Cronus Tech Ltd

Cronus Tech Ltd is a small, active company based in London, UK, founded five years ago in July 2019. The company, with a real address and just one director and owner, Turan Ugur, currently employs a single person and holds £19,825 in assets. Accounts are overdue by 16 days, and the confirmation statement is nine months behind, which is not ideal. It operates in several industries, including retail via mail order, publishing computer games, software development, and IT consultancy.

The company’s website is currently unavailable, making it difficult to assess its online presence and e-commerce activities. Without a functional website, it’s hard to determine the extent of its online sales or marketing efforts.

Financially, Cronus Tech Ltd presents a mixed picture. While bank borrowings remain steady at £26,000, cash reserves have increased by a healthy 79% to £20,000. However, net assets have improved by 51% to -£6,200, indicating that the company is still operating at a loss, although less so than previously. Creditors have remained stable, and debtors are unchanged. The company’s small size—meeting two of three conditions for being classified as small—helps it maintain agility, but the negative equity suggests it's burning through cash. The lack of an auditor mentioned is common for small companies, and the accounts are unaudited. It's a bit strange that the company is still operating with such a small amount of cash.

Registered in England/Wales under the registration number 12089219, with a registered address at E14 3SP, England, London, Flat 52, Galaxy Building, 5 Crews Street.

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