8power Limited

8power Limited, based in Cambridge, UK, is a small, active company founded ten years ago in 2015. With 12 employees and £457,909 in assets, it operates from a virtual address shared by 38 other companies, a fact that raises some questions. The company has five directors, but no owners are listed, which is unusual. It’s an irregular importer, primarily dealing with electrical machinery and equipment, with only one month of imports recorded as of November 2020.

The company's website reveals a focus on remote condition monitoring for rotating equipment, positioning itself as an innovative technology company. It offers wireless sensors and machine learning analytics to monitor industrial assets, aiming to prevent failures and reduce maintenance costs. The website highlights a "Fit and Forget" approach with 10-year life sensors, targeting water treatment, utilities, manufacturing, and oil & gas industries. Recent news highlights include securing funding for water sector innovation and recognition as a "Cool Vendor" in IoT.

Financially, 8power Limited presents a mixed picture. Cash reserves have plummeted 41% to £210,000, while creditors have increased significantly by 37% to £120,000. Net assets have taken a sharp decline, falling 34% to -£710,000. Trade debtors have also decreased by 24%, and average number of employees has dropped 17%. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the substantial decrease in equity suggests it’s burning through money. The lack of an auditor mentioned, likely due to its small size, means the figures are unaudited. It’s clear that the company is facing challenges, despite its innovative technology and recent funding successes.

Registered in England/Wales under the registration number 09396640, with a registered address at CB4 2HY, England, Cambridge, Future Business Centre, Kings Hedges Road.

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