QG CONSTRUCTION UK LIMITED

1. QG CONSTRUCTION UK LIMITED 2017-11-20 → present
2. QUEIROZ GALVAO CONSTRUCTIONS UK LTD 2016-06-16 → 2017-11-20

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

Consolidated group

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. Furthermore, the parent company QGMI Construcciones e Infraestructuras Globales S.L.U has also confirmed it will support the cash flow requirement of the Company.”

Group structure

1. QG CONSTRUCTION UK LIMITED · parent
   1. QGMI Construction et Infrastructure SARLU 100% · Ivory Coast

Significant events

• “Phase II of the Obetsebi Lamptey project: the Company had no alternative other than formally suspending the execution of the works in March 2023. However, given the recent developments... the Company has decided to resume the construction works of the project.”
• “Bolgatanga-Bawku-Pulmakom: The project works have been temporally suspended due to the unilateral moratorium announcement by the Ministry of Finance of Ghana, in December 2022.”
• “On April 3, 2024, the Ministry of Construction, Housing and Urban Planning of Côte d'Ivoire notified the Company of the termination of its Contract "Wastewater Treatment Plant Project in Abidjan", whereby the Company has no contractual obligations with the Ministry.”

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

Filings

5

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

  +383.2%

  £5,070,954 → £24,500,928

• Cash

  -95.6%

  £11,576,277 → £513,625

• Net assets

  +8.5%

  £10,791,068 → £11,708,427

• Employees

  -46.9%

  531 → 282

• Operating profit

  +274.7%

  £2,864,893 → £10,733,999

• Profit before tax

  +457.1%

  £1,825,774 → £10,171,567

• Wages

  -6.5%

  £3,669,851 → £3,429,783

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