Euroworld Supplies Ltd

Euroworld Supplies Ltd, based in Barking, UK, is a small, active company founded twelve years ago in 2012. Employing just one person, it holds £6,131 in assets and operates from a real address. With one director and owner, Ahmed Habib, at the helm, the business focuses on retail sales via mail order and the internet, as well as other retail outlets. It’s a modest operation, meeting two of three criteria to be classified as small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s website, QBOL World, presents itself as a trusted supplier of quality bearings. It’s an online trade portal offering real-time stock availability, easy order placement, and account management features. Alongside the online store, QBOL World also runs a trade counter at a location in Leeds, and is part of a larger group, QBOL Group Ltd, which also owns Quality Bearings Online Ltd. The website emphasizes its services, team, and location, and even offers a contact form for potential trade account holders.

Financially, Euroworld Supplies Ltd’s recent performance shows some concerning trends. Cash bank on hand dropped by 55% to £580, while creditors increased by 12% to £18,000. Trade debtors, however, skyrocketed by 750% to £5,600, which could indicate a shift in payment terms or a struggle to collect outstanding invoices. Loans from directors also increased dramatically, jumping 2,100% to £3,600. Despite these challenges, current assets saw a significant boost of 220% to £6,100. The company's small size means it avoids many reporting requirements, and the accounts are unaudited, so the full picture remains unclear.

The company’s net assets remain negative, at -£12,000, which is a bit worrying. It’s possible that the business is reinvesting heavily in inventory or marketing, but the sharp decline in cash reserves suggests it’s burning through money. While the online presence and trade portal appear active, Euroworld Supplies Ltd needs to carefully manage its cash flow to avoid further financial strain.

Registered in England/Wales under the registration number 08335587, with a registered address at IG11 8BL, England, Barking, N 25 Big Yellow Self Storage, Hertford Road Barking,.

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