Carnot Ltd

Carnot Ltd from London UK: a small, active company founded five years ago, employs ten people, and holds £283,557 in assets. It’s run by five directors and one owner, with a real address at Studio 124 Great Western Studios. The company regularly imports machinery, boilers, and mechanical appliances; parts, with recent activity recorded just seven months ago.

Carnot Ltd operates as a UK startup focused on developing next-generation engine technology to decarbonise industries like maritime, heavy-duty vehicles, and off-grid power. It draws inspiration from a 200-year-old principle of thermodynamics, aiming for 68-72% efficiency—significantly higher than conventional combustion engines—and compatible with a range of decarbonised fuels. The company’s website highlights partnerships and ongoing research, including a recent investment announcement with Mitsui O.S.K. Lines and a solution for decarbonising port emissions. It’s clearly aiming to make a big impact on reducing CO2 emissions.

Financially, Carnot Ltd presents a mixed picture. Current assets have fallen by a substantial 50% to £280,000, while net assets have dropped by 110% to -£1.5 million. Bank borrowings have decreased slightly, but cash reserves have also declined by 12% to £260,000. Creditors have decreased by 33%, suggesting better debt management, but the significant equity decline—reflecting accumulated losses—raises concerns. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the drop in equity needs to be watched. No auditor is mentioned, which is common for small companies.

Overall, Carnot Ltd seems to be burning through cash as it invests in its technology. While the company’s ambition and partnerships are encouraging, the financial data suggests it’s facing challenges in sustaining its operations.

Registered in England/Wales under the registration number 12179870, with a registered address at W2 5EU, United Kingdom, London, Studio 124 Great Western Studios, 65 Alfred Road.

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