Vector Space Ltd

Vector Space Ltd from Ascot UK: a small, active company founded six years ago, employs a single person, and holds £1,169 in assets. It’s a solo founder operation with one director and owner, registered at a real address shared by only one other business. The company operates in the retail sale via mail order houses or via internet industries.

The website paints a picture of a vibrant community makerspace. Vector Space isn’s just an e-commerce site; it’s a nonprofit offering memberships, classes, workshops, and a range of equipment for makers of all skill levels. The site highlights a packed calendar of events, including robotics competitions, maker fairs, and even a monthly open house. It’s clear that Vector Space prioritizes hands-on learning and community building, with a strong emphasis on science-based knowledge and innovation. The site also features a blog, annual reports, and a wiki structure, suggesting a commitment to transparency and knowledge sharing.

Financially, Vector Space Ltd is facing some challenges. Net assets have plummeted by a staggering 38%, now sitting at -£8,700, and cash reserves have dropped 15% to just £170. Current assets have also decreased significantly, falling 57% to £1,200. Trade creditors have increased by 34%, reaching £7,500. The company’s small size (meeting two of three conditions for a small company) helps with agility, but the sharp decline in equity and cash raises concerns. There's no auditor mentioned, so the figures are unaudited.

It’s clear that Vector Space is burning through money, likely due to the costs of running a physical makerspace and offering a wide range of programs. Whether the organization can secure funding or increase membership to offset these costs remains to be seen—but for now, it’s a testament to the passion and dedication of its founders and members.

Registered in England/Wales under the registration number 11475981, with a registered address at SL5 0NJ, England, Ascot, Rosenhurst Church Road, Sunningdale.

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