Prestige Trade Limited

Prestige Trade Limited is a small, active company based in Manchester, UK, founded seven years ago in 2018. It’s a solo-founded operation with one director and owner, holding £14,968 in assets and operating from a real address. The company is regularly importing vehicles, parts, and accessories (excluding trains and trams), with the latest import activity recorded three months ago. It’s a tight-knit operation, and the business operates in the non-specialised wholesale trade, the retail sale via mail order houses or via internet, and the other retail sale in non-specialised stores.

The company’s website, prestige-trade.co.uk, is a simple e-commerce site selling vehicle parts and accessories. It features a limited product range, with a focus on car parts and accessories. While the site is functional, it lacks detailed product descriptions and high-quality images, suggesting a basic online presence. The site's design is dated, and it lacks modern e-commerce features like customer reviews or a wish list.

Financially, Prestige Trade Limited presents a mixed picture. Current assets have increased by 84% to £15,000, but net assets remain negative at -£31,000. Bank borrowings have decreased by 15% to £29,000, while cash reserves have increased by 120% to £13,000. Creditors have increased by 230% to £17,000 within a year, and other creditors have increased to £12,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the negative equity raises concerns. No auditor is mentioned, likely due to the company's small size and exemption from audit. The accounts are described as "filleted" and unaudited.

In short, Prestige Trade Limited is showing signs of growth in assets and cash, but it’s still operating at a loss. The simple e-commerce site suggests a focus on cost-effectiveness, but the dated design and lack of advanced features may limit its potential. Whether the company can turn a profit and sustain its growth remains to be seen, but it's holding steady for now.

Registered in England/Wales under the registration number 11273068, with a registered address at M34 5JR, England, Manchester, 14 West View, Audenshaw.

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