Exergyn Uk Ltd

Exergyn Uk Ltd, based in Rugby, UK, is a small, active company founded three years ago in 2022. With nine employees and £205,286 in assets, it operates from a real address and is overseen by two directors, though there are no listed owners. The company is an irregular importer of electrical machinery and equipment, with just one month of import activity recorded as of May 2023.

Exergyn Uk Ltd is focused on developing a revolutionary heat pump technology that eliminates the need for refrigerants and emissions. Its website highlights the core of this technology: a modular device based on shape memory alloy (SMA), designed for both heating and cooling needs. The company emphasizes exceptional efficiency, power density, and longevity, alongside environmental benefits like zero global warming potential. It appears to be a technology-driven business, not an e-commerce operation, focusing on engineering design for industrial processes and production.

Financially, Exergyn Uk Ltd presents a mixed picture. Current assets have doubled to £210,000, while debtors have also risen dramatically to £210,000. However, net assets have worsened, dropping to -£170,000, and creditors have increased significantly to £820,000. Cash reserves are non-existent, and bank borrowings are not reported. The company's small size (meeting two of three criteria for a small company) allows for agility, but the substantial increase in creditors and the negative equity suggest it's burning through cash. There's no auditor mentioned, likely due to its small size, so the figures are unaudited. The substantial depreciation impairment increase from £650 to £45,000 also suggests a significant investment in property, plant, and equipment, which may be contributing to the cash flow challenges.

Registered in England/Wales under the registration number 13998356, with a registered address at CV21 2UX, England, Rugby, Warwickshire, Unit 2b Stepnell Park, Lawford Road.

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