Firexo Limited

Firexo Ltd from London, UK, is a small holding company with an active status, established six years ago in May 2019. The company, employing just two people, holds assets valued at £1,273,973. While it operates an e-commerce site, its registered address is likely virtual, as thirty-one companies share the same location. A single director and owner steer the business, which regularly imports and exports machinery, boilers, and mechanical appliances, including parts.

The company's website showcases a wide array of fire safety equipment, from extinguishers and blankets to signage and intumescent products. It caters to both commercial and residential customers, emphasizing competitive pricing and a comprehensive selection. The site's extensive product listings and detailed descriptions demonstrate a focus on providing complete fire safety solutions.

Financially, Firexo Ltd presents a mixed picture. Accumulated depreciation on plant and machinery has increased significantly, by 300%, while goodwill has risen by 190%. Bank overdrafts have also increased by 31%, reaching £240,000. However, creditors have decreased by 55%, and trade debtors have fallen by 53%. Net current assets have plummeted by 64%, dropping to £360,000. The company’s small size—meeting two of three conditions for a small company—helps it remain flexible, but the substantial drop in equity raises concerns. The lack of an auditor, likely due to its small size, means the figures are unaudited.

The increase in depreciation suggests investment in equipment, perhaps to support its import and export activities. The rise in bank overdrafts could indicate a need for short-term financing, possibly due to delayed payments from customers. It's possible the company is experiencing growing pains as it expands its operations, but the declining net assets warrant closer monitoring.

Registered in England/Wales under the registration number 11984806, with a registered address at E4 7AA, England, London, 2a Connaught Avenue.

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