Quad-x Ltd

Quad X Ltd, based in Ballymena, UK, is a small, active company founded 13 years ago. With 14 employees and £1,530,168 in assets, it’s a well-established player in the agricultural machinery sector. The company boasts a Google rating of 4.0 based on 17 reviews, indicating a positive customer experience. It operates from a real address and is managed by one director and one owner. Quad X is an irregular importer of machinery, boilers, and mechanical appliances, parts, with the last import operation recorded in 2016, but a regular exporter, with 11 months of export activity, most recently in April 2024.

The company’s website highlights its focus on ATV equipment and quad accessories, catering to grass care, weed control, and livestock care needs. It's not a typical e-commerce site; instead, it’s a platform showcasing a range of products and promoting the "Blaney Innovator Programme," offering investment for new ideas in agricultural machinery. The website also emphasizes bespoke manufacturing and offers a demo tour, suggesting a focus on custom solutions and direct customer engagement.

Financially, Quad X Ltd presents a mixed picture. While current assets remained stable at £1,500,000, cash bank on hand decreased by 35% to £420,000. Trade debtors increased significantly by 32% to £910,000, which could indicate expanding sales but also potential collection issues. Creditors also decreased by 9.3% to £880,000, suggesting improved debt management. Fixed assets saw a 15% drop to £650,000, and intangible assets plummeted by 37% to £110,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in cash reserves and intangible assets warrants attention. The company’s accounts are unaudited, a common practice for small entities.

Overall, Quad X Ltd appears to be navigating a period of transition. While its core business remains active and well-regarded, the financial data suggests a need for careful cash flow management and a focus on maintaining asset value.

Registered in Northern Ireland under the registration number NI611901, with a registered address at BT42 2PJ, Ballymena, County Antrim, 37a Carnearney Road, Ahoghill.

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