The Fire Boutique Limited

The Fire Boutique Limited is a small, active company based in Chichester, UK, founded just one year ago in April 2023. With £20,522 in assets and a virtual address registered with 220 other companies, it’s a solo-founded operation run by a single director and owner, Minh Ngo Khoa. The business operates an e-commerce site specializing in fireplaces and related products, offering a wide range of options from wood burners to bioethanol fires.

The company’s website, The Fire Boutique, showcases a diverse selection of electric, gas, and multifuel fireplaces, alongside accessories and expert advice. It emphasizes competitive pricing and a large stock, inviting customers to explore its offerings and contact its team for assistance. The site’s design is clean and modern, with clear calls to action and a focus on visual appeal. It seems to be doing a good job of attracting customers, with a professional look and feel.

Financially, The Fire Boutique Limited presents a mixed picture. While current assets remain stable at £21,000, equity has declined to just £5,500, a significant drop from £5,400 the previous year. Bank borrowings have also increased, reaching £15,000, and cash reserves are low at just £1,800. Creditors have remained steady at £15,000, suggesting consistent supplier relationships. 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 nimble, but the decrease in equity is concerning. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

Overall, The Fire Boutique Limited appears to be operating, but facing financial pressures. It’s a young company still finding its footing in a competitive market, and the management will need to keep a close eye on its cash flow and profitability to ensure long-term sustainability.

Registered in England/Wales under the registration number 14828809, with a registered address at PO20 2EW, England, Chichester, West Sussex, Drayton House, Drayton Lane.

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