quick time ltd
quick time ltd Company Information
Company Number
10235397
Website
www.quicktime-inc.comRegistered Address
19 cheetham hill road, manchester, M4 4FY
Industry
Taxi operation
Telephone
-
Next Accounts Due
January 2025
Group Structure
View All
Directors
Qamar Farooq8 Years
Shareholders
qamar farooq 100%
quick time ltd Estimated Valuation
Pomanda estimates the enterprise value of QUICK TIME LTD at £42k based on a Turnover of £119.2k and 0.35x industry multiple (adjusted for size and gross margin).
quick time ltd Estimated Valuation
Pomanda estimates the enterprise value of QUICK TIME LTD at £15.3k based on an EBITDA of £4.8k and a 3.16x industry multiple (adjusted for size and gross margin).
quick time ltd Estimated Valuation
Pomanda estimates the enterprise value of QUICK TIME LTD at £39.4k based on Net Assets of £14k and 2.81x industry multiple (adjusted for liquidity).
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Quick Time Ltd Overview
Quick Time Ltd is a live company located in manchester, M4 4FY with a Companies House number of 10235397. It operates in the taxi operation sector, SIC Code 49320. Founded in June 2016, it's largest shareholder is qamar farooq with a 100% stake. Quick Time Ltd is a young, micro sized company, Pomanda has estimated its turnover at £119.2k with healthy growth in recent years.
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Quick Time Ltd Health Check
Pomanda's financial health check has awarded Quick Time Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
6 Weak
Size
annual sales of £119.2k, make it smaller than the average company (£323.7k)
- Quick Time Ltd
£323.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (5.9%)
- Quick Time Ltd
5.9% - Industry AVG
Production
with a gross margin of 23.5%, this company has a higher cost of product (48.1%)
- Quick Time Ltd
48.1% - Industry AVG
Profitability
an operating margin of 4.1% make it less profitable than the average company (8.2%)
- Quick Time Ltd
8.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - Quick Time Ltd
4 - Industry AVG
Pay Structure
on an average salary of £24.2k, the company has an equivalent pay structure (£24.2k)
- Quick Time Ltd
£24.2k - Industry AVG
Efficiency
resulting in sales per employee of £59.6k, this is less efficient (£72.7k)
- Quick Time Ltd
£72.7k - Industry AVG
Debtor Days
it gets paid by customers after 98 days, this is later than average (40 days)
- Quick Time Ltd
40 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is close to average (12 days)
- Quick Time Ltd
12 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Quick Time Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Quick Time Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 56.6%, this is a lower level of debt than the average (64.8%)
56.6% - Quick Time Ltd
64.8% - Industry AVG
QUICK TIME LTD financials
Quick Time Ltd's latest turnover from April 2023 is estimated at £119.2 thousand and the company has net assets of £14 thousand. According to their latest financial statements, Quick Time Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 12,320 | 3,424 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 12,320 | 3,424 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 32,314 | 33,069 | 41,840 | 23,483 | 9,789 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 670 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 14,807 | 6,143 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 32,314 | 33,069 | 42,510 | 23,483 | 9,789 | 14,807 | 6,143 |
| total assets | 32,314 | 33,069 | 42,510 | 23,483 | 9,789 | 27,127 | 9,567 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,056 | 2,485 | 18,863 | 20,422 | 3,734 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 21,203 | 4,982 |
| total current liabilities | 3,056 | 2,485 | 18,863 | 20,422 | 3,734 | 21,203 | 4,982 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 15,223 | 20,177 | 25,000 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 15,223 | 20,177 | 25,000 | 0 | 0 | 0 | 0 |
| total liabilities | 18,279 | 22,662 | 43,863 | 20,422 | 3,734 | 21,203 | 4,982 |
| net assets | 14,035 | 10,407 | -1,353 | 3,061 | 6,055 | 5,924 | 4,585 |
| total shareholders funds | 14,035 | 10,407 | -1,353 | 3,061 | 6,055 | 5,924 | 4,585 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 1,680 | 576 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -755 | -9,441 | 19,027 | 13,694 | 9,789 | 0 | 0 |
| Creditors | 571 | -16,378 | -1,559 | 16,688 | 3,734 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | -21,203 | 16,221 | 4,982 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -4,954 | -4,823 | 25,000 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 0 | 0 | 0 | 0 | -14,807 | 8,664 | 6,143 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | -14,807 | 8,664 | 6,143 |
quick time ltd Credit Report and Business Information
Quick Time Ltd Competitor Analysis
Perform a competitor analysis for quick time ltd by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other micro companies, companies in M 4 area or any other competitors across 12 key performance metrics.
quick time ltd Ownership
QUICK TIME LTD group structure
Quick Time Ltd has no subsidiary companies.
Ultimate parent company
QUICK TIME LTD
10235397
quick time ltd directors
Quick Time Ltd currently has 1 director, Mr Qamar Farooq serving since Jun 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Qamar Farooq | England | 46 years | Jun 2016 | - | Director |
P&L
April 2023turnover
119.2k
-12%
operating profit
4.8k
0%
gross margin
23.6%
-10.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
14k
+0.35%
total assets
32.3k
-0.02%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
quick time ltd company details
company number
10235397
Type
Private limited with Share Capital
industry
49320 - Taxi operation
incorporation date
June 2016
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
April 2023
previous names
N/A
accountant
THE TAXCOM ACCOUNTANTS LLP
auditor
-
address
19 cheetham hill road, manchester, M4 4FY
Bank
-
Legal Advisor
-
quick time 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 quick time ltd.
quick time ltd Companies House Filings - See Documents
| date | description | view/download |
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