Quality Way Ltd

Quality Way Ltd, based in Southall, UK, is a small, active company founded nine years ago. With four employees and £656,867 in assets, it’s a modest operation run by two directors and a solo founder. The company regularly imports miscellaneous manufactured goods, with 11 months of import activity recorded as of November 1, 2024.

The company’s website, Quality Way Ltd, presents a diverse range of products, from artificial flowers and bags to household items and step ladders. It’s an online store with a focus on wholesale, offering a wide selection of goods and inviting customers to call for minimum order requirements of £500. The website also includes a section for “Information” with links to customer service, advanced search, and order tracking—a typical setup for an e-commerce business.

Financially, Quality Way Ltd’s recent performance shows some concerning trends. While current assets remain relatively stable at £660,000, cash reserves have fallen by a significant 48% to £47,000. Bank borrowings have decreased by 35%, which is good, but trade debtors have also dropped by 20%, suggesting potential issues with customer payments. The company’s equity has remained consistent, however. The company meets two of the three conditions to be considered a small company, with turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. With no auditor mentioned, the figures are unaudited.

Overall, Quality Way Ltd appears to be navigating a period of change. While it maintains a broad product range and active import operations, the decline in cash reserves warrants attention. Whether this is a temporary setback or a longer-term challenge remains to be seen, but the company’s size and solo founder structure may allow it to adapt and overcome these hurdles.

Registered in England/Wales under the registration number 10097826, with a registered address at UB2 5FD, England, Southall, 142 Johnson Street, Unit 7.

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