Qureshi Group Limited

Qureshi Group Ltd, based in Glasgow, UK, is a small, family-run business with an active status, having been founded nine years ago. The company employs just two people and holds assets valued at £2,047,235. It has a real registered address and is overseen by three directors and two owners. The business is an irregular importer, primarily dealing in toys, games, and sports equipment, with its last import operation taking place over five years ago.

The company’s website, humanresourcequreshigroup.pk, paints a different picture. Qureshi Group operates within the beauty industry in Pakistan, acting as a distributor and franchisor for multinational brands like Guinot, Toni Guy, and Label.m. It boasts a widespread network of partnered salons and franchises across the country, focusing on product and service industries. The company's vision is to be a market leader in the beauty sector, and it emphasizes strong business ties, honesty, and investment in staff education and training. Recent news and events highlight product launches and collaborations, showcasing the company's activities within the Pakistani beauty market.

Financially, Qureshi Group Ltd's report presents a mixed bag. While current assets increased by 30% to £2,000,000, net assets also rose by 3.6% to £1,900,000. However, cash reserves plummeted by 92% to a mere £830. Bank borrowings decreased by 51% to £35,000, and trade debtors increased by 31%. Creditors also increased by 59% to £1,100,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the sharp drop in cash reserves raises concerns. The report doesn't mention an auditor, likely due to the company’s exemption as a small entity.

Overall, Qureshi Group Ltd appears to be a family business navigating the complexities of international trade and the beauty industry. The company’s focus on building strong relationships and investing in its workforce suggests a commitment to long-term success, though the financial data indicates a need to manage cash flow more effectively.

Registered in Scotland under the registration number SC512520, with a registered address at G61 4BS, Scotland, Glasgow, 31 Thorn Road, Bearsden.

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