Ronald Phillips Limited

Ronald Phillips Ltd is a small, active company founded 72 years ago in 1952, a remarkable feat for a business of its size. Based in London, it employs 15 people and holds assets valued at £15,465,816. The company, with two directors and a single owner who is also the solo founder, operates from a real address and has a long history of importing and exporting art and antiques – 5 months of imports and 27 months of exports.

The company's website isn't readily available, so it's difficult to determine if it operates an e-commerce platform. However, it's clear that Ronald Phillips Ltd focuses on the retail sale of antiques, including antique books, catering to a discerning clientele.

A review of the company’s financial data reveals some interesting trends. While current assets increased by 7.7% to £15 million, net assets remained steady at £10 million. Bank borrowings surged by 62% to £400,000, and cash reserves increased by 82% to £650,000. Creditors also increased by 42% to £4.4 million, which could be due to increased stock levels to meet demand. The company’s small size—meeting two of three conditions for a small company—allows for flexibility, but the increase in borrowing suggests a need for careful financial management. The company’s auditor, Dyke Yaxley Limited, has provided an unqualified audit opinion.

The company’s focus on importing and exporting art and antiques, combined with its long-standing presence in the market, suggests a business built on expertise and relationships. However, the increase in borrowing and the need for careful debt management are factors to watch in the coming years.

Registered in England/Wales under the registration number 00511581, with a registered address at W1J 6QL, 26 Bruton Street, London.

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