Qcic Ltd

Qcic Ltd from London UK is a small, active company founded 17 years ago. With 35 employees and a real address, it’s managed by two directors and a solo founder. The company regularly imports electrical machinery and equipment (four months of imports, last in October 2024) and occasionally exports similar items (two months of exports, last in June 2024). It operates in the security systems service activities industries.

The company’s website is minimal, offering little insight into its operations beyond its basic contact information. It doesn't appear to be an e-commerce site, suggesting a business-to-business model focused on service provision rather than direct retail.

Financially, Qcic Ltd presents a mixed picture. While net assets increased by 4.8% to £4.8 million, bank borrowings rose significantly, and cash reserves are holding steady at £1.9 million. Trade debtors decreased by 17%, which could indicate improved collection efforts, but creditors increased by 37%, suggesting a reliance on credit from suppliers. Property, plant, and equipment increased by 28%, which could be due to investments in new equipment or upgrades. 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 increase in bank borrowings and decrease in cash reserves warrants attention. No auditor is mentioned, likely due to the company's small size and exemption from an audit.

The company’s financial data reveals a pattern of growth, but also increased financial leverage. It’s likely that the increased bank borrowings are being used to fund expansion or investments, but it’s important to monitor the company’s debt levels and cash flow to ensure its long-term financial health. The increase in property, plant, and equipment suggests the company is investing in its operations, which could lead to increased efficiency and profitability in the future.

Registered in England/Wales under the registration number 06318342, with a registered address at EC2A 2BS, London, 13 Christopher Street.

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