Cheesecake Energy Limited

Cheesecake Energy Ltd from Nottingham, UK, is a small holding company with an active status, established eight years ago in 2016. Employing 22 people and holding assets valued at £1,969,110, it operates from a real address and is overseen by seven directors and one owner. The company irregularly imports machinery, boilers, and mechanical appliances, with its last import activity recorded one month ago in September 2023.

The company’s website showcases a focus on energy storage technology, specifically its "eTanker" system. This system utilizes thermal energy storage and compressed air to offer a potentially cheaper alternative to batteries, targeting markets like EV charging, microgrids, and industrial decarbonization. The website highlights the technology's 25-year lifetime, environmentally friendly nature, and potential to unlock new revenue streams for renewable energy generators. It also features recent announcements about collaborations and funding awards, demonstrating ongoing development and partnerships.

Financially, Cheesecake Energy Ltd exhibits a mixed picture. While cash reserves increased by a healthy 25% to £1.2 million, net assets surprisingly dropped by 170% to -£510,000. Bank borrowings have decreased, but creditors have skyrocketed by 440% to £2.5 million, indicating a reliance on external funding. Debtor levels have also risen significantly, suggesting a potential delay in customer payments. Despite these challenges, the company's small size—meeting two of three criteria for a small company—allows for agility. The lack of an auditor mentioned likely stems from its exemption as a small company, meaning the financial data isn’s been independently verified.

The company’s increased debt and decreased equity suggest it may be burning through cash to fund its technology development. The surge in creditors, however, could be related to the recent funding awards mentioned on the website. It’s unclear if these are short-term loans or longer-term investments, but it’s a factor to keep an eye on.

Registered in England/Wales under the registration number 10317962, with a registered address at NG90 6BH, England, Nottingham, Medicity, D6 Thane Road.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.