Mkcuk Ltd

Mkcuk Ltd from Stockport UK is a small, active company founded eleven years ago in 2014. With ten employees and £1,465,199 in assets, it operates from a virtual address and is managed by two directors and two owners. The company runs an e-commerce site and regularly imports and exports miscellaneous manufactured goods—45 months of imports and 53 months of exports recorded.

The company’s website, MyKitCo, showcases a vibrant business specializing in professional brushes, bags, and tools for makeup artists. Founded by celebrity makeup artist James Molloy and his husband Alex Thompson, MyKitCo is celebrating its tenth anniversary and has sparked a global kit revolution. The site emphasizes organization, innovation, and community, offering a full collection of products, including brush sets, bags, and tools. It also features a rewards program, fast shipping, and high-quality products.

Financially, Mkcuk Ltd’s report shows some interesting trends. Cash bank on hand increased by a respectable 8.1% to £710,000, and current assets rose 20% to £1,500,000. However, creditors jumped significantly—a 130% increase to £270,000—and other taxation and social security payable increased by a whopping 260% to £83,000. Trade debtors also rose by 53% to £270,000, which could indicate a period of growth but also potential challenges in collecting payments. Equity increased by 10% to £1,300,000. It's worth noting that payments on account for inventories increased by 150% to £140,000, suggesting a possible buildup of stock. The company is classified as a small business, meeting two of three conditions for size, and no auditor is mentioned, meaning the financial statements are unaudited.

Overall, Mkcuk Ltd seems to be growing, but the increased liabilities suggest it's burning through cash a little faster than it’s bringing it in. The company's focus on a niche market—professional makeup kits—and its strong brand identity could help it navigate these challenges, but keeping a close eye on cash flow will be crucial.

Registered in England/Wales under the registration number 08918528, with a registered address at SK1 3TH, England, Stockport, Cheshire, 123 Wellington Road South.

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