Myboba Ltd

Myboba Ltd is a small, active company based in London, UK, founded three years ago in 2022. It employs two people and holds £4,570 in assets. The company operates in the retail sale via mail order houses or via internet industries. Officially, it has two owners and two directors.

The company’s website, Bubble Tea Supply, positions itself as a wholesale supplier of bubble tea ingredients from a factory in Taiwan. It offers a wide range of products, including tapioca pearls, tea, syrups, and even offers assistance with franchise creation, including logo design and branding. The site emphasizes high-quality products, SGS reports, and experience exporting to Europe and the USA. It’s a comprehensive offering for anyone looking to start or expand a bubble tea business.

Financially, Myboba Ltd presents a mixed picture. Current assets have dropped significantly, falling 74% to just £4,600. Bank cash has also declined by 30%, down to £4,600. Creditors have increased by 26%, reaching £25,000, and other creditors have decreased by 33%, to £10,000. Equity has plummeted by a staggering 900%, resulting in a net asset position of -£20,000. Despite these challenges, trade debtors have remained stable. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the sharp decline in equity is concerning. With no auditor mentioned, the figures are unaudited.

Overall, Myboba Ltd appears to be facing financial difficulties, likely burning through cash. While its wholesale bubble tea business shows promise, the company needs to address its declining equity and manage its liabilities to ensure long-term sustainability.

Registered in England/Wales under the registration number 14019624, with a registered address at SE28 0AX, England, London, Doric Centre, Unit 1, 8 Kellner Road.

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