Auriga Energy Limited

Auriga Energy Limited is a small, active company based in Bristol, UK, established 22 years ago in 2002. With a single employee and £237,188 in assets, it operates from a real address at the Easton Business Centre. The company is led by a solo founder and director, Singh Jaswinderpal. It's classified as a small company, meeting two of the three criteria: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. Auriga Energy is an irregular importer, primarily dealing in electrical machinery and equipment, with the last import operation recorded in June 2024.

The company’s website reveals a focus on developing and integrating hydrogen fuel cell systems for various applications, including marine, stationary power, and portable generators. It highlights award-winning, high-efficiency systems delivering lower operational costs and a cleaner environment. A key project involves a 3MW fuel cell and powertrain system for an offshore workboat, approved in principle by Lloyds Register. Auriga Energy is also developing a next-generation marine fuel cell system and collaborating on a trial with a yacht. The company's website also mentions a piano restoration business, but it's unclear how closely the two businesses are linked.

Financially, Auriga Energy Limited presents a mixed picture. While cash bank on hand increased by 14% to £78,000, current assets dropped by 45% to £240,000. Bank borrowings surged by 2,400%, reaching £29,000, and net assets plummeted 33% to -£63,000. Trade debtors ballooned by 67%, suggesting delayed customer payments or expanded credit terms. The lack of employees (one reported) hints at a lean operation. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's focus on fuel cell technology suggests a long-term, innovative venture, but the declining equity and increased debt raise concerns about its financial sustainability. Whether Auriga Energy can secure funding or partnerships to support its ambitious projects remains to be seen.

Registered in England/Wales under the registration number 04484160, with a registered address at BS5 0HE, Bristol, Unit 54 Easton Business Centre, Felix Road.

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