Quad-warehouse Ltd

Quad Warehouse Ltd, based in Chesterfield, UK, is a small, active company established six years ago. With two employees and £1,036,927 in assets, it operates as a solo-founded e-commerce business managed by a single director and owner, Bowers Tristan Kumar Joshi. The company regularly imports vehicles, parts, and accessories (excluding trains and trams), with four months of import activity recorded as of June 2024.

The company's website suggests a focus on retail sales via mail order and internet, offering a range of automotive components and accessories. While the specific product range isn't detailed, the import activity points to a business supplying parts for vehicle maintenance and repair.

Financially, Quad Warehouse Ltd presents a mixed picture. Current assets have increased significantly, jumping 200% to £1,000,000, while cash reserves have also seen a substantial boost, rising 130% to £120,000. However, bank borrowings have decreased by 35%, dropping to £36,000, and creditors have increased dramatically, rising 270% to £800,000. It's worth noting that the company’s employee numbers have doubled, increasing from two to four, which could be contributing to the rise in creditors. The company meets two of the three conditions to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, which is typical for small companies.

Overall, Quad Warehouse Ltd appears to be experiencing growth, but the significant increase in creditors suggests it may be relying on credit to fuel that expansion. Whether this is a sustainable strategy remains to be seen.

Registered in England/Wales under the registration number 11397733, with a registered address at S43 3UT, England, Chesterfield, Hammond & Co 36 Chesterfield Road, Market Street.

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