Prizeshark Ltd

Prizeshark Ltd, based in Witney, UK, is a small, active company founded 20 years ago. With 15 employees and £1,798,962 in assets, it’s a well-established player. The company has five directors and two owners, and operates from a real address. It's an irregular importer of electrical machinery and equipment (just one month of imports recorded in 2023), but a regular exporter (eight months of exports, the latest in November 01, 2024).

Prizeshark is a specialized prizing agency, offering comprehensive support for competitions, incentives, and reward programs. Its website highlights work with major companies like Paramount, ITV, Mr Beast, and Adidas. The business focuses on loyalty and incentives, prize fulfilment, and even has a platform and gamification capability. It boasts partnerships with leading brands, offering merchandise, gift cards, experiences, and even travel arrangements. Case studies showcase successful campaigns, with clients praising Prizeshark’s responsiveness and efficiency.

Financially, Prizeshark Ltd presents a mixed picture. While cash bank on hand has seen a significant increase of 280% to £950,000, current assets have only increased by 30% to £1,800,000. Interestingly, amounts owed to directors have surged dramatically, rising by an unconfirmed amount to £310,000. Trade debtors have also decreased by 22% to £850,000, suggesting a potential shift in payment terms. The company’s net assets have increased by 26% to £530,000, but a sharp increase in creditors—rising 82% to £1,800,000—indicates a greater reliance on borrowing. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the increased debt levels warrant closer attention. No auditor is mentioned, likely due to the company’s exemption as a small entity, so the figures are unaudited.

Registered in England/Wales under the registration number 05340815, with a registered address at OX28 1PB, England, Witney, Oxfordshire, Hexagon Business Centre Elmfield House, New Yatt Road.

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