Prize Professionals Ltd

Prize Professionals Ltd, based in Southsea, UK, is a small, holding company with an active status. Founded two years ago in November 2022, the company holds £183,252 in assets and operates from a real address. It’s managed by three directors and two owners, and functions as an irregular importer, primarily dealing in iron or steel products with just one month of import activity recorded as of August 2024. The company’s website positions it as a prize fulfilment management partner, offering a range of services from prize sourcing and fulfilment to campaign handling and customer support. It seems they work with agencies and brands to support their prize promotion campaigns.

The website highlights a comprehensive suite of services, including bespoke incentives, prize sourcing, fulfilment, campaign handling, customer service, and winner management. They offer end-to-end campaign management, emphasizing flexibility, collaboration, and results-driven approaches. The site even boasts a "claim a prize" section, suggesting a focus on consumer engagement. It’s clear they’re targeting agencies and brands looking to outsource prize promotion activities.

Financially, Prize Professionals Ltd shows some interesting trends. While cash reserves increased by a respectable 28% to £150,000, net assets saw a dramatic surge, jumping 3,100% to £52,000. Creditors decreased by 16%, suggesting improved debt management, and trade debtors increased by 150%, which could indicate a growing customer base, or perhaps some delayed payments. The number of employees increased from zero to five, which is a significant change and likely reflects increased workload. Despite the positive trends, losses deepened, and bank borrowings increased, which could be a sign of a startup still finding its footing. The company is exempt from an audit, so the figures are unaudited.

Overall, Prize Professionals Ltd appears to be a growing business, capitalizing on the outsourcing trend in prize promotion. The increase in employees and the growth in trade debtors are encouraging signs, but the company should monitor its losses and bank borrowings to ensure long-term financial stability.

Registered in England/Wales under the registration number 14481077, with a registered address at PO4 8DS, United Kingdom, Southsea, Hereworx House, 119 Winter Road.

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