Creo International Ltd

Creo International Ltd is a small, active company based in Llanelli, Wales, UK, founded five years ago in January 2020. With two employees and £26,790 in assets, it operates from a virtual address shared by twenty-one other companies – a bit unusual, really. The company is led by two directors and has one owner, Wakefield Colin Richard, who is also the solo founder. They regularly import electrical machinery and equipment, with three months of import activity recorded as of March 2023.

Creo International’s core business revolves around hydrogen power systems and building technologies. Their website showcases a range of products, from ICF block systems and hydrogen tanks to complete renewable hydrogen power solutions. They emphasize building sustainable futures with global expertise and end-to-end services, even boasting a UK demonstration trial researching in-house green hydrogen production. It’s a pretty ambitious scope, really, aiming to build a carbon-neutral future.

Financially, Creo International Ltd has experienced some challenges. Current assets have plummeted by 68%, dropping to £27,000, while net assets have also decreased significantly, falling 5.6% to -£470,000. Cash reserves have suffered a dramatic 100% drop, leaving just £5 on hand. Bank borrowings have increased slightly, reaching £210. While creditors have also decreased by 7.1%, it’s the sharp decline in cash that’s most concerning. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the financial pressures are evident. There's no auditor mentioned, so the figures are unaudited.

It seems Creo International is burning through money, likely a consequence of its ambitious projects and startup phase. Whether they can secure funding or achieve profitability remains to be seen, but their focus on hydrogen technology and sustainable building could be a key differentiator in the long run.

Registered in England/Wales under the registration number 12435566, with a registered address at SA15 1AQ, Wales, Llanelli, 19 Murray Street.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.