Smart Audio Technologies Ltd

Smart Audio Technologies Ltd, based in London, UK, is a small, active company founded seven years ago in 2017. The company holds £518,184 in assets and operates from a virtual address, a detail worth noting given that 28,636 other companies are registered at the same location. It’s a solo-founded operation with three directors and one owner, Chintala Sandeep, and runs an e-commerce site. The company is an irregular importer, primarily dealing with electrical machinery and equipment, with just one month of import activity recorded back in June 2022.

The company’s website, Smart Audio Technologies, focuses on “crystal-clear voice in noisy environments,” offering a product called SmartMute, an AI-based noise elimination technology. It positions itself as a startup gaining recognition, having been featured in Startup Magazine and chosen for various accelerator programs. The site highlights partnerships and even boasts awards, suggesting ambition beyond its small size. It's clear they're trying to make a big impact.

Financially, Smart Audio Technologies Ltd shows a mixed picture. While current assets increased by 58% to £520,000, net assets actually decreased by 7.2% to -£39,000. Bank borrowings increased significantly, and cash reserves fell dramatically, indicating a possible cash flow challenge. Creditors also increased, suggesting a reliance on external financing. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The accounts are abridged and unaudited, and no auditor is mentioned.

Overall, Smart Audio Technologies Ltd appears to be a startup burning through cash while pursuing ambitious growth. Its focus on innovative technology and partnerships suggests potential, but the declining equity and cash reserves raise concerns. Whether the company can sustain its momentum remains to be seen—but they’re certainly aiming high.

Registered in England/Wales under the registration number 11088278, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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