Xqsit Limited

Xqsit Limited, based in Enfield, UK, is a small, family-run business with an active status, having been founded eight years ago in 2016. The company employs just two people and holds £25,091 in assets. It operates from a real address and is managed by two directors and owners. Google users rate it a perfect 5.0 based on two reviews. Xqsit Limited is an irregular importer, primarily dealing in plastics and plastic products, with just two months of import activity recorded as of August 2023.

The company’s website showcases a specialist wholesaler of preserved rose arrangements and foliage, acting as the exclusive UK distributor for SMERALDINO s.r.o. from Czechia. They focus on selling arrangements and gifts with a unique blend of natural beauty and remarkably long life, catering to florists, gift shops, and garden centres across a wide area. The website highlights the process of “preserving” roses using a plant-based formula, allowing them to last for years with minimal maintenance. The company’s product range is constantly expanding, offering a variety of preserved items for various occasions.

Financially, Xqsit Limited presents a mixed picture. While cash bank on hand increased by 7% to £9,600, current assets grew by 12% to £25,000. However, net assets experienced a significant jump of 110% to £4,900, largely driven by retained earnings. Liabilities also increased, with creditors rising by 7.7% to £22,000 and amounts owed to directors increasing by 17% to £17,000. Trade debtors decreased by 18%, suggesting better debt management. 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 increase in liabilities should be monitored. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Xqsit Limited seems to be holding its own, but the increase in liabilities suggests it may be burning through money. The focus on preserved roses and the strong online presence indicate a niche market strategy, but sustained growth will depend on managing its financial position and maintaining customer satisfaction.

Registered in England/Wales under the registration number 10253960, with a registered address at EN1 1SP, England, Enfield, Middlesex, Unit 5, Martinbridge Trading Estate, Lincoln Road.

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