Remotequest Projects Limited

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remotequest projects limited Company Information

Live

MatureMicroHigh

Company Number

02775165

Next Accounts

Mar 2025

Industry

Renting and leasing of trucks

Directors

Nancy Morgan

Susan Smith

Shareholders

andrew john morgan

susan jane smith

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Group Structure

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Contact

Registered Address

woodside works usk, gwent, NP15 1SS

Website

remotequest projects limited Estimated Valuation

£3.9m

Pomanda estimates the enterprise value of REMOTEQUEST PROJECTS LIMITED at £3.9m based on Net Assets of £1.5m and 2.57x industry multiple (adjusted for liquidity).

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Remotequest Projects Limited is a live company located in gwent, NP15 1SS with a Companies House number of 02775165. It operates in the renting and leasing of trucks and other heavy vehicles sector, SIC Code 77120. Founded in January 1993, it's largest shareholder is andrew john morgan with a 45% stake. Remotequest Projects Limited is a mature, micro sized company, Pomanda has estimated its turnover at £399.4k with high growth in recent years.

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Pomanda's financial health check has awarded Remotequest Projects Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £399.4k, make it smaller than the average company (£13.4m)

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (4.8%)

EXPORT

Remotequest Projects Limited's latest turnover from June 2023 is estimated at £399.4 thousand and the company has net assets of £1.5 million. According to their latest financial statements, Remotequest Projects Limited has 2 employees and maintains cash reserves of £36.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	399,442	450,324	331,661	243,358	1,239,881	958,630	582,873	1,012,035	2,349,758	2,291,409	2,057,913	1,145,596	1,133,686	832,455
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	276,943	318,601	248,471	179,919	899,067	730,506	422,692	722,701	1,743,937	1,708,586	1,525,388	848,579	829,056	650,540
Gross Profit	122,498	131,722	83,190	63,439	340,814	228,125	160,181	289,334	605,822	582,823	532,526	297,017	304,630	181,915
Admin Expenses	23,019	73,461	23,369	-33,865	246,210	126,229	55,588	178,169	493,058	486,057	427,289	191,295	251,165	-606,321
Operating Profit	99,479	58,261	59,821	97,304	94,604	101,896	104,593	111,165	112,764	96,766	105,237	105,722	53,465	788,236
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	1,869	738	78	75	715	397	67	175	469	546	327	171	159	94
Pre-Tax Profit	101,348	58,999	59,899	97,379	95,320	102,293	104,659	111,340	113,233	97,311	105,564	105,893	53,624	788,331
Tax	-25,337	-11,210	-11,381	-18,502	-18,111	-19,436	-19,885	-22,268	-22,646	-20,435	-24,280	-25,414	-13,942	-220,733
Profit After Tax	76,011	47,789	48,518	78,877	77,209	82,857	84,774	89,072	90,586	76,876	81,284	80,479	39,682	567,598
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	76,011	47,789	48,518	78,877	77,209	82,857	84,774	89,072	90,586	76,876	81,284	80,479	39,682	567,598
Employee Costs	88,528	80,812	78,535	77,131	76,141	74,411	71,879	174,686	382,264	295,136	263,479	199,298	154,511	143,382
Number Of Employees	2	2	2	2	2	2	2	5	11	9	8	6	5	5
EBITDA*	240,955	197,934	189,129	209,264	205,257	206,995	187,673	196,034	198,513	187,731	165,099	143,776	92,938	833,342

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	1,286,513	1,246,889	1,157,595	1,102,559	1,083,792	963,303	943,929	798,035	882,904	856,397	818,776	553,241	542,499	570,938
Intangible Assets	0	0	0	0	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,286,513	1,246,889	1,157,595	1,102,559	1,083,792	963,303	943,929	798,035	882,904	856,397	818,776	553,241	542,499	570,938
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	0	15,000	307,636	270,052	157,662	257,662	392,781	352,675	314,195	246,054	192,558	108,805
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	630,342	574,111	514,512	622,879	266,821	241,882	320,040	263,516	0	0	0	0	0	0
Cash	36,399	38,344	79,673	76,055	73,126	117,629	41,037	12,269	57,570	129,953	88,246	42,605	25,826	37,726
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	666,741	612,455	594,185	713,934	647,583	629,563	518,739	533,447	450,351	482,628	402,441	288,659	218,384	146,531
total assets	1,953,254	1,859,344	1,751,780	1,816,493	1,731,375	1,592,866	1,462,668	1,331,482	1,333,255	1,339,025	1,221,217	841,900	760,883	717,469
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	910	25,908	6,586	11,028	94,349	1,189	3,536	3,464	318,271	424,817	402,658	124,946	128,649	125,487
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	3,000	3,000
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	6,167	6,166	0	0	0	0	0	0	0
other current liabilities	314,243	272,273	214,674	334,862	259,713	286,713	248,710	235,896	0	0	0	0	0	0
total current liabilities	315,153	298,181	221,260	345,890	354,062	294,069	258,412	239,360	318,271	424,817	402,658	124,946	131,649	128,487
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	6,167	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
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	116,389	115,462	132,608	121,209	106,796	105,489	87,638	66,445	78,379	68,189	49,416	29,095	21,854	21,284
total long term liabilities	116,389	115,462	132,608	121,209	106,796	105,489	93,805	66,445	78,379	68,189	49,416	29,095	21,854	21,284
total liabilities	431,542	413,643	353,868	467,099	460,858	399,558	352,217	305,805	396,650	493,006	452,074	154,041	153,503	149,771
net assets	1,521,712	1,445,701	1,397,912	1,349,394	1,270,517	1,193,308	1,110,451	1,025,677	936,605	846,019	769,143	687,859	607,380	567,698
total shareholders funds	1,521,712	1,445,701	1,397,912	1,349,394	1,270,517	1,193,308	1,110,451	1,025,677	936,605	846,019	769,143	687,859	607,380	567,698

	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	99,479	58,261	59,821	97,304	94,604	101,896	104,593	111,165	112,764	96,766	105,237	105,722	53,465	788,236
Depreciation	141,476	139,673	129,308	111,960	110,653	105,099	83,080	84,869	85,749	90,965	59,862	38,054	39,473	45,106
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-25,337	-11,210	-11,381	-18,502	-18,111	-19,436	-19,885	-22,268	-22,646	-20,435	-24,280	-25,414	-13,942	-220,733
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	56,231	59,599	-123,367	63,422	62,523	34,232	-43,476	128,397	40,106	38,480	68,141	53,496	83,753	108,805
Creditors	-24,998	19,322	-4,442	-83,321	93,160	-2,347	72	-314,807	-106,546	22,159	277,712	-3,703	3,162	125,487
Accruals and Deferred Income	41,970	57,599	-120,188	75,149	-27,000	38,003	12,814	235,896	0	0	0	0	0	0
Deferred Taxes & Provisions	927	-17,146	11,399	14,413	1,307	17,851	21,193	-11,934	10,190	18,773	20,321	7,241	570	21,284
Cash flow from operations	177,286	186,900	187,884	133,581	192,090	206,834	245,343	-45,476	39,405	169,748	370,711	68,404	-1,025	650,575
Investing Activities
capital expenditure	-181,100	-228,967	-184,344	-130,727	-231,142	-124,473	-228,974	0	-112,256	-128,586	-325,397	-48,796	-11,034	-616,044
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-181,100	-228,967	-184,344	-130,727	-231,142	-124,473	-228,974	0	-112,256	-128,586	-325,397	-48,796	-11,034	-616,044
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	-3,000	0	3,000
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	-6,167	-6,166	12,333	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	1,869	738	78	75	715	397	67	175	469	546	327	171	159	94
cash flow from financing	1,869	738	78	75	-5,452	-5,769	12,400	175	469	546	327	-2,829	159	3,194
cash and cash equivalents
cash	-1,945	-41,329	3,618	2,929	-44,503	76,592	28,768	-45,301	-72,383	41,707	45,641	16,779	-11,900	37,726
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-1,945	-41,329	3,618	2,929	-44,503	76,592	28,768	-45,301	-72,383	41,707	45,641	16,779	-11,900	37,726

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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REMOTEQUEST PROJECTS LIMITED group structure

Remotequest Projects Limited has no subsidiary companies.

Ultimate parent company

REMOTEQUEST PROJECTS LIMITED

02775165

REMOTEQUEST PROJECTS LIMITED Shareholders

andrew john morgan	45%
susan jane smith	45%
nancy doreen morgan	10%

Remotequest Projects Limited currently has 2 directors. The longest serving directors include Mrs. Nancy Morgan (Jan 1993) and Mrs. Susan Smith (Apr 1998).

officer	country	age	start	end	role
Mrs. Nancy Morgan	United Kingdom	82 years	Jan 1993	-	Director
Mrs. Susan Smith		58 years	Apr 1998	-	Director

P&L

June 2023

turnover

399.4k

-11%

operating profit

99.5k

gross margin

30.7%

+4.84%

turnover

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

Balance Sheet

June 2023

net assets

1.5m

+0.05%

total assets

+0.05%

cash

36.4k

-0.05%

net assets

Total assets minus all liabilities

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company number

02775165

Type

Private limited with Share Capital

industry

77120 - Renting and leasing of trucks

incorporation date

January 1993

ultimate parent company

None

previous names

N/A

address

woodside works usk, gwent, NP15 1SS

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 1 charges/mortgages relating to remotequest projects limited. Currently there are 0 open charges and 1 have been satisfied in the past.

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remotequest projects limited Company Information

remotequest projects limited Estimated Valuation

remotequest projects limited Estimated Valuation

remotequest projects limited Estimated Valuation

Remotequest Projects Limited Overview

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REMOTEQUEST PROJECTS LIMITED financials

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