Viritech Ltd

Viritech Ltd is a small, active company based in London, UK, founded four years ago in December 2020. With twenty employees and £930,167 in assets, it operates from a virtual address, a detail that’s a little odd considering 360 other companies are registered at the same location. The company is led by four directors, including Lyons Timothy David, who is also the sole owner.

Viritech specializes in engineering services, particularly the development of hydrogen power solutions. Its website highlights a focus on powertrains, systems, and enabling technologies for automotive, aerospace, marine, and distributed power applications. They offer everything from fuel cell powertrains to bespoke software and power electronics, partnering with OEMs and Tier 1 suppliers. It seems they are trying to build a strong brand around innovation and British engineering.

Financially, Viritech’s numbers paint a mixed picture. While current assets decreased by 32% to £930,000, bank borrowings increased significantly by 230%, reaching £590,000. Equity also took a hit, dropping 64% to £460,000. It's a bit concerning that cash reserves have fallen, and while creditors have increased, it’s unclear if this is due to growth or financial strain. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the decline in equity warrants closer scrutiny. As a small company, it’s exempt from a full audit, so the figures are unaudited. It's a bit strange that there's no mention of an auditor.

Registered in England/Wales under the registration number 13063420, with a registered address at NW3 6BP, United Kingdom, London, Summit House, 170 Finchley Road.

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