qinetiq group plc

qinetiq group plc Company Information

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Company Number

04586941

Industry

Activities of head offices

 

Directors

Susan Searle

Stephen Wadey

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Shareholders

-

Group Structure

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Contact

Registered Address

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

qinetiq group plc Estimated Valuation

£2.8b

Pomanda estimates the enterprise value of QINETIQ GROUP PLC at £2.8b based on a Turnover of £1.9b and 1.48x industry multiple (adjusted for size and gross margin).

qinetiq group plc Estimated Valuation

£2.8b

Pomanda estimates the enterprise value of QINETIQ GROUP PLC at £2.8b based on an EBITDA of £283.9m and a 9.94x industry multiple (adjusted for size and gross margin).

qinetiq group plc Estimated Valuation

£2.4b

Pomanda estimates the enterprise value of QINETIQ GROUP PLC at £2.4b based on Net Assets of £926.1m and 2.58x industry multiple (adjusted for liquidity).

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Qinetiq Group Plc Overview

Qinetiq Group Plc is a live company located in hampshire, GU14 0LX with a Companies House number of 04586941. It operates in the activities of head offices sector, SIC Code 70100. Founded in November 2002, it's largest shareholder is unknown. Qinetiq Group Plc is a mature, mega sized company, Pomanda has estimated its turnover at £1.9b with healthy growth in recent years.

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Qinetiq Group Plc Health Check

Pomanda's financial health check has awarded Qinetiq Group Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs

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Health Rating5out of 5
positive_score

7 Strong

positive_score

4 Regular

positive_score

1 Weak

size

Size

annual sales of £1.9b, make it larger than the average company (£22.1m)

£1.9b - Qinetiq Group Plc

£22.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (8.6%)

14% - Qinetiq Group Plc

8.6% - Industry AVG

production

Production

with a gross margin of 33%, this company has a comparable cost of product (33%)

33% - Qinetiq Group Plc

33% - Industry AVG

profitability

Profitability

an operating margin of 10.1% make it more profitable than the average company (5.7%)

10.1% - Qinetiq Group Plc

5.7% - Industry AVG

employees

Employees

with 8588 employees, this is above the industry average (123)

8588 - Qinetiq Group Plc

123 - Industry AVG

paystructure

Pay Structure

on an average salary of £80.7k, the company has a higher pay structure (£47.9k)

£80.7k - Qinetiq Group Plc

£47.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £222.6k, this is equally as efficient (£196.3k)

£222.6k - Qinetiq Group Plc

£196.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 34 days, this is earlier than average (44 days)

34 days - Qinetiq Group Plc

44 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 50 days, this is slower than average (42 days)

50 days - Qinetiq Group Plc

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 25 days, this is less than average (48 days)

25 days - Qinetiq Group Plc

48 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 17 weeks, this is average cash available to meet short term requirements (16 weeks)

17 weeks - Qinetiq Group Plc

16 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 56%, this is a similar level of debt than the average (55.1%)

56% - Qinetiq Group Plc

55.1% - Industry AVG

QINETIQ GROUP PLC financials

EXPORTms excel logo

Qinetiq Group Plc's latest turnover from March 2024 is £1.9 billion and the company has net assets of £926.1 million. According to their latest financial statements, Qinetiq Group Plc has 8,588 employees and maintains cash reserves of £231 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover1,912,100,0001,580,700,0001,320,400,0001,278,200,0001,072,900,000911,100,000833,000,000783,100,000755,700,000763,800,000782,600,0001,327,800,0001,469,600,0001,702,600,0001,625,400,000
Other Income Or Grants000000000000000
Cost Of Sales1,281,807,3261,063,020,763892,192,876877,016,128725,641,333621,113,577570,460,549533,226,812513,573,560530,460,939547,241,906927,687,4181,026,495,1211,181,742,9681,125,519,418
Gross Profit630,292,674517,679,237428,207,124401,183,872347,258,667289,986,423262,539,451249,873,188242,126,440233,339,061235,358,094400,112,582443,104,879520,857,032499,880,582
Admin Expenses437,792,674344,879,237310,707,124292,483,872229,658,667175,186,423121,539,451117,173,188166,826,440123,839,061138,258,094521,512,58281,804,879466,157,032525,180,582
Operating Profit192,500,000172,800,000117,500,000108,700,000117,600,000114,800,000141,000,000132,700,00075,300,000109,500,00097,100,000-121,400,000361,300,00054,700,000-25,300,000
Interest Payable20,700,00013,400,0001,900,0002,200,0002,100,0002,100,0001,100,0002,200,0002,300,0005,400,00014,400,00019,600,00049,200,000101,200,00082,700,000
Interest Receivable10,900,00016,700,0005,000,0007,400,0007,600,0009,400,0004,900,0001,000,0001,000,0001,300,0001,900,0001,700,0001,300,00070,400,00048,100,000
Pre-Tax Profit182,700,000192,000,000119,700,000142,600,000123,100,000123,200,000144,800,000131,500,00090,200,000105,400,00084,000,000-137,000,000316,300,00026,600,000-66,100,000
Tax-43,100,000-37,600,000-29,700,000-20,700,000-16,600,000-9,300,000-6,700,000-8,200,0008,400,00012,000,000-16,000,0003,800,000-70,000,000-21,600,0002,800,000
Profit After Tax139,600,000154,400,00090,000,000121,900,000106,500,000113,900,000138,100,000123,300,00098,600,000117,400,00068,000,000-133,200,000246,300,0005,000,000-63,300,000
Dividends Paid45,600,00042,600,00040,200,00037,700,00038,000,00035,700,00034,500,00033,400,00032,300,00032,300,00026,800,00020,100,00016,400,00012,100,00011,980,000
Retained Profit94,000,000111,800,00049,800,00084,000,00068,700,00078,200,000103,600,00089,900,00073,800,00072,400,000-39,500,000-153,300,000229,900,000-7,100,000-75,280,000
Employee Costs693,000,000567,300,000464,800,000473,500,000419,800,000376,800,000362,700,000341,100,000332,600,000350,300,000537,900,000588,600,000649,800,000766,100,000805,900,000
Number Of Employees8,5888,2686,9156,8906,7876,0616,0656,1546,2076,2508,9379,77210,63711,20813,078
EBITDA*283,900,000247,400,000163,700,000154,300,000170,800,000158,100,000170,300,000162,700,000103,100,000135,600,000133,100,000-75,400,000400,900,00094,200,00033,800,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets600,900,000790,200,0001,184,000,000855,100,0001,026,200,000595,500,000594,100,000402,200,000239,000,000243,800,000253,900,000278,500,000276,300,000308,800,000329,900,000
Intangible Assets771,400,000752,000,000289,700,000278,600,000319,700,000237,100,000142,600,000142,500,00081,400,000122,500,000185,500,000348,200,000591,100,000624,300,000719,500,000
Investments & Other7,100,0007,600,0003,100,0005,900,0004,600,0005,400,0002,500,0002,000,0001,500,0001,300,0002,000,0004,700,00012,700,00014,100,00015,700,000
Debtors (Due After 1 year)55,100,000152,400,000383,200,000226,000,000323,000,0000000000000
Total Fixed Assets1,317,200,0001,389,800,0001,090,500,000907,700,0001,022,900,000832,600,000736,700,000544,700,000320,400,000366,300,000439,400,000626,700,000867,400,000933,100,0001,049,400,000
Stock & work in progress89,200,00068,800,00054,900,00054,400,00052,300,00040,100,00038,100,00028,900,00019,000,00018,500,00019,800,00025,500,00031,200,00045,400,00079,800,000
Trade Debtors179,500,000373,000,000300,200,000281,600,000105,000,00086,700,00066,700,000130,100,00064,800,000133,600,000136,300,000255,600,000306,100,000342,200,000393,700,000
Group Debtors000000000000000
Misc Debtors277,300,00079,600,00061,000,00045,100,000145,000,000121,800,00083,600,00045,500,00091,400,00025,600,000114,200,00028,600,00098,700,00047,300,00030,100,000
Cash231,000,000151,200,000248,100,000190,100,000105,800,000190,800,000254,100,000211,800,000263,500,000184,300,000322,200,000240,400,000117,800,000102,500,00063,900,000
misc current assets6,200,0005,700,000600,000900,0006,700,0003,900,00018,800,00012,000,00012,500,00014,600,0005,200,0004,000,0008,600,00012,800,00015,200,000
total current assets789,000,000682,300,000666,200,000572,800,000415,000,000443,300,000461,300,000428,300,000451,200,000376,600,000597,700,000554,100,000562,400,000550,200,000582,700,000
total assets2,106,200,0002,072,100,0001,756,700,0001,480,500,0001,437,900,0001,275,900,0001,198,000,000973,000,000771,600,000742,900,0001,037,100,0001,180,800,0001,429,800,0001,483,300,0001,632,100,000
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 175,900,000135,900,00076,100,00077,300,00065,000,00061,200,00083,000,00037,400,00032,900,00029,500,00042,600,00043,700,00038,500,00037,500,00048,000,000
Group/Directors Accounts000000000000000
other short term finances001,400,000100,00000000000000
hp & lease commitments005,500,0006,900,00000000000000
other current liabilities509,900,000471,800,000411,600,000341,100,000329,600,000310,900,000269,400,000335,400,000351,200,000343,000,000394,600,000442,900,000562,200,000549,900,000380,900,000
total current liabilities685,800,000607,700,000494,600,000425,400,000394,600,000372,100,000352,400,000372,800,000384,100,000372,500,000437,200,000486,600,000600,700,000587,400,000428,900,000
loans768,200,000723,600,00033,800,00040,500,00019,900,00020,900,0001,900,000300,000200,000100,000154,100,000171,300,000164,400,000277,400,000530,200,000
hp & lease commitments0016,600,00019,800,00000000000000
Accruals and Deferred Income000000000000000
other liabilities11,600,00015,200,00038,800,00052,000,00025,300,00020,500,00018,700,00012,500,00011,000,00049,800,00011,200,0007,600,00020,600,00023,800,00035,200,000
provisions197,200,000238,200,000325,400,000195,000,000222,000,000166,800,000161,400,000109,600,000103,000,00044,800,000113,000,000153,600,00089,400,000274,400,000328,200,000
total long term liabilities494,300,000496,100,000218,700,000170,200,000156,200,000124,800,000101,300,00067,600,00062,700,00072,300,000221,800,000255,700,000229,700,000438,400,000729,500,000
total liabilities1,180,100,0001,103,800,000713,300,000595,600,000550,800,000496,900,000453,700,000440,400,000446,800,000444,800,000659,000,000742,300,000830,400,0001,025,800,0001,158,400,000
net assets926,100,000968,300,0001,043,200,000884,600,000884,700,000776,800,000744,100,000532,400,000324,600,000298,000,000378,000,000438,400,000599,300,000457,400,000473,600,000
total shareholders funds926,100,000968,300,0001,043,200,000884,600,000884,700,000776,800,000744,100,000532,400,000324,600,000298,000,000378,000,000438,400,000599,300,000457,400,000473,600,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit192,500,000172,800,000117,500,000108,700,000117,600,000114,800,000141,000,000132,700,00075,300,000109,500,00097,100,000-121,400,000361,300,00054,700,000-25,300,000
Depreciation58,800,00051,500,00046,200,00045,600,00041,400,00040,100,00025,600,00026,400,00023,000,00021,000,00024,000,00028,000,00030,600,00039,500,00059,100,000
Amortisation32,600,00023,100,0000011,800,0003,200,0003,700,0003,600,0004,800,0005,100,00012,000,00018,000,0009,000,00000
Tax-43,100,000-37,600,000-29,700,000-20,700,000-16,600,000-9,300,000-6,700,000-8,200,0008,400,00012,000,000-16,000,0003,800,000-70,000,000-21,600,0002,800,000
Stock20,400,00013,900,000500,0002,100,00012,200,0002,000,0009,200,0009,900,000500,000-1,300,000-5,700,000-5,700,000-14,200,000-34,400,00079,800,000
Debtors-93,100,000-139,400,000191,700,000-20,300,000364,500,00058,200,000-25,300,00019,400,000-3,000,000-91,300,000-33,700,000-120,600,00015,300,000-34,300,000423,800,000
Creditors40,000,00059,800,000-1,200,00012,300,0003,800,000-21,800,00045,600,0004,500,0003,400,000-13,100,000-1,100,0005,200,0001,000,000-10,500,00048,000,000
Accruals and Deferred Income38,100,00060,200,00070,500,00011,500,00018,700,00041,500,000-66,000,000-15,800,0008,200,000-51,600,000-48,300,000-119,300,00012,300,000169,000,000380,900,000
Deferred Taxes & Provisions-41,000,000-87,200,000130,400,000-27,000,00055,200,0005,400,00051,800,0006,600,00058,200,000-68,200,000-40,600,00064,200,000-185,000,000-53,800,000328,200,000
Cash flow from operations350,600,000368,100,000141,500,000148,600,000-144,800,000113,700,000211,100,000120,500,000183,800,000107,300,00066,500,0004,800,000158,100,000246,000,000290,100,000
Investing Activities
capital expenditure78,500,000-143,100,000-386,200,000166,600,000-566,500,000-139,200,000-221,300,000-254,300,00018,100,00047,000,000151,300,000194,700,00026,100,00076,800,000-1,108,500,000
Change in Investments-500,0004,500,000-2,800,0001,300,000-800,0002,900,000500,000500,000200,000-700,000-2,700,000-8,000,000-1,400,000-1,600,00015,700,000
cash flow from investments79,000,000-147,600,000-383,400,000165,300,000-565,700,000-142,100,000-221,800,000-254,800,00017,900,00047,700,000154,000,000202,700,00027,500,00078,400,000-1,124,200,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 0-1,400,0001,300,000100,00000000000000
Long term loans44,600,000689,800,000-6,700,00020,600,000-1,000,00019,000,0001,600,000100,000100,000-154,000,000-17,200,0006,900,000-113,000,000-252,800,000530,200,000
Hire Purchase and Lease Commitments0-22,100,000-4,600,00026,700,00000000000000
other long term liabilities-3,600,000-23,600,000-13,200,00026,700,0004,800,0001,800,0006,200,0001,500,000-38,800,00038,600,0003,600,000-13,000,000-3,200,000-11,400,00035,200,000
share issue-136,200,000-186,700,000108,800,000-84,100,00039,200,000-45,500,000108,100,000117,900,000-47,200,000-152,400,000-20,900,000-7,600,000-88,000,000-9,100,000548,880,000
interest-9,800,0003,300,0003,100,0005,200,0005,500,0007,300,0003,800,000-1,200,000-1,300,000-4,100,000-12,500,000-17,900,000-47,900,000-30,800,000-34,600,000
cash flow from financing-105,000,000459,300,00088,700,000-4,800,00048,500,000-17,400,000119,700,000118,300,000-87,200,000-271,900,000-47,000,000-31,600,000-252,100,000-304,100,0001,079,680,000
cash and cash equivalents
cash79,800,000-96,900,00058,000,00084,300,000-85,000,000-63,300,00042,300,000-51,700,00079,200,000-137,900,00081,800,000122,600,00015,300,00038,600,00063,900,000
overdraft000000000000000
change in cash79,800,000-96,900,00058,000,00084,300,000-85,000,000-63,300,00042,300,000-51,700,00079,200,000-137,900,00081,800,000122,600,00015,300,00038,600,00063,900,000

qinetiq group 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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Qinetiq Group Plc Competitor Analysis

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Perform a competitor analysis for qinetiq group plc by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in GU14 area or any other competitors across 12 key performance metrics.

qinetiq group plc Ownership

QINETIQ GROUP PLC group structure

Qinetiq Group Plc has 1 subsidiary company.

Ultimate parent company

QINETIQ GROUP PLC

04586941

1 subsidiary

QINETIQ GROUP PLC Shareholders

--

qinetiq group plc directors

Qinetiq Group Plc currently has 10 directors. The longest serving directors include Ms Susan Searle (Mar 2014) and Mr Stephen Wadey (Apr 2015).

officercountryagestartendrole
Ms Susan SearleUnited Kingdom61 years Mar 2014- Director
Mr Stephen WadeyEngland55 years Apr 2015- Director
Colonel Neil Johnson75 years Apr 2019- Director
Mrs Shonaid Jemmett-PageEngland64 years May 2020- Director
General Sir Gordon MessengerEngland62 years Oct 2020- Director
Mr Steven MogfordUnited Kingdom68 years Aug 2022- Director
Mr Ross McEwanUnited Kingdom67 years Mar 2024- Director
Ms Dina KnightEngland59 years Mar 2024- Director
Mr Martin CooperEngland50 years Sep 2024- Director
Dr Ezinne Uzo-OkoroEngland41 years Nov 2024- Director

P&L

March 2024

turnover

1.9b

+21%

operating profit

192.5m

+11%

gross margin

33%

+0.65%

turnover

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

Balance Sheet

March 2024

net assets

926.1m

-0.04%

total assets

2.1b

+0.02%

cash

231m

+0.53%

net assets

Total assets minus all liabilities

qinetiq group plc company details

company number

04586941

Type

Public limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

November 2002

age

22

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

March 2024

previous names

qinetiq group limited (January 2006)

qinetiq holdings limited (December 2005)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

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

Bank

BARCLAYS BANK PLC

Legal Advisor

-

qinetiq group 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 3 charges/mortgages relating to qinetiq group plc. Currently there are 0 open charges and 3 have been satisfied in the past.

charges

qinetiq group plc Companies House Filings - See Documents

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