Coral Innovations Ltd

Coral Innovations Ltd, based in London, UK, is a small, active company founded five years ago. With four employees and £4.3 million in assets, it operates from a virtual address—a detail flagged by the presence of 7,681 other companies registered at the same location. The company is led by four directors, including Safavi Gyve, who also serves as the sole owner.

The company's core business revolves around water cleanup solutions, as evidenced by its website. Coral Innovations focuses on using nanotechnology to remediate various water pollutants, including oil spills, storm water, and industrial wastewater. They offer products like the OleoSorb Sponge, which absorbs oil and can be reused, and NanoMedia, a filtration media for heavy metals and phosphates. The website highlights partnerships with leading authorities and emphasizes a mission to play a pivotal role in the global fight against climate change.

Financially, Coral Innovations Ltd presents a mixed picture. While cash bank holdings increased significantly by 93% to £2.5 million, current assets decreased by 13% to £4.3 million. Trade debtors have risen dramatically by 450% to £710,000, which could indicate difficulties in collecting payments. Creditors, however, have soared by 860% to £3.2 million, suggesting increased reliance on short-term financing. Equity has also declined by 25% to -£1.5 million, a concerning trend. The company’s small size—meeting two of three conditions for a small company—helps it remain agile, but the substantial increase in debt and the negative equity warrant closer scrutiny. The accounts are unaudited, a common exemption for small companies, and rely on director-reported data.

Registered in England/Wales under the registration number 12494055, with a registered address at W1W 7LT, England, London, 85 Great Portland Street, First Floor.

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