Jaqs Professional Limited

Jaqs Professional Ltd, based in Prestwich, UK, is a small, family-run business with an active status. Founded eleven years ago in 2014, the company employs just two people and holds £40,083 in assets. With four directors and three owners, it operates from a real address. The business is known for its irregular importing of leather goods, travel bags, and animal harnesses (two months of activity) and its regular exporting of the same items (four months of activity). It’s also a retail business operating via mail order and internet sales.

The company's website, Jaq's Bodyshop Ltd, reveals a second, quite different venture: car body repairs and classic Porsche restoration. Based in Glasgow, the shop specializes in high-quality repairs and restoration, offering services from minor bodywork to full restorations. The website highlights over a decade of experience, free estimates, and a focus on prestige and performance vehicles. A customer testimonial praises the team’s expertise and helpfulness in restoring a Sunbeam Lotus.

Financially, Jaqs Professional Ltd presents a mixed picture. Current assets decreased by 18% to £40,000, while net assets increased by 290% to £14,000. Cash bank on hand, however, plummeted 77% to just £6,400. Trade debtors increased significantly, by 58%, suggesting potential issues with customer payments, while creditors also rose by 100% to £18,000. 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 agility, but the significant drop in cash reserves is a concern. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Jaqs Professional Ltd appears to be navigating a challenging financial landscape. The car body repair business seems to be thriving, but the company’s core trading activities are showing signs of strain, and it’s important to keep an eye on the cash flow situation.

Registered in England/Wales under the registration number 08921040, with a registered address at M25 9NQ, United Kingdom, Prestwich, Manchester, 10 Hilton Crescent.

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