Qd Commercial Group Holdings Limited

Qd Commercial Group Holdings Ltd, based in Nottingham, UK, is a holding company with an active status, established eleven years ago in 2013. The company employs a substantial workforce of 1,583 people and holds assets valued at £70.43 million. Despite having a registered address, it’s considered a virtual address as eleven companies are registered there. The business is overseen by seven directors and owned by two individuals, and is described as a family business. It boasts a perfect 5.0 Google rating based on one review. The company regularly imports essential oils and perfumes (for ten months), and occasionally exports machinery, boilers, and mechanical appliances (for one month).

The company’s website paints a picture of a diverse retail operation. It operates under three brands: Quality Discounts, Cherry Lane, and QD Commercial Group, offering a range of products and services. The website highlights its commitment to developing new ideas and evolving to meet customer needs. It also emphasizes its responsibility, including environmental and community initiatives, and details its commitment to modern slavery and gender pay gap reporting. The site features a "Join the QD Family" section, encouraging applications for distribution centre and office-based roles, and a "Property" section for those interested in becoming a contractor.

Financially, Qd Commercial Group Holdings Ltd shows some concerning trends. Current assets have fallen by 8.3%, dropping to £70 million. Bank borrowings have increased significantly, with a 13% rise in short-term borrowings and a staggering 310% increase in longer-term borrowings, reaching £13 million. Cash reserves have also decreased slightly. However, there’s been a positive shift in creditors, with a 5.7% increase. The company’s comprehensive income and expense has also changed, with a significant drop from £2.2 million to -£8 million. It’s worth noting that the company’s deferred tax policy is based on the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. The company’s auditor is Wright Vigar Limited.

While the company's large employee base suggests a substantial operation, the declining assets and rising debt raise questions about its financial health. It's possible that the company is investing heavily in growth, but careful management will be crucial to ensure long-term sustainability.

Registered in England/Wales under the registration number 08507095, with a registered address at NG11 6PQ, England, Nottingham, Westbridge Lodge Pendock Lane, Bradmore.

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