Ross Robotics Limited

Ross Robotics Ltd, based in Reading, UK, is a small, active company founded nine years ago in 2015. With eleven employees and £394,547 in assets, it operates from a real address and is overseen by three directors and one owner. The company regularly imports electrical machinery and equipment, with nineteen months of import activity recorded, and occasionally exports optical and medical tools and devices, with one month of export activity.

Ross Robotics specializes in autonomous inspection and data insights for high-voltage critical infrastructure, particularly HVDC systems. Its EXTRM robotic platform provides 24/7 autonomous inspection, even within live operational valve halls, boasting EMF immunity and AI-assisted data analysis. The company caters to renewable energy infrastructure, offering solutions for switching stations, substations, and other harsh environments. It provides services including outright platform sales, annual support programs, deployment assistance, operator training, and data integration.

Financially, Ross Robotics shows some interesting trends. Development costs capitalised have increased significantly, jumping 41% to £1.2 million, while amortisation of these costs has remained stable. Property, plant, and equipment gross costs have also risen substantially, increasing by 23% to £3.6 million. Net assets have seen a dramatic increase, soaring 120% to £2.7 million. However, cash reserves have decreased by 5.6% to £35,000, and bank borrowings have increased by 2400%. Creditors have fallen by 85%, suggesting improved debt management. The company qualifies as a small entity, meeting two of three criteria, and the figures are unaudited.

The significant investment in development costs suggests a focus on innovation and product expansion, while the increased borrowing may indicate a need for capital to support growth. It's possible the company is scaling up operations to meet demand for its robotic solutions, but the decrease in cash reserves warrants close monitoring.

Registered in England/Wales under the registration number 09617215, with a registered address at RG1 8NQ, England, Reading, Berkshire, 1 Cremyll Road.

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