Turnquick Distribution Limited

Turnquick Distribution Limited, based in Tulse Hill, London, is a small, active company founded nineteen years ago in 2005. With two employees and £70,598 in assets, it operates as a solo-founded venture led by a single director and owner. The company’s status is active. It's an irregular importer, with its top import category being Edible Vegetables and Roots, totaling 1 months of imports, the last operation conducted on November 01, 2020. Turnquick Distribution Limited operates in the agents specialized in the sale of other particular products industries.

The company’s website is not available, so it’s difficult to determine if it operates an e-commerce site. However, the company’s description suggests a focus on facilitating sales rather than direct retail.

Financially, Turnquick Distribution Limited presents a mixed picture. While current assets have increased significantly by 140% to £71,000, net assets remain in the negative, at -£10,000. Bank borrowings have surged dramatically, increasing by 1000% to £20,000, while cash reserves have also risen by 32% to £11,000. Trade debtors have also increased substantially, by 190% to £60,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the negative equity and rising debt are concerning. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

The increase in debtors could indicate a growth in sales but also potential issues with collecting payments. The substantial rise in borrowings suggests the company may be relying on external financing to cover its operations. Overall, Turnquick Distribution Limited appears to be navigating a challenging financial landscape, balancing growth with increasing debt.

Registered in England/Wales under the registration number 05598421, with a registered address at SW2 2HB, England, Tulse Hill, London, Glows Unit 3, 1a Greenleaf Close.

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