project quality engineering solutions limited
project quality engineering solutions limited Company Information
Company Number
10587142
Website
-Registered Address
kingsnorth house blenheim way, birmingham, west midlands, B44 8LS
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Telephone
-
Next Accounts Due
December 2025
Group Structure
View All
Directors
Barry Ainsbury7 Years
Shareholders
barry ainsbury 100%
project quality engineering solutions limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT QUALITY ENGINEERING SOLUTIONS LIMITED at £79.2k based on a Turnover of £209.5k and 0.38x industry multiple (adjusted for size and gross margin).
project quality engineering solutions limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT QUALITY ENGINEERING SOLUTIONS LIMITED at £0 based on an EBITDA of £-2.7k and a 3.08x industry multiple (adjusted for size and gross margin).
project quality engineering solutions limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT QUALITY ENGINEERING SOLUTIONS LIMITED at £195.1k based on Net Assets of £86k and 2.27x industry multiple (adjusted for liquidity).
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Project Quality Engineering Solutions Limited Overview
Project Quality Engineering Solutions Limited is a live company located in west midlands, B44 8LS with a Companies House number of 10587142. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in January 2017, it's largest shareholder is barry ainsbury with a 100% stake. Project Quality Engineering Solutions Limited is a young, micro sized company, Pomanda has estimated its turnover at £209.5k with healthy growth in recent years.
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Project Quality Engineering Solutions Limited Health Check
Pomanda's financial health check has awarded Project Quality Engineering Solutions Limited a 3 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 £209.5k, make it smaller than the average company (£1.4m)
- Project Quality Engineering Solutions Limited
£1.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (7.6%)
- Project Quality Engineering Solutions Limited
7.6% - Industry AVG
Production
with a gross margin of 24.8%, this company has a higher cost of product (47.9%)
- Project Quality Engineering Solutions Limited
47.9% - Industry AVG
Profitability
an operating margin of -1.3% make it less profitable than the average company (6.3%)
- Project Quality Engineering Solutions Limited
6.3% - Industry AVG
Employees
with 1 employees, this is below the industry average (13)
1 - Project Quality Engineering Solutions Limited
13 - Industry AVG
Pay Structure
on an average salary of £46.1k, the company has an equivalent pay structure (£46.1k)
- Project Quality Engineering Solutions Limited
£46.1k - Industry AVG
Efficiency
resulting in sales per employee of £209.5k, this is more efficient (£110.1k)
- Project Quality Engineering Solutions Limited
£110.1k - Industry AVG
Debtor Days
it gets paid by customers after 178 days, this is later than average (54 days)
- Project Quality Engineering Solutions Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 38 days, this is slower than average (33 days)
- Project Quality Engineering Solutions Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Project Quality Engineering Solutions Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Project Quality Engineering Solutions Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16%, this is a lower level of debt than the average (50%)
16% - Project Quality Engineering Solutions Limited
50% - Industry AVG
PROJECT QUALITY ENGINEERING SOLUTIONS LIMITED financials
Project Quality Engineering Solutions Limited's latest turnover from March 2024 is estimated at £209.5 thousand and the company has net assets of £86 thousand. According to their latest financial statements, Project Quality Engineering Solutions Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 39 | 55 | 36 | 81 | 176 | 466 | 882 |
| 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 | 39 | 55 | 36 | 81 | 176 | 466 | 882 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 102,169 | 117,056 | 117,806 | 84,048 | 80,732 | 70,591 | 43,177 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 240 | 191 | 171 | 240 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 102,409 | 117,247 | 117,977 | 84,288 | 80,732 | 70,591 | 43,177 |
| total assets | 102,448 | 117,302 | 118,013 | 84,369 | 80,908 | 71,057 | 44,059 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 16,432 | 28,623 | 39,445 | 18,560 | 21,590 | 12,247 | 29,327 |
| 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 | 0 | 0 |
| total current liabilities | 16,432 | 28,623 | 39,445 | 18,560 | 21,590 | 12,247 | 29,327 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 16,432 | 28,623 | 39,445 | 18,560 | 21,590 | 12,247 | 29,327 |
| net assets | 86,016 | 88,679 | 78,568 | 65,809 | 59,318 | 58,810 | 14,732 |
| total shareholders funds | 86,016 | 88,679 | 78,568 | 65,809 | 59,318 | 58,810 | 14,732 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | ||||||
| Amortisation | 0 | ||||||
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -14,838 | -730 | 33,689 | 3,556 | 10,141 | 27,414 | 43,177 |
| Creditors | -12,191 | -10,822 | 20,885 | -3,030 | 9,343 | -17,080 | 29,327 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
project quality engineering solutions limited Credit Report and Business Information
Project Quality Engineering Solutions Limited Competitor Analysis
Perform a competitor analysis for project quality engineering solutions limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in B44 area or any other competitors across 12 key performance metrics.
project quality engineering solutions limited Ownership
PROJECT QUALITY ENGINEERING SOLUTIONS LIMITED group structure
Project Quality Engineering Solutions Limited has no subsidiary companies.
Ultimate parent company
PROJECT QUALITY ENGINEERING SOLUTIONS LIMITED
10587142
project quality engineering solutions limited directors
Project Quality Engineering Solutions Limited currently has 1 director, Mr Barry Ainsbury serving since Jan 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Barry Ainsbury | England | 62 years | Jan 2017 | - | Director |
P&L
March 2024turnover
209.5k
-12%
operating profit
-2.7k
0%
gross margin
24.8%
+1.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
86k
-0.03%
total assets
102.4k
-0.13%
cash
0
0%
net assets
Total assets minus all liabilities
project quality engineering solutions limited company details
company number
10587142
Type
Private limited with Share Capital
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
January 2017
age
7
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
March 2024
address
kingsnorth house blenheim way, birmingham, west midlands, B44 8LS
accountant
MALCOLM PIPER & COMPANY LIMITED
auditor
-
project quality engineering solutions 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 did not find charges/mortgages relating to project quality engineering solutions limited.
project quality engineering solutions limited Companies House Filings - See Documents
| date | description | view/download |
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