Kwik Buy Limited

Kwik Buy Ltd from Leicester UK: a small, active company founded 10 years ago, employs two people, and holds £186,153 in assets. It operates from a real address, is overseen by one director and owner, and runs an e-commerce site. The company’s financial data reveals a mixed picture, with some concerning trends alongside positive developments.

While the company’s turnover isn’s reported, it’s classified as small, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Cash reserves have seen a remarkable increase, jumping 270% to £130,000—a definite bright spot. However, net assets have also increased dramatically, reaching £19,000, which could be a sign of increased liabilities. Bank borrowings have decreased by 48%, which is good news, but creditors have risen significantly by 110%, reaching £140,000. Trade debtors have fallen sharply, dropping 62% to £13,000.

The company's equity has seen a massive increase, with retained earnings and accumulated losses jumping 3500% to £18,000. It’s interesting to note that the company’s average number of employees has decreased by 50% to just one person. This could be due to a restructuring or a shift towards automation. The company’s deferred tax policy indicates a recognition of timing differences, and it’s noted that the accounts are unaudited, which is common for small companies.

The company’s website showcases a diverse range of products, including tyres, batteries, exhaust systems, and safety equipment, catering to both retail and fleet customers. The site emphasizes online sales and mobile fitting services, indicating a focus on convenience and accessibility. It’s clear that Kwik Buy Ltd is navigating the challenges of a competitive market, and its ability to leverage its online presence and adapt to changing customer demands will be crucial for its future success.

Registered in England/Wales under the registration number 09178549, with a registered address at LE4 6RD, England, Leicester, 45 Gipsy Lane.

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