Flagstone Group Ltd

Flagstone Group Ltd, based in London, UK, is a holding company with an active status, having been founded eleven years ago in May 2013. Employing 122 people, the company holds assets valued at £22,902,684. It has a real address and is overseen by five directors and three owners. Google ratings are a little low at 3.0 based on 20 reviews. The company is an irregular importer, primarily dealing in electrical machinery and equipment, with the last import operation occurring two months ago in December 2022.

Flagstone Group Ltd operates within the financial intermediation not elsewhere classified industries. Its website is currently unavailable, so it’s difficult to determine if it engages in e-commerce activities.

Financially, the company’s performance shows some concerning trends. While cash and cash equivalents increased by a healthy 95%, rising to £13 million, other key metrics paint a more complex picture. Accrued liabilities and deferred income have surged by a massive 290%, reaching £5 million, suggesting increased short-term obligations. Property, plant, and equipment have also seen a significant rise, up 43%, to £440,000. Administrative expenses have more than doubled, jumping 63% to £31 million, which is a big increase. Bank borrowings have also increased, and net assets have fallen by 9.4% to £25 million.

Despite these challenges, the company’s staff costs have increased by 75%, reaching £17 million, indicating investment in its workforce. The company’s auditor is HW Fisher LLP. The company’s financial statements are audited.

Overall, Flagstone Group Ltd appears to be navigating a period of change. While asset growth and workforce expansion are positive signs, the rise in liabilities and administrative expenses warrant close monitoring.

Registered in England/Wales under the registration number 08528880, with a registered address at SW1Y 4EL, England, London, 1st Floor Clareville House 27, Oxendon Street.

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