Weymouth Quality Engineering Limited

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weymouth quality engineering limited Company Information

Live

MatureSmallDeclining

Company Number

04270187

Next Accounts

May 2025

Industry

Other manufacturing n.e.c.

Directors

Roger Cary

Wayne Cary

Shareholders

roger cary

wayne andrew cary

Group Structure

View All

Contact

Registered Address

31 cambridge road, granby industrial estate, weymouth, dorset, DT4 9TJ

Website

http://wqe.uk.com

weymouth quality engineering limited Estimated Valuation

£380.4k

Pomanda estimates the enterprise value of WEYMOUTH QUALITY ENGINEERING LIMITED at £380.4k based on Net Assets of £182.2k and 2.09x industry multiple (adjusted for liquidity).

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Weymouth Quality Engineering Limited is a live company located in weymouth, DT4 9TJ with a Companies House number of 04270187. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in August 2001, it's largest shareholder is roger cary with a 50% stake. Weymouth Quality Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £502.7k with declining growth in recent years.

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Pomanda's financial health check has awarded Weymouth Quality Engineering Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £502.7k, make it smaller than the average company (£13.2m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (4.6%)

EXPORT

Weymouth Quality Engineering Limited's latest turnover from August 2023 is estimated at £502.7 thousand and the company has net assets of £182.2 thousand. According to their latest financial statements, Weymouth Quality Engineering Limited has 4 employees and maintains cash reserves of £67.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	502,746	392,435	435,578	526,413	465,772	639,361	445,823	732,000	751,617	584,280	484,049	526,137	597,213	549,505	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	355,434	274,707	311,243	373,422	326,188	446,950	303,930	495,712	513,155	396,722	328,964	356,198	404,693	369,244	0
Gross Profit	147,312	117,729	124,335	152,991	139,584	192,411	141,893	236,288	238,462	187,558	155,085	169,939	192,520	180,262	0
Admin Expenses	125,317	182,843	194,071	131,100	170,618	187,146	180,408	198,611	345,235	157,314	47,882	246,659	97,308	244,690	-381,508
Operating Profit	21,995	-65,114	-69,736	21,891	-31,034	5,265	-38,515	37,677	-106,773	30,244	107,203	-76,720	95,212	-64,428	381,508
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	4,009	1,879	157	183	1,256	1,317	491	433	1,088	1,386	1,133	1,036	938	824	466
Pre-Tax Profit	26,004	-63,235	-69,579	22,074	-29,778	6,583	-38,024	38,110	-105,685	31,630	108,336	-75,684	96,150	-63,604	381,974
Tax	-6,501	0	0	-4,194	0	-1,251	0	-7,622	0	-6,642	-24,917	0	-24,999	0	-106,953
Profit After Tax	19,503	-63,235	-69,579	17,880	-29,778	5,332	-38,024	30,488	-105,685	24,988	83,419	-75,684	71,151	-63,604	275,021
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	19,503	-63,235	-69,579	17,880	-29,778	5,332	-38,024	30,488	-105,685	24,988	83,419	-75,684	71,151	-63,604	275,021
Employee Costs	161,876	192,827	184,482	219,299	214,622	245,775	136,119	199,964	195,775	159,228	124,245	125,693	151,924	147,689	0
Number Of Employees	4	5	5	6	6	7	4	6	6	5	4	4	5	5	0
EBITDA*	21,995	-65,114	-65,662	31,189	-20,395	5,265	-25,999	51,374	-91,881	46,739	124,555	-58,019	113,178	-44,309	404,195

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	13,226	14,482	17,090	21,164	24,462	29,101	34,934	41,450	49,147	56,814	60,473	66,896	67,515	79,481	93,600
Intangible Assets	0	0	0	6,000	12,000	18,000	24,000	30,000	36,000	42,000	48,000	54,000	60,000	66,000	72,000
Investments & Other	0	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	0
Total Fixed Assets	13,226	14,482	17,090	27,164	36,462	47,101	58,934	71,450	85,147	98,814	108,473	120,896	127,515	145,481	165,600
Stock & work in progress	14,419	14,558	13,360	30,703	12,916	24,056	16,416	25,969	30,025	27,638	25,159	26,618	25,038	27,366	36,204
Trade Debtors	131,617	75,520	101,424	118,528	100,237	160,753	116,022	182,272	189,586	144,685	115,674	125,428	154,277	141,279	150,310
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	7,038	6,176	6,182	7,047	6,036	5,903	0	0	0	0	0	0	0	0	0
Cash	67,346	85,381	129,359	184,594	181,465	153,512	197,765	195,361	151,391	283,835	270,641	182,743	231,560	143,486	186,251
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	220,420	181,635	250,325	340,872	300,654	344,224	330,203	403,602	371,002	456,158	411,474	334,789	410,875	312,131	372,765
total assets	233,646	196,117	267,415	368,036	337,116	391,325	389,137	475,052	456,149	554,972	519,947	455,685	538,390	457,612	538,365
Bank overdraft	0	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	0
Trade Creditors	16,836	6,711	18,033	5,038	12,435	17,119	59,632	100,788	105,733	92,171	75,289	87,386	87,203	69,811	79,452
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	32,189	24,288	21,029	59,066	32,629	45,992	0	0	0	0	0	0	0	0	0
total current liabilities	49,025	30,999	39,062	64,104	45,064	63,111	59,632	100,788	105,733	92,171	75,289	87,386	87,203	69,811	79,452
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	2,428	2,428	2,428	2,428	2,428	2,812	3,435	4,170	4,810	5,510	6,355	7,415	8,619	10,384	11,892
total long term liabilities	2,428	2,428	2,428	2,428	2,428	2,812	3,435	4,170	4,810	5,510	6,355	7,415	8,619	10,384	11,892
total liabilities	51,453	33,427	41,490	66,532	47,492	65,923	63,067	104,958	110,543	97,681	81,644	94,801	95,822	80,195	91,344
net assets	182,193	162,690	225,925	301,504	289,624	325,402	326,070	370,094	345,606	457,291	438,303	360,884	442,568	377,417	447,021
total shareholders funds	182,193	162,690	225,925	301,504	289,624	325,402	326,070	370,094	345,606	457,291	438,303	360,884	442,568	377,417	447,021

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	21,995	-65,114	-69,736	21,891	-31,034	5,265	-38,515	37,677	-106,773	30,244	107,203	-76,720	95,212	-64,428	381,508
Depreciation	0	0	4,074	3,298	4,639	0	6,516	7,697	8,892	10,495	11,352	12,701	11,966	14,119	16,687
Amortisation	0	0	0	6,000	6,000	0	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000
Tax	-6,501	0	0	-4,194	0	-1,251	0	-7,622	0	-6,642	-24,917	0	-24,999	0	-106,953
Stock	-139	1,198	-17,343	17,787	-11,140	7,640	-9,553	-4,056	2,387	2,479	-1,459	1,580	-2,328	-8,838	36,204
Debtors	56,959	-25,910	-17,969	19,302	-60,383	50,634	-66,250	-7,314	44,901	29,011	-9,754	-28,849	12,998	-9,031	150,310
Creditors	10,125	-11,322	12,995	-7,397	-4,684	-42,513	-41,156	-4,945	13,562	16,882	-12,097	183	17,392	-9,641	79,452
Accruals and Deferred Income	7,901	3,259	-38,037	26,437	-13,363	45,992	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	-384	-623	-735	-640	-700	-845	-1,060	-1,204	-1,765	-1,508	11,892
Cash flow from operations	-23,300	-48,465	-55,392	8,946	32,697	-51,404	7,913	49,537	-126,307	24,644	97,694	-31,771	93,136	-37,589	202,072
Investing Activities
capital expenditure	1,256	2,608	6,000	0	0	11,833	0	0	-1,225	-6,836	-4,929	-12,082	0	0	-188,287
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	1,256	2,608	6,000	0	0	11,833	0	0	-1,225	-6,836	-4,929	-12,082	0	0	-188,287
Financing Activities
Bank loans	0	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	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	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	0
share issue	0	0	-6,000	-6,000	-6,000	-6,000	-6,000	-6,000	-6,000	-6,000	-6,000	-6,000	-6,000	-6,000	172,000
interest	4,009	1,879	157	183	1,256	1,317	491	433	1,088	1,386	1,133	1,036	938	824	466
cash flow from financing	4,009	1,879	-5,843	-5,817	-4,744	-4,683	-5,509	-5,567	-4,912	-4,614	-4,867	-4,964	-5,062	-5,176	172,466
cash and cash equivalents
cash	-18,035	-43,978	-55,235	3,129	27,953	-44,253	2,404	43,970	-132,444	13,194	87,898	-48,817	88,074	-42,765	186,251
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-18,035	-43,978	-55,235	3,129	27,953	-44,253	2,404	43,970	-132,444	13,194	87,898	-48,817	88,074	-42,765	186,251

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WEYMOUTH QUALITY ENGINEERING LIMITED group structure

Weymouth Quality Engineering Limited has no subsidiary companies.

Ultimate parent company

WEYMOUTH QUALITY ENGINEERING LIMITED

04270187

WEYMOUTH QUALITY ENGINEERING LIMITED Shareholders

roger cary	50%
wayne andrew cary	50%

Weymouth Quality Engineering Limited currently has 2 directors. The longest serving directors include Mr Roger Cary (Aug 2001) and Mr Wayne Cary (Apr 2007).

officer	country	age	start	end	role
Mr Roger Cary		78 years	Aug 2001	-	Director
Mr Wayne Cary		51 years	Apr 2007	-	Director

P&L

August 2023

turnover

502.7k

+28%

operating profit

22k

gross margin

29.4%

-2.33%

turnover

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

Balance Sheet

August 2023

net assets

182.2k

+0.12%

total assets

233.6k

+0.19%

cash

67.3k

-0.21%

net assets

Total assets minus all liabilities

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company number

04270187

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

August 2001

ultimate parent company

None

previous names

N/A

address

31 cambridge road, granby industrial estate, weymouth, dorset, DT4 9TJ

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weymouth quality engineering limited Company Information

weymouth quality engineering limited Estimated Valuation

weymouth quality engineering limited Estimated Valuation

weymouth quality engineering limited Estimated Valuation

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WEYMOUTH QUALITY ENGINEERING LIMITED financials

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