Sky Cooling Limited

Sky Cooling Limited is a small, active company based in London, UK, founded eight years ago in 2017. With two employees and £72,535 in assets, it operates from a virtual address—35 other companies registered at the same location—and is led by a solo founder and director, Ahmet Arici. The company regularly imports furniture, lighting, and prefabricated buildings, with 34 months of import activity recorded, the latest in December 2024.

Sky Cooling's website highlights a clean energy focus, developing "SkyCool Systems" – a technology designed to improve cooling efficiency using radiative cooling materials. It targets a global problem: the significant energy consumption and greenhouse gas emissions associated with air conditioning and refrigeration. The technology aims to retrofit existing systems, offering energy savings between 15% and 30%, increased cooling capacity, and reduced electrical demand. The company boasts partnerships and affiliations, and has a case studies section to showcase its applications.

Financially, Sky Cooling Limited presents a mixed picture. While cash reserves increased by a respectable 80% to £10,000, current assets experienced a significant drop of 590% to £73,000. Trade debtors have ballooned to a staggering -£550,000, a concerning trend. Bank borrowings decreased by 34% to £21,000, and creditors dropped by 34% to £21,000. Accumulated depreciation on property, plant, and equipment has doubled to £5,000, and the company’s net assets are down 33% to -£84,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the large increase in trade debtors and the negative equity raise concerns about cash flow. The accounts are unaudited, likely due to the company’s small size, and rely on director-reported data.

Overall, Sky Cooling Limited appears to be facing financial pressures despite its innovative technology and clean energy focus. The company’s ability to manage its debtors and maintain positive cash flow will be crucial for its long-term sustainability.

Registered in England/Wales under the registration number 10731341, with a registered address at N16 9BS, England, London, 17 Green Lanes, Newington Green.

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