quality foods services ltd

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quality foods services ltd Company Information

Share QUALITY FOODS SERVICES LTD
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Company Number

10569459

Website

-

Registered Address

unit 13-15 invincible drive, armstrong industrial park, newcastle upon tyne, tyne & wear, NE4 7HX

Industry

Other food service activities

 

Telephone

-

Next Accounts Due

October 2024

Group Structure

View All

Directors

James Lau7 Years

James Lau7 Years

Shareholders

uncle ma international limited 100%

quality foods services ltd Estimated Valuation

£405.3k

Pomanda estimates the enterprise value of QUALITY FOODS SERVICES LTD at £405.3k based on a Turnover of £1.2m and 0.35x industry multiple (adjusted for size and gross margin).

quality foods services ltd Estimated Valuation

£8.2k

Pomanda estimates the enterprise value of QUALITY FOODS SERVICES LTD at £8.2k based on an EBITDA of £2.2k and a 3.65x industry multiple (adjusted for size and gross margin).

quality foods services ltd Estimated Valuation

£71k

Pomanda estimates the enterprise value of QUALITY FOODS SERVICES LTD at £71k based on Net Assets of £27.1k and 2.62x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from January 2023 

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Quality Foods Services Ltd Overview

Quality Foods Services Ltd is a live company located in newcastle upon tyne, NE4 7HX with a Companies House number of 10569459. It operates in the other food services sector, SIC Code 56290. Founded in January 2017, it's largest shareholder is uncle ma international limited with a 100% stake. Quality Foods Services Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.2m with declining growth in recent years.

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Quality Foods Services Ltd Health Check

Pomanda's financial health check has awarded Quality Foods Services Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £1.2m, make it in line with the average company (£1.2m)

£1.2m - Quality Foods Services Ltd

£1.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (4.3%)

-13% - Quality Foods Services Ltd

4.3% - Industry AVG

production

Production

with a gross margin of 15.6%, this company has a higher cost of product (27.2%)

15.6% - Quality Foods Services Ltd

27.2% - Industry AVG

profitability

Profitability

an operating margin of 0.2% make it less profitable than the average company (2.9%)

0.2% - Quality Foods Services Ltd

2.9% - Industry AVG

employees

Employees

with 8 employees, this is below the industry average (16)

8 - Quality Foods Services Ltd

16 - Industry AVG

paystructure

Pay Structure

on an average salary of £21.7k, the company has an equivalent pay structure (£21.7k)

£21.7k - Quality Foods Services Ltd

£21.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £145.6k, this is more efficient (£64.6k)

£145.6k - Quality Foods Services Ltd

£64.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 96 days, this is later than average (31 days)

96 days - Quality Foods Services Ltd

31 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 64 days, this is slower than average (36 days)

64 days - Quality Foods Services Ltd

36 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Quality Foods Services Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Quality Foods Services Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 91.7%, this is a higher level of debt than the average (71.1%)

91.7% - Quality Foods Services Ltd

71.1% - Industry AVG

quality foods services ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Quality Foods Services Ltd Competitor Analysis

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Perform a competitor analysis for quality foods services ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.

quality foods services ltd Ownership

QUALITY FOODS SERVICES LTD group structure

Quality Foods Services Ltd has no subsidiary companies.

Ultimate parent company

UNCLE MA INTERNATIONAL LTD

#0108455

1 parent

QUALITY FOODS SERVICES LTD

10569459

QUALITY FOODS SERVICES LTD Shareholders

uncle ma international limited 100%

quality foods services ltd directors

Quality Foods Services Ltd currently has 2 directors. The longest serving directors include Mr James Lau (Jan 2017) and Mr James Lau (Jan 2017).

officercountryagestartendrole
Mr James Lau28 years Jan 2017- Director
Mr James LauEngland28 years Jan 2017- Director

QUALITY FOODS SERVICES LTD financials

EXPORTms excel logo

Quality Foods Services Ltd's latest turnover from January 2023 is estimated at £1.2 million and the company has net assets of £27.1 thousand. According to their latest financial statements, Quality Foods Services Ltd has 8 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018
Turnover1,165,1021,043,3382,200,3961,740,2781,571,361301,792
Other Income Or Grants000000
Cost Of Sales983,171932,2211,970,3801,489,4321,354,210256,329
Gross Profit181,931111,117230,016250,846217,15145,463
Admin Expenses179,69040,152153,942171,587340,11480,526
Operating Profit2,24170,96576,07479,259-122,963-35,063
Interest Payable000000
Interest Receivable000000
Pre-Tax Profit2,24170,96576,07479,259-122,963-35,063
Tax-426-13,483-14,454-15,05900
Profit After Tax1,81557,48261,62064,200-122,963-35,063
Dividends Paid000000
Retained Profit1,81557,48261,62064,200-122,963-35,063
Employee Costs173,274102,60896,526102,755157,45042,068
Number Of Employees855582
EBITDA*2,24170,96576,07479,259-122,963-35,063

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018
Tangible Assets18,77921,87824,40428,49633,30938,972
Intangible Assets000000
Investments & Other000000
Debtors (Due After 1 year)000000
Total Fixed Assets18,77921,87824,40428,49633,30938,972
Stock & work in progress000000
Trade Debtors306,690315,676499,649348,064201,49923,203
Group Debtors000000
Misc Debtors000000
Cash000000
misc current assets000000
total current assets306,690315,676499,649348,064201,49923,203
total assets325,469337,554524,053376,560234,80862,175
Bank overdraft000000
Bank loan000000
Trade Creditors 174,135169,391410,565470,386392,83497,238
Group/Directors Accounts000000
other short term finances000000
hp & lease commitments000000
other current liabilities000000
total current liabilities174,135169,391410,565470,386392,83497,238
loans000000
hp & lease commitments000000
Accruals and Deferred Income000000
other liabilities124,243142,887145,694000
provisions000000
total long term liabilities124,243142,887145,694000
total liabilities298,378312,278556,259470,386392,83497,238
net assets27,09125,276-32,206-93,826-158,026-35,063
total shareholders funds27,09125,276-32,206-93,826-158,026-35,063
Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018
Operating Activities
Operating Profit2,24170,96576,07479,259-122,963-35,063
Depreciation000000
Amortisation000000
Tax-426-13,483-14,454-15,05900
Stock000000
Debtors-8,986-183,973151,585146,565178,29623,203
Creditors4,744-241,174-59,82177,552295,59697,238
Accruals and Deferred Income000000
Deferred Taxes & Provisions000000
Cash flow from operations15,545281-149,786-4,813-5,66338,972
Investing Activities
capital expenditure3,0992,5264,0924,8135,663-38,972
Change in Investments000000
cash flow from investments3,0992,5264,0924,8135,663-38,972
Financing Activities
Bank loans000000
Group/Directors Accounts000000
Other Short Term Loans 000000
Long term loans000000
Hire Purchase and Lease Commitments000000
other long term liabilities-18,644-2,807145,694000
share issue000000
interest000000
cash flow from financing-18,644-2,807145,694000
cash and cash equivalents
cash000000
overdraft000000
change in cash000000

P&L

January 2023

turnover

1.2m

+12%

operating profit

2.2k

0%

gross margin

15.7%

+46.62%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

January 2023

net assets

27.1k

+0.07%

total assets

325.5k

-0.04%

cash

0

0%

net assets

Total assets minus all liabilities

quality foods services ltd company details

company number

10569459

Type

Private limited with Share Capital

industry

56290 - Other food service activities

incorporation date

January 2017

age

7

accounts

Micro-Entity Accounts

ultimate parent company

UNCLE MA INTERNATIONAL LTD

previous names

N/A

incorporated

UK

address

unit 13-15 invincible drive, armstrong industrial park, newcastle upon tyne, tyne & wear, NE4 7HX

last accounts submitted

January 2023

quality foods 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 foods services ltd.

charges

quality foods services ltd Companies House Filings - See Documents

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