Oort Energy Ltd

Oort Energy Ltd is a small, active company based in Whitchurch, UK, founded three years ago in 2021. With 12 employees and £1,602,127 in assets, it operates from a real address within a business park. The company has five directors, but surprisingly, no owners are listed – likely one of the directors holds the shares. Oort Energy regularly imports various base metals and cermets, with the last import occurring in July 2024, and occasionally exports optical and medical tools and devices, with the last export in July 2023.

The company’s website highlights its focus on green hydrogen technology. It's developing electrolysis systems and boasts a successful delivery of its first off-grid commercial electrolyser stack to Harlaxton Engineering Services Limited, powered entirely by solar energy. The website emphasizes a mission to drive the green hydrogen revolution, reduce costs, and enable market demand for net-zero solutions. They even have a timeline of milestones.

Financially, Oort Energy Ltd presents a mixed picture. While turnover isn’s listed, net losses have deepened significantly, increasing by 57% to -£2.8 million. Cash reserves have also fallen dramatically, decreasing by 54% to £910,000. However, administrative expenses have risen by 17% to £2.1 million, suggesting increased operational costs. Debtors have plummeted by 91% to £110,000, which could be a positive sign of improved cash flow management, or a sign of reduced sales. The company’s employee numbers have increased substantially, rising 83% to 22, which may be a result of the increased activity. The company is exempt from an audit.

Overall, Oort Energy Ltd appears to be a high-growth company investing heavily in its technology, but facing challenges in achieving profitability. The increase in employee numbers and operational expenses suggests a period of expansion, but the significant losses and reduced cash reserves raise concerns about its financial sustainability.

Registered in England/Wales under the registration number 13552567, with a registered address at BS14 0BY, United Kingdom, Whitchurch, Bristol, Unit 5 Axis, Hawkfield Business Park, Hawkfield Way.

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