Q Projects Ltd

Q Projects Ltd, based in Romford, UK, is a small, active company established eleven years ago in 2014. With a single employee and £83,257 in assets, it operates from a real address and is managed by one director and owner. The company is an irregular importer, primarily dealing in aluminum and aluminum products, with recent import activity recorded two months ago. It operates within the other construction installation industries.

The company’s website showcases a focus on residential and commercial projects, emphasizing quality workmanship and cost-effectiveness. It highlights a personal and professional building service with attention to detail, catering to both small and specialised projects, including those listed as grade II. The site also mentions piano restoration services, though it’s unclear how closely this relates to the core construction business.

Financially, Q Projects Ltd presents a mixed picture. Current assets have declined significantly, dropping 52% to £83,000, while net assets have plummeted 390% to -£160,000. Cash bank on hand has disappeared entirely, falling 100% to zero. Creditors have increased substantially, rising 250% to £140,000, and trade debtors have also decreased by 52% to £68,000. The number of employees has doubled to two, though the company is still considered small, meeting two of three conditions for classification. The accounts are unaudited, which is common for small companies.

These figures suggest Q Projects Ltd is facing financial headwinds. The sharp decline in equity and cash reserves, coupled with rising debts, indicates the company is burning through money. Whether this is a temporary setback or a longer-term trend remains to be seen, but it’s clear the company needs to carefully manage its finances to ensure its survival.

Registered in England/Wales under the registration number 08893838, with a registered address at RM1 4NR, England, Romford, 42 Fontayne Avenue.

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