Qualitex Supplies Limited

Qualitex Supplies Ltd from Aylesford UK: a large company, active status, founded 34 years ago, with 83 employees, £6,691,232 assets, yearly revenue of £17,337,482, a real address, five directors, one owner, and a Google rating of 4.0 based on 40 reviews. The company is a regular importer of glass and glassware, with 141 months of import activity.

Qualitex Supplies Limited operates as a wholesale distributor of shower and bathroom equipment, primarily serving builders' merchants and bathroom studios throughout the UK. Its website highlights a broad range of products, from shower trays and taps to bathroom furniture and accessories. While the site doesn’t appear to offer direct-to-consumer sales, it functions as a catalogue and marketing tool for its trade customers. The company seems to focus on building relationships with established retailers rather than competing in the online retail space.

Financially, Qualitex Supplies Ltd presents a mixed picture. Current assets declined by 7%, falling to £6,700,000, while net assets increased by 5%, reaching £3,500,000. Bank borrowings decreased significantly, dropping 50% to £500,000, and cash reserves saw a substantial increase of 80%, reaching £1,700,000. Creditors also decreased by 6%, suggesting improved debt management. Turnover, however, took a hit, dropping 19% to £17,000,000. The company meets the criteria for a large company, having met two of three conditions: turnover exceeding £36 million, balance sheet total exceeding £18 million, and having more than 250 employees. Kreston Reeves LLP performed the audit, and the report was signed on April 19, 2024.

The decrease in turnover could be attributed to a variety of factors, such as changing market conditions or increased competition. The significant increase in cash reserves, however, suggests that the company is managing its finances well and is in a strong position to weather any short-term challenges. The decrease in bank borrowings is a positive sign, indicating that the company is reducing its reliance on external financing. The company’s continued profitability, despite the decrease in turnover, is a testament to its efficient operations and strong customer base.

Registered in England/Wales under the registration number 02555629, with a registered address at ME20 7SP, Aylesford, Maidstone, Unit 3b, Deacon Trading Estate.

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