Lee Game Prestige Ltd

Lee Game Prestige Ltd, based in Harlow, UK, is a small, active company founded three years ago. With four employees and £1,613,528 in assets, it operates from a virtual address—a detail worth noting as 105 companies share this location. The business is owned and directed by Bush Nigel Huw and Game Lee Michael, with two owners listed. It's a regular importer of vehicles, parts, and accessories (excluding trains and trams), with 4 months of import activity recorded, the latest in October 2023. It also exports these items, though less frequently, with just one month of export activity as of March 2024.

The company's website, while not providing detailed information, suggests a focus on the sale of used cars and light motor vehicles. This aligns with its stated industry. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

A closer look at the financial data reveals a mixed picture. While cash bank holdings increased significantly by 200% to £270,000, net assets took a substantial hit, dropping 77% to just £4,200. Trade creditors increased by a whopping 120% to £280,000, which could indicate increased reliance on credit from suppliers. Interestingly, trade debtors decreased dramatically, falling 100% to zero—a positive sign of efficient payment collection. The company’s bank borrowings increased by 2,400% to £29,000.

The significant decrease in equity suggests the company may be burning through cash, although the increased cash holdings may be a temporary influx. The lack of an auditor mentioned (likely exempt as a small company) means these figures are unaudited. It's possible the company is investing heavily in inventory or marketing to grow its business, but the sharp drop in net assets warrants careful monitoring.

Registered in England/Wales under the registration number 13391007, with a registered address at CM17 0ET, United Kingdom, Harlow, Essex, 10-12 Mulberry Green.

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