Phoenix Hire & Sales Limited

Phoenix Hire & Sales Ltd, based in Farnborough, UK, is a sizable company with a history stretching back 17 years. Employing 84 people, it holds assets worth £5.9 million and generates an impressive £15.3 million in revenue annually. As a holding company with an active status, it operates from a real address and is overseen by three directors and one owner. The business specializes in importing and exporting machinery, boilers, and mechanical appliances, with a strong focus on parts—15 months of export activity and 63 months of import activity recorded.

The company's website paints a picture of a one-stop shop for construction and civil engineering equipment. It offers a wide range of products, from plant sales (including Ammann compaction equipment and Thwaites dumpers) to smaller tools like generators and nail guns. It also provides services like surveying and safety training. The website’s comprehensive catalog and online portal suggest a focus on customer convenience and a desire to cater to diverse project needs.

Financially, Phoenix Hire & Sales Ltd presents a mixed bag. Current assets decreased by 15% to £5.9 million, while net assets remained steady. Bank borrowings decreased by 36% to £110,000, and cash reserves plummeted 100% to just £220. Creditors increased by 54% to £7.3 million, suggesting a reliance on trade credit. The company meets two of three criteria to be considered a large company, with turnover over £36 million, balance sheet total over £18 million, and average number of employees over 250. The audit fees remained consistent at £17,000.

The significant increase in creditors, despite a decrease in bank borrowings, could indicate a shift in financing strategies or perhaps challenges in managing cash flow. The company’s ongoing import and export activity, coupled with its broad product range, suggests a resilient business model, but the financial trends warrant closer monitoring. The company’s auditor is Green & Co.

Registered in England/Wales under the registration number 06491878, with a registered address at GU14 7QU, United Kingdom, Farnborough, Hampshire, Impression House Invincible Road Industrial Estate, 31 Invincible Road.

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