Quotex Systems Ltd

Quotex Systems Ltd, based in Droitwich, UK, is a small holding company with an active status, established 18 years ago. With four employees and £1,175,730 in assets, it operates from a virtual address – a detail flagged by the registration of 602 other companies at the same location. The company is led by two directors and has one owner, and runs an e-commerce site with a low Google rating of 1.0 based on a single review. It’s a regular importer, primarily of textile products, sets, used clothing, and rags, with 85 months of import activity recorded.

The company’s website, Quotex Systems, focuses on supplying gloves, wipes, and polythene products to distributors across sectors like healthcare, catering, and safety. It emphasizes industry-leading PPE since 2007, partnering with trusted suppliers to offer high-quality products. The site highlights a wide range of services, including sourcing, procurement, and end-to-end supply management, with a local presence in the Far East. It also offers trade accounts and encourages customers to join its mailing list.

Financially, Quotex Systems Ltd presents a mixed picture. While current assets increased by 30% to £1,200,000, net assets grew by 18% to £660,000. However, bank borrowings surged by a significant amount, and cash reserves decreased by 54% to £48,000. Trade debtors increased by 30% to £910,000, and creditors also rose by 34% to £720,000. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the decline in cash reserves warrants attention. The company is exempt from an audit, so the financial statements are unaudited. The increase in trade debtors could indicate a need to improve collection processes, or perhaps a strategic decision to offer more credit to customers. It's worth noting that the company's turnover is not explicitly stated, but it is likely to be relatively modest given its size.

Registered in England/Wales under the registration number 05976697, with a registered address at WR9 9AY, United Kingdom, Droitwich, Worcestershire, The Oakley, Kidderminster Road.

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