qinetiq limited

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qinetiq limited Company Information

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Company Number

03796233

Registered Address

cody technology park ively road, farnborough, hampshire, GU14 0LX

Industry

Engineering related scientific and technical consulting activities

 

Technical testing and analysis

 
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Telephone

01252375111

Next Accounts Due

December 2024

Group Structure

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Directors

David Smith3 Years

Peter Montague-Fuller3 Years

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Shareholders

qinetiq holdings ltd 100%

secretary of state for defence 0%

qinetiq limited Estimated Valuation

£1.5b

Pomanda estimates the enterprise value of QINETIQ LIMITED at £1.5b based on a Turnover of £1b and 1.47x industry multiple (adjusted for size and gross margin).

qinetiq limited Estimated Valuation

£1.9b

Pomanda estimates the enterprise value of QINETIQ LIMITED at £1.9b based on an EBITDA of £187.2m and a 9.94x industry multiple (adjusted for size and gross margin).

qinetiq limited Estimated Valuation

£1.9b

Pomanda estimates the enterprise value of QINETIQ LIMITED at £1.9b based on Net Assets of £707.2m and 2.65x industry multiple (adjusted for liquidity).

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Qinetiq Limited AI Business Plan

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Qinetiq Limited Overview

Qinetiq Limited is a live company located in hampshire, GU14 0LX with a Companies House number of 03796233. It operates in the engineering related scientific and technical consulting activities sector, SIC Code 71122. Founded in June 1999, it's largest shareholder is qinetiq holdings ltd with a 100% stake. Qinetiq Limited is a mature, mega sized company, Pomanda has estimated its turnover at £1b with healthy growth in recent years.

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Qinetiq Limited Health Check

Pomanda's financial health check has awarded Qinetiq Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

2 Regular

positive_score

2 Weak

size

Size

annual sales of £1b, make it larger than the average company (£2.8m)

£1b - Qinetiq Limited

£2.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (3.8%)

12% - Qinetiq Limited

3.8% - Industry AVG

production

Production

with a gross margin of 43.4%, this company has a comparable cost of product (43.4%)

43.4% - Qinetiq Limited

43.4% - Industry AVG

profitability

Profitability

an operating margin of 14% make it more profitable than the average company (5.6%)

14% - Qinetiq Limited

5.6% - Industry AVG

employees

Employees

with 4863 employees, this is above the industry average (28)

4863 - Qinetiq Limited

28 - Industry AVG

paystructure

Pay Structure

on an average salary of £67.8k, the company has a higher pay structure (£48.9k)

£67.8k - Qinetiq Limited

£48.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £211.6k, this is more efficient (£99.3k)

£211.6k - Qinetiq Limited

£99.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 43 days, this is earlier than average (61 days)

43 days - Qinetiq Limited

61 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 61 days, this is slower than average (35 days)

61 days - Qinetiq Limited

35 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 8 days, this is less than average (61 days)

8 days - Qinetiq Limited

61 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (26 weeks)

9 weeks - Qinetiq Limited

26 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 47%, this is a similar level of debt than the average (52.1%)

47% - Qinetiq Limited

52.1% - Industry AVG

qinetiq limited 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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Qinetiq Limited Competitor Analysis

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qinetiq limited Ownership

QINETIQ LIMITED Shareholders

qinetiq holdings ltd 100%
secretary of state for defence 0%

qinetiq limited directors

Qinetiq Limited currently has 5 directors. The longest serving directors include Mr David Smith (Jul 2020) and Mr Peter Montague-Fuller (Mar 2021).

officercountryagestartendrole
Mr David Smith63 years Jul 2020- Director
Mr Peter Montague-Fuller56 years Mar 2021- Director
Mr James Field48 years Jul 2022- Director
Mr Grant Minnican55 years Sep 2022- Director
Mrs Heather Cashin43 years Sep 2022- Director

QINETIQ LIMITED financials

EXPORTms excel logo

Qinetiq Limited's latest turnover from March 2023 is £1 billion and the company has net assets of £707.2 million. According to their latest financial statements, Qinetiq Limited has 4,863 employees and maintains cash reserves of £91.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover1,029,100,000953,900,000846,300,000736,700,000653,700,000623,300,000609,300,000612,400,000620,800,000614,600,000589,900,000618,300,000663,900,000771,600,000
Other Income Or Grants00000000000000
Cost Of Sales582,117,176516,665,876453,695,701397,007,885342,836,200330,222,647314,203,109297,587,231315,501,148298,577,893293,369,768329,548,467318,891,348367,265,496
Gross Profit446,982,824437,234,124392,604,299339,692,115310,863,800293,077,353295,096,891314,812,769305,298,852316,022,107296,530,232288,751,533345,008,652404,334,504
Admin Expenses302,582,824273,634,124285,304,299217,292,115215,663,800168,677,353191,196,891154,715,519298,890,532176,022,107198,130,23286,551,533364,008,652383,934,504
Operating Profit144,400,000163,600,000107,300,000122,400,00095,200,000124,400,000103,900,000160,097,2506,408,320140,000,00098,400,000202,200,000-19,000,00020,400,000
Interest Payable6,900,0002,300,0003,100,0002,400,0002,500,0003,100,0003,000,0003,900,0003,200,00062,500,00058,300,00072,500,00067,700,0006,200,000
Interest Receivable31,700,00013,800,00017,000,00019,600,00019,100,00013,300,00010,000,00015,400,00011,700,00076,200,00073,600,00081,500,00074,700,0004,000,000
Pre-Tax Profit200,000,000178,900,000117,500,000130,200,000111,300,000105,900,00059,400,000113,600,000-21,500,000178,900,000150,200,000276,500,000-40,200,000-19,400,000
Tax-32,600,000-44,600,000-20,400,000-16,800,000-3,700,000-9,100,000-9,800,00010,700,00022,800,000-29,000,000-18,900,000-55,600,0003,700,0001,600,000
Profit After Tax167,400,000134,300,00097,100,000113,400,000107,600,00096,800,00049,600,000124,300,0001,300,000149,900,000131,300,000220,900,000-36,500,000-17,800,000
Dividends Paid242,600,00040,200,00046,100,000199,900,00023,600,000121,400,000000184,000,0000000
Retained Profit-75,200,00094,100,00051,000,000-86,500,00084,000,000-24,600,00049,600,000124,300,0001,300,000-34,100,000131,300,000220,900,000-36,500,000-17,800,000
Employee Costs329,500,000302,500,000298,100,000280,900,000274,300,000272,100,000263,900,000261,200,000241,500,000234,600,000234,800,000259,500,000315,100,000333,500,000
Number Of Employees4,8634,8814,7534,5634,6324,9615,1425,2505,1945,0585,0335,1645,8416,742
EBITDA*187,200,000202,700,000143,000,000155,000,000132,000,000149,100,000129,400,000182,297,25024,808,320159,500,000127,500,000236,700,00017,700,00053,000,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets389,900,000367,600,000344,100,000670,200,000578,900,000584,500,000423,300,000235,500,000231,200,000222,300,000225,500,000237,800,000252,700,000271,500,000
Intangible Assets31,300,00021,700,00016,000,00015,500,00011,300,00010,600,0001,200,0001,700,0002,200,000800,000400,0003,600,00011,800,00020,100,000
Investments & Other125,100,000367,800,000220,200,000315,800,000265,100,0005,100,0005,600,0005,700,0006,000,00020,900,00084,400,00096,100,00095,700,00095,700,000
Debtors (Due After 1 year)00000029,100,00000050,400,000136,000,000307,100,0000
Total Fixed Assets546,300,000757,100,000580,300,000685,700,000590,200,000595,100,000424,500,000237,200,000233,400,000244,000,000360,700,000473,500,000667,300,000387,300,000
Stock & work in progress13,700,0008,900,0007,600,0006,200,0004,300,0004,600,0003,900,0003,900,0005,500,0006,700,0007,700,0009,900,00021,100,00050,600,000
Trade Debtors121,800,000106,400,000143,900,00048,800,00046,700,00033,400,00090,000,00088,300,000102,700,000120,800,000112,000,000139,400,000149,300,000102,500,000
Group Debtors442,400,000374,800,000357,000,000377,800,000422,200,000331,200,000407,100,000377,500,000339,700,000230,000,000207,900,00030,900,00017,300,000371,300,000
Misc Debtors117,000,000136,400,00028,000,00054,500,00059,500,00062,900,00014,100,00010,000,00020,300,00010,600,00013,000,00084,300,00038,300,00016,700,000
Cash91,300,000199,600,000138,500,00052,500,000139,400,000213,000,000175,800,000240,800,000160,900,000271,400,000213,000,00085,700,00073,500,00043,900,000
misc current assets1,300,000600,000900,0006,700,0002,400,00018,600,00011,600,00012,000,00014,000,0001,500,0001,000,000800,0001,600,0001,600,000
total current assets787,500,000826,700,000675,900,000546,500,000674,500,000663,700,000702,500,000732,500,000643,100,000641,000,000554,600,000351,000,000301,100,000586,600,000
total assets1,333,800,0001,583,800,0001,256,200,0001,232,200,0001,264,700,0001,258,800,0001,127,000,000969,700,000876,500,000885,000,000915,300,000824,500,000968,400,000973,900,000
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 98,500,00052,700,000189,800,00037,000,00044,900,00065,900,00027,100,00025,100,00025,800,00026,100,00019,900,00015,500,00013,400,00031,200,000
Group/Directors Accounts12,800,0008,800,00013,400,00000000010,700,00070,300,0004,600,00012,800,0007,800,000
other short term finances00000000000000
hp & lease commitments700,0001,300,0003,400,0004,000,0003,700,000900,000800,0001,300,000900,000400,000300,000300,00000
other current liabilities381,400,000365,200,000131,100,000260,800,000264,100,000259,200,000292,500,000344,400,000306,400,000320,900,000303,900,000348,200,000295,000,000239,100,000
total current liabilities493,400,000428,000,000337,700,000301,800,000312,700,000326,000,000320,400,000370,800,000333,100,000358,100,000394,400,000368,600,000321,200,000278,100,000
loans300,000600,000900,00059,000,00059,900,0001,900,00057,100,00058,400,000117,800,00062,000,000036,600,000283,900,000274,900,000
hp & lease commitments24,100,00024,700,00025,500,00029,200,00029,800,000028,400,00029,100,00030,400,00031,300,00031,700,00032,000,00000
Accruals and Deferred Income00000000000000
other liabilities14,000,00015,200,00042,500,00023,400,00019,300,00044,600,00011,600,000600,000600,00000001,000,000
provisions94,800,000147,500,00077,400,000182,000,000128,600,000157,200,000102,200,000110,400,000113,600,00017,600,00019,000,00014,900,00031,400,00034,600,000
total long term liabilities133,200,000188,000,000146,300,000144,200,000113,700,000125,100,00091,400,00085,100,000144,800,000110,900,00059,200,00083,500,000407,500,000416,600,000
total liabilities626,600,000616,000,000484,000,000446,000,000426,400,000451,100,000411,800,000455,900,000477,900,000469,000,000453,600,000452,100,000728,700,000694,700,000
net assets707,200,000967,800,000772,200,000786,200,000838,300,000807,700,000715,200,000513,800,000398,600,000416,000,000461,700,000372,400,000239,700,000279,200,000
total shareholders funds707,200,000967,800,000772,200,000786,200,000838,300,000807,700,000715,200,000513,800,000398,600,000416,000,000461,700,000372,400,000239,700,000279,200,000
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit144,400,000163,600,000107,300,000122,400,00095,200,000124,400,000103,900,000160,097,2506,408,320140,000,00098,400,000202,200,000-19,000,00020,400,000
Depreciation39,500,00036,800,00033,600,00030,100,00035,100,00022,800,00024,400,00021,200,00018,400,00019,200,00025,700,00026,400,00026,400,00028,500,000
Amortisation3,300,0002,300,0002,100,0002,500,0001,700,0001,900,0001,100,0001,000,0000300,0003,400,0008,100,00010,300,0004,100,000
Tax-32,600,000-44,600,000-20,400,000-16,800,000-3,700,000-9,100,000-9,800,00010,700,00022,800,000-29,000,000-18,900,000-55,600,0003,700,0001,600,000
Stock4,800,0001,300,0001,400,0001,900,000-300,000700,0000-1,600,000-1,200,000-1,000,000-2,200,000-11,200,000-29,500,00050,600,000
Debtors63,600,00088,700,00047,800,000-47,300,000100,900,000-112,800,00064,500,00013,100,000101,300,000-21,900,000-7,300,000-121,400,00021,500,000490,500,000
Creditors45,800,000-137,100,000152,800,000-7,900,000-21,000,00038,800,0002,000,000-700,000-300,0006,200,0004,400,0002,100,000-17,800,00031,200,000
Accruals and Deferred Income16,200,000234,100,000-129,700,000-3,300,0004,900,000-33,300,000-51,900,00038,000,000-14,500,00017,000,000-44,300,00053,200,00055,900,000239,100,000
Deferred Taxes & Provisions-52,700,00070,100,000-104,600,00053,400,000-28,600,00055,000,000-8,200,000-3,200,00096,000,000-1,400,0004,100,000-16,500,000-3,200,00034,600,000
Cash flow from operations95,500,000235,200,000-8,100,000225,800,000-17,000,000312,600,000-3,000,000215,597,25028,708,320175,200,00082,300,000352,500,00064,300,000-181,600,000
Investing Activities
capital expenditure-74,700,000-68,300,000289,900,000-128,100,000-31,900,000-195,300,000-212,800,000-26,000,000-28,700,000-16,700,000-13,600,000-11,400,000-9,600,000-324,200,000
Change in Investments-242,700,000147,600,000-95,600,00050,700,000260,000,000-500,000-100,000-300,000-14,900,000-63,500,000-11,700,000400,000095,700,000
cash flow from investments168,000,000-215,900,000385,500,000-178,800,000-291,900,000-194,800,000-212,700,000-25,700,000-13,800,00046,800,000-1,900,000-11,800,000-9,600,000-419,900,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts4,000,000-4,600,00013,400,00000000-10,700,000-59,600,00065,700,000-8,200,0005,000,0007,800,000
Other Short Term Loans 00000000000000
Long term loans-300,000-300,000-58,100,000-900,00058,000,000-55,200,000-1,300,000-59,400,00055,800,00062,000,000-36,600,000-247,300,0009,000,000274,900,000
Hire Purchase and Lease Commitments-1,200,000-2,900,000-4,300,000-300,00032,600,000-28,300,000-1,200,000-900,000-400,000-300,000-300,00032,300,00000
other long term liabilities-1,200,000-27,300,00019,100,0004,100,000-25,300,00033,000,00011,000,0000600,000000-1,000,0001,000,000
share issue-185,400,000101,500,000-65,000,00034,400,000-53,400,000117,100,000151,800,000-9,100,000-18,700,000-11,600,000-42,000,000-88,200,000-3,000,000297,000,000
interest24,800,00011,500,00013,900,00017,200,00016,600,00010,200,0007,000,00011,500,0008,500,00013,700,00015,300,0009,000,0007,000,000-2,200,000
cash flow from financing-159,300,00077,900,000-81,000,00054,500,00028,500,00076,800,000167,300,000-57,900,00035,100,0004,200,0002,100,000-302,400,00017,000,000578,500,000
cash and cash equivalents
cash-108,300,00061,100,00086,000,000-86,900,000-73,600,00037,200,000-65,000,00079,900,000-110,500,00058,400,000127,300,00012,200,00029,600,00043,900,000
overdraft00000000000000
change in cash-108,300,00061,100,00086,000,000-86,900,000-73,600,00037,200,000-65,000,00079,900,000-110,500,00058,400,000127,300,00012,200,00029,600,00043,900,000

P&L

March 2023

turnover

1b

+8%

operating profit

144.4m

-12%

gross margin

43.5%

-5.24%

turnover

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

Balance Sheet

March 2023

net assets

707.2m

-0.27%

total assets

1.3b

-0.16%

cash

91.3m

-0.54%

net assets

Total assets minus all liabilities

qinetiq limited company details

company number

03796233

Type

Private limited with Share Capital

industry

72190 - Other research and experimental development on natural sciences and engineering

71122 - Engineering related scientific and technical consulting activities

71200 - Technical testing and analysis

incorporation date

June 1999

age

25

accounts

Full Accounts

ultimate parent company

previous names

defence evaluation and research agency limited (April 2001)

clausedirect limited (September 1999)

incorporated

UK

address

cody technology park ively road, farnborough, hampshire, GU14 0LX

last accounts submitted

March 2023

qinetiq 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 6 charges/mortgages relating to qinetiq limited. Currently there are 0 open charges and 6 have been satisfied in the past.

charges

qinetiq limited Companies House Filings - See Documents

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