Phillips Foils Limited

Phillips Foils Ltd, based in Basildon, UK, is a small, active company founded 37 years ago in 1987. With eight employees and £603,994 in assets, it's a well-established operation. The company has a real registered address and is overseen by two directors and one owner. Phillips Foils regularly imports tanning and dyeing products (8 months of activity) and exports aluminum and aluminum products (3 months).

The company’s website lists a wide range of locations across the UK, suggesting a distribution network. It seems to be a business-to-business supplier, catering to various industries. The site's simple design and focus on location listings point to a practical, no-frills approach.

Financially, Phillips Foils Ltd shows some interesting trends. Cash bank on hand has fallen significantly, decreasing by 47% to £100,000. Creditors have also decreased, dropping by 23% to £230,000, which could indicate better management of short-term liabilities. However, net assets remain relatively stable at £670,000. The company’s small size (meeting two of three conditions for being a small company) helps it stay nimble. Trade debtors have increased by 5.7%, which may be a good thing, but could also mean customers are taking longer to pay. The lack of an auditor mentioned is not surprising, as the company is likely exempt due to its size.

The company’s current assets have fallen by 10% to £600,000. It’s a bit of a mixed bag, but overall, Phillips Foils Ltd appears to be a solid, if somewhat understated, business—although it would be good to see a bit more cash on hand.

Registered in England/Wales under the registration number 02207448, with a registered address at E15 1XH, England, London, Burrell House, 44 Broadway.

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