Nchain Uk Limited

Nchain Uk Limited, based in London, is a holding company with an active status, having been incorporated nine years ago in October 2015. The company employs 109 people and holds assets valued at £39,154,190. It’s registered at a real address shared by only two other companies, indicating a likely genuine business location. A single director and owner oversee operations, with the director role having changed four months ago—a potentially positive sign. The company irregularly imports and exports machinery, boilers, and mechanical appliances; parts, with recent activity recorded in 2022.

The company's website showcases nChain AG, emphasizing blockchain-based capabilities for enterprise organizations. It offers commercial blockchain and IT products and services, and highlights a focus on research and engineering. The website also promotes a partnership with Block Dojo Investments Limited.

Financially, Nchain Uk Limited’s numbers present a mixed picture. While current assets increased by 63% to £39,000,000, net assets declined by 12% to £4,400,000. Cash bank on hand increased significantly by 260% to £4,000,000. However, net losses widened by 30% to -£9,500,000, and net current liabilities increased dramatically by 1900% to -£22,000,000. Trade debtors decreased by 49%, and bank borrowings decreased by 68%. The company’s political donations, amounting to £70,000 in 2023, are also noteworthy. The company's auditor is BKL Audit LLP.

The significant increase in liabilities suggests Nchain Uk Limited may be burning through cash, despite the growth in assets. The reliance on shareholder support, as mentioned in the financial statements, is a key factor to watch. The company's focus on blockchain technology and its partnerships, however, indicate a potential for future growth—but managing its financial position will be crucial.

Registered in England/Wales under the registration number 09823112, with a registered address at W1W 8AP, England, London, 28-30 Market Place.

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