Quality Home Lifestyle Ltd

Quality Home Lifestyle Ltd is a small, active company based in Belfast, UK, established seven years ago. With just two employees and £2,300,952 in assets, it operates from a virtual address – a detail flagged by the registration of fifty-six other companies at the same location. The company is led by two directors, one of whom is also the solo founder and owner, Warnock Edward.

The business focuses on manufacturing office and shop furniture, alongside other manufacturing and retail activities, including mail order and internet sales. It has a website, though its current status is unknown.

Financially, Quality Home Lifestyle Ltd presents a mixed picture. While current assets remain relatively stable at £2,300,000, cash reserves have fallen by 9.1% to £1,600,000. Creditors have decreased by 34%, which is a positive sign, but other creditors have increased significantly, rising by 260%. Trade debtors have also seen a decline, dropping by 33%. The company’s net assets have fallen by 8.7% to £2,000,000. The company's small size—meeting two of three conditions for being classified as small—helps it maintain agility, but the drop in equity is something to keep an eye on. As a small company, it is exempt from an audit, so the figures are unaudited.

The company’s financial data suggests it’s not burning through money at a startup pace, but it is not experiencing rapid growth either. The decrease in cash reserves and increase in other creditors could indicate a need to manage working capital more effectively. The company’s continued operation, despite these challenges, demonstrates resilience and a focus on core business activities.

Registered in Northern Ireland under the registration number NI645938, with a registered address at BT9 7EW, Northern Ireland, Belfast, 405 Lisburn Road.

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