Qcom Ltd

Qcom Ltd, based in London, UK, is a small, active company founded six years ago. With £364,464 in assets and a virtual address, it operates with two directors and two owners. The company is an irregular importer, primarily dealing with machinery, boilers, and mechanical appliances—parts, with the last import activity occurring two months ago in December 2023. Qcom Ltd provides IT support and network solutions, catering to businesses in Birmingham, London, and Ireland. Its website highlights services like cyber security, cloud storage, and managed IT, showcasing case studies with clients like BT and global pharmaceuticals.

The company’s core business involves information technology consultancy activities, and it’s positioned as a digital transformation specialist. Its website emphasizes reliable IT network support and comprehensive solutions, integrating managed IT support with fully managed IT services. Qcom Ltd has a strong presence in London and Birmingham, and even operates in Ireland.

Financially, Qcom Ltd presents a mixed picture. While net assets increased significantly, jumping 300% to £74,000, cash reserves saw a substantial rise, increasing by 380% to £61,000. However, bank borrowings also increased, rising by 50% to £200,000, and creditors have ballooned by 55% to £260,000. Debtor levels have also increased substantially, up 96% to £300,000. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and less than 50 employees. The absence of an auditor suggests it’s exempt as a small company, relying on unaudited financial statements. It’s likely the increased borrowing is to support growth, but the rising debt levels warrant close monitoring.

Registered in England/Wales under the registration number 11862320, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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