Spacecraft International Limited

Spacecraft International Ltd from London UK: a small, active company founded 27 years ago, employs 14 people, and holds £7,240,365 in assets. It’s a real address with two directors, though no owners are officially listed. The company regularly imports and exports furniture, lighting, and prefabricated buildings – 278 months of imports and 64 months of exports recorded.

The business operates in the manufacture of office and shop furniture industries, and is a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company’s website is not available to analyse.

Financial data reveals a mixed picture. Current assets have decreased by 44% to £7,200,000, while net assets have also fallen by 42% to £2,100,000. Bank borrowings have increased significantly, rising by 95% to £240,000, and cash reserves have decreased by 7.9% to £4,600,000. Creditors have also risen by a substantial 95% to £2,400,000. The company’s trade debtors have seen a dramatic drop, falling by 84% to £1,300,000. The lack of an auditor is not unusual for a small company.

The company’s decline in assets and increase in debt could be attributed to various factors, such as increased competition, supply chain disruptions, or changes in customer demand. The substantial drop in trade debtors suggests possible difficulties in collecting payments from customers. It is not clear if the company is burning through money, but the trends indicate a need for careful management and potentially a re-evaluation of its business strategy.

Registered in England/Wales under the registration number 03467372, with a registered address at EC1V 9AN, England, London, 64-66 Old Street.

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