Addqual Ltd

Addqual Ltd, based in Derby, UK, is a small, active company founded nine years ago in 2015. With seven employees and £261,809 in assets, it operates from a virtual address – a point to note, as 162 companies are registered at the same location. The company is led by a single director and owner, Anderson Ben, and functions as a solo founder operation. It’s a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Addqual’s business model is somewhat unusual. It’s an irregular importer of machinery, boilers, and mechanical appliances, with just one month of import activity recorded in 2019. Simultaneously, it’s an irregular exporter of printed materials – books, newspapers, and pictures – with one month of export activity in 2022. The company’s website reveals a focus on advanced engineering solutions for aerospace, power generation, and medical components. It offers dimensional metrology systems, inspection verification services, and even integrates automation and data management software. The site emphasizes “autonomous inspection and improvement services,” suggesting a focus on efficiency and precision.

Financially, Addqual Ltd’s recent performance presents a mixed picture. While fixed assets increased significantly by 120% to £410,000, cash bank on hand dramatically decreased by 69% to just £28,000. Creditors also increased substantially, with non-financial instruments rising by 110% to £320,000. The company’s net assets have declined by 4.8% to £34,000. Trade debtors increased by 19%, suggesting a possible reliance on customer payments. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited. The company’s average number of employees increased by 43%, from seven to ten, which could explain some of the financial pressures. It’s a small company, and the financial data suggests it’s working hard to maintain its operations, but the decrease in cash reserves is something to watch.

Registered in England/Wales under the registration number 09876459, with a registered address at DE21 6BF, England, Derby, Charlotte House Stanier Way, The Wyvern Business Park.

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