Skyrora Limited

Skyrora Limited, a Glasgow-based holding company, is a small, active business founded seven years ago in 2017. With 53 employees and £3,291,765 in assets, it operates from a real address in Cumbernauld, Scotland, and is led by two directors and two owners – a solo founder. The company regularly imports machinery, boilers, and mechanical appliances, parts, for 50 months, and exports electrical machinery and equipment for 44 months.

Skyrora Limited’s primary focus, as evidenced by its website, is investing in the space sector. It’s a venture capital firm backing innovative companies aiming to revolutionize the industry in the UK and Europe. The firm prioritizes companies with high-growth potential in technological development and the NewSpace sector, typically investing between £100,000 and £2 million. Its website highlights a commitment to innovation, sustainability, and talent, showcasing a portfolio of investments and a team led by Volodymyr Levykin and Anfisa Anikushina. Skyrora also operates Skyrora Limited, which designs, manufactures, and operates a versatile, cost-effective, and environmentally responsible launch vehicle.

Financially, Skyrora Limited shows some concerning trends. Current assets have plummeted by 67%, dropping to £3.3 million, while net assets have fallen by a substantial 93%, leaving just £710,000. Bank borrowings have increased, and cash reserves have decreased significantly. While creditors have also decreased, the sharp decline in assets and equity suggests the company is burning through cash. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 75 employees) helps it stay agile, but the equity drop raises questions about its financial health. No auditor is mentioned, likely due to the company’s small size and exemption from full auditing requirements. It seems like the company is struggling to maintain its assets.

Registered in Scotland under the registration number SC569511, with a registered address at G68 9LD, Scotland, Glasgow, 7 Drum Mains Park, Cumbernauld.

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