Firelog Ltd

Firelog Ltd from Hayes UK: a small, active company founded 24 years ago, employs eight people, and holds £444,603 in assets. With a real address, three directors, and a solo founder, Bagga Kartik, the company regularly imports and exports leather goods, travel bags, and animal harnesses—84 months of imports and 36 months of exports. Firelog Ltd operates in the agents involved in the sale of textiles, clothing, fur, footwear and leather goods industries.

The company’s website, FireLogs.co.uk, focuses on kiln-dried firewood, offering various sizes and delivery options. It’s a straightforward e-commerce site, lacking complex features but clearly targeting customers seeking convenient firewood solutions. The site’s focus on local delivery and bulk discounts suggests a regional customer base. InfoFirelogs.co.uk, seemingly a mirror site, reinforces this local emphasis.

Financially, Firelog Ltd presents a mixed picture. Accumulated depreciation has increased by a significant 130%, indicating investment in plant and machinery. Bank borrowings have risen by 36%, while cash reserves have plummeted 72%—a worrying trend. Creditors have also increased, although not as dramatically. Net assets have fallen by 66%, a considerable decline. Despite this, 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 flexibility. Trade debtors have also decreased slightly. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Firelog Ltd seems to be experiencing some financial headwinds. The increased depreciation suggests investment, but the declining cash reserves and falling net assets raise concerns. While the firewood business appears to be operating smoothly, the company needs to address these financial pressures to ensure long-term sustainability.

Registered in England/Wales under the registration number 04175030, with a registered address at UB4 9TA, England, Hayes, Middlesex, Primehide Willowtree Marina, West Quay Drive.

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