Bio Fires Online Ltd

Bio Fires Online Ltd is a small, active company based in Birmingham, UK, founded four years ago in 2020. With £60,384 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner. The business operates an e-commerce site selling bio fires and related accessories, boasting a modern, user-friendly website. While primarily focused on online retail, it has dabbled in exporting furniture, lighting, and prefabricated buildings, with just one month of export activity recorded as of August 2024.

The company’s website, Bio Fires Online, positions itself as a specialist in eco-friendly heating solutions. From sleek ethanol fireplaces to stylish gas fires, it caters to homeowners and interior designers seeking a contemporary and sustainable aesthetic. The site emphasizes ease of use, safety features, and a wide selection of designs—hallmarks of a modern e-commerce business. Though small, it’s clearly aiming to carve out a niche in the competitive home heating market, with blog content reinforcing its expertise in bio fire technology.

Financially, Bio Fires Online Ltd shows a mixed bag. Current assets decreased by 5.5% to £60,000, while net assets plummeted 180%, resulting in a negative balance of -£51. Bank borrowings are not mentioned, and cash reserves decreased by 33% to £7,200. Trade debtors remained constant at £15,000, suggesting stable customer payments, but creditors increased by 8.1% to £27,000. The lack of employees (one reported) hints at a lean, possibly solo operation. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

While the e-commerce side appears active, the financials reveal a concerning trend. The significant drop in equity and negative net assets suggest the company is burning through money faster than it’s generating revenue. It’s possible this is typical startup turbulence, but the lack of cash reserves and rising creditors raise concerns. Whether Bio Fires Online Ltd can turn the tide and achieve sustainable growth remains to be seen—but for now, it’s betting on its niche market and stylish product offering to attract customers.

Registered in England/Wales under the registration number 12559111, with a registered address at B3 1BA, England, Birmingham, West Midlands, Millennium Suite 505, Millennium, 95 Newhall Street.

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