Phillips Commercials Limited

Phillips Commercials Limited, based in Wellsborough, UK, is a small, active company established 17 years ago. With three employees and £676,813 in assets, it operates from a real address and is led by two directors and a solo founder. The company boasts a respectable Google rating of 4.0 based on 13 reviews. It’s an irregular importer, primarily dealing in vehicles, parts, and accessories (excluding trains and trams), with its last import activity recorded one month ago in January 2019.

The company’s website, though not fully detailed, suggests a focus on the sale of other motor vehicles. It's likely an e-commerce operation, offering parts and accessories online, but specific product details are not readily available.

Financially, Phillips Commercials Limited presents a mixed picture. While cash reserves fell by 24% to £510,000, and net assets decreased by 1.8% to £660,000, there are some positive signs. Trade debtors increased significantly by 130%, indicating potentially improved sales or extended credit terms. Creditors also decreased by 45%, suggesting better debt management. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the decrease in equity is worth noting. The company’s average number of employees during the period decreased by 33%, which could be due to restructuring or seasonal fluctuations. The unaudited figures, as is common for small companies, rely on director-reported data.

It's worth noting that the company’s bank borrowings increased significantly, which may be a sign of increased investment or working capital needs. The company’s trade creditors decreased, which could be a sign of improved payment terms or a reduction in outstanding invoices. Overall, Phillips Commercials Limited appears to be navigating a period of change, with both challenges and opportunities ahead.

Registered in England/Wales under the registration number 06292846, with a registered address at CV13 6PB, England, Wellsborough, Warwickshire, The Lake House, Bosworth Road.

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