Qrs Precision Engineering Limited

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qrs precision engineering limited Company Information

Live

MatureMicroLow

Company Number

04975118

Next Accounts

Aug 2025

Industry

Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

Directors

Dale Cavanagh

Gaynor Cavanagh

Shareholders

dale daniel cavanagh

gaynor cavanagh

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Group Structure

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Contact

Registered Address

unit 5c, longhill industrial estate, hartlepool, cleveland, TS25 1UE

Website

www.qrsengineering.co.uk

qrs precision engineering limited Estimated Valuation

£580.3k

Pomanda estimates the enterprise value of QRS PRECISION ENGINEERING LIMITED at £580.3k based on Net Assets of £231.1k and 2.51x industry multiple (adjusted for liquidity).

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Qrs Precision Engineering Limited is a live company located in hartlepool, TS25 1UE with a Companies House number of 04975118. It operates in the other engineering activities sector, SIC Code 71129. Founded in November 2003, it's largest shareholder is dale daniel cavanagh with a 42.9% stake. Qrs Precision Engineering Limited is a mature, micro sized company, Pomanda has estimated its turnover at £339.5k with low growth in recent years.

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Pomanda's financial health check has awarded Qrs Precision Engineering Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

1 Regular

6 Weak

Size

annual sales of £339.5k, make it smaller than the average company (£3.9m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (7.4%)

EXPORT

Qrs Precision Engineering Limited's latest turnover from November 2023 is estimated at £339.5 thousand and the company has net assets of £231.1 thousand. According to their latest financial statements, Qrs Precision Engineering Limited has 4 employees and maintains cash reserves of £192.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	339,530	272,891	281,023	331,747	316,025	323,328	746,513	620,254	255,622	317,532	676,724	246,980	273,251	199,763	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	277,672	221,917	235,540	279,064	258,076	266,771	610,432	499,593	205,414	252,047	536,128	193,137	210,371	150,664	0
Gross Profit	61,858	50,974	45,483	52,682	57,949	56,557	136,081	120,661	50,208	65,485	140,596	53,844	62,879	49,100	0
Admin Expenses	31,562	97,122	110,141	67,060	70,081	-48,324	131,653	99,273	28,968	47,702	11,569	82,869	-23,233	27,996	-65,041
Operating Profit	30,296	-46,148	-64,658	-14,378	-12,132	104,881	4,428	21,388	21,240	17,783	129,027	-29,025	86,112	21,104	65,041
Interest Payable	3,508	1,647	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	8,942	5,074	227	242	1,694	870	0	234	780	589	413	369	301	157	89
Pre-Tax Profit	35,729	-42,721	-64,431	-14,136	-10,438	105,751	4,428	21,623	22,020	18,372	129,440	-28,656	86,414	21,261	65,131
Tax	-8,932	0	0	0	0	-20,093	-841	-4,324	-4,404	-3,858	-29,771	0	-22,468	-5,953	-18,237
Profit After Tax	26,797	-42,721	-64,431	-14,136	-10,438	85,658	3,587	17,298	17,616	14,514	99,669	-28,656	63,946	15,308	46,894
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	26,797	-42,721	-64,431	-14,136	-10,438	85,658	3,587	17,298	17,616	14,514	99,669	-28,656	63,946	15,308	46,894
Employee Costs	219,603	101,399	286,218	270,942	284,657	385,551	226,191	186,217	92,212	92,098	134,889	84,389	85,974	77,317	0
Number Of Employees	4	2	6	6	6	8	5	4	2	2	3	2	2	2	0
EBITDA*	42,065	-30,657	-45,050	7,721	14,973	130,061	4,428	21,388	48,818	40,585	145,717	-11,548	97,912	31,950	73,077

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	44,893	56,662	72,153	83,565	103,874	106,286	72,386	87,474	110,788	102,522	95,245	77,322	63,692	57,095	33,685
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	44,893	56,662	72,153	83,565	103,874	106,286	72,386	87,474	110,788	102,522	95,245	77,322	63,692	57,095	33,685
Stock & work in progress	500	500	200	120	200	145	0	0	400	400	400	0	0	0	0
Trade Debtors	115,560	119,218	91,032	103,850	88,865	95,791	278,136	228,985	59,349	92,829	206,566	70,371	71,113	58,957	31,720
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	16,945	44,146	0	0	0	0	0	0	18,359	0	0
Cash	192,235	148,397	189,870	263,509	219,855	231,947	0	0	187,554	124,584	110,946	54,184	93,541	26,992	35,732
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	308,295	268,115	281,102	367,479	325,865	372,029	278,136	228,985	247,303	217,813	317,912	124,555	183,013	85,949	67,452
total assets	353,188	324,777	353,255	451,044	429,739	478,315	350,522	316,459	358,091	320,335	413,157	201,877	246,705	143,044	101,137
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	80,416	67,999	38,222	60,740	66,959	25,754	75,732	31,461	82,527	76,905	157,672	51,060	94,321	58,685	42,192
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	15,763	16,343	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	0	0	0	0	0	93,344	0	0	0	0	0	0	0	0	0
total current liabilities	80,416	67,999	38,222	60,740	66,959	119,098	75,732	31,461	82,527	76,905	173,435	67,403	94,321	58,685	42,192
loans	25,780	36,593	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	52,127	62,967	17,448	0	13,195	23,916	23,916	16,897	30,035	21,767	13,241	12,267	7,652
provisions	15,877	15,877	15,877	15,877	19,736	23,183	11,219	14,493	22,157	14,658	12,326	15,015	12,795	9,690	4,199
total long term liabilities	41,657	52,470	68,004	78,844	37,184	23,183	24,414	38,409	46,073	31,555	42,361	36,782	26,036	21,957	11,851
total liabilities	122,073	120,469	106,226	139,584	104,143	142,281	100,146	69,870	128,600	108,460	215,796	104,185	120,357	80,642	54,043
net assets	231,115	204,308	247,029	311,460	325,596	336,034	250,376	246,589	229,491	211,875	197,361	97,692	126,348	62,402	47,094
total shareholders funds	231,115	204,308	247,029	311,460	325,596	336,034	250,376	246,589	229,491	211,875	197,361	97,692	126,348	62,402	47,094

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	30,296	-46,148	-64,658	-14,378	-12,132	104,881	4,428	21,388	21,240	17,783	129,027	-29,025	86,112	21,104	65,041
Depreciation	11,769	15,491	19,608	22,099	27,105	25,180	0	0	27,578	22,802	16,690	17,477	11,800	10,846	8,036
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-8,932	0	0	0	0	-20,093	-841	-4,324	-4,404	-3,858	-29,771	0	-22,468	-5,953	-18,237
Stock	0	300	80	-80	55	145	0	-400	0	0	400	0	0	0	0
Debtors	-3,658	28,186	-12,818	-1,960	-34,127	-138,199	49,151	169,636	-33,480	-113,737	136,195	-19,101	30,515	27,237	31,720
Creditors	12,417	29,777	-22,518	-6,219	41,205	-49,978	44,271	-51,066	5,622	-80,767	106,612	-43,261	35,636	16,493	42,192
Accruals and Deferred Income	0	0	0	0	-93,344	93,344	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	-3,859	-3,447	11,964	-3,274	-7,664	7,499	2,332	-2,689	2,220	3,105	5,491	4,199
Cash flow from operations	49,208	-29,366	-54,830	-317	-6,541	303,352	-4,567	-210,902	91,015	72,029	83,274	-33,488	83,670	20,744	69,511
Investing Activities
capital expenditure	0	0	-8,196	-1,790	-24,693	-59,080	15,088	23,314	-35,844	-30,079	-34,613	-31,107	-18,397	-34,256	-41,721
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-8,196	-1,790	-24,693	-59,080	15,088	23,314	-35,844	-30,079	-34,613	-31,107	-18,397	-34,256	-41,721
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	-15,763	-580	16,343	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	-10,813	36,593	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	-52,127	-10,840	45,519	17,448	-13,195	-10,721	0	7,019	-13,138	8,268	8,526	974	4,615	7,652
share issue	10	0	0	0	0	0	200	-200	0	0	0	0	0	0	200
interest	5,434	3,427	227	242	1,694	870	0	234	780	589	413	369	301	157	89
cash flow from financing	-5,369	-12,107	-10,613	45,761	19,142	-12,325	-10,521	34	7,799	-28,312	8,101	25,238	1,275	4,772	7,941
cash and cash equivalents
cash	43,838	-41,473	-73,639	43,654	-12,092	231,947	0	-187,554	62,970	13,638	56,762	-39,357	66,549	-8,740	35,732
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	43,838	-41,473	-73,639	43,654	-12,092	231,947	0	-187,554	62,970	13,638	56,762	-39,357	66,549	-8,740	35,732

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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QRS PRECISION ENGINEERING LIMITED group structure

Qrs Precision Engineering Limited has no subsidiary companies.

Ultimate parent company

QRS PRECISION ENGINEERING LIMITED

04975118

QRS PRECISION ENGINEERING LIMITED Shareholders

dale daniel cavanagh	42.86%
gaynor cavanagh	42.86%
lee daniel cavanagh	4.76%
kelly cavanagh	4.76%
matthew charles grout	4.76%

Qrs Precision Engineering Limited currently has 2 directors. The longest serving directors include Mr Dale Cavanagh (Nov 2003) and Mrs Gaynor Cavanagh (Jun 2013).

officer	country	age	start	end	role
Mr Dale Cavanagh		67 years	Nov 2003	-	Director
Mrs Gaynor Cavanagh		63 years	Jun 2013	-	Director

P&L

November 2023

turnover

339.5k

+24%

operating profit

30.3k

gross margin

18.3%

-2.47%

turnover

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

Balance Sheet

November 2023

net assets

231.1k

+0.13%

total assets

353.2k

+0.09%

cash

192.2k

+0.3%

net assets

Total assets minus all liabilities

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company number

04975118

Type

Private limited with Share Capital

industry

71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

incorporation date

November 2003

ultimate parent company

None

previous names

N/A

address

unit 5c, longhill industrial estate, hartlepool, cleveland, TS25 1UE

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.

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qrs precision engineering limited Company Information

qrs precision engineering limited Estimated Valuation

qrs precision engineering limited Estimated Valuation

qrs precision engineering limited Estimated Valuation

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QRS PRECISION ENGINEERING LIMITED financials

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