Spacecom Ltd

Spacecom Ltd from Lichfield UK: a small, active company founded fifteen years ago, employs six people, and holds £2,853,108 in assets. It's a real address with one director and two owners. The company regularly imports machinery, boilers, and mechanical appliances – parts, with 26 months of import activity recorded, the last in June 2024.

Spacecom Ltd specializes in constructing prefabricated houses using timber frame closed panel systems. Their commitment lies in crafting eco-friendly and energy-efficient homes, reshaping modern living with sustainable practices and innovative construction methods. They even possess BOPAS accreditation, guaranteeing a remarkable 60-year durability warranty. Services include architecture, interior design, and construction, alongside technology incorporating closed panel systems, advanced CNC technology, and fire resistance up to 120 minutes. The company’s website showcases projects across various locations, including Leicestershire, Warwickshire, and Staffordshire, and even highlights investment opportunities.

Financially, Spacecom Ltd presents a mixed picture. While current assets increased by a substantial 92% to £2.9 million, net assets plunged dramatically—a 6,000% decrease to -£760,000. Bank borrowings decreased by 31%, reaching £22,000, and cash reserves jumped 160% to £20,000. Creditors, however, ballooned by 160%, reaching £3.4 million. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity raises concerns. There's no auditor mentioned, likely due to the company’s exemption as a small entity, so the figures are unaudited. The company’s significant increase in creditors suggests a possible reliance on external financing, and the large losses could be a consequence of rapid expansion or investment in new technologies.

Registered in England/Wales under the registration number 07245442, with a registered address at WS13 6LL, Lichfield, 8 Bore Street.

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