Blue Mig Ltd

Blue Mig Ltd is a small, active company based in Carluke, Scotland, founded four years ago in March 2021. It’s a solo-founded operation with one director and owner, Mcneish Mason James, and holds £41,645 in assets. The company operates in the retail sale via mail order houses or via internet industries, offering welding tutorials and related equipment. Its website, MIG Welding the DIY Guide, features extensive resources for both beginner and experienced welders, including tutorials on MIG, TIG, and arc welding, as well as advice on different types of steel and automotive spray painting.

The website also includes a forum where users can share their experiences and ask questions, and a section dedicated to quality heat resistant sleeving and other related products. It’s clear that Blue Mig Ltd is focused on serving the welding community, offering both educational content and practical supplies. The company's real address is confirmed by only one other business registered at the same location.

Financially, Blue Mig Ltd presents a mixed picture. While bank borrowings increased by 30% to £18,000, cash reserves soared an impressive 1400% to £7,300—a positive sign of improved liquidity. However, retained earnings and accumulated losses plummeted by 950% to -£3,700, and creditors rose by 70% to £45,000. Trade debtors also increased by 27% to £12,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the significant equity decline warrants closer attention. There was no auditor mentioned, which is typical for small companies.

Overall, Blue Mig Ltd seems to be navigating a period of change. The surge in cash reserves suggests a recent influx of funds, but the decline in equity and rise in creditors indicate potential financial pressures. Whether the company can sustain its growth and profitability remains to be seen, but its focus on a niche market and strong online presence positions it well for the future.

Registered in Scotland under the registration number SC694168, with a registered address at ML8 4NG, Scotland, Carluke, 4 Charles Crescent.

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