Phoenix Biz Solutions Ltd

Phoenix Biz Solutions Ltd, based in Cardiff, UK, is a small holding company with an active status, established thirteen years ago. The company employs eleven people and holds £869,590 in assets. It operates from a real address and is led by one director and one owner, currently sporting a 3.0 Google rating based on twelve reviews. Phoenix Biz Solutions regularly imports various textile products, sets, used clothing, and rags, with the last import operation occurring three months ago.

The company's website reveals a diverse range of services, positioning itself as more than just an IT service provider. It incorporates technology into business and revenue-building tools, offering a portfolio of digital solutions across various industries. Products include a Daily Deal Merchant ERP, eCommerce Pro, and a cloud-based repeat prescription management solution. The website also highlights services like API integration, B2B system integration, and business process outsourcing, catering to a broad spectrum of client needs. It's clear they are trying to be a technology partner, not just an IT provider.

Financially, Phoenix Biz Solutions Ltd presents a mixed picture. While cash bank on hand has impressively grown by 650% to £380,000, net assets remain consistent at £71,000. However, creditors have significantly increased by 360% to £760,000, and net losses deepened, suggesting the company is burning through cash. Bank borrowings have also decreased, which is good. 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 agility, but the increase in creditors and losses raise concerns. There’s no auditor mentioned, so the financial statements are unaudited. The company’s management has elected not to deliver a profit and loss account.

Registered in England/Wales under the registration number 07728683, with a registered address at CF3 6YP, United Kingdom, Cardiff, Wales, 27 Rhodfa Lewis, Old St Mellons.

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