Isle Of Mull Soap Company Ltd

Isle Of Mull Soap Company Ltd, based in Tobermory, Isle of Mull, UK, is a small, active family business founded six years ago. Employing five people and holding £24,900 in assets, it’s a charming operation with a real address and two directors overseeing its activities. The company operates an e-commerce site and enjoys a stellar 5.0 Google rating based on 131 reviews. It’s also a regular importer, bringing in machinery, boilers, and mechanical appliances—parts, with its last import operation recorded three months ago.

The company’s website showcases a delightful range of handmade soaps, bath bombs, candles, and wax melts, all crafted with natural ingredients and inspired by the island’s landscape. It’s clear that the business is focused on providing high-quality, eco-friendly products directly to customers through its online store. The site is well-designed and easy to navigate, highlighting the company's commitment to customer service.

Financially, Isle Of Mull Soap Company Ltd presents a mixed picture. While current assets are up 23% to £25,000, net assets have fallen dramatically—97% to just £270. Bank borrowings have decreased by 40%, which is good, but cash reserves have plunged 560% to a negative £12,000. Creditors have also increased significantly, up 54%, which could indicate a reliance on short-term financing. The company’s small size—meeting two of three conditions for being a small company—helps it stay nimble, but the sharp decline in equity is concerning. There’s no auditor mentioned, which is typical for a small, exempt company.

Overall, Isle Of Mull Soap Company Ltd seems to be navigating a challenging financial period. While its online presence and product quality are strong, the company will need to address its equity and cash flow issues to ensure its long-term sustainability. The business is clearly passionate about its craft, but it’s facing pressures that will require careful management.

Registered in Scotland under the registration number SC623654, with a registered address at PA75 6PL, United Kingdom, Isle Of Mull, 2 Staffa Cottages, Tobermory.

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