Maguires Barbershop Limited

Maguires Barbershop Limited, based in Newcastle Upon Tyne, UK, is a small, active company founded fifteen years ago in 2009. With two employees and £75,734 in assets, it operates as a family business with three directors and two owners. The company holds a respectable 4.0-star Google rating based on fourteen reviews. It’s a regular importer, primarily of essential oils and perfumes, with seven months of import activity recorded.

The company's website showcases a curated selection of high-quality men's grooming products, including Proraso shaving cream, Marvis luxury toothpaste, and Semogue shaving brushes. It operates primarily as an online retailer, offering a range of shaving, hair care, and body care essentials. The website also highlights its commitment to sourcing products from UK suppliers and directly importing from around the world, emphasizing long-established brands with rich histories. It ships internationally, making its products accessible to a global customer base.

Financially, Maguires Barbershop Limited presents a mixed picture. Current assets have decreased by 15% to £76,000, while net assets have increased slightly to £40,000. Cash reserves have also declined by 33% to £12,000. Trade debtors have seen a dramatic increase of 1200%, reaching £620—a significant change that could reflect increased sales or delayed payments. Creditors have also decreased by 100%, which is a positive sign. 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 decline in cash reserves warrants attention. As a small company, it’s likely exempt from an audit, relying on unaudited financial statements.

The company’s financial trends suggest it's navigating a period of change. While sales appear to be growing, managing cash flow will be crucial for sustaining its operations and continuing to offer its curated selection of grooming products.

Registered in England/Wales under the registration number 06924577, with a registered address at NE2 1JQ, Newcastle Upon Tyne, Tyne And Wear, 6 Osborne Avenue, Jesmond.

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