Fireworks Shop Limited

Fireworks Shop Limited, based in Preston, UK, is a small, family-run business with an active status, established twelve years ago. With just one employee and £212,615 in assets, it operates a real address and is managed by two directors and owners, Richardson Nicola Jane and Richardson Wayne. The company’s e-commerce site facilitates the retail sale of fireworks via mail order and online.

The company’s website showcases a wide range of fireworks, from consumer-grade sparklers to professional-grade displays, catering to both individual celebrations and larger events. While the site doesn't offer extensive details about the business's history or mission, it emphasizes safety precautions and compliance with UK firework regulations. It seems to be a straightforward online retail operation focused on a seasonal product.

Financially, Fireworks Shop Limited presents a mixed picture. Accumulated depreciation has increased significantly, rising 60% to £150,000, which could indicate increased investment in equipment, but also suggests a potential decrease in asset value. Cash reserves have grown by 25% to £55,000, a positive sign, but bank borrowings have also increased, rising 2.6% to £10,000. Creditors have increased by 25%, which may be due to increased stock purchases to meet seasonal demand. Equity has declined by 28%, a concerning trend, although it’s likely linked to retained earnings. 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 it to remain nimble, but the drop in equity warrants closer attention. The accounts are unaudited, and the company is exempt from an audit as a small entity.

Overall, Fireworks Shop Limited seems to be navigating the challenges of a seasonal business. While cash flow appears healthy for now, the declining equity and increased debt suggest a need for careful financial management to ensure long-term sustainability.

Registered in England/Wales under the registration number 08117673, with a registered address at PR5 4EP, Preston, Lancashire, Swainsfold Barn Cuerdale Lane, Walton-Le-Dale.

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