Saga Robotics Limited

Saga Robotics Limited is a small, active company based in Lincoln, UK, established twenty years ago in 2004. With 36 employees and £621,352 in assets, it operates from a real address within the G Tech Building at Firth Road Business Centre. The company is led by one director, though no owners are currently listed. It’s a regular importer and exporter of electrical machinery and equipment, with 50 months of import activity and 6 months of export activity recorded.

The company’s primary focus is agricultural robotics, as evidenced by its website. Saga Robotics develops and markets Thorvald, a multifunctional robot designed for tasks like powdery mildew control and other autonomous operations on farms and vineyards. The website highlights Thorvald’s capabilities in areas like crop intelligence, sustainability, and cost-effectiveness, showcasing its adaptability to various environments, including polytunnels, open fields, and vineyards. The company also emphasizes its partnership approach, constantly evolving Thorvald through collaboration and innovation. Recent news highlights include the appointment of Dorn Wenninger as Board Chair and the expansion of services across the UK.

Financially, Saga Robotics Limited presents a mixed picture. While cash reserves increased significantly by 320% to £300,000, net assets decreased by 53% to -£3.1 million. Trade debtors fell by 61%, which could indicate improved collection practices, however, creditors also increased by 36%, suggesting a greater reliance on external financing. The company’s average number of employees has risen by 14% to 41, which could be a positive sign of growth, but it also increases operational costs. Intangible assets have grown by 55%, likely reflecting investment in research and development. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Saga Robotics Limited seems to be investing in its technology and expanding its operations, but the significant decrease in equity raises questions about its long-term financial health. The company’s focus on agricultural robotics and its innovative Thorvald platform, however, positions it well for future growth in a rapidly evolving market.

Registered in England/Wales under the registration number 05142482, with a registered address at LN6 7AA, England, Lincoln, G Tech Building Firth Road Business Centre, Firth Road.

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