qualibest eastcheap limited
qualibest eastcheap limited Company Information
Company Number
09498614
Website
-Registered Address
20 fenchurch street, level 23, london, EC3M 3BY
Industry
Development of building projects
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
qualibest international limited 100%
qualibest eastcheap limited Estimated Valuation
Pomanda estimates the enterprise value of QUALIBEST EASTCHEAP LIMITED at £969.2k based on a Turnover of £1.7m and 0.58x industry multiple (adjusted for size and gross margin).
qualibest eastcheap limited Estimated Valuation
Pomanda estimates the enterprise value of QUALIBEST EASTCHEAP LIMITED at £0 based on an EBITDA of £-2.9m and a 4.25x industry multiple (adjusted for size and gross margin).
qualibest eastcheap limited Estimated Valuation
Pomanda estimates the enterprise value of QUALIBEST EASTCHEAP LIMITED at £11.6m based on Net Assets of £7.5m and 1.55x industry multiple (adjusted for liquidity).
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Qualibest Eastcheap Limited Overview
Qualibest Eastcheap Limited is a live company located in london, EC3M 3BY with a Companies House number of 09498614. It operates in the development of building projects sector, SIC Code 41100. Founded in March 2015, it's largest shareholder is qualibest international limited with a 100% stake. Qualibest Eastcheap Limited is a young, small sized company, Pomanda has estimated its turnover at £1.7m with declining growth in recent years.
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Qualibest Eastcheap Limited Health Check
Pomanda's financial health check has awarded Qualibest Eastcheap Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 6 areas for improvement. Company Health Check FAQs
0 Strong
5 Regular
6 Weak
Size
annual sales of £1.7m, make it smaller than the average company (£2.7m)
- Qualibest Eastcheap Limited
£2.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (4.7%)
- Qualibest Eastcheap Limited
4.7% - Industry AVG
Production
with a gross margin of 26%, this company has a comparable cost of product (26%)
- Qualibest Eastcheap Limited
26% - Industry AVG
Profitability
an operating margin of -175.9% make it less profitable than the average company (6.7%)
- Qualibest Eastcheap Limited
6.7% - Industry AVG
Employees
with 6 employees, this is similar to the industry average (6)
- Qualibest Eastcheap Limited
6 - Industry AVG
Pay Structure
on an average salary of £49.3k, the company has an equivalent pay structure (£49.3k)
- Qualibest Eastcheap Limited
£49.3k - Industry AVG
Efficiency
resulting in sales per employee of £277k, this is equally as efficient (£312.4k)
- Qualibest Eastcheap Limited
£312.4k - Industry AVG
Debtor Days
it gets paid by customers after 47 days, this is later than average (27 days)
- Qualibest Eastcheap Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (30 days)
- Qualibest Eastcheap Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Qualibest Eastcheap Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is average cash available to meet short term requirements (11 weeks)
9 weeks - Qualibest Eastcheap Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 81.8%, this is a higher level of debt than the average (73.8%)
81.8% - Qualibest Eastcheap Limited
73.8% - Industry AVG
QUALIBEST EASTCHEAP LIMITED financials
Qualibest Eastcheap Limited's latest turnover from December 2023 is estimated at £1.7 million and the company has net assets of £7.5 million. According to their latest financial statements, we estimate that Qualibest Eastcheap Limited has 6 employees and maintains cash reserves of £6.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,869,258 | 1,352,182 | 1,591,097 | 666,360 | |||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | 1,544,168 | 1,144,064 | 1,171,400 | 181,230 | |||||
| Interest Payable | 0 | 0 | 847,944 | 912,635 | |||||
| Interest Receivable | 0 | 0 | 0 | 0 | |||||
| Pre-Tax Profit | -926,503 | 4,047,754 | 18,378,296 | -731,405 | |||||
| Tax | 117,701 | -798,181 | -3,489,648 | 0 | |||||
| Profit After Tax | -808,802 | 3,249,573 | 14,888,648 | -731,405 | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | |||||
| Retained Profit | -808,802 | 3,249,573 | 14,888,648 | -731,405 | |||||
| Employee Costs | |||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | |||||
| EBITDA* | 1,544,168 | 1,144,064 | 1,171,400 | 181,230 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 980 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 33,186,801 | 37,017,130 | 43,276,799 | 43,871,773 | 46,342,444 | 43,438,754 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 97,503 | 60,612 | 19,446 | 21,949 | 23,475 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 33,284,304 | 37,077,742 | 43,296,245 | 43,893,722 | 46,365,919 | 43,438,754 | 980 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 25,058,753 | 21,535,181 | 16,698,116 |
| Trade Debtors | 215,210 | 131,003 | 282,277 | 354,687 | 177,795 | 12,469 | 131,157 | 0 | 0 |
| Group Debtors | 59,274 | 59,274 | 62,283 | 62,283 | 62,283 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,179,891 | 1,078,964 | 2,128,493 | 4,440,872 | 3,429,714 | 1,723,225 | 521,356 | 345,769 | 141,794 |
| Cash | 6,230,115 | 5,167,709 | 3,003,087 | 0 | 0 | 0 | 79,472 | 489 | 36,104 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,684,490 | 6,436,950 | 5,476,140 | 4,857,842 | 3,669,792 | 1,735,694 | 25,790,738 | 21,881,439 | 16,876,014 |
| total assets | 40,968,794 | 43,514,692 | 48,772,385 | 48,751,564 | 50,035,711 | 45,174,448 | 25,791,718 | 21,881,439 | 16,876,014 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 85 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 57,729 | 21,674 | 44,035 | 20,203 | 35,049 | 0 | 101,435 | 397,700 | 544,621 |
| Group/Directors Accounts | 32,087,455 | 32,013,240 | 31,937,170 | 31,822,642 | 31,651,527 | 28,114,708 | 24,419,258 | 19,671,679 | 13,926,264 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,336,667 | 1,141,039 | 1,290,677 | 1,619,411 | 1,839,932 | 4,295,956 | 3,395,889 | 3,205,434 | 2,958,008 |
| total current liabilities | 33,481,851 | 33,175,953 | 33,271,882 | 33,462,256 | 33,526,508 | 32,410,664 | 27,916,582 | 23,274,898 | 17,428,893 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 11,887 | 225,476 | 81,272 | 84,753 | 495,846 | 0 | 0 | 0 | 0 |
| total long term liabilities | 11,887 | 225,476 | 81,272 | 84,753 | 495,846 | 0 | 0 | 0 | 0 |
| total liabilities | 33,493,738 | 33,401,429 | 33,353,154 | 33,547,009 | 34,022,354 | 32,410,664 | 27,916,582 | 23,274,898 | 17,428,893 |
| net assets | 7,475,056 | 10,113,263 | 15,419,231 | 15,204,555 | 16,013,357 | 12,763,784 | -2,124,864 | -1,393,459 | -552,879 |
| total shareholders funds | 7,475,056 | 10,113,263 | 15,419,231 | 15,204,555 | 16,013,357 | 12,763,784 | -2,124,864 | -1,393,459 | -552,879 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 1,544,168 | 1,144,064 | 1,171,400 | 181,230 | |||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 117,701 | -798,181 | -3,489,648 | 0 | |||||
| Stock | 0 | 0 | 0 | 0 | -25,058,753 | -25,058,753 | 3,523,572 | 4,837,065 | 16,698,116 |
| Debtors | 222,025 | -1,162,646 | -2,387,292 | 1,186,524 | 3,040,754 | 1,083,181 | 306,744 | 203,975 | 141,794 |
| Creditors | 36,055 | -22,361 | 23,832 | -14,846 | -66,386 | -101,435 | -296,265 | -146,921 | 544,621 |
| Accruals and Deferred Income | 195,628 | -149,638 | -328,734 | -220,521 | -1,555,957 | 900,067 | 190,455 | 247,426 | 2,958,008 |
| Deferred Taxes & Provisions | -213,589 | 144,204 | -3,481 | -411,093 | 495,846 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -171,115 | 21,237,385 | 22,455,956 | -3,754,896 | |||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | -3,830,329 | -6,259,669 | -594,974 | -2,470,671 | 46,342,444 | 43,438,754 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 74,215 | 76,070 | 114,528 | 171,115 | 7,232,269 | 3,695,450 | 4,747,579 | 5,745,415 | 13,926,264 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | 0 | 0 | -847,944 | -912,635 | |||||
| cash flow from financing | 171,115 | 22,120,917 | 2,847,506 | 3,834,944 | |||||
| cash and cash equivalents | |||||||||
| cash | 1,062,406 | 2,164,622 | 3,003,087 | 0 | -79,472 | -79,472 | 78,983 | -35,615 | 36,104 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -85 | 85 | 0 |
| change in cash | 1,062,406 | 2,164,622 | 3,003,087 | 0 | -79,472 | -79,472 | 79,068 | -35,700 | 36,104 |
qualibest eastcheap limited Credit Report and Business Information
Qualibest Eastcheap Limited Competitor Analysis
Perform a competitor analysis for qualibest eastcheap limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in EC3M area or any other competitors across 12 key performance metrics.
qualibest eastcheap limited Ownership
QUALIBEST EASTCHEAP LIMITED group structure
Qualibest Eastcheap Limited has no subsidiary companies.
Ultimate parent company
LKK GROUP LTD
#0079680
QUALIBEST INTERNATIONAL LTD
#0118966
2 parents
QUALIBEST EASTCHEAP LIMITED
09498614
qualibest eastcheap limited directors
Qualibest Eastcheap Limited currently has 2 directors. The longest serving directors include Man Ng (Mar 2019) and Wing Cheung (Apr 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Man Ng | England | 59 years | Mar 2019 | - | Director |
| Wing Cheung | England | 47 years | Apr 2024 | - | Director |
P&L
December 2023turnover
1.7m
+91%
operating profit
-2.9m
0%
gross margin
26.1%
+0.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
7.5m
-0.26%
total assets
41m
-0.06%
cash
6.2m
+0.21%
net assets
Total assets minus all liabilities
qualibest eastcheap limited company details
company number
09498614
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
March 2015
age
9
incorporated
UK
accounts
Small Company
ultimate parent company
previous names
thackeray estates eastcheap limited (April 2019)
thackeray estates 31-35 eastcheap limited (April 2015)
last accounts submitted
December 2023
address
20 fenchurch street, level 23, london, EC3M 3BY
accountant
HW FISHER LLP
auditor
-
qualibest eastcheap 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 1 charges/mortgages relating to qualibest eastcheap limited. Currently there are 0 open charges and 1 have been satisfied in the past.
qualibest eastcheap limited Companies House Filings - See Documents
| date | description | view/download |
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