At Source Qx Limited

Source Qx At Ltd, based in Louth, Lincolnshire, is a small, family-run business with an active status. Founded 25 years ago, it employs nine people and holds £495,061 in assets. The company operates from a real address and is managed by two directors and owners. It boasts a perfect 5.0 Google rating based on one review, and regularly imports optical and medical tools and devices—the last import operation occurred in December 2024.

The company’s website, ProtectHear, focuses on providing custom-moulded earplugs to protect against noise-induced hearing loss. It highlights the importance of hearing protection in the UK, where NIHL is a significant issue impacting thousands of workers annually. The site emphasizes cost savings, sustainability, and HSE compliance, targeting businesses and individuals seeking effective hearing protection solutions. It’s a clear focus on B2B sales, with a strong emphasis on the technical aspects of their product.

Financially, Source Qx At Ltd presents a mixed picture. Current assets decreased by 7.1% to £500,000, while cash bank on hand increased by a substantial 30% to £140,000. Trade debtors have fallen dramatically, dropping 40% to £160,000, which could indicate improved cash flow management, but it's worth noting. Creditors, however, have also decreased by 15%, suggesting the company is managing its short-term liabilities well. Equity increased by 6.1%, a positive sign, but depreciation charges have also increased slightly. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the fluctuating debtor levels are something to keep an eye on. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Source Qx At Ltd appears to be holding its own, with a strong focus on a specialized product and a growing cash position. The company’s family-run nature and commitment to sustainability likely contribute to its positive reputation—though the single review on Google suggests there’s room for more customer feedback.

Registered in England/Wales under the registration number 03865820, with a registered address at LN11 0JJ, Lincolnshire, 18 Eve Street, Louth.

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