Qfs Manufacturing Ltd

Qfs Manufacturing Ltd, based in Birmingham, UK, is a small, active company founded two years ago. Employing 45 people, it holds £1,188,535 in assets and operates from a real address, managed by three directors, although there are no officially registered owners. The company is an irregular importer, primarily dealing in optical and medical tools and devices, with two months of import activity recorded, the latest in August 6 2024. It also exports vehicles, parts, and accessories (excluding trains and trams), with one month of export activity, also concluding in August 2024.

The company’s website is non-existent, which makes it difficult to determine if it operates an e-commerce platform. However, it’s described as being in the manufacture of other fabricated metal products. The company is small, meeting two of three conditions for classification (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees).

Financially, Qfs Manufacturing Ltd presents a mixed picture. While bank borrowings have remained steady at £1,000,000, accrued liabilities are unchanged at £21,000. Cash bank on hand is steady at £46,000. However, creditors have increased, and net assets have decreased slightly. The company’s trade debtors have also remained consistent. The increase in creditors, combined with the decrease in net assets, suggests that the company may be facing some financial pressure. It’s worth noting that the company's property, plant, and equipment has seen a significant increase, with additions totaling £1,500,000. This could indicate investment in new machinery or equipment, which could improve future productivity. The company is exempt from an audit, so the figures are unaudited.

The lack of owners reported, combined with the recent change in directors (four months ago), could indicate a restructuring or a change in ownership. Overall, Qfs Manufacturing Ltd appears to be a small company facing some financial challenges, but also making investments for the future.

Registered in England/Wales under the registration number 14574452, with a registered address at B37 6QQ, England, Birmingham, Unit 3 Chelmsley Wood Industrial Estate, Waterloo Avenue.

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