Quickchems Ltd

QuickChems Ltd, based in Leeds, UK, is a small, active company founded six years ago. With three employees and £364,146 in assets, it operates from a real address and is managed by one director and owner. The company’s status is active, and it’s classified as a small business, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

While primarily focused on exporting plastics and plastic products for an impressive 62 months (with the latest shipment in November 2024), QuickChems also imports electrical machinery and equipment, though less regularly – just two months of import activity were recorded, ending in July 2023. The company operates in the non-specialised wholesale trade industries and has a website showcasing its services. It works at “nautical speeds” to fulfill partner needs, offering shorter lead times and competitive pricing. Its location in Covent Garden, London, allows it to service all continents. QuickChems is a key distributor of NYCO, helping engines run more efficiently.

Financially, QuickChems Ltd presents a mixed picture. Accumulated depreciation increased by 79%, and amounts owed by associates jumped 180%, suggesting increased investment and activity. However, cash bank on hand plummeted 95%, and net assets decreased by 29%, indicating a potential strain on liquidity. Bank borrowings also increased, although creditors decreased, suggesting improved debt management. Trade debtors rose significantly, which could be a cause for concern. The company’s small size and lack of an auditor (likely exempt due to its status) mean the figures are unaudited.

Despite these challenges, QuickChems’ focus on military and commercial aerospace, combined with its distribution of NYCO, positions it within a niche market. The company’s website highlights its commitment to customer service and reliable supply chain management. Whether it can maintain this momentum while navigating its financial pressures remains to be seen.

Registered in England/Wales under the registration number 11374472, with a registered address at LS14 5DS, United Kingdom, Leeds, 19 Sledmere Green, Whinmoor.

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