Quay Timber Ltd

Quay Timber Ltd from Newcastle Upon Tyne UK: a small, active company founded thirteen years ago, employs fifteen people, and holds £634,706 in assets. It's a real address with two directors and two owners, founded by a solo entrepreneur, and operates an e-commerce site, boasting a stellar 5.0 Google rating from 191 reviews. The company is an irregular importer, primarily dealing in stone, plaster, cement, and similar materials, with its last import operation occurring one month ago in June 2022.

Quay Timber Ltd’s website showcases a timber merchant specializing in wood, construction materials, and sanitary equipment, also offering retail sales of hardware, paints, and glass. It’s a wholesale and retail operation, catering to both trade and consumer markets. The website highlights a wide range of timber products, along with associated building supplies, suggesting a comprehensive offering for construction and DIY projects.

Financially, Quay Timber Ltd presents a mixed picture. Current assets have decreased significantly by 46%, dropping to £630,000. Bank borrowings have remained stable at £1,000,000, but cash reserves have plummeted 63%, leaving just £52,000. Trade creditors have also fallen by 38%, indicating improved debt management. The company’s small size, meeting two of three conditions for being classified as small, helps with agility, but the sharp decline in net assets—dropping 32% to £570,000—raises concerns. The company’s unaudited accounts, exempt due to its small size, rely on director-reported data.

The company’s irregular import activity suggests a fluctuating supply chain, and the decrease in current assets may reflect challenges in managing working capital. It’s likely that the company is navigating a competitive market and adapting to changing customer demands.

Registered in England/Wales under the registration number 07680949, with a registered address at NE6 2XX, England, Newcastle Upon Tyne, Tyne And Wear, Chillingham Industrial Estate, Back Chapman Street Unit 5 Chillingham Industrial Estate, Back Chapman Street.

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