Karmae Ltd

Karmae Ltd is a small, active company based in London, UK, founded four years ago in 2020. It’s a solo-founder operation with one director and one employee, holding £156,344 in assets. The company operates from a virtual address – a fact highlighted by the presence of 8741 other companies registered at the same location – and focuses on retail sales via mail order and internet.

The company's website details its involvement in the renewable energy sector, specifically wind power and small hydro power projects. It’s part of the Weizmann Group, which also has interests in textile processing, exports, and fintech. The website highlights projects across multiple states in India and emphasizes the group’s commitment to sustainable business growth. It's a bit confusing, though, how much of the website is related to Karmae Ltd, and how much is the parent group.

Financially, Karmae Ltd presents a mixed picture. Current assets have fallen significantly, dropping 67% to £160,000. Bank cash has also seen a big decrease, falling 51% to just £100,000. Creditors have decreased by a large 75%, which is a positive sign. However, the company’s equity has increased by 19%, from £43,000 to £51,000. The company meets two of the three criteria to be considered small, and the lack of an auditor is typical for a company of this size. The accounts are described as “filleted” and unaudited, relying on director-reported data.

While the renewable energy focus suggests long-term potential, the sharp decline in cash reserves and current assets indicates that Karmae Ltd is burning through money. Whether this is a temporary setback or a more fundamental challenge remains to be seen, but the company's solo founder structure might be a factor in its financial trajectory.

Registered in England/Wales under the registration number 12859140, with a registered address at EC1V 2NX, England, London, 124 City Road.

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