Phoenix Style Ltd

Phoenix Style Ltd, based in Guildford, UK, is a small, active company founded seven years ago. Employing fourteen people and holding £138,254 in assets, it operates a thriving e-commerce site with a solid 4.0 Google rating from twenty-four reviews. The company is owned by Mengers Megan Paige and directed by Mengers Jason Eden and Megan Paige, and has a real address shared by eight other companies. It regularly imports leather goods, travel bags, and animal harnesses, with the latest import operation recorded four months ago.

The company’s website showcases a curated selection of luxury designer fashion, emphasizing “sustainable” practices. It’s a marketplace for established brands like Chanel, Dior, Gucci, and Valentino, alongside lesser-known labels. The site offers a “buy now, pay later” option and highlights services like handbag restoration and authentication. It’s clear the company is targeting a discerning customer base willing to pay a premium for quality and exclusivity.

Financially, Phoenix Style Ltd’s report reveals some concerning trends. Current assets have decreased by 8.3% to £140,000, while net assets have fallen 25% to £12,000. Bank borrowings have increased by 2.3% to £28,000, and cash reserves have dropped 19% to £16,000. Trade debtors have risen significantly by 45% to £55,000. Despite these declines, the company’s creditors have also decreased by 13% to £110,000. The company is a small entity, meeting two of three conditions for small business status. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The company’s increasing debt and decreasing equity suggest it’s burning through cash, although the decrease in creditors is a positive sign. It's likely the company is investing in inventory and marketing to drive sales, but the trend needs to be monitored closely. It's a bit of a worry, but the strong Google rating and focus on luxury brands suggest a loyal customer base, which could help it weather the storm.

Registered in England/Wales under the registration number 10821268, with a registered address at GU2 8XG, United Kingdom, Guildford, Surrey, C/O A W Associates, Office 43 Regus, Building 2, Guildford Business Park Road.

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