves have fallen 83% to £310,000. Creditors, however, have increased 74% to £210,000, suggesting a need for more working capital. The company’s small size—meeting two of three criteria for a small business—allows for flexibility, but the sharp decrease in equity is a red flag. The company’s auditor is Corrigan Accountants Limited.

The company’s focus on the growing wind energy sector and its innovative use of drone technology are positives. However, the financial pressures suggest that Perceptual Robotics Ltd is burning through cash, and it’s important to see if the company can maintain its growth trajectory.

Registered in England/Wales under the registration number 10237436, with a registered address at BS34 8RB, England, Bristol, Future Space, Filton Road.

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