qutec (pershore) limited

1.5

qutec (pershore) limited Company Information

Share QUTEC (PERSHORE) LIMITED
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Company Number

04871894

Registered Address

thorneloe house, 25 barbourne road, worcester, worcestershire, WR1 1RU

Industry

Manufacture of cutlery

 

Telephone

441386555088

Next Accounts Due

December 2024

Group Structure

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Directors

Brian Cunningham20 Years

Greg Cunningham9 Years

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Shareholders

brian william cunningham 75%

matt cunningham 10%

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qutec (pershore) limited Estimated Valuation

£718.1k

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

£121.6k

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

£170.9k

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).

Valuation Calculator
This valuation is estimated based on financial data from March 2023 

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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

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

9 Weak

size

Size

annual sales of £2.3m, make it smaller than the average company (£11.9m)

£2.3m - Qutec (pershore) Limited

£11.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (10.6%)

0% - Qutec (pershore) Limited

10.6% - Industry AVG

production

Production

with a gross margin of 19.9%, this company has a higher cost of product (27.8%)

19.9% - Qutec (pershore) Limited

27.8% - Industry AVG

profitability

Profitability

an operating margin of 0.5% make it less profitable than the average company (5%)

0.5% - Qutec (pershore) Limited

5% - Industry AVG

employees

Employees

with 28 employees, this is below the industry average (66)

28 - Qutec (pershore) Limited

66 - Industry AVG

paystructure

Pay Structure

on an average salary of £37.6k, the company has an equivalent pay structure (£37.6k)

£37.6k - Qutec (pershore) Limited

£37.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £81k, this is less efficient (£129.6k)

£81k - Qutec (pershore) Limited

£129.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 92 days, this is later than average (69 days)

92 days - Qutec (pershore) Limited

69 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 141 days, this is slower than average (60 days)

141 days - Qutec (pershore) Limited

60 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 16 days, this is less than average (87 days)

16 days - Qutec (pershore) Limited

87 days - Industry AVG

cashbalance

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

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Qutec (pershore) Limited Competitor Analysis

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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 Shareholders

brian william cunningham 75%
matt cunningham 10%
greg cunningham 10%
tracy cunningham 5%

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).

officercountryagestartendrole
Mr Brian Cunningham80 years Aug 2003- Director
Mr Greg CunninghamUnited Kingdom53 years Nov 2014- Director
Mr Carl BrownEngland49 years Jan 2018- Director

QUTEC (PERSHORE) LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover2,267,0941,445,3312,204,6992,269,4161,791,9981,515,7132,461,6371,967,9452,000,0431,611,2711,843,1021,914,6551,849,1792,329,687
Other Income Or Grants00000000000000
Cost Of Sales1,815,4771,139,4441,662,0311,655,6871,131,559956,0801,494,1881,323,9861,396,8541,100,1451,127,4381,400,7851,509,6431,952,204
Gross Profit451,617305,887542,668613,729660,438559,634967,449643,960603,189511,126715,664513,869339,536377,483
Admin Expenses440,061368,532530,482617,909747,507582,927921,754491,177656,082501,410787,498464,084187,620277,499
Operating Profit11,556-62,64512,186-4,180-87,069-23,29345,695152,783-52,8939,716-71,83449,785151,91699,984
Interest Payable00000002,8012,80100000
Interest Receivable1,75936759445005492382682381958915320999
Pre-Tax Profit13,315-62,27812,246-4,136-86,569-22,74445,934150,250-55,4569,910-71,74549,938152,125100,083
Tax-2,5300-2,327000-9,187-30,0500-2,2790-12,984-42,595-28,023
Profit After Tax10,785-62,2789,919-4,136-86,569-22,74436,747120,200-55,4567,631-71,74536,954109,53072,060
Dividends Paid00000000000000
Retained Profit10,785-62,2789,919-4,136-86,569-22,74436,747120,200-55,4567,631-71,74536,954109,53072,060
Employee Costs1,052,786934,1481,056,3621,138,8691,039,551930,104816,802637,182653,837674,801531,280652,155636,813724,517
Number Of Employees2828303232322821232217242629
EBITDA*44,648-30,44955,13544,071-52,56340,409108,096223,396-9,82633,820-43,72680,041188,761113,411

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets128,497156,344167,988198,586239,988274,149320,745310,436333,540121,223118,559132,917148,215183,623
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets128,497156,344167,988198,586239,988274,149320,745310,436333,540121,223118,559132,917148,215183,623
Stock & work in progress82,01499,609115,96480,304108,27079,59372,508133,74097,10385,70769,99363,38942,07216,005
Trade Debtors575,575316,399617,811684,408710,930819,751897,807549,226581,677463,564536,540554,249577,558586,925
Group Debtors00000000000000
Misc Debtors00000000000000
Cash48,72634,03963,80755,05532,877100,530119,24871,52635,57159,43818,50517,21743,83039,608
misc current assets00000000000000
total current assets706,315450,047797,582819,767852,077999,8741,089,563754,492714,351608,709625,038634,855663,460642,538
total assets834,812606,391965,5701,018,3531,092,0651,274,0231,410,3081,064,9281,047,891729,932743,597767,772811,675826,161
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 702,575470,529779,204811,194825,860871,098914,463568,128635,212552,149549,159474,677550,985754,001
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities00000000000000
total current liabilities702,575470,529779,204811,194825,860871,098914,463568,128635,212552,149549,159474,677550,985754,001
loans0000000086,18300000
hp & lease commitments000000024,383000000
Accruals and Deferred Income00000000000000
other liabilities6,82513,6491,87526,78773,921114,645164,521191,140167,2006,59132,95559,00079,0000
provisions24,41432,00032,00037,80045,60055,00075,30062,00060,21916,65914,58115,44800
total long term liabilities31,23945,64933,87564,587119,521169,645239,821277,523313,60223,25047,53674,44879,0000
total liabilities733,814516,178813,079875,781945,3811,040,7431,154,284845,651948,814575,399596,695549,125629,985754,001
net assets100,99890,213152,491142,572146,684233,280256,024219,27799,077154,533146,902218,647181,69072,160
total shareholders funds100,99890,213152,491142,572146,684233,280256,024219,27799,077154,533146,902218,647181,69072,160
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit11,556-62,64512,186-4,180-87,069-23,29345,695152,783-52,8939,716-71,83449,785151,91699,984
Depreciation33,09232,19642,94948,25134,50663,70262,40170,61343,06724,10428,10830,25636,84513,427
Amortisation00000000000000
Tax-2,5300-2,327000-9,187-30,0500-2,2790-12,984-42,595-28,023
Stock-17,595-16,35535,660-27,96628,6777,085-61,23236,63711,39615,7146,60421,31726,06716,005
Debtors259,176-301,412-66,597-26,522-108,821-78,056348,581-32,451118,113-72,976-17,709-23,309-9,367586,925
Creditors232,046-308,675-31,990-14,666-45,238-43,365346,335-67,08483,0632,99074,482-76,308-203,016754,001
Accruals and Deferred Income00000000000000
Deferred Taxes & Provisions-7,5860-5,800-7,800-9,400-20,30013,3001,78143,5602,078-86715,44800
Cash flow from operations24,997-21,35745,95576,093-27,05747,715171,195123,857-12,71293,87140,9948,189-73,550236,459
Investing Activities
capital expenditure-5,245-20,552-12,351-6,849-345-17,106-72,710-47,509-255,384-26,768-13,750-14,958-1,437-197,050
Change in Investments00000000000000
cash flow from investments-5,245-20,552-12,351-6,849-345-17,106-72,710-47,509-255,384-26,768-13,750-14,958-1,437-197,050
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans0000000-86,18386,18300000
Hire Purchase and Lease Commitments000000-24,38324,383000000
other long term liabilities-6,82411,774-24,912-47,134-40,724-49,876-26,61923,940160,609-26,364-26,045-20,00079,0000
share issue00024-2700000030100
interest1,7593675944500549238-2,533-2,5631958915320999
cash flow from financing-5,06512,141-24,853-47,066-40,251-49,327-50,764-40,393244,229-26,169-25,956-19,84479,209199
cash and cash equivalents
cash14,687-29,7688,75222,178-67,653-18,71847,72235,955-23,86740,9331,288-26,6134,22239,608
overdraft00000000000000
change in cash14,687-29,7688,75222,178-67,653-18,71847,72235,955-23,86740,9331,288-26,6134,22239,608

P&L

March 2023

turnover

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 2023

net 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

None

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.

charges

qutec (pershore) limited Companies House Filings - See Documents

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