Vq Communications Ltd

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vq communications ltd Company Information

Live

MatureSmallDeclining

Company Number

05318829

Next Accounts

Sep 2025

Industry

Other business support service activities n.e.c.

Directors

Gary Watkins

Giles Adams

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Shareholders

south west ventures fund no.1 l.p

giles osborne adams

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Group Structure

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Contact

Registered Address

unit d2 southgate, commerce park, frome, BA11 2RY

Website

www.vqcomms.com

vq communications ltd Estimated Valuation

£2m

Pomanda estimates the enterprise value of VQ COMMUNICATIONS LTD at £2m based on a Turnover of £3.4m and 0.58x industry multiple (adjusted for size and gross margin).

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Vq Communications Ltd is a live company located in frome, BA11 2RY with a Companies House number of 05318829. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in December 2004, it's largest shareholder is south west ventures fund no.1 l.p with a 74.7% stake. Vq Communications Ltd is a mature, small sized company, Pomanda has estimated its turnover at £3.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Vq Communications Ltd a 3 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 Rating3out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £3.4m, make it smaller than the average company (£4.8m)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (6.7%)

EXPORT

Vq Communications Ltd's latest turnover from December 2023 is estimated at £3.4 million and the company has net assets of -£748.6 thousand. According to their latest financial statements, Vq Communications Ltd has 36 employees and maintains cash reserves of £3.1 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	3,447,800	1,906,950	2,163,330	5,239,720	3,790,544	1,391,920	1,864,549	1,379,381	2,082,039	2,061,652	1,257,863	1,780,007	1,564,081	1,616,020	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,131,451	1,175,097	1,354,284	3,293,601	2,370,277	873,808	1,163,017	854,756	1,323,774	1,329,879	817,992	1,139,476	979,751	988,263	0
Gross Profit	1,316,349	731,853	809,046	1,946,119	1,420,267	518,112	701,533	524,625	758,265	731,773	439,871	640,531	584,330	627,756	0
Admin Expenses	1,752,355	779,836	920,325	1,666,704	1,580,757	805,386	905,019	317,046	418,128	463,234	454,124	861,634	544,660	882,846	1,098,024
Operating Profit	-436,006	-47,983	-111,279	279,415	-160,490	-287,274	-203,486	207,579	340,137	268,539	-14,253	-221,103	39,670	-255,090	-1,098,024
Interest Payable	44,244	29,391	6,250	0	0	0	0	0	0	0	0	0	2,194	5,363	3,169
Interest Receivable	135,092	55,056	3,006	850	2,789	3,141	2,288	904	1,277	739	459	743	551	259	216
Pre-Tax Profit	-345,158	-22,319	-114,523	280,265	-157,701	-284,133	-201,198	208,483	341,414	269,278	-13,794	-220,360	38,027	-260,193	-1,100,977
Tax	0	0	0	-53,250	0	0	0	-41,696	-68,283	-56,548	0	0	-9,887	0	0
Profit After Tax	-345,158	-22,319	-114,523	227,015	-157,701	-284,133	-201,198	166,786	273,131	212,730	-13,794	-220,360	28,140	-260,193	-1,100,977
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-345,158	-22,319	-114,523	227,015	-157,701	-284,133	-201,198	166,786	273,131	212,730	-13,794	-220,360	28,140	-260,193	-1,100,977
Employee Costs	1,942,335	1,232,496	1,221,537	696,429	689,548	664,487	713,685	420,011	582,936	581,787	369,518	520,779	435,471	461,607	0
Number Of Employees	36	24	25	15	15	15	17	10	14	14	9	13	11	12	0
EBITDA*	-370,453	14,341	-55,113	319,807	-123,085	-250,181	-178,386	220,816	348,654	274,438	-5,857	-210,987	50,671	-242,637	-1,080,547

* 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	110,772	73,917	101,581	114,323	38,346	62,354	67,009	37,904	18,937	12,883	10,681	11,906	14,639	25,381	17,471
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	110,772	73,917	101,581	114,323	38,346	62,354	67,009	37,904	18,937	12,883	10,681	11,906	14,639	25,381	17,471
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	3,062	3,062	7,332
Trade Debtors	270,952	150,589	244,722	306,319	317,844	178,954	303,045	141,286	232,601	196,028	54,588	133,539	179,859	145,159	181,935
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	528,443	193,045	156,998	0	0	233,406	227,351	0	0	0	0	0	0	0	0
Cash	3,107,870	2,038,480	1,107,564	1,297,413	402,684	340,973	496,648	418,541	304,630	206,162	89,525	93,955	203,087	17,419	86,358
misc current assets	195,810	161,269	267,294	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,103,075	2,543,383	1,776,578	1,603,732	720,528	753,333	1,027,044	559,827	537,231	402,190	144,113	227,494	386,008	165,640	275,625
total assets	4,213,847	2,617,300	1,878,159	1,718,055	758,874	815,687	1,094,053	597,731	556,168	415,073	154,794	239,400	400,647	191,021	293,096
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	30,000	30,000
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	291,558	104,020	117,248	1,763,840	1,046,902	69,436	76,742	244,095	332,290	388,111	333,711	407,064	327,769	447,258	340,473
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	4,298,519	2,479,428	1,923,481	0	0	871,657	857,984	0	0	0	0	0	0	0	0
total current liabilities	4,590,077	2,583,448	2,040,729	1,763,840	1,046,902	941,093	934,726	244,095	332,290	388,111	333,711	407,064	327,769	477,258	370,473
loans	367,803	418,754	200,013	0	0	0	0	0	0	0	0	0	0	37,500	67,500
hp & lease commitments	0	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	0
other liabilities	0	0	0	200,013	200,013	200,013	200,013	200,013	240,000	317,500	324,351	321,811	341,993	281,333	200,000
provisions	4,605	18,578	18,578	20,840	5,612	10,533	11,133	4,244	1,285	0	0	0	0	0	0
total long term liabilities	372,408	437,332	218,591	220,853	205,625	210,546	211,146	204,257	241,285	317,500	324,351	321,811	341,993	318,833	267,500
total liabilities	4,962,485	3,020,780	2,259,320	1,984,693	1,252,527	1,151,639	1,145,872	448,352	573,575	705,611	658,062	728,875	669,762	796,091	637,973
net assets	-748,638	-403,480	-381,161	-266,638	-493,653	-335,952	-51,819	149,379	-17,407	-290,538	-503,268	-489,475	-269,115	-605,070	-344,877
total shareholders funds	-748,638	-403,480	-381,161	-266,638	-493,653	-335,952	-51,819	149,379	-17,407	-290,538	-503,268	-489,475	-269,115	-605,070	-344,877

	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	-436,006	-47,983	-111,279	279,415	-160,490	-287,274	-203,486	207,579	340,137	268,539	-14,253	-221,103	39,670	-255,090	-1,098,024
Depreciation	65,553	62,324	56,166	40,392	37,405	37,093	25,100	13,237	8,517	5,899	8,396	10,116	11,001	12,453	17,477
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-53,250	0	0	0	-41,696	-68,283	-56,548	0	0	-9,887	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	-3,062	0	-4,270	7,332
Debtors	455,761	-58,086	95,401	-11,525	-94,516	-118,036	389,110	-91,315	36,573	141,440	-78,951	-46,320	34,700	-36,776	181,935
Creditors	187,538	-13,228	-1,646,592	716,938	977,466	-7,306	-167,353	-88,195	-55,821	54,400	-73,353	79,295	-119,489	106,785	340,473
Accruals and Deferred Income	1,819,091	555,947	1,923,481	0	-871,657	13,673	857,984	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-13,973	0	-2,262	15,228	-4,921	-600	6,889	2,959	1,285	0	0	0	0	0	0
Cash flow from operations	1,166,442	615,146	124,113	1,010,248	72,319	-126,378	130,024	185,199	189,262	130,850	-259	-82,310	-113,405	-94,806	-929,341
Investing Activities
capital expenditure	-102,408	-34,660	-43,424	-116,369	-13,397	-32,438	-54,205	-32,204	-14,571	-8,101	-7,171	-7,383	-259	-20,363	-34,948
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-102,408	-34,660	-43,424	-116,369	-13,397	-32,438	-54,205	-32,204	-14,571	-8,101	-7,171	-7,383	-259	-20,363	-34,948
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-50,951	218,741	200,013	0	0	0	0	0	0	0	0	0	-37,500	-30,000	67,500
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	-200,013	0	0	0	0	-39,987	-77,500	-6,851	2,540	-20,182	60,660	81,333	200,000
share issue	0	0	0	0	0	0	0	0	0	0	1	0	307,815	0	756,100
interest	90,848	25,665	-3,244	850	2,789	3,141	2,288	904	1,277	739	459	743	-1,643	-5,104	-2,953
cash flow from financing	39,897	244,406	-3,244	850	2,789	3,141	2,288	-39,083	-76,223	-6,112	3,000	-19,439	329,332	46,229	1,020,647
cash and cash equivalents
cash	1,069,390	930,916	-189,849	894,729	61,711	-155,675	78,107	113,911	98,468	116,637	-4,430	-109,132	185,668	-68,939	86,358
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	-30,000	0	30,000
change in cash	1,069,390	930,916	-189,849	894,729	61,711	-155,675	78,107	113,911	98,468	116,637	-4,430	-109,132	215,668	-68,939	56,358

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for vq communications ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in BA11 area or any other competitors across 12 key performance metrics.

VQ COMMUNICATIONS LTD group structure

Vq Communications Ltd has no subsidiary companies.

Ultimate parent company

VQ COMMUNICATIONS LTD

05318829

VQ COMMUNICATIONS LTD Shareholders

south west ventures fund no.1 l.p	74.7%
giles osborne adams	9.28%
ruth paton	4.11%
michael anthony horsley	4.11%
gary john watkins	3.07%
michael john cartwright	1.12%
steven barwick	0.89%
anthony gilbert	0.56%
maureen moy	0.56%
atilla vitai	0.56%

Vq Communications Ltd currently has 6 directors. The longest serving directors include Mr Gary Watkins (Mar 2005) and Mr Giles Adams (Mar 2005).

officer	country	age	start	end	role
Mr Gary Watkins	England	60 years	Mar 2005	-	Director
Mr Giles Adams	England	62 years	Mar 2005	-	Director
Mr Michael Horsley	England	64 years	Mar 2005	-	Director
Mr Alan Ward		69 years	Jun 2011	-	Director
Mr Michael Cartwright	England	68 years	Jun 2011	-	Director
Mr Peter Davies		65 years	Jun 2011	-	Director

P&L

December 2023

turnover

3.4m

+81%

operating profit

-436k

gross margin

38.2%

-0.52%

turnover

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

Balance Sheet

December 2023

net assets

-748.6k

+0.86%

total assets

4.2m

+0.61%

cash

3.1m

+0.52%

net assets

Total assets minus all liabilities

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company number

05318829

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

December 2004

ultimate parent company

None

previous names

v.q. communications ltd. (December 2005)

niad software limited (November 2005)

address

unit d2 southgate, commerce park, frome, BA11 2RY

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vq communications ltd Company Information

vq communications ltd Estimated Valuation

vq communications ltd Estimated Valuation

vq communications ltd Estimated Valuation

Vq Communications Ltd Overview

Vq Communications Ltd Health Check

VQ COMMUNICATIONS LTD financials

vq communications ltd Credit Report and Business Information

Vq Communications Ltd Competitor Analysis

vq communications ltd Ownership

vq communications ltd directors

vq communications ltd company details

vq communications ltd Charges & Mortgages

vq communications ltd Capital Raised & Share Issues BETA

vq communications ltd Companies House Filings - See Documents