Murgs Ltd

Murgs Lifting Performance and Protection, based in Chapel-en-le-Frith, UK, is a small, active company founded three years ago. With a single employee and £43,431 in assets, it operates from a virtual address shared by ten other companies, a bit odd really. The business, led by a solo founder and director, runs an e-commerce site specializing in lifting gear, like knee sleeves, belts, and grips. It’s an irregular importer of toys, games, and sports equipment, with just two months of import activity recorded as of September 2023.

The website, Murgs Lifting, is all about performance and protection for weightlifters and CrossFit enthusiasts. It’s got a very modern feel, with bold imagery and a focus on high-quality products. The site even has a section for age verification, which is a bit unusual. It’s clear they’re targeting a specific niche, with blog content and buying guides reinforcing their expertise. They’re also promoting a “FreeCycle” program, which is a nice touch.

Financially, Murgs Ltd presents a mixed picture. Cash reserves increased by a good 120% to £6,800, which is positive, but net assets plummeted 110% to -£1,100. Bank borrowings decreased by 67%, which is good, but creditors increased significantly by 220% to £38,000. Loans from directors, however, increased by a whopping 460% to £27,000. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and only one employee. The lack of an auditor is expected, as it’s exempt as a small company.

Overall, Murgs Ltd seems to be burning through money a bit, but it’s also showing signs of growth. The increase in cash reserves and the active e-commerce site suggest a loyal customer base. Whether it can sustain this momentum and turn a profit remains to be seen—but for now, Murgs Ltd is betting on its niche market and high-quality products to lift it to success.

Registered in England/Wales under the registration number 13614552, with a registered address at SK23 0HD, England, High Peak, 7 High Street, Chapel-En-Le-Frith.

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