Phoenix Strength Ltd

Phoenix Strength Ltd, based in Builth Wells, UK, is a small, active company founded three years ago. With just one employee and £1 in assets, it's a solo founder operation managed by a single director and owner. The company's status is currently overdue for confirmation by two months. It operates in the retail sale via mail order houses or via internet industries.

The company’s website, phoenixstrength.co.uk, appears to be non-functional, suggesting a lack of active e-commerce operations. This makes it difficult to ascertain the extent of their online presence and sales activities.

Financially, Phoenix Strength Ltd is showing signs of distress. Current assets have plummeted by a staggering 100% to just £1, while cash reserves have also vanished completely. Creditors have decreased by 48%, suggesting an attempt to manage debt, but net assets have dropped by 37% to -£5,300. Trade debtors have also disappeared entirely. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain agile, but the sharp decline in equity is concerning. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

The company's financial situation suggests it's burning through cash, although the reasons behind this are unclear. It's possible the company is facing challenges in generating sales or managing expenses. The lack of an active website and the significant drop in assets and cash reserves raise questions about its long-term viability.

Registered in Wales under the registration number 13845948, with a registered address at LD2 3TG, Wales, Builth Wells, Coedmawr, Disserth.

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