Yqm-tec Limited

Yqm-Tec Limited, based in Bala, Wales, is a small, active company founded nineteen years ago in 2006. With £45,793 in assets and a real registered address, it's a relatively modest operation run by two directors and a single owner. The company, which meets two of the three criteria to be considered small (turnover under £10.2m, balance sheet under £5.1m, and less than 50 employees), has a bit of a mixed trading profile. It’s an irregular importer of electrical machinery and equipment, with just one month of import activity recorded back in 2016, but a regular exporter of optical and medical tools and devices, with four months of export activity as of September 2020.

The company’s website, Yqmtec, focuses on yarn fibre quality monitoring systems, particularly the Broken Filament Detector (BFD). It seems they sell equipment designed to enhance quality control in yarn and fibre production, with the BFD2 system being a key product. The site highlights the system's ability to detect quality problems early, reduce operational costs, and improve overall profitability – a compelling value proposition for manufacturers. They even have a presence in high-end markets, with mentions of Harrods and museum-grade piano restoration, though it's unclear how closely linked this is to their core business.

Financially, Yqm-Tec Limited’s recent performance shows some concerning trends. Cash bank on hand has fallen by 38%, dropping to £33,000, and net current assets have declined by 31%, reaching £43,000. Equity has also taken a hit, falling 31% to £44,000. Trade debtors have remained steady, but other creditors have increased significantly, rising by 120%. The lack of employees (zero reported) suggests a lean operation, but the decline in equity and cash reserves raises questions about its financial health. With no auditor mentioned, the figures are unaudited.

In short, Yqm-Tec Limited is a niche player in a specialized market, but its recent financial performance suggests it's facing some challenges. While its BFD technology seems well-regarded, the company needs to address its declining cash reserves and equity to ensure its long-term sustainability.

Registered in England/Wales under the registration number 05721743, with a registered address at LL23 7YD, Wales, Bala, Gwynedd, Hendre Ddu, Stryd Y Fron.

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