Sabah Shoes Limited

Sabah Shoes Ltd, based in London UK, is a small, active company founded six years ago. With a single employee and £190,756 in assets, it operates from a real address and is led by one director and owner. Boasting a perfect 5.0 Google rating from 28 reviews, the company is a regular importer of footwear and related items, with its last import operation recorded in July 2024.

The company’s website, while not fully detailed, suggests a retail focus, operating within the specialised retail of footwear. It’s unclear if the company has an e-commerce presence, but its focus on importing suggests a potential wholesale or supply chain role as well.

Financially, Sabah Shoes Ltd presents a mixed picture. While current assets increased by 20% to £190,756, net assets declined significantly by 150% to -£2,100. This suggests a substantial loss in retained earnings. Cash bank on hand saw a remarkable 130% increase to £12,000, which is good news. However, creditors rose by 24% to £190,000, and debtors increased by 25% to £160,000, indicating potential issues with managing payments. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the negative equity is concerning. With no auditor mentioned, the figures are unaudited.

Overall, Sabah Shoes Ltd seems to be navigating a challenging period. The increase in cash is positive, but the substantial loss and rising debts suggest the company is burning through money. Whether this is a temporary setback or a longer-term trend remains to be seen.

Registered in England/Wales under the registration number 11951359, with a registered address at W1U 7QT, London, 50 Chiltern Street.

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