Prestige Aluclad (ni) Ltd

Prestige Aluclad (NI) Ltd, based in Craigavon, UK, is a small holding company with an active status, established six years ago in September 2018. The company holds £89,004 in assets and operates from a real address, managed by one director and one owner. It’s a regular importer, primarily of wood and wood products, with recent activity recorded in May 2024.

The company’s website highlights its specialization in bespoke Aluclad window and door solutions for Northern Ireland. It positions itself as the region’s leading supplier, boasting over 25 years of experience and a focus on high-performance products. The business has recently merged with Youghal Glass, a company with a 20-year history, expanding its reach and product offerings. Prestige Aluclad operates showrooms across Northern Ireland and the Republic of Ireland, catering to both residential and commercial clients. The website details a wide range of window and door types, emphasizing energy efficiency, security, and design flexibility. It also showcases a gallery of completed projects and encourages customer inquiries.

Financially, Prestige Aluclad (NI) Ltd presents a mixed picture. Current assets have increased by 120% to £89,000, while cash reserves have seen a significant jump of 240% to £58,000. However, retained earnings have plummeted by 110% to -£240, and net assets are also negative. Creditors have also increased substantially, with "within one year" creditors soaring by 4,900% to £110,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the sharp decline in equity is concerning. The lack of an auditor (likely exempt as a small company) means the figures are unaudited.

Overall, Prestige Aluclad (NI) Ltd seems to be experiencing some financial strain, despite increased assets. The recent merger and expanded showroom network suggest ambitious growth plans, but the company will need to manage its liabilities carefully to ensure long-term sustainability.

Registered in Northern Ireland under the registration number NI655696, with a registered address at BT63 5WG, Northern Ireland, Craigavon, Unit 2 Carn Road Business Park, Portadown.

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