Matakki Limited

Matakki Ltd, based in Kingston Upon Hull, UK, is a small, active company founded eleven years ago in 2014. Employing just six people, it holds £318,918 in assets and operates from a virtual address, registered with thirty-seven other companies – a bit unusual. The business is run by two directors and one owner, and it’s gained a stellar 5.0 Google rating from seven reviews. Matakki Ltd regularly imports basic metal tools and utensils, with the last import activity recorded six months ago.

The company’s website, Matakki Scissors, focuses on the retail of high-quality hairdressing scissors, barber shears, and related accessories. The site boasts a wide selection, from handmade Japanese steel scissors to hair dryers and straighteners, catering to professional stylists and enthusiasts alike. It offers various collections, including Pro, Premium, Elite, and Damascus, alongside thinning and texture scissors, and even provides a trade-in program offering store credit for old scissors. The website also features a blog, ambassador program, and a dedicated section for scissor sharpening, demonstrating a commitment to customer service and expertise.

Financially, Matakki Ltd presents a mixed picture. While cash reserves increased by 26% to £130,000, current assets only grew slightly to £320,000. Bank borrowings increased, with overdrafts rising by 15% to £29,000. Creditors also increased by 21% to £140,000, suggesting a need to manage debt. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the increase in debt warrants attention. The company is exempt from an audit, so the figures are unaudited. The increase in bank borrowings might be to fund the expansion of the trade-in program or to purchase inventory, but it’s something to keep an eye on.

Registered in England/Wales under the registration number 08918372, with a registered address at HU3 6UU, Kingston Upon Hull, East Yorkshire, 650 Anlaby Road.

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