First Empire Group Ltd

First Empire Group Ltd is a small, active company based in London, UK, established nine years ago in 2016. It employs eleven people and holds £1,217,079 in assets, operating from a virtual address, and is managed by two directors and two owners. The company regularly exports leather goods, travel bags, and animal harnesses, with 155 months of export activity recorded, the last in September 2020.

The company’s website, First Empire Limited, positions itself as a logistics and mining company operating in Ghana and across the world. It offers dedicated transport, logistics, agency, and warehousing solutions, emphasizing customized service and guaranteed quality. The website details services including gold and diamond mining, export, safe keeping of valuable items, and reliable transport. It also includes a blog with articles on logistics and related topics, and a schedule of operations.

Financially, First Empire Group Ltd shows a mixed picture. Cash bank on hand has fallen dramatically by 71%, dropping to £270,000. Net current assets and liabilities have increased by 15%, reaching £940,000. Trade debtors have decreased by 16%, while creditors have fallen by 54%. Equity has increased by 14%, reaching £960,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the decrease in cash reserves is a cause for concern. Average number of employees has increased dramatically, by 540%, reaching 70, which is an unusual change. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s website suggests a shift in focus towards mining and logistics, a contrast to the retail sale via mail order houses or via internet industries described in the company's profile. Whether this change is sustainable, and whether it will improve the company’s financial health, remains to be seen.

Registered in England/Wales under the registration number 10018832, with a registered address at WC2R 0LR, England, London, 6th Floor Manfield House, 1 Southampton Street.

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