Cool Energy Holding Limited

Cool Energy Holding Ltd from Grimsby, UK, is a small, active company founded eight years ago in 2017. Employing eight people and holding £970,416 in assets, it operates from a real address and is managed by two directors and two owners. The business regularly imports machinery, boilers, and mechanical appliances—parts, with 15 months of import activity recorded, the latest in October 2024. It also exports electrical machinery and equipment, with four months of export activity, the last in May 2022.

Cool Energy Holding Ltd’s website is not available, making it difficult to understand the full scope of its operations. However, the company is described as operating in the manufacture of other electrical equipment, wholesale of hardware, plumbing and heating equipment and supplies, and other business support service activities.

Financially, the company’s numbers show some concerning trends. Current assets have decreased by 15% to £970,000, and net assets have fallen by 39% to £250,000. Bank borrowings have decreased by 53%, which is a positive sign, but cash reserves have plummeted 69% to just £14,000. Creditors have also decreased, suggesting improved debt management. The company meets two of the three criteria to be considered a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned likely means the accounts are unaudited.

The decrease in cash reserves and net assets is a cause for concern, suggesting the company may be burning through money. The decrease in assets could be due to increased investment in inventory or equipment, but it’s also possible that the company is struggling to generate enough revenue to cover its expenses. The company’s small size, however, allows for agility.

Registered in England/Wales under the registration number 10694131, with a registered address at DN31 3AX, England, Grimsby, 163 Cleethorpe Road.

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