qictrims limited
qictrims limited Company Information
Company Number
08396364
Website
http://qic-trims.comRegistered Address
qictrims radclive road, gawcott, buckingham, buckinghamshire, MK18 4BL
Industry
Manufacture of metal structures and parts of structures
Telephone
01280818950
Next Accounts Due
November 2024
Group Structure
View All
Shareholders
silvanito holdings limited 100%
qictrims limited Estimated Valuation
Pomanda estimates the enterprise value of QICTRIMS LIMITED at £3.6m based on a Turnover of £6.3m and 0.58x industry multiple (adjusted for size and gross margin).
qictrims limited Estimated Valuation
Pomanda estimates the enterprise value of QICTRIMS LIMITED at £3.5m based on an EBITDA of £773.9k and a 4.54x industry multiple (adjusted for size and gross margin).
qictrims limited Estimated Valuation
Pomanda estimates the enterprise value of QICTRIMS LIMITED at £4.6m based on Net Assets of £2.4m and 1.92x industry multiple (adjusted for liquidity).
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Qictrims Limited Overview
Qictrims Limited is a live company located in buckingham, MK18 4BL with a Companies House number of 08396364. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in February 2013, it's largest shareholder is silvanito holdings limited with a 100% stake. Qictrims Limited is a established, mid sized company, Pomanda has estimated its turnover at £6.3m with healthy growth in recent years.
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Qictrims Limited Health Check
Pomanda's financial health check has awarded Qictrims Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
6 Weak
Size
annual sales of £6.3m, make it smaller than the average company (£12.8m)
- Qictrims Limited
£12.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (6.6%)
- Qictrims Limited
6.6% - Industry AVG
Production
with a gross margin of 24%, this company has a comparable cost of product (24%)
- Qictrims Limited
24% - Industry AVG
Profitability
an operating margin of 10.6% make it more profitable than the average company (6%)
- Qictrims Limited
6% - Industry AVG
Employees
with 39 employees, this is below the industry average (76)
39 - Qictrims Limited
76 - Industry AVG
Pay Structure
on an average salary of £40.4k, the company has an equivalent pay structure (£40.4k)
- Qictrims Limited
£40.4k - Industry AVG
Efficiency
resulting in sales per employee of £161.4k, this is equally as efficient (£159.4k)
- Qictrims Limited
£159.4k - Industry AVG
Debtor Days
it gets paid by customers after 84 days, this is later than average (66 days)
- Qictrims Limited
66 days - Industry AVG
Creditor Days
its suppliers are paid after 69 days, this is slower than average (55 days)
- Qictrims Limited
55 days - Industry AVG
Stock Days
it holds stock equivalent to 64 days, this is more than average (42 days)
- Qictrims Limited
42 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (13 weeks)
2 weeks - Qictrims Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 48.6%, this is a lower level of debt than the average (57.7%)
48.6% - Qictrims Limited
57.7% - Industry AVG
qictrims limited Credit Report and Business Information
Qictrims Limited Competitor Analysis
Perform a competitor analysis for qictrims limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
qictrims limited Ownership
QICTRIMS LIMITED group structure
Qictrims Limited has no subsidiary companies.
qictrims limited directors
Qictrims Limited currently has 4 directors. The longest serving directors include Mr Jonathan Irwin (Feb 2013) and Mr Matthew Woollam (Sep 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Irwin | England | 59 years | Feb 2013 | - | Director |
| Mr Matthew Woollam | England | 49 years | Sep 2015 | - | Director |
| Mr Neil Miller | United Kingdom | 53 years | Jul 2019 | - | Director |
| Mr Stephen Mountain | 67 years | Mar 2021 | - | Director |
QICTRIMS LIMITED financials
Qictrims Limited's latest turnover from February 2023 is estimated at £6.3 million and the company has net assets of £2.4 million. According to their latest financial statements, Qictrims Limited has 39 employees and maintains cash reserves of £111 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,808,048 | 3,632,891 | 2,823,766 | 2,191,147 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 2,505,749 | 1,869,839 | 1,531,151 | 1,204,323 | ||||||
| Gross Profit | 2,302,299 | 1,763,052 | 1,292,615 | 986,824 | ||||||
| Admin Expenses | 1,612,042 | 1,425,483 | 1,097,177 | 806,124 | ||||||
| Operating Profit | 690,257 | 337,569 | 195,438 | 180,700 | ||||||
| Interest Payable | 19,172 | 24,801 | 16,722 | 12,890 | ||||||
| Interest Receivable | 0 | 0 | 0 | 0 | ||||||
| Pre-Tax Profit | 671,085 | 312,768 | 178,716 | 167,810 | ||||||
| Tax | -101,975 | -29,613 | -20,850 | -24,993 | ||||||
| Profit After Tax | 569,110 | 283,155 | 157,866 | 142,817 | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | ||||||
| Retained Profit | 569,110 | 283,155 | 157,866 | 142,817 | ||||||
| Employee Costs | ||||||||||
| Number Of Employees | 39 | 32 | 31 | 34 | 28 | 21 | 21 | |||
| EBITDA* | 752,261 | 362,069 | 226,938 | 216,700 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 664,054 | 590,435 | 671,799 | 712,659 | 448,157 | 374,555 | 268,599 | 208,497 | 179,131 | 187,953 |
| Intangible Assets | 40,036 | 33,131 | 33,131 | 33,131 | 33,131 | 22,130 | 13,630 | 13,630 | 11,478 | 10,041 |
| Investments & Other | 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 |
| Total Fixed Assets | 704,090 | 623,566 | 704,930 | 745,790 | 481,288 | 396,685 | 282,229 | 222,127 | 190,609 | 197,994 |
| Stock & work in progress | 850,916 | 723,746 | 669,759 | 727,705 | 577,931 | 432,862 | 357,708 | 266,280 | 195,146 | 172,024 |
| Trade Debtors | 1,461,768 | 1,276,365 | 887,360 | 1,170,964 | 917,734 | 843,967 | 514,367 | 408,159 | 475,930 | 283,122 |
| Group Debtors | 1,304,244 | 844,105 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 253,418 | 166,272 | 658,630 | 638,195 | 205,282 | 66,732 | 122,376 | 116,394 | 0 | 0 |
| Cash | 111,027 | 18,865 | 417,834 | 8,025 | 30,968 | 23,937 | 24,643 | 29,976 | 500 | 3,091 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,981,373 | 3,029,353 | 2,633,583 | 2,544,889 | 1,731,915 | 1,367,498 | 1,019,094 | 820,809 | 671,576 | 458,237 |
| total assets | 4,685,463 | 3,652,919 | 3,338,513 | 3,290,679 | 2,213,203 | 1,764,183 | 1,301,323 | 1,042,936 | 862,185 | 656,231 |
| Bank overdraft | 157,528 | 212,618 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 912,882 | 589,062 | 440,566 | 1,012,467 | 539,651 | 496,086 | 394,803 | 253,156 | 750,216 | 583,615 |
| Group/Directors Accounts | 95,412 | 0 | 0 | 0 | 119,387 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 784,526 | 601,075 | 1,235,054 | 860,291 | 730,812 | 805,873 | 620,951 | 563,399 | 0 | 0 |
| total current liabilities | 1,950,348 | 1,402,755 | 1,675,620 | 1,872,758 | 1,389,850 | 1,301,959 | 1,015,754 | 816,555 | 750,216 | 583,615 |
| loans | 158,478 | 216,179 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 166,899 | 137,260 | 118,108 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 325,377 | 353,439 | 118,108 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,275,725 | 1,756,194 | 1,793,728 | 1,872,758 | 1,389,850 | 1,301,959 | 1,015,754 | 816,555 | 750,216 | 583,615 |
| net assets | 2,409,738 | 1,896,725 | 1,544,785 | 1,417,921 | 823,353 | 462,224 | 285,569 | 226,381 | 111,969 | 72,616 |
| total shareholders funds | 2,409,738 | 1,896,725 | 1,544,785 | 1,417,921 | 823,353 | 462,224 | 285,569 | 226,381 | 111,969 | 72,616 |
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 690,257 | 337,569 | 195,438 | 180,700 | ||||||
| Depreciation | 105,897 | 102,258 | 74,895 | 58,000 | 62,004 | 24,500 | 31,500 | 36,000 | 19,553 | 18,191 |
| Amortisation | 58 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -101,975 | -29,613 | -20,850 | -24,993 | ||||||
| Stock | 127,170 | 53,987 | -57,946 | 149,774 | 145,069 | 75,154 | 91,428 | 71,134 | 23,122 | 172,024 |
| Debtors | 732,688 | 740,752 | -263,169 | 686,143 | 212,317 | 273,956 | 112,190 | 48,623 | 192,808 | 283,122 |
| Creditors | 323,820 | 148,496 | -571,901 | 472,816 | 43,565 | 101,283 | 141,647 | -497,060 | 166,601 | 583,615 |
| Accruals and Deferred Income | 183,451 | -633,979 | 374,763 | 129,479 | -75,061 | 184,922 | 57,552 | 563,399 | 0 | 0 |
| Deferred Taxes & Provisions | 29,639 | 19,152 | 118,108 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 261,404 | 269,551 | 201,669 | 138,289 | ||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 95,412 | 0 | 0 | -119,387 | 119,387 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -57,701 | 216,179 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | -19,172 | -24,801 | -16,722 | -12,890 | ||||||
| cash flow from financing | -107,766 | -131,301 | -115,400 | -41,295 | ||||||
| cash and cash equivalents | ||||||||||
| cash | 92,162 | -398,969 | 409,809 | -22,943 | 7,031 | -706 | -5,333 | 29,476 | -2,591 | 3,091 |
| overdraft | -55,090 | 212,618 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 147,252 | -611,587 | 409,809 | -22,943 | 7,031 | -706 | -5,333 | 29,476 | -2,591 | 3,091 |
P&L
February 2023turnover
6.3m
+29%
operating profit
668k
0%
gross margin
24%
+4.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
2.4m
+0.27%
total assets
4.7m
+0.28%
cash
111k
+4.89%
net assets
Total assets minus all liabilities
Similar Companies
qictrims limited company details
company number
08396364
Type
Private limited with Share Capital
industry
25110 - Manufacture of metal structures and parts of structures
incorporation date
February 2013
age
11
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
qictrims radclive road, gawcott, buckingham, buckinghamshire, MK18 4BL
last accounts submitted
February 2023
qictrims 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 qictrims limited. Currently there are 2 open charges and 2 have been satisfied in the past.
qictrims limited Companies House Filings - See Documents
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