Phoenix Naylors Abrasives Ltd

Phoenix Naylors Abrasives Ltd, based in Chesterfield, UK, is a small, active company holding company founded 57 years ago in 1968. With 17 employees and £1,045,906 in assets, it’s a well-established player in its sector. The company is run by one director and one owner, and has a real registered address. It’s been regularly importing stone, plaster, cement, and similar products for 73 months, and exporting them for an impressive 87 months, with the latest export activity in December 2024.

The company’s website reveals it’s a manufacturer and supplier of quality abrasive products, specializing in grinding wheels and related equipment. They cater to a range of industries, including foundry, trade, roll grinding, rubber, rail grinding, and even surgical blade sharpening. They’re part of The Swift And Whitmore Group and emphasize technical solutions and customer care. The site details a wide range of products, from tapered cones to inserted nut cones, and even offers services like surgical blade honing. They proudly adhere to European safety standards (EN12413) and maintain ISO 90012015 certification.

Financially, Phoenix Naylors Abrasives Ltd shows some concerning trends. Current assets have fallen by 8.7% to £1,000,000, while net assets decreased by a more significant 1.7% to £390,000. Cash reserves have plummeted 61% to £47,000, and bank borrowings have fallen by 34% to £160,000. Trade debtors have increased by 2.9% to £560,000. The company's small size (meeting two of three conditions for being a small company) means it’s likely exempt from an audit, so the figures are unaudited. The drop in cash reserves and the increase in debtors suggest the company might be facing some cash flow challenges, although the decrease in creditors is a positive sign. The company’s workforce has also decreased by 24% to 13 employees, which could be due to restructuring or changing market conditions. It’s difficult to say for sure without more information, but these trends warrant closer monitoring.

Registered in England/Wales under the registration number 00929557, with a registered address at S41 9QJ, United Kingdom, Chesterfield, Derbyshire, Bridge Way Broombank Road, Chesterfield Trading Estate.

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