Quelch Engineering Limited

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quelch engineering limited Company Information

Company Number

00660660

Next Accounts

44 days late

Directors

Alun Lewis

Richard Allen

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Shareholders

quelch engineering holdings limited

Group Structure

View All

Industry

Machining

Registered Address

menzies llp 4th floor, 95 gresham street, london, EC2V 7AB

Website

www.quelcheng.co.uk

quelch engineering limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of QUELCH ENGINEERING LIMITED at £2.3m based on Net Assets of £1.3m and 1.68x industry multiple (adjusted for liquidity).

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Quelch Engineering Limited is a live company located in london, EC2V 7AB with a Companies House number of 00660660. It operates in the machining sector, SIC Code 25620. Founded in May 1960, it's largest shareholder is quelch engineering holdings limited with a 100% stake. Quelch Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Quelch Engineering Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £2.1m, make it smaller than the average company (£9.7m)

Growth

3 year (CAGR) sales growth of -29%, show it is growing at a slower rate (3.3%)

EXPORT

Quelch Engineering Limited's latest turnover from May 2023 is estimated at £2.1 million and the company has net assets of £1.3 million. According to their latest financial statements, Quelch Engineering Limited has 16 employees and maintains cash reserves of £40.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	2,101,664	1,231,385	4,329,587	5,906,335	2,799,627	1,622,221	1,398,260	1,697,037	2,411,223	2,128,813	1,984,047	1,906,224	1,458,110	1,189,597
Other Income Or Grants
Cost Of Sales	1,521,052	891,594	3,185,650	4,210,024	2,019,516	1,129,141	983,376	1,193,874	1,694,720	1,473,293	1,371,909	1,295,986	1,004,799	872,531
Gross Profit	580,612	339,791	1,143,938	1,696,311	780,111	493,080	414,884	503,162	716,503	655,519	612,139	610,238	453,311	317,066
Admin Expenses	730,318	581,910	1,236,002	1,287,257	284,184	215,575	275,446	324,793	563,090	508,485	525,190	342,711	322,084	308,042
Operating Profit	-149,706	-242,119	-92,064	409,054	495,927	277,505	139,438	178,369	153,413	147,034	86,949	267,527	131,227	9,024
Interest Payable	25,353	10,536										6,253	3,826	5,758
Interest Receivable	4,827	3,338	260	378	4,593	2,578	1,336	1,740	719	358	82
Pre-Tax Profit	-170,232	-249,317	-91,804	409,432	500,520	280,083	140,774	180,109	154,133	147,392	87,031	261,274	127,401	3,266
Tax				-77,792	-95,099	-53,216	-26,747	-36,022	-30,826	-30,952	-20,017	-54,217	-24,781	-1,016
Profit After Tax	-170,232	-249,317	-91,804	331,640	405,421	226,867	114,027	144,087	123,306	116,440	67,014	207,057	102,620	2,250
Dividends Paid												170,586	100,100	100,100
Retained Profit	-170,232	-249,317	-91,804	331,640	405,421	226,867	114,027	144,087	123,306	116,440	67,014	36,471	2,520	-97,850
Employee Costs	696,611	637,500	605,991	852,823	841,418	898,228	816,094	842,890	764,566	689,962	582,407	544,418	458,101	352,860
Number Of Employees	16	15	15	21	22	24	22	24	22	20	17	16	14	11
EBITDA*	-85,810	-185,134	-27,374	479,304	567,038	304,191	170,949	256,988	245,081	253,678	186,163	358,541	215,578	100,054

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	603,870	200,838	237,323	290,797	348,446	419,250	438,468	395,188	380,437	363,688	469,714	469,025	338,538	422,889
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	603,870	200,838	237,323	290,797	348,446	419,250	438,468	395,188	380,437	363,688	469,714	469,025	338,538	422,889
Stock & work in progress	217,262	84,152	55,435	108,999	152,375	121,687	75,301	79,209	90,081	71,780	76,802	117,430	105,657	100,964
Trade Debtors	450,531	226,170	1,684,810	2,183,625	795,616	372,903	300,361	368,283	585,123	532,846	462,039	334,104	302,291	215,768
Group Debtors	1,525,143	1,523,301
Misc Debtors	58,183	57,317				124,028	60,383	31,996				4,861	4,863	3,963
Cash	40,124	174,401	493,289	27,126	729,293	495,506	535,640	533,511	162,444	125,295	17,961	14,863	9,782	13,892
misc current assets
total current assets	2,291,243	2,065,341	2,233,534	2,319,750	1,677,284	1,114,124	971,685	1,012,999	837,648	729,921	556,802	471,258	422,593	334,587
total assets	2,895,113	2,266,179	2,470,857	2,610,547	2,025,730	1,533,374	1,410,153	1,408,187	1,218,085	1,093,609	1,026,516	940,283	761,131	757,476
Bank overdraft
Bank loan	72,500	129,167
Trade Creditors	448,686	176,225	343,744	575,831	440,075	80,536	109,562	160,182	457,361	439,654	405,821	128,529	82,706	72,705
Group/Directors Accounts
other short term finances
hp & lease commitments	50,154					44,030	58,994	82,939				51,708	17,061	54,598
other current liabilities	467,056	212,737				188,419	206,838	267,518				225,423	296,355	237,361
total current liabilities	1,038,396	518,129	343,744	575,831	440,075	312,985	375,394	510,639	457,361	439,654	405,821	405,660	396,122	364,664
loans	109,376	171,875
hp & lease commitments	400,938					28,113	67,395	52,423				147,041	26,334	43,396
Accruals and Deferred Income
other liabilities			301,621	117,420					66,709	88,644	148,042
provisions		59,540	59,540	59,540	59,539	71,581	73,536	65,323	58,300	52,902	76,684	58,627	46,191	59,452
total long term liabilities	510,314	231,415	361,161	176,960	59,539	99,694	140,931	117,746	125,009	141,546	224,726	205,668	72,525	102,848
total liabilities	1,548,710	749,544	704,905	752,791	499,614	412,679	516,325	628,385	582,370	581,200	630,547	611,328	468,647	467,512
net assets	1,346,403	1,516,635	1,765,952	1,857,756	1,526,116	1,120,695	893,828	779,802	635,715	512,409	395,969	328,955	292,484	289,964
total shareholders funds	1,346,403	1,516,635	1,765,952	1,857,756	1,526,116	1,120,695	893,828	779,802	635,715	512,409	395,969	328,955	292,484	289,964

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-149,706	-242,119	-92,064	409,054	495,927	277,505	139,438	178,369	153,413	147,034	86,949	267,527	131,227	9,024
Depreciation	63,896	56,985	64,690	70,250	71,111	26,686	31,511	78,619	91,668	106,644	99,214	91,014	84,351	91,030
Amortisation
Tax				-77,792	-95,099	-53,216	-26,747	-36,022	-30,826	-30,952	-20,017	-54,217	-24,781	-1,016
Stock	133,110	28,717	-53,564	-43,376	30,688	46,386	-3,908	-10,872	18,301	-5,022	-40,628	11,773	4,693	100,964
Debtors	227,069	121,978	-498,815	1,388,009	298,685	136,187	-39,535	-184,844	52,277	70,807	123,074	31,811	87,423	219,731
Creditors	272,461	-167,519	-232,087	135,756	359,539	-29,026	-50,620	-297,179	17,707	33,833	277,292	45,823	10,001	72,705
Accruals and Deferred Income	254,319	212,737			-188,419	-18,419	-60,680	267,518			-225,423	-70,932	58,994	237,361
Deferred Taxes & Provisions	-59,540			1	-12,042	-1,955	8,213	7,023	5,398	-23,782	18,057	12,436	-13,261	59,452
Cash flow from operations	21,251	-290,611	292,918	-807,364	301,644	19,002	84,558	394,044	166,782	166,992	153,626	248,067	154,415	147,861
Investing Activities
capital expenditure	-466,928	-20,500	-11,216	-12,601	-307	-7,468	-74,791	-93,370	-108,417	-618	-99,903	-221,501		-513,919
Change in Investments
cash flow from investments	-466,928	-20,500	-11,216	-12,601	-307	-7,468	-74,791	-93,370	-108,417	-618	-99,903	-221,501		-513,919
Financing Activities
Bank loans	-56,667	129,167
Group/Directors Accounts
Other Short Term Loans
Long term loans	-62,499	171,875
Hire Purchase and Lease Commitments	451,092				-72,143	-54,246	-8,973	135,362			-198,749	155,354	-54,599	97,994
other long term liabilities		-301,621	184,201	117,420				-66,709	-21,935	-59,398	148,042
share issue							-1							387,814
interest	-20,526	-7,198	260	378	4,593	2,578	1,336	1,740	719	358	82	-6,253	-3,826	-5,758
cash flow from financing	311,400	-7,777	184,461	117,798	-67,550	-51,668	-7,638	70,393	-21,216	-59,040	-50,625	149,101	-58,425	480,050
cash and cash equivalents
cash	-134,277	-318,888	466,163	-702,167	233,787	-40,134	2,129	371,067	37,149	107,334	3,098	5,081	-4,110	13,892
overdraft
change in cash	-134,277	-318,888	466,163	-702,167	233,787	-40,134	2,129	371,067	37,149	107,334	3,098	5,081	-4,110	13,892

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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QUELCH ENGINEERING LIMITED group structure

Quelch Engineering Limited has no subsidiary companies.

Ultimate parent company

QUELCH ENGINEERING LIMITED

00660660

QUELCH ENGINEERING LIMITED Shareholders

quelch engineering holdings limited

100%

Quelch Engineering Limited currently has 3 directors. The longest serving directors include Mr Alun Lewis (Jul 2019) and Mr Richard Allen (Jan 2020).

officer	country	age	start	end	role
Mr Alun Lewis	England	62 years	Jul 2019	-	Director
Mr Richard Allen	England	50 years	Jan 2020	-	Director
Mr John Ryder		51 years	Sep 2023	-	Director

P&L

May 2023

turnover

2.1m

+71%

operating profit

-149.7k

gross margin

27.7%

+0.12%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

May 2023

net assets

1.3m

-0.11%

total assets

2.9m

+0.28%

cash

40.1k

-0.77%

net assets

Total assets minus all liabilities

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company number

00660660

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

May 1960

ultimate parent company

None

previous names

quelch engineering (southall) limited (September 1994)

address

menzies llp 4th floor, 95 gresham street, london, EC2V 7AB

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 13 charges/mortgages relating to quelch engineering limited. Currently there are 4 open charges and 9 have been satisfied in the past.

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quelch engineering limited Company Information

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quelch engineering limited Estimated Valuation

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