Cube Direct Ltd

Cube Direct Ltd, based in Wellington, UK, is a small, active company founded three years ago. Employing just three people, it holds £310,974 in assets and operates an e-commerce site, regularly importing wood and wood products—the latest shipment arriving in February 2025. The company’s registered address is real, with only two other businesses sharing the same location. It’s managed by three directors, with Ward Amanda Jane as the sole owner.

Cube Direct specializes in the wholesale of household goods, offering a wide range of products including ceramics, drinking glasses, and kitchen textiles. The company’s website highlights its position as a “UK’s only genuinely FOB supplier,” emphasizing direct sourcing from Far East manufacturers. It even offers bespoke design services, catering to individual customer needs. The site is well-stocked with products, and has a lot of content.

Financially, Cube Direct Ltd presents a mixed picture. While cash bank on hand increased by a healthy 70% to £180,000, current assets decreased by 35% to £310,000. Trade debtors fell by a significant 66%, which could be a good thing, but net losses deepened. Bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. Creditors decreased by 18%, suggesting better debt management. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible. The company is exempt from audit, so the numbers are unaudited.

The increase in bank borrowings and the deepening losses suggest Cube Direct might be facing some financial pressure, but the growth in cash reserves shows it's still managing. The company’s focus on direct sourcing and bespoke design could be key to its long-term success, but it will need to keep a close eye on its expenses.

Registered in England/Wales under the registration number 13834733, with a registered address at TA21 9AD, United Kingdom, Wellington, Somerset, Unit 1p Westpark 26, Chelston.

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