Bare Knuckle Pickups Limited

Bare Knuckle Pickups Ltd, based in Devon, UK, is a small, active company established twenty-one years ago. With twenty employees and £1,860,456 in assets, it’s a family-run operation with two directors and a solo founder, Mills Timothy Bruce. The company operates from a virtual address—a fact highlighted by the presence of sixty-three other businesses registered at the same location—and regularly imports and exports musical instruments and parts, with a strong focus on handwound guitar and bass pickups.

The company’s website, bareknucklepickups.co.uk, showcases a wide range of pickups, from limited editions to signature series, catering to guitarists and bassists seeking high-quality, custom-wound instruments. It’s a fully functioning e-commerce site, complete with a basket, checkout, and detailed product information, including wiring diagrams and artist endorsements. The site also features a "Boot Camp" section offering more accessible pickups and a "Pickguard Builder" tool for customisation. Recent blog posts highlight new signature humbuckers and collaborations, demonstrating a commitment to innovation and engagement with the music community.

Financially, Bare Knuckle Pickups Ltd shows a mixed picture. While fixed assets increased by 10%, current assets declined by 56%, dropping to £1.6 million. Cash reserves plummeted 75%, leaving just £940,000 in the bank—a significant decrease. Debtor levels surged by 1,200%, reaching £350,000, which could indicate expanding credit terms or delayed payments. On the positive side, creditors decreased by 11%, suggesting improved debt management. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the drop in cash reserves and increase in debtors are worth watching. No auditor is mentioned, likely due to the company’s exemption as a small entity.

Overall, Bare Knuckle Pickups Ltd seems to be a thriving business with a loyal customer base, but the recent financial trends suggest it’s facing some challenges. The company’s reliance on skilled handwinding and its strong online presence likely provide a buffer, but managing cash flow and collecting debts will be crucial for continued success.

Registered in England/Wales under the registration number 04800683, with a registered address at EX39 2AT, Devon, 69 High Street, Bideford.

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