European Thermodynamics Limited

European Thermodynamics Ltd, based in Nuneaton, UK, is a small, active company established 23 years ago. With 23 employees and £2,195,076 in assets, it’s a well-established player in its sector. The company has three directors and two owners, operating from a real address and importing and exporting machinery, boilers, and mechanical appliances—parts for a substantial 65 months combined.

The company’s website reveals a fascinating range of activities. Beyond the core wholesale business, European Thermodynamics Ltd is heavily involved in research, development, and manufacturing of thermoelectric materials and products. It seems to be pushing boundaries in energy harvesting, cooling, and sensing technologies, catering to industries like aerospace, automotive, and medical. The website showcases numerous ongoing projects, from integrating thermoelectric generators into vehicles (Hilux) to developing low-emission cookstoves for Africa (Spitfire). It's clear that European Thermodynamics Ltd isn’s just a distributor; it’s an innovator.

Financially, the picture is a little mixed. While cash reserves increased by a healthy 42% to £380,000, net assets decreased by 3.7% to £1,700,000. Creditors have increased significantly—both within one year (48%) and after one year (41%), suggesting a need for careful cash flow management. Trade debtors have also risen, which could be a sign of slower customer payments. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the decrease in equity is something to keep an eye on. The accounts are abridged and unaudited, and no auditor is mentioned, which is typical for companies of this size. It’s worth noting that retained earnings and accumulated losses decreased, which may have impacted the net assets.

Overall, European Thermodynamics Ltd appears to be a resilient company with a strong focus on innovation. While the financial figures show some challenges, the company’s diverse projects and technical expertise suggest a bright future.

Registered in England/Wales under the registration number 04345086, with a registered address at CV11 6RY, England, Nuneaton, 40 Centenary Business Centre, Hammond Close.

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