Phoenix Medical Ltd.

Phoenix Medical Ltd, based in Chelmsford, UK, is a small, active company founded eleven years ago in 2014. Employing seventeen people and holding assets of £3,286,093, it operates from a real address and is managed by one director and owner. The company regularly imports optical and medical tools and devices (twenty-two months of activity), and exports salt, sulphur, earths, stone, plaster, lime, and cement (thirteen months).

The company’s website, Phoenix Medical, presents a dual focus: supplying TCM (Traditional Chinese Medicine) products and offering piano restoration services. While the core business revolves around sourcing and distributing herbs, needles, and other TCM supplies, the site also highlights a separate division dedicated to restoring antique and modern pianos, even boasting a presence in Harrods. The website emphasizes quality and expertise in both areas, with a focus on British craftsmanship and family ownership.

Financially, Phoenix Medical Ltd demonstrates a mixed picture. Current assets increased by 19%, reaching £3.3 million, while net assets also grew by 33%, settling at £200,000. Cash bank on hand saw a significant jump of 280%, reaching £710,000, indicating improved liquidity. However, creditors increased by 74%, reaching £1.9 million, suggesting potentially higher short-term obligations. Trade debtors also rose by 12%, to £180,000. The company, meeting the criteria for a small business (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), benefits from agility but faces the challenge of managing increased debt. The accounts are unaudited, likely due to the company's small size.

Overall, Phoenix Medical Ltd appears to be financially stable, with growing assets and strong cash reserves. However, the increase in creditors warrants monitoring. The dual nature of the business—TCM supplies and piano restoration—presents both opportunities and complexities, and it’s unclear how closely the two divisions are integrated.

Registered in England/Wales under the registration number 08921091, with a registered address at CM2 5AR, United Kingdom, Chelmsford, 5 Lonebarn Link.

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