Prism Power Ltd

Prism Power Ltd, based in Watford, UK, is a small holding company with an active status, having been incorporated 21 years ago in August 06, 2003. Employing 45 people, the company holds £4,986,904 in assets and operates from a real address. With four directors and one owner, Prism Power is a regular importer and exporter of electrical machinery and equipment, having imported for six months and exported for fourteen months.

The company’s website paints a picture of a specialist provider of switchgear and critical power solutions. Prism Power doesn’t appear to be an e-commerce business; instead, it functions as a B2B supplier, offering a range of products and services including switchgear, critical systems, intelligent solutions, and maintenance services. They cater to diverse sectors like data centres, utilities, transport, public sector, retail, commercial, and industrial manufacturing. The website highlights bespoke solutions, turnkey projects, and a focus on high-integrity products and compliance. They even have a division dedicated to apprentices.

Financially, Prism Power Ltd shows some concerning trends. Cash and cash equivalents plummeted by 130%, falling to -£140,000. Bank overdrafts, however, ballooned by 790%, reaching £420,000, indicating a reliance on short-term borrowing. Creditors increased by 31%, to £4,700,000, while net assets decreased by 57%, to £420,000. While trade debtors grew by 47%, to £4,400,000, this could be a sign of delayed payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) does allow for agility, but the significant decrease in equity raises questions about its financial health. The average number of employees decreased slightly, by 6.7%, to 42. No auditor is mentioned, likely due to the company’s status as a small company.

Overall, Prism Power Ltd appears to be facing financial pressures despite its established presence and diverse range of services. The surge in borrowing and decline in equity suggest a need for careful management of cash flow and potentially a reevaluation of its business strategy.

Registered in England/Wales under the registration number 04858593, with a registered address at WD18 8RH, Watford, Hertfordshire, Caxton Court Caxton Way, Watford Business Park.

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