Tribe Pro Tools Ltd

Tribe Pro Tools Ltd, based in Knowle, Solihull, UK, is a small, active company founded five years ago. With a single employee and £18,472 in assets, it operates from a virtual address and is led by a solo founder, Lola Ricketts, who also serves as director and owner. The company boasts a perfect 5.0 Google rating from six reviews, indicating high customer satisfaction. It operates an e-commerce site specializing in manicure and pedicure tools and handcare products.

The Tribe Pro Tools website showcases a range of professional tools and skincare products, catering to nail and handcare enthusiasts. The site emphasizes quality, with sections dedicated to gold, black, and silver tools, as well as kits and hygiene products. It offers free delivery when you spend over £50 and utilizes Klarna for payment options. The site’s blog and social media presence (Instagram, Facebook, TikTok, Pinterest) reinforce its expertise and community engagement.

Financially, Tribe Pro Tools Ltd presents a mixed picture. Cash bank on hand has decreased significantly by 68%, dropping to £180. Bank borrowings have increased, with an overdraft of £660 and non-financial instruments reaching £48,000. Creditors have risen by 26%, reaching £35,000, and trade debtors have fallen by 54%. Despite these challenges, the company’s current assets have improved by 91%, reaching £18,000. The company’s small size (meeting two of three conditions for being small) allows for agility, but the decline in equity, now at -£67,000, suggests a need for careful financial management. No auditor is mentioned, which is common for small companies.

While the e-commerce site appears to be thriving with positive reviews and a strong online presence, the financials indicate that Tribe Pro Tools Ltd is burning through money. The increase in bank borrowings and the decrease in cash reserves suggest that the company is relying on external funding to sustain its operations. Whether the company can turn a profit remains to be seen, but its strong online reputation and niche product offering provide a foundation for future growth.

Registered in England/Wales under the registration number 12089844, with a registered address at B93 0JU, United Kingdom, Knowle, Solihull, West Midlands, Suite K, Priest House, 1624 High Street.

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