Quorn & Loughborough Glass Limited

Quorn & Loughborough Glass Limited, based in Plymouth, UK, is a small holding company with an active status, established seven years ago in 2017. Employing eleven people, the company holds £406,910 in assets and operates from a real address at 31-32 Emma Place. With two directors and one owner, it maintains a respectable Google rating of 4.0 based on sixty reviews. The company regularly imports glass and glassware, with nineteen months of import activity recorded, and occasionally exports, with just one month of export activity.

The company’s website highlights its specialization in glass and glazing services, including replacement double glazing, shopfronts, splashbacks, and bespoke mirrors. It’s a member of the Glass and Glazing Federation and Trustmark, emphasizing its commitment to quality and professionalism. The company’s history dates back to 1992, and it boasts an extensive stockholding of over 6000 square metres of stained glass, catering to both trade and retail customers. They even have a showroom in Harrods, London.

Financially, Quorn & Loughborough Glass Limited shows a mixed picture. Current assets have decreased by 2.1% to £410,000, while net assets have fallen by 14% to £260,000. Bank borrowings have decreased by 46% to £33,000, and cash reserves have fallen 31% to £100,000. Trade debtors have increased by 22% to £100,000, suggesting a possible increase in sales but also a potential risk of delayed payments. Creditors have increased by 42% to £63,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in equity raises concerns. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Quorn & Loughborough Glass Limited seems to be facing some financial headwinds, despite its strong reputation and established presence in the glass and glazing industry. The company’s ability to navigate these challenges and sustain its growth will depend on its ability to manage its finances effectively and capitalize on its strengths.

Registered in England/Wales under the registration number 11069997, with a registered address at PL1 3QT, England, Plymouth, 31-32 Emma Place.

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