Q9 Cladding Solutions Ltd

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SOLUTIONS

q9 cladding solutions ltd Company Information

Live

EstablishedMidHealthy

Company Number

07884300

Next Accounts

Dec 2024

Industry

Construction of commercial buildings

Directors

Glen Race

Kathryn Race

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Shareholders

glen race

kathryn race

Group Structure

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Contact

Registered Address

the stables, arlaw banks, winston, darlington, co durham, DL2 3PX

Website

q9claddingsolutions.com

q9 cladding solutions ltd Estimated Valuation

£8.3m

Pomanda estimates the enterprise value of Q9 CLADDING SOLUTIONS LTD at £8.3m based on a Turnover of £14.7m and 0.57x industry multiple (adjusted for size and gross margin).

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Q9 Cladding Solutions Ltd is a live company located in darlington, DL2 3PX with a Companies House number of 07884300. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in December 2011, it's largest shareholder is glen race with a 60% stake. Q9 Cladding Solutions Ltd is a established, mid sized company, Pomanda has estimated its turnover at £14.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Q9 Cladding Solutions Ltd a 4.5 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 Rating4.5out of 5

4 Strong

4 Regular

3 Weak

Size

annual sales of £14.7m, make it larger than the average company (£10.7m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (4.4%)

EXPORT

Q9 Cladding Solutions Ltd's latest turnover from March 2023 is estimated at £14.7 million and the company has net assets of £1 million. According to their latest financial statements, Q9 Cladding Solutions Ltd has 20 employees and maintains cash reserves of £287.6 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
Turnover	14,680,402	10,555,508	8,963,346	10,557,446	5,818,887	5,374,846	6,549,575	1,466,896	6,335,819	5,713,886	2,513,165
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	12,567,320	9,059,937	7,748,807	9,019,419	4,961,493	4,576,202	5,547,302	1,252,335	5,417,489	4,898,053	2,161,522
Gross Profit	2,113,082	1,495,571	1,214,539	1,538,027	857,393	798,643	1,002,274	214,561	918,330	815,834	351,644
Admin Expenses	1,626,661	1,365,465	1,116,806	1,497,348	755,553	734,063	873,184	196,258	863,615	716,831	290,544
Operating Profit	486,421	130,106	97,733	40,679	101,840	64,580	129,090	18,303	54,715	99,003	61,100
Interest Payable	18,944	16,779	14,741	7,569	0	0	0	0	0	0	0
Interest Receivable	21,049	3,415	125	125	1,081	796	685	1,403	962	802	466
Pre-Tax Profit	488,526	116,742	83,117	33,235	102,921	65,375	129,775	19,706	55,677	99,805	61,566
Tax	-92,820	-22,181	-15,792	-6,315	-19,555	-12,421	-25,955	-3,941	-11,692	-22,955	-14,776
Profit After Tax	395,706	94,561	67,325	26,920	83,366	52,954	103,820	15,765	43,985	76,850	46,790
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	395,706	94,561	67,325	26,920	83,366	52,954	103,820	15,765	43,985	76,850	46,790
Employee Costs	1,031,757	798,894	716,581	679,346	572,095	649,194	584,405	340,212	817,812	789,190	386,032
Number Of Employees	20	16	15	14	12	14	13	8	20	20	10
EBITDA*	503,648	146,416	110,641	50,767	115,167	78,630	139,693	23,477	56,999	100,094	61,822

* 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
Tangible Assets	82,057	51,378	54,591	24,247	35,922	45,866	32,520	38,602	10,426	5,896	2,887
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	82,057	51,378	54,591	24,247	35,922	45,866	32,520	38,602	10,426	5,896	2,887
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	2,499,302	1,682,086	1,527,723	1,992,729	971,227	937,366	1,145,718	142,541	828,880	785,753	252,978
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	802,622	459,902	379,782	1,709	84,225	766	865	128,842	0	0	0
Cash	287,646	702,903	207,883	42,990	206,802	81,450	236,867	311,002	250,143	134,566	186,407
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,589,570	2,844,891	2,115,388	2,037,428	1,262,254	1,019,582	1,383,450	582,385	1,079,023	920,319	439,385
total assets	3,671,627	2,896,269	2,169,979	2,061,675	1,298,176	1,065,448	1,415,970	620,987	1,089,449	926,215	442,272
Bank overdraft	0	0	82,639	75,162	0	0	0	0	0	0	0
Bank loan	80,986	148,468	0	0	0	0	0	0	0	0	0
Trade Creditors	1,909,509	1,618,236	945,340	1,054,246	685,315	516,352	768,529	134,510	918,739	800,396	393,905
Group/Directors Accounts	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
hp & lease commitments	10,973	5,402	5,402	0	490	7,572	5,888	5,888	0	0	0
other current liabilities	590,588	372,196	434,219	303,192	181,016	180,972	340,461	276,704	0	0	0
total current liabilities	2,592,056	2,144,302	1,467,600	1,432,600	866,821	704,896	1,114,878	417,102	918,739	800,396	393,905
loans	26,635	113,546	152,506	173,018	0	0	0	0	0	0	0
hp & lease commitments	23,380	15,324	20,726	0	0	10,673	6,378	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	11,775	0	0	0
provisions	20,514	9,761	10,372	4,607	6,825	8,715	6,504	7,720	2,085	1,179	577
total long term liabilities	70,529	138,631	183,604	177,625	6,825	19,388	12,882	19,495	2,085	1,179	577
total liabilities	2,662,585	2,282,933	1,651,204	1,610,225	873,646	724,284	1,127,760	436,597	920,824	801,575	394,482
net assets	1,009,042	613,336	518,775	451,450	424,530	341,164	288,210	184,390	168,625	124,640	47,790
total shareholders funds	1,009,042	613,336	518,775	451,450	424,530	341,164	288,210	184,390	168,625	124,640	47,790

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Operating Activities
Operating Profit	486,421	130,106	97,733	40,679	101,840	64,580	129,090	18,303	54,715	99,003	61,100
Depreciation	17,227	16,310	12,908	10,088	13,327	14,050	10,603	5,174	2,284	1,091	722
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	-92,820	-22,181	-15,792	-6,315	-19,555	-12,421	-25,955	-3,941	-11,692	-22,955	-14,776
Stock	0	0	0	0	0	0	0	0	0	0	0
Debtors	1,159,936	234,483	-86,933	938,986	117,320	-208,451	875,200	-557,497	43,127	532,775	252,978
Creditors	291,273	672,896	-108,906	368,931	168,963	-252,177	634,019	-784,229	118,343	406,491	393,905
Accruals and Deferred Income	218,392	-62,023	131,027	122,176	44	-159,489	63,757	276,704	0	0	0
Deferred Taxes & Provisions	10,753	-611	5,765	-2,218	-1,890	2,211	-1,216	5,635	906	602	577
Cash flow from operations	-228,690	500,014	209,668	-405,645	145,409	-134,795	-64,902	75,143	121,429	-48,543	188,550
Investing Activities
capital expenditure	-47,906	-13,097	-43,252	1,587	-3,383	-27,396	-4,521	-33,350	-6,814	-4,100	-3,609
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-47,906	-13,097	-43,252	1,587	-3,383	-27,396	-4,521	-33,350	-6,814	-4,100	-3,609
Financing Activities
Bank loans	-67,482	148,468	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	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
Long term loans	-86,911	-38,960	-20,512	173,018	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	13,627	-5,402	26,128	-490	-17,755	5,979	6,378	5,888	0	0	0
other long term liabilities	0	0	0	0	0	0	-11,775	11,775	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	1,000
interest	2,105	-13,364	-14,616	-7,444	1,081	796	685	1,403	962	802	466
cash flow from financing	-138,661	90,742	-9,000	165,084	-16,674	6,775	-4,712	19,066	962	802	1,466
cash and cash equivalents
cash	-415,257	495,020	164,893	-163,812	125,352	-155,417	-74,135	60,859	115,577	-51,841	186,407
overdraft	0	-82,639	7,477	75,162	0	0	0	0	0	0	0
change in cash	-415,257	577,659	157,416	-238,974	125,352	-155,417	-74,135	60,859	115,577	-51,841	186,407

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 q9 cladding solutions ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in DL2 area or any other competitors across 12 key performance metrics.

Q9 CLADDING SOLUTIONS LTD group structure

Q9 Cladding Solutions Ltd has no subsidiary companies.

Ultimate parent company

Q9 CLADDING SOLUTIONS LTD

07884300

Q9 CLADDING SOLUTIONS LTD Shareholders

glen race	60%
kathryn race	40%

Q9 Cladding Solutions Ltd currently has 5 directors. The longest serving directors include Mr Glen Race (Dec 2011) and Mrs Kathryn Race (Jul 2020).

officer	country	age	start	end	role
Mr Glen Race	England	67 years	Dec 2011	-	Director
Mrs Kathryn Race	England	66 years	Jul 2020	-	Director
Mr Mark Crinion	England	43 years	Jun 2021	-	Director
Mr Kenneth Smith	England	59 years	Jun 2021	-	Director
Mr Brian Bentley	England	44 years	Dec 2023	-	Director

P&L

March 2023

turnover

14.7m

+39%

operating profit

486.4k

gross margin

14.4%

+1.59%

turnover

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

Balance Sheet

March 2023

net assets

+0.65%

total assets

3.7m

+0.27%

cash

287.6k

-0.59%

net assets

Total assets minus all liabilities

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company number

07884300

Type

Private limited with Share Capital

industry

41201 - Construction of commercial buildings

incorporation date

December 2011

ultimate parent company

None

previous names

N/A

address

the stables, arlaw banks, winston, darlington, co durham, DL2 3PX

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 1 charges/mortgages relating to q9 cladding solutions ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

q9 cladding solutions ltd Company Information

q9 cladding solutions ltd Estimated Valuation

q9 cladding solutions ltd Estimated Valuation

q9 cladding solutions ltd Estimated Valuation

Q9 Cladding Solutions Ltd Overview

Q9 Cladding Solutions Ltd Health Check

Q9 CLADDING SOLUTIONS LTD financials

q9 cladding solutions ltd Credit Report and Business Information

Q9 Cladding Solutions Ltd Competitor Analysis

q9 cladding solutions ltd Ownership

q9 cladding solutions ltd directors

q9 cladding solutions ltd company details

q9 cladding solutions ltd Charges & Mortgages

q9 cladding solutions ltd Companies House Filings - See Documents