3q Industrial Supplies Limited

3q Industrial Supplies Ltd from Grimsby UK: a small, active company founded 23 years ago, employs 28 people, and holds £2,761,336 in assets. With three directors and one owner, the business operates from a real address and regularly imports machinery, boilers, and mechanical appliances—parts for 92 months, with the latest import in February 2025. It also exports optical and medical tools and devices, though less frequently, with just six months of export activity recorded as of August 022.

The company’s primary focus is the wholesale of other machinery and equipment, operating within a competitive industrial supply market. While a website isn’t available for review, the business likely serves a B2B customer base, supplying various industries with essential equipment and parts.

Financially, 3q Industrial Supplies Ltd presents a mixed picture. Current assets have decreased by 7.1% to £2,800,000, while net assets have fallen 16% to £1,500,000. Cash reserves have also declined by 16%, dropping to £1,800,000. Trade debtors have increased by 22%, reaching £810,000, suggesting a possible shift in payment terms or an increase in sales on credit. Creditors have also risen significantly, by 33%, reaching £780,000. Bank borrowings have decreased by 20%, falling to £600,000. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the decrease in equity raises concerns. No auditor is listed, which is typical for small companies.

Overall, 3q Industrial Supplies Ltd appears to be navigating a period of change. While sales seem to be growing, the decrease in equity and the rise in creditors suggest the company is burning through money. Whether this is a temporary setback or a longer-term challenge remains to be seen—but for now, 3q Industrial Supplies Ltd is relying on its established customer base and efficient operations to weather the storm.

Registered in England/Wales under the registration number 04385964, with a registered address at DN31 2TN, Grimsby, South Humberside, Unit 1, The Drawing Court, Gilbey Road.

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