The Costello Group Limited

Bespoke Fireplaces Ltd from St Helens UK: small company, active status, founded 10 years ago, 19 employees, £1,662,713 assets, virtual address, 2 directors, 2 owners. Regular importer of electrical machinery and equipment (15 months imported). Irregular exporter of machinery, boilers, and mechanical appliances; parts (1 months exported). It’s a small, family-run business with an active trading status. Founded ten years ago, the company employs nineteen people and holds £1,662,713 in assets. The registered address is a virtual one, with thirty companies registered at the same location—a bit unusual, but not necessarily a red flag. Two directors and one owner (though it's worth noting that only owners with more than twenty-five percent of shares are published) are at the helm.

The company operates in the other retail sale of new goods in specialised stores industries, and its website showcases a wide range of fireplaces and suites, with a clear emphasis on electric models. The site is currently running a limited-time sale, offering a £250 discount on all fires and suites, ending Monday. The website is very active, with lots of promotions and a clear focus on driving sales. It’s a modern e-commerce operation, with a strong visual presentation and a focus on customer service, offering a showroom in Knowsley and Preston.

Financially, Bespoke Fireplaces Ltd shows some concerning trends. Cash bank on hand has plummeted a staggering 95%, dropping to just £32, leaving the company with very little liquid assets. Creditors have also increased significantly, with current financial instruments up 19% and non-financial instruments skyrocketing by 340%. Debtors have increased by 26%, suggesting potential issues with collecting payments. On the upside, fixed assets have grown by 60%, and investments have decreased to zero. 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 sharp decrease in cash and increase in creditors raises questions. There’s no auditor mentioned, likely exempt as a small company, so the figures rely on unaudited statements.

In short, Bespoke Fireplaces Ltd is facing some financial headwinds. While its website and product range look promising, the company needs to address its cash flow challenges to ensure its long-term sustainability.

Registered in England/Wales under the registration number 09070179, with a registered address at WA10 2TF, St Helens, Merseyside, 54-56 Ormskirk Street.

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