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@amey
the good thing about phil bbs is that the chain line can be adjusted/moved a bit.
there is no retaining 'lip' to tighten the drive side cup up against the frame, alternatively it can float' (not the right word) within the shell.
the idea is to achieve the chainline required with the driveside cup installed to where it should be and then the non drive side can then be tightened up against it to achieve the chainline needed.
does that make any sense?
@amey just measured the axle and it's 111mm I'm afraid. I seem to remember being told that the 2mm difference wouldn't matter for when I fitted it but not sure what your set up is. Maybe worth querying with someone in the know.