iqvia technology services ltd.
iqvia technology services ltd. Company Information
Company Number
03566800
Website
epsresearch.coRegistered Address
3 forbury place, 23 forbury road, reading, RG1 3JH
Industry
Data processing, hosting and related activities
Other information technology and computer service activities
Telephone
08448481205
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
iqvia ltd 100%
iqvia technology services ltd. Estimated Valuation
Pomanda estimates the enterprise value of IQVIA TECHNOLOGY SERVICES LTD. at £0 based on a Turnover of £6.6m and -0.08x industry multiple (adjusted for size and gross margin).
iqvia technology services ltd. Estimated Valuation
Pomanda estimates the enterprise value of IQVIA TECHNOLOGY SERVICES LTD. at £6.9m based on an EBITDA of £-14.5m and a -0.48x industry multiple (adjusted for size and gross margin).
iqvia technology services ltd. Estimated Valuation
Pomanda estimates the enterprise value of IQVIA TECHNOLOGY SERVICES LTD. at £15.7m based on Net Assets of £6.8m and 2.31x industry multiple (adjusted for liquidity).
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Iqvia Technology Services Ltd. Overview
Iqvia Technology Services Ltd. is a live company located in reading, RG1 3JH with a Companies House number of 03566800. It operates in the data processing, hosting and related activities sector, SIC Code 63110. Founded in May 1998, it's largest shareholder is iqvia ltd with a 100% stake. Iqvia Technology Services Ltd. is a mature, mid sized company, Pomanda has estimated its turnover at £6.6m with declining growth in recent years.
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Iqvia Technology Services Ltd. Health Check
Pomanda's financial health check has awarded Iqvia Technology Services Ltd. a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
5 Weak
Size
annual sales of £6.6m, make it in line with the average company (£6.2m)
£6.6m - Iqvia Technology Services Ltd.
£6.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (3.9%)
-7% - Iqvia Technology Services Ltd.
3.9% - Industry AVG
Production
with a gross margin of -51.1%, this company has a higher cost of product (57.6%)
-51.1% - Iqvia Technology Services Ltd.
57.6% - Industry AVG
Profitability
an operating margin of -250.6% make it less profitable than the average company (4.5%)
-250.6% - Iqvia Technology Services Ltd.
4.5% - Industry AVG
Employees
with 93 employees, this is above the industry average (39)
93 - Iqvia Technology Services Ltd.
39 - Industry AVG
Pay Structure
on an average salary of £82.6k, the company has a higher pay structure (£67.9k)
£82.6k - Iqvia Technology Services Ltd.
£67.9k - Industry AVG
Efficiency
resulting in sales per employee of £70.6k, this is less efficient (£160.1k)
£70.6k - Iqvia Technology Services Ltd.
£160.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Iqvia Technology Services Ltd.
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Iqvia Technology Services Ltd.
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Iqvia Technology Services Ltd.
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Iqvia Technology Services Ltd.
- - Industry AVG
Debt Level
There is insufficient data available for this Key Performance Indicator!
- - Iqvia Technology Services Ltd.
- - Industry AVG
IQVIA TECHNOLOGY SERVICES LTD. financials
Iqvia Technology Services Ltd.'s latest turnover from December 2022 is £6.6 million and the company has net assets of £6.8 million. According to their latest financial statements, Iqvia Technology Services Ltd. has 93 employees and maintains cash reserves of 0 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 | 6,565,000 | 8,591,000 | 8,448,000 | 8,257,000 | 6,969,000 | 5,508,000 | 2,958,000 | 3,808,000 | 3,198,000 | 3,440,000 | 4,874,000 | 4,294,000 | 4,625,000 | 6,089,190 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 9,917,000 | 7,975,000 | 8,111,000 | 7,671,000 | 6,197,000 | 5,700,000 | 3,383,000 | 3,035,000 | 3,418,000 | 3,761,000 | 3,921,000 | 3,462,000 | 3,706,000 | 3,171,721 |
| Gross Profit | -3,352,000 | 616,000 | 337,000 | 586,000 | 772,000 | -192,000 | -425,000 | 773,000 | -220,000 | -321,000 | 953,000 | 832,000 | 919,000 | 2,917,469 |
| Admin Expenses | 13,097,000 | 2,184,000 | 1,136,000 | 1,640,000 | 3,231,000 | 2,874,000 | 1,907,000 | 1,004,000 | 1,086,000 | 1,008,000 | 651,000 | 700,000 | 978,000 | 1,893,877 |
| Operating Profit | -16,449,000 | -1,568,000 | -799,000 | -1,054,000 | -2,459,000 | -3,066,000 | -2,332,000 | -231,000 | -1,306,000 | -1,329,000 | 302,000 | 132,000 | -59,000 | 1,023,592 |
| Interest Payable | 4,000 | 130,000 | 373,000 | 598,000 | 524,000 | 145,000 | 60,000 | 9,000 | 0 | 0 | 0 | 17,000 | 25,000 | 3,236 |
| Interest Receivable | 0 | 0 | 1,000 | 1,000 | 0 | 0 | 0 | 0 | 8,000 | 34,000 | 21,000 | 16,000 | 13,000 | 17,480 |
| Pre-Tax Profit | -3,670,000 | 3,696,000 | 3,396,000 | -1,651,000 | -6,237,000 | -3,167,000 | -2,392,000 | -240,000 | -1,298,000 | -1,295,000 | 323,000 | 131,000 | -71,000 | 1,037,836 |
| Tax | -84,000 | -116,000 | 65,000 | 35,000 | 335,000 | -68,000 | -18,000 | -24,000 | 4,000 | 47,000 | 6,000 | -9,000 | 129,000 | -126,444 |
| Profit After Tax | -3,754,000 | 3,580,000 | 3,461,000 | -1,616,000 | -5,902,000 | -3,235,000 | -2,410,000 | -264,000 | -1,294,000 | -1,248,000 | 329,000 | 122,000 | 58,000 | 911,392 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 610,000 |
| Retained Profit | -3,754,000 | 3,580,000 | 3,461,000 | -1,616,000 | -5,902,000 | -3,235,000 | -2,410,000 | -264,000 | -1,294,000 | -1,248,000 | 329,000 | 122,000 | 58,000 | 301,392 |
| Employee Costs | 7,681,000 | 6,274,000 | 6,247,000 | 5,296,000 | 4,090,000 | 3,412,000 | 2,506,000 | 2,392,000 | 2,531,000 | 3,068,000 | 2,920,000 | 2,367,000 | 3,144,000 | 3,195,527 |
| Number Of Employees | 93 | 89 | 82 | 72 | 47 | 40 | 23 | 37 | 45 | 52 | 51 | 50 | 62 | 66 |
| EBITDA* | -14,527,000 | 828,000 | 1,487,000 | 1,233,000 | -477,000 | -1,473,000 | -2,017,000 | 153,000 | -818,000 | -658,000 | 1,237,000 | 944,000 | 701,000 | 1,109,291 |
* 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 | 0 | 19,000 | 37,000 | 66,000 | 78,000 | 56,000 | 57,000 | 57,000 | 65,000 | 100,000 | 125,000 | 101,000 | 87,000 | 82,731 |
| Intangible Assets | 0 | 7,677,000 | 8,921,000 | 10,133,000 | 11,934,000 | 8,354,000 | 2,366,000 | 856,000 | 897,000 | 1,049,000 | 1,084,000 | 1,356,000 | 1,627,000 | 1,725,222 |
| Investments & Other | 1,000 | 12,316,000 | 13,070,000 | 13,420,000 | 13,420,000 | 13,374,000 | 2,794,000 | 2,794,000 | 0 | 0 | 0 | 0 | 0 | 29 |
| Debtors (Due After 1 year) | 0 | 197,000 | 133,000 | 68,000 | 32,000 | 0 | 6,000 | 23,000 | 26,000 | 14,000 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,000 | 20,209,000 | 22,161,000 | 23,687,000 | 25,464,000 | 21,784,000 | 5,223,000 | 3,730,000 | 988,000 | 1,163,000 | 1,209,000 | 1,457,000 | 1,714,000 | 1,807,982 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 1,783,000 | 1,656,000 | 1,474,000 | 1,876,000 | 2,695,000 | 1,532,000 | 723,000 | 182,000 | 336,000 | 911,000 | 1,016,000 | 1,019,000 | 1,710,782 |
| Group Debtors | 6,804,000 | 1,889,000 | 1,557,000 | 1,518,000 | 2,069,000 | 464,000 | 405,000 | 470,000 | 450,000 | 1,265,000 | 1,445,000 | 0 | 0 | 0 |
| Misc Debtors | 0 | 1,601,000 | 1,508,000 | 456,000 | 309,000 | 658,000 | 74,000 | 202,000 | 62,000 | 482,000 | 400,000 | 733,000 | 831,000 | 678,402 |
| Cash | 0 | 1,750,000 | 1,420,000 | 1,237,000 | 1,097,000 | 444,000 | 19,000 | 2,000 | 90,000 | 6,000 | 21,000 | 736,000 | 866,000 | 414,315 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,804,000 | 7,023,000 | 6,141,000 | 4,685,000 | 5,351,000 | 4,261,000 | 2,030,000 | 1,397,000 | 784,000 | 2,089,000 | 2,777,000 | 2,485,000 | 2,716,000 | 2,803,499 |
| total assets | 6,805,000 | 27,232,000 | 28,302,000 | 28,372,000 | 30,815,000 | 26,045,000 | 7,253,000 | 5,127,000 | 1,772,000 | 3,252,000 | 3,986,000 | 3,942,000 | 4,430,000 | 4,611,481 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,026 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 183,000 | 0 |
| Trade Creditors | 0 | 224,000 | 269,000 | 396,000 | 245,000 | 114,000 | 16,000 | 54,000 | 68,000 | 30,000 | 30,000 | 0 | 86,000 | 122,515 |
| Group/Directors Accounts | 0 | 48,560,000 | 53,808,000 | 56,588,000 | 47,627,000 | 29,209,000 | 8,262,000 | 4,110,000 | 674,000 | 402,000 | 110,000 | 0 | 0 | 153 |
| 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 | 301 |
| other current liabilities | 0 | 3,471,000 | 2,828,000 | 3,452,000 | 1,944,000 | 2,088,000 | 1,332,000 | 910,000 | 713,000 | 1,088,000 | 866,000 | 1,291,000 | 1,361,000 | 2,046,015 |
| total current liabilities | 0 | 52,255,000 | 56,905,000 | 60,436,000 | 49,816,000 | 31,411,000 | 9,610,000 | 5,074,000 | 1,455,000 | 1,520,000 | 1,006,000 | 1,291,000 | 1,630,000 | 2,189,010 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 371,000 | 51,666 |
| 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 | 0 | 0 | 0 | 0 | 1,350,000 | 4,443,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 1,350,000 | 4,443,000 | 0 | 0 | 0 | 0 | 0 | 0 | 371,000 | 51,666 |
| total liabilities | 0 | 52,255,000 | 56,905,000 | 60,436,000 | 51,166,000 | 35,854,000 | 9,610,000 | 5,074,000 | 1,455,000 | 1,520,000 | 1,006,000 | 1,291,000 | 2,001,000 | 2,240,676 |
| net assets | 6,805,000 | -25,023,000 | -28,603,000 | -32,064,000 | -20,351,000 | -9,809,000 | -2,357,000 | 53,000 | 317,000 | 1,732,000 | 2,980,000 | 2,651,000 | 2,429,000 | 2,370,805 |
| total shareholders funds | 6,805,000 | -25,023,000 | -28,603,000 | -32,064,000 | -20,351,000 | -9,809,000 | -2,357,000 | 53,000 | 317,000 | 1,732,000 | 2,980,000 | 2,651,000 | 2,429,000 | 2,370,805 |
| 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 | -16,449,000 | -1,568,000 | -799,000 | -1,054,000 | -2,459,000 | -3,066,000 | -2,332,000 | -231,000 | -1,306,000 | -1,329,000 | 302,000 | 132,000 | -59,000 | 1,023,592 |
| Depreciation | 9,000 | 18,000 | 28,000 | 29,000 | 31,000 | 27,000 | 34,000 | 40,000 | 62,000 | 67,000 | 63,000 | 43,000 | 39,000 | 56,251 |
| Amortisation | 1,913,000 | 2,378,000 | 2,258,000 | 2,258,000 | 1,951,000 | 1,566,000 | 281,000 | 344,000 | 426,000 | 604,000 | 872,000 | 769,000 | 721,000 | 29,448 |
| Tax | -84,000 | -116,000 | 65,000 | 35,000 | 335,000 | -68,000 | -18,000 | -24,000 | 4,000 | 47,000 | 6,000 | -9,000 | 129,000 | -126,444 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,334,000 | 616,000 | 1,338,000 | -770,000 | 469,000 | 1,800,000 | 599,000 | 698,000 | -1,377,000 | -659,000 | 1,007,000 | -101,000 | -539,184 | 2,389,184 |
| Creditors | -224,000 | -45,000 | -127,000 | 151,000 | 131,000 | 98,000 | -38,000 | -14,000 | 38,000 | 0 | 30,000 | -86,000 | -36,515 | 122,515 |
| Accruals and Deferred Income | -3,471,000 | 643,000 | -624,000 | 1,508,000 | -144,000 | 756,000 | 422,000 | 197,000 | -375,000 | 222,000 | -425,000 | -70,000 | -685,015 | 2,046,015 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -1,350,000 | -3,093,000 | 4,443,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -19,640,000 | 694,000 | -537,000 | 2,347,000 | -3,717,000 | 1,956,000 | -2,250,000 | -386,000 | 226,000 | 270,000 | -159,000 | 880,000 | 647,654 | 762,193 |
| Investing Activities | ||||||||||||||
| capital expenditure | -943,900 | |||||||||||||
| Change in Investments | -12,315,000 | -754,000 | -350,000 | 0 | 46,000 | 10,580,000 | 0 | 2,794,000 | 0 | 0 | 0 | 0 | -29 | 29 |
| cash flow from investments | -943,929 | |||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -183,000 | 183,000 | 0 |
| Group/Directors Accounts | -48,560,000 | -5,248,000 | -2,780,000 | 8,961,000 | 18,418,000 | 20,947,000 | 4,152,000 | 3,436,000 | 272,000 | 292,000 | 110,000 | 0 | -153 | 153 |
| 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 | -371,000 | 319,334 | 51,666 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -301 | 301 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -4,000 | -130,000 | -372,000 | -597,000 | -524,000 | -145,000 | -60,000 | -9,000 | 8,000 | 34,000 | 21,000 | -1,000 | -12,000 | 14,244 |
| cash flow from financing | -12,982,000 | -5,378,000 | -3,152,000 | -1,733,000 | 13,254,000 | 16,585,000 | 4,092,000 | 3,427,000 | 159,000 | 326,000 | 131,000 | -455,000 | 490,075 | 2,135,777 |
| cash and cash equivalents | ||||||||||||||
| cash | -1,750,000 | 330,000 | 183,000 | 140,000 | 653,000 | 425,000 | 17,000 | -88,000 | 84,000 | -15,000 | -715,000 | -130,000 | 451,685 | 414,315 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -20,026 | 20,026 |
| change in cash | -1,750,000 | 330,000 | 183,000 | 140,000 | 653,000 | 425,000 | 17,000 | -88,000 | 84,000 | -15,000 | -715,000 | -130,000 | 471,711 | 394,289 |
iqvia technology services ltd. Credit Report and Business Information
Iqvia Technology Services Ltd. Competitor Analysis
Perform a competitor analysis for iqvia technology services ltd. by selecting its closest rivals and benchmarking them against 12 key performance metrics.
iqvia technology services ltd. Ownership
IQVIA TECHNOLOGY SERVICES LTD. group structure
Iqvia Technology Services Ltd. has 3 subsidiary companies.
Ultimate parent company
IQVIA HOLDINGS INC
#0013898
2 parents
IQVIA TECHNOLOGY SERVICES LTD.
03566800
3 subsidiaries
iqvia technology services ltd. directors
Iqvia Technology Services Ltd. currently has 3 directors. The longest serving directors include Mr Peter Lane (Aug 2015) and Mr Timothy Sheppard (Aug 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Lane | England | 57 years | Aug 2015 | - | Director |
| Mr Timothy Sheppard | England | 53 years | Aug 2017 | - | Director |
| Mr Imran Mecci | England | 47 years | Sep 2017 | - | Director |
P&L
December 2022turnover
6.6m
-24%
operating profit
-16.4m
+949%
gross margin
-51%
-812.09%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
6.8m
-1.27%
total assets
6.8m
-0.75%
cash
0
-1%
net assets
Total assets minus all liabilities
iqvia technology services ltd. company details
company number
03566800
Type
Private limited with Share Capital
industry
63110 - Data processing, hosting and related activities
62090 - Other information technology and computer service activities
incorporation date
May 1998
age
26
accounts
Full Accounts
ultimate parent company
previous names
ims health technology services limited (January 2018)
ardentia limited (August 2014)
incorporated
UK
address
3 forbury place, 23 forbury road, reading, RG1 3JH
last accounts submitted
December 2022
iqvia technology services ltd. 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 4 charges/mortgages relating to iqvia technology services ltd.. Currently there are 0 open charges and 4 have been satisfied in the past.
iqvia technology services ltd. Companies House Filings - See Documents
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