Sherwood Phoenix Ltd

Sherwood Phoenix Ltd from South Lanarkshire UK: a small, active company founded twelve years ago, employs six people, and holds £1,090,516 in assets. It has a real address, is managed by two directors and owned by two individuals. The company regularly imports musical instruments and parts (7 months), and occasionally exports them (1 month). It operates within the "other service activities n.e.c." industries.

The company's website is not available, so it's difficult to determine the nature of its operations beyond the import/export activities. It's likely a B2B operation, supplying instruments or parts to other businesses, rather than a direct-to-consumer retail business.

Financially, Sherwood Phoenix Ltd shows a mixed picture. While net assets decreased by 3.8% to £590,000, cash reserves have plummeted by a significant 72% to £88,000. Bank borrowings have increased, with a particularly large jump in non-financial instruments between two and five years, suggesting the company is relying more on credit. On a positive note, creditors have decreased slightly, and trade debtors have risen by 53%, which could indicate improved debt management, or perhaps extended payment terms for customers. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit, so the financial statements are unaudited.

The significant drop in cash reserves is a cause for concern, and the increase in bank borrowings suggests the company is burning through money. It's possible that the company is investing in growth, but it’s also possible that it’s struggling to manage its cash flow. The directors, Mr. Pringle Stephen and Mr. Rodden John, will need to carefully monitor the company’s finances and take steps to improve its cash flow.

Registered in Scotland under the registration number SC435864, with a registered address at G75 8EP, Scotland, South Lanarkshire, 6 Seymour Green, East Kilbride.

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