Impact Fireworks Ltd

Impact Fireworks Ltd, based in Birmingham, UK, is a small, active company founded twelve years ago. With three employees and £513,465 in assets, it’s a modest operation run by a single director and owner. The company boasts a solid 4.0-star Google rating from 43 reviews, reflecting positive customer experiences. It’s an irregular importer, primarily bringing in furniture, lighting, and prefabricated buildings, though just one month of imports was recorded as of July 31, 2021.

The company’s website, Big Star Fireworks, positions itself as a UK's largest retailer of fireworks, offering a wide range of products from sparklers to large barrages. It operates both an online store and a showroom in Wolverhampton, catering to both individual customers and wholesale clients. The site emphasizes competitive pricing, a wide selection, and a commitment to safety—a key consideration in the fireworks industry. It also offers a piano restoration service.

Financially, Impact Fireworks Ltd shows a mixed picture. Cash bank on hand has plummeted by a significant 84%, dropping to just £4,900. Bank borrowings have also increased, rising by 23% to £50,000. However, creditors have decreased by 16%, suggesting improved debt management. While net assets have increased by 18%, reaching £130,000, the decrease in cash reserves raises concerns. The company meets two of the three conditions to be considered small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). With no auditor mentioned, the financial statements are unaudited.

Overall, Impact Fireworks Ltd appears to be navigating a challenging financial landscape. While its online presence and showroom operations seem robust, the decrease in cash reserves warrants close attention. It’s a small company, and the management team will need to focus on maintaining a healthy cash flow to ensure its long-term viability.

Registered in England/Wales under the registration number 08241939, with a registered address at B66 4ET, Birmingham, West Midlands, 352 Bearwood Road, Bearwood.

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