Qualtex Uk Limited

Qualtex Uk Ltd, based in Manchester, is a large, active company founded 63 years ago. With 63 employees and £13.4 million in assets, it generates £25.9 million in yearly revenue. The company, which has four directors and one owner, maintains a real address and has a Google rating of 2.0 based on 109 reviews. Qualtex is a regular importer and exporter of electrical machinery and equipment, having imported for 512 months and exported for 270 months.

The company’s website proudly announces the launch of a brand-new site, encouraging users to continue using their existing login credentials. This suggests a recent upgrade to their online presence, likely aimed at improving customer experience and streamlining operations. The website appears to be primarily focused on online sales, with no mention of a physical store.

Financially, Qualtex Uk Ltd presents a mixed picture. While revenue has increased by 8.6% to £26 million, there are some concerning trends. Current assets have decreased by 5.4% to £13 million, and net assets have fallen by 7.0% to £6.8 million. Bank borrowings have increased significantly, reaching £29,000, while cash reserves have dropped 30% to £410,000. Creditors have decreased by 18%, which is a positive sign of better debt management. The company meets two of three criteria to be considered a large company, indicating a solid size. The absence of an auditor mentioned likely means they are exempt, and the figures are unaudited.

Overall, Qualtex Uk Ltd appears to be a well-established business facing some financial headwinds. The company’s long history and consistent import/export activity demonstrate its resilience, but the decrease in assets and cash reserves warrants close monitoring. The new website launch is a positive step, but its impact on future performance remains to be seen.

Registered in England/Wales under the registration number 00708974, with a registered address at M34 2SX, Manchester, Unit 1 Denton Hall Farm Road, Denton.

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