Celtic Retail Limited

Celtic Retail Limited, based in Edinburgh, UK, is a small, active company founded five years ago in 2019. With 18 employees and £563,410 in assets, it’s a solo-founded operation managed by a single director and owner, Syed Kasim Ali Adil. The company operates in the retail sector, specifically focusing on the sale of consumer fireworks. Its website, Celtic Fireworks, showcases a wide range of products, from barrage packs and cakes to rockets and sparklers, and even offers a 3D show builder tool. The company is an irregular importer, with its top import category being ceramic products, totaling one month of imports recorded in September 2024.

Celtic Fireworks’ website highlights a focus on premium consumer fireworks, aiming to provide a similar experience to professional displays for home celebrations. The site’s product categories and featured products—like “Invader,” “The Astronomer,” and “Brexit”—suggest a focus on impactful and visually stunning displays. The company also emphasizes safety advice and retail stockists, demonstrating a commitment to responsible sales and customer service. The website even has a corporate section, detailing sustainability initiatives and competitions.

Financially, Celtic Retail Limited presents a mixed picture. Cash reserves have dramatically fallen by 69%, dropping to £84,000, while creditors have increased significantly by 130%, reaching £760,000 within the last year. Debtors have also risen considerably, increasing by 180%. Retained earnings and accumulated losses have plummeted, resulting in a negative equity of -£70,000. Bank borrowings, however, have decreased slightly by 13%. 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 agility, but the sharp decline in equity and cash raises concerns. With no auditor mentioned, the financial statements are unaudited.

Despite these challenges, Celtic Fireworks appears to be maintaining a strong online presence and product offering. The company’s focus on premium fireworks and its commitment to customer service may help it navigate these financial pressures—although, it’s unclear if the business is burning through money or simply reinvesting for future growth.

Registered in Scotland under the registration number SC637431, with a registered address at EH1 2HH, Scotland, Edinburgh, 98 West Bow.

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