Cabinat Limited

Cabinat Ltd from London UK: a small company with an active status, was founded eleven years ago in 2013. It employs just two people and holds £565,358 in assets, operating from a virtual address. The business is led by one director and owned by a solo founder, Lee Hyun Jeong. Cabinat Ltd regularly imports clothing and accessories that aren's knitted or crocheted, with four months of import activity recorded. Conversely, it exports clothing and accessories made by knitting or crocheting, boasting a substantial 132 months of export activity.

The company's website, Cabinet Sharing, focuses on file transfer and storage solutions for mobile devices. It offers a cross-platform app designed to simplify sharing files and media, boasting features like high-speed transfer, secure encryption, and compatibility with both Android and iOS devices. The site emphasizes cost savings compared to cloud storage and file transfer services, targeting students, business owners, and private citizens.

Financially, Cabinat Ltd's recent report reveals some concerning trends. While current assets increased slightly to £570,000, net assets plummeted 250% to -£300,000, a significant downturn. Bank borrowings rose sharply, and cash reserves have fallen dramatically, dropping 96% to a mere £7,900. Creditors have also increased substantially, suggesting a greater reliance on external financing. The company's small size (meeting two of three conditions for a small company) allows for agility, but the sharp decline in equity raises questions about its long-term viability. There's no auditor mentioned, which is common for small companies. The company's director, Lee Hyun Jeong, seems to be handling all aspects of the business. The sudden shift in financial health could be a result of increased competition in the file sharing market or changes in the company's operational strategy.

Registered in England/Wales under the registration number 08781713, with a registered address at NW1 3ER, United Kingdom, London, Acre House, 11/15 William Road.

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