q.e.d. environmental systems limited
q.e.d. environmental systems limited Company Information
Company Number
01898734
Website
http://www.qedenv.comRegistered Address
unit 3 cyan park, jimmy hill way, coventry, west midlands, CV2 4QP
Industry
Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment
Telephone
03338000088
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
gema switzerland gmbh 100%
q.e.d. environmental systems limited Estimated Valuation
Pomanda estimates the enterprise value of Q.E.D. ENVIRONMENTAL SYSTEMS LIMITED at £11.6m based on a Turnover of £9.6m and 1.21x industry multiple (adjusted for size and gross margin).
q.e.d. environmental systems limited Estimated Valuation
Pomanda estimates the enterprise value of Q.E.D. ENVIRONMENTAL SYSTEMS LIMITED at £18.6m based on an EBITDA of £2.3m and a 8.02x industry multiple (adjusted for size and gross margin).
q.e.d. environmental systems limited Estimated Valuation
Pomanda estimates the enterprise value of Q.E.D. ENVIRONMENTAL SYSTEMS LIMITED at £28.6m based on Net Assets of £10.9m and 2.64x industry multiple (adjusted for liquidity).
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Q.e.d. Environmental Systems Limited Overview
Q.e.d. Environmental Systems Limited is a live company located in coventry, CV2 4QP with a Companies House number of 01898734. It operates in the manufacture of electronic measuring, testing etc. equipment, not for industrial process control sector, SIC Code 26511. Founded in March 1985, it's largest shareholder is gema switzerland gmbh with a 100% stake. Q.e.d. Environmental Systems Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.6m with declining growth in recent years.
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Q.e.d. Environmental Systems Limited Health Check
Pomanda's financial health check has awarded Q.E.D. Environmental Systems Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
5 Regular
4 Weak
Size
annual sales of £9.6m, make it in line with the average company (£11.4m)
£9.6m - Q.e.d. Environmental Systems Limited
£11.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (3.7%)
-3% - Q.e.d. Environmental Systems Limited
3.7% - Industry AVG
Production
with a gross margin of 57.1%, this company has a lower cost of product (41.1%)
57.1% - Q.e.d. Environmental Systems Limited
41.1% - Industry AVG
Profitability
an operating margin of 16.2% make it more profitable than the average company (8.3%)
16.2% - Q.e.d. Environmental Systems Limited
8.3% - Industry AVG
Employees
with 53 employees, this is below the industry average (67)
53 - Q.e.d. Environmental Systems Limited
67 - Industry AVG
Pay Structure
on an average salary of £54k, the company has an equivalent pay structure (£52.3k)
£54k - Q.e.d. Environmental Systems Limited
£52.3k - Industry AVG
Efficiency
resulting in sales per employee of £181.4k, this is equally as efficient (£190.2k)
£181.4k - Q.e.d. Environmental Systems Limited
£190.2k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is near the average (52 days)
50 days - Q.e.d. Environmental Systems Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 22 days, this is quicker than average (40 days)
22 days - Q.e.d. Environmental Systems Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 238 days, this is more than average (99 days)
238 days - Q.e.d. Environmental Systems Limited
99 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 24 weeks, this is average cash available to meet short term requirements (24 weeks)
24 weeks - Q.e.d. Environmental Systems Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 11.1%, this is a lower level of debt than the average (38.3%)
11.1% - Q.e.d. Environmental Systems Limited
38.3% - Industry AVG
q.e.d. environmental systems limited Credit Report and Business Information
Q.e.d. Environmental Systems Limited Competitor Analysis
Perform a competitor analysis for q.e.d. environmental systems limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
q.e.d. environmental systems limited Ownership
Q.E.D. ENVIRONMENTAL SYSTEMS LIMITED group structure
Q.E.D. Environmental Systems Limited has no subsidiary companies.
Ultimate parent company
GEMA SWITZERLAND GMBH
#0121036
1 parent
Q.E.D. ENVIRONMENTAL SYSTEMS LIMITED
01898734
q.e.d. environmental systems limited directors
Q.E.D. Environmental Systems Limited currently has 3 directors. The longest serving directors include Mr David Lowe (Jun 2021) and Mr Joseph Humke (Jul 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Lowe | United States | 68 years | Jun 2021 | - | Director |
| Mr Joseph Humke | United States | 54 years | Jul 2021 | - | Director |
| Shannon Quirk | United States | 36 years | Mar 2023 | - | Director |
Q.E.D. ENVIRONMENTAL SYSTEMS LIMITED financials
Q.E.D. Environmental Systems Limited's latest turnover from December 2022 is £9.6 million and the company has net assets of £10.9 million. According to their latest financial statements, Q.E.D. Environmental Systems Limited has 53 employees and maintains cash reserves of £520.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 9,614,941 | 10,987,601 | 9,589,195 | 10,408,844 | 9,412,738 | 6,836,166 | 7,039,219 | 7,016,819 | 6,238,667 | 7,172,020 | 6,227,041 | 5,787,050 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 4,128,608 | 5,075,735 | 4,340,935 | 4,446,045 | 3,850,425 | 2,694,985 | 2,720,113 | 2,739,038 | 2,514,957 | 2,986,939 | 2,863,441 | 2,699,506 | ||
| Gross Profit | 5,486,333 | 5,911,866 | 5,248,260 | 5,962,799 | 5,562,313 | 4,141,181 | 4,319,106 | 4,277,781 | 3,723,710 | 4,185,081 | 3,363,600 | 3,087,544 | ||
| Admin Expenses | 3,927,636 | 4,370,123 | 4,148,412 | 4,607,693 | 3,148,425 | 4,214,926 | 3,251,840 | 3,329,227 | 3,455,822 | 3,211,401 | 2,749,026 | 2,879,677 | ||
| Operating Profit | 1,558,697 | 1,541,743 | 1,099,848 | 1,355,106 | 2,413,888 | -73,745 | 1,067,266 | 948,554 | 267,888 | 973,680 | 614,574 | 207,867 | ||
| Interest Payable | 47,095 | 109,175 | 133,082 | 145,151 | 0 | 0 | 0 | 248 | 15,661 | 408 | 242 | 0 | ||
| Interest Receivable | 314 | 8 | 1,517 | 5,497 | 0 | 23,211 | 5,026 | 11,374 | 18,963 | 19,564 | 9,965 | 7,287 | ||
| Pre-Tax Profit | 1,511,916 | 1,432,576 | 968,283 | 1,215,452 | 2,413,888 | -50,534 | 1,072,292 | 959,680 | 286,610 | 992,836 | 624,238 | 215,154 | ||
| Tax | -278,322 | -246,607 | -236,861 | -278,779 | -409,525 | 118,390 | 0 | 2,312 | 331,760 | -41,230 | -8,668 | 0 | ||
| Profit After Tax | 1,233,594 | 1,185,969 | 731,422 | 936,673 | 2,004,363 | 67,856 | 1,072,292 | 961,992 | 618,370 | 951,606 | 615,570 | 215,154 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 795,914 | 440,503 | 306,185 | 465,607 | 739,427 | 258,065 | 154,560 | ||
| Retained Profit | 1,233,594 | 1,185,969 | 731,422 | 936,673 | 2,004,363 | -728,058 | 631,789 | 655,807 | 152,763 | 212,179 | 357,505 | 60,594 | ||
| Employee Costs | 2,862,740 | 3,080,239 | 2,866,208 | 2,968,072 | 2,700,174 | 2,156,496 | 2,189,147 | 2,071,958 | 2,082,895 | 1,951,231 | 1,806,434 | |||
| Number Of Employees | 53 | 56 | 59 | 58 | 50 | 51 | 52 | 53 | 55 | 54 | 57 | 56 | 54 | 63 |
| EBITDA* | 2,320,498 | 2,311,159 | 1,816,517 | 2,000,390 | 2,501,204 | -28,773 | 1,131,437 | 1,051,203 | 403,772 | 1,115,106 | 751,881 | 365,030 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,249,911 | 4,534,248 | 4,669,358 | 4,777,141 | 4,124,448 | 2,106,610 | 67,723 | 64,105 | 118,994 | 145,569 | 211,351 | 264,764 | 284,286 | 329,584 |
| Intangible Assets | 2,643,500 | 3,095,961 | 3,548,422 | 3,947,312 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 362 | 362 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 6,893,411 | 7,630,209 | 8,217,780 | 8,724,453 | 4,124,448 | 2,106,610 | 67,723 | 64,105 | 118,994 | 145,569 | 211,351 | 264,764 | 284,648 | 329,946 |
| Stock & work in progress | 2,698,318 | 1,791,041 | 1,843,797 | 1,346,316 | 802,522 | 512,159 | 399,463 | 399,906 | 701,181 | 615,376 | 632,609 | 727,706 | 471,258 | 517,717 |
| Trade Debtors | 1,342,008 | 2,283,909 | 2,342,236 | 2,318,325 | 1,294,472 | 1,492,571 | 594,030 | 536,801 | 756,575 | 607,758 | 584,340 | 543,900 | 559,967 | 541,551 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 279,889 | 273,518 | 230,075 | 56,403 | 83,627 | 52,280 |
| Misc Debtors | 761,001 | 497,574 | 72,057 | 182,212 | 300,815 | 697,407 | 187,006 | 574,127 | 543,467 | 452,660 | 484,259 | 203,699 | 287,942 | 285,854 |
| Cash | 520,898 | 909,772 | 1,049,317 | 1,090,450 | 1,380,364 | 1,479,683 | 2,031,595 | 2,292,755 | 2,034,684 | 1,843,376 | 949,727 | 1,426,446 | 1,162,219 | 561,231 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,322,225 | 5,482,296 | 5,307,407 | 4,937,303 | 3,778,173 | 4,181,820 | 3,212,094 | 3,803,589 | 4,315,796 | 3,792,688 | 2,881,010 | 2,958,154 | 2,565,013 | 1,958,633 |
| total assets | 12,215,636 | 13,112,505 | 13,525,187 | 13,661,756 | 7,902,621 | 6,288,430 | 3,279,817 | 3,867,694 | 4,434,790 | 3,938,257 | 3,092,361 | 3,222,918 | 2,849,661 | 2,288,579 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 384,704 | 0 | 7,249 | 9,011 | 0 | 480 | 186 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 254,011 | 434,424 | 500,785 | 522,799 | 217,496 | 237,618 | 159,528 | 208,883 | 200,427 | 273,457 | 225,012 | 364,982 | 353,550 | 264,292 |
| Group/Directors Accounts | 326,292 | 2,051,926 | 3,748,897 | 4,714,542 | 377,958 | 473,375 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 220,231 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 532,149 | 745,910 | 660,368 | 576,501 | 461,284 | 790,320 | 532,022 | 128,797 | 360,995 | 415,972 | 272,566 | 424,927 | 274,801 | 147,956 |
| total current liabilities | 1,112,452 | 3,232,260 | 4,910,050 | 5,813,842 | 1,056,738 | 1,501,313 | 691,550 | 722,384 | 561,422 | 696,678 | 506,589 | 789,909 | 628,831 | 632,665 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 245,078 | 255,733 | 176,594 | 140,793 | 83,682 | 34,830 | 34,830 | 34,830 | 34,830 | 34,830 | 34,830 | 34,830 | 34,830 | 47,650 |
| total long term liabilities | 245,078 | 255,733 | 176,594 | 140,793 | 83,682 | 34,830 | 34,830 | 34,830 | 34,830 | 34,830 | 34,830 | 34,830 | 34,830 | 47,650 |
| total liabilities | 1,357,530 | 3,487,993 | 5,086,644 | 5,954,635 | 1,140,420 | 1,536,143 | 726,380 | 757,214 | 596,252 | 731,508 | 541,419 | 824,739 | 663,661 | 680,315 |
| net assets | 10,858,106 | 9,624,512 | 8,438,543 | 7,707,121 | 6,762,201 | 4,752,287 | 2,553,437 | 3,110,480 | 3,838,538 | 3,206,749 | 2,550,942 | 2,398,179 | 2,186,000 | 1,608,264 |
| total shareholders funds | 10,858,106 | 9,624,512 | 8,438,543 | 7,707,121 | 6,762,201 | 4,752,287 | 2,553,437 | 3,110,480 | 3,838,538 | 3,206,749 | 2,550,942 | 2,398,179 | 2,186,000 | 1,608,264 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,558,697 | 1,541,743 | 1,099,848 | 1,355,106 | 2,413,888 | -73,745 | 1,067,266 | 948,554 | 267,888 | 973,680 | 614,574 | 207,867 | ||
| Depreciation | 309,340 | 316,955 | 317,779 | 266,308 | 87,316 | 34,454 | 47,332 | 44,972 | 64,171 | 102,649 | 135,884 | 141,426 | 137,307 | 157,163 |
| Amortisation | 452,461 | 452,461 | 398,890 | 378,976 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -278,322 | -246,607 | -236,861 | -278,779 | -409,525 | 118,390 | 0 | 2,312 | 331,760 | -41,230 | -8,668 | 0 | ||
| Stock | 907,277 | -52,756 | 497,481 | 543,794 | 290,363 | 112,696 | -443 | -301,275 | 85,805 | -17,233 | -95,097 | 256,448 | -46,459 | 517,717 |
| Debtors | -678,474 | 367,190 | -86,244 | 905,250 | -594,691 | 1,408,942 | -329,892 | -469,003 | 245,995 | 35,262 | 494,672 | -127,534 | 51,851 | 879,685 |
| Creditors | -180,413 | -66,361 | -22,014 | 305,303 | -20,122 | 78,090 | -49,355 | 8,456 | -73,030 | 48,445 | -139,970 | 11,432 | 89,258 | 264,292 |
| Accruals and Deferred Income | -213,761 | 85,542 | 83,867 | 115,217 | -329,036 | 258,298 | 403,225 | -232,198 | -54,977 | 143,406 | -152,361 | 150,126 | 126,845 | 147,956 |
| Deferred Taxes & Provisions | -10,655 | 79,139 | 35,801 | 57,111 | 48,852 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12,820 | 47,650 |
| Cash flow from operations | 1,408,544 | 1,848,438 | 1,266,073 | 750,198 | 2,095,701 | 636,153 | 671,630 | 1,227,337 | 43,626 | 1,106,520 | 941,104 | -572,474 | ||
| Investing Activities | ||||||||||||||
| capital expenditure | 6,878 | -43,111 | -37,136 | -79,081 | -109,610 | -73,038 | -195,255 | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -362 | 0 | 362 |
| cash flow from investments | 6,878 | -43,111 | -37,136 | -79,081 | -109,248 | -73,038 | -195,617 | |||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1,725,634 | -1,696,971 | -965,645 | 4,336,584 | -95,417 | 473,375 | 0 | 0 | 0 | 0 | 0 | 0 | -220,231 | 220,231 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -46,781 | -109,167 | -131,565 | -139,654 | 0 | 23,211 | 5,026 | 11,126 | 3,302 | 19,156 | 9,723 | 7,287 | ||
| cash flow from financing | -1,772,415 | -1,806,138 | -1,097,210 | 4,205,177 | -89,866 | 23,211 | 5,026 | 11,126 | 3,302 | 19,156 | 9,723 | 1,775,188 | ||
| cash and cash equivalents | ||||||||||||||
| cash | -388,874 | -139,545 | -41,133 | -289,914 | -99,319 | -551,912 | -261,160 | 258,071 | 191,308 | 893,649 | -476,719 | 264,227 | 600,988 | 561,231 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -384,704 | 384,704 | -7,249 | -1,762 | 9,011 | -480 | 294 | 186 |
| change in cash | -388,874 | -139,545 | -41,133 | -289,914 | -99,319 | -551,912 | 123,544 | -126,633 | 198,557 | 895,411 | -485,730 | 264,707 | 600,694 | 561,045 |
P&L
December 2022turnover
9.6m
-12%
operating profit
1.6m
+1%
gross margin
57.1%
+6.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
10.9m
+0.13%
total assets
12.2m
-0.07%
cash
520.9k
-0.43%
net assets
Total assets minus all liabilities
q.e.d. environmental systems limited company details
company number
01898734
Type
Private limited with Share Capital
industry
26511 - Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment
incorporation date
March 1985
age
39
accounts
Full Accounts
ultimate parent company
previous names
geotechnical instruments (u.k.) limited (August 2018)
incorporated
UK
address
unit 3 cyan park, jimmy hill way, coventry, west midlands, CV2 4QP
last accounts submitted
December 2022
q.e.d. environmental systems limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 9 charges/mortgages relating to q.e.d. environmental systems limited. Currently there are 0 open charges and 9 have been satisfied in the past.
q.e.d. environmental systems limited Companies House Filings - See Documents
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