quality air conditioning & refrigeration ltd
quality air conditioning & refrigeration ltd Company Information
Company Number
11055700
Next Accounts
Jul 2025
Shareholders
glen edward byron
quality air uk ltd
View AllGroup Structure
View All
Industry
Plumbing, heat and air-conditioning installation
Registered Address
9 grange way business park, grange way, colchester, essex, CO2 8HF
Website
www.qualityac.co.ukquality air conditioning & refrigeration ltd Estimated Valuation
Pomanda estimates the enterprise value of QUALITY AIR CONDITIONING & REFRIGERATION LTD at £2m based on a Turnover of £3.7m and 0.55x industry multiple (adjusted for size and gross margin).
quality air conditioning & refrigeration ltd Estimated Valuation
Pomanda estimates the enterprise value of QUALITY AIR CONDITIONING & REFRIGERATION LTD at £585.5k based on an EBITDA of £126.7k and a 4.62x industry multiple (adjusted for size and gross margin).
quality air conditioning & refrigeration ltd Estimated Valuation
Pomanda estimates the enterprise value of QUALITY AIR CONDITIONING & REFRIGERATION LTD at £1.8m based on Net Assets of £649.3k and 2.83x industry multiple (adjusted for liquidity).
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Quality Air Conditioning & Refrigeration Ltd Overview
Quality Air Conditioning & Refrigeration Ltd is a live company located in colchester, CO2 8HF with a Companies House number of 11055700. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in November 2017, it's largest shareholder is glen edward byron with a 47.6% stake. Quality Air Conditioning & Refrigeration Ltd is a young, small sized company, Pomanda has estimated its turnover at £3.7m with low growth in recent years.
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Quality Air Conditioning & Refrigeration Ltd Health Check
Pomanda's financial health check has awarded Quality Air Conditioning & Refrigeration Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £3.7m, make it larger than the average company (£371.7k)
- Quality Air Conditioning & Refrigeration Ltd
£371.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (8.9%)
- Quality Air Conditioning & Refrigeration Ltd
8.9% - Industry AVG
Production
with a gross margin of 29%, this company has a comparable cost of product (29%)
- Quality Air Conditioning & Refrigeration Ltd
29% - Industry AVG
Profitability
an operating margin of 2.1% make it less profitable than the average company (5.6%)
- Quality Air Conditioning & Refrigeration Ltd
5.6% - Industry AVG
Employees
with 16 employees, this is above the industry average (4)
16 - Quality Air Conditioning & Refrigeration Ltd
4 - Industry AVG
Pay Structure
on an average salary of £32.4k, the company has an equivalent pay structure (£32.4k)
- Quality Air Conditioning & Refrigeration Ltd
£32.4k - Industry AVG
Efficiency
resulting in sales per employee of £232.2k, this is more efficient (£118.1k)
- Quality Air Conditioning & Refrigeration Ltd
£118.1k - Industry AVG
Debtor Days
it gets paid by customers after 106 days, this is later than average (55 days)
- Quality Air Conditioning & Refrigeration Ltd
55 days - Industry AVG
Creditor Days
its suppliers are paid after 43 days, this is close to average (46 days)
- Quality Air Conditioning & Refrigeration Ltd
46 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (12 days)
- Quality Air Conditioning & Refrigeration Ltd
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (20 weeks)
8 weeks - Quality Air Conditioning & Refrigeration Ltd
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.2%, this is a lower level of debt than the average (62.5%)
52.2% - Quality Air Conditioning & Refrigeration Ltd
62.5% - Industry AVG
QUALITY AIR CONDITIONING & REFRIGERATION LTD financials
Quality Air Conditioning & Refrigeration Ltd's latest turnover from October 2023 is estimated at £3.7 million and the company has net assets of £649.3 thousand. According to their latest financial statements, Quality Air Conditioning & Refrigeration Ltd has 16 employees and maintains cash reserves of £92.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Nov 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 | 16 | 14 | 14 | 12 | 11 | 8 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Nov 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 148,011 | 58,458 | 83,111 | 69,968 | 73,250 | 42,387 |
| Intangible Assets | ||||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 148,011 | 58,458 | 83,111 | 69,968 | 73,250 | 42,387 |
| Stock & work in progress | 15,000 | 15,000 | 12,000 | 10,000 | 10,000 | 196,263 |
| Trade Debtors | 1,079,995 | 683,339 | 929,794 | 951,196 | 419,769 | 265,233 |
| Group Debtors | 3,137 | 3,137 | ||||
| Misc Debtors | 20,628 | 2,522 | 110,546 | 2,470 | 46,558 | 62,885 |
| Cash | 92,899 | 400,180 | 266,803 | 86,685 | 129,345 | 53,842 |
| misc current assets | ||||||
| total current assets | 1,211,659 | 1,104,178 | 1,319,143 | 1,050,351 | 605,672 | 578,223 |
| total assets | 1,359,670 | 1,162,636 | 1,402,254 | 1,120,319 | 678,922 | 620,610 |
| Bank overdraft | ||||||
| Bank loan | 42,610 | 42,727 | 42,727 | |||
| Trade Creditors | 314,653 | 238,090 | 472,872 | 284,191 | 158,258 | 155,076 |
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 227,473 | 161,894 | 125,204 | 81,936 | 59,915 | 75,227 |
| total current liabilities | 584,736 | 442,711 | 640,803 | 366,127 | 218,173 | 230,303 |
| loans | 12,488 | 113,956 | 156,667 | 235,000 | ||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | 85,310 | 4,459 | 46,550 | 185,805 | 224,793 | 312,502 |
| provisions | 27,822 | 11,004 | 15,666 | 12,495 | 12,943 | 6,865 |
| total long term liabilities | 125,620 | 129,419 | 218,883 | 433,300 | 237,736 | 319,367 |
| total liabilities | 710,356 | 572,130 | 859,686 | 799,427 | 455,909 | 549,670 |
| net assets | 649,314 | 590,506 | 542,568 | 320,892 | 223,013 | 70,940 |
| total shareholders funds | 649,314 | 590,506 | 542,568 | 320,892 | 223,013 | 70,940 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Nov 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 49,336 | 22,689 | 27,706 | 23,323 | 24,417 | 1,260 |
| Amortisation | ||||||
| Tax | ||||||
| Stock | 3,000 | 2,000 | -186,263 | 196,263 | ||
| Debtors | 414,762 | -351,342 | 86,674 | 487,339 | 138,209 | 328,118 |
| Creditors | 76,563 | -234,782 | 188,681 | 125,933 | 3,182 | 155,076 |
| Accruals and Deferred Income | 65,579 | 36,690 | 43,268 | 22,021 | -15,312 | 75,227 |
| Deferred Taxes & Provisions | 16,818 | -4,662 | 3,171 | -448 | 6,078 | 6,865 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | -117 | 42,727 | ||||
| Group/Directors Accounts | ||||||
| Other Short Term Loans | ||||||
| Long term loans | -101,468 | -42,711 | -78,333 | 235,000 | ||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | 80,851 | -42,091 | -139,255 | -38,988 | -87,709 | 312,502 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -307,281 | 133,377 | 180,118 | -42,660 | 75,503 | 53,842 |
| overdraft | ||||||
| change in cash | -307,281 | 133,377 | 180,118 | -42,660 | 75,503 | 53,842 |
quality air conditioning & refrigeration ltd Credit Report and Business Information
Quality Air Conditioning & Refrigeration Ltd Competitor Analysis
Perform a competitor analysis for quality air conditioning & refrigeration ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in CO2 area or any other competitors across 12 key performance metrics.
quality air conditioning & refrigeration ltd Ownership
QUALITY AIR CONDITIONING & REFRIGERATION LTD group structure
Quality Air Conditioning & Refrigeration Ltd has no subsidiary companies.
Ultimate parent company
QUALITY AIR CONDITIONING & REFRIGERATION LTD
11055700
quality air conditioning & refrigeration ltd directors
Quality Air Conditioning & Refrigeration Ltd currently has 4 directors. The longest serving directors include Mr Paul Deasy (Nov 2017) and Mr Glen Byron (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Deasy | United Kingdom | 51 years | Nov 2017 | - | Director |
| Mr Glen Byron | United Kingdom | 52 years | Dec 2019 | - | Director |
| Mr David Newman | United Kingdom | 57 years | Dec 2019 | - | Director |
| Mr Joseph Patient | United Kingdom | 36 years | Dec 2019 | - | Director |
P&L
October 2023turnover
3.7m
+58%
operating profit
77.4k
0%
gross margin
29%
+0.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
649.3k
+0.1%
total assets
1.4m
+0.17%
cash
92.9k
-0.77%
net assets
Total assets minus all liabilities
quality air conditioning & refrigeration ltd company details
company number
11055700
Type
Private limited with Share Capital
industry
43220 - Plumbing, heat and air-conditioning installation
incorporation date
November 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
-
address
9 grange way business park, grange way, colchester, essex, CO2 8HF
Bank
-
Legal Advisor
-
quality air conditioning & refrigeration 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 found 1 charges/mortgages relating to quality air conditioning & refrigeration ltd. Currently there are 0 open charges and 1 have been satisfied in the past.
quality air conditioning & refrigeration 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.
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quality air conditioning & refrigeration ltd Companies House Filings - See Documents
| date | description | view/download |
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