Magnum Tattoo Supplies Limited

Magnum Tattoo Supplies Ltd from Runcorn UK: a small, active company founded 14 years ago, employs five people, and holds £470,778 in assets. It's a solo-founded venture with a single director and owner, operating an e-commerce site and boasting a stellar 5.0 Google rating from 170 reviews. The company regularly imports basic metal tools and utensils, with eight months of import activity recorded.

The company’s website, magnumtattoosupplies.com, positions itself as a one-stop shop for tattoo artists, offering a wide range of inks, machines, needles, and studio supplies. It caters to both apprentice and experienced artists, with sections dedicated to traditional tattooing, PMU (permanent makeup), and piercing. The site also features a blog with educational content, artist profiles, and industry news—a nice touch. It’s clear they’re trying to build a community around their brand.

Financially, Magnum Tattoo Supplies Ltd shows a mixed bag. Cash bank on hand has dropped significantly, nearly 50%, to £94,000, and net assets have also decreased by 1.4% to £360,000. Bank borrowings, however, have decreased, with overdrafts dropping by 52% to £9,200. Creditors have increased by 15%, reaching £110,000, which could be a sign of increased purchasing activity. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to the small company exemption.

Overall, Magnum Tattoo Supplies Ltd seems to be navigating a challenging environment. The decrease in cash reserves is concerning, but the growth in creditors suggests continued investment in inventory. The strong Google rating and active e-commerce site indicate a loyal customer base, which is a positive sign. It’s a small business, and these fluctuations are to be expected, but they’re something to keep an eye on.

Registered in England/Wales under the registration number 07281996, with a registered address at WA7 1DX, England, Runcorn, Unit A Goddard Court Goddard Road, Astmoor Industrial Estate.

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