Prestige Auto Group Ltd

Prestige Auto Group Ltd from Telford UK is a small, active company founded nine years ago. With six employees and £687,613 in assets, it operates from a real address and is managed by three directors and two owners. The company regularly imports vehicles, parts, and accessories—excluding trains and trams—with its last import operation recorded nine months ago.

The company’s core business revolves around the sale of other motor vehicles, with a retail focus via mail order and internet industries. It’s a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Its website is currently unavailable, making it difficult to assess its e-commerce presence.

A review of the company’s financial data reveals some concerning trends. While fixed assets increased significantly, by 1600%, this was largely driven by motor vehicle acquisitions. Net assets, however, declined by 13%, falling to £430,000. Bank borrowings surged by 120%, reaching £200,000, and cash reserves remained at £150,000. Creditors also increased by 100%, reaching £38,000. The number of employees reported decreased by 33%, from six to four. It’s worth noting that the company's trade debtors decreased by 21%, suggesting improved collection practices. The financial statements are unaudited, a common exemption for small companies.

Overall, Prestige Auto Group Ltd appears to be facing some financial pressures. The increase in bank borrowings and the decrease in net assets suggest that the company may be burning through cash. However, the decrease in trade debtors indicates improved debt management. The company’s small size allows for agility, but the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 09659505, with a registered address at TF3 3BJ, England, Telford, Unit 14 Stafford Park 12.

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