Phoenix Tools & Diamonds Limited

Phoenix Tools & Diamonds Limited, based in Kingsteignton, UK, is a small, active company founded fifteen years ago. With three employees and £300,058 in assets, it operates from a real address within a business park. The company, led by two directors and a solo founder, runs an e-commerce site and enjoys a stellar 5.0 Google rating from thirty reviews. It’s a regular importer of basic metal tools and utensils, with activity spanning eleven months, and has occasionally exported vehicles, parts, and accessories—though only for one month.

The website showcases a vast array of tools and equipment, catering to both professional tradespeople and DIY enthusiasts. From power tools like DeWalt and Makita to hand tools, workshop supplies, and PPE, Phoenix Tools offers a comprehensive selection. The site also features a range of fixings, sealants, and adhesives, alongside brands like Armorgard, Heller, and Senco. A dedicated section highlights tool kits, socket sets, and other essential accessories, while a blog provides helpful tips and advice. The site’s layout is well-organized, with clear categories and search functionality, making it easy for customers to find what they need.

Financially, Phoenix Tools & Diamonds Ltd presents a mixed picture. Current assets have decreased by 16%, dropping to £300,000, while net assets have also declined by 7.9%, settling at £120,000. Bank borrowings have remained consistent at £37,000. Trade debtors have significantly reduced by 39%, to £45,000, which could indicate improved collection efforts, but cash reserves have also fallen by 18%, to £120,000. Creditors have decreased by 23%, to £37,000. The company's small size—meeting two of three criteria for being a small company—helps it remain flexible, but the decline in cash reserves warrants attention. No auditor is mentioned, which is typical for companies of this size.

Overall, Phoenix Tools & Diamonds Limited appears to be a well-regarded online retailer navigating the challenges of a competitive market. While the financial numbers suggest some pressures, the company’s strong online presence and diverse product range position it for continued success.

Registered in England/Wales under the registration number 07189079, with a registered address at TQ12 3XF, United Kingdom, Kingsteignton, Newton Abbot, Unit 1 Sandygate Business Park.

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