quality foods services ltd

quality foods services ltd Company Information

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Company Number

10569459

Industry

Other food service activities

 

Shareholders

uncle ma international limited

Group Structure

View All

Contact

Registered Address

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

Website

-

quality foods services ltd Estimated Valuation

£509.1k

Pomanda estimates the enterprise value of QUALITY FOODS SERVICES LTD at £509.1k based on a Turnover of £1.3m and 0.38x industry multiple (adjusted for size and gross margin).

quality foods services ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of QUALITY FOODS SERVICES LTD at £0 based on an EBITDA of £-45.5k and a 3.49x industry multiple (adjusted for size and gross margin).

quality foods services ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of QUALITY FOODS SERVICES LTD at £0 based on Net Assets of £-18.4k and 2.88x industry multiple (adjusted for liquidity).

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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 £1.3m 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 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £1.3m, make it smaller than the average company (£1.8m)

£1.3m - Quality Foods Services Ltd

£1.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (12.4%)

-15% - Quality Foods Services Ltd

12.4% - Industry AVG

production

Production

with a gross margin of 14.7%, this company has a higher cost of product (25.6%)

14.7% - Quality Foods Services Ltd

25.6% - Industry AVG

profitability

Profitability

an operating margin of -3.4% make it less profitable than the average company (2.9%)

-3.4% - Quality Foods Services Ltd

2.9% - Industry AVG

employees

Employees

with 8 employees, this is below the industry average (26)

8 - Quality Foods Services Ltd

26 - Industry AVG

paystructure

Pay Structure

on an average salary of £24.5k, the company has an equivalent pay structure (£24.5k)

£24.5k - Quality Foods Services Ltd

£24.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £167.9k, this is more efficient (£68.7k)

£167.9k - Quality Foods Services Ltd

£68.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 82 days, this is later than average (29 days)

82 days - Quality Foods Services Ltd

29 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 71 days, this is slower than average (34 days)

71 days - Quality Foods Services Ltd

34 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 105.7%, this is a higher level of debt than the average (66.6%)

105.7% - Quality Foods Services Ltd

66.6% - Industry AVG

QUALITY FOODS SERVICES LTD financials

EXPORTms excel logo

Quality Foods Services Ltd's latest turnover from January 2024 is estimated at £1.3 million and the company has net assets of -£18.4 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 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018
Turnover1,343,3811,136,4041,034,7262,157,7071,725,0491,569,899302,832
Other Income Or Grants0000000
Cost Of Sales1,146,594957,165924,5261,930,9101,476,0701,351,024257,368
Gross Profit196,787179,239110,200226,797248,979218,87545,464
Admin Expenses242,272176,99839,235150,723169,720341,83880,527
Operating Profit-45,4852,24170,96576,07479,259-122,963-35,063
Interest Payable0000000
Interest Receivable0000000
Pre-Tax Profit-45,4852,24170,96576,07479,259-122,963-35,063
Tax0-426-13,483-14,454-15,05900
Profit After Tax-45,4851,81557,48261,62064,200-122,963-35,063
Dividends Paid0000000
Retained Profit-45,4851,81557,48261,62064,200-122,963-35,063
Employee Costs196,185169,019102,60896,350104,152158,31042,068
Number Of Employees8855582
EBITDA*-45,4852,24170,96576,07479,259-122,963-35,063

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018
Tangible Assets16,14518,77921,87824,40428,49633,30938,972
Intangible Assets0000000
Investments & Other0000000
Debtors (Due After 1 year)0000000
Total Fixed Assets16,14518,77921,87824,40428,49633,30938,972
Stock & work in progress0000000
Trade Debtors304,288306,690315,676499,649348,064201,49923,203
Group Debtors0000000
Misc Debtors0000000
Cash0000000
misc current assets0000000
total current assets304,288306,690315,676499,649348,064201,49923,203
total assets320,433325,469337,554524,053376,560234,80862,175
Bank overdraft0000000
Bank loan0000000
Trade Creditors 224,826174,135169,391410,565470,386392,83497,238
Group/Directors Accounts0000000
other short term finances0000000
hp & lease commitments0000000
other current liabilities0000000
total current liabilities224,826174,135169,391410,565470,386392,83497,238
loans0000000
hp & lease commitments0000000
Accruals and Deferred Income0000000
other liabilities114,001124,243142,887145,694000
provisions0000000
total long term liabilities114,001124,243142,887145,694000
total liabilities338,827298,378312,278556,259470,386392,83497,238
net assets-18,39427,09125,276-32,206-93,826-158,026-35,063
total shareholders funds-18,39427,09125,276-32,206-93,826-158,026-35,063
Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018
Operating Activities
Operating Profit-45,4852,24170,96576,07479,259-122,963-35,063
Depreciation0000000
Amortisation0000000
Tax0-426-13,483-14,454-15,05900
Stock0000000
Debtors-2,402-8,986-183,973151,585146,565178,29623,203
Creditors50,6914,744-241,174-59,82177,552295,59697,238
Accruals and Deferred Income0000000
Deferred Taxes & Provisions0000000
Cash flow from operations7,60815,545281-149,786-4,813-5,66338,972
Investing Activities
capital expenditure2,6343,0992,5264,0924,8135,663-38,972
Change in Investments0000000
cash flow from investments2,6343,0992,5264,0924,8135,663-38,972
Financing Activities
Bank loans0000000
Group/Directors Accounts0000000
Other Short Term Loans 0000000
Long term loans0000000
Hire Purchase and Lease Commitments0000000
other long term liabilities-10,242-18,644-2,807145,694000
share issue0000000
interest0000000
cash flow from financing-10,242-18,644-2,807145,694000
cash and cash equivalents
cash0000000
overdraft0000000
change in cash0000000

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

competitor_analysis_table_img

Perform a competitor analysis for quality foods services ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in NE4 area or any other competitors across 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 LauUnited Kingdom28 years Jan 2017- Director
Mr James Lau28 years Jan 2017- Director

P&L

January 2024

turnover

1.3m

+18%

operating profit

-45.5k

0%

gross margin

14.7%

-7.13%

turnover

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

Balance Sheet

January 2024

net assets

-18.4k

-1.68%

total assets

320.4k

-0.02%

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

incorporated

UK

ultimate parent company

UNCLE MA INTERNATIONAL LTD

accounts

Micro-Entity Accounts

last accounts submitted

January 2024

previous names

N/A

accountant

SKS BAILEY GROUP LIMITED

auditor

-

address

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

Bank

-

Legal Advisor

-

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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