# QUALMET ENGINEERING & DESIGN (QED) LTD (NI618438)

> QUALMET ENGINEERING & DESIGN (QED) LTD is an active private limited company (company number NI618438) incorporated on 16 May 2013, registered in Hillsborough. Its registered activity is manufacture of other fabricated metal products n.e.c. (SIC 25990). Latest small accounts cover the period ending 31 May 2025, showing net assets of £1.09m and cash of £763k, with 18 employees on average. Net assets fell 4% on the prior period (£1.13m).

- Status: Active
- Incorporated: 2013-05-16
- Registered office: Hillsborough, BT26 6RL
- SIC 25990: Manufacture of other fabricated metal products n.e.c.
- Next accounts due: 2027-02-28
- Confirmation statement due: 2027-05-30
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the top quarter of 148 comparable companies in Belfast (median £53k, upper quartile £392k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-05-31 | £1.09m | £763k | £327k | £280k | — | — | 18 |
| 2024-05-31 | £1.13m | £1.02m | £339k | £505k | — | — | 18 |

current ratio 4.11; size band small.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £1,088,422 at 31 May 2025
- Current assets at least 1.5× creditors within one year: Current ratio 4.11
- Cash at bank of £50,000 or more: Cash £763,441
- Incorporated five or more years ago: Incorporated 16 May 2013

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Philip Mclean — owns 75–100% of shares, since 2017-05-16

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/NI618438
HTML: https://firmoscan.com/company/NI618438-qualmet-engineering-design-qed-ltd