Snapify Ltd.

Snapify Ltd, hailing from London, UK, is a small, active company established a decade ago in 2014. It's a lean operation with just one employee and £42,287 in assets, operating from a virtual address shared by many other companies – a bit suspicious, really. The company is managed by three directors and has one owner, Vu Phong.

Snapify Ltd’s core business revolves around importing and exporting optical and medical tools and devices, though activity has been irregular, with just one month of imports and one month of exports recorded in the past two years. It’s also involved in business and domestic software development, as indicated on its website. The website, Snaptivity, showcases an innovative technology for fan engagement at live sporting events. It uses AI-controlled robotic cameras to capture candid fan reactions, offering a unique sponsorship activation solution. The website details a system that identifies, measures, and captures emotional spikes at live events, triggering robotic cameras to capture fan moments for sharing and branding opportunities. It's a clever idea, really.

Financially, Snapify Ltd presents a mixed picture. Current assets have decreased by 8%, dropping to £42,000, while net assets have fallen by 2%, settling at -£49,000. Bank borrowings have increased significantly, reaching £23,000, and cash reserves have dwindled to just £950. Creditors have also risen, reaching £91,000. The company's small size (meeting two of three criteria for a small company) allows for agility, but the decline in equity is a cause for concern. The lack of an auditor, likely due to its small size, means these figures are unaudited.

Overall, Snapify Ltd seems to be burning through cash, relying on its innovative technology to generate revenue. It’s a high-risk, high-reward strategy, and whether it can sustain itself long-term remains to be seen.

Registered in England/Wales under the registration number 09164962, with a registered address at N1 7GU, England, London, 20 Wenlock Road.

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