Phoenix Seafoods (uk) Ltd

Phoenix Seafoods (uk) Ltd, based in Caterham, UK, is a small, active company founded four years ago. With three employees and £3,794,538 in assets, it operates from a virtual address shared by 172 other companies, a detail that warrants some scrutiny. The company is led by four directors and has one reported owner, Prokidis Kyriacos Vittorio. It’s an irregular importer, primarily dealing in fish and seafood, including shellfish and other water creatures, with recent import activity recorded just two months ago in December 2024.

The company’s website paints a picture of an international trading company supplying container loads of quality frozen seafood to clients worldwide. It aims to develop long-term relationships with suppliers and offers global procurement solutions to importers, wholesalers, distributors, retailers, and restaurant chains. The website highlights services like sourcing, labelling, quality control, logistics, and financing, and lists direct sales to the United States, Canada, Mexico, Latin America, China, and Europe.

Financially, Phoenix Seafoods (uk) Ltd shows a mixed bag. Cash bank on hand decreased by 17% to £540,000, while bank borrowings jumped dramatically, reaching £550,000. Creditors also increased, though at a more moderate 7.4%, while debtors saw a significant rise of 21%. Equity, however, surged by 76% to £1.2 million, likely driven by retained earnings. The company’s small size—meeting two of three conditions for a small company—allows for flexibility, but the increase in bank borrowings and decrease in cash reserves suggests it may be burning through money. The company's unaudited accounts, coupled with the virtual address, raise questions about its overall financial health. It's worth noting that the company's net assets liabilities increased by 11%, which isn't necessarily a bad sign, but it's something to keep an eye on.

Registered in England/Wales under the registration number 13330680, with a registered address at CR3 6PB, United Kingdom, Caterham, Surrey, Suite 1b Quadrant House North, 65 Croydon Road.

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