qualitops (uk) limited

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qualitops (uk) limited Company Information

Share QUALITOPS (UK) LIMITED

Company Number

07073871

Shareholders

claus bjoern nielsen

oliver bjoern nielsen

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Group Structure

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Industry

Wholesale of meat and meat products

 

Registered Address

22-26 king street, king's lynn, norfolk, PE30 1HJ

qualitops (uk) limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of QUALITOPS (UK) LIMITED at £2.5m based on a Turnover of £8m and 0.31x industry multiple (adjusted for size and gross margin).

qualitops (uk) limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of QUALITOPS (UK) LIMITED at £2m based on an EBITDA of £496.1k and a 4.06x industry multiple (adjusted for size and gross margin).

qualitops (uk) limited Estimated Valuation

£5.1m

Pomanda estimates the enterprise value of QUALITOPS (UK) LIMITED at £5.1m based on Net Assets of £2.2m and 2.32x industry multiple (adjusted for liquidity).

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Qualitops (uk) Limited Overview

Qualitops (uk) Limited is a live company located in norfolk, PE30 1HJ with a Companies House number of 07073871. It operates in the wholesale of meat and meat products sector, SIC Code 46320. Founded in November 2009, it's largest shareholder is claus bjoern nielsen with a 86% stake. Qualitops (uk) Limited is a established, mid sized company, Pomanda has estimated its turnover at £8m with high growth in recent years.

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Qualitops (uk) Limited Health Check

Pomanda's financial health check has awarded Qualitops (Uk) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

4 Strong

positive_score

5 Regular

positive_score

3 Weak

size

Size

annual sales of £8m, make it smaller than the average company (£27.4m)

£8m - Qualitops (uk) Limited

£27.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (11.2%)

19% - Qualitops (uk) Limited

11.2% - Industry AVG

production

Production

with a gross margin of 12.8%, this company has a comparable cost of product (12.8%)

12.8% - Qualitops (uk) Limited

12.8% - Industry AVG

profitability

Profitability

an operating margin of 5.7% make it more profitable than the average company (2.8%)

5.7% - Qualitops (uk) Limited

2.8% - Industry AVG

employees

Employees

with 16 employees, this is below the industry average (35)

16 - Qualitops (uk) Limited

35 - Industry AVG

paystructure

Pay Structure

on an average salary of £40.4k, the company has an equivalent pay structure (£40.4k)

£40.4k - Qualitops (uk) Limited

£40.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £500.4k, this is equally as efficient (£583.2k)

£500.4k - Qualitops (uk) Limited

£583.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 41 days, this is later than average (34 days)

41 days - Qualitops (uk) Limited

34 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 29 days, this is close to average (27 days)

29 days - Qualitops (uk) Limited

27 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 17 days, this is in line with average (16 days)

17 days - Qualitops (uk) Limited

16 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 73 weeks, this is more cash available to meet short term requirements (14 weeks)

73 weeks - Qualitops (uk) Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 34.5%, this is a lower level of debt than the average (51.6%)

34.5% - Qualitops (uk) Limited

51.6% - Industry AVG

QUALITOPS (UK) LIMITED financials

EXPORTms excel logo

Qualitops (Uk) Limited's latest turnover from March 2024 is estimated at £8 million and the company has net assets of £2.2 million. According to their latest financial statements, Qualitops (Uk) Limited has 16 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover8,006,9237,246,1695,404,3324,730,6144,331,8013,848,3323,252,9692,708,7792,412,1382,748,3582,473,6601,601,0961,155,1811,044,619832,249
Other Income Or Grants
Cost Of Sales6,983,6106,272,7424,670,0074,083,9103,765,6773,318,3342,892,5772,406,2812,115,8122,445,8622,212,5561,427,7491,030,665923,546746,976
Gross Profit1,023,313973,426734,325646,704566,124529,998360,392302,498296,326302,496261,104173,347124,516121,07385,273
Admin Expenses565,578405,734433,926204,290391,134367,253221,616271,66897,605152,230217,539153,201115,694128,43720,962
Operating Profit457,735567,692300,399442,414174,990162,745138,77630,830198,721150,26643,56520,1468,822-7,36464,311
Interest Payable8,45614,15310,7189,1088,48210,61211,41812,1129,5224,3543,0884,3194,8074,5502,397
Interest Receivable73,02149,3605,5013242461,8631,01345375132719216948120112
Pre-Tax Profit522,300602,899295,181433,630166,753153,996128,37019,171189,950146,23940,66915,9964,064-11,79462,026
Tax-130,575-114,551-56,084-82,390-31,683-29,259-24,390-3,834-37,990-30,710-9,354-3,839-1,057-17,367
Profit After Tax391,725488,348239,097351,240135,070124,737103,98015,337151,960115,52931,31512,1573,007-11,79444,659
Dividends Paid
Retained Profit391,725488,348239,097351,240135,070124,737103,98015,337151,960115,52931,31512,1573,007-11,79444,659
Employee Costs646,015600,069481,631365,298390,182338,356170,647316,800251,510190,117185,946104,34479,56580,92359,303
Number Of Employees1616141112116119774332
EBITDA*496,101605,150336,773469,125192,972178,338153,31345,802213,146156,03348,66024,35212,885-5,75664,353

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets561,157535,850489,746486,466350,654324,646319,052318,456323,987325,84236,69732,93531,94232,938631
Intangible Assets1111111111717273747
Investments & Other505050
Debtors (Due After 1 year)
Total Fixed Assets561,158535,851489,747486,467350,655324,697319,103318,507323,988325,84336,70432,95231,96932,975678
Stock & work in progress326,477252,010242,164193,982137,663132,651118,98254,51527,94340,47361,19417,53930,02925,746
Trade Debtors900,524812,232561,167651,170596,120478,090386,398343,330340,986332,033278,429202,298156,674151,869118,736
Group Debtors
Misc Debtors54,39570,62914,75148,51140,84636,23123,73316,50715,896
Cash1,509,3241,272,4201,050,383416,435231,221259,885237,035167,990194,632105,83625,10751,53716,1523,06044,826
misc current assets
total current assets2,790,7202,407,2911,868,4651,310,0981,005,850906,857766,148582,342579,457478,342364,730271,374202,855180,675163,562
total assets3,351,8782,943,1422,358,2121,796,5651,356,5051,231,5541,085,251900,849903,445804,185401,434304,326234,824213,650164,240
Bank overdraft10,17122,81422,18520,48611,79517,69818,61218,28417,96817,6607,5007,50030,4047,5007,500
Bank loan
Trade Creditors 568,718563,076510,438275,691300,846288,262290,283224,002178,901310,239260,320183,55791,83877,30545,731
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities482,539375,298322,149231,249182,389191,661151,595119,121163,541
total current liabilities1,061,428961,188854,772527,426495,030497,621460,490361,407360,410327,899267,820191,057122,24284,80553,231
loans13,163104,173126,987147,926118,412130,207147,906166,518184,80272,56336,25043,75051,25058,75066,250
hp & lease commitments
Accruals and Deferred Income
other liabilities130,207
provisions80,82073,03960,05943,91617,00612,73910,60510,65411,30010,5006,0005,0004,5005,300
total long term liabilities93,983177,212187,046191,842135,418142,946158,511177,172196,102213,27042,25048,75055,75064,05066,250
total liabilities1,155,4111,138,4001,041,818719,268630,448640,567619,001538,579556,512541,169310,070239,807177,992148,855119,481
net assets2,196,4671,804,7421,316,3941,077,297726,057590,987466,250362,270346,933263,01691,36464,51956,83264,79544,759
total shareholders funds2,196,4671,804,7421,316,3941,077,297726,057590,987466,250362,270346,933263,01691,36464,51956,83264,79544,759
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit457,735567,692300,399442,414174,990162,745138,77630,830198,721150,26643,56520,1468,822-7,36464,311
Depreciation38,36637,45836,37426,71117,98215,59314,53714,97214,4255,7615,0854,1964,0531,59838
Amortisation6101010104
Tax-130,575-114,551-56,084-82,390-31,683-29,259-24,390-3,834-37,990-30,710-9,354-3,839-1,057-17,367
Stock74,4679,84648,18256,3195,01213,66964,46726,572-12,530-20,72143,655-12,4904,28325,746
Debtors72,058306,943-123,76362,715122,645104,19050,2942,95524,84953,60476,13145,6244,80533,133118,736
Creditors5,64252,638234,747-25,15512,584-2,02166,28145,101-131,33849,91976,76391,71914,53331,57445,731
Accruals and Deferred Income107,24153,14990,90048,860-9,27240,06632,474-44,420163,541
Deferred Taxes & Provisions7,78112,98016,14326,9104,2672,134-49-6468004,5001,000500-8005,300
Cash flow from operations339,665292,577698,060318,31641,21171,399112,86812,476195,840146,859-2,71779,59816,473-27,761-26,019
Investing Activities
capital expenditure-63,673-83,562-39,654-162,523-43,990-21,187-15,133-9,441-12,570-294,906-8,847-5,189-3,057-33,905-720
Change in Investments-5050
cash flow from investments-63,673-83,562-39,654-162,523-43,940-21,187-15,133-9,491-12,570-294,906-8,847-5,189-3,057-33,905-720
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans-91,010-22,814-20,93929,514-11,795-17,699-18,612-18,284112,23936,313-7,500-7,500-7,500-7,50066,250
Hire Purchase and Lease Commitments
other long term liabilities-130,207130,207
share issue-68,04356,123-4,470-4,470-10,97031,830100
interest64,56535,207-5,217-8,784-8,236-8,749-10,405-11,659-8,771-4,027-2,896-4,150-4,759-4,430-2,285
cash flow from financing-26,44512,393-26,15620,730-20,031-26,448-29,017-29,943-94,782218,616-14,866-16,120-23,22919,90064,065
cash and cash equivalents
cash236,904222,037633,948185,214-28,66422,85069,045-26,64288,79680,729-26,43035,38513,092-41,76644,826
overdraft-12,6436291,6998,691-5,903-91432831630810,160-22,90422,9047,500
change in cash249,547221,408632,249176,523-22,76123,76468,717-26,95888,48870,569-26,43058,289-9,812-41,76637,326

qualitops (uk) 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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Qualitops (uk) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for qualitops (uk) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in PE30 area or any other competitors across 12 key performance metrics.

qualitops (uk) limited Ownership

QUALITOPS (UK) LIMITED group structure

Qualitops (Uk) Limited has no subsidiary companies.

Ultimate parent company

QUALITOPS (UK) LIMITED

07073871

QUALITOPS (UK) LIMITED Shareholders

claus bjoern nielsen 86%
oliver bjoern nielsen 7%
susanne nielsen 7%

qualitops (uk) limited directors

Qualitops (Uk) Limited currently has 2 directors. The longest serving directors include Mr Claus Nielsen (Nov 2009) and Mr Oliver Nielsen (Sep 2023).

officercountryagestartendrole
Mr Claus NielsenEngland58 years Nov 2009- Director
Mr Oliver NielsenUnited Kingdom25 years Sep 2023- Director

P&L

March 2024

turnover

8m

+10%

operating profit

457.7k

0%

gross margin

12.8%

-4.86%

turnover

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

Balance Sheet

March 2024

net assets

2.2m

+0.22%

total assets

3.4m

+0.14%

cash

1.5m

+0.19%

net assets

Total assets minus all liabilities

qualitops (uk) limited company details

company number

07073871

Type

Private limited with Share Capital

industry

46320 - Wholesale of meat and meat products

incorporation date

November 2009

age

16

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

-

address

22-26 king street, king's lynn, norfolk, PE30 1HJ

Bank

-

Legal Advisor

-

qualitops (uk) 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 2 charges/mortgages relating to qualitops (uk) limited. Currently there are 2 open charges and 0 have been satisfied in the past.

qualitops (uk) limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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qualitops (uk) limited Companies House Filings - See Documents

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