W E Phillips Limited

W. E. Phillips and Sons Ltd, based in Honiton, Devon, is a family-run agricultural building specialist with an active trading status. Established in 1951, the company has steadily grown over the decades, now employing a team of around 20 people and holding assets valued at approximately £140,000. With two directors and a real registered address, it’s a well-established business serving the West Country farming community. The company regularly imports materials and equipment, with 3 months of import activity recorded.

The company’s website highlights its expertise in agricultural building solutions, from steel portal frame buildings to concrete slurry lagoons and milking parlours. It’s clear they’re not an e-commerce business, but rather a service provider offering design, planning, and construction services. The website also mentions a Facebook page and a move to a new workshop, indicating ongoing development and engagement with customers.

Financially, W. E. Phillips and Sons Ltd presents a mixed picture. Current assets decreased by 3%, falling to £160,000, while net assets increased by 21%, reaching £71,000. Cash reserves also declined, dropping 2.8% to £160,000. Interestingly, bank borrowings increased significantly, and creditors decreased, suggesting improved debt management. The company meets two of three criteria to be considered small, with turnover under £10.2m and assets under £5.1m. With no auditor mentioned, the unaudited financial statements rely on director-reported data.

Overall, W. E. Phillips and Sons Ltd appears to be a stable, albeit somewhat cash-strapped, business. The increase in net assets is a positive sign, but the decrease in cash reserves warrants attention. The company’s long history and strong reputation in the agricultural sector provide a solid foundation for future growth, but careful financial management will be essential to navigate any challenges.

Registered in England/Wales under the registration number 08981322, with a registered address at NG1 6EB, Nottingham, Nottinghamshire, 86 Friar Lane.

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