Spica Technologies Ltd

Spica Technologies Ltd from Birmingham, UK, is a small holding company with an active status, having been founded ten years ago in 2014. Employing thirty-seven people and holding £1,803,640 in assets, it operates from a real address and is overseen by two directors and one owner. The company boasts a stellar 5.0 Google rating based on two reviews, and regularly imports optical and medical tools and devices, with its last import operation occurring in August 2024.

Spica Technologies is a software company specializing in workplace experience solutions. Its core product, GemEx, is an award-winning platform designed to boost employee engagement, productivity, and space management. The website showcases a range of features, including desk booking, meeting room booking, car park booking, and a news feed, all aimed at creating a flexible and collaborative work environment. It also offers services for facility managers, HR teams, and senior leaders, providing tools for space management, hybrid working, and employee engagement. The company even integrates with IoT devices for smart cleaning and environmental monitoring, and has partnerships with companies like Microsoft and ISS.

Financially, Spica Technologies shows some concerning trends. While fixed assets increased by 25%, net assets decreased by 100%, resulting in a negative value of -£33,000. Bank borrowings remained steady at £750,000, but cash reserves plummeted 88% to just £98,000. Trade debtors increased significantly by 58%, which could indicate challenges in collecting payments, and creditors increased by 48%. The company’s small size—meeting two of three criteria for a small company—helps with agility, but the dramatic decline in equity is a red flag. No auditor is mentioned, likely due to the company’s small size and exemption from mandatory audits.

Overall, Spica Technologies is a promising software company with a strong product and positive customer feedback, but its recent financial performance suggests it's burning through cash. It will be interesting to see if the company can turn things around and sustain its growth in the competitive workplace experience market.

Registered in England/Wales under the registration number 09276549, with a registered address at B7 4BP, England, Birmingham, 1.06 Icentrum 6 Holt Street.

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