Karsan Holdings Ltd

Karsan Holdings Ltd is a small, active company based in Bolton, UK, founded twelve years ago in 2012. With six employees and £2,185,281 in assets, it operates from a real address and is managed by one director and one owner. The company is an irregular importer, primarily dealing in electrical machinery and equipment, with its last import activity recorded eleven months ago in November 2021.

The company’s website, karsanholdings.com, presents a curious picture. It’s a cryptocurrency investment platform promising “Luxury Investment Profit” and “Bank Level Security.” The site offers various investment plans, ranging from a minimum deposit of $50 USD to $10,000,000 USD, with returns promised within hours or days. The site aggressively promotes affiliate marketing, encouraging users to invite friends and family to earn commissions. It even boasts a “Business” section dedicated to cryptocurrencies, bitcoin trading, and mining, claiming to offer “outstanding technology” and a “powerful system” for profit. The site also mentions a UK-registered company and COMODO SSL encryption, assuring users of security.

Financially, Karsan Holdings Ltd is showing concerning trends. Current assets have decreased by 28% to £2,200,000, while net assets have fallen 13% to £1,900,000. Cash reserves have plummeted 82% to just £11,000, and bank borrowings have increased significantly. Creditors have also seen a substantial decline, suggesting potential cash flow issues. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s exempt from a full audit, so the figures are unaudited.

The company’s rapid decline in cash reserves, coupled with its reliance on cryptocurrency investments—a volatile and risky market—raises serious questions about its long-term viability. The aggressive marketing tactics and promises of high returns should be viewed with caution. While the company has a real address and is registered in the UK, the financial data suggests it’s burning through money at an alarming rate.

Registered in England/Wales under the registration number 08320075, with a registered address at BL1 2EH, Bolton, Lancashire, The Chinese Buffet 1st Floor, 32 Bridge Street.

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