qinetiq target services limited
qinetiq target services limited Company Information
Company Number
05954793
Next Accounts
Dec 2025
Industry
Technical testing and analysis
Shareholders
qinetiq ltd
Group Structure
View All
Contact
Registered Address
cody technology park ively road, farnborough, hampshire, GU14 0LX
Website
www.qinetiq.comqinetiq target services limited Estimated Valuation
Pomanda estimates the enterprise value of QINETIQ TARGET SERVICES LIMITED at £5.5m based on a Turnover of £11.2m and 0.49x industry multiple (adjusted for size and gross margin).
qinetiq target services limited Estimated Valuation
Pomanda estimates the enterprise value of QINETIQ TARGET SERVICES LIMITED at £0 based on an EBITDA of £-8k and a 3.41x industry multiple (adjusted for size and gross margin).
qinetiq target services limited Estimated Valuation
Pomanda estimates the enterprise value of QINETIQ TARGET SERVICES LIMITED at £7.1m based on Net Assets of £2.8m and 2.52x industry multiple (adjusted for liquidity).
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Qinetiq Target Services Limited Overview
Qinetiq Target Services Limited is a live company located in hampshire, GU14 0LX with a Companies House number of 05954793. It operates in the technical testing and analysis sector, SIC Code 71200. Founded in October 2006, it's largest shareholder is qinetiq ltd with a 100% stake. Qinetiq Target Services Limited is a established, mid sized company, Pomanda has estimated its turnover at £11.2m with healthy growth in recent years.
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Qinetiq Target Services Limited Health Check
Pomanda's financial health check has awarded Qinetiq Target Services Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
1 Weak
Size
annual sales of £11.2m, make it larger than the average company (£5.3m)
£11.2m - Qinetiq Target Services Limited
£5.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (7.5%)
12% - Qinetiq Target Services Limited
7.5% - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - Qinetiq Target Services Limited
- - Industry AVG
Profitability
an operating margin of -0.1% make it less profitable than the average company (4.5%)
-0.1% - Qinetiq Target Services Limited
4.5% - Industry AVG
Employees
with 106 employees, this is above the industry average (45)
- Qinetiq Target Services Limited
45 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Qinetiq Target Services Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £106.1k, this is equally as efficient (£106.4k)
- Qinetiq Target Services Limited
£106.4k - Industry AVG
Debtor Days
it gets paid by customers after 24 days, this is earlier than average (60 days)
24 days - Qinetiq Target Services Limited
60 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Qinetiq Target Services Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Qinetiq Target Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is average cash available to meet short term requirements (12 weeks)
12 weeks - Qinetiq Target Services Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 36.6%, this is a lower level of debt than the average (57.9%)
36.6% - Qinetiq Target Services Limited
57.9% - Industry AVG
QINETIQ TARGET SERVICES LIMITED financials
Qinetiq Target Services Limited's latest turnover from March 2024 is £11.2 million and the company has net assets of £2.8 million. According to their latest financial statements, we estimate that Qinetiq Target Services Limited has 106 employees and maintains cash reserves of £385 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | 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 | 11,249,000 | 6,911,000 | 10,568,000 | 7,932,000 | 8,713,000 | 8,815,000 | 17,706,000 | 9,977,000 | 14,137,000 | 12,322,000 | 9,881,000 | 11,080,000 | 11,661,000 | 10,572,000 | 6,989,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 11,249,000 | 6,911,000 | 10,568,000 | 7,932,000 | 8,713,000 | 8,815,000 | 17,706,000 | 9,977,000 | 14,137,000 | 12,322,000 | 9,881,000 | 11,080,000 | 11,661,000 | 10,566,000 | 6,989,000 |
| Gross Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,000 | 0 |
| Admin Expenses | 8,000 | 17,000 | 3,000 | 20,000 | -95,000 | 12,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 15,000 | 10,000 | -29,000 | 21,000 |
| Operating Profit | -8,000 | -17,000 | -3,000 | -20,000 | 95,000 | -12,000 | -10,000 | -10,000 | -10,000 | -10,000 | -10,000 | -15,000 | -10,000 | 35,000 | -21,000 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Interest Receivable | 196,000 | 118,000 | 40,000 | 49,000 | 23,000 | 22,000 | 10,000 | 9,000 | 10,000 | 10,000 | 9,000 | 13,000 | 37,000 | 71,000 | 47,000 |
| Pre-Tax Profit | 188,000 | 101,000 | 37,000 | 29,000 | 118,000 | 10,000 | 0 | -1,000 | 0 | 0 | -1,000 | -2,000 | 27,000 | 106,000 | 26,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 188,000 | 101,000 | 37,000 | 29,000 | 118,000 | 10,000 | 0 | -1,000 | 0 | 0 | -1,000 | -2,000 | 27,000 | 106,000 | 26,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 188,000 | 101,000 | 37,000 | 29,000 | 118,000 | 10,000 | 0 | -1,000 | 0 | 0 | -1,000 | -2,000 | 27,000 | 106,000 | 26,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Number Of Employees | |||||||||||||||
| EBITDA* | -8,000 | -17,000 | -3,000 | -20,000 | 95,000 | -12,000 | -10,000 | -10,000 | -10,000 | -10,000 | -10,000 | -15,000 | -10,000 | 35,000 | -21,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 689,000 | 2,359,000 | 3,882,000 | 4,726,000 | 7,387,000 | 10,382,000 | 11,240,000 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 689,000 | 2,359,000 | 3,882,000 | 4,726,000 | 7,387,000 | 10,382,000 | 11,240,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 769,000 | 460,000 | 3,938,000 | 407,000 | 0 | 0 | 0 | 1,589,000 | 2,174,000 | 3,330,000 | 2,417,000 | 1,122,000 | 3,609,000 | 1,670,000 | 2,311,000 |
| Group Debtors | 3,265,000 | 3,070,000 | 0 | 2,913,000 | 2,863,000 | 1,581,000 | 1,998,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 635,000 | 623,000 | 195,000 | 0 | 0 | 0 | 0 | 2,500,000 | 0 | 0 | 0 |
| Cash | 385,000 | 759,000 | 334,000 | 348,000 | 1,443,000 | 360,000 | 760,000 | 1,322,000 | 1,127,000 | 650,000 | 690,000 | 475,000 | 697,000 | 615,000 | 977,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,419,000 | 4,289,000 | 4,272,000 | 3,668,000 | 4,941,000 | 2,564,000 | 2,953,000 | 2,911,000 | 3,301,000 | 3,980,000 | 3,107,000 | 4,097,000 | 4,306,000 | 2,285,000 | 3,288,000 |
| total assets | 4,419,000 | 4,289,000 | 4,272,000 | 3,668,000 | 4,941,000 | 2,564,000 | 2,953,000 | 2,911,000 | 3,990,000 | 6,339,000 | 6,989,000 | 8,823,000 | 11,693,000 | 12,667,000 | 14,528,000 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,379,000 | 1,450,000 | 1,550,000 | 969,000 | 0 | 0 | 0 | 395,000 | 1,145,000 | 3,330,000 | 2,458,000 | 2,238,000 | 3,147,000 | 1,670,000 | 2,311,000 |
| 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 | 236,000 | 223,000 | 207,000 | 221,000 | 2,492,000 | 233,000 | 632,000 | 195,000 | 523,000 | 532,000 | 573,000 | 581,000 | 625,000 | 545,000 | 650,000 |
| total current liabilities | 1,615,000 | 1,673,000 | 1,757,000 | 1,190,000 | 2,492,000 | 233,000 | 632,000 | 590,000 | 1,668,000 | 3,862,000 | 3,031,000 | 2,819,000 | 3,772,000 | 2,215,000 | 2,961,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 155,000 | 1,636,000 | 3,681,000 | 5,596,000 | 8,154,000 | 9,375,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 155,000 | 1,636,000 | 3,681,000 | 5,596,000 | 8,154,000 | 9,375,000 |
| total liabilities | 1,615,000 | 1,673,000 | 1,757,000 | 1,190,000 | 2,492,000 | 233,000 | 632,000 | 590,000 | 1,668,000 | 4,017,000 | 4,667,000 | 6,500,000 | 9,368,000 | 10,369,000 | 12,336,000 |
| net assets | 2,804,000 | 2,616,000 | 2,515,000 | 2,478,000 | 2,449,000 | 2,331,000 | 2,321,000 | 2,321,000 | 2,322,000 | 2,322,000 | 2,322,000 | 2,323,000 | 2,325,000 | 2,298,000 | 2,192,000 |
| total shareholders funds | 2,804,000 | 2,616,000 | 2,515,000 | 2,478,000 | 2,449,000 | 2,331,000 | 2,321,000 | 2,321,000 | 2,322,000 | 2,322,000 | 2,322,000 | 2,323,000 | 2,325,000 | 2,298,000 | 2,192,000 |
| Mar 2024 | 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 | -8,000 | -17,000 | -3,000 | -20,000 | 95,000 | -12,000 | -10,000 | -10,000 | -10,000 | -10,000 | -10,000 | -15,000 | -10,000 | 35,000 | -21,000 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 504,000 | -408,000 | 618,000 | -178,000 | 1,294,000 | 11,000 | 604,000 | -1,274,000 | -2,826,000 | -610,000 | -2,049,000 | -2,648,000 | -1,056,000 | -1,499,000 | 13,551,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 13,000 | 16,000 | -14,000 | -2,271,000 | 2,259,000 | -399,000 | 437,000 | -328,000 | -9,000 | -41,000 | -8,000 | -44,000 | 80,000 | -105,000 | 650,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -499,000 | 407,000 | -635,000 | -2,113,000 | 1,060,000 | -422,000 | -177,000 | 936,000 | 2,807,000 | 559,000 | 2,031,000 | 2,589,000 | 1,126,000 | 1,429,000 | -12,922,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -71,000 | -100,000 | 581,000 | 969,000 | 0 | 0 | -395,000 | -750,000 | -2,185,000 | 872,000 | 220,000 | -909,000 | 1,477,000 | -641,000 | 2,311,000 |
| Other Short Term Loans | 0 | 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 | -155,000 | -1,481,000 | -2,045,000 | -1,915,000 | -2,558,000 | -1,221,000 | 9,375,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 196,000 | 118,000 | 40,000 | 49,000 | 23,000 | 22,000 | 10,000 | 10,000 | 10,000 | 9,000 | 13,000 | 71,000 | 47,000 | ||
| cash flow from financing | 125,000 | 18,000 | 621,000 | 1,018,000 | 23,000 | 22,000 | -385,000 | -2,330,000 | -599,000 | -1,816,000 | -2,811,000 | -1,791,000 | 13,899,000 | ||
| cash and cash equivalents | |||||||||||||||
| cash | -374,000 | 425,000 | -14,000 | -1,095,000 | 1,083,000 | -400,000 | -562,000 | 195,000 | 477,000 | -40,000 | 215,000 | -222,000 | 82,000 | -362,000 | 977,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -374,000 | 425,000 | -14,000 | -1,095,000 | 1,083,000 | -400,000 | -562,000 | 195,000 | 477,000 | -40,000 | 215,000 | -222,000 | 82,000 | -362,000 | 977,000 |
qinetiq target services limited Credit Report and Business Information
Qinetiq Target Services Limited Competitor Analysis
Perform a competitor analysis for qinetiq target services limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in GU14 area or any other competitors across 12 key performance metrics.
qinetiq target services limited Ownership
QINETIQ TARGET SERVICES LIMITED group structure
Qinetiq Target Services Limited has no subsidiary companies.
Ultimate parent company
2 parents
QINETIQ TARGET SERVICES LIMITED
05954793
qinetiq target services limited directors
Qinetiq Target Services Limited currently has 3 directors. The longest serving directors include Mrs Heather Cashin (Aug 2022) and Mr James Field (Aug 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Heather Cashin | 44 years | Aug 2022 | - | Director | |
| Mr James Field | 49 years | Aug 2022 | - | Director | |
| Mr Grant Minnican | England | 55 years | Sep 2022 | - | Director |
P&L
March 2024turnover
11.2m
+63%
operating profit
-8k
-53%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
2.8m
+0.07%
total assets
4.4m
+0.03%
cash
385k
-0.49%
net assets
Total assets minus all liabilities
qinetiq target services limited company details
company number
05954793
Type
Private limited with Share Capital
industry
71200 - Technical testing and analysis
incorporation date
October 2006
age
18
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
cody technology park ively road, farnborough, hampshire, GU14 0LX
Bank
-
Legal Advisor
-
qinetiq target services 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 did not find charges/mortgages relating to qinetiq target services limited.
qinetiq target services limited Capital Raised & Share Issues BETA
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qinetiq target services limited Companies House Filings - See Documents
| date | description | view/download |
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