Quality Stores Limited
- Active
- Small
- 17 years
- 4 employees
- £2,390,315 (cur assets)
- Regular importer
- Virtual address
- 1 director
- 1 owner
- Solo founder
- Waltham Abbey
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Quality Furniture Clearance Ltd, based in Willenhall, West Midlands, is a small, active company founded sixteen years ago. With five employees and £600,000 in assets, it operates as an online retailer specializing in high-end, ex-display, and factory-second furniture at discounted prices. The company has a real registered address and is led by one director and owner, Balci Latif. It’s a family-run business trading online to save on costs, passing savings onto customers.
The company’s website showcases a wide range of furniture, from TV stands and dining tables to wardrobes and sofas, all sourced from well-known high-end retailers. It offers financing options like Klarna and ClearPay, and encourages customers to view furniture in person at their unit if needed. The website also highlights positive customer reviews, praising the quality of the furniture and the helpfulness of the delivery team.
Financially, Quality Furniture Clearance Ltd presents a mixed picture. While current assets remain relatively stable at £600,000, bank borrowings have increased significantly by 150%, reaching £120,000. Cash reserves have also declined sharply, falling 89% to just £15,000. Creditors have increased by 150%, reaching £120,000, and trade debtors have ballooned by 95%, suggesting potential issues with customer payments. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rise in debt and decline in cash raises concerns. The accounts are unaudited, as is common for small companies, and the company's financial statements were prepared using VT Final Accounts software. The company’s net assets remain steady at £290,000.
Registered in England/Wales under the registration number 06765932, with a registered address at EN9 1JH, England, Waltham Abbey, 121 Brooker Road.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 3 years
- 3
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- 5 years
- 2
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted four months ago.
Last news
-
Total exemption full accounts made up to 2025-12-31Download 7 pages pdf report
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Registered office address changed from 49 Green Way Southgate London N14 6NR England to 121 Brooker Road Waltham Abbey EN9 1JH on 2025-11-20Download 1 page pdf report
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Confirmation statement made on 2025-10-28 with updatesDownload 3 pages pdf report
Importer profile by HS codes
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Last imported products
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FAQ about Quality Stores Limited
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