Peerbyte Ltd

Peerbyte Ltd, based in Shoreham-By-Sea, UK, is a small holding company with an active status, established four years ago. The company employs 18 people and holds £537,580 in assets, operating from a virtual address shared by seventeen other companies. It’s led by one director and one owner, and regularly imports electrical machinery and equipment (four months of activity), though exports are less frequent (one month).

The company’s website, Peerbyte, focuses on enabling the next generation of clean mobility. It’s developing Peerium technology, a modular operating system for electric vehicles, hybrids, and even fully autonomous vehicles. Peerbyte offers three solutions: the Peerium operating system, range extension kits, and a full development framework for propulsion system design. The website emphasizes its UK and Switzerland-based engineering team and its world-first technology.

Financially, Peerbyte Ltd presents a mixed picture. While current assets decreased by 6.1% to £540,000, net assets declined by a significant 54% to -£4.8 million. Bank borrowings increased by 43%, reaching £5.4 million, and cash reserves dropped 22% to £91,000. Creditors also rose, suggesting a need for careful 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 flexibility, but the substantial equity deficit is a concern. There’s no mention of an auditor, likely due to its status as a small company.

The company’s financial situation suggests it’s burning through cash, likely due to the investment in its innovative technology. While the clean mobility market holds immense potential, Peerbyte’s ability to secure funding and achieve profitability will be crucial for its long-term survival.

Registered in England/Wales under the registration number 13166566, with a registered address at BN43 5EG, United Kingdom, Shoreham-By-Sea, West Sussex, Basepoint Business Centre, C/O Time Accounts, Little High Street.

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