Felcon Limited

Felcon Ltd from Coventry, UK, is a small holding company with an active status, having been founded 28 years ago in 1996. The company employs 31 people and holds assets valued at £2,685,507. While it has a registered address, it’s likely a virtual one, as 23 companies are registered at the same location. Felcon is led by one director and has one owner, though the list of owners changed five years ago and isn’s exhaustive. It operates as an irregular importer of machinery, boilers, and mechanical appliances, parts, with one month of imports recorded, and a regular exporter of the same, with three months of exports.

The company’s website showcases a vibrant business focused on kitchenware and enamelware. It operates as an online retailer, selling a range of products from cookware to tableware, and even offers a U.S. and EU store. The site emphasizes British heritage, with a focus on quality and craftsmanship, and promotes seasonal collections and baking essentials. It's clear the company is geared toward direct-to-consumer sales, with a focus on a strong brand identity and customer engagement.

Financially, Felcon Ltd presents a mixed picture. While current assets increased by 55% to £2.7 million, net losses deepened to -£23,000. Cash reserves fell 210% to £1.4 million, a significant drop. Trade debtors decreased by 23%, suggesting better debt collection, but bank borrowings surged by 37%, reaching £960,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in debt and the loss raise concerns. The company is exempt from an audit as a small company, so the figures are unaudited.

It’s likely the company has been investing in its online presence and product range, which could explain the increase in debt. Whether this investment will pay off and lead to sustainable profitability remains to be seen.

Registered in England/Wales under the registration number 03205966, with a registered address at CV3 4GA, Coventry, West Midlands, 5 Argosy Court, Scimitar Way Whitley Business Park.

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