Etha Solutions Ltd

Etha Wind Network, based in London, UK, is a small, active company founded four years ago. With a single employee and £6,645 in assets, it operates from a virtual address shared by 715 other companies. The company is led by a solo founder and director, Sahin Ilkan.

The company’s website, Etha Wind Network, currently displays a message stating "Rekisteritymist ei tll hetkell sallita" – indicating registration is temporarily not allowed. This suggests a pause or change in the company’s activities, possibly related to the website’s functionality. While the site’s purpose isn’t immediately clear, it doesn't appear to be an active e-commerce platform.

Financially, Etha Wind Network presents a mixed picture. While cash on hand increased by 28% to £1,400, net assets and equity both experienced significant declines, dropping 80% and 32% respectively, to £13 and £110. Creditors increased by 48%, reaching £6,500, and taxation and social security payable rose by a substantial 64%, to £5,600. Trade debtors also increased by 50%, reaching £5,300. Despite these challenges, debtors remained constant, at £3,600. The company’s small size—meeting two of three conditions for a small company—allows for flexibility, but the decrease in equity raises concerns. The accounts are unaudited and filed as “Filleted Accounts,” which is common for small companies.

Overall, Etha Wind Network appears to be facing financial headwinds. While it maintains a small cash reserve, the decline in equity and increase in liabilities suggest it's burning through money. The temporary website shutdown adds another layer of uncertainty to the company’s current situation.

Registered in England/Wales under the registration number 12991009, with a registered address at N5 2ER, United Kingdom, London, Office 403, Screenworks 22 Highbury Grove.

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