QV Realisations Limited
Registered name: QV REALISATIONS LIMITED
Part of A H Worth and Company Limited groupQV Realisations Limited made £79.7m revenue and a £6.6m loss in the year to 31 May 2023.
QV Realisations Limited’s revenue grew 7% to £79.7m in the year to 31 May 2023, with a loss of £6.6m and 304 employees. The company is classified under “other processing and preserving of fruit and vegetables” and is based in Birmingham; we hold 2 years of its filed accounts.
- Status
- Liquidation
- Location
- Birmingham, West Midlands
- Age
- 38 yrs · since 1988
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 May 2022 | 31 May 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £74.6m | £79.7m |
| Cost of sales | £56.8m | £64.7m |
| Gross profit | £17.9m | £15m |
| Operating profit | −£1.7m | −£6.8m |
| Profit before tax | −£1.8m | −£7m |
| Profit after tax | −£1.9m | −£6.6m |
| Profit (best available) | −£1.9m | −£6.6m |
| Staff costs | £13.7m | £13.7m |
| Employees (average) | 345 | 304 |
| Ratios | ||
| Profit margin | −2.6% | −8.3% |
| Gross margin | 23.9% | 18.8% |
| Revenue per employee | £216k | £262k |
| Profit per employee | −£5.6k | −£21.7k |
| Growth (year on year) | ||
| Revenue growth | — | ▲6.7% |
| Headcount growth | — | ▼11.9% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £862k | £106k |
| Net assets | £5.1m | −£1.5m |
| Fixed assets | £7.6m | £7.6m |
| Current assets | £15.7m | £14.2m |
| Debtors | £8.6m | £8.8m |
| Deferred income | £2m | £1.7m |
| Source | Accounts · bulk data Feb 2024 | Accounts · bulk data Feb 2024 |
How the business works
- Profit margin
- −8.3%
- Profit ÷ revenue.
- Gross margin
- 18.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £262k
- Revenue ÷ average employees.
- Profit per employee
- −£21.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 9.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 11.1%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▼130%
- Now −£1.5m
- Cash at bank
- ▼88%
- Now £106k
- Headcount
- ▼12%
- Now 304
- Deferred income
- ▼13%
- Now £1.7m
- Fixed assets
- ▼1%
- Now £7.6m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- A H Worth and Company Limitedultimate parent75–100%
- Ahw (Property) Co Limited75–100%
- Ahw (Operating) Co Limited75–100%
- QV Realisations Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Worth Farms LimitedRev. £7m · Profit £357k
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
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Sources
Latest figures from accounts for the year to 31 May 2023 (profit −£6.6m), from the Companies House accounts bulk data published Feb 2024. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.