Minicloud Limited

Minicloud Limited, based in Birmingham, UK, is a small, active company founded six years ago in 2019. Employing just three people, it holds £63,688 in assets and operates from a real address. With one director and owner, Wang Wei, at the helm, the company is a regular exporter, specializing in leather goods, travel bags, and animal harnesses – a trade it's maintained for 59 months, with the most recent shipment in November 2023.

The company’s website, MiniCloud, presents a fascinating, if slightly unusual, business model. It’s essentially a cloud computing platform, offering scalable, redundant, and customizable hosting services. The site boasts features like "phone confirmation" for users in various countries, and a focus on simplicity and affordability. It’s a bit strange, but it seems to be geared towards developers and small businesses looking for a straightforward hosting solution. The website is a bit clunky and not very modern, but it's functional.

Financially, Minicloud Limited is showing some concerning trends. While current assets have decreased by 15% to £64,000, bank borrowings have increased by 200% to £29,000. Equity has also taken a hit, dropping 27% to £23,000. Cash reserves are down 94% to just £420. Trade debtors have increased by 1.6% to £63,000. The company is meeting two of three criteria for being a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of retained earnings is a bit worrying, but the company’s small size allows for agility. The accounts are unaudited, which is common for companies of this size.

It's clear that Minicloud Limited is burning through cash, likely due to the costs of maintaining its cloud platform and marketing its services. Whether this is a temporary setback or a longer-term challenge remains to be seen. The company’s reliance on a single owner and director, Wang Wei, also presents a potential risk, as the business is heavily dependent on his expertise and leadership.

Registered in England/Wales under the registration number 11852680, with a registered address at B29 6TZ, United Kingdom, Birmingham, 26 Boundary View, Selly Oak.

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