Pirat Limited

Pirat Limited, based in Coventry, UK, is a small, active company founded 10 years ago in 2014. With three employees and £14,113 in assets, it’s a solo-founded operation managed by a single director and owner. Accounts are overdue by a year, and confirmation statements are nine months behind, which is not ideal. The company operates in the retail sale via mail order houses or via internet, and also provides other business support services.

The company’s website, Pirat Handmade Tattoo Machines, reveals a niche business specializing in unique, bohemian handmade tattoo machines. They offer rotary, liner, and shader machines, along with spare parts, hardware, and even custom designs. The website emphasizes quality craftsmanship, original parts, and a three-year warranty—a clear focus on performance and customer satisfaction. It’s a clear ecommerce business, with a gallery showcasing their work and a straightforward checkout process.

Financially, Pirat Limited presents a mixed picture. Current assets have fallen by 32% to £14,000, while net assets have plummeted 97% to just £100. Cash reserves have also suffered a significant drop, falling 97% to £680. Trade debtors have increased substantially, reaching £13,000, suggesting potential issues with customer payments. However, creditors have decreased slightly, indicating some improvement in debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity is concerning. There's no auditor mentioned, so the figures are unaudited.

Overall, Pirat Limited seems to be facing financial headwinds. While the tattoo machine business appears active and well-positioned, the financials suggest it's burning through money. The significant drop in equity and cash reserves raises questions about the company’s long-term viability, but the increase in trade debtors might just be a temporary blip.

Registered in England/Wales under the registration number 09115131, with a registered address at CV2 4GX, Coventry, 106 Nicholls Street.

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