Quortus Limited

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quortus limited Company Information

Live (In Liquidation)

MatureMicroDeclining

Company Number

04276565

Next Accounts

28 days late

Industry

Wireless telecommunications activities

Directors

Shareholders

andrew james odgers

mark andrew bole

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Group Structure

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Contact

Registered Address

20 st andrew street, london, EC4A 3AG

Website

www.quortus.com

quortus limited Estimated Valuation

£7.6m

Pomanda estimates the enterprise value of QUORTUS LIMITED at £7.6m based on Net Assets of £2.9m and 2.62x industry multiple (adjusted for liquidity).

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Quortus Limited is a live company located in london, EC4A 3AG with a Companies House number of 04276565. It operates in the wireless telecommunications activities sector, SIC Code 61200. Founded in August 2001, it's largest shareholder is andrew james odgers with a 56% stake. Quortus Limited is a mature, micro sized company, Pomanda has estimated its turnover at £469.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Quortus Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £469.8k, make it smaller than the average company (£6.2m)

Growth

3 year (CAGR) sales growth of -58%, show it is growing at a slower rate (5.1%)

EXPORT

Quortus Limited's latest turnover from March 2023 is estimated at £469.8 thousand and the company has net assets of £2.9 million. According to their latest financial statements, Quortus Limited has 2 employees and maintains cash reserves of £2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	469,825	1,892,945	7,208,036	6,215,622	6,007,563	4,794,091	5,165,107	3,250,801	3,890,249	2,261,317	3,667,276	2,393,915	1,090,886	1,051,052
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	303,172	1,183,575	4,389,596	3,836,599	3,578,342	2,961,588	3,185,634	1,945,711	2,284,342	1,388,180	2,266,041	1,432,159	678,410	632,440
Gross Profit	166,653	709,369	2,818,440	2,379,023	2,429,221	1,832,503	1,979,472	1,305,090	1,605,907	873,137	1,401,235	961,756	412,476	418,611
Admin Expenses	-41,954	205,190	3,213,347	2,656,399	2,775,462	1,617,802	2,591,898	1,028,423	1,221,249	753,462	1,069,219	698,197	174,209	306,704
Operating Profit	208,607	504,179	-394,907	-277,376	-346,241	214,701	-612,426	276,667	384,658	119,675	332,016	263,559	238,267	111,907
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	115,802	16,255	619	351	3,149	1,636	1,019	3,128	3,614	3,761	2,812	1,928	989	308
Pre-Tax Profit	324,409	520,435	-394,288	-277,025	-343,092	216,337	-611,407	279,795	388,272	123,436	334,828	265,486	239,256	112,215
Tax	-61,638	-98,883	0	0	0	-41,104	0	-55,959	-81,537	-28,390	-80,359	-69,026	-66,992	-31,420
Profit After Tax	262,771	421,552	-394,288	-277,025	-343,092	175,233	-611,407	223,836	306,735	95,046	254,469	196,460	172,264	80,795
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	262,771	421,552	-394,288	-277,025	-343,092	175,233	-611,407	223,836	306,735	95,046	254,469	196,460	172,264	80,795
Employee Costs	127,203	993,741	1,382,101	1,428,746	1,142,459	1,331,810	1,065,351	728,000	800,254	421,537	837,678	597,691	297,595	243,196
Number Of Employees	2	17	24	24	22	23	18	13	15	8	15	11	6	5
EBITDA*	208,607	750,605	13,605	142,531	-223,284	417,450	-593,118	284,791	395,448	128,692	333,565	263,559	238,267	111,907

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	0	0	119,197	163,509	197,633	26,460	15,294	7,177	6,432	10,928	5,409	0	0	0
Intangible Assets	0	0	1,551,920	1,471,087	1,316,383	670,774	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	1,304,348	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	1,304,348	1,671,117	1,634,596	1,514,016	697,234	15,294	7,177	6,432	10,928	5,409	0	0	0
Stock & work in progress	0	0	0	0	0	200,000	0	0	0	0	0	0	0	0
Trade Debtors	110,998	334,477	1,475,824	1,340,080	1,378,611	1,326,463	1,116,871	917,132	841,157	357,238	515,990	369,251	164,432	152,236
Group Debtors	0	0	0	0	44,355	0	0	0	0	0	0	0	0	0
Misc Debtors	1,334,805	79,116	604,744	128,083	151,353	57,231	0	115,345	0	0	0	0	0	0
Cash	1,966,909	3,482,577	852,127	385,915	316,727	523,056	131,465	683,956	567,072	878,719	625,648	499,078	272,117	123,356
misc current assets	0	0	0	0	0	0	0	14	0	0	0	0	0	0
total current assets	3,412,712	3,896,170	2,932,695	1,854,078	1,891,046	2,106,750	1,248,336	1,716,447	1,408,229	1,235,957	1,141,638	868,329	436,549	275,592
total assets	3,412,712	5,200,518	4,603,812	3,488,674	3,405,062	2,803,984	1,263,630	1,723,624	1,414,661	1,246,885	1,147,047	868,329	436,549	275,592
Bank overdraft	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
Trade Creditors	6,518	8,541	323,432	404,733	578,610	147,579	545,400	101,116	308,891	447,850	443,058	418,809	183,489	194,796
Group/Directors Accounts	0	0	0	0	0	0	0	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	26,912	0	0	0	0	0	0	0	0	0
other current liabilities	497,566	2,546,120	1,755,430	1,410,536	849,110	762,883	0	292,902	0	0	0	0	0	0
total current liabilities	504,084	2,554,661	2,078,862	1,815,269	1,454,632	910,462	545,400	394,018	308,891	447,850	443,058	418,809	183,489	194,796
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	420,833	400,000	400,000	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	0	0	420,833	400,000	400,000	0	0	0	0	0	0	0	0	0
total liabilities	504,084	2,554,661	2,499,695	2,215,269	1,854,632	910,462	545,400	394,018	308,891	447,850	443,058	418,809	183,489	194,796
net assets	2,908,628	2,645,857	2,104,117	1,273,405	1,550,430	1,893,522	718,230	1,329,606	1,105,770	799,035	703,989	449,520	253,060	80,796
total shareholders funds	2,908,628	2,645,857	2,104,117	1,273,405	1,550,430	1,893,522	718,230	1,329,606	1,105,770	799,035	703,989	449,520	253,060	80,796

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	208,607	504,179	-394,907	-277,376	-346,241	214,701	-612,426	276,667	384,658	119,675	332,016	263,559	238,267	111,907
Depreciation	0	21,214	48,189	48,380	71,034	35,056	19,308	8,124	10,790	9,017	1,549	0	0	0
Amortisation	0	225,212	360,323	371,527	51,923	167,693	0	0	0	0	0	0	0	0
Tax	-61,638	-98,883	0	0	0	-41,104	0	-55,959	-81,537	-28,390	-80,359	-69,026	-66,992	-31,420
Stock	0	0	0	0	-200,000	200,000	0	0	0	0	0	0	0	0
Debtors	-272,138	-362,627	612,405	-106,156	190,625	266,823	84,394	191,320	483,919	-158,752	146,739	204,819	12,196	152,236
Creditors	-2,023	-314,891	-81,301	-173,877	431,031	-397,821	444,284	-207,775	-138,959	4,792	24,249	235,320	-11,307	194,796
Accruals and Deferred Income	-2,048,554	790,690	344,894	561,426	86,227	762,883	-292,902	292,902	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	-1,631,470	1,490,148	-335,207	636,236	303,349	274,585	-526,130	122,639	-308,967	263,846	130,716	225,034	147,772	123,047
Investing Activities
capital expenditure	0	1,424,691	-445,033	-540,487	-939,739	-884,689	-27,425	-8,869	-6,294	-14,536	-6,958	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	1,424,691	-445,033	-540,487	-939,739	-884,689	-27,425	-8,869	-6,294	-14,536	-6,958	0	0	0
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	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	-26,912	26,912	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-420,833	20,833	0	400,000	0	0	0	0	0	0	0	0	0
share issue	0	120,188	1,225,000	0	0	1,000,059	31	0	0	0	0	0	0	1
interest	115,802	16,255	619	351	3,149	1,636	1,019	3,128	3,614	3,761	2,812	1,928	989	308
cash flow from financing	115,802	-284,390	1,246,452	-26,561	430,061	1,001,695	1,050	3,128	3,614	3,761	2,812	1,928	989	309
cash and cash equivalents
cash	-1,515,668	2,630,450	466,212	69,188	-206,329	391,591	-552,491	116,884	-311,647	253,071	126,570	226,961	148,761	123,356
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-1,515,668	2,630,450	466,212	69,188	-206,329	391,591	-552,491	116,884	-311,647	253,071	126,570	226,961	148,761	123,356

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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QUORTUS LIMITED group structure

Quortus Limited has no subsidiary companies.

Ultimate parent company

QUORTUS LIMITED

04276565

QUORTUS LIMITED Shareholders

andrew james odgers	56.01%
mark andrew bole	18.01%
cellxion limited	14.12%
inc. communications systems	5.7%
riki benjamin dolby	1.74%
rosemary hood	0.56%
howard walker	0.45%
gwyn williams	0.45%
steve thomas	0.45%
piers powell	0.45%

Quortus Limited currently has 1 director, undefined undefined serving since - .

officer	country	age	start	end	role

P&L

March 2023

turnover

469.8k

-75%

operating profit

208.6k

gross margin

35.5%

-5.35%

turnover

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

Balance Sheet

March 2023

net assets

2.9m

+0.1%

total assets

3.4m

-0.34%

cash

-0.44%

net assets

Total assets minus all liabilities

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company number

04276565

Type

Private limited with Share Capital

industry

61200 - Wireless telecommunications activities

incorporation date

August 2001

ultimate parent company

None

previous names

N/A

address

20 st andrew street, london, EC4A 3AG

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 2 charges/mortgages relating to quortus limited. Currently there are 0 open charges and 2 have been satisfied in the past.

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quortus limited Company Information

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