Firegroup Limited

Firegroup Limited, based in Edinburgh, UK, is a small, active company founded sixteen years ago in 2009. With a single director and owner – solo founder Miller Nigel Balfour – and just one employee, the company holds £1,608,176 in assets. It operates from a virtual address, sharing space with nine other companies, and runs an e-commerce site with a respectable Google rating of 4.0 from 124 reviews. Firegroup is an irregular importer, primarily bringing in stone, plaster, cement, and similar materials, with recent activity in November 2024.

The company’s website showcases a large showroom – Scotland’s largest, in fact – specializing in fireplaces, stoves, and related accessories. They offer a wide range of products, from traditional stone fireplaces to modern media walls, and even antique pieces. Firegroup provides design, supply, and installation services, catering to both residential and commercial clients. Their website highlights customer testimonials and emphasizes their expertise in crafting bespoke fireplace solutions.

Financially, Firegroup Limited presents a mixed picture. While current assets increased by 8.3% to £1,600,000, equity plummeted 33% to £390,000. Bank borrowings remained stable at £87,000, but cash reserves jumped a significant 250% to £19,000. Creditors, however, increased by 41% to £1,100,000. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the substantial drop in equity warrants closer examination. The company’s accounts are unaudited, as is common for small companies, and no auditor is mentioned. Overall, Firegroup appears to be navigating a period of change, balancing growth with managing its financial obligations.

Registered in Scotland under the registration number SC354835, with a registered address at EH11 3XX, Scotland, Edinburgh, Firegroup House, 5 Stenhouse Mill Wynd.

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