Verlume Ltd

Verlume Ltd, based in Aberdeen, UK, is a small holding company with an active status, established twelve years ago. Employing 25 people, the company holds assets totaling £1,564,039, operating from a virtual address—a point to note. Four directors and one owner steer the company, which regularly imports electrical machinery and equipment (six months of activity) and exports it irregularly (two months).

The company's website showcases a focus on subsea batteries and power management systems, positioning itself as a leader in intelligent energy management for the offshore wind sector. It offers a suite of products, including Axonn, Charge, and Halo, all controlled by the Axonn intelligent energy management system. The site highlights awards and news, including a recent win for Company of the Year under 50 employees, and offers contact information and a physical address in Dyce, Aberdeen.

Financially, Verlume Ltd shows some concerning trends. Accumulated amortisation impairment for intangible assets has risen significantly by 85%, while depreciation on plant and machinery has also increased. However, cash reserves have improved by 59%, reaching £270,000. Creditors have decreased substantially, by 18%, suggesting better debt management. Net assets, however, have plummeted by 39%, to £-10 million, and bank borrowings have increased by 44%, reaching £13 million. The company meets the criteria for a small company, with turnover under £10.2 million and assets under £5.1 million. There's no auditor mentioned, so the figures are unaudited. It’s clear the company is facing challenges, but the increased cash reserves and improved debt management offer some hope.

Registered in Scotland under the registration number SC443737, with a registered address at AB10 1YL, United Kingdom, Aberdeen, 28 Albyn Place.

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