Q-style Limited

Q-Style Upholstery Ltd, based in Richmond, UK, is a small, family-run business with an active status. Founded 25 years ago, it employs 30 people and holds £3,142,228 in assets. With five directors and two owners, it’s a tight-knit operation with a real registered address. The company regularly imports clothing and accessories, not knitted or crocheted, with 266 months of import activity recorded, the latest in December 2023. It also exports these items, with 9 months of export activity, the last in September 2023.

The company's website reveals a focus on upholstery services for both commercial and private clients. Established in 2019, it provides reupholstery services throughout the south east of England, showcasing work exhibited at prestigious events like Design Centre Chelsea Harbour. The website highlights a range of services, from refreshing tired sofas to restoring antique furniture, and encourages visitors to get in touch. It also features a blog and Instagram presence, demonstrating a commitment to showcasing its work and engaging with customers.

Financially, Q-Style Upholstery Ltd presents a mixed picture. Current assets have decreased by 13%, dropping to £3,100,000, while net assets have also fallen by 13%, settling at £2,000,000. Cash bank on hand, however, has seen a dramatic increase of 140%, reaching £1,400,000. Trade debtors have plummeted by 39%, suggesting improved collection rates. Creditors have also decreased, by 15%, which is a good sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Despite the decline in assets, the significant increase in cash reserves suggests the company is managing its finances well. It’s possible the company has been focusing on reducing debt and building up its cash position, which could be a strategic move for long-term stability. The company’s family ownership and focus on quality upholstery services, combined with its financial management, position it for continued success.

Registered in England/Wales under the registration number 03883345, with a registered address at TW9 4BH, Richmond, Surrey, 34 High Park Road.

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