Mark Bloxham Stamps Limited

Mark Bloxham Stamps Ltd from Hull UK: a small, active company founded ten years ago, employs four people, and holds £123,935 in assets. It's a real address with three directors and two owners, and operates an e-commerce site. The company is an irregular exporter of printed materials like books, newspapers, and pictures, with just one month of export activity recorded.

The business specializes in buying and selling stamps, as highlighted on its website. It even boasts a rare sheet of 1841 Penny Reds, considered the only complete sheet in existence outside of a museum. The site also details upcoming appearances at stamp and coin fairs, and features a YouTube channel with content on stamp collecting and history. It’s a niche market, with a focus on high-value items and expert knowledge.

Financially, Mark Bloxham Stamps Ltd’s report shows some concerning trends. Current assets have fallen by 51%, dropping to £120,000, while net assets have plummeted 170%, resulting in a negative equity of -£17,000. Bank borrowings have increased by 24%, reaching £110,000, and cash reserves have decreased by 75%, leaving just £8,200. Creditors have also decreased significantly, down 43%, which could be a positive sign. The company meets two of three conditions to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Mark Bloxham Stamps Ltd appears to be facing financial challenges. While its niche market and online presence suggest potential, the declining assets and increasing debt raise concerns about its long-term viability. It's likely the company is burning through money, and it's important to monitor its performance closely.

Registered in England/Wales under the registration number 09189865, with a registered address at HU1 2LD, Hull, East Yorkshire, Roland House, Princes Dock Street.

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