queensgate corporation ltd

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queensgate corporation ltd Company Information

Share QUEENSGATE CORPORATION LTD

Company Number

04233045

Shareholders

dr newrick kenneth reay

andrew lawrence reay

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Group Structure

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Industry

Buying and selling of own real estate

 +1

Registered Address

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

queensgate corporation ltd Estimated Valuation

£695.2k

Pomanda estimates the enterprise value of QUEENSGATE CORPORATION LTD at £695.2k based on a Turnover of £411.8k and 1.69x industry multiple (adjusted for size and gross margin).

queensgate corporation ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of QUEENSGATE CORPORATION LTD at £0 based on an EBITDA of £-87k and a 4.96x industry multiple (adjusted for size and gross margin).

queensgate corporation ltd Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of QUEENSGATE CORPORATION LTD at £2.4m based on Net Assets of £1.6m and 1.45x industry multiple (adjusted for liquidity).

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Queensgate Corporation Ltd Overview

Queensgate Corporation Ltd is a live company located in london, EC2V 7AB with a Companies House number of 04233045. It operates in the development of building projects sector, SIC Code 41100. Founded in June 2001, it's largest shareholder is dr newrick kenneth reay with a 99.6% stake. Queensgate Corporation Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £411.8k with declining growth in recent years.

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Queensgate Corporation Ltd Health Check

Pomanda's financial health check has awarded Queensgate Corporation Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £411.8k, make it smaller than the average company (£1.5m)

£411.8k - Queensgate Corporation Ltd

£1.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (5.1%)

-3% - Queensgate Corporation Ltd

5.1% - Industry AVG

production

Production

with a gross margin of 49.5%, this company has a comparable cost of product (49.5%)

49.5% - Queensgate Corporation Ltd

49.5% - Industry AVG

profitability

Profitability

an operating margin of -21.9% make it less profitable than the average company (17.1%)

-21.9% - Queensgate Corporation Ltd

17.1% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (5)

2 - Queensgate Corporation Ltd

5 - Industry AVG

paystructure

Pay Structure

on an average salary of £44.5k, the company has an equivalent pay structure (£44.5k)

£44.5k - Queensgate Corporation Ltd

£44.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £205.9k, this is equally as efficient (£226.1k)

£205.9k - Queensgate Corporation Ltd

£226.1k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Queensgate Corporation Ltd

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Queensgate Corporation Ltd

- - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 1689 days, this is more than average (348 days)

1689 days - Queensgate Corporation Ltd

348 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 651 weeks, this is more cash available to meet short term requirements (9 weeks)

651 weeks - Queensgate Corporation Ltd

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 2%, this is a lower level of debt than the average (69%)

2% - Queensgate Corporation Ltd

69% - Industry AVG

QUEENSGATE CORPORATION LTD financials

EXPORTms excel logo

Queensgate Corporation Ltd's latest turnover from June 2024 is estimated at £411.8 thousand and the company has net assets of £1.6 million. According to their latest financial statements, Queensgate Corporation Ltd has 2 employees and maintains cash reserves of £424.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Turnover411,825444,048414,402445,462814,830731,060627,620520,355784,791357,4944,191,2841,810,9751,293,8385,343,8094,601,252
Other Income Or Grants
Cost Of Sales207,865226,587219,239234,857428,246374,453322,849263,152398,151187,5302,344,540972,146715,4272,880,7312,518,370
Gross Profit203,960217,460195,162210,605386,584356,607304,771257,203386,640169,9631,846,743838,829578,4112,463,0782,082,882
Admin Expenses294,196333,963364,247-102,812488,830398,182394,513-149,283403,262-102,5811,807,480832,157-96,3932,326,497754,501
Operating Profit-90,236-116,503-169,085313,417-102,246-41,575-89,742406,486-16,622272,54439,2636,672674,804136,5811,328,381
Interest Payable35,06372,930102,375127,371113,623190,125275,925137,963
Interest Receivable29,60150,75121,6141,07318120180336928478212817700281
Pre-Tax Profit-60,635-65,752-147,471314,490-102,228-41,455-89,562371,759-88,624170,646-87,896-106,135485,379-139,3161,190,419
Tax-59,753-70,634-34,129-116,491-333,317
Profit After Tax-60,635-65,752-147,471254,737-102,228-41,455-89,562301,125-88,624136,517-87,896-106,135368,888-139,316857,102
Dividends Paid
Retained Profit-60,635-65,752-147,471254,737-102,228-41,455-89,562301,125-88,624136,517-87,896-106,135368,888-139,316857,102
Employee Costs89,10083,32882,21979,40681,14681,49680,25276,705158,81075,162624,838285,472208,286817,307769,616
Number Of Employees222222224217862423
EBITDA*-86,950-113,217-168,140313,835-101,698-41,027-89,194406,945-16,402272,54439,2636,672674,998136,9691,328,769

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Tangible Assets8,91112,19715,4834189661,5142,062880194582
Intangible Assets
Investments & Other1,800
Debtors (Due After 1 year)
Total Fixed Assets8,91112,19715,4834189661,5142,0628801942,382
Stock & work in progress962,406918,273784,5495,176,2064,291,8802,961,0942,241,2923,232,4052,129,0664,822,6193,564,3192,905,2667,789,3477,359,693
Trade Debtors3,35214,16232,78035,73541,53040,596
Group Debtors
Misc Debtors280,440107,13130,987251,46854,49642,28752,278472,38516,933
Cash424,209703,4581,326,5872,131,65414,89821,56310,55861,470207,312163,94827,06357,765268,93611,024211
misc current assets
total current assets1,667,0551,728,8622,142,1232,383,1225,245,6004,355,7303,023,9302,775,1473,456,6502,296,3664,863,8443,654,8643,209,9377,841,9017,400,500
total assets1,675,9661,741,0592,157,6062,383,1225,246,0184,356,6963,025,4442,777,2093,457,5302,296,3664,863,8443,654,8643,209,9377,842,0957,402,882
Bank overdraft1,122,0002,028,0001,891,1001,605,0004,245,0004,245,000
Bank loan1,122,000
Trade Creditors 142,4061,940,401780,425515,4632,876,5092,297,980
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities33,87136,29235,253117,1693,234,7232,243,088870,2881,532,3971,392,036
total current liabilities33,87136,29235,253117,1693,234,7232,243,088870,2881,532,3972,514,0361,264,4063,968,4012,671,5252,120,4637,121,5096,542,980
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions2,0373,87179164257351158
total long term liabilities2,0373,87179164257351158
total liabilities33,87138,32939,124117,1693,234,8022,243,252870,5451,532,7482,514,1941,264,4063,968,4012,671,5252,120,4637,121,5096,542,980
net assets1,642,0951,702,7302,118,4822,265,9532,011,2162,113,4442,154,8991,244,461943,3361,031,960895,443983,3391,089,474720,586859,902
total shareholders funds1,642,0951,702,7302,118,4822,265,9532,011,2162,113,4442,154,8991,244,461943,3361,031,960895,443983,3391,089,474720,586859,902
Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Operating Activities
Operating Profit-90,236-116,503-169,085313,417-102,246-41,575-89,742406,486-16,622272,54439,2636,672674,804136,5811,328,381
Depreciation3,2863,286945418548548548459220194388388
Amortisation
Tax-59,753-70,634-34,129-116,491-333,317
Stock44,133133,724784,549-5,176,206884,3261,330,786719,802-991,1131,103,339-2,693,5531,258,300659,053-4,884,081429,6547,359,693
Debtors173,30976,144-220,481196,97212,209-9,991-420,107455,45213,581-10,810-18,618-2,955-5,79593440,596
Creditors-142,406-1,797,9951,159,976264,962-2,361,046578,5292,297,980
Accruals and Deferred Income-2,4211,039-81,916-3,117,554991,6351,372,800-662,109140,3611,392,036
Deferred Taxes & Provisions-2,037-1,8343,871-79-85-93-94193158
Cash flow from operations-308,850-323,880-810,2532,115,683-6,68310,885-1,051,0921,012,526116,4661,144,783-40,443-384,4643,087,337284,910-4,106,857
Investing Activities
capital expenditure-16,428-1,641-1,100-970
Change in Investments-1,8001,800
cash flow from investments-16,428-1,641-1,1001,800-2,770
Financing Activities
Bank loans-1,122,0001,122,000
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-350,0001,000,0002,800
interest29,60150,75121,6141,07318120180-34,727-72,002-101,897-127,159-112,806-189,425-275,897-137,962
cash flow from financing29,601-299,24921,6141,073181201,000,180-1,156,7271,049,998-101,897-127,159-112,806-189,425-275,897-135,162
cash and cash equivalents
cash-279,249-623,129-805,0672,116,756-6,66511,005-50,912-145,84243,364136,885-30,702-211,171257,91210,813211
overdraft-1,122,000-906,000136,900286,100-2,640,0004,245,000
change in cash-279,249-623,129-805,0672,116,756-6,66511,005-50,912-145,8421,165,3641,042,885-167,602-497,2712,897,91210,813-4,244,789

queensgate corporation ltd 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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Queensgate Corporation Ltd Competitor Analysis

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Perform a competitor analysis for queensgate corporation ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in EC2V area or any other competitors across 12 key performance metrics.

queensgate corporation ltd Ownership

QUEENSGATE CORPORATION LTD group structure

Queensgate Corporation Ltd has no subsidiary companies.

Ultimate parent company

QUEENSGATE CORPORATION LTD

04233045

QUEENSGATE CORPORATION LTD Shareholders

dr newrick kenneth reay 99.57%
andrew lawrence reay 0.21%
newrick kenneth reay 0.21%

queensgate corporation ltd directors

Queensgate Corporation Ltd currently has 2 directors. The longest serving directors include Dr Newrick Reay (Jun 2001) and Mr Andrew Reay (Jun 2001).

officercountryagestartendrole
Dr Newrick Reay82 years Jun 2001- Director
Mr Andrew ReayUnited Kingdom54 years Jun 2001- Director

P&L

June 2024

turnover

411.8k

-7%

operating profit

-90.2k

0%

gross margin

49.6%

+1.13%

turnover

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

Balance Sheet

June 2024

net assets

1.6m

-0.04%

total assets

1.7m

-0.04%

cash

424.2k

-0.4%

net assets

Total assets minus all liabilities

queensgate corporation ltd company details

company number

04233045

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

41100 - Development of building projects

incorporation date

June 2001

age

24

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

June 2024

previous names

N/A

accountant

MENZIES LLP

auditor

-

address

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

Bank

-

Legal Advisor

-

queensgate corporation ltd 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 22 charges/mortgages relating to queensgate corporation ltd. Currently there are 22 open charges and 0 have been satisfied in the past.

queensgate corporation ltd Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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queensgate corporation ltd Companies House Filings - See Documents

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