Cubeplug Ltd

Cubeplug Ltd is a small, active holding company based in Farnham, UK, founded seven years ago in 2017. The company employs just one person and holds £67,432 in assets. It operates from a virtual address, registered at 7a Abbey Business Park, Monks Walk, a location shared by 126 other companies, which raises questions. The business is managed by one director, Du Hongfei, and owned by Cube Chase Ltd. Cubeplug Ltd primarily engages in retail sales via mail order houses or via the internet.

The company’s core activity involves importing machinery, boilers, and mechanical appliances; parts, though it’s an irregular importer with only two months of import activity recorded, the last being in March 2019. It's a holding company, suggesting it may own or control other businesses, though details are scarce.

Financially, Cubeplug Ltd presents a mixed picture. Current assets have fallen significantly, dropping 60% to £67,000, while net assets also declined by 55% to -£11,000. Cash bank on hand has increased by a remarkable 440%, reaching £1,400, which is a positive sign. However, creditors have decreased by 58%, and bank borrowings are at £84,000. The company's small size—meeting two of three conditions for a small company—helps it remain agile, but the decline in equity is concerning. The company is exempt from an audit as a small company.

The sharp decrease in assets and equity suggests Cubeplug Ltd may be burning through cash, or perhaps facing challenges in managing its working capital. The increase in cash, however, indicates some improvement in liquidity, or perhaps a one-off event. It’s worth noting that the company's financial instruments policy is to recognise financial assets and liabilities at amortised cost.

Registered in England/Wales under the registration number 10919560, with a registered address at GU9 8HT, United Kingdom, Farnham, Surrey, 7a Abbey Business Park, Monks Walk.

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