Q Engineering Ltd

Q Engineering Ltd, based in Basildon, UK, is a small, active company founded just two years ago. It’s a solo founder operation with one director and one employee, holding a real registered address. The company’s turnover is under £10.2 million, balance sheet total is under £5.1 million, and it employs less than 50 people – all qualifying it as a small business.

The company’s website reveals a focus on HVAC supply and installation services in New Zealand. It operates both domestic and commercial divisions, offering everything from heat pumps and radiators to complex AHU and chiller systems. Q Engineering emphasizes quality, family ownership, and a commitment to providing trusted HVAC solutions. They have teams based in Wellington and Auckland, and even offer employment opportunities, encouraging applications via email.

Financially, Q Engineering Ltd’s report shows some interesting trends. Accumulated depreciation has remained constant at £120, and additions to property, plant, and equipment are also steady at £3,300. Cash bank holdings are a healthy £33,000, but creditors have risen slightly to £3,100 within one year. Equity is stable at £32,000. The company’s net assets and liabilities are also consistent, suggesting a stable, if not rapidly growing, business. It's interesting to note the use of a 25 reducing balance depreciation method for computer equipment. The company is exempt from audit, and the financial statements are unaudited.

Overall, Q Engineering Ltd appears to be a financially stable, albeit small, operation. The consistent financial figures, combined with a clear focus on a specialized market (HVAC services in New Zealand), suggest a sustainable business model. The lack of significant growth in assets or profits might indicate a deliberate strategy of controlled expansion, or perhaps a period of consolidation after initial startup challenges.

Registered in England/Wales under the registration number 14753963, with a registered address at SS13 1NQ, England, Basildon, 26 Plumleys, Pitsea.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.