Ura Thrusters Ltd

Ura Thrusters Ltd, based in Oxford, UK, is a small holding company with an active status, established five years ago. The company employs eleven people and holds £436,875 in assets, operating from a virtual address. It’s managed by two directors and has one reported owner. Ura Thrusters sporadically imports electrical machinery and equipment (two months of imports) and exports aluminum and aluminum products (also two months).

The company’s core business revolves around engineering design activities for industrial processes and production. Its website showcases four distinct propulsion solutions: Halleffect Thrusters, Ice Electrolysis Propulsion, Microwave Electrothermal Thrusters (MET), and a Hybrid Propulsion System (Hydra). These technologies focus on sustainable propulsion, utilizing water as a propellant – a nod to the Basque language, where "ura" means water. The company also has a Linkedin page, and states they are looking for innovative, multidisciplinary and enthusiastic team members.

Financially, Ura Thrusters Ltd exhibits a mixed picture. While current assets increased by a substantial 250% to £440,000, net assets decreased by 19% to -£220,000. Bank borrowings have surged by 1,400%, reaching £100,000, and cash reserves fell by 81% to just £490. Creditors increased by 77% to £830,000, and trade debtors ballooned by 330% to £430,000. The company’s small size (meeting two of three conditions for being considered small) allows for agility, but the significant equity decline and increased debt suggest financial pressure. The company is exempt from an audit, and so the figures are unaudited.

The company’s focus on innovative, sustainable propulsion solutions is promising, but its financial health is a concern. Whether it can secure funding or partnerships to support its ambitious projects remains to be seen.

Registered in England/Wales under the registration number 12355879, with a registered address at OX4 1XQ, United Kingdom, Oxford, Oxfordshire, 265 Cowley Road.

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