quilter business services limited
quilter business services limited Company Information
Company Number
01579311
Next Accounts
Sep 2025
Industry
Other business support service activities n.e.c.
Shareholders
quilter plc
Group Structure
View All
Contact
Registered Address
senator house, 85 queen victoria street, london, EC4V 4AB
Website
www.oldmutualwealth.co.ukquilter business services limited Estimated Valuation
Pomanda estimates the enterprise value of QUILTER BUSINESS SERVICES LIMITED at £365.8m based on a Turnover of £289.8m and 1.26x industry multiple (adjusted for size and gross margin).
quilter business services limited Estimated Valuation
Pomanda estimates the enterprise value of QUILTER BUSINESS SERVICES LIMITED at £171.3m based on an EBITDA of £17.8m and a 9.63x industry multiple (adjusted for size and gross margin).
quilter business services limited Estimated Valuation
Pomanda estimates the enterprise value of QUILTER BUSINESS SERVICES LIMITED at £339.1m based on Net Assets of £131.3m and 2.58x industry multiple (adjusted for liquidity).
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Quilter Business Services Limited Overview
Quilter Business Services Limited is a live company located in london, EC4V 4AB with a Companies House number of 01579311. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in August 1981, it's largest shareholder is quilter plc with a 100% stake. Quilter Business Services Limited is a mature, mega sized company, Pomanda has estimated its turnover at £289.8m with declining growth in recent years.
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Quilter Business Services Limited Health Check
Pomanda's financial health check has awarded Quilter Business Services Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £289.8m, make it larger than the average company (£4.5m)
£289.8m - Quilter Business Services Limited
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (6.4%)
-1% - Quilter Business Services Limited
6.4% - Industry AVG
Production
with a gross margin of 38.1%, this company has a comparable cost of product (38.1%)
38.1% - Quilter Business Services Limited
38.1% - Industry AVG
Profitability
an operating margin of 2.6% make it less profitable than the average company (5.7%)
2.6% - Quilter Business Services Limited
5.7% - Industry AVG
Employees
with 1735 employees, this is above the industry average (26)
1735 - Quilter Business Services Limited
26 - Industry AVG
Pay Structure
on an average salary of £79.6k, the company has a higher pay structure (£52.8k)
£79.6k - Quilter Business Services Limited
£52.8k - Industry AVG
Efficiency
resulting in sales per employee of £167k, this is equally as efficient (£167.3k)
£167k - Quilter Business Services Limited
£167.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Quilter Business Services Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 82 days, this is slower than average (31 days)
82 days - Quilter Business Services Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Quilter Business Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 32 weeks, this is more cash available to meet short term requirements (23 weeks)
32 weeks - Quilter Business Services Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.3%, this is a similar level of debt than the average (62%)
58.3% - Quilter Business Services Limited
62% - Industry AVG
QUILTER BUSINESS SERVICES LIMITED financials
Quilter Business Services Limited's latest turnover from December 2023 is £289.8 million and the company has net assets of £131.3 million. According to their latest financial statements, Quilter Business Services Limited has 1,735 employees and maintains cash reserves of £113.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 289,823,000 | 281,153,000 | 311,038,000 | 296,792,000 | 377,802,000 | 376,888,000 | 376,013,000 | 317,444,000 | 322,889,000 | 299,695,000 | 246,672,000 | 238,683,000 | 235,519,000 | 252,322,000 | 239,613,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | 0 | 0 | 3,162,000 | 2,831,000 | 1,751,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 84,000 | 521,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 14,727,000 | 8,862,000 | 11,424,000 | 9,150,000 | 12,458,000 | 13,198,000 | 13,514,000 | 1,755,000 | 21,787,000 | 4,117,000 | 1,637,000 | -3,274,000 | 4,654,000 | -5,162,000 | 2,952,000 |
| Tax | -4,339,000 | -211,000 | 858,000 | 11,771,000 | -1,265,000 | 765,000 | 8,778,000 | -1,006,000 | -7,014,000 | -2,335,000 | -1,508,000 | 2,575,000 | -3,232,000 | -5,683,000 | -5,195,000 |
| Profit After Tax | 10,388,000 | 8,651,000 | 12,282,000 | 20,921,000 | 11,193,000 | 13,963,000 | 22,292,000 | 749,000 | 14,773,000 | 1,782,000 | 129,000 | -699,000 | 1,422,000 | -10,845,000 | -2,243,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 16,000,000 | 16,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 10,388,000 | 8,651,000 | 12,282,000 | 20,921,000 | -4,807,000 | -2,037,000 | 22,292,000 | 749,000 | 14,773,000 | 1,782,000 | 129,000 | -699,000 | 1,422,000 | -10,845,000 | -2,243,000 |
| Employee Costs | 138,166,000 | 128,105,000 | 153,301,000 | 144,267,000 | 181,581,000 | 176,899,000 | 170,256,000 | 140,049,000 | 127,175,000 | 129,126,000 | 102,682,000 | 105,543,000 | 121,051,000 | 129,137,000 | 129,908,000 |
| Number Of Employees | 1,735 | 1,577 | 1,703 | 2,023 | 2,333 | 2,002 | 1,861 | 1,764 | 1,691 | 1,615 | 1,569 | 1,549 | 1,620 | 1,844 | 2,134 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | 37,808,000 | 34,345,000 | 164,782,000 | 162,113,000 | 114,195,000 | 7,439,000 | 7,636,000 | 5,072,000 | 6,703,000 | 6,265,000 | 6,915,000 | 7,434,000 | 9,321,000 | 10,864,000 | 9,260,000 |
| Intangible Assets | 65,511,000 | 49,380,000 | 21,000 | 89,000 | 171,000 | 278,000 | 347,000 | 131,000 | 397,000 | 887,000 | 2,580,000 | 5,144,000 | 7,881,000 | 9,561,000 | 30,929,000 |
| Investments & Other | 12,294,000 | 43,248,000 | 511,000 | 411,000 | 547,000 | 565,000 | 555,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 22,595,000 | 22,393,000 | 12,613,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 115,613,000 | 126,973,000 | 142,208,000 | 139,809,000 | 114,366,000 | 7,717,000 | 7,983,000 | 5,203,000 | 7,100,000 | 7,152,000 | 9,495,000 | 12,578,000 | 17,202,000 | 20,425,000 | 40,189,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 275,000 | 24,060,000 | 48,700,000 | 31,647,000 | 54,445,000 | 57,027,000 | 61,241,000 | 47,238,000 | 34,928,000 | 33,364,000 | 36,006,000 | 13,830,000 | 20,440,000 | 33,306,000 | 64,203,000 |
| Misc Debtors | 25,504,000 | 25,468,000 | 35,981,000 | 35,003,000 | 17,963,000 | 11,742,000 | 13,491,000 | 42,799,000 | 13,223,000 | 18,153,000 | 12,990,000 | 5,785,000 | 7,005,000 | 10,891,000 | 10,076,000 |
| Cash | 113,419,000 | 128,237,000 | 132,891,000 | 59,749,000 | 78,331,000 | 70,940,000 | 62,909,000 | 28,948,000 | 66,277,000 | 64,471,000 | 39,768,000 | 44,781,000 | 53,667,000 | 70,000 | 1,500,000 |
| misc current assets | 60,000,000 | 60,000,000 | 0 | 0 | 0 | 12,714,000 | 13,800,000 | 0 | 0 | 0 | 0 | 0 | 0 | 20,051,000 | 0 |
| total current assets | 199,198,000 | 237,765,000 | 221,375,000 | 129,413,000 | 150,739,000 | 152,423,000 | 151,441,000 | 118,985,000 | 114,428,000 | 115,988,000 | 88,764,000 | 64,396,000 | 81,112,000 | 64,318,000 | 75,779,000 |
| total assets | 314,811,000 | 364,738,000 | 363,583,000 | 269,222,000 | 265,105,000 | 160,140,000 | 159,424,000 | 124,188,000 | 121,528,000 | 123,140,000 | 98,259,000 | 76,974,000 | 98,314,000 | 84,743,000 | 115,968,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 40,576,000 | 39,354,000 | 59,881,000 | 33,596,000 | 74,118,000 | 75,695,000 | 81,129,000 | 60,565,000 | 62,489,000 | 74,983,000 | 59,221,000 | 32,567,000 | 38,962,000 | 37,290,000 | 47,604,000 |
| Group/Directors Accounts | 45,413,000 | 90,763,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,274,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 75,613,000 | 82,575,000 | 89,488,000 | 92,086,000 | 95,768,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 21,915,000 | 25,707,000 | 87,294,000 | 18,150,000 | 19,904,000 | 13,336,000 | 22,155,000 | 33,284,000 | 34,745,000 | 43,655,000 | 25,490,000 | 28,194,000 | 44,255,000 | 36,876,000 | 28,857,000 |
| total current liabilities | 183,517,000 | 238,399,000 | 236,663,000 | 143,832,000 | 189,790,000 | 89,031,000 | 103,284,000 | 93,849,000 | 97,234,000 | 118,638,000 | 84,711,000 | 60,761,000 | 83,217,000 | 74,166,000 | 113,735,000 |
| loans | 0 | 0 | 0 | 40,000,000 | 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 | 0 |
| Accruals and Deferred Income | 0 | 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 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,170,000 | 42,432,000 | 42,746,000 | 42,402,000 | 6,824,000 |
| total long term liabilities | 0 | 0 | 0 | 20,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 14,585,000 | 21,216,000 | 21,373,000 | 21,201,000 | 3,412,000 |
| total liabilities | 183,517,000 | 238,399,000 | 236,663,000 | 163,832,000 | 189,790,000 | 89,031,000 | 103,284,000 | 93,849,000 | 97,234,000 | 118,638,000 | 99,296,000 | 81,977,000 | 104,590,000 | 95,367,000 | 117,147,000 |
| net assets | 131,294,000 | 126,339,000 | 126,920,000 | 105,390,000 | 75,315,000 | 71,109,000 | 56,140,000 | 30,339,000 | 24,294,000 | 4,502,000 | -1,037,000 | -5,003,000 | -6,276,000 | -10,624,000 | -1,179,000 |
| total shareholders funds | 131,294,000 | 126,339,000 | 126,920,000 | 105,390,000 | 75,315,000 | 71,109,000 | 56,140,000 | 30,339,000 | 24,294,000 | 4,502,000 | -1,037,000 | -5,003,000 | -6,276,000 | -10,624,000 | -1,179,000 |
| Dec 2023 | 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 | |||||||||||||||
| Depreciation | 10,285,000 | 12,254,000 | 11,842,000 | 9,546,000 | 7,141,000 | 2,889,000 | 3,314,000 | 2,797,000 | 3,483,000 | 3,998,000 | 4,317,000 | 4,444,000 | 4,923,000 | 3,238,000 | 5,662,000 |
| Amortisation | 0 | 0 | 68,000 | 82,000 | 107,000 | 103,000 | 128,000 | 266,000 | 620,000 | 1,819,000 | 2,843,000 | 3,604,000 | 3,596,000 | 6,046,000 | 3,866,000 |
| Tax | -4,339,000 | -211,000 | 858,000 | 11,771,000 | -1,265,000 | 765,000 | 8,778,000 | -1,006,000 | -7,014,000 | -2,335,000 | -1,508,000 | 2,575,000 | -3,232,000 | -5,683,000 | -5,195,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -23,749,000 | -57,748,000 | 18,233,000 | 4,022,000 | 16,252,000 | -5,963,000 | -15,305,000 | 41,886,000 | -3,366,000 | 2,521,000 | 29,381,000 | -7,830,000 | -16,752,000 | -30,082,000 | 74,279,000 |
| Creditors | 1,222,000 | -20,527,000 | 26,285,000 | -40,522,000 | -1,577,000 | -5,434,000 | 20,564,000 | -1,924,000 | -12,494,000 | 15,762,000 | 26,654,000 | -6,395,000 | 1,672,000 | -10,314,000 | 47,604,000 |
| Accruals and Deferred Income | -3,792,000 | -61,587,000 | 69,144,000 | -1,754,000 | 6,568,000 | -8,819,000 | -11,129,000 | -1,461,000 | -8,910,000 | 18,165,000 | -2,704,000 | -16,061,000 | 7,379,000 | 8,019,000 | 28,857,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29,170,000 | -13,262,000 | -314,000 | 344,000 | 35,578,000 | 6,824,000 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -30,954,000 | 42,737,000 | 100,000 | -136,000 | -18,000 | 10,000 | 555,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -45,350,000 | 90,763,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -37,274,000 | 37,274,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -40,000,000 | 40,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -6,962,000 | -6,913,000 | -2,598,000 | -3,682,000 | 95,768,000 | 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 | 0 |
| share issue | |||||||||||||||
| interest | 0 | 0 | -3,162,000 | -2,831,000 | -1,751,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -84,000 | -521,000 |
| cash flow from financing | -57,745,000 | 74,618,000 | -36,512,000 | 42,641,000 | 103,030,000 | 17,006,000 | 3,509,000 | 5,296,000 | 5,019,000 | 3,757,000 | 3,837,000 | 1,972,000 | 2,926,000 | -35,958,000 | 37,817,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -14,818,000 | -4,654,000 | 73,142,000 | -18,582,000 | 7,391,000 | 8,031,000 | 33,961,000 | -37,329,000 | 1,806,000 | 24,703,000 | -5,013,000 | -8,886,000 | 53,597,000 | -1,430,000 | 1,500,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -14,818,000 | -4,654,000 | 73,142,000 | -18,582,000 | 7,391,000 | 8,031,000 | 33,961,000 | -37,329,000 | 1,806,000 | 24,703,000 | -5,013,000 | -8,886,000 | 53,597,000 | -1,430,000 | 1,500,000 |
quilter business services limited Credit Report and Business Information
Quilter Business Services Limited Competitor Analysis
Perform a competitor analysis for quilter business services limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in EC4V area or any other competitors across 12 key performance metrics.
quilter business services limited Ownership
QUILTER BUSINESS SERVICES LIMITED group structure
Quilter Business Services Limited has 11 subsidiary companies.
Ultimate parent company
1 parent
QUILTER BUSINESS SERVICES LIMITED
01579311
11 subsidiaries
quilter business services limited directors
Quilter Business Services Limited currently has 3 directors. The longest serving directors include Mr Mark Satchel (Feb 2011) and Miss Louise Williams (Jun 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Satchel | United Kingdom | 55 years | Feb 2011 | - | Director |
| Miss Louise Williams | United Kingdom | 44 years | Jun 2023 | - | Director |
| Ms Sarah Houlston | 58 years | Oct 2024 | - | Director |
P&L
December 2023turnover
289.8m
+3%
operating profit
7.5m
0%
gross margin
38.1%
-2.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
131.3m
+0.04%
total assets
314.8m
-0.14%
cash
113.4m
-0.12%
net assets
Total assets minus all liabilities
quilter business services limited company details
company number
01579311
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
August 1981
age
43
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
old mutual wealth business services limited (November 2019)
skandia life business services limited (September 2014)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
senator house, 85 queen victoria street, london, EC4V 4AB
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
quilter business services 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 did not find charges/mortgages relating to quilter business services limited.
quilter business services limited Companies House Filings - See Documents
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