Mk Cosmetics Ltd

Mk Cosmetics Ltd is a small, active company based in London, UK, founded two years ago in May 2023. With two employees and £123,497 in assets, it’s a solo-founded operation managed by one director and owner. The company operates from a real address and regularly imports essential oils and perfumes – a consistent 10-month activity, the last recorded in November 2024.

The company's website, MK Cosmetix, positions itself as the UK's leading independent barbering wholesaler. It caters to the barbering and cosmetic industry, offering a range of products and services, including haircut and beard supplies. The company's mission is to provide high-quality products and ensure clients leave feeling confident. Established in 2009, the founder has over 15 years of experience in the barbering industry. The website also highlights expertise in clippers, hair waxes, and scissors, emphasizing a commitment to quality and customer service.

Financially, Mk Cosmetics Ltd presents a mixed picture. While bank borrowings remain consistent at -£540, cash reserves are stable at £5,300, and creditors are consistent at -£540. However, the company’s net assets are negative at -£1,300, and its current assets are also negative at -£1,800. Trade debtors are steady at £8,200, and inventories are significant at £110,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no auditor mentioned, indicating exemption as a small company.

In short, Mk Cosmetics Ltd is facing financial challenges despite its active import operations and established online presence. The negative equity and current liabilities suggest the company is burning through money, but the large inventory could be a sign of potential future sales. It's a lean operation, but its long-term viability depends on improving its financial performance.

Registered in England/Wales under the registration number 14857841, with a registered address at N14 4RB, England, London, Flat 23 Catherine Court, Chase Road.

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