Phoenix Green Garage Limited

Phoenix Green Garage Limited, based in Hook, UK, is a small, active company established fifteen years ago in 2010. With two employees and £55,302 in assets, it operates from a real address shared by seven other companies. The business is run by two directors and one owner, Benwell Nicholas Harvey. It’s a destination for car enthusiasts, particularly those interested in prewar sports cars.

The company’s website highlights a unique blend of business activities. While it’s a destination for car enthusiasts, it’s also a specialist in the sales and restoration of prewar thoroughbred sports cars, with a showroom even featured in Harrods. The site emphasizes a heritage of museum-grade restorations and even offers consultancy services. The business also has a showroom in Harrods, London.

Financially, Phoenix Green Garage Limited’s performance shows some interesting trends. Cash reserves have surged an incredible 10,000%, reaching £3,000, a significant turnaround. However, net assets have declined by 15%, settling at £110. Bank borrowings have increased by 36%, reaching £12,000, and trade debtors have grown substantially by 190%, indicating potential delays in customer payments. Despite these challenges, creditors have decreased by 54%, suggesting improved debt management. The company’s small size—meeting two of three criteria for being a small company—helps it remain flexible. No auditor is mentioned, which is typical for a small company exempt from an audit.

Overall, Phoenix Green Garage Limited appears to be navigating a period of change. While the surge in cash reserves is encouraging, the increase in borrowings and the decline in net assets warrant close attention. The company’s unique position as a destination for car enthusiasts and a specialist in prewar restorations could be a key factor in its long-term success, but it’s important to monitor its financial health closely.

Registered in England/Wales under the registration number 07203388, with a registered address at RG27 8NZ, Hook, Hampshire, Willan & Willan The Old Post Office, High Street, Hartley Wintney.

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