Prestige & Performance Cars Limited

Prestige And Performance Cars Limited from Iver UK: small company, active status, founded 28 years ago, 13 employees, £1,497,852 assets, real address, 3 directors, 2 owners, family business. Regular importer of none (3 months imported).

Prestige & Performance Cars Limited is a small, family-run dealership based in Iver, UK, with a longstanding commitment to excellence. Established 28 years ago, the company employs 13 people and holds £1,497,852 in assets. It operates from a real address and is overseen by three directors and two owners. The business, which has an active trading status, imports occasionally, with its last import operation recorded three months ago in 2018.

The company’s website showcases a new dealership specializing in used prestige and performance cars. Backed by over 25 years of family automotive experience, Prestige & Performance Cars aims to serve the Wakefield area with high-quality vehicles and exceptional customer care. The website highlights expertise in prestige and performance cars, a precisely chosen selection of vehicles, exceptional customer service, an unwavering commitment to quality with a 6-month warranty, and hassle-free convenience including nationwide delivery and part exchange options. Beyond car sales, the dealership also offers alloy wheel repair and refurbishment services.

Financially, Prestige & Performance Cars Limited shows a mixed picture. Current assets have decreased by 33% to £1,500,000, while net assets have fallen 10% to £1,900,000. Bank borrowings have increased significantly, rising by 800% to £65,000, and cash reserves have dropped 35% to £400,000. Creditors have also decreased by 13%, suggesting improved debt management. The company’s small size—meeting two of three conditions for a small company—helps it remain agile. There’s no auditor mentioned, which is likely due to the company’s exemption as a small business.

Overall, Prestige & Performance Cars Limited appears to be navigating a period of change. While the dealership’s focus on customer service and quality vehicles is commendable, the decline in assets and increase in borrowings suggests a need for careful financial management.

Registered in England/Wales under the registration number 03219800, with a registered address at SL0 0EE, England, Iver, Watergate Farm, Cherry Tree Lane.

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