Philip Russell Limited

Philip Russell Ltd, based in Belfast, UK, is a holding company with a solid 56-year history. Currently active, the company employs 228 people and boasts assets of £30,204,752, generating a yearly revenue of £90,869,910. With a real address and six directors overseeing operations, the company is owned by Golf Holdings Ltd. A Google rating of 4.0 from 29 reviews suggests a generally positive customer perception. The company regularly imports drinks, alcohol, and vinegar, with its last import operation recorded in December 2024.

The company’s website indicates a focus on wholesale distribution of alcoholic beverages, tobacco products, and related goods. While the site doesn't explicitly mention e-commerce, the presence of contact information and a telephone number suggests direct sales and customer interaction. A statement on slavery and human trafficking is also featured, demonstrating a commitment to ethical business practices.

Financially, Philip Russell Ltd shows a mixed picture. Accrued liabilities decreased, with current financial instruments dropping by 27% and 17% respectively. However, the company's accumulated depreciation increased, particularly in motor vehicles and plant machinery. Cash and cash equivalents surged by a remarkable 130%, indicating improved liquidity. Despite this, net assets still declined, and bank borrowings increased, suggesting a reliance on external funding. The company’s turnover increased by 5.5%, a positive sign, but the rise in creditors suggests potential challenges in managing short-term debt. The financial statements are unaudited, and the company’s auditor is MTS Convery.

Overall, Philip Russell Ltd appears to be a stable, albeit somewhat leveraged, operation. The company's strong revenue generation and improved cash position are encouraging, but the increased reliance on borrowing and declining equity warrant close monitoring. The holding company structure suggests a broader investment strategy, and the continued success of its import operations will be key to its future performance.

The company operates in Retail → Beverage stores; Retail → Tobacco stores; Wholesale → Beverages → Wine, beer, spirits, other alcoholic beverages; Wholesale → Tobacco products.

Registered in Northern Ireland under the registration number NI007326, with a registered address at BT6 9PR, Belfast, Alanbrooke Road, Castlereagh Ind. Estate.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.