Cloudbase Trading Ltd

Cloudbase Trading Ltd from Tadley UK: a small, active company founded 16 years ago, holds £26,847 in assets, and operates from a real address with three directors and one owner. It's an irregular importer of toys, games, and sports equipment, with just two months of imports recorded in the last couple of years.

Based at Membury Airfield near Hungerford, Berkshire, Cloudbase Trading Ltd runs a paragliding school, Cloudbase Paragliding, offering training from introductory flights to advanced cross-country courses. The school’s website highlights its history, dating back to 1989, and its focus on providing quality instruction and equipment. It’s a well-established operation, catering to enthusiasts of all levels, and even offers services like disaster recovery for damaged pianos—a surprising, related venture.

Financially, Cloudbase Trading Ltd is showing some concerning trends. Current assets have fallen by 48%, dropping to £27,000, while net assets have plummeted 170%, resulting in a negative balance of -£12,000. Bank borrowings have decreased by 36%, reaching £14,000, and cash reserves have fallen by a significant 67%, leaving just £13,000 available. Creditors have increased by 6.7%, and the company reported no employees. As a small company meeting two of three conditions (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), it’s likely exempt from an audit, so the figures are unaudited.

The sharp decline in equity and cash reserves suggests the company may be burning through money, although the decrease in bank borrowings is a positive sign. The diversification into piano restoration, while potentially lucrative, may also be stretching resources. It's a small business facing some challenges, but its long history and focus on quality could help it weather the storm.

Registered in England/Wales under the registration number 06888016, with a registered address at RG27 8LJ, England, Hook, Hampshire, Moneys Farm, Mattingley.

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