Qube Total Solutions Ltd

Qube Total Solutions Ltd, based in Nottingham, UK, is a small, active holding company established 22 years ago. With 44 employees and £4.77 million in assets, the company generated £6.26 million in revenue last year. It operates from a real address and is overseen by four directors and one owner. The company regularly imports and exports iron or steel products, with 35 months of import activity and 10 months of export activity recorded.

The company’s website is unavailable, making it difficult to determine its online presence or e-commerce activities. However, financial data reveals a mixed picture. While turnover remained relatively stable at £6.3 million, profits decreased significantly by 30% to £520,000. Cash reserves saw a substantial drop of 58%, falling to £2.8 million, and bank borrowings increased dramatically by 2,400%, reaching £29,000. Creditors, however, decreased by 18%, suggesting improved debt management. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the sharp decline in equity raises questions.

The company’s auditors are MHA, and the financial statements were prepared in accordance with UK Generally Accepted Accounting Practice. The decrease in profits and cash reserves could be attributed to increased operating expenses, as indicated by a 7% rise in administrative expenses. The increase in bank borrowings suggests a need for short-term financing, possibly to cover operating costs or invest in new equipment. The decrease in creditors, however, is a positive sign, indicating that the company is managing its short-term liabilities effectively. It’s worth noting that the financial data is unaudited, so the figures may not be entirely accurate.

Registered in England/Wales under the registration number 04634533, with a registered address at NG16 6NS, Nottingham, Enterprise House Brookhill Industrial Estate, Pinxton.

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