Echion Technologies Ltd

Echion Technologies Ltd, based in Sawston, UK, is a small, active company founded eight years ago in 2017. With 29 employees and £22,753,386 in assets, it operates from a real address and is managed by nine directors, though no owners are officially listed. The company enjoys a perfect 5.0 Google rating based on a single review. It regularly imports machinery, boilers, and mechanical appliances—parts, with 21 months of import activity—and exports miscellaneous chemical products, with four months of export activity.

The company’s website paints a picture of a leader in niobium anode battery materials. Echion positions itself as the “world’s leading niobium anodes for Li-ion batteries,” focusing on enabling faster charging, increased safety, and longer lifespans for batteries. Its XNO material is marketed as a solution for “electrifying heavy-duty applications,” targeting industries like rail, mining, and high-utilization fleets. The company supplies XNO anode active material to cell manufacturers and offers low-volume demonstrator cells to Tier 1s and OEMs. It also boasts a team of scientists and engineers ready to support product development. The website highlights the company’s spin-out from Cambridge University in 2017 and its patented XNO technology, emphasizing its unique crystal structures and fast-diffusion capabilities.

Financially, Echion Technologies Ltd shows some concerning trends. Accrued liabilities increased significantly by 81%, while capital commitments jumped a massive 500% to £450,000—a sign of potential expansion or investment. Cash bank holdings, however, grew substantially, increasing by 650% to £21 million. While debtors also increased by 28%, creditors saw a 49% rise, suggesting increased borrowing. The company’s growth in average employees, from 29 to 41, indicates an expanding workforce, but it’s unclear if this is sustainable given the other financial pressures. The lack of an auditor mentioned likely means the accounts are unaudited.

Despite the mixed financial picture, Echion’s focus on a high-growth sector—battery technology—and its innovative XNO material suggests a company with significant potential. The company’s strong marketing and partnerships, as highlighted on its website, are key to its success, but the company will need to manage its finances carefully to navigate the challenges ahead.

Registered in England/Wales under the registration number 10680704, with a registered address at CB22 3FG, United Kingdom, Sawston, Cambridgeshire, Unit 9-11 Cambridge South, West Way.

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