Voxelmaps Ltd

Voxelmaps Ltd from Nottingham UK: a small, holding company with an active status, was founded five years ago. The company employs nine people and holds £382,691 in assets. It has a real address, three directors, and one owner. Voxelmaps is an irregular importer of electrical machinery and equipment, with just one month of imports recorded in 2022.

The company's website paints a picture of a data collection and mapping specialist. Voxelmaps is building what they call "the world's most accurate 4D volumetric model of the earth," providing high-resolution scans and fused data for autonomous vehicles and AI models. They offer mobile mapping systems like the SYMBO DUO and provide services like LiDAR video data processing and GIS technology for various industries, including utilities, telecommunications, and transportation. Their website also highlights their work in mapping people, objects, and even sounds, alongside a Voxelmaps Insight Platform (VIP) for automated data processing.

Financially, Voxelmaps Ltd shows some concerning trends. Cash bank on hand dropped significantly by 62%, falling to £53,000. Creditors jumped dramatically, increasing by 660% to £100,000, while trade debtors rose by 140% to £330,000. Although current assets increased by 40% to £380,000, the substantial rise in liabilities suggests the company may be burning through cash. The number of employees increased by 22% to eleven, which could be a sign of growth or increased operational costs. Despite the company meeting the criteria for a small entity (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), the rising debt levels warrant close attention. No auditor is mentioned, likely due to the small company exemption. The company’s reliance on intangible assets, which decreased by 50% to £11,000, also raises questions about its long-term value.

Registered in England/Wales under the registration number 12114255, with a registered address at SS6 7BS, England, Rayleigh, Essex, 162-164 High 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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