Karaboo Limited

Karaboo Limited is a small, active holding company based in Droitwich, UK, established nine years ago in June 2015. The company, with a single employee and £33,250 in assets, operates from a virtual address shared by 602 other companies, a bit unusual. It’s managed by one director, Amanda Greenfield, and owned by Launch Ltd. The company’s primary activity is wholesale of household goods (other than musical instruments), and it regularly imports toys, games, and sports equipment, with the last import recorded four months ago in September 2021.

The company’s website is minimal, offering little insight beyond basic contact information. It’s unclear whether Karaboo Limited has a dedicated e-commerce presence or primarily operates as a wholesale supplier to other businesses. The lack of a robust online presence suggests a focus on business-to-business transactions rather than direct consumer sales.

Financially, Karaboo Limited is showing signs of distress. Current assets have plummeted by a staggering 90%, dropping from £320,000 to just £33,000. Cash reserves have also taken a severe hit, falling 90% to £28,000. Bank borrowings have increased significantly, reaching £29,000, and creditors have also decreased sharply. Equity has declined by 65%, leaving the company with just £3,900. While the decrease in creditors is a positive sign, the overall trend points to a company struggling to maintain its financial footing. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the significant decline in equity is concerning. The financial statements are unaudited, relying on director-reported data. Ormerod Rutter Limited served as the company’s auditor.

In conclusion, Karaboo Limited appears to be facing financial headwinds despite its active status and established import activities. The company’s reliance on a virtual address and limited online presence suggests a lean operation, but the recent financial downturn raises questions about its long-term viability.

Registered in England/Wales under the registration number 09643372, with a registered address at WR9 9AY, United Kingdom, Droitwich, Worcestershire, The Oakley, Kidderminster Road.

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