Coomtech Ltd

Coomtech Ltd is a small, active company based in London, UK, founded fourteen years ago in 2011. With twelve employees and £666,166 in assets, it operates from a real address at 330 High Holborn. Despite having six directors, the company has no registered owners, a somewhat unusual arrangement. Coomtech is an irregular importer, specializing in machinery, boilers, and mechanical appliances—parts, with the last import operation recorded just one month ago in September 2024.

The company’s website paints a picture of a technology innovator focused on sustainable materials drying. Coomtech aims to eliminate 75% of the global energy wasted and emissions generated by traditional drying methods, offering a “pathway to 100 renewable energy.” It boasts a breakthrough technology that cuts emissions and energy costs, offering a flexible system that can be adapted to various materials and production needs. The company actively seeks customers, partners, and enablers to expand its cartridge-based drying unit, positioning itself within a collaborative ecosystem of materials drying technology.

Financially, Coomtech’s recent performance presents a mixed bag. While the company’s average number of employees increased by 8.3% to thirteen, cash reserves took a significant hit, plummeting 92% to just £130,000. Convertible bonds increased to £360,000, and creditors rose by 15% to £550,000. A substantial drop in current assets—73% to £670,000—is also noticeable, and debtors decreased by 26% to £540,000. On the plus side, equity increased by 44% to £1.8 million, and share premium increased by 150% to £7 million. 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 decrease in cash and current assets suggests it’s burning through money. No auditor is mentioned, likely due to its small size and exemption from an audit. The company's focus on sustainable technology and its pursuit of strategic partnerships suggest a long-term vision, but its financial health will need close monitoring.

Registered in England/Wales under the registration number 07514422, with a registered address at WC1V 7QH, England, London, 330 High Holborn, Holborn Gate.

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