QP Engineering Ltd
Registered name: QP ENGINEERING LTD
QP Engineering Ltd made £151k revenue and £29.1k profit in the year to 31 Mar 2024.
QP Engineering Ltd’s revenue grew 348% to £151k in the year to 31 Mar 2024, with £29.1k profit and 2 employees. The company is classified under “manufacture of other parts and accessories for motor vehicles” and is based in Bournemouth; we hold 3 years of its filed accounts.
- Status
- Active - Proposal to Strike off
- Location
- Bournemouth, South West
- Age
- 12 yrs · since 2014
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £9.1k | £33.8k | £151k |
| Profit after tax | −£37.8k | −£54.1k | £29.1k |
| Profit (best available) | −£37.8k | −£54.1k | £29.1k |
| Staff costs | £44k | £25.1k | £25.1k |
| Employees (average) | — | 2 | 2 |
| Ratios | |||
| Profit margin | −415.8% | −160.3% | 19.2% |
| Revenue per employee | — | £16.9k | £75.7k |
| Profit per employee | — | −£27.1k | £14.5k |
| Growth (year on year) | |||
| Revenue growth | — | ▲270.9% | ▲348.2% |
| Headcount growth | — | — | 0% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | −£40.5k | −£98.6k | −£69.5k |
| Current assets | £43.5k | £10.7k | £909 |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data May 2024 |
How the business works
- Profit margin
- 19.2%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £75.7k
- Revenue ÷ average employees.
- Profit per employee
- £14.5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now −£69.5k
- Cash at bank
- —
- Now —
- Headcount
- 0%
- Now 2
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Similar profitable businesses
- Origin Engineering LtdBournemouth · Manufacture of other parts and accessories for motor vehicles
- Revenue
- £113k
- Profit
- £69k
- Staff
- 1
- North 55 Campers LtdNorth Shields · Manufacture of other parts and accessories for motor vehicles
- Revenue
- £208k
- Profit
- £35.1k
- Staff
- 0
- Chase Lane Plates LtdGloucester · Manufacture of other parts and accessories for motor vehicles
- Revenue
- £352k
- Profit
- £18.1k
- Staff
- 2
Sources
Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £29.1k), from the Companies House accounts bulk data published May 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.