qutec (pershore) limited Company Information
Company Number
04871894
Website
www.qutecpershoreltd.co.ukRegistered Address
thorneloe house, 25 barbourne road, worcester, worcestershire, WR1 1RU
Industry
Manufacture of cutlery
Telephone
441386555088
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
brian william cunningham 75%
matt cunningham 10%
View Allqutec (pershore) limited Estimated Valuation
Pomanda estimates the enterprise value of QUTEC (PERSHORE) LIMITED at £718.1k based on a Turnover of £2.3m and 0.32x industry multiple (adjusted for size and gross margin).
qutec (pershore) limited Estimated Valuation
Pomanda estimates the enterprise value of QUTEC (PERSHORE) LIMITED at £121.6k based on an EBITDA of £44.6k and a 2.72x industry multiple (adjusted for size and gross margin).
qutec (pershore) limited Estimated Valuation
Pomanda estimates the enterprise value of QUTEC (PERSHORE) LIMITED at £170.9k based on Net Assets of £101k and 1.69x industry multiple (adjusted for liquidity).
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Qutec (pershore) Limited Overview
Qutec (pershore) Limited is a live company located in worcester, WR1 1RU with a Companies House number of 04871894. It operates in the manufacture of cutlery sector, SIC Code 25710. Founded in August 2003, it's largest shareholder is brian william cunningham with a 75% stake. Qutec (pershore) Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.3m with declining growth in recent years.
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Qutec (pershore) Limited Health Check
Pomanda's financial health check has awarded Qutec (Pershore) Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 9 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
9 Weak
Size
annual sales of £2.3m, make it smaller than the average company (£11.9m)
- Qutec (pershore) Limited
£11.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (10.6%)
- Qutec (pershore) Limited
10.6% - Industry AVG
Production
with a gross margin of 19.9%, this company has a higher cost of product (27.8%)
- Qutec (pershore) Limited
27.8% - Industry AVG
Profitability
an operating margin of 0.5% make it less profitable than the average company (5%)
- Qutec (pershore) Limited
5% - Industry AVG
Employees
with 28 employees, this is below the industry average (66)
28 - Qutec (pershore) Limited
66 - Industry AVG
Pay Structure
on an average salary of £37.6k, the company has an equivalent pay structure (£37.6k)
- Qutec (pershore) Limited
£37.6k - Industry AVG
Efficiency
resulting in sales per employee of £81k, this is less efficient (£129.6k)
- Qutec (pershore) Limited
£129.6k - Industry AVG
Debtor Days
it gets paid by customers after 92 days, this is later than average (69 days)
- Qutec (pershore) Limited
69 days - Industry AVG
Creditor Days
its suppliers are paid after 141 days, this is slower than average (60 days)
- Qutec (pershore) Limited
60 days - Industry AVG
Stock Days
it holds stock equivalent to 16 days, this is less than average (87 days)
- Qutec (pershore) Limited
87 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (57 weeks)
3 weeks - Qutec (pershore) Limited
57 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87.9%, this is a higher level of debt than the average (49.5%)
87.9% - Qutec (pershore) Limited
49.5% - Industry AVG
qutec (pershore) limited Credit Report and Business Information
Qutec (pershore) Limited Competitor Analysis
Perform a competitor analysis for qutec (pershore) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
qutec (pershore) limited Ownership
QUTEC (PERSHORE) LIMITED group structure
Qutec (Pershore) Limited has no subsidiary companies.
Ultimate parent company
QUTEC (PERSHORE) LIMITED
04871894
qutec (pershore) limited directors
Qutec (Pershore) Limited currently has 3 directors. The longest serving directors include Mr Brian Cunningham (Aug 2003) and Mr Greg Cunningham (Nov 2014).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Brian Cunningham | 80 years | Aug 2003 | - | Director | |
Mr Greg Cunningham | United Kingdom | 53 years | Nov 2014 | - | Director |
Mr Carl Brown | England | 49 years | Jan 2018 | - | Director |
QUTEC (PERSHORE) LIMITED financials
Qutec (Pershore) Limited's latest turnover from March 2023 is estimated at £2.3 million and the company has net assets of £101 thousand. According to their latest financial statements, Qutec (Pershore) Limited has 28 employees and maintains cash reserves of £48.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 28 | 28 | 30 | 32 | 32 | 32 | 28 | |||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 128,497 | 156,344 | 167,988 | 198,586 | 239,988 | 274,149 | 320,745 | 310,436 | 333,540 | 121,223 | 118,559 | 132,917 | 148,215 | 183,623 |
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 | 128,497 | 156,344 | 167,988 | 198,586 | 239,988 | 274,149 | 320,745 | 310,436 | 333,540 | 121,223 | 118,559 | 132,917 | 148,215 | 183,623 |
Stock & work in progress | 82,014 | 99,609 | 115,964 | 80,304 | 108,270 | 79,593 | 72,508 | 133,740 | 97,103 | 85,707 | 69,993 | 63,389 | 42,072 | 16,005 |
Trade Debtors | 575,575 | 316,399 | 617,811 | 684,408 | 710,930 | 819,751 | 897,807 | 549,226 | 581,677 | 463,564 | 536,540 | 554,249 | 577,558 | 586,925 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 48,726 | 34,039 | 63,807 | 55,055 | 32,877 | 100,530 | 119,248 | 71,526 | 35,571 | 59,438 | 18,505 | 17,217 | 43,830 | 39,608 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 706,315 | 450,047 | 797,582 | 819,767 | 852,077 | 999,874 | 1,089,563 | 754,492 | 714,351 | 608,709 | 625,038 | 634,855 | 663,460 | 642,538 |
total assets | 834,812 | 606,391 | 965,570 | 1,018,353 | 1,092,065 | 1,274,023 | 1,410,308 | 1,064,928 | 1,047,891 | 729,932 | 743,597 | 767,772 | 811,675 | 826,161 |
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 | 702,575 | 470,529 | 779,204 | 811,194 | 825,860 | 871,098 | 914,463 | 568,128 | 635,212 | 552,149 | 549,159 | 474,677 | 550,985 | 754,001 |
Group/Directors Accounts | 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 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 702,575 | 470,529 | 779,204 | 811,194 | 825,860 | 871,098 | 914,463 | 568,128 | 635,212 | 552,149 | 549,159 | 474,677 | 550,985 | 754,001 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 86,183 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24,383 | 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 | 6,825 | 13,649 | 1,875 | 26,787 | 73,921 | 114,645 | 164,521 | 191,140 | 167,200 | 6,591 | 32,955 | 59,000 | 79,000 | 0 |
provisions | 24,414 | 32,000 | 32,000 | 37,800 | 45,600 | 55,000 | 75,300 | 62,000 | 60,219 | 16,659 | 14,581 | 15,448 | 0 | 0 |
total long term liabilities | 31,239 | 45,649 | 33,875 | 64,587 | 119,521 | 169,645 | 239,821 | 277,523 | 313,602 | 23,250 | 47,536 | 74,448 | 79,000 | 0 |
total liabilities | 733,814 | 516,178 | 813,079 | 875,781 | 945,381 | 1,040,743 | 1,154,284 | 845,651 | 948,814 | 575,399 | 596,695 | 549,125 | 629,985 | 754,001 |
net assets | 100,998 | 90,213 | 152,491 | 142,572 | 146,684 | 233,280 | 256,024 | 219,277 | 99,077 | 154,533 | 146,902 | 218,647 | 181,690 | 72,160 |
total shareholders funds | 100,998 | 90,213 | 152,491 | 142,572 | 146,684 | 233,280 | 256,024 | 219,277 | 99,077 | 154,533 | 146,902 | 218,647 | 181,690 | 72,160 |
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 33,092 | 32,196 | 42,949 | 48,251 | 34,506 | 63,702 | 62,401 | 70,613 | 43,067 | 24,104 | 28,108 | 30,256 | 36,845 | 13,427 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | ||||||||||||||
Stock | -17,595 | -16,355 | 35,660 | -27,966 | 28,677 | 7,085 | -61,232 | 36,637 | 11,396 | 15,714 | 6,604 | 21,317 | 26,067 | 16,005 |
Debtors | 259,176 | -301,412 | -66,597 | -26,522 | -108,821 | -78,056 | 348,581 | -32,451 | 118,113 | -72,976 | -17,709 | -23,309 | -9,367 | 586,925 |
Creditors | 232,046 | -308,675 | -31,990 | -14,666 | -45,238 | -43,365 | 346,335 | -67,084 | 83,063 | 2,990 | 74,482 | -76,308 | -203,016 | 754,001 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | -7,586 | 0 | -5,800 | -7,800 | -9,400 | -20,300 | 13,300 | 1,781 | 43,560 | 2,078 | -867 | 15,448 | 0 | 0 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
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 | 0 | 0 | 0 |
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 | -86,183 | 86,183 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | -24,383 | 24,383 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | -6,824 | 11,774 | -24,912 | -47,134 | -40,724 | -49,876 | -26,619 | 23,940 | 160,609 | -26,364 | -26,045 | -20,000 | 79,000 | 0 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | 14,687 | -29,768 | 8,752 | 22,178 | -67,653 | -18,718 | 47,722 | 35,955 | -23,867 | 40,933 | 1,288 | -26,613 | 4,222 | 39,608 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 14,687 | -29,768 | 8,752 | 22,178 | -67,653 | -18,718 | 47,722 | 35,955 | -23,867 | 40,933 | 1,288 | -26,613 | 4,222 | 39,608 |
P&L
March 2023turnover
2.3m
+57%
operating profit
11.6k
0%
gross margin
20%
-5.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
101k
+0.12%
total assets
834.8k
+0.38%
cash
48.7k
+0.43%
net assets
Total assets minus all liabilities
qutec (pershore) limited company details
company number
04871894
Type
Private limited with Share Capital
industry
25710 - Manufacture of cutlery
incorporation date
August 2003
age
21
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
thorneloe house, 25 barbourne road, worcester, worcestershire, WR1 1RU
last accounts submitted
March 2023
qutec (pershore) 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 4 charges/mortgages relating to qutec (pershore) limited. Currently there are 4 open charges and 0 have been satisfied in the past.
qutec (pershore) limited Companies House Filings - See Documents
date | description | view/download |
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