Quickbit
Home Improvement & Hardware Retail · United Kingdom · 1-10 Employees
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Overview
Headquarters
Zone 1 Deeside Industrial Park Welsh Rd ...Phone Number
+44 1244288138Website
www.quickbit.co.ukRevenue
<$5 MillionIndustry
ZI Rank: 1
Signal Type
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ZI Rank
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About Quickbit
Quickbit UK is a leading electrical wholesaler specializing in a wide range of electrical products including cables, downlights, switches, and various electrical supplies. They cater primarily to electricians and contractors across the UK, offering fast dispatch and tailored solutions to meet specific project needs. With a commitment to customer support and product quality, Quickbit ensures that clients receive expert advice and assistance from experienced electricians. Their extensive inventory includes popular brands and a variety of products designed for both residential and industrial applications.Explore more
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Revenue
Number of Employees
Type
Funding
Founded In
Quickbit
<$5M
1-10
Private
-
2009
N/A
Company Profile Activity
Activity Insights
Quickbit is experiencing very low activity levels compared to other companies in the Retail sector.
What does this means?
Quickbit is drawing exceptional interest within the Retail industry, suggesting notable developments or strong market momentum, learn more about Quickbit.
Quickbit Tech Stack
A closer look at the technologies used by Quickbit
Quickbit News & Media
Quickbit launches Earn Wallet - possibility to earn a yield by lending of cryptocurrency
Today Quickbit launches Earn Wallet, a feature that allows users of the Quickbit App to lend cryptocurrency and earn a yield. Earn Wallet is initially launched for lending Bitcoin and will be available to users of the Quickbit App in Sweden and Norway. By launching Earn Wallet, Quickbit now gives its Swedish and Norwegian users the opportunity to earn a yield by lending cryptocurrency. Using the service is free of charge and as a firstQuickbit recovers deposited collateral of 3.9 mEUR
Today Quickbit has in its entirety recovered its outstanding receivable consisting of deposited collateral (so-called rolling reserve) in the form of cash and cash equivalents of 3.9 mEUR. Previously, Quickbit announced that the expectation was that the deposited collateral, which was a collateral Quickbit needed to make to a previous acquiring partner, would be repaid to Quickbit before the end of the fourth quarter ‘21/22. The receivable has now been repaid to Quickbit in itsQuickbit establishes new role - appoints Chief Operating Officer
Quickbit strengthens the management team and recruits Anders Jonsson for a newly established role as Chief Operating Officer (COO). In his newly established role as COO, Anders will be responsible for the service organization, technology and IT within Quickbit and drive operational development processes. Anders has a background as a civil engineer in Technical Physics with broad experience from technology development, IT security, leadership and fintech. Most recently, Anders came from a role asQuickbit publishes Q3 ‘21/22 interim report
Sales for the third quarter of ’21/22 totalled €92.1 million, which was in line with the corresponding quarter last year. This corresponded to an average daily volume (ADV) of €1.0 million, which was largely impacted by activity and demand with our merchants. In parallel, the gross margin was 4.0%, which is the current target margin for Quickbit Affiliate. Despite the geopolitical uncertainty in the quarter, we have focused on new product launches and continued geographic
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Quickbit UK is a leading electrical wholesaler specializing in a wide range of electrical products including cables, downlights, switches, and various electrical supplies. They cater primarily to electricians and contractors across the UK, offering fast dispatch and tailored solutions to meet specific project needs. With a commitment to customer su... Read More
