Mk Cosmetix Ltd

Mk Cosmetix Ltd, based in London, UK, is a small, active company established six years ago. With a single employee and £61,388 in assets, it’s a solo-founder operation led by a director and owner, Keles Mehmet. The company regularly imports and exports essential oils and perfumes – 50 months of import activity and 6 months of export activity, with the latest export in April 2024. It has a real address and operates from Flat 23 Chase Road.

Mk Cosmetix describes itself as the UK’s leading independent barbering wholesaler, supplying the barbering and cosmetic industry. Its website highlights a focus on high-quality products and a commitment to supporting barbers in providing excellent service. It even has a showroom in Harrods, London. The business operates from Eley Estate, Thornton Road, N18 3BA. The site also mentions a 15-year history within the barbering industry, despite the company’s relatively recent founding.

Financially, Mk Cosmetix Ltd presents a concerning picture. Current assets have plummeted by a staggering 93%, dropping to just £61,000. Net assets have also taken a severe hit, falling 86% to £64,000. Bank borrowings have decreased by 16%, reaching £34,000, and cash reserves have fallen 54% to £1,400. Creditors have also seen a significant decline, falling 85%, however, this could be due to a restructuring of payment terms. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so the figures are unaudited.

Despite the concerning financial trends, Mk Cosmetix appears to be maintaining a presence in the barbering industry. However, the sharp decline in assets and cash reserves suggests it's burning through money, and the company will need to find ways to improve its financial health.

Registered in England/Wales under the registration number 11767392, with a registered address at N14 4RB, England, London, Flat 23 Chase Road.

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