Project Cable

Project Cable is an Australian company that develops and builds custom electrical and telecommunications wiring products (called “harnesses”) for use in information technology, audio/ visual and vehicle electronics.

STAGE:

Successful

OFFER TYPE:

Small Scale Offer (SSO)

INDUSTRY:

Manufacturing

Project Cable

QCC Group develops and builds custom electrical and telecommunications wiring products

QCC is an Australian company that develops and builds custom electrical and telecommunications wiring products (called “harnesses”) for use in information technology, audio/ visual and vehicle electronics. QCC has grown its business over 35 years and has developed a strong list of leading blue-chip customers. QCC has also secured purchase orders and is finalising a supply agreement with a mining vehicle manufacturer resulting in the Company planning to expand its manufacturing capability.

  • Company Status

    • QCC has secured a $600,000 convertible note investment;

    • QCC generated over $4m revenue in 2022FY;

    • QCC has secured purchase orders with a customer that is expected to drive the Company’s growth over the next few years. QCC is finalising a supply agreement with the customer that is expected to generate over $10m in revenue over 3 years;

    • QCC has a preferred supplier agreement with Varley (emergency services vehicle manufacturer);

    • QCC has a strong list of blue-chip customers that have proven and consistent annual expenditure with QCC;

    • QCC has secured a $200,000 debt facility to assist with working capital requirements;

    • QCC has recently moved premises to a larger factory to accommodate growth;

    • QCC grew revenue by 90% in 2022FY from 2021FY. The Company forecasts to grow revenue by a further 59% in the 2023FY due to an increase in the expected work from existing customers;

    • Onshore manufacture prevents supply chain risks;

    • Well established brand with a reputation for quality, innovation and customer service;

    • QCC is investing heavily in recruiting and training its workforce to keep up with the demand for product.

  • Market Impacts

    • Global cable assemblies market demand is anticipated to be valued at US$3.8 Billion in 2022.*

    • Global cable assemblies market forecast to grow at a CAGR of 3.95% to be valued at US$5.6 Billion from 2022 to 2032.*

    * https://www.futuremarketinsights.com/reports/cable-assemblies-market

  • Ask

    QCC is raising up to $800,000 in return for approx. 22% equity in the Company to fund an increase in staff and associated training, production upgrades, sales and marketing process expenditure and working capital. $600,000 has been raised so far. The closing date for this offer is 31 December 2022.

  • Company Financials

    Financial year ending 30 June:

    2022FY (A): Revenue $4.02m, EBITDA ($5.7k);

    2023FY (F)#: Revenue $6.43m, EBITDA $0.36m;

    2024FY (F)#: Revenue $8.48m, EBITDA $1.74m;

    2025FY (F)#: Revenue $10.95m, EBITDA $2.96m.

    # with new funds

Investment Target:

AUD$ 800000

Documents:

Company Information:

Company Name : Project Cargo

Head Quartered : Brisbane, Australia

Website :

Company Overview:

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FTE Employees : TBA

Requirement : Up to AUD$ 800000

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Ready to Invest?

If you’re interested in moving forward with this opportunity, or just wish to learn more before proceeding please contact us now and we will get in touch about taking the next step.

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Philippines Office:

1299 Don Chino Roces Ave, Brgy San Lorenzo, Makati City, Metro Manila 1229

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Australian Office:

Unit 3, 41 Isedale Street, Wooloowin, QLD 4030

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