Cyprium Ltd

Cyprium Ltd, based in Diss, UK, is a small, active company established 23 years ago in 2002. With 36 employees and £2,083,624 in assets, it operates from a real address and is led by a single director and owner. The company regularly imports electrical machinery and equipment – 4 months of import activity recorded – and exports it, with a more substantial 75-month history of exports. It’s a bit of a shame that the address is only registered to one company.

The company’s website reveals a fascinating dual identity. Cyprium Metals Limited is building an Australian copper company, focusing on redeveloping the Nifty Copper Mine in Western Australia. It’s a significant operation, boasting a mineral resource estimate of 1,038,000 tonnes of copper and a mineral inventory of 91,000 tonnes. The website details projects in the Murchison and Paterson regions, investor information, and even videos of webinars. It's quite impressive, really.

Financially, Cyprium Ltd shows some concerning trends. Cash bank on hand has dropped significantly, a 59% decrease to £490,000. Current assets have also fallen by 21%, down to £2,100,000. Trade debtors have increased by 31%, reaching £870,000, which could indicate difficulties collecting payments. Equity has decreased, although not drastically, by 28% to £1,800,000. The company is exempt from an audit, so the figures are unaudited.

While the Australian copper venture seems robust, the UK company’s financials suggest it’s burning through money. The decrease in cash and assets, combined with rising debts, points to a challenging period. It’s possible that the UK operations are supporting the Australian venture, but the current trajectory isn’s sustainable. It would be nice to see a bit more detail on the company’s turnover, but that’s not available.

Registered in England/Wales under the registration number 04417742, with a registered address at IP22 1RZ, Diss, Norfolk, Units 3a-D Redgrave Business, Centre Redgrave.

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