Fireplace (uk) Ltd

Fireplace (uk) Ltd from Sutton Coldfield UK is a small company with an active status, established fourteen years ago in 2011. Employing six people and holding £152,684 in assets, the business operates an e-commerce site and has two directors and two owners. The registered address is virtual, as 117 companies are registered there.

The company specializes in the retail sale via mail order houses or via internet, offering a wide range of fireplaces, from electric suites to stone fireplaces and oak beams. Its website showcases a commitment to quality, with sections dedicated to bespoke designs, free digital drawings, and expert installation services. The site also features a blog with articles on fireplace maintenance and safety tips. The company clearly wants to offer a premium service, with a focus on handmade products and British craftsmanship.

Financially, Fireplace (uk) Ltd presents a mixed picture. Current assets have decreased by 35% to £150,000, while net assets have fallen by 34% to £83,000. Bank borrowings have increased by 51%, reaching £57,000, and cash reserves have declined by 32% to £110,000. Creditors have also decreased by 16%, which could indicate better management of short-term debts. The company’s small size—meeting two of three conditions to be considered small—allows for flexibility, but the decline in equity is a concern. The accounts are unaudited, as is typical for small companies, and the report does not mention an auditor.

The surge in bank borrowings, combined with the decrease in cash, suggests the company might be burning through money, although it’s possible this is due to investments in growth or inventory. The decrease in assets, while concerning, could also reflect a strategic shift or seasonal fluctuations in the business. It’s hard to say for sure without more information, but the company seems to be navigating a period of change.

Registered in England/Wales under the registration number 07563749, with a registered address at B72 1UJ, United Kingdom, Sutton Coldfield, West Midlands, C/O Bissell & Brown Charter House, 56 High Street.

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