Phoenix Transport Services Limited

Phoenix Transport Services Limited, based in North Shields, UK, is a small, active company established 26 years ago. With two employees and £79,106 in assets, it operates from a real address and is overseen by a single director and owner. The company holds a respectable 4.0 Google rating based on 22 reviews, and functions as an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with just one month of import activity recorded in 2021.

The company’s website showcases its focus on providing reliable transportation services, particularly minibus taxi services across North Wales and beyond. It caters to various needs, from school transport to wheelchair accessible vehicles, emphasizing comfort and safety. The site also highlights its status as an approved transport contractor for local councils and boasts a 100% OCRS safety score. It's clear the business is focused on providing transport solutions, and has a modern fleet.

Financially, Phoenix Transport Services Limited shows a mixed picture. While current assets increased by 35% to £79,000, net assets plummeted 55% to just £4,300—a significant drop. Bank borrowings decreased by 36% to £18,000, and cash reserves fell 42% to £14,000. Creditors increased by 52% to £60,000, and trade debtors increased by 87% to £65,000. The company meets two of three criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the figures are unaudited.

These trends suggest Phoenix Transport Services Limited is facing financial pressures, despite its strong reputation and focus on customer service. The increase in creditors and decrease in cash reserves are concerning, although the increase in trade debtors could be a result of expanding its customer base. The company’s long-standing presence and focus on a niche market—transport services—should provide a foundation for future growth, but careful financial management will be essential.

Registered in England/Wales under the registration number 03661674, with a registered address at NE30 1AR, United Kingdom, North Shields, 29 Howard Street.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.