Aquaplus Solutions Ltd

Aquaplus Solutions Ltd, based in Letchworth Garden City, UK, is a small, active company founded 22 years ago. With just one employee and £30,662 in assets, it’s a solo-founded operation managed by two directors and a single owner. The company regularly imports miscellaneous metal items, with 19 months of import activity recorded as of May 2024.

Aquaplus Solutions operates as a supplier of luxury bathroom products, representing a select number of manufacturers and catering to independent retailers, architects, interior designers, and developers. Their website showcases a range of high-end bathroom fixtures and fittings from brands like Aquavision, Bonomi, and TERZOFOCO. They’re proud to have been helping to create luxury bathrooms for nearly 25 years. Recent news posts highlight design collections and radiator innovations.

Financially, Aquaplus Solutions Ltd shows some concerning trends. Current assets decreased by 23% to £31,000, while net assets dropped 11% to £19,000. Cash bank on hand fell 21% to £27,000. Trade debtors saw a significant decrease, down 69%, which could be a positive sign of improved collections, but also a sign of reduced sales. On the flip side, creditors increased by 56%, suggesting the company is relying more on credit from suppliers. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so the figures are unaudited. There's also a large increase in 'Other Taxation Social Security Payable' which is a little unusual.

Overall, Aquaplus Solutions Ltd appears to be navigating a period of change. While the business has a strong reputation and a focus on luxury products, the financial data suggests a need to carefully manage expenses and maintain a healthy cash flow.

Registered in England/Wales under the registration number 04613665, with a registered address at SG6 3UF, England, Letchworth Garden City, 9 Fouracres.

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