Phoenix Tribology Limited

Phoenix Tribology Ltd, based in Basingstoke, UK, is a small, active company founded 23 years ago. With 14 employees and £889,490 in assets, it operates from a virtual address, managed by three directors and two owners. The company regularly imports and exports optical and medical tools and devices—18 months of import activity and 56 months of export activity recorded—a testament to its international reach.

The company’s website is non-existent, making it difficult to ascertain its specific operations beyond the import/export activities. It operates within the “other business support service activities n.e.c.” industry, a broad category that suggests a diverse range of services.

Financially, Phoenix Tribology Ltd presents a mixed picture. Over the last year, the company's average number of employees has decreased by 36%, dropping to just nine—a significant shift. Cash reserves have also taken a hit, falling 59% to £210,000. While bank borrowings have increased, creditors have significantly decreased by 53%, suggesting improved debt management. Net assets have also declined, dropping 6.3% to £870,000. Trade debtors have also fallen, down 27%. Intangible assets, however, have increased by 37%, likely reflecting investments in development or intellectual property.

The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decline in cash and employee numbers warrants attention. The unaudited financial statements, without an auditor mentioned, rely on director-reported data. It seems the company is facing some financial pressures, but its core business of importing and exporting specialized tools and devices appears to be ongoing.

Registered in England/Wales under the registration number 04422727, with a registered address at RG21 8UQ, United Kingdom, Basingstoke, Hampshire, Worthy House, 14 Winchester Road.

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