quality insolvency services ltd
quality insolvency services ltd Company Information
Company Number
09815663
Next Accounts
910 days late
Directors
Shareholders
claudio michael grech
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
c/o frp advisory limited 4th flo, abbey house, manchester, M2 4AB
Website
qasuk.orgquality insolvency services ltd Estimated Valuation
Pomanda estimates the enterprise value of QUALITY INSOLVENCY SERVICES LTD at £1.3m based on a Turnover of £1.6m and 0.84x industry multiple (adjusted for size and gross margin).
quality insolvency services ltd Estimated Valuation
Pomanda estimates the enterprise value of QUALITY INSOLVENCY SERVICES LTD at £1.8k based on an EBITDA of £608 and a 2.9x industry multiple (adjusted for size and gross margin).
quality insolvency services ltd Estimated Valuation
Pomanda estimates the enterprise value of QUALITY INSOLVENCY SERVICES LTD at £6.7k based on Net Assets of £5.1k and 1.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Quality Insolvency Services Ltd Overview
Quality Insolvency Services Ltd is a live company located in manchester, M2 4AB with a Companies House number of 09815663. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in October 2015, it's largest shareholder is claudio michael grech with a 100% stake. Quality Insolvency Services Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.6m with high growth in recent years.
Upgrade for unlimited company reports & a free credit check
Quality Insolvency Services Ltd Health Check
Pomanda's financial health check has awarded Quality Insolvency Services Ltd a 1.5 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
1 Regular
6 Weak
Size
annual sales of £1.6m, make it smaller than the average company (£4.5m)
- Quality Insolvency Services Ltd
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (2.5%)
- Quality Insolvency Services Ltd
2.5% - Industry AVG
Production
with a gross margin of 17%, this company has a higher cost of product (56.8%)
- Quality Insolvency Services Ltd
56.8% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (9.1%)
- Quality Insolvency Services Ltd
9.1% - Industry AVG
Employees
with 20 employees, this is above the industry average (13)
20 - Quality Insolvency Services Ltd
13 - Industry AVG
Pay Structure
on an average salary of £74.5k, the company has an equivalent pay structure (£74.5k)
- Quality Insolvency Services Ltd
£74.5k - Industry AVG
Efficiency
resulting in sales per employee of £77.8k, this is less efficient (£209.7k)
- Quality Insolvency Services Ltd
£209.7k - Industry AVG
Debtor Days
it gets paid by customers after 97 days, this is later than average (36 days)
- Quality Insolvency Services Ltd
36 days - Industry AVG
Creditor Days
its suppliers are paid after 114 days, this is slower than average (45 days)
- Quality Insolvency Services Ltd
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Quality Insolvency Services Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Quality Insolvency Services Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.8%, this is a higher level of debt than the average (70.2%)
98.8% - Quality Insolvency Services Ltd
70.2% - Industry AVG
QUALITY INSOLVENCY SERVICES LTD financials
Quality Insolvency Services Ltd's latest turnover from December 2020 is estimated at £1.6 million and the company has net assets of £5.1 thousand. According to their latest financial statements, Quality Insolvency Services Ltd has 20 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|
| Turnover | |||||
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | |||||
| Tax | |||||
| Profit After Tax | |||||
| Dividends Paid | |||||
| Retained Profit | |||||
| Employee Costs | |||||
| Number Of Employees | 20 | 8 | 8 | 14 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|
| Tangible Assets | 2,339 | 4,679 | |||
| Intangible Assets | |||||
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 2,339 | 4,679 | |||
| Stock & work in progress | |||||
| Trade Debtors | 414,207 | 129,373 | 165,149 | 21,004 | 13,403 |
| Group Debtors | |||||
| Misc Debtors | 91,647 | ||||
| Cash | 36,115 | 139,454 | |||
| misc current assets | 171 | ||||
| total current assets | 414,207 | 129,373 | 165,320 | 148,766 | 152,857 |
| total assets | 414,207 | 129,373 | 165,320 | 151,105 | 157,536 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 403,904 | 123,592 | 117,795 | ||
| Group/Directors Accounts | |||||
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | 127,060 | 156,937 | |||
| total current liabilities | 403,904 | 123,592 | 117,795 | 127,060 | 156,937 |
| loans | |||||
| hp & lease commitments | |||||
| Accruals and Deferred Income | 5,179 | 1,150 | 14,306 | ||
| other liabilities | |||||
| provisions | |||||
| total long term liabilities | 5,179 | 1,150 | 14,306 | ||
| total liabilities | 409,083 | 124,742 | 132,101 | 127,060 | 156,937 |
| net assets | 5,124 | 4,631 | 33,219 | 24,045 | 599 |
| total shareholders funds | 5,124 | 4,631 | 33,219 | 24,045 | 599 |
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 2,340 | 2,339 | |||
| Amortisation | |||||
| Tax | |||||
| Stock | |||||
| Debtors | 284,834 | -35,776 | 52,498 | 99,248 | 13,403 |
| Creditors | 280,312 | 5,797 | 117,795 | ||
| Accruals and Deferred Income | 4,029 | -13,156 | -112,754 | -29,877 | 156,937 |
| Deferred Taxes & Provisions | |||||
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | |||||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | |||||
| Other Short Term Loans | |||||
| Long term loans | |||||
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | |||||
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -36,115 | -103,339 | 139,454 | ||
| overdraft | |||||
| change in cash | -36,115 | -103,339 | 139,454 |
quality insolvency services ltd Credit Report and Business Information
Quality Insolvency Services Ltd Competitor Analysis
Perform a competitor analysis for quality insolvency services ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in M 2 area or any other competitors across 12 key performance metrics.
quality insolvency services ltd Ownership
QUALITY INSOLVENCY SERVICES LTD group structure
Quality Insolvency Services Ltd has no subsidiary companies.
Ultimate parent company
QUALITY INSOLVENCY SERVICES LTD
09815663
quality insolvency services ltd directors
Quality Insolvency Services Ltd currently has 1 director, Mr Claudio Grech serving since Sep 2021.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Claudio Grech | United Kingdom | 65 years | Sep 2021 | - | Director |
P&L
December 2020turnover
1.6m
+173%
operating profit
608.6
0%
gross margin
17%
+0.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
5.1k
+0.11%
total assets
414.2k
+2.2%
cash
0
0%
net assets
Total assets minus all liabilities
quality insolvency services ltd company details
company number
09815663
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
October 2015
age
10
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2020
previous names
N/A
accountant
-
auditor
-
address
c/o frp advisory limited 4th flo, abbey house, manchester, M2 4AB
Bank
-
Legal Advisor
-
quality insolvency services 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 quality insolvency services ltd.
quality insolvency services ltd 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.
Click to start generating capital raising & share issue transactions for QUALITY INSOLVENCY SERVICES LTD. This can take several minutes, an email will notify you when this has completed.
quality insolvency services ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
