Prestige Gifting Limited

Prestige Gifting Limited is a holding company based in Halifax, UK, active since its founding nineteen years ago in 2006. Employing sixty-two people, the company operates from a real address within Dean Clough Industrial Park and is overseen by three directors and one owner. It also runs an e-commerce site.

The company’s website showcases a boutique gift shop experience, offering a wide range of items from bouquets and fine champagnes to handmade jewellery and mens skincare. Customers can also take advantage of luxury gift wrapping services. Prestige Flowers also presents its brand new flagship store in Dean Clough Mills, Halifax, and offers wedding and funeral flower services, as well as online ordering. The site highlights weekly offers and a range of gift sets, catering to various occasions.

Financially, Prestige Gifting Limited shows a mixed picture. While cash and cash equivalents increased by 5.8% to £810,000, cash cash equivalents decreased significantly by 81% to £850,000. Net losses deepened considerably, from -£1.3 million to £1.5 million. Borrowings decreased by 65% to £870,000, and staff costs increased by 5.1% to £3.2 million. Creditors increased by 5.2% to £1.8 million, and trade debtors increased by a staggering 890% to £480,000. The company's turnover decreased by 4.3% to £24 million. These figures are unaudited, and no auditor is mentioned.

The significant increase in trade debtors could indicate difficulties in collecting payments, or perhaps an expansion of credit terms to attract more customers. The drop in cash reserves, coupled with the increased net losses, suggests the company is burning through cash faster than it’s generating revenue. It’s possible the company is investing heavily in marketing or expanding its product line, but the financial data paints a picture of a business facing challenges.

Registered in England/Wales under the registration number 05778485, with a registered address at HX3 5WD, England, Halifax, West Yorkshire, Prestige Gifting Limited, G8 Dean Clough G Mill Yard, Dean Clough Industrial Park.

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