Tuna Gear Uk Ltd

Tuna Gear Uk Ltd, based in Totnes, UK, is a small, active company founded two years ago in December 2022. With just one employee and £40,626 in assets, it’s a solo founder operation led by a single director and owner. The company operates an e-commerce site specializing in Bluefin Tuna fishing tackle, equipment, and gear.

The website, Tuna Gear, caters to big game fishing enthusiasts, offering spreader bars, splash chains, stingers, and lures. It emphasizes "ready-to-fish" terminal tackle, developed and refined during the 2023 and 2024 commercial and recreational fishery. The site also features a podcast and vodcast, and a field tester program, indicating a community-focused approach. It’s clear they are aiming to be a one-stop shop for tuna fishing needs.

Financially, Tuna Gear Uk Ltd presents a mixed picture. While the company is small (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its equity sits at a negative -£16,000. Bank borrowings are at £57,000, and cash reserves are a modest £720. Trade debtors are at £4,300, and finished goods for resale are a negative -£36,000. It seems they're relying on credit to keep things moving, and the negative inventory figure is a little unusual. With no auditor mentioned, the figures are unaudited, which is common for small companies.

Overall, Tuna Gear Uk Ltd appears to be a startup navigating early challenges. The strong focus on a niche market and community engagement suggests potential for growth, but the negative equity and reliance on credit indicate a need for careful financial management.

Registered in England/Wales under the registration number 14543148, with a registered address at TQ9 6LS, England, Totnes, Devon, Riverview Quarry, Newton Road.

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