CRYPTON DIGITAL ASSETS LIMITED

Risk Rating: HIGH The company is currently in Liquidation and exhibits severe insolvency, with net liabilities of £1.29 million and negative shareholders' funds of £2.28 million as of January 2022. Cash reserves have been entirely depleted, and current liabilities vastly exceed current assets, indicating a total inability to meet financial obligations.

Key Concerns: * Insolvency and Liquidation Status: The company's status is confirmed as "Liquidation." The financial statements from January 2022 already showed deeply negative net assets (£-1,295,223) and negative shareholders' funds (£-2,287,619), confirming the company was balance-sheet insolvent long before the latest filing period. * Severe Liquidity Crisis: As of January 31, 2022, the company held zero cash (down from £30,319 the prior year), while current liabilities totaled £1,968,908. The net current liabilities stood at £-1,264,988, demonstrating a complete lack of working capital to cover short-term debts. * Regulatory and Filing Non-Compliance: Both the annual accounts and the confirmation statement are overdue. This suggests administrative breakdown, which is common in insolvency scenarios but poses risks regarding the transparency of the liquidation process.

Positive Indicators: * Potential Asset Recovery: The balance sheet lists £583,424 in debtors and £120,496 in current asset investments. Depending on their realizable value, these assets may provide some recovery for creditors during the liquidation process. * Historical Filings: The company filed "Total Exemption Full" accounts up to January 2022, providing visibility into the scale of the financial collapse rather than the company simply dissolving with no financial trace.

Due Diligence Notes: * Liquidation Details: Investigate the exact nature of the liquidation (e.g., Creditors' Voluntary Liquidation vs. Compulsory Liquidation) and identify the appointed insolvency practitioner to understand the timeline and prospects for creditor recovery. * Registered Office Discrepancy: The company overview lists the registered address in Gosforth, Newcastle, but the filed accounts text list the registered office in Borehamwood, Hertfordshire. Verify the correct address and the timing of any recent address changes. * Asset Realizability: Examine the nature of the £583,424 owed by group undertakings and other debtors, as well as the £120,496 in current asset investments. Inter-company debts and digital asset investments often suffer from poor recovery rates in liquidation. * PSC Discrepancy: Neil Joseph Staunton is listed twice in the PSC register with overlapping ownership/voting rights (50-75% and 25-50%). This filing error or ambiguity should be clarified to understand the true control structure. * Business Pivot: The company changed its name from SUPERSALES LIMITED in 2018 and appears to have pivoted to digital asset liquidity and AI. Investigate the operational history to determine if the business model was fundamentally flawed or if external factors (e.g., crypto market volatility) triggered the rapid accumulation of trade creditors and losses seen between 2020 and 2022.