Quartztec Europe Limited

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quartztec europe limited Company Information

Live

MatureMidDeclining

Company Number

00734915

Next Accounts

Sep 2025

Industry

Manufacture and processing of other glass, including technical glassware

Directors

Ronald Jackman

Wenhua Zhou

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Shareholders

quartztec holdings limited

Group Structure

View All

Contact

Registered Address

loxwood newcastle road, corbridge, northumberland, NE45 5LN

Website

http://multilab.co.uk

quartztec europe limited Estimated Valuation

£9.8m

Pomanda estimates the enterprise value of QUARTZTEC EUROPE LIMITED at £9.8m based on Net Assets of £4.6m and 2.13x industry multiple (adjusted for liquidity).

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Quartztec Europe Limited is a live company located in northumberland, NE45 5LN with a Companies House number of 00734915. It operates in the manufacture and processing of other glass, including technical glassware sector, SIC Code 23190. Founded in September 1962, it's largest shareholder is quartztec holdings limited with a 100% stake. Quartztec Europe Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9m with declining growth in recent years.

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Pomanda's financial health check has awarded Quartztec Europe Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

7 Regular

3 Weak

Size

annual sales of £10.1m, make it in line with the average company (£10.1m)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (7.2%)

EXPORT

Quartztec Europe Limited's latest turnover from December 2023 is £9 million and the company has net assets of £4.6 million. According to their latest financial statements, Quartztec Europe Limited has 60 employees and maintains cash reserves of £53.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	9,013,326	10,142,332	9,372,292	8,172,273	11,291,495	7,666,160	6,325,163	4,746,103	3,871,622	7,375,291	9,787,836	5,474,875	8,008,346	7,018,502	4,290,710
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,166,736	6,704,152	5,768,648	5,904,438	8,177,252	5,208,811	4,494,704	3,344,401	2,535,027	5,379,480	7,223,769	3,942,940	5,468,102	4,599,459	2,711,036
Gross Profit	2,846,590	3,438,180	3,603,644	2,267,835	3,114,244	2,457,349	1,830,459	1,401,702	1,336,595	1,995,811	2,564,067	1,531,935	2,540,244	2,419,043	1,579,674
Admin Expenses	1,804,306	1,899,160	2,967,178	1,955,454	2,448,639	1,860,808	1,569,437	1,183,496	2,834,285	1,846,223	2,413,044	1,915,494	2,474,078	1,703,953	-1,263,066
Operating Profit	1,042,284	1,539,020	636,466	312,381	665,605	596,541	261,022	218,206	-1,497,690	149,588	151,023	-383,559	66,166	715,090	2,842,740
Interest Payable	51,622	96,663	33,731	42,056	52,782	70,125	41,884	5,521	0	4,942	11,477	14,597	8,062	0	0
Interest Receivable	22	5	1,946	353	269	1,061	610	409	763	903	861	650	1,991	1,996	424
Pre-Tax Profit	990,684	1,442,362	604,680	270,678	613,091	527,477	219,747	213,094	-1,496,927	145,549	140,408	-397,505	60,095	717,086	2,843,164
Tax	-264,056	-218,740	-114,889	-51,429	-116,487	-100,221	-41,752	-42,619	0	-30,565	-32,294	0	-15,625	-200,784	-796,086
Profit After Tax	726,628	1,223,622	489,791	219,249	496,604	427,256	177,995	170,475	-1,496,927	114,984	108,114	-397,505	44,470	516,302	2,047,078
Dividends Paid	95,506	387,754	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	631,122	835,868	489,791	219,249	496,604	427,256	177,995	170,475	-1,496,927	114,984	108,114	-397,505	44,470	516,302	2,047,078
Employee Costs	1,820,053	2,031,443	2,104,655	2,021,698	1,981,202	1,816,525	1,431,479	1,272,854	1,007,266	2,317,310	2,774,081	1,543,509	1,703,347	1,200,705	1,337,302
Number Of Employees	60	51	45	43	45	43	37	36	33	81	108	55	57	40	38
EBITDA*	1,211,896	1,704,902	776,036	453,737	841,867	738,705	378,548	308,864	-1,409,573	235,988	246,945	-280,797	201,475	818,695	2,934,051

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	1,646,290	1,052,027	882,830	885,274	868,064	909,625	756,504	760,585	671,070	742,049	748,887	841,669	931,174	974,520	815,953
Intangible Assets	1,097	2,331	3,976	5,621	7,266	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	448,385	672,577	896,769	896,769	896,769	0	0	0	0	1,311,439	907,533	907,533	907,533
Total Fixed Assets	1,647,387	1,054,358	1,335,191	1,563,472	1,772,099	1,806,394	1,653,273	760,585	671,070	742,049	748,887	2,153,108	1,838,707	1,882,053	1,723,486
Stock & work in progress	3,115,447	2,463,028	2,283,568	1,719,100	1,451,061	1,277,342	1,016,424	772,521	625,081	629,752	635,041	767,648	1,009,208	847,784	813,138
Trade Debtors	1,661,882	2,172,509	1,359,107	1,100,366	1,240,885	1,047,010	825,881	752,220	666,034	2,040,478	2,165,067	670,277	1,135,805	838,154	590,673
Group Debtors	0	335,149	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	238,555	291,210	177,084	157,286	110,909	145,841	111,567	109,279	0	0	0	0	0	0	0
Cash	53,126	435,398	180,245	338,683	366,972	170,516	112,323	131,515	195,745	109,282	251,899	92,653	167,443	628,846	169,604
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,069,010	5,697,294	4,000,004	3,315,435	3,169,827	2,640,709	2,066,195	1,765,535	1,486,860	2,779,512	3,052,007	1,530,578	2,312,456	2,314,784	1,573,415
total assets	6,716,397	6,751,652	5,335,195	4,878,907	4,941,926	4,447,103	3,719,468	2,526,120	2,157,930	3,521,561	3,800,894	3,683,686	4,151,163	4,196,837	3,296,901
Bank overdraft	0	0	0	0	0	0	187,500	40,000	0	0	0	0	0	0	0
Bank loan	0	0	131,667	228,611	200,833	200,833	0	0	0	0	0	0	0	0	0
Trade Creditors	755,128	787,313	458,283	493,004	520,951	436,819	409,183	333,047	359,944	444,692	857,195	744,342	709,685	779,825	504,800
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	93,539	19,886	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	632,325	1,804,783	1,219,216	991,348	1,066,800	928,403	641,748	155,342	0	0	0	0	0	0	0
total current liabilities	1,480,992	2,611,982	1,809,166	1,712,963	1,788,584	1,566,055	1,238,431	528,389	359,944	444,692	857,195	744,342	709,685	779,825	504,800
loans	0	0	253,750	385,417	564,028	764,861	924,583	136,667	0	0	152,063	201,063	248,063	0	0
hp & lease commitments	303,497	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	20,036	58,912	93,707	123,728	29,601	517,080	642,080	411,534	255,177	296,979	350,608	617,632	545,023
provisions	347,032	185,916	134,357	93,520	86,761	80,217	41,867	36,993	19,390	31,892	18,000	30,957	34,957	36,000	0
total long term liabilities	650,529	185,916	408,143	537,849	744,496	968,806	996,051	690,740	661,470	443,426	425,240	528,999	633,628	653,632	545,023
total liabilities	2,131,521	2,797,898	2,217,309	2,250,812	2,533,080	2,534,861	2,234,482	1,219,129	1,021,414	888,118	1,282,435	1,273,341	1,343,313	1,433,457	1,049,823
net assets	4,584,876	3,953,754	3,117,886	2,628,095	2,408,846	1,912,242	1,484,986	1,306,991	1,136,516	2,633,443	2,518,459	2,410,345	2,807,850	2,763,380	2,247,078
total shareholders funds	4,584,876	3,953,754	3,117,886	2,628,095	2,408,846	1,912,242	1,484,986	1,306,991	1,136,516	2,633,443	2,518,459	2,410,345	2,807,850	2,763,380	2,247,078

	Dec 2023	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	1,042,284	1,539,020	636,466	312,381	665,605	596,541	261,022	218,206	-1,497,690	149,588	151,023	-383,559	66,166	715,090	2,842,740
Depreciation	168,378	164,237	137,925	139,711	175,302	142,164	117,526	90,658	88,117	86,400	95,922	102,762	135,309	103,605	91,311
Amortisation	1,234	1,645	1,645	1,645	960	0	0	0	0	0	0	0	0	0	0
Tax	-264,056	-218,740	-114,889	-51,429	-116,487	-100,221	-41,752	-42,619	0	-30,565	-32,294	0	-15,625	-200,784	-796,086
Stock	831,879	179,460	564,468	268,039	173,719	260,918	243,903	147,440	-4,671	-5,289	-132,607	-241,560	161,424	34,646	813,138
Debtors	-84,139	814,292	54,347	-318,334	158,943	255,403	972,718	195,465	-1,374,444	-124,589	183,351	-61,622	297,651	247,481	1,498,206
Creditors	296,845	329,030	-34,721	-27,947	84,132	27,636	76,136	-26,897	-84,748	-412,503	112,853	34,657	-70,140	275,025	504,800
Accruals and Deferred Income	-586,891	585,567	227,868	-75,452	138,397	286,655	486,406	155,342	0	0	0	0	0	0	0
Deferred Taxes & Provisions	212,675	51,559	40,837	6,759	6,544	38,350	4,874	17,603	-12,502	13,892	-12,957	-4,000	-1,043	36,000	0
Cash flow from operations	122,729	1,458,566	276,316	355,963	621,791	474,804	-312,409	69,388	-127,708	-63,310	263,803	53,042	-344,408	646,809	331,421
Investing Activities
capital expenditure	-930,193	-333,434	-135,481	-156,921	-141,967	-295,285	-113,445	-180,173	-17,138	-79,562	-3,140	-13,257	-91,963	-262,172	-907,264
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-930,193	-333,434	-135,481	-156,921	-141,967	-295,285	-113,445	-180,173	-17,138	-79,562	-3,140	-13,257	-91,963	-262,172	-907,264
Financing Activities
Bank loans	-131,667	-131,667	-96,944	27,778	0	200,833	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-253,750	-253,750	-131,667	-178,611	-200,833	-159,722	787,916	136,667	0	-152,063	-49,000	-47,000	248,063	0	0
Hire Purchase and Lease Commitments	397,036	19,886	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-20,036	-20,036	-38,876	-34,795	-30,021	94,127	-487,479	-125,000	230,546	156,357	-41,802	-53,629	-267,024	72,609	545,023
share issue	835,868	0	0	0	0	0	0	0	0	0	0	0	0	0	200,000
interest	-51,600	-96,658	-31,785	-41,703	-52,513	-69,064	-41,274	-5,112	763	-4,039	-10,616	-13,947	-6,071	1,996	424
cash flow from financing	775,851	-482,225	-299,272	-227,331	-283,367	66,174	259,163	6,555	231,309	255	-101,418	-114,576	-25,032	74,605	745,447
cash and cash equivalents
cash	-127,119	255,153	-158,438	-28,289	196,456	58,193	-19,192	-64,230	86,463	-142,617	159,246	-74,790	-461,403	459,242	169,604
overdraft	0	0	0	0	0	-187,500	147,500	40,000	0	0	0	0	0	0	0
change in cash	-127,119	255,153	-158,438	-28,289	196,456	245,693	-166,692	-104,230	86,463	-142,617	159,246	-74,790	-461,403	459,242	169,604

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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QUARTZTEC EUROPE LIMITED group structure

Quartztec Europe Limited has no subsidiary companies.

Ultimate parent company

QUARTZTEC HOLDINGS LIMITED

SC508506

1 parent

QUARTZTEC EUROPE LIMITED

00734915

QUARTZTEC EUROPE LIMITED Shareholders

quartztec holdings limited

100%

Quartztec Europe Limited currently has 3 directors. The longest serving directors include Mr Ronald Jackman (Dec 2015) and Mr Wenhua Zhou (Aug 2023).

officer	country	age	start	end	role
Mr Ronald Jackman	United Kingdom	67 years	Dec 2015	-	Director
Mr Wenhua Zhou	Scotland	58 years	Aug 2023	-	Director
Mr Weijun Zhou	Scotland	32 years	Aug 2023	-	Director

P&L

December 2023

turnover

operating profit

gross margin

31.6%

turnover

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

Balance Sheet

December 2023

net assets

4.6m

+0.47%

total assets

6.7m

+0.26%

cash

53.1k

-0.71%

net assets

Total assets minus all liabilities

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company number

00734915

Type

Private limited with Share Capital

industry

23190 - Manufacture and processing of other glass, including technical glassware

incorporation date

September 1962

ultimate parent company

QUARTZTEC HOLDINGS LIMITED

previous names

multi-lab quartztec ltd (January 2016)

heraeus quartztech limited (February 2008)

address

loxwood newcastle road, corbridge, northumberland, NE45 5LN

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 9 charges/mortgages relating to quartztec europe limited. Currently there are 4 open charges and 5 have been satisfied in the past.

quartztec europe limited Company Information

quartztec europe limited Estimated Valuation

quartztec europe limited Estimated Valuation

quartztec europe limited Estimated Valuation

Quartztec Europe Limited Overview

Quartztec Europe Limited Health Check

QUARTZTEC EUROPE LIMITED financials

quartztec europe limited Credit Report and Business Information

Quartztec Europe Limited Competitor Analysis

quartztec europe limited Ownership

quartztec europe limited directors

quartztec europe limited company details

quartztec europe limited Charges & Mortgages

quartztec europe limited Companies House Filings - See Documents