Tokipaper Ltd

Tokipaper Ltd is a private limited company registered in England and Wales with the registration number 13102311. Based in London, UK, it’s a small, active company founded four years ago in December 2020. The firm employs just one person and operates from a virtual address, sharing space with over 10,000 other companies at 86-90 Paul Street. It’s led by one director and one owner, Abiose Adewale Olatokunbo.

The company’s website, Mortimer Pip, positions itself as an advisory firm specializing in mortgages, protection, and equity release. It caters to medical professionals and creative workers, offering bespoke advice and regulated services. The website highlights expertise in mortgages, insurance, and equity release options, emphasizing a personalized approach to financial planning. It’s a bit confusing, really, how Tokipaper Ltd is involved, but the website suggests a focus on financial services.

Financially, Tokipaper Ltd’s report paints a concerning picture. Net assets have plummeted to -£4,800, a significant drop from -£2,900 the previous year. Cash reserves have dwindled to just £6, leaving little room for unexpected expenses. Creditors have risen to £4,900, and bank borrowings are at £3,879, indicating a reliance on external funding. The company’s assets are only £140, and depreciation has increased. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s exempt from an audit, so these figures are unaudited.

The sharp decline in equity suggests the company is burning through money, and the increase in debt raises concerns about its long-term sustainability. It’s a bit worrying, to be honest. While the website projects an image of stability and expertise, the underlying financials tell a different story.

Registered in England/Wales under the registration number 13102311, with a registered address at EC2A 4NE, United Kingdom, London, England, 86-90 Paul Street.

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