Prestige Telecom Group Limited

Prestige Telecom Group Ltd from Gosport UK is a small holding company with an active status, founded ten years ago in 2014. Employing forty-four people, the company holds assets of £2,076,583 and operates from a real address. With two directors and three owners reported, it’s a relatively compact organization.

The company's primary focus is providing business telecommunications solutions, including mobile services, VoIP systems, broadband, and leased lines. Their website highlights a commitment to "inspiring connectivity" and serving businesses of all sizes, from single users to large corporations. They emphasize industry experience, personalized tariff analysis, and customer service. The website also showcases a range of services, including virtual landlines, hosted telephony, and business mobile broadband, catering to diverse communication needs. They’ll even help with disaster recovery.

Financially, Prestige Telecom Group Ltd has seen some interesting trends. While cash reserves increased by a healthy 56% to £700,000, net assets also rose by 11% to £300,000. However, bank borrowings have increased by 2.5% to £9,500, and creditors have jumped by 31% to £1.4 million—a significant rise. Trade debtors have decreased by 61%, which could suggest difficulties collecting payments. Average employee numbers have increased by 43% to sixty-three, which is a big jump. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. No auditor is mentioned, likely due to small company exemptions.

The increase in creditors and decrease in debtors might indicate a period of growth and investment, but also potential cash flow challenges. The increase in employees suggests expanding operations, but the company will need to manage its finances carefully to maintain stability. The company’s financial statements are unaudited, so the numbers should be viewed with some caution.

Registered in England/Wales under the registration number 09078091, with a registered address at PO12 4BG, England, Gosport, Hampshire, Units E3-E5, Heritage Way.

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