Wizard Fireworks Limited

Wizard Fireworks Ltd, based in Cranbrook, UK, is a small, active company founded twelve years ago. It holds £248,611 in assets and operates from a real address, managed by one director and owner. The company regularly imports electrical machinery and equipment, with recent activity recorded three months ago.

The company’s website indicates a “site under construction,” but a contact number and email address are provided. The website also mentions “enquiries on displays and firework sales,” suggesting a focus on fireworks displays and sales, possibly seasonal. The domain name, jordanwizardfireworks.co.uk, implies a partnership or affiliated business, but this is not explicitly stated.

Financially, Wizard Fireworks Ltd presents a mixed picture. While fixed assets increased by 11%, current assets decreased by 14% to £250,000. Bank borrowings decreased by 40%, which is a positive sign, but cash reserves fell significantly by 45% to £61,000. Creditors also decreased by 2.3%, suggesting improved debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in cash reserves and the negative equity (-£330,000) are concerning. No auditor is mentioned, consistent with its status as a small company exempt from an audit.

The company's financial data indicates a potential cash burn, with losses deepening. While the decrease in bank borrowings is encouraging, the reduction in cash reserves suggests the company may be relying on credit or facing challenges in generating sufficient revenue to cover its expenses. The lack of employee data reported is a bit strange, and the negative equity is a red flag.

Registered in England/Wales under the registration number 08395879, with a registered address at TN17 2LP, Cranbrook, Kent, Heathwood Timber Yard, Marden Road.

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