iqe plc

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iqe plc Company Information

Share IQE PLC

Company Number

03745726

Shareholders

undisclosed

t rowe price inc

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Group Structure

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Industry

Activities of head offices

 

Registered Address

pascal close, st mellons, cardiff, south glamorgan, CF3 0LW

iqe plc Estimated Valuation

£69.2m

Pomanda estimates the enterprise value of IQE PLC at £69.2m based on a Turnover of £115.3m and 0.6x industry multiple (adjusted for size and gross margin).

iqe plc Estimated Valuation

£0

Pomanda estimates the enterprise value of IQE PLC at £0 based on an EBITDA of £-1.1m and a 4.46x industry multiple (adjusted for size and gross margin).

iqe plc Estimated Valuation

£362.2m

Pomanda estimates the enterprise value of IQE PLC at £362.2m based on Net Assets of £169.8m and 2.13x industry multiple (adjusted for liquidity).

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Iqe Plc Overview

Iqe Plc is a live company located in cardiff, CF3 0LW with a Companies House number of 03745726. It operates in the activities of head offices sector, SIC Code 70100. Founded in April 1999, it's largest shareholder is undisclosed with a 69.3% stake. Iqe Plc is a mature, mega sized company, Pomanda has estimated its turnover at £115.3m with declining growth in recent years.

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Iqe Plc Health Check

Pomanda's financial health check has awarded Iqe Plc a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £115.3m, make it larger than the average company (£20.4m)

£115.3m - Iqe Plc

£20.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (7.4%)

-13% - Iqe Plc

7.4% - Industry AVG

production

Production

with a gross margin of 2%, this company has a higher cost of product (33.6%)

2% - Iqe Plc

33.6% - Industry AVG

profitability

Profitability

an operating margin of -22.4% make it less profitable than the average company (5.8%)

-22.4% - Iqe Plc

5.8% - Industry AVG

employees

Employees

with 577 employees, this is above the industry average (111)

577 - Iqe Plc

111 - Industry AVG

paystructure

Pay Structure

on an average salary of £73k, the company has a higher pay structure (£49.7k)

£73k - Iqe Plc

£49.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £199.7k, this is equally as efficient (£205.7k)

£199.7k - Iqe Plc

£205.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 100 days, this is later than average (45 days)

100 days - Iqe Plc

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 49 days, this is slower than average (42 days)

49 days - Iqe Plc

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 79 days, this is more than average (49 days)

79 days - Iqe Plc

49 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (15 weeks)

5 weeks - Iqe Plc

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 37.9%, this is a lower level of debt than the average (55.6%)

37.9% - Iqe Plc

55.6% - Industry AVG

IQE PLC financials

EXPORTms excel logo

Iqe Plc's latest turnover from December 2023 is £115.3 million and the company has net assets of £169.8 million. According to their latest financial statements, Iqe Plc has 577 employees and maintains cash reserves of £5.6 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover115,252,000167,494,000154,096,000178,016,000140,015,000156,291,000154,553,000132,707,000114,024,000112,011,000126,774,00087,961,00075,318,00072,650,00052,652,000
Other Income Or Grants000000000000000
Cost Of Sales112,924,000141,111,000136,452,000144,866,000118,631,000118,840,000115,755,00098,538,00083,372,00086,015,000103,669,00069,491,00057,142,00056,050,00041,073,000
Gross Profit2,328,00026,383,00017,644,00033,150,00021,384,00037,451,00038,798,00034,169,00030,652,00025,996,00023,105,00018,470,00018,176,00016,600,00011,579,000
Admin Expenses28,107,00099,359,00037,622,00038,667,00040,186,00028,791,00021,604,00014,343,0009,486,00018,829,00015,759,00011,456,00010,803,0009,392,0008,535,000
Operating Profit-25,779,000-72,976,000-19,978,000-5,517,000-18,802,0008,660,00017,194,00019,826,00021,166,0007,167,0007,346,0007,014,0007,373,0007,208,0003,044,000
Interest Payable3,032,0002,427,0002,213,0002,165,0001,606,00066,0002,099,0001,489,0001,790,0001,924,0002,154,000886,000481,000874,000986,000
Interest Receivable0000148,000153,000026,0000000000
Pre-Tax Profit-28,811,000-75,403,000-22,191,000-3,894,000-24,948,0006,747,00015,095,00018,363,00019,376,0005,243,0005,192,0006,128,0006,892,0006,334,0002,058,000
Tax-567,000862,000-8,811,0001,001,000-10,180,000-5,558,000-435,000-340,000773,000-3,247,000934,000503,0001,551,0001,172,0000
Profit After Tax-29,378,000-74,541,000-31,002,000-2,893,000-35,128,0001,189,00014,660,00018,023,00020,149,0001,996,0006,126,0006,631,0008,443,0007,506,0002,058,000
Dividends Paid000000000000000
Retained Profit-29,378,000-74,541,000-31,380,000-2,893,000-34,783,000966,00014,560,00017,859,00019,864,0001,632,0006,126,0006,631,0008,443,0007,506,0002,058,000
Employee Costs42,115,00045,751,00044,514,00042,498,00039,046,00039,015,00045,216,00034,566,00028,935,00030,889,00031,622,00022,908,00019,506,00018,652,00014,854,000
Number Of Employees577665680658663656591475488581619479406352315
EBITDA*-1,115,00019,473,00012,643,00025,553,0007,292,00023,193,00029,219,00030,764,00032,398,00017,659,00018,440,00014,507,00012,671,00011,813,0007,153,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets129,553,000127,055,000173,997,000179,210,000187,270,000145,701,000116,323,000110,071,00087,364,00078,920,00087,880,00080,074,00039,224,00024,628,00021,365,000
Intangible Assets73,273,00078,446,00095,866,000105,772,000118,456,000121,775,000108,513,000103,972,00086,843,00082,079,00075,859,00054,165,00032,706,00030,645,00018,474,000
Investments & Other000075,0008,012,0007,755,0006,889,0008,000,000003,205,000000
Debtors (Due After 1 year)0007,821,0005,679,0000000000000
Total Fixed Assets202,826,000205,501,000269,863,000277,161,000300,047,000267,476,000224,836,000214,043,000174,207,000160,999,000163,739,000134,239,00071,930,00055,273,00039,839,000
Stock & work in progress24,577,00034,161,00031,710,00030,887,00030,668,00035,709,00033,044,00028,498,00021,215,00018,276,00017,702,00018,351,00015,122,00011,603,00010,789,000
Trade Debtors31,770,00039,536,00029,574,00027,318,00025,382,00018,615,00018,440,00014,424,00012,666,00012,809,0009,312,0009,870,0007,244,0009,458,0007,616,000
Group Debtors000000000000000
Misc Debtors6,450,0005,292,0009,286,00011,257,0007,683,00019,400,00014,829,00016,444,00010,384,00011,654,00013,595,0009,316,0007,094,0007,283,0005,645,000
Cash5,617,00011,620,00010,791,00024,663,0008,800,00020,807,00045,612,0004,957,0004,644,0005,584,0003,258,0002,773,0003,233,00012,507,0004,233,000
misc current assets000000000000000
total current assets70,688,00090,609,00081,361,00094,125,00072,533,00094,531,000111,925,00064,323,00048,909,00048,323,00043,867,00040,310,00032,693,00040,851,00028,283,000
total assets273,514,000296,110,000351,224,000371,286,000372,580,000362,007,000336,761,000278,366,000223,116,000209,322,000207,606,000174,549,000104,623,00096,124,00068,122,000
Bank overdraft006,230,0006,201,0002,034,000000000049,0004,077,0006,573,000
Bank loan4,153,0006,225,000000007,652,0003,162,00013,867,0004,002,0001,687,000000
Trade Creditors 15,243,00017,007,00020,878,00022,098,00017,298,00025,343,00023,554,00023,331,00012,832,00014,518,00015,090,00016,046,00011,630,00012,521,00010,959,000
Group/Directors Accounts000000000000000
other short term finances65,000000000016,649,0005,183,0009,000,00010,000,00001,134,0000
hp & lease commitments5,865,0004,843,0004,694,0004,798,0003,083,00000079,000853,000802,000741,000000
other current liabilities30,793,00023,234,00021,233,00015,448,00010,231,00023,550,00021,362,00020,539,00015,328,00012,246,0007,024,0005,663,00011,527,0006,418,0005,811,000
total current liabilities56,119,00051,309,00053,035,00048,545,00032,646,00048,893,00044,916,00051,522,00048,050,00046,667,00035,918,00034,137,00023,206,00024,150,00023,343,000
loans92,670,000133,338,000120,116,000117,530,000135,262,0000073,708,00049,736,00059,661,00092,242,00066,042,00014,210,0002,818,00029,794,000
hp & lease commitments40,435,00046,026,00049,693,00042,226,00044,895,0000000113,000903,0001,734,00018,00000
Accruals and Deferred Income0000000000000045,000
other liabilities0000000000001,562,0008,291,0000
provisions2,550,0006,144,0007,020,0007,082,0003,720,0007,672,0001,332,0004,334,0005,844,0007,868,00000000
total long term liabilities47,610,00069,741,00063,568,00062,306,00069,491,0003,836,000666,00039,021,00028,032,00041,480,00059,437,00050,214,0008,667,0009,700,00014,942,000
total liabilities103,729,000121,050,000116,603,000110,851,000102,137,00052,729,00045,582,00090,543,00076,082,00088,147,00095,355,00084,351,00031,873,00033,850,00038,285,000
net assets169,785,000175,060,000234,621,000260,435,000266,593,000305,730,000287,950,000184,666,000144,601,000119,056,000110,498,00090,198,00072,750,00062,274,00029,837,000
total shareholders funds169,785,000175,060,000234,621,000260,435,000266,593,000305,730,000287,950,000184,666,000144,601,000119,056,000110,498,00090,198,00072,750,00062,274,00029,837,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-25,779,000-72,976,000-19,978,000-5,517,000-18,802,0008,660,00017,194,00019,826,00021,166,0007,167,0007,346,0007,014,0007,373,0007,208,0003,044,000
Depreciation13,186,00014,529,00017,163,00016,664,00014,067,0008,424,0005,637,0005,561,0006,192,0006,590,0008,503,0005,998,0004,175,0003,619,0003,372,000
Amortisation11,478,00077,920,00015,458,00014,406,00012,027,0006,109,0006,388,0005,377,0005,040,0003,902,0002,591,0001,495,0001,123,000986,000737,000
Tax-567,000862,000-8,811,0001,001,000-10,180,000-5,558,000-435,000-340,000773,000-3,247,000934,000503,0001,551,0001,172,0000
Stock-9,584,0002,451,000823,000219,000-5,041,0002,665,0004,546,0007,283,0002,939,000574,000-649,0003,229,0003,519,000814,00010,789,000
Debtors-6,608,0005,968,000-7,536,0007,652,000729,0004,746,0002,401,0007,818,000-1,413,0001,556,0003,721,0004,848,000-2,403,0003,480,00013,261,000
Creditors-1,764,000-3,871,000-1,220,0004,800,000-8,045,0001,789,000223,00010,499,000-1,686,000-572,000-956,0004,416,000-891,0001,562,00010,959,000
Accruals and Deferred Income7,559,0002,001,0005,785,0005,217,000-13,319,0002,188,000823,0005,211,0003,082,0005,222,0001,361,000-5,864,0005,109,000562,0005,856,000
Deferred Taxes & Provisions-3,594,000-876,000-62,0003,362,000-3,952,0006,340,000-3,002,000-1,510,000-2,024,0007,868,00000000
Cash flow from operations16,711,0009,170,00015,048,00032,062,000-23,892,00020,541,00019,881,00029,523,00031,017,00024,800,00016,707,0005,485,00017,324,00010,815,000-82,000
Investing Activities
capital expenditure-21,989,000-28,087,000-17,502,000-10,326,000-64,344,000-57,173,000-22,818,000-50,774,000-24,440,000-7,752,000-40,594,000-69,802,000-21,955,000-20,039,000-43,948,000
Change in Investments000-75,000-7,937,000257,000866,000-1,111,0008,000,0000-3,205,0003,205,000000
cash flow from investments-21,989,000-28,087,000-17,502,000-10,251,000-56,407,000-57,430,000-23,684,000-49,663,000-32,440,000-7,752,000-37,389,000-73,007,000-21,955,000-20,039,000-43,948,000
Financing Activities
Bank loans-2,072,0006,225,0000000-7,652,0004,490,000-10,705,0009,865,0002,315,0001,687,000000
Group/Directors Accounts000000000000000
Other Short Term Loans 65,000000000-16,649,00011,466,000-3,817,000-1,000,00010,000,000-1,134,0001,134,0000
Long term loans-40,668,00013,222,0002,586,000-17,732,000135,262,0000-73,708,00023,972,000-9,925,000-32,581,00026,200,00051,832,00011,392,000-26,976,00029,794,000
Hire Purchase and Lease Commitments-4,569,000-3,518,0007,363,000-954,00047,978,00000-79,000-887,000-739,000-770,0002,457,00018,00000
other long term liabilities00000000000-1,562,000-6,729,0008,291,0000
share issue24,103,00014,980,0005,566,000-3,265,000-4,354,00016,814,00088,724,00022,206,0005,681,0006,926,00014,174,00010,817,0002,033,00024,931,00027,779,000
interest-3,032,000-2,427,000-2,213,000-2,165,000-1,458,00087,000-2,099,000-1,463,000-1,790,000-1,924,000-2,154,000-886,000-481,000-874,000-986,000
cash flow from financing-26,173,00028,482,00013,302,000-24,116,000177,428,00016,901,0005,265,00032,477,000-6,160,000-22,270,00038,765,00074,345,0005,099,0006,506,00056,587,000
cash and cash equivalents
cash-6,003,000829,000-13,872,00015,863,000-12,007,000-24,805,00040,655,000313,000-940,0002,326,000485,000-460,000-9,274,0008,274,0004,233,000
overdraft0-6,230,00029,0004,167,0002,034,000000000-49,000-4,028,000-2,496,0006,573,000
change in cash-6,003,0007,059,000-13,901,00011,696,000-14,041,000-24,805,00040,655,000313,000-940,0002,326,000485,000-411,000-5,246,00010,770,000-2,340,000

iqe plc Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Iqe Plc Competitor Analysis

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Perform a competitor analysis for iqe plc by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in CF3 area or any other competitors across 12 key performance metrics.

iqe plc Ownership

IQE PLC group structure

Iqe Plc has 4 subsidiary companies.

IQE PLC Shareholders

undisclosed 69.26%
t rowe price inc 9.08%
axa framlington investment management 7.47%
miton asset management 5.17%
richard i. griffiths 4.58%
herald investment management 4.44%

iqe plc directors

Iqe Plc currently has 7 directors. The longest serving directors include Mrs Ellen Chesney (May 2019) and Ms Victoria Hull (Aug 2021).

officercountryagestartendrole
Mrs Ellen Chesney62 years May 2019- Director
Ms Victoria Hull62 years Aug 2021- Director
Mr Harmesh Suniara54 years Jun 2023- Director
Ms Maria Marced70 years Jan 2024- Director
Mr Bamdad Bastani71 years Jan 2024- Director
Ms Jutta Meier58 years Jan 2024- Director
Mr Mark Cubitt62 years Oct 2024- Director

P&L

December 2023

turnover

115.3m

-31%

operating profit

-25.8m

-65%

gross margin

2.1%

-87.18%

turnover

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

Balance Sheet

December 2023

net assets

169.8m

-0.03%

total assets

273.5m

-0.08%

cash

5.6m

-0.52%

net assets

Total assets minus all liabilities

iqe plc company details

company number

03745726

Type

Public limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

April 1999

age

26

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

December 2023

previous names

filbuk 566 public limited company (April 1999)

accountant

-

auditor

KPMG LLP

address

pascal close, st mellons, cardiff, south glamorgan, CF3 0LW

Bank

HSBC BANK PLC

Legal Advisor

-

iqe plc 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 17 charges/mortgages relating to iqe plc. Currently there are 10 open charges and 7 have been satisfied in the past.

iqe plc Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

Click to start generating capital raising & share issue transactions for IQE PLC. This can take several minutes, an email will notify you when this has completed.

iqe plc Companies House Filings - See Documents

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