quinton major precision limited

quinton major precision limited Company Information

Share QUINTON MAJOR PRECISION LIMITED
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MatureMidLow

Company Number

01610411

Industry

Machining

 

Directors

Frank Clark

Shareholders

frank william bryce clark

Group Structure

View All

Contact

Registered Address

2 rhosili road, brackmills, northampton, NN4 7JE

quinton major precision limited Estimated Valuation

£2.8m

Pomanda estimates the enterprise value of QUINTON MAJOR PRECISION LIMITED at £2.8m based on a Turnover of £6.3m and 0.45x industry multiple (adjusted for size and gross margin).

quinton major precision limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of QUINTON MAJOR PRECISION LIMITED at £1.4m based on an EBITDA of £381.8k and a 3.66x industry multiple (adjusted for size and gross margin).

quinton major precision limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of QUINTON MAJOR PRECISION LIMITED at £1.9m based on Net Assets of £1.1m and 1.73x industry multiple (adjusted for liquidity).

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Quinton Major Precision Limited Overview

Quinton Major Precision Limited is a live company located in northampton, NN4 7JE with a Companies House number of 01610411. It operates in the machining sector, SIC Code 25620. Founded in February 1982, it's largest shareholder is frank william bryce clark with a 100% stake. Quinton Major Precision Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.3m with low growth in recent years.

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Quinton Major Precision Limited Health Check

Pomanda's financial health check has awarded Quinton Major Precision Limited a 2 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 Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

4 Regular

positive_score

6 Weak

size

Size

annual sales of £6.3m, make it smaller than the average company (£9.1m)

£6.3m - Quinton Major Precision Limited

£9.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a faster rate (0.8%)

2% - Quinton Major Precision Limited

0.8% - Industry AVG

production

Production

with a gross margin of 27.9%, this company has a comparable cost of product (27.9%)

27.9% - Quinton Major Precision Limited

27.9% - Industry AVG

profitability

Profitability

an operating margin of 4.6% make it less profitable than the average company (6.5%)

4.6% - Quinton Major Precision Limited

6.5% - Industry AVG

employees

Employees

with 65 employees, this is similar to the industry average (69)

65 - Quinton Major Precision Limited

69 - Industry AVG

paystructure

Pay Structure

on an average salary of £41.3k, the company has an equivalent pay structure (£41.3k)

£41.3k - Quinton Major Precision Limited

£41.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £97k, this is less efficient (£124.9k)

£97k - Quinton Major Precision Limited

£124.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 70 days, this is near the average (66 days)

70 days - Quinton Major Precision Limited

66 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 75 days, this is slower than average (52 days)

75 days - Quinton Major Precision Limited

52 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 91 days, this is more than average (71 days)

91 days - Quinton Major Precision Limited

71 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (10 weeks)

6 weeks - Quinton Major Precision Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 66.2%, this is a higher level of debt than the average (48.5%)

66.2% - Quinton Major Precision Limited

48.5% - Industry AVG

QUINTON MAJOR PRECISION LIMITED financials

EXPORTms excel logo

Quinton Major Precision Limited's latest turnover from March 2023 is estimated at £6.3 million and the company has net assets of £1.1 million. According to their latest financial statements, Quinton Major Precision Limited has 65 employees and maintains cash reserves of £190 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover6,307,0147,348,0385,838,3445,904,6396,015,0375,761,3973,893,1643,873,8534,652,1855,049,0775,054,3404,908,5164,848,3892,271,363
Other Income Or Grants00000000000000
Cost Of Sales4,544,8835,251,2394,260,9544,169,0844,246,5354,016,8232,709,0572,707,9253,216,4393,444,8363,436,2983,398,2183,325,0441,224,984
Gross Profit1,762,1312,096,7991,577,3911,735,5551,768,5011,744,5751,184,1071,165,9281,435,7461,604,2411,618,0421,510,2981,523,3451,046,379
Admin Expenses1,473,3121,963,0151,491,2041,643,9921,673,3871,505,3631,243,0241,156,3431,387,1951,591,8911,586,9461,388,4471,466,5391,034,355
Operating Profit288,819133,78486,18791,56395,114239,212-58,9179,58548,55112,35031,096121,85156,80612,024
Interest Payable73,32260,83446,44142,44344,18534,94720,5816,27200005,447562
Interest Receivable4,4362171591427974171111010
Pre-Tax Profit219,93273,16739,90549,26251,007204,340-79,4813,31448,55212,35131,097121,85151,36011,462
Tax-41,787-13,902-7,582-9,360-9,691-38,8250-663-10,196-2,841-7,463-31,681-14,381-3,292
Profit After Tax178,14559,26532,32339,90241,316165,515-79,4812,65138,3569,51023,63490,17036,9798,170
Dividends Paid000000000000012,000
Retained Profit178,14559,26532,32339,90241,316165,515-79,4812,65138,3569,51023,63490,17036,979-3,830
Employee Costs2,683,9892,566,9362,389,5692,435,7662,289,6312,158,0671,631,2651,566,8151,504,2901,712,3371,567,6071,511,5351,537,774686,271
Number Of Employees6564616463604645445046454721
EBITDA*381,797218,478174,063177,111179,650324,51325,16576,07098,22971,16495,344173,880106,59873,919

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets627,779459,815457,171462,688506,923325,094378,104380,541276,464258,852290,932326,430109,748153,169
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets627,779459,815457,171462,688506,923325,094378,104380,541276,464258,852290,932326,430109,748153,169
Stock & work in progress1,143,2211,029,000819,879868,689582,854522,397435,889360,183318,949322,876229,870211,791292,456233,569
Trade Debtors1,223,2771,877,2601,418,3561,195,7651,580,8621,491,755936,180876,3511,084,0381,173,4741,225,1111,334,0101,235,295684,358
Group Debtors00000000000000
Misc Debtors5,55669665,151124,935125,425189,966125,865193,02000000202,401
Cash190,04918,69939,203278,0195,06915,88113,744240199123770177158
misc current assets00000000000000
total current assets2,562,1032,925,6552,342,5892,467,4082,294,2102,219,9991,511,6781,429,7941,403,1861,496,3621,455,3581,545,8011,527,9281,120,486
total assets3,189,8823,385,4702,799,7602,930,0962,801,1332,545,0931,889,7821,810,3351,679,6501,755,2141,746,2901,872,2311,637,6761,273,655
Bank overdraft350,428813,585622,237692,079699,503609,675465,606192,98800000167,590
Bank loan00000000000000
Trade Creditors 936,075952,382533,904870,387715,179762,433439,366478,889941,8041,039,8411,002,1901,100,0931,146,605362,358
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments103,38067,29979,17888,092106,32261,07374,23896,169000000
other current liabilities236,609351,246379,654297,128289,989313,132259,738271,31400000300,206
total current liabilities1,626,4922,184,5121,614,9731,947,6861,810,9931,746,3131,238,9481,039,360941,8041,039,8411,002,1901,100,0931,146,605830,154
loans108,334158,334208,33400000000000
hp & lease commitments238,25576,46152,841100,303142,88540,40882,05697,147000000
Accruals and Deferred Income00000000000000
other liabilities0000000065,19685,948122,942173,8242,5712,571
provisions137,58665,09381,80772,62577,67530,1086,02931,59833,07128,20229,44530,23510,5910
total long term liabilities484,175299,888342,982172,928220,56070,51688,085128,74598,267114,150152,387204,05913,1622,571
total liabilities2,110,6672,484,4001,957,9552,120,6142,031,5531,816,8291,327,0331,168,1051,040,0711,153,9911,154,5771,304,1521,159,767832,725
net assets1,079,215901,070841,805809,482769,580728,264562,749642,230639,579601,223591,713568,079477,909440,930
total shareholders funds1,079,215901,070841,805809,482769,580728,264562,749642,230639,579601,223591,713568,079477,909440,930
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit288,819133,78486,18791,56395,114239,212-58,9179,58548,55112,35031,096121,85156,80612,024
Depreciation92,97884,69487,87685,54884,53685,30184,08266,48549,67858,81464,24852,02949,79261,895
Amortisation00000000000000
Tax-41,787-13,902-7,582-9,360-9,691-38,8250-663-10,196-2,841-7,463-31,681-14,381-3,292
Stock114,221209,121-48,810285,83560,45786,50875,70641,234-3,92793,00618,079-80,66558,887233,569
Debtors-649,123394,449162,807-385,58724,566619,676-7,326-14,667-89,436-51,637-108,89998,715348,536886,759
Creditors-16,307418,478-336,483155,208-47,254323,067-39,523-462,915-98,03737,651-97,903-46,512784,247362,358
Accruals and Deferred Income-114,637-28,40882,5267,139-23,14353,394-11,576271,3140000-300,206300,206
Deferred Taxes & Provisions72,493-16,7149,182-5,05047,56724,079-25,569-1,4734,869-1,243-79019,64410,5910
Cash flow from operations816,461-25,638-192,291424,80062,106-19,956-119,883-144,23488,22863,36280,00897,281179,426-387,137
Investing Activities
capital expenditure-260,942-87,338-82,359-41,313-266,365-32,291-81,645-170,562-67,290-26,734-28,750-268,711-6,371-215,064
Change in Investments00000000000000
cash flow from investments-260,942-87,338-82,359-41,313-266,365-32,291-81,645-170,562-67,290-26,734-28,750-268,711-6,371-215,064
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans-50,000-50,000208,33400000000000
Hire Purchase and Lease Commitments197,87511,741-56,376-60,812147,726-54,813-37,022193,316000000
other long term liabilities0000000-65,196-20,752-36,994-50,882171,25302,571
share issue0000000000000444,760
interest-68,886-60,617-46,282-42,301-44,106-34,873-20,564-6,2711110-5,446-562
cash flow from financing78,989-98,876105,676-103,113103,620-89,686-57,586121,849-20,751-36,993-50,881171,253-5,446446,769
cash and cash equivalents
cash171,350-20,504-238,816272,950-10,8122,13713,50441187-365377-17719158
overdraft-463,157191,348-69,842-7,42489,828144,069272,618192,9880000-167,590167,590
change in cash634,507-211,852-168,974280,374-100,640-141,932-259,114-192,947187-365377-177167,609-167,432

quinton major precision limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Quinton Major Precision Limited Competitor Analysis

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Perform a competitor analysis for quinton major precision limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in NN4 area or any other competitors across 12 key performance metrics.

quinton major precision limited Ownership

QUINTON MAJOR PRECISION LIMITED group structure

Quinton Major Precision Limited has no subsidiary companies.

Ultimate parent company

QUINTON MAJOR PRECISION LIMITED

01610411

QUINTON MAJOR PRECISION LIMITED Shareholders

frank william bryce clark 100%

quinton major precision limited directors

Quinton Major Precision Limited currently has 1 director, Mr Frank Clark serving since Oct 1991.

officercountryagestartendrole
Mr Frank Clark84 years Oct 1991- Director

P&L

March 2023

turnover

6.3m

-14%

operating profit

288.8k

0%

gross margin

28%

-2.09%

turnover

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

Balance Sheet

March 2023

net assets

1.1m

+0.2%

total assets

3.2m

-0.06%

cash

190k

+9.16%

net assets

Total assets minus all liabilities

quinton major precision limited company details

company number

01610411

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

February 1982

age

42

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2023

previous names

underfold limited (June 1982)

accountant

CLIFFORD ROBERTS

auditor

-

address

2 rhosili road, brackmills, northampton, NN4 7JE

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

quinton major precision limited Charges & Mortgages

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 quinton major precision limited. Currently there are 2 open charges and 7 have been satisfied in the past.

charges

quinton major precision limited Companies House Filings - See Documents

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