Software Quality Assurance (management) Limited

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software quality assurance (management) limited Company Information

Live

MatureMicroRapid

Company Number

03272301

Website

Registered Address

2nd floor sterling house, langston road, loughton, IG10 3TS

Industry

Management consultancy activities (other than financial management)

Telephone

Next Accounts Due

September 2024

Group Structure

View All

Directors

Kathryn Smith27 Years

Michael Smith27 Years

Shareholders

mrs kathryn elizabeth smith 84%

mr michael andrew smith 16%

software quality assurance (management) limited Estimated Valuation

£55.4k

Pomanda estimates the enterprise value of SOFTWARE QUALITY ASSURANCE (MANAGEMENT) LIMITED at £55.4k based on a Turnover of £129.1k and 0.43x industry multiple (adjusted for size and gross margin).

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Software Quality Assurance (management) Limited is a live company located in loughton, IG10 3TS with a Companies House number of 03272301. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in October 1996, it's largest shareholder is mrs kathryn elizabeth smith with a 84% stake. Software Quality Assurance (management) Limited is a mature, micro sized company, Pomanda has estimated its turnover at £129.1k with rapid growth in recent years.

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Pomanda's financial health check has awarded Software Quality Assurance (Management) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

1 Regular

6 Weak

Size

annual sales of £129.1k, make it smaller than the average company (£584.3k)

Growth

3 year (CAGR) sales growth of 47%, show it is growing at a faster rate (4.4%)

EXPORT

Software Quality Assurance (Management) Limited's latest turnover from December 2022 is estimated at £129.1 thousand and the company has net assets of £39.6 thousand. According to their latest financial statements, Software Quality Assurance (Management) Limited has 2 employees and maintains cash reserves of £3.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	129,103	175,612	51,532	40,442	48,341	50,820	0	0	201,035	190,456	177,195	88,448	222,062	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	97,418	134,579	38,790	30,342	35,051	35,616	0	0	140,584	133,949	119,249	57,555	144,132	0
Gross Profit	31,685	41,033	12,742	10,100	13,290	15,204	0	0	60,451	56,506	57,947	30,893	77,930	0
Admin Expenses	16,752	11,853	11,355	5,110	12,545	13,595	-1,615	805	59,414	56,539	57,177	30,648	74,984	1,956
Operating Profit	14,933	29,180	1,387	4,990	745	1,609	1,615	-805	1,037	-33	770	245	2,946	-1,956
Interest Payable	0	1,090	1,520	949	954	948	929	472	0	0	0	0	0	0
Interest Receivable	70	3	1	1	1	2	9	14	1	6	10	17	46	34
Pre-Tax Profit	15,002	28,093	-132	4,042	-208	663	695	-1,262	1,038	-27	780	262	2,992	-1,922
Tax	-2,850	-5,338	0	-768	0	-126	-139	0	-218	0	-187	-68	-838	0
Profit After Tax	12,152	22,755	-132	3,274	-208	537	556	-1,262	820	-27	593	194	2,154	-1,922
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	12,152	22,755	-132	3,274	-208	537	556	-1,262	820	-27	593	194	2,154	-1,922
Employee Costs	96,136	95,741	69,889	88,132	93,123	85,781	0	0	52,499	51,420	53,719	49,188	98,050	0
Number Of Employees	2	2	2	2	2	2	0	0	1	1	1	1	2	0
EBITDA*	14,933	29,180	1,387	4,990	745	1,609	1,615	-805	1,037	-33	771	564	3,053	-1,849

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	1	320	426
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	0	0	0	0	0	0	0	0	1	320	426
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	69,529	96,912	12,855	2,944	1,289	2,700	0	0	57,150	53,750	48,247	24,265	60,225	6,237
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	34,311	0	19,860	14,716	27,748	13,650	0	0	0	0	0	9,030
Cash	3,058	928	1,172	29	208	27	1,485	5,659	65	266	2,034	2,021	4,913	13,498
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	72,587	97,840	48,338	24,794	21,357	17,443	29,233	19,309	57,215	54,016	50,281	26,286	65,138	28,765
total assets	72,587	97,840	48,338	24,794	21,357	17,443	29,233	19,309	57,215	54,016	50,281	26,287	65,458	29,191
Bank overdraft	0	0	4,870	14,963	13,156	15,116	15,220	14,510	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	4,670	42,075	7,161	3,167	0	0	0	0	55,303	52,924	49,162	25,761	65,126	31,013
Group/Directors Accounts	0	0	0	0	0	0	5,148	0	0	0	0	0	0	0
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	0	0	1,630	0	6,666	584	7,659	4,149	0	0	0	0	0	0
total current liabilities	4,670	42,075	13,661	19,985	19,822	15,700	28,027	18,659	55,303	52,924	49,162	25,761	65,126	31,013
loans	0	0	30,000	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	28,333	28,333	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	28,333	28,333	30,000	0	0	0	0	0	0	0	0	0	0	0
total liabilities	33,003	70,408	43,661	19,985	19,822	15,700	28,027	18,659	55,303	52,924	49,162	25,761	65,126	31,013
net assets	39,584	27,432	4,677	4,809	1,535	1,743	1,206	650	1,912	1,092	1,119	526	332	-1,822
total shareholders funds	39,584	27,432	4,677	4,809	1,535	1,743	1,206	650	1,912	1,092	1,119	526	332	-1,822

	Dec 2022	Dec 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	14,933	29,180	1,387	4,990	745	1,609	1,615	-805	1,037	-33	770	245	2,946	-1,956
Depreciation	0	0	0	0	0	0	0	0	0	0	1	319	107	107
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,850	-5,338	0	-768	0	-126	-139	0	-218	0	-187	-68	-838	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-27,383	49,746	44,222	-18,205	3,733	-10,332	14,098	-43,500	3,400	5,503	23,982	-35,960	44,958	15,267
Creditors	-37,405	34,914	3,994	3,167	0	0	0	-55,303	2,379	3,762	23,401	-39,365	34,113	31,013
Accruals and Deferred Income	0	-1,630	1,630	-6,666	6,082	-7,075	3,510	4,149	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	2,061	7,380	-37,211	18,928	3,094	4,740	-9,112	-8,459	-202	-1,774	3	-2,909	-8,630	13,897
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	-1	-533
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	-1	-533
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-5,148	5,148	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-30,000	30,000	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	28,333	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	70	-1,087	-1,519	-948	-953	-946	-920	-458	1	6	10	17	46	34
cash flow from financing	70	-2,754	28,481	-948	-953	-6,094	4,228	-458	1	6	10	17	46	134
cash and cash equivalents
cash	2,130	-244	1,143	-179	181	-1,458	-4,174	5,594	-201	-1,768	13	-2,892	-8,585	13,498
overdraft	0	-4,870	-10,093	1,807	-1,960	-104	710	14,510	0	0	0	0	0	0
change in cash	2,130	4,626	11,236	-1,986	2,141	-1,354	-4,884	-8,916	-201	-1,768	13	-2,892	-8,585	13,498

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SOFTWARE QUALITY ASSURANCE (MANAGEMENT) LIMITED group structure

Software Quality Assurance (Management) Limited has no subsidiary companies.

Ultimate parent company

SOFTWARE QUALITY ASSURANCE (MANAGEMENT) LIMITED

03272301

SOFTWARE QUALITY ASSURANCE (MANAGEMENT) LIMITED Shareholders

mrs kathryn elizabeth smith	84%
mr michael andrew smith	16%

Software Quality Assurance (Management) Limited currently has 2 directors. The longest serving directors include Mrs Kathryn Smith (Oct 1996) and Mr Michael Smith (Oct 1996).

officer	country	age	start	end	role
Mrs Kathryn Smith		66 years	Oct 1996	-	Director
Mr Michael Smith	England	67 years	Oct 1996	-	Director

P&L

December 2022

turnover

129.1k

-26%

operating profit

14.9k

gross margin

24.6%

+5.04%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

39.6k

+0.44%

total assets

72.6k

-0.26%

cash

3.1k

+2.3%

net assets

Total assets minus all liabilities

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company number

03272301

Type

Private limited with Share Capital

industry

70229 - Management consultancy activities (other than financial management)

incorporation date

October 1996

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

last accounts submitted

December 2022

address

2nd floor sterling house, langston road, loughton, IG10 3TS

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We did not find charges/mortgages relating to software quality assurance (management) limited.

software quality assurance (management) limited Company Information

software quality assurance (management) limited Estimated Valuation

software quality assurance (management) limited Estimated Valuation

software quality assurance (management) limited Estimated Valuation

Software Quality Assurance (management) Limited Overview

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SOFTWARE QUALITY ASSURANCE (MANAGEMENT) LIMITED financials

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