Space Blue Limited

Space Blue Ltd, based in Sale, UK, is a small, active company founded five years ago in 2019. It’s a solo-founder operation with one director and owner, operating an e-commerce site focused on sustainable home furnishings and graphene-enhanced products. The company imports carpets and textile floor coverings irregularly, with the last import activity recorded over two years ago in 2021. It also appears to manufacture rubber products, and retails carpets and floor coverings.

The company's website highlights its SpaceMat, a rubber doormat made from recycled car tires and graphene. The site emphasizes the product's sustainability, durability, and ability to trap dirt and mud. It even features videos showcasing the manufacturing process and the product's benefits. The company collaborates with the Graphene Engineering and Innovation Centre at the University of Manchester, suggesting a focus on innovation and technology.

Financially, Space Blue Ltd presents a mixed picture. Cash bank on hand has decreased by 16%, falling to £1,500, while current assets have also dropped by 14%, settling at £14,000. Bank borrowings have seen a significant reduction of 30%, now standing at £25,000, which is a positive sign. However, creditors have increased substantially by 36%, reaching £61,000 within the year, and net assets have decreased by 19%, now at -£65,000. The company’s small size—meeting two of three conditions for being classified as small—helps it remain flexible, but the decrease in equity raises questions. The accounts are unaudited, as is typical for small companies, and no auditor is mentioned.

Overall, Space Blue Ltd appears to be navigating a challenging financial landscape, with a focus on sustainable products and technological innovation. It's a small company, and the decrease in equity is something to keep an eye on.

Registered in England/Wales under the registration number 12320819, with a registered address at M33 3HP, England, Sale, Marsland Chambers, Marsland Road.

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