Qpsupplies Ltd

Qpsupplies Ltd is a small, active company based in Swansea, UK, founded four years ago in 2020. It’s a solo founder operation with one employee and holds £50,705 in assets. The company operates in the retail sale via mail order houses or via internet industries. Officially, it has one owner or PSCs, one director, and one employee.

The company’s website, qpsupplies.co.uk, showcases a range of products, primarily focused on workwear and safety equipment. While it’s not a full-blown e-commerce platform with a shopping cart, the site displays product images and descriptions, suggesting an intention to sell online. It appears to be a simple, informational website rather than a sophisticated online store.

Financially, Qpsupplies Ltd presents a mixed picture. While net assets increased by 110% to £44,000, cash reserves decreased significantly by 86%, falling to just £2,400. Trade debtors have risen dramatically, increasing by 210,000%, indicating a potential issue with customer payments, or perhaps a deliberate strategy to extend credit terms. Cash bank on hand has decreased significantly. 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, but the sharp cash decline warrants attention. The company's retained earnings increased by 110%.

Loans from directors have decreased by 96%, which is a positive sign. The company is audited or unaudited. Overall, Qpsupplies Ltd appears to be facing some financial headwinds, despite the increase in net assets. It’s possible that the company is reinvesting profits back into the business, or that it’s experiencing temporary cash flow challenges.

Registered in England/Wales under the registration number 12580350, with a registered address at SA1 7FY, Wales, Swansea, 95 Phoebe Road, Copper Quarter, Pentrechwyth.

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