Cron Ai Ltd

Cron Ai Ltd is a small, active company based in London, UK, founded four years ago in 2020. With seven employees and £327,166 in assets, it operates from a real address and is led by one director and three owners. The company is irregular importer of optical and medical tools and devices, with just one month of import activity recorded as of July 2024. It also exports machinery, boilers, and mechanical appliances, with two months of export activity ending in October 2024.

The company's website, senseEDGE, highlights its focus on "unparalleled intelligence from live 3D sensor data." It positions itself as a provider of AI-powered perception software for LiDAR sensors, targeting industries like intelligent transportation, smart spaces, and security. The site emphasizes accuracy, deep learning capabilities, and ease of deployment—hallmarks of a technology-driven business. It has partnered with companies like BlueBand and Lumotive, further bolstering its credibility and reach.

Financially, Cron Ai Ltd shows a mixed picture. Cash reserves have increased dramatically, soaring by 950% to £270,000, a very positive sign. However, net assets have decreased by 52% to -£3,000,000, which is a significant drop. Creditors have also risen sharply, increasing by 61% to £3,400,000, and bank borrowings have increased by 11%, reaching £2,200,000. Trade debtors are stable at £25,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the equity decline and increased debt raise questions about its financial health. There is no auditor mentioned, likely due to its status as a small company.

The dramatic increase in cash reserves suggests a recent influx of funding or a successful sales period. However, the large debt and negative equity indicate that the company is burning through money faster than it’s generating revenue. The company’s focus on high-tech solutions and partnerships suggests a long-term vision, but it will need to manage its finances carefully to survive.

Registered in England/Wales under the registration number 12885423, with a registered address at NW6 3BT, England, London, 4/6 Canfield Place.

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