Qk Boutique Ltd

QK Boutique Ltd, based in Manchester, UK, is a small, active company founded six years ago. With five employees and £93,203 in assets, it operates an e-commerce site selling clothing, shoes, and accessories. The company has one director and one owner, Kashif Qurat-ul-ain, and is registered at a real address shared by only one other business. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company’s website, QK Boutique Online Fashion Store, showcases a wide range of products, including EID collections, bridal wear, casual wear, party wear, kids' clothing, shoes, and pouches. It offers a user-friendly online shopping experience with clear categories, product images, and a secure checkout process. The site also features a blog with style tips and fashion advice, and social media links to engage with customers. It’s a nice store.

Financially, Qk Boutique Ltd is facing some challenges. Current assets have decreased by 22%, dropping to £93,000, and net assets have fallen significantly by 45%, reaching -£130,000. Cash bank on hand has also declined by 8.3%, to £920. Creditors have increased by 6%, reaching £240,000, and loans from directors have risen to £240,000. While trade debtors have improved by 19%, the overall picture suggests the company is burning through cash. The lack of employees (only five reported) keeps overhead low, but the declining equity and increasing debt raise concerns. No auditor is mentioned, which is common for small, exempt companies.

It seems Qk Boutique Ltd is navigating a difficult period, relying on its online presence and product range to stay afloat. The company's future depends on its ability to improve cash flow and reduce its debt burden, hopefully without too much trouble.

Registered in England/Wales under the registration number 11743336, with a registered address at M8 5EL, England, Manchester, Unit Shop 12, Manchester Plaza Unit 16 Cheetham Hill Shopping Centre, 40 Bury Old Road.

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