{"name":"PAVEGEN SYSTEMS LTD","company_number":"06980029","status":"In Administration","type":"Private Limited Company","incorporated":"2009-08-04","dissolved":null,"registered_office":"68 Hanbury Street, London, England, E1 5JL","postcode":"E1 5JL","sic_codes":[{"code":35110,"description":"Production of electricity"}],"principal_activity":"The principal activity of the company in the period under review was that of designing, developing and manufacturing of patented floor tile technology","previous_names":[],"warnings":["The annual accounts for this company are overdue."],"accounts":{"category":"Total Exemption Full","year_end":"26 December","last_made_up_to":"2024-12-26","next_due":"2026-09-26"},"employees":{"count":25,"accounts_date":"2024-12-26"},"financials":[{"financial_date":"2024-12-26","net_assets":316685,"cash":204372,"average_employees":25},{"financial_date":"2023-12-31","net_assets":501431,"cash":456002,"average_employees":27},{"financial_date":"2022-12-31","net_assets":996769,"cash":336726},{"financial_date":"2021-12-31","net_assets":1478916,"cash":1459433},{"financial_date":"2020-12-31","net_assets":1515528,"cash":2005414}],"officers":{"current":6,"resigned":4,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":0,"outstanding":0},"gazette_notices":[{"date":"2026-10-05","kind":"other"}],"insolvency_outcome":null,"ai_summary":"Pavegen Systems Ltd represents a classic case of a UK deep-tech cleantech pioneer that developed innovative, patented kinetic energy harvesting technology but failed to achieve commercial scale or profitability despite raising over £11M in equity capital. The company's financial trajectory—marked by persistent losses, asset erosion, and eventual entry into administration—reflects broader challenges in the UK's early-stage hardware and renewable energy sector, where long R&D cycles, capital intensity, and uncertain product-market fit frequently outpace investor patience. While the technology and brand remain potentially valuable, the administration status means Pavegen's future now depends on whether a buyer or restructuring plan can salvage value from its IP and pipeline.","website":"https://www.pavegen.com","links":{"page":"https://www.companiesintheuk.co.uk/ltd/pavegen-systems","people":"https://www.companiesintheuk.co.uk/company/pavegen-systems/people","filing_history":"https://www.companiesintheuk.co.uk/company/pavegen-systems/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/06980029","financials":"https://www.companiesintheuk.co.uk/company/pavegen-systems/financial","gazette":"https://www.companiesintheuk.co.uk/company/pavegen-systems/gazette","control":"https://www.companiesintheuk.co.uk/company/pavegen-systems/control","charges":"https://www.companiesintheuk.co.uk/company/pavegen-systems/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/pavegen-systems/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/pavegen-systems"}