Doug Phillips Limited

Doug Phillips Ltd, based in Maldon, UK, is a small holding company with an active status, celebrating 20 years since its founding. Employing 36 people and holding £4,457,781 in assets, the company operates from a real address and is managed by three directors and one owner. Google users rate it a perfect 5.0 based on a single review. Doug Phillips Ltd is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with recent import activity recorded just two months ago.

The company’s website showcases Doug Phillips Ltd as a leading supplier of high-quality joinery, specializing in bespoke carpentry and joinery for a range of prestigious projects. From international sports stadiums to exclusive private residences, the company has a long history of delivering complex projects on time and within budget. It operates two distinct divisions: a core joinery business and a separate piano restoration venture, 1066 Pianos, which boasts a showroom in Harrods. The website highlights the company’s commitment to British craftsmanship and family ownership.

Financially, Doug Phillips Ltd presents a mixed picture. While cash reserves increased by 15% to £1.4 million, creditors surged by 66% to £2.8 million—a significant increase. Trade debtors also rose considerably, jumping 55% to £3.1 million. On a positive note, net assets grew by 13% to £2.2 million, and average employee numbers decreased slightly by 5.6%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rising debt levels warrant attention. The company's accounts are unaudited, and no auditor is mentioned.

Overall, Doug Phillips Ltd appears to be navigating a period of growth and expansion, but it’s important to keep an eye on its debt levels to ensure long-term financial stability. The dual focus on joinery and piano restoration provides diversification, but the financial health of each division will be key to the company’s continued success.

Registered in England/Wales under the registration number 05455913, with a registered address at CM9 6FF, England, Maldon, Essex, Blackwater House West Station Business Park, Spital Road.

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