Fire-bird Intl Ltd

Fire Bird Intl Ltd from Devizes UK: a small, active company founded 16 years ago, holds £6,226 in assets, and operates from a real address. It’s managed by two directors and one owner. This company regularly imports goods, although its top import category is listed as "None" with just three months of import activity recorded, the last being in February 2020. The company operates in the manufacture of other builders' carpentry and joinery industries.

The company’s website highlights a focus on bespoke joinery and carpentry services, catering to both residential and commercial clients. While it doesn’s appear to be a full-fledged e-commerce site with online ordering, the website does showcase a portfolio of completed projects, emphasizing craftsmanship and attention to detail. There is a blog with a few articles about joinery and carpentry.

Financially, Fire Bird Intl Ltd presents a mixed picture. Current assets have decreased by 26% to £6,200, while net assets have also declined, dropping 7% to -£23,000. Bank borrowings have seen a significant reduction, falling 28% to £4,300, and cash reserves have plummeted 75% to a mere £880. Creditors have also decreased slightly by 2.2% to £31,000. 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 flexibility, but the sharp drop in equity is concerning. The company is exempt from an audit, so the figures are unaudited.

The company’s recent financial performance suggests it's burning through cash. While the reduction in bank borrowings is positive, the decline in cash reserves and the negative equity raise questions about its long-term financial health. It’s likely that the company is relying on owner investment or credit to stay afloat, and it will need to improve its profitability to avoid further financial strain.

Registered in England/Wales under the registration number 06858922, with a registered address at SN10 3QE, Devizes, Wilthshire, Wedhamptonmanor.

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