Quality Choice Ltd

Quality Choice Ltd from Glenrothes UK: a small, active company founded 7 years ago, employs 10 people, and holds £856,267 in assets. It's a solo-founded operation with one director and owner, operating an e-commerce site. The company is registered at a real address, with only one other company registered there, suggesting a genuine location.

Quality Choice Ltd specializes in manufacturing soft furnishings, mattresses, and other furniture, alongside retail sales via mail order and the internet. The website, while not detailed, clearly showcases an e-commerce focus, offering a range of products directly to consumers. It's a small business, meeting two of three conditions to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Financially, Quality Choice Ltd appears to be in a stable, if not spectacular, position. Current assets increased by 16% to £860,000, and net assets also grew by 16% to £610,000. Cash bank on hand saw a healthy 15% increase to £170,000. However, trade debtors also rose significantly, increasing by 19% to £640,000. Creditors have also increased, with those due within one year up 21% to £220,000. The company’s accounts are abridged and unaudited, and no auditor is mentioned, which is typical for small companies. Employee numbers have increased by 40% to 14, which could be a sign of growth. The company has been preparing its accounts in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102.

Overall, Quality Choice Ltd seems to be navigating a positive trajectory, with growing assets and cash reserves. While the increase in debtors is something to monitor, the company's financial health appears solid, and its e-commerce focus positions it well in the current market.

Registered in Scotland under the registration number SC568357, with a registered address at KY6 2SB, United Kingdom, Glenrothes, Fife, 63 Cavendish Way Southfield Industrial Estate.

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