{"name":"PHOENIX PRODUCT DEVELOPMENT LIMITED","company_number":"03681995","status":"Active","type":"Private Limited Company","incorporated":"1998-12-10","dissolved":null,"registered_office":"3 Repton Court, Basildon, United Kingdom, SS13 1LN","postcode":"SS13 1LN","sic_codes":[{"code":23420,"description":"Manufacture of ceramic sanitary fixtures"}],"principal_activity":null,"previous_names":[],"warnings":[],"accounts":{"category":"Small","year_end":"31 March","last_made_up_to":"2024-12-31","next_due":"2026-12-31"},"employees":{"count":22,"accounts_date":"2024-12-31"},"financials":[{"financial_date":"2024-12-31","net_assets":-2708278,"cash":81232,"average_employees":22},{"financial_date":"2023-12-31","net_assets":63984,"cash":340849,"average_employees":25},{"financial_date":"2022-12-31","net_assets":1591476,"cash":584577},{"financial_date":"2021-12-31","net_assets":533243,"cash":164892},{"financial_date":"2020-12-31","net_assets":2369931,"cash":1078457}],"officers":{"current":2,"resigned":22,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":0,"outstanding":0},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"Phoenix Product Development Limited operates as a niche cleantech innovator within the UK sanitary fixtures sector, developing the water-saving Propelair system. Despite a compelling regulatory tailwind from tightening water efficiency standards and credible institutional backing from Investec and the [name withheld] family, the company's financial position has deteriorated markedly in 2024, with negative net assets of £(2.7M), accumulated losses of £(23.5M), and a material going concern uncertainty explicitly acknowledged by directors. After 26 years of operation without achieving sustained profitability, Phoenix remains critically dependent on investor forbearance and the successful commercialisation of new revenue streams planned for 2026 to survive.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/phoenix-product-development","people":"https://www.companiesintheuk.co.uk/company/phoenix-product-development/people","filing_history":"https://www.companiesintheuk.co.uk/company/phoenix-product-development/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/03681995","financials":"https://www.companiesintheuk.co.uk/company/phoenix-product-development/financial","control":"https://www.companiesintheuk.co.uk/company/phoenix-product-development/control","charges":"https://www.companiesintheuk.co.uk/company/phoenix-product-development/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/phoenix-product-development/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/phoenix-product-development"}