Andquest Limited

Andquest Ltd from Hailsham UK: a small, active company founded four years ago, holds £281,320 in assets, and operates from a virtual address shared by 188 other companies. It's run by two directors and two owners, and functions as an irregular importer of machinery, boilers, and mechanical appliance parts, with just one month of imports recorded as of December 6, 2021. The company’s activities fall under the broader category of "other service activities n.e.c."

While the website is unavailable for direct analysis, the company's profile suggests a focus on importing and potentially distributing industrial equipment. It's likely a B2B operation, supplying parts to businesses rather than directly serving consumers. There’s no indication of an e-commerce presence, so sales likely occur through direct contact or established distribution channels.

Financially, Andquest Ltd presents a mixed picture. While cash reserves are healthy at £190,000, a 5.8% increase from the previous year, net assets have taken a significant hit, plummeting 69% to £50,000. Creditors have more than doubled, rising 150% to £230,000, indicating a greater reliance on borrowed funds. Trade debtors have also increased by 29%, suggesting potential delays in customer payments. On a positive note, other creditors decreased by 32%. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor (likely exempt due to its size) means the financial data is unaudited.

The substantial decrease in equity is a key concern. While the company maintains a solid cash position, the rise in liabilities suggests it may be burning through money faster than it's generating revenue. The increase in trade debtors could be a temporary blip or a sign of credit management issues. It's possible the company has invested heavily in inventory or expansion, but the financial data doesn't provide enough detail to confirm this. The directors, Nicola Jane Cooper and Derkjan Reinaldo Groot, are listed as both directors and owners, and the list of owners was changed six months ago.

Registered in England/Wales under the registration number 12968153, with a registered address at BN27 1DW, United Kingdom, Hailsham, East Sussex, 30/34 North Street.

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