CLYDE SPACE LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have received confirmation of continued financial support from the parent company for at least twelve months from the date of approval of these financial statements. This support includes confirmation not to call intercompany balances should it be to the detriment of the company in meeting its obligations as they fall due, and provision of additional funding should it be required. The directors have no reason to believe that any material uncertainty exists that may cast doubt on the company's ability to continue as a going concern. Accordingly, the financial statements have been prepared on a going concern basis.”

Group structure

1. CLYDE SPACE LIMITED · parent
   1. Clyde Space Inc. 100% · Delaware, United States · Dormant

Significant events

• “In 2025, we will launch the first satellite in our own Earth Observation constellation, giving us a unique opportunity to offer high-resolution data for a wide range of applications.”
• “we are initiating a new project, INFLECION, in collaboration with ESA and Space UK for maritime applications, further cementing our role as a key player in space-based data and communication.”
• “The loan portion of amount owed to the parent company of £2,102,394 is unsecured and interest is charged at a fixed rate of 6% per annum on outstanding balances. The loan was previously due for repayment on 6 April 2025 and post year end this has been extended to 6 April 2030.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +170.9%

  £4,631,043 → £12,547,216

• Cash

  -64.2%

  £687,599 → £246,454

• Net assets

  +482.5%

  £285,146 → £1,660,913

• Employees

  0%

  88 → 88

• Operating profit

  +83.5%

  -£3,453,970 → -£569,778

• Profit before tax

  +80.7%

  -£3,563,461 → -£688,556

• Wages

  +1.2%

  £4,581,949 → £4,639,106

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers