Boab Limited

Boab Ltd from Bourton-On-The-Water UK: a small, active company founded 21 years ago, is currently two months overdue on its confirmation. Employing just two people, the company holds £57,522 in assets and is managed by two directors, with one solo founder, Simons Christopher Nigel. It’s a regular importer of various textile products, sets, used clothing, and rags (15 months imported), with the last import operation occurring in July 2023. It also engages in irregular exporting of miscellaneous metal items (1 month exported), the last time being in May 2017.

Boab Limited operates in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles industries. It appears to be a small-scale operation, meeting two of the three criteria for a small company: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company’s address is a real address as only three companies are registered there.

A review of Boab Ltd’s financial data reveals some concerning trends. Accumulated depreciation has decreased significantly, with furniture fittings down 80%, motor vehicles completely written off, and plant machinery experiencing a 31% reduction. The number of employees has also dropped by 50%, from two to one. Cash bank on hand has increased by a respectable 96%, to £13,000, but creditors have risen by 45%, to £29,000. Trade debtors have fallen by a considerable 56%, and equity has plummeted 44%, to £34,000. The company's net assets liabilities have also decreased by 43%.

These figures suggest that Boab Ltd may be facing financial pressures. While the increase in cash is positive, the rise in creditors and the decline in equity are worrying signs. It’s possible that the company is struggling to generate sufficient revenue to cover its expenses. The decrease in employees could be a cost-cutting measure, or it could reflect a slowdown in business activity. The lack of an auditor mentioned, likely due to its small size, means these figures are unaudited.

Overall, Boab Ltd appears to be a small company facing some financial challenges. Whether it can overcome these challenges and continue to operate successfully remains to be seen.

Registered in England/Wales under the registration number 05025675, with a registered address at GL54 2DT, United Kingdom, Bourton-On-The-Water, Gloucestershire, Cricket Bungalow, Rissington Road.

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