Fýre Collective Limited

Fyre Collective Limited, based in London, UK, is a small, active company founded three years ago in December 2021. With £30,847 in assets, it operates from a real address and is led by a single director and owner, who is also the solo founder. The company has a Google rating of 3.0 based on 44 reviews.

The business primarily focuses on the retail sale of clothing, operating through specialized stores, mail order, and online channels. The website, FYRE COLLECTIVE, currently displays a "Loading" message and thanks customers for selling out of a recent collaboration. It directs customers to email helpfyrelondon.com for order inquiries. The site suggests an e-commerce focus, with a password login and sign-up features.

Financially, Fyre Collective Limited shows a mixed picture. Cash reserves have declined by 33% to £16,000, while bank borrowings have increased to £8,500. Creditors have risen significantly, with both "After One Year" and "Within One Year" categories showing increases of 220%. Trade debtors have also jumped considerably, ballooning by 510%. Equity has taken a dramatic hit, plummeting 90% to just £2,000. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the sharp decline in equity and cash reserves raises concerns. The accounts are unaudited, a common exemption for small companies, and no auditor is mentioned.

Overall, Fyre Collective Limited seems to be navigating a challenging period. While the recent collaboration suggests strong initial demand, the financial data reveals a company burning through cash. The reliance on a single founder and owner may also be a limiting factor, but the company’s niche clothing retail focus could provide a path to future success.

Registered in England/Wales under the registration number 13777034, with a registered address at SW15 6RG, United Kingdom, London, 26 Cotman Close, Putney.

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