Phoenix Sealing Limited

Phoenix Sealing Limited, based in Nottingham, UK, is a small, active holding company founded fifteen years ago in 2009. With twenty-four employees and £1,703,723 in assets, it operates from a virtual address – thirty-five companies are registered at the same location, which is a bit unusual. Five directors and one owner oversee the business, which has been through a change in ownership eight years ago.

The company specializes in sealing technology, leak detection, and joint integrity, offering products and services to a range of industries. Its website highlights expertise in high-performance industrial seals, gaskets, and training programs. It also provides leak detection and repair services, and offers torque wrench calibration. The company’s website suggests a focus on engineering and emission reduction, targeting businesses worldwide.

Financially, Phoenix Sealing Limited shows a mixed picture. Current assets have decreased by 4.3% to £1,700,000, while net assets have increased by 19% to £1,000,000. Cash reserves have seen a significant boost, rising 60% to £370,000, which is a positive sign. However, trade debtors have fallen by 21%, which could indicate tighter credit control or reduced sales. Creditors have also decreased by 19%, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are unaudited, and the company is exempt from an audit.

The increase in cash reserves is encouraging, but the decrease in debtors warrants attention. Overall, Phoenix Sealing Limited appears to be a stable, albeit small, business navigating the challenges of a competitive market.

Registered in England/Wales under the registration number 06997157, with a registered address at NG1 5GF, Nottingham, White House, Wollaton Street.

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