Bathroom Iq Ltd

Bathroom IQ Ltd, based in Bolton, UK, is a small, family-run business with an active status. Founded fourteen years ago in 2011, the company holds £655,301 in assets and operates from a virtual address – twenty-three other companies registered at the same location. It’s managed by two directors and two owners, and employs no staff. The business regularly imports glass and glassware, with eighteen months of import activity recorded, the latest in October 2024.

The company's website is not available, but its activities involve the wholesale of hardware, plumbing, and heating equipment, as well as buying and selling real estate. It also engages in the letting and operating of real estate. The company's core business seems to be focused on supplying these products to trade customers.

Financially, Bathroom IQ Ltd presents a mixed picture. Current assets have fallen by 45%, dropping to £660,000, while net assets have also decreased by 6.7%, settling at £1.1 million. Cash reserves have taken a significant hit, falling 45% to £610,000. Trade debtors have also decreased by 36%, suggesting improved collection rates. However, creditors have surged by 1,100%, reaching £5,200 – a potentially concerning trend. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity warrants attention. As a small company, it is exempt from an audit, so the figures are unaudited.

The company's financial data suggests it's experiencing some turbulence. The increase in creditors could be a sign of cash flow pressures, or perhaps a strategic decision to extend payment terms. Whether the business can maintain its import operations and wholesale activities remains to be seen.

Registered in England/Wales under the registration number 07549820, with a registered address at BL1 4QR, England, Bolton, 7 Chorley New Road.

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