Phoenix Import & Export Ltd

Phoenix Import & Export Ltd, based in London, UK, is a small, active company founded four years ago. It has £1,260 in assets, a real address, and is managed by one director and owner. The company regularly imports furniture, lighting, and prefabricated buildings, with five months of import activity recorded, the last operation in July 2022.

The company’s website, Phoenix Import, operates as a wholesale supplier of spiritual, new age, yoga, and lifestyle products. It caters to businesses, offering a wide range of items including statues, organic products, incense, textiles, and jewelry. The site emphasizes sustainable and responsible business practices, donating a percentage of profits to charity. It also highlights its ownership of three brands: Yogi Yogini Meditation, Yogi Yogini Naturals, and Yogi Yogini Yoga Tools.

Financially, Phoenix Import & Export Ltd presents a concerning picture. Current assets have plummeted by a staggering 88%, falling to just £1,300. Net assets have also decreased by 6.2%, dropping to £8,200. Cash reserves have been hit hard, decreasing by 42% to £1,300. Trade debtors remain stable at £8,400, but creditors have dramatically increased by 490%, reaching -£7,000. Bank borrowings have also increased, reaching -£7,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor is typical for a small company, and the accounts are unaudited.

These figures suggest the company is burning through money, and its financial health is in question. While the wholesale business appears active and well-stocked, the sharp decline in assets and the increase in liabilities raise serious concerns about its long-term viability.

Registered in England/Wales under the registration number 12754410, with a registered address at N17 0QT, England, London, Unit H, West Mews West Road, Tottenham.

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