Quality Irrigation Wessex Ltd

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quality irrigation wessex ltd Company Information

Live

EstablishedMicroLow

Company Number

06758813

Website

http://qiwessex.co.uk

Registered Address

32 florence way, basingstoke, hampshire, RG24 9SA

Industry

Other manufacturing n.e.c.

Telephone

01256808112

Next Accounts Due

September 2025

Group Structure

View All

Directors

Angela Shelton15 Years

Charles Shelton15 Years

Shareholders

charles shelton 50%

angela shelton 50%

quality irrigation wessex ltd Estimated Valuation

£146.1k

Pomanda estimates the enterprise value of QUALITY IRRIGATION WESSEX LTD at £146.1k based on a Turnover of £295.6k and 0.49x industry multiple (adjusted for size and gross margin).

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Quality Irrigation Wessex Ltd is a live company located in hampshire, RG24 9SA with a Companies House number of 06758813. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in November 2008, it's largest shareholder is charles shelton with a 50% stake. Quality Irrigation Wessex Ltd is a established, micro sized company, Pomanda has estimated its turnover at £295.6k with low growth in recent years.

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Pomanda's financial health check has awarded Quality Irrigation Wessex Ltd a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating0.5out of 5

0 Strong

2 Regular

8 Weak

Size

annual sales of £295.6k, make it smaller than the average company (£14.5m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (5.8%)

EXPORT

Quality Irrigation Wessex Ltd's latest turnover from December 2023 is estimated at £295.6 thousand and the company has net assets of £13.9 thousand. According to their latest financial statements, Quality Irrigation Wessex Ltd has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	295,582	245,015	313,862	282,370	217,186	176,263	49,222	73,268	18,015	112,901	41,428	11,687	12,573	33,250	15,294
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	234,756	196,323	252,537	227,778	173,282	140,020	38,463	56,759	13,989	50,852	14,543	9,150	9,814	7,622	1,067
Gross Profit	60,826	48,692	61,325	54,592	43,904	36,242	10,759	16,509	4,026	62,049	26,885	2,536	2,759	25,628	14,227
Admin Expenses	51,495	68,221	52,971	70,869	26,072	23,494	10,543	11,473	12,048	43,341	28,356	4,808	-880	24,662	13,772
Operating Profit	9,331	-19,529	8,354	-16,277	17,832	12,748	216	5,036	-8,022	18,708	-1,471	-2,272	3,639	966	455
Interest Payable	0	0	0	0	0	0	0	0	73	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	6	12	0	3	9	16	0	0
Pre-Tax Profit	9,331	-19,529	8,354	-16,277	17,832	12,748	216	5,043	-8,083	18,708	-1,468	-2,263	3,655	966	455
Tax	-2,333	0	-1,587	0	-3,388	-2,422	-41	-1,008	0	-3,891	119	0	-950	-204	-85
Profit After Tax	6,998	-19,529	6,767	-16,277	14,444	10,326	175	4,034	-8,083	14,817	-1,349	-2,263	2,705	762	370
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	6,998	-19,529	6,767	-16,277	14,444	10,326	175	4,034	-8,083	14,817	-1,349	-2,263	2,705	762	370
Employee Costs	210,556	200,682	194,682	226,299	184,903	145,434	35,084	34,109	33,457	33,003	31,740	31,647	31,220	30,196	0
Number Of Employees	5	5	5	6	5	4	1	1	1	1	1	1	1	1	0
EBITDA*	9,331	-19,529	8,354	-16,277	17,832	12,748	216	5,036	-7,786	19,455	-878	-1,534	4,138	1,314	529

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	579	3,102	7,007	15,123	23,239	5,863	1,806	0	701	0	747	1,293	1,465	1,036	406
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	579	3,102	7,007	15,123	23,239	5,863	1,806	0	701	0	747	1,293	1,465	1,036	406
Stock & work in progress	0	0	0	0	0	0	0	0	2,839	200	200	200	150	0	0
Trade Debtors	36,604	27,903	65,378	42,104	23,391	23,090	14,604	22,174	4,407	28,624	250	3,409	3,679	0	659
Group Debtors	0	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	2,319	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	4,808	0	3,489	518	3,059	3,526	1,754
misc current assets	0	0	0	0	0	0	775	0	0	0	0	0	0	0	0
total current assets	36,604	27,903	65,378	42,104	23,391	23,090	15,379	22,174	12,054	31,143	3,939	4,127	6,888	3,526	2,413
total assets	37,183	31,005	72,385	57,227	46,630	28,953	17,185	22,174	12,755	31,143	4,686	5,420	8,353	4,562	2,819
Bank overdraft	0	0	0	0	0	0	0	0	0	2,250	500	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	23,286	11,903	26,268	13,447	10,692	7,459	4,906	5,148	5,556	0	0	3,487	4,123	500	923
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	0	0	0	0	0	0	0	0	0	13,751	3,861	0	0	2,612	1,341
total current liabilities	23,286	11,903	26,268	13,447	10,692	7,459	4,906	5,148	5,556	16,001	4,361	3,487	4,123	3,112	2,264
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	466	0	0	0	0	0	0	0	0
other liabilities	0	12,203	19,689	24,119	0	0	645	6,033	140	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	259	293	218	85
total long term liabilities	0	12,203	19,689	24,119	0	0	1,111	6,033	140	0	0	259	293	218	85
total liabilities	23,286	24,106	45,957	37,566	10,692	7,459	6,017	11,181	5,696	16,001	4,361	3,746	4,416	3,330	2,349
net assets	13,897	6,899	26,428	19,661	35,938	21,494	11,168	10,993	7,059	15,142	325	1,674	3,937	1,232	470
total shareholders funds	13,897	6,899	26,428	19,661	35,938	21,494	11,168	10,993	7,059	15,142	325	1,674	3,937	1,232	470

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	9,331	-19,529	8,354	-16,277	17,832	12,748	216	5,036	-8,022	18,708	-1,471	-2,272	3,639	966	455
Depreciation	0	0	0	0	0	0	0	0	236	747	593	738	499	348	74
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,333	0	-1,587	0	-3,388	-2,422	-41	-1,008	0	-3,891	119	0	-950	-204	-85
Stock	0	0	0	0	0	0	0	-2,839	2,639	0	0	50	150	0	0
Debtors	8,701	-37,475	23,274	18,713	301	8,486	-7,570	17,767	-26,536	30,693	-3,159	-270	3,679	-659	659
Creditors	11,383	-14,365	12,821	2,755	3,233	2,553	-242	-408	5,556	0	-3,487	-636	3,623	-423	923
Accruals and Deferred Income	0	0	0	0	0	-466	466	0	-13,751	9,890	3,861	0	-2,612	1,271	1,341
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	-259	-34	75	133	85
Cash flow from operations	9,680	3,581	-3,686	-32,235	17,376	3,927	7,969	-11,308	7,916	-5,239	2,515	-1,984	445	2,750	2,134
Investing Activities
capital expenditure	2,523	3,905	8,116	8,116	-17,376	-4,057	-1,806	701	-937	0	-47	-566	-928	-978	-480
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	2,523	3,905	8,116	8,116	-17,376	-4,057	-1,806	701	-937	0	-47	-566	-928	-978	-480
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	-12,203	-7,486	-4,430	24,119	0	-645	-5,388	5,893	140	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	-100	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	0	6	-61	0	3	9	16	0	0
cash flow from financing	-12,203	-7,486	-4,430	24,119	0	-645	-5,388	5,799	79	0	3	9	16	0	100
cash and cash equivalents
cash	0	0	0	0	0	0	0	-4,808	4,808	-3,489	2,971	-2,541	-467	1,772	1,754
overdraft	0	0	0	0	0	0	0	0	-2,250	1,750	500	0	0	0	0
change in cash	0	0	0	0	0	0	0	-4,808	7,058	-5,239	2,471	-2,541	-467	1,772	1,754

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for quality irrigation wessex ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in RG24 area or any other competitors across 12 key performance metrics.

QUALITY IRRIGATION WESSEX LTD group structure

Quality Irrigation Wessex Ltd has no subsidiary companies.

Ultimate parent company

QUALITY IRRIGATION WESSEX LTD

06758813

QUALITY IRRIGATION WESSEX LTD Shareholders

charles shelton	50%
angela shelton	50%

Quality Irrigation Wessex Ltd currently has 2 directors. The longest serving directors include Mrs Angela Shelton (Nov 2008) and Mr Charles Shelton (Nov 2008).

officer	country	age	start	end	role
Mrs Angela Shelton	United Kingdom	70 years	Nov 2008	-	Director
Mr Charles Shelton	United Kingdom	72 years	Nov 2008	-	Director

P&L

December 2023

turnover

295.6k

+21%

operating profit

9.3k

gross margin

20.6%

+3.55%

turnover

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

Balance Sheet

December 2023

net assets

13.9k

+1.01%

total assets

37.2k

+0.2%

cash

net assets

Total assets minus all liabilities

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company number

06758813

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

November 2008

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

December 2023

address

32 florence way, basingstoke, hampshire, RG24 9SA

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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quality irrigation wessex ltd Company Information

quality irrigation wessex ltd Estimated Valuation

quality irrigation wessex ltd Estimated Valuation

quality irrigation wessex ltd Estimated Valuation

Quality Irrigation Wessex Ltd Overview

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QUALITY IRRIGATION WESSEX LTD financials

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