Mycopunks Ltd

Mycopunks Ltd, based in Gloucester, UK, is a small, active company founded four years ago. With six employees and £142,858 in assets, it’s a solo-founded venture run by two directors and a single owner. The company operates an e-commerce site, boasting a stellar 5.0 Google rating from nine reviews. It’s a regular importer, specializing in machinery, boilers, and mechanical appliances – parts, with recent activity recorded five months ago.

The Mycopunks website is dedicated to providing mycology and cultivation supplies in the UK. It offers a wide range of products, from beginner mushroom grow kits and sterile grain bags to advanced lab equipment and liquid cultures. The site emphasizes quality, community support, and a passion for the craft, with a blog and active Discord server. It's clearly targeting both novice and experienced cultivators.

Financially, Mycopunks Ltd presents a mixed picture. Cash reserves increased significantly, jumping 270% to £43,000, which is a good sign. However, debtors decreased by a massive 93%, dropping to just £320, which could indicate issues with collecting payments. Creditors also decreased, which is positive, but the most concerning trend is the sharp decline in equity – retained earnings and accumulated losses plummeted 64% to -£12,000. While the company’s small size (meeting two of three criteria for a small company) allows for agility, this equity drop warrants attention. Average number of employees has also increased by 50% to nine, which could be a sign of growth or increased workload. There’s no auditor mentioned, consistent with being a small, exempt company.

In essence, Mycopunks Ltd seems to be growing its customer base and holding more cash, but the decline in equity suggests it’s burning through money faster than it’s generating profit. The increase in employees might be a sign of expansion or an attempt to manage increased demand.

Registered in England/Wales under the registration number 13243708, with a registered address at GL1 5RZ, England, Gloucester, Unit 24a Morelands Trading Estate, Bristol Road.

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