Newman Fireplaces Limited

Newman Fireplaces Ltd, based in Essex, UK, is a small, active company founded 24 years ago. With 12 employees and £815,779 in assets, it’s a well-established family business. The company operates from a virtual address, registered to nineteen companies, which is a little unusual. Newman Fireplaces has three directors and one owner, and boasts a stellar 5.0 Google rating from five reviews. They regularly import iron or steel products—17 months worth—but only occasionally export stone, plaster, cement, and similar materials, with just two months of export activity recorded.

Newman Fireplaces' website showcases a wide range of fireplaces, from designer collections to electric fires and wood-burning stoves. They even have a section dedicated to fireplace beams and chambers. The site emphasizes a family-run business with roots dating back to 1929, highlighting experience and British craftsmanship. It’s clear they’re targeting homeowners looking to create a cozy and stylish living space. The website also includes a mailing list sign-up, social media links, and a contact form, suggesting a focus on customer engagement.

Financially, Newman Fireplaces Ltd shows a mixed picture. Current assets have decreased by 4.9% to £820,000, while net assets have fallen by 3.1% to £790,000. Cash bank on hand has also dropped by 7.8% to £410,000. However, trade debtors have seen a significant decrease of 24%, which could indicate improved cash flow management. Amounts owed to directors have increased dramatically—85%—to £46,000. The company meets the criteria to be classified as small, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, Newman Fireplaces Ltd is exempt from an audit, so the figures are unaudited.

Overall, Newman Fireplaces Ltd appears to be a stable, long-standing business, although the increase in amounts owed to directors and the decrease in cash reserves warrant further observation. The company’s focus on quality products and customer service, combined with its established reputation, should help it navigate any financial challenges.

Registered in England/Wales under the registration number 04161110, with a registered address at SS7 5HB, Essex, 304 High Road, Benfleet.

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