Actuation Lab Ltd

Actuation Lab Ltd from Bristol UK: a small, active company founded six years ago, employs ten people, and holds £1,055,079 in assets. It has five directors, but no owners are reported. The company regularly imports machinery, boilers, and mechanical appliances, parts, with recent activity in June 2024.

The company’s website reveals a fascinating mission: to eliminate valve gas leaks, a major source of climate damage and lost product. Actuation Lab has developed a revolutionary “Dragonfly” valve, which removes the leaky valve stem and replaces it with a sealed magnetic coupling. The site emphasizes a hyper-focused team working to supply the world with valves that prevent climate damage. They’re actively seeking investors and commercial partners to scale up their technology and deploy it worldwide. The team, comprised of Simon, Tom, and Michael, have worked together for over a decade, consolidating their intellectual property and spinning out of the University of Bristol.

Financially, Actuation Lab Ltd shows some concerning trends. While current assets increased by 24% to £1,100,000, net assets decreased by 120% to -£490,000—a significant drop. Bank borrowings surged by 1500% to £150,000, and cash reserves fell by 51% to £210,000. Creditors also increased substantially by 240% to £310,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the large equity decrease suggests it’s burning through cash. The company is exempt from an audit, so the figures are unaudited.

Despite these challenges, Actuation Lab’s innovative technology and clear mission could attract investment and propel it forward. It’s a company with a big goal and a unique solution—but it needs to manage its finances carefully to succeed.

Registered in England/Wales under the registration number 11415741, with a registered address at BS3 4AG, England, Bristol, Unit 3a Princess Street, Bedminster.

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