Phoenix Vapers Limited

Phoenix Vapers Limited is a small, active company based in Peterborough, UK, founded seven years ago in 2018. With 49 employees and £727,215 in assets, it operates as a holding company and runs an e-commerce site. The company has two directors and one owner, with Omega City Group owning the business. It's a real address, with only three companies registered there.

The company specializes in the retail of ecigs and eliquids, produced in the UK and analysed by a team of professional chemists. They pride themselves on offering a safer alternative to tobacco, with products available via their website. They also import plastics and plastic products for 18 months, and export miscellaneous chemical products for 13 months.

Financially, Phoenix Vapers Limited’s numbers show some concerning trends. Net assets decreased by 1.2% to £420,000, while bank borrowings increased by 5.7% to £20,000. Cash reserves fell by 91% to a mere £2,400, a significant drop. Trade debtors increased by 890%, which could indicate issues with customer payments, or perhaps a deliberate strategy to offer more credit. Creditors decreased by 18%, suggesting improved debt management. The company meets the criteria to be considered a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The unaudited figures, lacking an auditor's review, rely on director-reported data.

The sharp decrease in cash reserves, alongside the increase in trade debtors, suggests Phoenix Vapers Limited might be burning through money. It's possible that increased sales are driving the need for more credit, but the company will need to manage its cash flow carefully to avoid future problems.

Registered in England/Wales under the registration number 11133744, with a registered address at PE1 5UH, United Kingdom, Peterborough, 1 The Manor Grove Centre, Vicarage Farm Road.

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