quality compliance systems ltd

quality compliance systems ltd Company Information

Share QUALITY COMPLIANCE SYSTEMS LTD
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Company Number

06234100

Industry

Activities of other membership organisations n.e.c.

 

Shareholders

witom group australia pty ltd

neil crawford

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Group Structure

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Contact

Registered Address

second floor 1 church road, richmond, TW9 2QE

quality compliance systems ltd Estimated Valuation

£813.7k

Pomanda estimates the enterprise value of QUALITY COMPLIANCE SYSTEMS LTD at £813.7k based on a Turnover of £1.4m and 0.59x industry multiple (adjusted for size and gross margin).

quality compliance systems ltd Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of QUALITY COMPLIANCE SYSTEMS LTD at £1.2m based on an EBITDA of £314.8k and a 3.92x industry multiple (adjusted for size and gross margin).

quality compliance systems ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of QUALITY COMPLIANCE SYSTEMS LTD at £0 based on Net Assets of £-375.8k and 2.59x industry multiple (adjusted for liquidity).

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Quality Compliance Systems Ltd Overview

Quality Compliance Systems Ltd is a live company located in richmond, TW9 2QE with a Companies House number of 06234100. It operates in the activities of other membership organizations n.e.c. sector, SIC Code 94990. Founded in May 2007, it's largest shareholder is witom group australia pty ltd with a 75% stake. Quality Compliance Systems Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.4m with high growth in recent years.

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Quality Compliance Systems Ltd Health Check

Pomanda's financial health check has awarded Quality Compliance Systems Ltd a 2 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 Check Image
Health Rating2out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £1.4m, make it larger than the average company (£375.4k)

£1.4m - Quality Compliance Systems Ltd

£375.4k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (3.8%)

20% - Quality Compliance Systems Ltd

3.8% - Industry AVG

production

Production

with a gross margin of 45.3%, this company has a higher cost of product (95.6%)

45.3% - Quality Compliance Systems Ltd

95.6% - Industry AVG

profitability

Profitability

an operating margin of -29.9% make it less profitable than the average company (1.4%)

-29.9% - Quality Compliance Systems Ltd

1.4% - Industry AVG

employees

Employees

with 59 employees, this is above the industry average (10)

59 - Quality Compliance Systems Ltd

10 - Industry AVG

paystructure

Pay Structure

on an average salary of £25.9k, the company has an equivalent pay structure (£25.9k)

£25.9k - Quality Compliance Systems Ltd

£25.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £23.3k, this is less efficient (£49.4k)

£23.3k - Quality Compliance Systems Ltd

£49.4k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Quality Compliance Systems Ltd

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 110 days, this is slower than average (37 days)

110 days - Quality Compliance Systems Ltd

37 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Quality Compliance Systems Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (146 weeks)

9 weeks - Quality Compliance Systems Ltd

146 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 116%, this is a higher level of debt than the average (21.8%)

116% - Quality Compliance Systems Ltd

21.8% - Industry AVG

QUALITY COMPLIANCE SYSTEMS LTD financials

EXPORTms excel logo

Quality Compliance Systems Ltd's latest turnover from April 2023 is estimated at £1.4 million and the company has net assets of -£375.8 thousand. According to their latest financial statements, Quality Compliance Systems Ltd has 59 employees and maintains cash reserves of £429 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2023Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010
Turnover1,372,158964,587787,140696,851740,310887,425526,2223,758,1362,048,2818,673,3595,761,0923,797,5341,466,510
Other Income Or Grants0000000000000
Cost Of Sales750,050428,300346,467312,235330,608395,080335,9042,633,4541,420,0436,485,6443,996,7192,671,5061,029,176
Gross Profit622,108536,287440,672384,616409,701492,345190,3181,124,681628,2382,187,7161,764,3741,126,029437,334
Admin Expenses1,032,240-18,74359,625632,147275,946406,731-87,455989,180660,0481,733,8192,017,7281,128,570596,440
Operating Profit-410,132555,030381,047-247,531133,75585,614277,773135,501-31,810453,897-253,354-2,541-159,106
Interest Payable066,45833,5500000000000
Interest Receivable9,1173,9501,0522,8782,4531,2598791,0052222031202912
Pre-Tax Profit-401,015492,522348,549-244,653136,20786,873278,653136,506-31,588454,100-253,234-2,512-159,094
Tax0-93,579-66,2240-25,879-16,506-55,730-27,3010-104,443000
Profit After Tax-401,015398,943282,325-244,653110,32870,367222,922109,205-31,588349,657-253,234-2,512-159,094
Dividends Paid0000000000000
Retained Profit-401,015398,943282,325-244,653110,32870,367222,922109,205-31,588349,657-253,234-2,512-159,094
Employee Costs1,527,2451,431,5301,184,917996,170976,800827,510485,170989,973527,5052,393,7151,559,9741,029,516419,257
Number Of Employees59564740413522422298634217
EBITDA*314,806922,154611,932-27,133328,475175,989305,038140,4986,630493,921-205,12061,353-126,865

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2023Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010
Tangible Assets32,13360,34935,870119,030329,392422,84689,2229,99501,2063,5536,3420
Intangible Assets1,225,148941,717633,373389,831297,767217,966140,2840037,23474,46981,07458,792
Investments & Other0000000000000
Debtors (Due After 1 year)00000000080,692000
Total Fixed Assets1,257,2811,002,066669,243508,861627,159640,812229,5069,9950119,13278,02287,41658,792
Stock & work in progress0000000000000
Trade Debtors03,8953,0206,68817,17400394,310236,419985,563677,055453,592189,311
Group Debtors0982,500784,566368,989321,495492,359231,254000000
Misc Debtors656,983579,386260,489346,149309,072312,163333,239147,302134,0000000
Cash429,0481,323,3631,837,002266,920500,674153,374350,270353,01848,92740,02341,1756,9104,744
misc current assets0000000000000
total current assets1,086,0312,889,1442,885,077988,7461,148,415957,896914,763894,630419,3461,025,586718,230460,502194,055
total assets2,343,3123,891,2103,554,3201,497,6071,775,5741,598,7081,144,269904,625419,3461,144,718796,252547,918252,847
Bank overdraft0000000000000
Bank loan0220,00073,3330000000000
Trade Creditors 226,818485,503136,033132,78299,373148,16878,094891,991515,9171,084,397891,332184,994183,790
Group/Directors Accounts697,52140,87500000000000
other short term finances0000000000000
hp & lease commitments0000000000000
other current liabilities1,429,2461,125,7511,613,383925,015953,261790,169784,018000000
total current liabilities2,353,5851,872,1291,822,7491,057,7971,052,634938,337862,112891,991515,9171,084,397891,332184,994183,790
loans0806,6671,026,6670000000000
hp & lease commitments0000000000000
Accruals and Deferred Income00000000000135,0710
other liabilities117,79886,804100,863154,161200,329282,56428,60100125,304319,560389,259227,951
provisions247,744247,744125,11889,051106,36071,88418,000000000
total long term liabilities365,5421,141,2151,252,648243,212306,689354,44846,60100125,304319,560524,330227,951
total liabilities2,719,1273,013,3443,075,3971,301,0091,359,3231,292,785908,713891,991515,9171,209,7011,210,892709,324411,741
net assets-375,815877,866478,923196,598416,251305,923235,55612,634-96,571-64,983-414,640-161,406-158,894
total shareholders funds-375,815877,866478,923196,598416,251305,923235,55612,634-96,571-64,983-414,640-161,406-158,894
Apr 2023Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010
Operating Activities
Operating Profit-410,132555,030381,047-247,531133,75585,614277,773135,501-31,810453,897-253,354-2,541-159,106
Depreciation41,51024,32920,375102,10797,07390,37527,2654,9971,2062,7892,7892,02432,241
Amortisation683,428342,795210,510118,29197,64700037,23437,23545,44561,8700
Tax0-93,579-66,2240-25,879-16,506-55,730-27,3010-104,443000
Stock0000000000000
Debtors656,983517,706326,24974,085-156,781240,02922,881171,193-695,836389,200223,463264,281189,311
Creditors226,818349,4703,25133,409-48,79570,074-813,897376,074-568,480193,065706,3381,204183,790
Accruals and Deferred Income1,429,246-487,632688,368-28,246163,0926,151784,018000-135,071135,0710
Deferred Taxes & Provisions247,744122,62636,067-17,30934,47653,88418,000000000
Cash flow from operations1,561,631295,333947,145-113,364608,15049,563214,548318,078133,986193,343142,684-66,653-132,386
Investing Activities
capital expenditure-1,982,219-699,947-391,267-102,100-181,067-501,681-246,776-14,9920-442-38,840-92,518-91,033
Change in Investments0000000000000
cash flow from investments-1,982,219-699,947-391,267-102,100-181,067-501,681-246,776-14,9920-442-38,840-92,518-91,033
Financing Activities
Bank loans0146,66773,3330000000000
Group/Directors Accounts697,52140,87500000000000
Other Short Term Loans 0000000000000
Long term loans0-220,0001,026,6670000000000
Hire Purchase and Lease Commitments0000000000000
other long term liabilities117,798-14,059-53,298-46,168-82,235253,96328,6010-125,304-194,256-69,699161,308227,951
share issue25,2000025,00000000000200
interest9,117-62,508-32,4982,8782,4531,2598791,0052222031202912
cash flow from financing849,636-109,0251,014,204-18,290-79,782255,22229,4801,005-125,082-194,053-69,579161,337228,163
cash and cash equivalents
cash429,048-513,6391,570,082-233,754347,300-196,896-2,748304,0918,904-1,15234,2652,1664,744
overdraft0000000000000
change in cash429,048-513,6391,570,082-233,754347,300-196,896-2,748304,0918,904-1,15234,2652,1664,744

quality compliance systems ltd 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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Quality Compliance Systems Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for quality compliance systems ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in TW9 area or any other competitors across 12 key performance metrics.

quality compliance systems ltd Ownership

QUALITY COMPLIANCE SYSTEMS LTD group structure

Quality Compliance Systems Ltd has no subsidiary companies.

Ultimate parent company

1 parent

QUALITY COMPLIANCE SYSTEMS LTD

06234100

QUALITY COMPLIANCE SYSTEMS LTD Shareholders

witom group australia pty ltd 75%
neil crawford 12.5%
executors of estate of michael dempsey 12.5%

quality compliance systems ltd directors

Quality Compliance Systems Ltd currently has 5 directors. The longest serving directors include Mr Mathew Whittingham (Aug 2012) and Mr Jeffery Surges (Aug 2022).

officercountryagestartendrole
Mr Mathew WhittinghamEngland47 years Aug 2012- Director
Mr Jeffery SurgesUnited Kingdom57 years Aug 2022- Director
Mr Peter HolbrookUnited Kingdom56 years Aug 2022- Director
Miss Charlene BurnsUnited Kingdom41 years Feb 2023- Director
Mr John OsmentUnited Kingdom40 years Feb 2023- Director

P&L

April 2023

turnover

1.4m

0%

operating profit

-410.1k

0%

gross margin

45.4%

0%

turnover

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

Balance Sheet

April 2023

net assets

-375.8k

0%

total assets

2.3m

0%

cash

429k

0%

net assets

Total assets minus all liabilities

quality compliance systems ltd company details

company number

06234100

Type

Private limited with Share Capital

industry

94990 - Activities of other membership organisations n.e.c.

incorporation date

May 2007

age

17

incorporated

UK

ultimate parent company

accounts

Audit Exemption Subsidiary

last accounts submitted

April 2023

previous names

quality care systems ltd (July 2011)

uk quality client solutions limited (June 2010)

accountant

-

auditor

-

address

second floor 1 church road, richmond, TW9 2QE

Bank

-

Legal Advisor

-

quality compliance systems ltd 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 1 charges/mortgages relating to quality compliance systems ltd. Currently there are 0 open charges and 1 have been satisfied in the past.

quality compliance systems ltd Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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quality compliance systems ltd Companies House Filings - See Documents

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