PAVEGEN SYSTEMS LTD
Company number 06980029 · Monitor this company
Executive summary
Pavegen Systems Ltd occupies a pioneering but commercially unproven position within the kinetic energy harvesting sub-sector of clean technology. Despite 15 years of operation and over £11M in equity investment, the company has accumulated losses matching its total capital raised, with no clear pathway to breakeven and a going concern uncertainty explicitly acknowledged by directors. While the company has successfully raised additional funds in early 2025/2026 and maintains valuable brand equity and intellectual property, its financial profile is significantly weaker than sector norms for venture-stage clean technology businesses approaching commercial maturity. The business remains entirely dependent on continued investor support to fund ongoing R&D and operations, with cash reserves of only £204K against an annual burn rate exceeding £1M.
Shareholders' funds
£11,318,846
Balance sheet as at 2024-12-26
What it does
The principal activity of the company in the period under review was that of designing, developing and manufacturing of patented floor tile technology
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 2009-08-04
- Employees
- 25 (2024 accounts · was 27 in 2023)
- Registered office
- 68 Hanbury Street, London, England, E1 5JL
- Postcode
- E1 5JL
- Capital
- 2 GBP
- Accounts category
- Total Exemption Full
- Charges
- 0 outstanding
Accounts
- Last made up to
- 2024-12-26
- Next due by
- 2026-09-26
- Financial year end
- 26 December
Confirmation statement
- Last statement dated
- 2025-08-03
- Next due by
- 2026-08-17
Nature of business (SIC)
- 35110 Production of electricity
Officers 6 current · 4 resigned
Licensed visa sponsor
Licensed by the Home Office to sponsor worker visas: Skilled Worker (Worker (A rating)).
Matched by registered name to the register of licensed sponsors (Home Office, updated daily) — check the register itself before relying on it. Contains public sector information licensed under the Open Government Licence v3.0.
Contact details
- Website
- pavegen.co.uk
Our mission is to help move society towards a more sustainable future by generating renewable energy with footsteps to power engaging experiences.
Previous registered addresses 5
| Address | Changed on |
|---|---|
| 31 ST GEORGES PLACE, CANTERBURY, KENT, CT1 1XD | 2016-08-11 |
| 788-790 FINCHLEY ROAD, LONDON, NW11 7TJ, UNITED KINGDOM | 2010-01-30 |
| 788-790 FINCHLEY ROAD, LONDON, NW11 7TJ, UNITED KINGDOM | 2010-01-30 |
| GISTERED OFFICE CHANGED ON 04/08/2009 FROM, HIGHFIELD HOUSE SUMMER HILL HARBLEDOWN, CANTERBURY, KENT, CT2 8NH | 2009-08-04 |
| HIGHFIELD HOUSE SUMMER HILL HARBLEDOWN, CANTERBURY, KENT, CT2 8NH | 2009-08-04 |
Among its peers
Top 5%
by shareholders' funds, of 98 similar companies in E
2nd largest employer among its local peers (25 staff).
Among the oldest 25% of its local peers, trading since 2009.
No.1 of the largest production of electricity companies in London →
Competitors London
This company ranks 1 among production of electricity in London.
The class of 2009
39%
of the 341 companies in this sector incorporated in 2009 are still active today; 60% have since been dissolved.
A fact about the year, not a forecast for this company.