Quality Source Limited

Quality Source Ltd from Colchester UK: a small, active company founded 13 years ago, employs just one person, and holds £61,486 in assets. It’s a family business, run by a solo founder, and operates an e-commerce site with a stellar 5.0 Google rating based on two reviews. The company regularly imports electrical machinery and equipment, with a history of 10 months of imports. King Rowland and King Victoria own the business, and King Rowland is the director.

The company’s website, Quality Source, specializes in batteries, particularly LiFePO4 smart batteries, and related equipment like chargers and inverters. It caters to motorhome, marine, and portable power users, emphasizing high-quality batteries and Victron-approved products. The site also features a knowledge base, FAQ section, and blog posts on battery-related topics.

Financially, Quality Source Ltd presents a mixed picture. Current assets have decreased by 22%, dropping to £61,000, while bank borrowings have significantly reduced by 58%, reaching £9,000. Creditors have also decreased by 93%, which is a good sign, but cash reserves are completely gone. The company's small size—meeting two of three conditions for being considered small—helps it remain flexible, but the drop in equity is concerning. The accounts are unaudited, and no auditor is mentioned. It’s clear that the company is trying to manage its finances carefully, but the recent trends suggest it’s burning through money.

Registered in England/Wales under the registration number 07909544, with a registered address at CO4 3YN, Colchester, Essex, 3 Roach Vale.

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