Quest Freight Ltd

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quest freight ltd Company Information

Company Number

02270692

Next Accounts

Mar 2026

Directors

Michael Bond

John Gunn

Shareholders

michael j. bond

stephen d. bond

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Group Structure

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Industry

Freight air transport

Registered Address

the hook, unit 3 aspen way, feltham, TW13 7AQ

Website

www.questfreight.co.uk

quest freight ltd Estimated Valuation

£3.1m

Pomanda estimates the enterprise value of QUEST FREIGHT LTD at £3.1m based on Net Assets of £1.2m and 2.62x industry multiple (adjusted for liquidity).

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Quest Freight Ltd is a live company located in feltham, TW13 7AQ with a Companies House number of 02270692. It operates in the freight air transport sector, SIC Code 51210. Founded in June 1988, it's largest shareholder is michael j. bond with a 80% stake. Quest Freight Ltd is a mature, small sized company, Pomanda has estimated its turnover at £4m with low growth in recent years.

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Pomanda's financial health check has awarded Quest Freight Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

2 Strong

5 Regular

4 Weak

Size

annual sales of £4m, make it smaller than the average company (£9.9m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (8.8%)

EXPORT

Quest Freight Ltd's latest turnover from June 2024 is estimated at £4 million and the company has net assets of £1.2 million. According to their latest financial statements, Quest Freight Ltd has 18 employees and maintains cash reserves of £295.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	4,001,945	4,632,224	4,166,838	3,874,411	3,817,656	6,138,107	6,331,636	5,163,889	5,386,770	6,706,895	8,052,885	8,107,812	6,561,037	6,985,882	4,764,537
Other Income Or Grants
Cost Of Sales	3,123,018	3,658,376	3,236,950	2,798,523	2,882,276	4,912,016	4,910,425	4,056,867	4,221,476	5,504,992	6,670,527	6,437,963	5,184,793	5,768,608	3,791,451
Gross Profit	878,926	973,848	929,888	1,075,888	935,380	1,226,091	1,421,211	1,107,021	1,165,295	1,201,903	1,382,358	1,669,849	1,376,244	1,217,274	973,086
Admin Expenses	981,239	652,738	688,585	873,250	956,930	1,307,875	1,252,802	1,108,614	1,161,852	1,117,307	1,365,584	1,543,528	1,361,192	1,105,967	467,720
Operating Profit	-102,313	321,110	241,303	202,638	-21,550	-81,784	168,409	-1,593	3,443	84,596	16,774	126,321	15,052	111,307	505,366
Interest Payable			7,129	12,340	7,485	3,288	4,761	6,225	3,661
Interest Receivable	14,081	9,881	3,775	503	558	4,598	2,356	638	1,266	907	891	681	123	208	102
Pre-Tax Profit	-88,232	330,991	237,948	190,800	-28,476	-80,474	166,004	-7,180	1,048	85,503	17,665	127,001	15,175	111,515	505,468
Tax		-82,748	-45,210	-36,252			-31,541		-209	-17,100	-3,710	-29,210	-3,642	-28,994	-141,531
Profit After Tax	-88,232	248,243	192,738	154,548	-28,476	-80,474	134,463	-7,180	838	68,402	13,955	97,791	11,533	82,521	363,937
Dividends Paid
Retained Profit	-88,232	248,243	192,738	154,548	-28,476	-80,474	134,463	-7,180	838	68,402	13,955	97,791	11,533	82,521	363,937
Employee Costs	964,051	839,045	677,455	649,477	802,653	855,516	762,890	773,951	731,094	907,865	935,687	1,025,561	664,528	687,601	786,663
Number Of Employees	18	18	18	18	20	20	20	20	20	25	25	28	18	19	24
EBITDA*	-76,699	350,812	265,813	228,868	58,147	-50,505	250,496	62,009	140,589	190,967	154,557	195,984	99,710	157,982	565,378

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	504,196	515,206	479,793	495,509	517,034	538,963	548,458	550,094	554,930	593,415	573,675	589,510	612,170	610,955	619,990
Intangible Assets						49,811	99,623	112,773	122,700	78,007	156,014	166,132	123,460	54,200	87,129
Investments & Other	847,718	917,849	896,011	550,100	300,100		100	100	100						19,992
Debtors (Due After 1 year)
Total Fixed Assets	1,351,914	1,433,055	1,375,804	1,045,609	817,134	588,774	648,181	662,967	677,730	671,422	729,689	755,642	735,630	665,155	727,111
Stock & work in progress
Trade Debtors	464,683	545,480	561,607	431,556	334,989	478,167	573,927	592,754	624,553	654,256	793,864	726,011	859,111	808,993	695,554
Group Debtors
Misc Debtors	76,803	74,501	101,372	103,950	70,307		76,578	32,232	16,875
Cash	295,550	240,883	154,353	449,597	556,046	560,213	665,819	276,538	234,146	272,237	90,493	265,836	6,402	42,665	40,660
misc current assets
total current assets	837,036	860,864	817,332	985,103	961,342	1,099,102	1,316,324	901,524	875,574	926,493	884,357	991,847	865,513	851,658	736,214
total assets	2,188,950	2,293,919	2,193,136	2,030,712	1,778,476	1,687,876	1,964,505	1,564,491	1,553,304	1,597,915	1,614,046	1,747,489	1,601,143	1,516,813	1,463,325
Bank overdraft					7,939	25,000	27,000	27,000	26,500
Bank loan
Trade Creditors	505,380	499,199	554,436	536,232	540,194	867,474	986,649	723,196	675,614	823,042	893,739	1,013,330	929,574	849,943	821,114
Group/Directors Accounts
other short term finances						12,455
hp & lease commitments	7,750	7,750					13,587	10,125	7,995
other current liabilities	489,061	504,193	621,604	473,455	360,533		113,100	87,867	102,235
total current liabilities	1,002,191	1,011,142	1,176,040	1,009,687	908,666	981,702	1,140,336	848,188	812,344	823,042	893,739	1,013,330	929,574	849,943	821,114
loans				196,667	200,000		32,954	59,551	86,152
hp & lease commitments	9,652	17,438					12,455	12,455	3,331
Accruals and Deferred Income
other liabilities										124,234	138,070	165,877	201,078	207,912	265,774
provisions
total long term liabilities	9,652	17,438		196,667	200,000	7,888	45,409	72,006	89,483	124,234	138,070	165,877	201,078	207,912	265,774
total liabilities	1,011,843	1,028,580	1,176,040	1,206,354	1,108,666	989,590	1,185,745	920,194	901,827	947,276	1,031,809	1,179,207	1,130,652	1,057,855	1,086,888
net assets	1,177,107	1,265,339	1,017,096	824,358	669,810	698,286	778,760	644,297	651,477	650,639	582,237	568,282	470,491	458,958	376,437
total shareholders funds	1,177,107	1,265,339	1,017,096	824,358	669,810	698,286	778,760	644,297	651,477	650,639	582,237	568,282	470,491	458,958	376,437

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	-102,313	321,110	241,303	202,638	-21,550	-81,784	168,409	-1,593	3,443	84,596	16,774	126,321	15,052	111,307	505,366
Depreciation	25,614	29,702	24,510	26,230	29,886	31,279	32,275	26,010	28,461	28,364	27,665	27,438	33,468	23,460	29,027
Amortisation					49,811		49,812	37,592	108,685	78,007	110,118	42,225	51,190	23,215	30,985
Tax		-82,748	-45,210	-36,252			-31,541		-209	-17,100	-3,710	-29,210	-3,642	-28,994	-141,531
Stock
Debtors	-78,495	-42,998	127,473	130,210	-72,871	-172,338	25,519	-16,442	-12,828	-139,608	67,853	-133,100	50,118	113,439	695,554
Creditors	6,181	-55,237	18,204	-3,962	-327,280	-119,175	263,453	47,582	-147,428	-70,697	-119,591	83,756	79,631	28,829	821,114
Accruals and Deferred Income	-15,132	-117,411	148,149	112,922	360,533	-113,100	25,233	-14,368	102,235
Deferred Taxes & Provisions
Cash flow from operations	-7,155	138,414	259,483	171,366	164,271	-110,442	482,122	111,665	108,015	242,778	-36,597	383,630	125,581	44,378	549,407
Investing Activities
capital expenditure	-14,604	-65,115	-8,794	-4,705	-7,957	28,028	-67,301	-48,839	-143,354	-48,104	-111,830	-89,675	-155,133	-4,711	-767,131
Change in Investments	-70,131	21,838	345,911	250,000	300,100	-100			100					-19,992	19,992
cash flow from investments	55,527	-86,953	-354,705	-254,705	-308,057	28,128	-67,301	-48,839	-143,454	-48,104	-111,830	-89,675	-155,133	15,281	-787,123
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans					-12,455	12,455
Long term loans			-196,667	-3,333	200,000	-32,954	-26,597	-26,601	86,152
Hire Purchase and Lease Commitments	-7,786	25,188				-26,042	3,462	11,254	11,326
other long term liabilities									-124,234	-13,836	-27,807	-35,201	-6,834	-57,862	265,774
share issue															12,500
interest	14,081	9,881	-3,354	-11,837	-6,927	1,310	-2,405	-5,587	-2,395	907	891	681	123	208	102
cash flow from financing	6,295	35,069	-200,021	-15,170	180,618	-45,231	-25,540	-20,934	-29,151	-12,929	-26,916	-34,520	-6,711	-57,654	278,376
cash and cash equivalents
cash	54,667	86,530	-295,244	-106,449	-4,167	-105,606	389,281	42,392	-38,091	181,744	-175,343	259,434	-36,263	2,005	40,660
overdraft				-7,939	-17,061	-2,000		500	26,500
change in cash	54,667	86,530	-295,244	-98,510	12,894	-103,606	389,281	41,892	-64,591	181,744	-175,343	259,434	-36,263	2,005	40,660

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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QUEST FREIGHT LTD group structure

Quest Freight Ltd has 1 subsidiary company.

Ultimate parent company

QUEST FREIGHT LTD

02270692

1 subsidiary

RAINBOW FREIGHT SERVICES LIMITED

01044743

QUEST FREIGHT LTD Shareholders

michael j. bond	80%
stephen d. bond	10%
john a. gunn	10%

Quest Freight Ltd currently has 2 directors. The longest serving directors include Mr Michael Bond (Nov 1991) and Mr John Gunn (Jan 1994).

officer	country	age	start	end	role
Mr Michael Bond	England	60 years	Nov 1991	-	Director
Mr John Gunn	England	61 years	Jan 1994	-	Director

P&L

June 2024

turnover

-14%

operating profit

-102.3k

gross margin

22%

+4.47%

turnover

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

Balance Sheet

June 2024

net assets

1.2m

-0.07%

total assets

2.2m

-0.05%

cash

295.6k

+0.23%

net assets

Total assets minus all liabilities

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company number

02270692

Type

Private limited with Share Capital

industry

51210 - Freight air transport

incorporation date

June 1988

ultimate parent company

None

previous names

quest airfreight limited (September 2001)

address

the hook, unit 3 aspen way, feltham, TW13 7AQ

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.

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quest freight ltd Company Information

quest freight ltd Estimated Valuation

quest freight ltd Estimated Valuation

quest freight ltd Estimated Valuation

Quest Freight Ltd Overview

Quest Freight Ltd Health Check

QUEST FREIGHT LTD financials

quest freight ltd Credit Report and Business Information

Quest Freight Ltd Competitor Analysis

quest freight ltd Ownership

quest freight ltd directors

quest freight ltd company details

quest freight ltd Charges & Mortgages

quest freight ltd Capital Raised & Share Issues BETA

quest freight ltd Companies House Filings - See Documents