Phoenix Build & Developments Ltd

Phoenix Build & Developments Ltd, based in Chorley, UK, is a small, active company established 14 years ago. With two employees and £241,645 in assets, it’s a solo-founded operation led by a single director and owner. The company boasts a stellar 5.0 Google rating from one review, and is an irregular importer of aluminum and aluminum products, with the last import recorded one month ago.

The company operates in the development of building projects, and its website, Phoenix Construction, highlights a focus on extensions, renovations, loft conversions, and new build homes in Hertfordshire. The site emphasizes a 20-year track record, an experienced team, and a commitment to turning approved plans into real results. It even includes drone footage and time-lapse videos showcasing its work.

However, the financial picture is a little concerning. Net assets have plummeted 84%, dropping to just £10,000. Cash reserves have also suffered, falling 41% to £40,000. While creditors have decreased by 24%, suggesting improved debt management, the significant drop in equity is a red flag. Trade debtors have also fallen, down 31% to £200,000. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, so the accounts are unaudited.

It’s clear that Phoenix Build & Developments Ltd is facing financial pressures despite its strong reputation and active status. The company’s reliance on a single owner and director could also be a vulnerability. The sharp decline in equity suggests the business is burning through money, and it will be interesting to see if it can recover.

Registered in England/Wales under the registration number 07528827, with a registered address at LE7 9WE, Tugby, Leicestershire, Tugby Orchards, Wood Lane.

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