Airgon Technologies Ltd

Airgon Technologies Ltd, based in Manchester, UK, is a small, active company founded three years ago. With just two employees and £45,620 in assets, it operates from a virtual address – a point of concern given nineteen other companies share the same location. The company is owned by three individuals and managed by two directors. It runs an e-commerce site and irregularly imports machinery, boilers, and mechanical appliances, with the last import occurring over a year ago.

The company's website, Airgon.co.uk, focuses on selling devices designed to reduce heating bills, promising savings of up to 20% and a money-back guarantee. It highlights ease of installation, a 10-minimum performance guarantee, and even offers financing options through Klarna. The site's content emphasizes energy efficiency, carbon reduction, and extending the life of boilers – a clear pitch to environmentally conscious consumers.

Financially, Airgon Technologies Ltd appears to be struggling. Accumulated depreciation on plant and machinery has increased significantly, rising 170% to £9,000. Amounts owed to directors have decreased by 26% to £15,000. Cash bank holdings have plummeted an astonishing 100% to just £5. Net assets have also taken a hit, dropping to -£97,000. Creditors have increased by 37% to £140,000. The company's small size—meeting two of three conditions for a small company—helps with agility, but the sharp decline in cash and equity is concerning. The lack of an auditor is typical for a small company, but the financial trends suggest Airgon Technologies Ltd is burning through money quickly, and its reliance on external financing may be growing.

Registered in England/Wales under the registration number 14104291, with a registered address at M15 4PS, United Kingdom, Manchester, C/O Digi Accountancy Sun House, 2 - 4 Little Peter Street.

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