QUARTZELEC LTD

1. QUARTZELEC LTD 2007-11-26 → present
2. CEGELEC LTD 2001-07-13 → 2007-11-26
3. ALSTOM MAINTENANCE & SERVICES LIMITED 2000-05-22 → 2001-07-13
4. ALSTOM ELECTRICAL SERVICES LTD 1998-06-22 → 2000-05-22
5. GEC ALSTHOM ELECTRICAL SERVICES LIMITED 1993-09-08 → 1998-06-22
6. MAGNET ELECTRICAL REPAIRS LIMITED 1989-07-01 → 1993-09-08
7. SARKEY LIMITED 1989-03-22 → 1989-07-01

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Magma Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors believe that it is appropriate to prepare the financial statements on a going concern basis.”

Group structure

1. QUARTZELEC LTD · parent
   1. Quartzteam Ltd 100% · UK · Dormant
   2. Quartzelec Pension Trustees Limited 100% · UK · Corporate trustee
   3. Quartzcoil Ltd 100% · UK · Dormant
   4. Quartzteq GmbH 100% · Switzerland · Electrical engineering
   5. Quartzelec Sdn. Bhd 100% · Malaysia · Electro-mechanical services
   6. Quartzelec (España), Sociedad Limitada 100% · Spain · Electrical Engineering
   7. Generator Services Company LLC 50% · Oman · Electrical Engineering

Significant events

• “Activity levels continued the increasing trend seen in the prior few years. The company has established a subsidiary in Spain to help further enhance the service offering in the EU market.”
• “Overseas, in the Abu Dhabi branch the new larger workshop opened last year has significantly enhanced the local service capability. Further investment has been made in new workshop equipment to be able to perform more operations in house. The Philippines branch continues to develop its local service offering and client base with some additional personnel recruited during the year to develop the local presence. A new joint venture has been established in Oman although it has not traded during this financial year.”
• “Amounts due from subsidiary companies were written down by £1,167,000 (2024:£187,000) following impairment reviews.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +5.8%

  £88,593,000 → £93,767,000

• Cash

  -10.1%

  £10,061,000 → £9,047,000

• Net assets

  -5.1%

  £19,083,000 → £18,116,000

• Employees

  +6.2%

  593 → 630

• Operating profit

  +13.4%

  £8,264,000 → £9,370,000

• Profit before tax

  +12%

  £9,124,000 → £10,215,000

• Wages

  +6.4%

  £25,642,000 → £27,276,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers