Firelight Lighting Limited

Firelight Lighting Ltd from Altrincham UK: a small, active company founded 8 years ago, employs just two people, and holds £96,590 in assets. It operates from a real address and is led by one director and owner. The company is an irregular importer of furniture, lighting, and prefabricated buildings, with just two months of import activity recorded as of October 01, 2022. It operates in the wholesale of furniture, carpets, and lighting equipment industries.

The company’s online presence is primarily through Instagram, suggesting a focus on visual marketing and direct engagement with customers. While a full e-commerce site isn’t immediately apparent, the platform likely serves as a key channel for showcasing products and driving sales. The focus on visual content aligns with the nature of the business—lighting and furniture are inherently visual items, making Instagram a suitable platform for attracting customers.

Financially, Firelight Lighting Ltd is showing some concerning trends. Current assets have fallen by a significant 56%, dropping to £97,000, while net assets have also plummeted 73%, settling at £27,000. Cash reserves have also declined by 25%, leaving just £93,000. Trade debtors have drastically decreased by 98%, which could indicate improved collections or a reduction in credit sales. However, other creditors have increased by a staggering 1600%, reaching £20,000—a potential sign of increased expenses or delayed payments. The company’s small size (meeting two of three conditions for being small: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it avoids complex reporting requirements, but the unaudited figures warrant closer scrutiny.

The sharp decline in equity, coupled with the rise in other creditors, suggests that Firelight Lighting Ltd may be burning through cash. While the company’s niche focus on lighting and furniture could provide a competitive advantage, the financial pressures indicate a need for careful management and potentially a review of expenses. The lack of an auditor mentioned (likely exempt as a small company) means the financial health relies solely on director-reported data.

Registered in England/Wales under the registration number 10361775, with a registered address at WA14 1PJ, England, Altrincham, 16 Kingsway.

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