Cryptio Ltd

Cryptio Ltd, based in London, UK, is a small, active company founded two years ago. With nineteen employees and £847,840 in assets, it operates from a virtual address – a detail worth noting as sixty-five companies share the same location. The company has two directors and one owner, Scalia Antoine, and is classified as an irregular importer, primarily dealing in headgear and accessories with just one month of imports recorded recently.

The company’s website reveals a sophisticated business model focused on providing accounting and tax solutions for digital assets. It caters to a range of clients, including banks, exchanges, stablecoin projects, and even public sector organizations, offering services like loan management, reconciliation, and internal controls. The site highlights integrations with various blockchain technologies and emphasizes compliance with industry standards like GAAP and IFRS. It's not an e-commerce operation; instead, it's a software-as-a-service (SaaS) provider, selling subscriptions to its accounting platform.

Financially, Cryptio Ltd’s recent report shows a concerning trend. While cash reserves remain at £200,000, net assets are a negative £210,000. Bank borrowings have reached £930,000, and trade debtors are at £620,000. Creditors are at £1,100,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the negative equity and high borrowings suggest a need for careful financial management. As a small company, it is exempt from an audit, so the reported figures are unaudited. The company’s reliance on external funding, as indicated by the high borrowings, could be a risk factor if revenue growth doesn's keep pace.

Registered in England/Wales under the registration number 14457627, with a registered address at NW4 4QE, United Kingdom, London, Wilberforce House, Station Road.

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