quarrington renewable gas ltd
quarrington renewable gas ltd Company Information
Company Number
09366096
Website
-Registered Address
suite 5, 2nd floor, regent centre, newcastle upon tyne, NE3 3LS
Industry
Production of electricity
Telephone
-
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
sqn afif (amber) limited 51%
quarrington farms ltd 49%
quarrington renewable gas ltd Estimated Valuation
Pomanda estimates the enterprise value of QUARRINGTON RENEWABLE GAS LTD at £5.4m based on a Turnover of £4.1m and 1.31x industry multiple (adjusted for size and gross margin).
quarrington renewable gas ltd Estimated Valuation
Pomanda estimates the enterprise value of QUARRINGTON RENEWABLE GAS LTD at £0 based on an EBITDA of £-154.8k and a 3.95x industry multiple (adjusted for size and gross margin).
quarrington renewable gas ltd Estimated Valuation
Pomanda estimates the enterprise value of QUARRINGTON RENEWABLE GAS LTD at £0 based on Net Assets of £-1.1m and 2.69x industry multiple (adjusted for liquidity).
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Quarrington Renewable Gas Ltd Overview
Quarrington Renewable Gas Ltd is a dissolved company that was located in newcastle upon tyne, NE3 3LS with a Companies House number of 09366096. It operated in the production of electricity sector, SIC Code 35110. Founded in December 2014, it's largest shareholder was sqn afif (amber) limited with a 51% stake. The last turnover for Quarrington Renewable Gas Ltd was estimated at £4.1m.
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Quarrington Renewable Gas Ltd Health Check
Pomanda's financial health check has awarded Quarrington Renewable Gas Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £4.1m, make it larger than the average company (£731k)
- Quarrington Renewable Gas Ltd
£731k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Quarrington Renewable Gas Ltd
- - Industry AVG
Production
with a gross margin of 34.6%, this company has a higher cost of product (56.3%)
- Quarrington Renewable Gas Ltd
56.3% - Industry AVG
Profitability
an operating margin of -3.8% make it less profitable than the average company (30.9%)
- Quarrington Renewable Gas Ltd
30.9% - Industry AVG
Employees
with 8 employees, this is above the industry average (3)
- Quarrington Renewable Gas Ltd
3 - Industry AVG
Pay Structure
on an average salary of £58.2k, the company has an equivalent pay structure (£58.2k)
- Quarrington Renewable Gas Ltd
£58.2k - Industry AVG
Efficiency
resulting in sales per employee of £513.7k, this is more efficient (£262.4k)
- Quarrington Renewable Gas Ltd
£262.4k - Industry AVG
Debtor Days
it gets paid by customers after 93 days, this is later than average (31 days)
- Quarrington Renewable Gas Ltd
31 days - Industry AVG
Creditor Days
its suppliers are paid after 221 days, this is slower than average (31 days)
- Quarrington Renewable Gas Ltd
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Quarrington Renewable Gas Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (8 weeks)
1 weeks - Quarrington Renewable Gas Ltd
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 121.9%, this is a higher level of debt than the average (100.3%)
121.9% - Quarrington Renewable Gas Ltd
100.3% - Industry AVG
quarrington renewable gas ltd Credit Report and Business Information
Quarrington Renewable Gas Ltd Competitor Analysis
Perform a competitor analysis for quarrington renewable gas ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
quarrington renewable gas ltd Ownership
QUARRINGTON RENEWABLE GAS LTD group structure
Quarrington Renewable Gas Ltd has no subsidiary companies.
Ultimate parent company
QUARRINGTON RENEWABLE GAS LTD
09366096
quarrington renewable gas ltd directors
Quarrington Renewable Gas Ltd currently has 2 directors. The longest serving directors include Mr Philip Johnson (Dec 2014) and Mr Timothy Spring (May 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Philip Johnson | England | 64 years | Dec 2014 | - | Director |
| Mr Timothy Spring | England | 65 years | May 2017 | - | Director |
QUARRINGTON RENEWABLE GAS LTD financials
Quarrington Renewable Gas Ltd's latest turnover from March 2018 is estimated at £4.1 million and the company has net assets of -£1.1 million. According to their latest financial statements, we estimate that Quarrington Renewable Gas Ltd has 8 employees and maintains cash reserves of £34.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|
| Turnover | 443,011 | 1,398 | |
| Other Income Or Grants | 0 | 0 | |
| Cost Of Sales | 278,701 | 76,290 | |
| Gross Profit | 164,310 | -74,892 | |
| Admin Expenses | 214,224 | 98,868 | |
| Operating Profit | -49,914 | -173,760 | |
| Interest Payable | 436,292 | 255,458 | |
| Interest Receivable | 0 | 0 | |
| Pre-Tax Profit | -486,206 | -429,218 | |
| Tax | 0 | 0 | |
| Profit After Tax | -486,206 | -429,218 | |
| Dividends Paid | 0 | 0 | |
| Retained Profit | -486,206 | -429,218 | |
| Employee Costs | |||
| Number Of Employees | |||
| EBITDA* | -49,914 | -173,760 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|
| Tangible Assets | 3,801,578 | 3,292,032 | 3,086,518 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 3,801,578 | 3,292,032 | 3,086,518 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 1,054,240 | 1,104,165 | 1,019,919 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 34,478 | 146,983 | 81,712 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 1,088,718 | 1,251,148 | 1,101,631 |
| total assets | 4,890,296 | 4,543,180 | 4,188,149 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 1,631,427 | 1,534,969 | 1,419,302 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 1,631,427 | 1,534,969 | 1,419,302 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 4,328,625 | 3,923,625 | 3,198,055 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 4,328,625 | 3,923,625 | 3,198,055 |
| total liabilities | 5,960,052 | 5,458,594 | 4,617,357 |
| net assets | -1,069,756 | -915,414 | -429,208 |
| total shareholders funds | -1,069,756 | -915,414 | -429,208 |
| Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -49,914 | -173,760 | |
| Depreciation | 0 | 0 | |
| Amortisation | 0 | 0 | 0 |
| Tax | 0 | 0 | |
| Stock | 0 | 0 | 0 |
| Debtors | -49,925 | 84,246 | 1,019,919 |
| Creditors | 96,458 | 115,667 | 1,419,302 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | 225,623 | ||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 405,000 | 725,570 | 3,198,055 |
| share issue | |||
| interest | -436,292 | -255,458 | |
| cash flow from financing | 289,278 | 2,942,607 | |
| cash and cash equivalents | |||
| cash | -112,505 | 65,271 | 81,712 |
| overdraft | 0 | 0 | 0 |
| change in cash | -112,505 | 65,271 | 81,712 |
P&L
March 2018turnover
4.1m
+828%
operating profit
-154.8k
0%
gross margin
34.7%
-6.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2018net assets
-1.1m
+0.17%
total assets
4.9m
+0.08%
cash
34.5k
-0.77%
net assets
Total assets minus all liabilities
quarrington renewable gas ltd company details
company number
09366096
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
December 2014
age
10
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
suite 5, 2nd floor, regent centre, newcastle upon tyne, NE3 3LS
last accounts submitted
March 2018
quarrington renewable gas ltd 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 did not find charges/mortgages relating to quarrington renewable gas ltd.
quarrington renewable gas ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
