Marrkt Limited

Marrkt Ltd from York UK: a small, active company founded nine years ago, employs eight people, and holds £272,309 in assets. It’s a solo-founded operation with one director and owner, operating an e-commerce site and boasting a 4.0 Google rating from thirty reviews. The company irregularly imports footwear and related items, with the last import operation occurring two months ago in November 2020.

The company’s website, Marrkt, is a curated marketplace for preowned menswear from the world's best brands. It offers a wide range of items, from Drake's to RRL, and emphasizes quality, timelessness, and a circular economy for menswear. The site features new arrivals, price drops, and a selection of deadstock brands, alongside a journal and sell-with-us section. It's a global business with express shipping and a focus on authenticity.

Financially, Marrkt Ltd’s numbers show some interesting trends. Cash reserves increased significantly, jumping 150% to £84,000, which is good. However, net assets decreased by 39%, falling to -£85,000—a notable decline. Bank borrowings remained relatively stable, at £47,000, and creditors increased by 19% to £370,000. Trade debtors also rose, increasing by 12% to £180,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. There's no auditor mentioned, likely due to its small size.

Overall, Marrkt Ltd seems to be navigating a period of change. The increase in cash reserves suggests improved liquidity, but the decline in equity raises questions about profitability and long-term sustainability. The company’s focus on a niche market and its curated marketplace model could be key to its future success.

Registered in England/Wales under the registration number 09955461, with a registered address at YO61 3EQ, England, York, Unit 10 Shires Bridge York Road, Easingwold.

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