Phoenix Vinyls Ltd

Phoenix Vinyls Ltd, based in Dundee, UK, is a small, active company founded just two years ago. With two employees and £73,775 in assets, it’s a solo-founded operation overseen by one director and owner. The company enjoys a stellar 5.0 Google rating from five reviews, a testament to its customer service. It operates in the retail sale via mail order houses or via internet industries.

The company's website isn't currently live, so it's difficult to determine the specifics of its online presence. However, the description suggests a focus on vinyl records or related products, likely sold directly to consumers through an online store. It’s possible they also participate in online marketplaces like eBay or Discogs.

Financially, Phoenix Vinyls Ltd shows a positive trend. Current assets have increased by a substantial 65%, reaching £74,000, while cash bank on hand has doubled to £6,400. Trade debtors have also seen a significant jump, rising 370% to £7,400, which could indicate increased sales or extended payment terms for customers. Equity has grown significantly, increasing 260% to £40,000, a good sign for the company’s long-term health. However, creditors have also increased, rising 1.5% to £34,000. Taxations and social security payable have increased 150% to £6,500. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble. The accounts are unaudited, as is common for small companies, and no auditor is mentioned.

Overall, Phoenix Vinyls Ltd appears to be in a healthy position, experiencing growth in assets and equity. The increase in debtors should be monitored to ensure timely payments, but the positive trends suggest the company is well-managed and positioned for continued success.

Registered in Scotland under the registration number SC733052, with a registered address at DD1 4JG, Scotland, Dundee, 22 Mid Wynd.

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