Prestige Home Solutions Limited

Prestige Home Solutions Limited, based in Bromley, UK, is a small, active company founded ten years ago. With a single employee and £111,463 in assets, it generates £287,737 in yearly revenue. The company operates from a virtual address, registered to 38 other companies, and is led by one director and one owner. Prestige Home Solutions regularly imports iron and steel, with the latest import occurring in December 2023.

The company’s website showcases a range of home installation and improvement services, including UPVC windows, doors, loft insulation, and solar energy solutions, catering to homeowners across several counties. Prestige Home Installations emphasizes its 28 years of combined industry experience and commitment to energy efficiency and sustainability. The website also features customer testimonials, a blog, and a door designer tool, suggesting an active online presence.

Financially, Prestige Home Solutions Limited demonstrates a mixed picture. Turnover increased by 12% to £290,000, a positive sign of growth, however, net assets decreased by 73% to £20,000. Bank borrowings increased by 2,400% to £29,000, and cash reserves fell by 30% to £83,000. Creditors decreased by 18%, indicating improved debt management. Operating profit also increased significantly, rising by 22,000%, and the company’s small size (meeting two of three criteria for small company status) allows for agility. With no auditor mentioned, the financial statements are unaudited.

The surge in bank borrowings and the significant drop in net assets suggest the company may be burning through cash to fuel growth, or perhaps facing unexpected expenses. The increase in turnover, however, indicates that the business is attracting customers and expanding its operations. It’s likely the company is reinvesting profits into marketing and improvements, which is a common strategy for growing businesses.

Registered in England/Wales under the registration number 09119979, with a registered address at BR2 8GP, England, Bromley, Kent, The Beechwood Centre, 40 Lower Gravel Road.

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