Kadmos Ltd

Kadmos Ltd is a private limited company registered in England/Wales with the registration number 11225184. The company was founded seven years ago on February 26, 2018, and registered at W11 2BX, United Kingdom, London, 41 Colville Terrace, Flat 4. The address is probably real as only one company registered at the same address. Its status is active. The company operates in the financial management industries. Officially, it has one owner or PSCs, one director and no number of employees published.

The company’s website reveals a more detailed picture. Kadmos is revolutionizing salary payments for migrant workers, particularly seafarers, offering a modern financial experience. It provides a web app for employers to automate payroll, a mobile app for employees to manage their money, and a global debit card for easy spending and withdrawals. The company has recently raised over £29 million in Series A funding, indicating strong investor confidence. It's clear that Kadmos is focused on building a tech-driven solution for cross-border salary payments, targeting both employers and employees in the shipping industry.

Financially, Kadmos Ltd presents a mixed picture. Current assets have plummeted by a significant 96%, dropping to just £48, while net assets have also decreased substantially, reaching -£11,000. Cash reserves are down 82%, sitting at just £29. Debtor amounts have also seen a dramatic decrease, and creditors have increased slightly. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it likely benefits from reduced regulatory burdens, but the sharp decline in equity raises concerns about its financial health. The accounts are unaudited, and the company is exempt from an audit, relying on director-reported data.

It seems Kadmos is burning through cash rapidly as it invests in its technology and expands its operations. While the recent funding round provides a cushion, the company will need to demonstrate sustainable growth and profitability to avoid further financial strain. The reliance on a single director and owner, Kesrouani Remy, could also present a management risk if he were to leave the company.

Registered in England/Wales under the registration number 11225184, with a registered address at W11 2BX, United Kingdom, London, 41 Colville Terrace, Flat 4.

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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