qr development ltd
qr development ltd Company Information
Company Number
12645254
Website
-Registered Address
4 bedlam mews, london, SE11 6DF
Industry
Development of building projects
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Directors
Cumhur Kantarci4 Years
Shareholders
knt development ltd 100%
qr development ltd Estimated Valuation
Pomanda estimates the enterprise value of QR DEVELOPMENT LTD at £277.8k based on a Turnover of £524.5k and 0.53x industry multiple (adjusted for size and gross margin).
qr development ltd Estimated Valuation
Pomanda estimates the enterprise value of QR DEVELOPMENT LTD at £0 based on an EBITDA of £-109.6k and a 3.96x industry multiple (adjusted for size and gross margin).
qr development ltd Estimated Valuation
Pomanda estimates the enterprise value of QR DEVELOPMENT LTD at £0 based on Net Assets of £-158.2k and 1.34x industry multiple (adjusted for liquidity).
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Qr Development Ltd Overview
Qr Development Ltd is a live company located in london, SE11 6DF with a Companies House number of 12645254. It operates in the development of building projects sector, SIC Code 41100. Founded in June 2020, it's largest shareholder is knt development ltd with a 100% stake. Qr Development Ltd is a startup, small sized company, Pomanda has estimated its turnover at £524.5k with unknown growth in recent years.
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Qr Development Ltd Health Check
Pomanda's financial health check has awarded Qr Development Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs
0 Strong
3 Regular
7 Weak
Size
annual sales of £524.5k, make it smaller than the average company (£2.1m)
- Qr Development Ltd
£2.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Qr Development Ltd
- - Industry AVG
Production
with a gross margin of 25.7%, this company has a comparable cost of product (25.7%)
- Qr Development Ltd
25.7% - Industry AVG
Profitability
an operating margin of -20.9% make it less profitable than the average company (8.7%)
- Qr Development Ltd
8.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
- Qr Development Ltd
6 - Industry AVG
Pay Structure
on an average salary of £46.9k, the company has an equivalent pay structure (£46.9k)
- Qr Development Ltd
£46.9k - Industry AVG
Efficiency
resulting in sales per employee of £262.2k, this is equally as efficient (£278.5k)
- Qr Development Ltd
£278.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Qr Development Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (31 days)
- Qr Development Ltd
31 days - Industry AVG
Stock Days
it holds stock equivalent to 1247 days, this is more than average (185 days)
- Qr Development Ltd
185 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Qr Development Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 111.5%, this is a higher level of debt than the average (74.8%)
111.5% - Qr Development Ltd
74.8% - Industry AVG
QR DEVELOPMENT LTD financials
Qr Development Ltd's latest turnover from March 2023 is estimated at £524.5 thousand and the company has net assets of -£158.2 thousand. According to their latest financial statements, we estimate that Qr Development Ltd has 2 employees and maintains cash reserves of £324 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|
| 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 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|
| Tangible Assets | 0 | 1,332,016 | 1,312,016 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 1,332,016 | 1,312,016 |
| Stock & work in progress | 1,332,016 | 0 | 0 |
| Trade Debtors | 0 | 0 | 5,000 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 45,393 | 0 | 0 |
| Cash | 324 | 940 | 269,580 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 1,377,733 | 940 | 274,580 |
| total assets | 1,377,733 | 1,332,956 | 1,586,596 |
| Bank overdraft | 700,000 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 182 | 1,200 | 0 |
| Group/Directors Accounts | 0 | 0 | 966,516 |
| other short term finances | 0 | 0 | 620,000 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 835,721 | 1,344,516 | 1,200 |
| total current liabilities | 1,535,903 | 1,345,716 | 1,587,716 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 |
| total liabilities | 1,535,903 | 1,345,716 | 1,587,716 |
| net assets | -158,170 | -12,760 | -1,120 |
| total shareholders funds | -158,170 | -12,760 | -1,120 |
| Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 0 | 0 | |
| Amortisation | 0 | 0 | 0 |
| Tax | |||
| Stock | 1,332,016 | 0 | 0 |
| Debtors | 45,393 | -5,000 | 5,000 |
| Creditors | -1,018 | 1,200 | 0 |
| Accruals and Deferred Income | -508,795 | 1,343,316 | 1,200 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -966,516 | 966,516 |
| Other Short Term Loans | 0 | -620,000 | 620,000 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | -616 | -268,640 | 269,580 |
| overdraft | 700,000 | 0 | 0 |
| change in cash | -700,616 | -268,640 | 269,580 |
qr development ltd Credit Report and Business Information
Qr Development Ltd Competitor Analysis
Perform a competitor analysis for qr development ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in SE11 area or any other competitors across 12 key performance metrics.
qr development ltd Ownership
QR DEVELOPMENT LTD group structure
Qr Development Ltd has no subsidiary companies.
Ultimate parent company
2 parents
QR DEVELOPMENT LTD
12645254
qr development ltd directors
Qr Development Ltd currently has 1 director, Mr Cumhur Kantarci serving since Jun 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Cumhur Kantarci | England | 48 years | Jun 2020 | - | Director |
P&L
March 2023turnover
524.5k
+341%
operating profit
-109.6k
0%
gross margin
25.8%
+8.47%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-158.2k
+11.4%
total assets
1.4m
+0.03%
cash
324
-0.66%
net assets
Total assets minus all liabilities
Similar Companies
qr development ltd company details
company number
12645254
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
June 2020
age
4
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
4 bedlam mews, london, SE11 6DF
accountant
ROCK TAX & ACCOUNTING
auditor
-
qr development 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 4 charges/mortgages relating to qr development ltd. Currently there are 4 open charges and 0 have been satisfied in the past.
qr development ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
