Reelskin Ltd

Reelskin Ltd is a small, family-run business based in Ingatestone, UK, with an active status. Founded nine years ago in 2016, it employs just one person and holds £380,957 in assets. The company is led by two directors and owned by Fowler Paul and Fowler Shane, and operates from a real address with only one other business registered there. While it's an irregular importer, bringing in rubber and rubber products for one month in April 2024, it’s a regular exporter, shipping the same products for thirteen months, with the latest shipment in November 2024.

Reelskin Ltd specializes in synthetic tattoo practice skin, offering a range of products including digital stencil design sheets, medical discs, and piercing practice pads. Its website highlights the product as "the best in the world," boasting excellent reviews from artists. The company caters to tattoo apprentices and professionals, offering a realistic alternative to human skin for practicing techniques. The site also features customer testimonials praising the skin’s realism and ease of use, and includes shipping information and a return policy.

Financially, Reelskin Ltd shows a mixed picture. Average number of employees jumped significantly, increasing by 800% to nine people, while cash bank on hand increased by 30% to £73,000. However, net assets liabilities decreased by 17% to £52,000, and net current assets liabilities dropped by 47% to £31,000. Creditors increased by 37% to £350,000, and bank borrowings increased by 2.6% to £7,800. It’s a small company, meeting two of three criteria for size: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests it's exempt as a small company, relying on unaudited financial statements.

The increase in employees suggests growth, but the rise in creditors and the decrease in net assets liabilities raise concerns about cash flow. While the company’s niche product and positive customer reviews point to a strong market position, its financial health will need close monitoring to ensure long-term sustainability.

Registered in England/Wales under the registration number 09942506, with a registered address at CM4 0SP, United Kingdom, Ingatestone, Essex, 2 Blackmore Mead.

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