Pomanda estimates the enterprise value of NEXTEQ PLC at £122.4m based on a Turnover of £90.1m and 1.36x industry multiple (adjusted for size and gross margin).
nexteq plcEstimated Valuation
£108.5m
Pomanda estimates the enterprise value of NEXTEQ PLC at £108.5m based on an EBITDA of £11.7m and a 9.25x industry multiple (adjusted for size and gross margin).
nexteq plcEstimated Valuation
£146m
Pomanda estimates the enterprise value of NEXTEQ PLC at £146m based on Net Assets of £64.9m and 2.25x industry multiple (adjusted for liquidity).
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Nexteq PlcOverview
Nexteq Plc is a live company located in crawley, RH10 1WW with a Companies House number of 04316977. It operates in the other information technology service activities sector, SIC Code 62090. Founded in November 2001, it's largest shareholder is
undisclosed
with a 100% stake. Nexteq Plc is a mature,
large sized company, Pomanda has estimated its turnover at
£90.1m with
high
growth in recent years.
Pomanda's financial health check has awarded Nexteq Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
8 Strong
1 Regular
3 Weak
Size
annual sales of £90.1m, make it larger than the average company (£7.4m)
£90.1m - Nexteq Plc
£7.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (8%)
23% - Nexteq Plc
8% - Industry AVG
Production
with a gross margin of 36.3%, this company has a higher cost of product (51.7%)
36.3% - Nexteq Plc
51.7% - Industry AVG
Profitability
an operating margin of 10.9% make it more profitable than the average company (3.5%)
10.9% - Nexteq Plc
3.5% - Industry AVG
Employees
with 238 employees, this is above the industry average (43)
238 - Nexteq Plc
43 - Industry AVG
Pay Structure
on an average salary of £71.8k, the company has an equivalent pay structure (£74.4k)
£71.8k - Nexteq Plc
£74.4k - Industry AVG
Efficiency
resulting in sales per employee of £378.5k, this is more efficient (£178.1k)
£378.5k - Nexteq Plc
£178.1k - Industry AVG
Debtor Days
it gets paid by customers after 75 days, this is later than average (52 days)
75 days - Nexteq Plc
52 days - Industry AVG
Creditor Days
its suppliers are paid after 61 days, this is slower than average (33 days)
61 days - Nexteq Plc
33 days - Industry AVG
Stock Days
it holds stock equivalent to 121 days, this is more than average (16 days)
121 days - Nexteq Plc
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 79 weeks, this is more cash available to meet short term requirements (14 weeks)
79 weeks - Nexteq Plc
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 19.9%, this is a lower level of debt than the average (64.7%)
19.9% - Nexteq Plc
64.7% - Industry AVG
NEXTEQ PLC financials
EXPORT
Nexteq Plc's latest turnover from December 2023 is £90.1 million and the company has net assets of £64.9 million. According to their latest financial statements, Nexteq Plc has 238 employees and maintains cash reserves of £22.4 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
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
90,088,238
96,283,534
66,774,985
48,891,784
66,089,198
90,441,407
83,713,695
68,071,563
32,330,345
21,838,396
14,352,976
12,778,798
3,404,129
1,825,164
Other Income Or Grants
-16,371,091
-16,787,247
Cost Of Sales
57,376,507
65,316,466
46,922,134
33,523,912
43,137,662
59,214,577
55,382,788
43,892,279
18,938,785
12,217,433
6,730,509
6,099,327
1,622,164
843,383
Gross Profit
32,711,731
30,967,068
3,481,760
-1,419,375
22,951,536
31,226,830
28,330,907
24,179,284
13,391,560
9,620,963
7,622,467
6,679,471
1,781,965
981,782
Admin Expenses
22,918,932
23,792,771
16,112,106
19,772,227
16,569,853
15,114,124
7,314,887
4,770,799
4,048,289
3,693,389
744,817
441,570
128,810
Operating Profit
9,792,799
7,174,297
3,481,760
-1,419,375
6,839,430
11,454,603
11,761,054
9,065,160
6,076,673
4,850,164
3,574,178
2,986,082
1,037,148
540,212
-128,810
Interest Payable
83,511
105,221
120,325
115,727
97,358
231,435
279,473
57,196
20,525
36,127
34,942
62,698
13,563
Interest Receivable
460,883
409,258
1,923
829
375
Pre-Tax Profit
10,170,173
7,069,076
3,770,693
-1,535,101
6,742,072
11,257,462
11,529,619
8,785,687
6,019,478
4,829,639
3,538,052
2,955,286
976,373
527,478
-128,436
Tax
-1,585,126
1,755,020
-1,039,240
-731,913
-788,890
-139,020
-1,455,284
-1,785,311
-1,057,350
-645,183
-724,904
-710,098
-253,857
-147,694
Profit After Tax
8,585,047
8,824,096
2,731,453
-2,267,014
5,953,182
11,118,442
10,074,335
7,000,377
4,962,127
4,184,455
2,813,148
2,245,188
722,516
379,784
-128,436
Dividends Paid
1,416,309
1,975,804
1,818,253
1,295,885
1,054,614
Retained Profit
8,585,047
8,824,096
1,315,144
-2,267,014
3,977,378
9,300,189
8,778,450
5,945,009
4,962,127
4,184,455
2,813,148
2,245,188
722,516
379,784
-128,436
Employee Costs
17,089,734
1,304,418
12,124,464
11,598,712
11,643,639
12,805,529
9,812,246
8,519,774
3,553,872
2,720,991
2,036,127
1,323,068
1,196,993
649,338
Number Of Employees
238
228
207
209
223
203
176
160
138
68
59
45
23
13
EBITDA*
11,732,451
9,834,538
5,419,988
944,206
8,881,093
13,605,089
13,617,135
11,094,539
6,749,883
5,291,461
3,779,685
3,122,298
1,082,456
583,461
-102,124
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
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
9,008,115
10,719,679
6,411,711
7,521,459
5,125,635
5,475,181
5,381,255
5,160,829
5,685,577
3,613,164
2,697,068
2,250,518
1,985,490
529,500
74,335
Intangible Assets
12,448,594
12,476,305
12,283,109
12,407,265
13,207,101
12,203,896
10,941,835
10,580,038
11,899,057
1,526,409
742,079
297,305
Investments & Other
495,601
516,514
464,783
571,958
11,462
9,784
9,760
Debtors (Due After 1 year)
2,367,446
2,689,156
346,413
971,030
243,396
Total Fixed Assets
19,131,804
21,078,714
18,605,916
18,957,694
18,332,736
17,679,076
16,323,089
15,740,866
17,584,634
5,139,573
3,439,147
2,547,823
1,996,952
539,285
84,095
Stock & work in progress
19,174,348
25,838,554
22,290,772
16,555,027
14,446,273
15,267,829
16,281,707
9,717,514
7,176,534
3,766,420
1,558,187
1,432,632
1,053,483
806,431
247,558
Trade Debtors
18,517,293
16,612,048
15,291,232
10,935,776
14,313,122
20,351,869
13,002,529
13,806,403
12,949,451
6,274,631
3,230,086
2,135,623
331,280
145,141
252,979
Group Debtors
Misc Debtors
1,830,930
2,702,811
2,305,334
1,722,869
2,797,623
4,064,561
2,397,118
2,015,065
2,110,063
600,711
287,237
452,472
Cash
22,379,264
10,849,799
14,061,158
14,411,404
12,136,874
8,704,052
8,578,435
6,668,926
2,984,232
3,230,706
4,158,128
1,067,811
587,744
181,624
149,895
misc current assets
total current assets
61,901,836
56,003,213
53,948,498
43,625,077
43,693,894
48,388,313
40,259,790
32,207,910
25,220,281
13,872,469
9,233,639
5,088,540
1,972,507
1,133,196
650,432
total assets
81,033,640
77,081,927
72,554,414
62,582,771
62,026,630
66,067,389
56,582,879
47,948,776
42,804,915
19,012,042
12,672,786
7,636,363
3,969,460
1,672,480
734,527
Bank overdraft
75,874
532,649
1
1
1
Bank loan
71,693
72,289
58,701
416,273
4,453,214
2,089,642
234,575
Trade Creditors
9,710,076
12,068,273
16,349,632
7,486,205
9,075,811
13,151,115
13,490,689
9,814,689
10,299,119
2,870,142
1,084,987
1,208,173
1,122,036
642,511
513,206
Group/Directors Accounts
other short term finances
2,314,113
68,418
102,457
54,486
hp & lease commitments
448,278
451,405
466,738
295,830
290,643
other current liabilities
4,478,845
4,772,689
4,547,056
3,193,592
3,635,192
3,979,735
713,464
3,919,396
1,739,063
975,643
977,198
1,509,031
total current liabilities
14,708,895
17,364,659
21,439,301
11,508,277
13,060,348
17,547,125
18,657,368
15,823,729
14,352,296
3,914,204
2,164,643
2,771,691
1,356,612
642,511
513,206
loans
2,346,174
2,801,605
3,036,480
2,472,408
1,864,126
1,292,804
1,416,200
9,262,522
6,758,386
821,018
1,176,191
1,295,232
1,277,258
417,326
hp & lease commitments
872,134
1,020,883
1,042,305
690,527
403,751
Accruals and Deferred Income
other liabilities
provisions
553,060
626,505
976,394
2,568,975
2,594,314
2,387,683
2,000,152
3,302,447
3,736,279
530,924
332,838
163,458
19,055
10,761
20,127
total long term liabilities
1,449,617
1,714,056
2,006,437
2,520,692
2,229,221
1,840,245
1,708,176
6,282,485
8,626,526
1,086,480
1,342,611
1,376,961
1,296,313
428,088
20,128
total liabilities
16,158,512
19,078,715
23,445,738
14,028,969
15,289,569
19,387,370
20,365,544
22,106,214
22,978,822
5,000,684
3,507,254
4,148,652
2,652,925
1,070,598
533,334
net assets
64,875,128
58,003,212
49,108,676
48,553,802
46,737,061
46,680,019
36,217,335
25,838,042
19,822,229
14,011,358
9,165,532
3,487,711
1,316,535
601,882
201,193
total shareholders funds
64,875,128
58,003,213
49,108,676
48,553,801
46,737,061
46,680,019
36,217,335
25,838,041
19,822,229
14,011,357
9,165,532
3,487,711
1,316,535
601,882
201,193
Dec 2023
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
9,792,799
7,174,297
3,481,760
-1,419,375
6,839,430
11,454,603
11,761,054
9,065,160
6,076,673
4,850,164
3,574,178
2,986,082
1,037,148
540,212
-128,810
Depreciation
870,559
896,386
278,970
365,573
377,264
430,412
392,367
350,282
241,150
97,154
134,439
125,555
45,309
43,249
26,687
Amortisation
1,069,093
1,763,855
1,659,258
1,998,007
1,664,399
1,720,075
1,463,713
1,679,096
432,060
344,143
71,068
10,660
Tax
-1,585,126
1,755,020
-1,039,240
-731,913
-788,890
-139,020
-1,455,284
-1,785,311
-1,057,350
-645,183
-724,904
-710,098
-253,857
-147,694
Stock
-6,664,206
3,547,782
5,735,745
2,108,754
-821,556
-1,013,878
6,564,193
2,540,980
3,410,114
2,208,233
125,555
379,149
247,052
558,873
247,558
Debtors
711,654
4,061,036
4,313,304
-3,724,466
-7,062,290
9,016,784
-421,821
761,954
8,184,172
3,358,019
929,228
2,256,815
186,140
-107,838
252,978
Creditors
-2,358,197
-4,281,359
8,863,427
-1,589,606
-4,075,305
-339,574
3,676,000
-484,430
7,428,977
1,785,156
-123,186
86,137
479,525
129,305
513,206
Accruals and Deferred Income
-293,844
225,633
1,353,464
-441,600
-344,543
3,266,271
-3,205,932
2,180,333
763,420
-1,555
-531,833
1,509,031
Deferred Taxes & Provisions
-73,445
-349,889
-1,592,581
-25,339
206,631
387,531
-1,302,295
-433,832
3,205,355
198,086
169,380
144,403
8,294
-9,366
20,127
Cash flow from operations
13,374,391
-424,875
2,956,009
-228,541
11,762,832
8,777,392
5,187,251
7,268,364
5,495,999
1,061,713
1,514,359
1,515,806
883,227
104,671
-69,326
Investing Activities
capital expenditure
-200,376
-7,161,405
-704,323
-3,959,568
-2,695,323
-3,506,474
-2,438,303
-185,611
-13,118,271
-2,141,723
-1,096,830
-698,549
-1,501,298
-498,414
-101,022
Change in Investments
-495,601
-20,913
51,731
-107,175
571,958
-11,462
1,678
24
9,760
cash flow from investments
-200,376
-7,161,405
-704,323
-3,959,568
-2,199,722
-3,485,561
-2,490,034
-78,436
-13,690,229
-2,141,723
-1,096,830
-687,087
-1,502,976
-498,438
-110,782
Financing Activities
Bank loans
-596
72,289
-58,701
-357,572
-4,036,941
2,363,572
2,089,642
-234,575
234,575
Group/Directors Accounts
Other Short Term Loans
-2,314,113
2,245,695
-34,039
47,971
54,486
Long term loans
-455,431
-234,875
564,072
608,282
571,322
-123,396
-7,846,322
2,504,136
5,937,368
-355,173
-119,041
17,974
859,932
417,326
Hire Purchase and Lease Commitments
-151,876
-36,755
522,686
291,963
694,394
other long term liabilities
share issue
-1,713,132
70,441
-760,270
4,083,755
-3,920,336
1,162,495
1,600,843
70,803
848,745
661,371
2,864,673
-74,012
-7,863
20,904
329,629
interest
377,372
-105,221
288,933
-115,727
-97,358
-231,435
-279,473
-57,196
-20,525
-36,127
-34,942
-60,775
-12,734
375
cash flow from financing
-1,943,663
-234,121
615,421
4,809,572
-3,109,550
-2,997,842
-4,113,342
2,070,995
8,974,612
251,634
2,757,476
-271,069
1,025,869
425,496
330,004
cash and cash equivalents
cash
11,529,465
-3,211,359
-350,246
2,274,530
3,432,822
125,617
1,909,509
3,684,694
-246,474
-927,422
3,090,317
480,067
406,120
31,729
149,895
overdraft
-75,874
-456,775
532,649
-1
1
-1
1
change in cash
11,529,465
-3,135,485
106,529
1,741,881
3,432,823
125,617
1,909,508
3,684,694
-246,474
-927,422
3,090,317
480,068
406,119
31,729
149,895
nexteq plc Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for nexteq plc. Get real-time insights into nexteq plc's credit score, group structure and payment trends.
Perform a competitor analysis for nexteq plc by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in RH10 area or any other competitors across 12 key performance metrics.
62090 - Other information technology and computer service activities
incorporation date
November 2001
age
24
incorporated
UK
ultimate parent company
None
accounts
Group
last accounts submitted
December 2023
previous names
quixant plc (May 2023)
quixant limited (April 2013)
accountant
-
auditor
KPMG LLP
address
1st floor the galleria, station road, crawley, west sussex, RH10 1WW
Bank
BARCLAYS BANK PLC
Legal Advisor
-
nexteq 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 did not find charges/mortgages relating to nexteq plc.
nexteq plc Capital Raised & Share Issues BETA
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