Avarch Ltd

Avarch Ltd, based in Tottenham Hale, UK, is a small, active company founded six years ago. It operates with a single employee and holds £691 in assets, utilizing a virtual address. The company is led by one director and owned by Aydemir Seckin, who also acts as the solo founder. It boasts a stellar 5.0 Google rating from one review.

The company’s website reveals a fascinating, if somewhat unexpected, focus. While officially operating in floor and wall covering, wholesale furniture, carpets, and lighting, and retail sales, Avarch’s primary online presence revolves around Ethereum technology, blockchain development, and fostering a community of developers. The site features extensive resources, tutorials, and explanations related to Ethereum, blockchain projects, and associated technologies. It lists partnerships with several universities and research institutions, suggesting a focus on education and innovation within the blockchain space. The site’s content is geared towards a technical audience, with detailed explanations of complex concepts and links to various blockchain tools and resources. It’s a clear departure from the company’s registered business activities.

Financially, Avarch Ltd’s situation appears precarious. Current assets have plummeted 95%, dropping to just £690, while net assets have sunk to -£9,500. Bank borrowings decreased slightly, but cash reserves have evaporated, falling 82% to a mere £460. Trade debtors have also significantly decreased, and creditors have fallen, suggesting some improvement in debt management. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the dramatic decline in equity raises concerns. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

Overall, Avarch Ltd seems to be burning through cash. While its online presence indicates a shift towards blockchain technology and community development, the financial data suggests a company struggling to sustain itself. Whether this is a temporary phase or a longer-term challenge remains to be seen—but the company’s future hinges on its ability to monetize its blockchain expertise.

Registered in England/Wales under the registration number 11713740, with a registered address at N17 9LJ, United Kingdom, Tottenham Hale, London, Unit 3b Berol House, 25 Ashley Road.

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