Eterna Capital Limited

Eterna Capital Limited is a small, active company based in London, UK, founded seven years ago in 2018. It employs four people and holds £475,732 in assets. The company’s registered address is a virtual one, shared by seventy-eight other businesses, which raises some questions. It has three directors, but no owners are reported, which is a bit unusual. Eterna Capital imports optical and medical tools and devices, although its import activity has been irregular, with the last recorded import dating back to September 2020.

The company's website reveals a different story entirely. Eterna Capital positions itself as a venture capital firm investing in Web3 technologies, backing startups like Kraken, Bluesky, and Space and Time. It actively promotes its portfolio companies and encourages visitors to subscribe to its mailing list. The focus is clearly on identifying and nurturing innovative projects within the blockchain and decentralized web space. It's a bit of a contrast to the import business described in the company filings.

Financially, Eterna Capital Limited shows a concerning trend. Cash reserves have fallen by 23% to £480,000, and net assets have plummeted 19% to £520,000. While creditors have decreased slightly, the significant drop in cash and the negative retained earnings (-£57,000) suggest the company is burning through money. Trade debtors remain steady, but the lack of employee growth (down 25% to three) could be a sign of cost-cutting measures. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, which is standard for small, exempt companies.

Overall, Eterna Capital Limited appears to be a venture capital firm with a small operational base. While its Web3 investments show promise, the recent financial results raise concerns about its sustainability. The company’s reliance on external funding and the lack of a clear revenue stream could pose challenges in the long run.

Registered in England/Wales under the registration number 11236364, with a registered address at W1W 5PF, United Kingdom, London, 5th Floor 167-169 Great Portland Street.

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