Phoenix Worldwide Ltd

Phoenix Worldwide Ltd, based in Leeds, UK, is a small, active company established 28 years ago. With 12 employees and £557,210 in assets, it’s a well-established player in the UK market. Boasting a perfect 5.0 Google rating from 4 reviews, the company operates from a real address and is managed by three directors and three owners. It regularly imports vehicles, parts, and accessories – a trend that’s continued for the past four months.

The company’s website reveals a focus on wholesale clothing and footwear, operating as a work clothes shop in Leeds. It’s a private limited company with a long history, and its website details a range of services, including sourcing and supply chain management. While the site doesn's explicitly mention e-commerce, its focus on wholesale suggests a business-to-business model, catering to retailers and distributors.

Financially, Phoenix Worldwide Ltd presents a mixed picture. Current assets increased by 9.7% to £560,000, while net assets also rose by 3.4% to £230,000. However, bank overdrafts remained steady at £2,900. Trade debtors increased significantly, jumping 21% to £360,000, which could indicate growing sales but also potential issues with collections. Cash reserves decreased by 24% to £56,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in debtors warrants attention. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company’s recent trend of importing vehicles, parts, and accessories, combined with the growth in debtors, suggests a period of expansion. Whether this growth is sustainable, and whether the company can effectively manage its receivables, remains to be seen.

Registered in England/Wales under the registration number 03213754, with a registered address at LS7 1RF, England, Leeds, Call House, Enfield Street.

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