Pomanda estimates the enterprise value of QUALITY PRECISION ELECTRONICS LIMITED at £5.5m based on a Turnover of £6.4m and 0.86x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of QUALITY PRECISION ELECTRONICS LIMITED at £958.4k based on an EBITDA of £192.7k and a 4.97x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of QUALITY PRECISION ELECTRONICS LIMITED at £3m based on Net Assets of £1.7m and 1.82x industry multiple (adjusted for liquidity).
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Quality Precision Electronics LimitedOverview
Quality Precision Electronics Limited is a live company located in glasgow, G2 5SG with a Companies House number of SC081896. It operates in the manufacture of loaded electronic boards sector, SIC Code 26120. Founded in February 1983, it's largest shareholder is
quality precision electronics (holdings) ltd
with a 100% stake. Quality Precision Electronics Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£6.4m with
healthy
growth in recent years.
Quality Precision Electronics Limited Health Check
Pomanda's financial health check has awarded Quality Precision Electronics Limited 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 Rating2out of 5
2 Strong
3 Regular
6 Weak
Size
annual sales of £6.4m, make it smaller than the average company (£15.9m)
£6.4m - Quality Precision Electronics Limited
£15.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (0.2%)
6% - Quality Precision Electronics Limited
0.2% - Industry AVG
Production
with a gross margin of 23.7%, this company has a comparable cost of product (27.8%)
23.7% - Quality Precision Electronics Limited
27.8% - Industry AVG
Profitability
an operating margin of 0.9% make it less profitable than the average company (6.9%)
0.9% - Quality Precision Electronics Limited
6.9% - Industry AVG
Employees
with 48 employees, this is below the industry average (85)
48 - Quality Precision Electronics Limited
85 - Industry AVG
Pay Structure
on an average salary of £32.7k, the company has an equivalent pay structure (£32.7k)
£32.7k - Quality Precision Electronics Limited
£32.7k - Industry AVG
Efficiency
resulting in sales per employee of £134.3k, this is equally as efficient (£137.3k)
£134.3k - Quality Precision Electronics Limited
£137.3k - Industry AVG
Debtor Days
it gets paid by customers after 103 days, this is later than average (80 days)
103 days - Quality Precision Electronics Limited
80 days - Industry AVG
Creditor Days
its suppliers are paid after 254 days, this is slower than average (84 days)
254 days - Quality Precision Electronics Limited
84 days - Industry AVG
Stock Days
it holds stock equivalent to 249 days, this is more than average (174 days)
249 days - Quality Precision Electronics Limited
174 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Quality Precision Electronics Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.9%, this is a higher level of debt than the average (44.5%)
72.9% - Quality Precision Electronics Limited
44.5% - Industry AVG
QUALITY PRECISION ELECTRONICS LIMITED financials
EXPORT
Quality Precision Electronics Limited's latest turnover from March 2023 is estimated at £6.4 million and the company has net assets of £1.7 million. According to their latest financial statements, Quality Precision Electronics Limited has 48 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
6,445,849
6,539,943
5,673,987
5,412,841
6,574,213
5,621,788
5,004,900
4,329,167
4,950,422
7,123,022
5,113,227
3,142,503
2,978,599
1,065,269
Other Income Or Grants
Cost Of Sales
4,920,670
5,006,169
4,420,087
4,198,932
5,006,586
4,323,972
3,924,239
3,226,876
3,792,272
5,530,608
3,839,801
2,409,457
2,225,782
818,368
Gross Profit
1,525,178
1,533,773
1,253,900
1,213,908
1,567,627
1,297,816
1,080,661
1,102,291
1,158,150
1,592,414
1,273,426
733,046
752,817
246,901
Admin Expenses
1,465,951
1,512,083
1,092,380
1,188,290
1,416,986
1,731,354
1,385,504
1,700,947
398,495
1,006,475
528,090
-15,134
691,984
-396,648
Operating Profit
59,227
21,690
161,520
25,618
150,641
-433,538
-304,843
-598,656
759,655
585,939
745,336
748,180
60,833
643,549
Interest Payable
11,519
26,704
13,441
4,185
4,353
665
2,978
2,312
Interest Receivable
69
69
580
1,620
741
249
637
665
444
416
Pre-Tax Profit
59,227
21,690
161,589
14,168
124,517
-445,359
-308,287
-602,760
758,990
582,961
743,661
748,845
61,276
643,965
Tax
-11,253
-4,121
-30,702
-2,692
-23,658
-159,388
-134,081
-178,479
-194,700
-17,157
-180,310
Profit After Tax
47,974
17,569
130,887
11,476
100,859
-445,359
-308,287
-602,760
599,602
448,880
565,182
554,145
44,119
463,655
Dividends Paid
Retained Profit
47,974
17,569
130,887
11,476
100,859
-445,359
-308,287
-602,760
599,602
448,880
565,182
554,145
44,119
463,655
Employee Costs
1,571,266
1,610,015
1,484,992
1,374,065
1,338,166
1,354,381
1,317,259
1,283,528
823,624
1,149,415
670,574
339,976
383,500
152,060
Number Of Employees
48
48
48
45
46
46
48
47
30
43
24
13
15
6
EBITDA*
192,748
128,611
270,776
164,971
305,129
-256,413
-9,897
-206,254
1,044,029
835,124
988,675
898,586
163,545
751,403
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
993,556
991,617
1,435,506
1,472,827
1,230,330
1,147,137
1,276,858
1,235,162
888,540
1,033,695
914,842
922,783
611,658
404,850
Intangible Assets
41,879
117,425
218,117
151,292
94,365
67,618
137,045
130,768
Investments & Other
Debtors (Due After 1 year)
572,855
Total Fixed Assets
993,556
991,617
1,435,506
2,045,682
1,230,330
1,147,137
1,318,737
1,352,587
1,106,657
1,184,987
1,009,207
990,401
748,703
535,618
Stock & work in progress
3,359,790
2,916,004
2,185,887
1,840,384
1,639,286
2,027,438
799,476
1,517,703
2,844,062
1,984,954
1,730,167
1,082,067
856,247
257,719
Trade Debtors
1,819,798
1,805,374
1,410,704
1,113,353
2,607,956
1,405,390
1,607,019
1,375,058
1,073,431
1,889,247
1,161,751
721,522
768,471
255,235
Group Debtors
Misc Debtors
117,273
Cash
137,172
154,715
493,453
99,483
4
254,783
11,058
166,424
misc current assets
6,083
total current assets
5,179,588
4,721,378
3,596,591
3,090,909
4,247,242
3,587,543
2,899,948
3,109,517
3,917,493
3,874,201
2,891,922
2,058,372
1,635,776
685,461
total assets
6,173,144
5,712,995
5,032,097
5,136,591
5,477,572
4,734,680
4,218,685
4,462,104
5,024,150
5,059,188
3,901,129
3,048,773
2,384,479
1,221,079
Bank overdraft
36,302
Bank loan
282,200
346,200
Trade Creditors
3,436,629
3,552,533
2,364,720
2,871,751
3,385,592
2,651,648
2,270,628
930,754
1,953,938
2,435,676
1,806,069
1,418,304
1,451,953
467,252
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
1,084,476
total current liabilities
3,436,629
3,552,533
2,364,720
2,871,751
3,667,792
2,997,848
2,270,628
2,051,532
1,953,938
2,435,676
1,806,069
1,418,304
1,451,953
467,252
loans
95,459
67,370
97,626
20,476
71,152
hp & lease commitments
Accruals and Deferred Income
28,000
42,000
56,000
70,000
70,000
other liabilities
1,063,488
535,409
1,059,893
788,243
249,200
305,200
117,157
142,987
273,310
353,412
233,207
228,953
154,842
93,284
provisions
21,279
54,811
50,994
89,318
65,276
90,812
48,031
28,279
total long term liabilities
1,063,488
535,409
1,059,893
788,243
344,659
372,570
138,436
295,424
352,304
505,206
425,635
389,765
202,873
191,563
total liabilities
4,500,117
4,087,942
3,424,613
3,659,994
4,012,451
3,370,418
2,409,064
2,346,956
2,306,242
2,940,882
2,231,704
1,808,069
1,654,826
658,815
net assets
1,673,027
1,625,053
1,607,484
1,476,597
1,465,121
1,364,262
1,809,621
2,115,148
2,717,908
2,118,306
1,669,425
1,240,704
729,653
562,264
total shareholders funds
1,673,027
1,625,053
1,607,484
1,476,597
1,465,121
1,364,262
1,809,621
2,115,148
2,717,908
2,118,306
1,669,425
1,240,704
729,653
562,264
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
59,227
21,690
161,520
25,618
150,641
-433,538
-304,843
-598,656
759,655
585,939
745,336
748,180
60,833
643,549
Depreciation
133,521
106,921
109,256
139,353
154,488
135,246
219,400
291,710
225,561
205,112
194,647
80,979
52,211
87,118
Amortisation
41,879
75,546
100,692
58,813
44,073
48,692
69,427
50,501
20,736
Tax
-11,253
-4,121
-30,702
-2,692
-23,658
-159,388
-134,081
-178,479
-194,700
-17,157
-180,310
Stock
443,786
730,117
345,503
201,098
-388,152
1,227,962
-718,227
-1,326,359
859,108
254,787
648,100
225,820
598,528
257,719
Debtors
14,424
394,670
-275,504
-921,748
1,202,566
-201,629
114,688
418,900
-815,816
727,496
440,229
-46,949
513,236
255,235
Creditors
-115,904
1,187,813
-507,031
-513,841
733,944
381,020
1,339,874
-1,023,184
-481,738
629,607
387,765
-33,649
984,701
467,252
Accruals and Deferred Income
-1,084,476
1,056,476
-14,000
-14,000
-14,000
70,000
-70,000
70,000
Deferred Taxes & Provisions
-21,279
-33,532
3,817
-38,324
24,042
-25,536
42,781
19,752
28,279
Cash flow from operations
-392,619
187,516
-336,956
369,088
201,001
-923,005
815,508
738,314
307,287
358,409
70,096
604,147
-30,923
623,670
Investing Activities
capital expenditure
-135,460
336,968
-71,935
-381,850
-237,681
-5,525
-261,096
-638,332
-206,044
-424,965
-262,145
-392,104
-315,797
-643,472
Change in Investments
cash flow from investments
-135,460
336,968
-71,935
-381,850
-237,681
-5,525
-261,096
-638,332
-206,044
-424,965
-262,145
-392,104
-315,797
-643,472
Financing Activities
Bank loans
-282,200
-64,000
346,200
Group/Directors Accounts
Other Short Term Loans
Long term loans
-95,459
28,089
67,370
-97,626
97,626
-20,476
-50,676
71,152
Hire Purchase and Lease Commitments
other long term liabilities
528,079
-524,484
271,650
539,043
-56,000
188,043
-25,830
-130,323
-80,102
120,205
4,254
74,111
61,558
93,284
share issue
2,760
1
-136,461
-43,094
123,270
98,609
interest
69
-11,450
-26,124
-11,821
-3,444
-4,104
-665
-2,978
-1,675
665
444
416
cash flow from financing
528,079
-524,484
271,719
149,934
-118,035
589,792
-124,140
-36,801
-101,243
66,552
-62,730
31,682
185,272
192,309
cash and cash equivalents
cash
-137,172
137,172
-154,715
-338,738
393,970
99,483
-4
-254,779
243,725
-155,366
166,424
overdraft
-36,302
36,302
change in cash
-137,172
137,172
-154,715
-338,738
430,272
63,181
-4
-254,779
243,725
-155,366
166,424
quality precision electronics limited 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 precision electronics limited Ownership
QUALITY PRECISION ELECTRONICS LIMITED group structure
Quality Precision Electronics Limited has no subsidiary companies.
The sole shareholder of Quality Precision Electronics Limited is Quality Precision Electronics (Holdings) Ltd.
quality precision electronics (holdings) ltd
100%
quality precision electronics limited directors
Quality Precision Electronics Limited currently has 2 directors.
The longest serving directors include
Mr James Bruce (Jul 2010) and
Mr Russell Dillon (Dec 2017).
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 8 charges/mortgages relating to quality precision electronics limited. Currently there are 4 open charges and 4 have been satisfied in the past.
quality precision electronics limited Capital Raised & Share Issues BETA
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quality precision electronics limitedCompanies House Filings - See Documents
