The Fireworks Firm Ltd

The Fireworks Firm Ltd, based in London UK, is a small, active company founded 18 years ago. With nine employees and £92,241 in assets, it generates a yearly revenue of £312,995. The company, which has two directors and one owner, operates from a real address and is an irregular importer, primarily dealing with electrical machinery and equipment—its last import operation was in December 2023.

The company’s website is minimal, suggesting a focus on direct sales rather than a complex e-commerce platform. It appears the business concentrates on selling fireworks, likely through a physical location or direct order fulfillment.

Financially, The Fireworks Firm Ltd shows a mixed picture. While turnover increased by 12% to £310,000, net assets grew by 25% to £420,000, and gross profit increased by 34% to £180,000, there are some concerning trends. Cash bank on hand increased by 29% to £67,000, but interest payable surged by an astounding 880% to £13,000. Administrative expenses decreased by 16% to £84,000, which is good, but trade debtors increased by 19% to £2,500. The company’s size—meeting two of three criteria for a small company—allows for flexibility, but the spike in interest payments suggests a reliance on borrowing. The accounts are unaudited, as is typical for small companies.

The increase in interest payable could be due to a number of factors, such as increased borrowing to support growth or changes in interest rates. The decrease in administrative expenses might indicate improved efficiency, but it’s important to monitor this trend to ensure it’s sustainable. Overall, The Fireworks Firm Ltd seems to be operating, but the financial data suggests it's burning through cash.

Registered in England/Wales under the registration number 06188124, with a registered address at W3 9BD, London, 4 Park Parade, Gunnersbury Avenue.

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