Prospecta Technologies Ltd

Prospecta Technologies Ltd is a small, active company based in Ilford, UK, founded 12 years ago in 2012. With £33,674 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner, Kolluru Sowjanya. The business operates in the retail sale via mail order houses or via internet, and also provides information technology consultancy activities. It’s a tight-knit operation, with only one director and owner reported.

The company's website is minimal, offering little insight into its current operations. There's no visible e-commerce presence, suggesting a focus on B2B consultancy or potentially a more behind-the-scenes role within the technology sector. It’s difficult to tell what they are doing exactly, but it’s not a traditional online store.

Financially, Prospecta Technologies Ltd is showing some concerning trends. Net assets have plummeted to -£970, a significant drop from the previous year. Cash reserves have increased substantially to £8,500, which is good, but bank borrowings have also decreased to £36,000. Trade debtors have fallen considerably, suggesting better payment collection, but creditors have also decreased to just £1, which is a bit unusual. The company meets two of three conditions to be considered small: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

Overall, Prospecta Technologies Ltd is facing financial pressures. The sharp decline in equity raises questions about the company's long-term viability, but the increased cash reserves offer a bit of breathing room. Whether the company can turn things around remains to be seen—but for now, it’s a small business navigating a challenging economic landscape.

Registered in England/Wales under the registration number 08140341, with a registered address at IG6 3FD, England, Ilford, 28 Reservoir Way, Hainault.

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