Quality Techniques Ltd

Quality Techniques Ltd from London UK: a small, active company founded nine years ago, is facing some challenges with its accounts and confirmation statements being overdue. The company, with a real address and a solo founder who also acts as director and owner, operates in the retail sale via mail order houses or via internet. It’s a small business, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s website, Foam Techniques Ltd, reveals a fascinating dual operation. While Quality Techniques Ltd focuses on foam conversion and industrial products – offering vibration management, acoustic solutions, sealing, protection, and filtration – Foam Techniques Ltd is a much larger player, the UK’s largest supplier and converter of industrial foam products. It boasts a showroom in Harrods and operates from Cambridge, specializing in high-end piano restoration alongside its core foam business. The website’s focus on technical expertise and material science suggests a strong emphasis on quality and innovation.

Financially, Quality Techniques Ltd presents a concerning picture. Current assets have fallen by 24% to £340,000, and net assets have plummeted 73% to just £16,000. Bank borrowings have increased significantly, reaching £29,000, while cash reserves have decreased by 30% to £28,000. Creditors, however, have decreased by 18%, which could indicate better debt management. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company's financial health seems to be in a bit of a precarious state. The sharp decline in equity and the increase in borrowings suggest that Quality Techniques Ltd is burning through cash, although better debt management is a positive sign. The dual operation with Foam Techniques Ltd, while offering diversification, may also be adding complexity and financial strain.

Registered in England/Wales under the registration number 09974804, with a registered address at SE17 1RL, England, London, 209 Walworth Road.

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