Quickshine Limited

Quickshine Limited is a small, active company based in London, UK, established 23 years ago in 2002. With two employees and £672,862 in assets, it operates from a virtual address, a detail highlighted by the fact that 207 companies share the same address. The company is a family business, managed by three directors and two owners. It’s been a steady presence, but its trading activity is somewhat uneven. It imports plastics and plastic products irregularly, with just one month of import activity recorded back in 2017. However, it’s a regular exporter of paper and paperboard products, with 19 months of export activity, the latest in July 2024.

The company’s website is non-existent, making it difficult to assess its online presence or e-commerce activities. It seems to operate primarily as a non-specialised wholesale trader, a sector that can be quite competitive.

Financially, Quickshine Limited presents a mixed picture. While current assets increased by 18% to £670,000, net assets took a significant hit, plummeting 30% to £45,000. Bank borrowings decreased by 67%, reducing to £19,000, and cash reserves fell sharply by 70% to just £1,200. Creditors, however, increased by 34%, reaching £620,000, and trade debtors increased by a substantial 91%, reaching £220,000. The company’s small size—meeting two of three conditions for being classified as small—helps it remain flexible, but the decline in equity is concerning. There's no auditor mentioned, which is typical for companies of this size and exempt from audit.

Overall, Quickshine Limited appears to be navigating a challenging period. While it maintains a steady export stream, the decrease in equity and cash reserves suggests it's burning through money. The increase in trade debtors may indicate difficulties in collecting payments, or perhaps an expansion of credit terms to attract more business. It's a family business, and it’s clear that they are holding steady, but the financial pressures are evident.

Registered in England/Wales under the registration number 04422077, with a registered address at NW4 4DJ, England, London, Churchill House, 137-139 Brent Street.

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