Nest Technology Ltd

Nest Technology Ltd, based in London, UK, is a small, active company founded seven years ago in 2018. With just two employees and £39,463 in assets, it’s a solo-founded operation led by a single director and owner. The company boasts a perfect 5.0 Google rating from six reviews, and operates from a real address shared by two other businesses. It’s an irregular importer of electrical machinery and equipment, with just one month of import activity recorded as of May 2021.

The company’s website, NES.TECH, focuses on "DLT Solutions Infrastructure" and offers a range of services including tokenizing assets, managing networks, and creating decentralized markets. It promotes a suite of products like AERIE (for asset management), VOLARY (a utility token), and TOF (a marketplace), all emphasizing security, privacy, and distributed control. The site also highlights a mobile app and desktop portal, suggesting a focus on both individual users and organizational administrators. It's clear they're targeting the Web3 space, offering solutions for identity management and data ownership.

Financially, Nest Technology Ltd shows a mixed picture. Current assets declined by 12% to £39,000, while net assets also dropped 19% to £3,200. Bank borrowings decreased by 17% to £28,000, and cash reserves fell 12% to £32,000. Creditors also decreased by 17% to £28,000, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in equity is something to watch. There’s no auditor mentioned, likely due to the small company status, so the figures are unaudited.

Overall, Nest Technology Ltd appears to be navigating the challenges of a startup in a rapidly evolving technological landscape. While the financials show some strain, the company's focus on innovative solutions and strong online presence suggest potential for future growth—but it's important to see if they can sustain this momentum.

Registered in England/Wales under the registration number 11218635, with a registered address at E6 2EU, England, London, 229 Burges Road.

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