quality compliance systems ltd Company Information
Company Number
06234100
Next Accounts
Jan 2025
Industry
Activities of other membership organisations n.e.c.
Shareholders
witom group australia pty ltd
neil crawford
View AllGroup Structure
View All
Contact
Registered Address
second floor 1 church road, richmond, TW9 2QE
Website
http://ukqcs.co.ukquality compliance systems ltd Estimated Valuation
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
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
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
4 Strong
1 Regular
5 Weak
Size
annual sales of £1.4m, make it larger than the average company (£375.4k)
- Quality Compliance Systems Ltd
£375.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (3.8%)
- Quality Compliance Systems Ltd
3.8% - Industry AVG
Production
with a gross margin of 45.3%, this company has a higher cost of product (95.6%)
- Quality Compliance Systems Ltd
95.6% - Industry AVG
Profitability
an operating margin of -29.9% make it less profitable than the average company (1.4%)
- Quality Compliance Systems Ltd
1.4% - Industry AVG
Employees
with 59 employees, this is above the industry average (10)
59 - Quality Compliance Systems Ltd
10 - Industry AVG
Pay Structure
on an average salary of £25.9k, the company has an equivalent pay structure (£25.9k)
- Quality Compliance Systems Ltd
£25.9k - Industry AVG
Efficiency
resulting in sales per employee of £23.3k, this is less efficient (£49.4k)
- Quality Compliance Systems Ltd
£49.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Quality Compliance Systems Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 110 days, this is slower than average (37 days)
- Quality Compliance Systems Ltd
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Quality Compliance Systems Ltd
- - Industry AVG
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
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
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 House, Pomanda Estimates
Apr 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | |||||||||||||
Other Income Or Grants | |||||||||||||
Cost Of Sales | |||||||||||||
Gross Profit | |||||||||||||
Admin Expenses | |||||||||||||
Operating Profit | |||||||||||||
Interest Payable | |||||||||||||
Interest Receivable | |||||||||||||
Pre-Tax Profit | |||||||||||||
Tax | |||||||||||||
Profit After Tax | |||||||||||||
Dividends Paid | |||||||||||||
Retained Profit | |||||||||||||
Employee Costs | |||||||||||||
Number Of Employees | 59 | 56 | 47 | 40 | 41 | 35 | 22 | ||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 32,133 | 60,349 | 35,870 | 119,030 | 329,392 | 422,846 | 89,222 | 9,995 | 0 | 1,206 | 3,553 | 6,342 | 0 |
Intangible Assets | 1,225,148 | 941,717 | 633,373 | 389,831 | 297,767 | 217,966 | 140,284 | 0 | 0 | 37,234 | 74,469 | 81,074 | 58,792 |
Investments & Other | 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 | 80,692 | 0 | 0 | 0 |
Total Fixed Assets | 1,257,281 | 1,002,066 | 669,243 | 508,861 | 627,159 | 640,812 | 229,506 | 9,995 | 0 | 119,132 | 78,022 | 87,416 | 58,792 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 0 | 3,895 | 3,020 | 6,688 | 17,174 | 0 | 0 | 394,310 | 236,419 | 985,563 | 677,055 | 453,592 | 189,311 |
Group Debtors | 0 | 982,500 | 784,566 | 368,989 | 321,495 | 492,359 | 231,254 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 656,983 | 579,386 | 260,489 | 346,149 | 309,072 | 312,163 | 333,239 | 147,302 | 134,000 | 0 | 0 | 0 | 0 |
Cash | 429,048 | 1,323,363 | 1,837,002 | 266,920 | 500,674 | 153,374 | 350,270 | 353,018 | 48,927 | 40,023 | 41,175 | 6,910 | 4,744 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 1,086,031 | 2,889,144 | 2,885,077 | 988,746 | 1,148,415 | 957,896 | 914,763 | 894,630 | 419,346 | 1,025,586 | 718,230 | 460,502 | 194,055 |
total assets | 2,343,312 | 3,891,210 | 3,554,320 | 1,497,607 | 1,775,574 | 1,598,708 | 1,144,269 | 904,625 | 419,346 | 1,144,718 | 796,252 | 547,918 | 252,847 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 220,000 | 73,333 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 226,818 | 485,503 | 136,033 | 132,782 | 99,373 | 148,168 | 78,094 | 891,991 | 515,917 | 1,084,397 | 891,332 | 184,994 | 183,790 |
Group/Directors Accounts | 697,521 | 40,875 | 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 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 1,429,246 | 1,125,751 | 1,613,383 | 925,015 | 953,261 | 790,169 | 784,018 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 2,353,585 | 1,872,129 | 1,822,749 | 1,057,797 | 1,052,634 | 938,337 | 862,112 | 891,991 | 515,917 | 1,084,397 | 891,332 | 184,994 | 183,790 |
loans | 0 | 806,667 | 1,026,667 | 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 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 135,071 | 0 |
other liabilities | 117,798 | 86,804 | 100,863 | 154,161 | 200,329 | 282,564 | 28,601 | 0 | 0 | 125,304 | 319,560 | 389,259 | 227,951 |
provisions | 247,744 | 247,744 | 125,118 | 89,051 | 106,360 | 71,884 | 18,000 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 365,542 | 1,141,215 | 1,252,648 | 243,212 | 306,689 | 354,448 | 46,601 | 0 | 0 | 125,304 | 319,560 | 524,330 | 227,951 |
total liabilities | 2,719,127 | 3,013,344 | 3,075,397 | 1,301,009 | 1,359,323 | 1,292,785 | 908,713 | 891,991 | 515,917 | 1,209,701 | 1,210,892 | 709,324 | 411,741 |
net assets | -375,815 | 877,866 | 478,923 | 196,598 | 416,251 | 305,923 | 235,556 | 12,634 | -96,571 | -64,983 | -414,640 | -161,406 | -158,894 |
total shareholders funds | -375,815 | 877,866 | 478,923 | 196,598 | 416,251 | 305,923 | 235,556 | 12,634 | -96,571 | -64,983 | -414,640 | -161,406 | -158,894 |
Apr 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||
Operating Profit | |||||||||||||
Depreciation | 41,510 | 24,329 | 20,375 | 102,107 | 97,073 | 90,375 | 27,265 | 4,997 | 1,206 | 2,789 | 2,789 | 2,024 | 32,241 |
Amortisation | 683,428 | 342,795 | 210,510 | 118,291 | 97,647 | 0 | 0 | 0 | 37,234 | 37,235 | 45,445 | 61,870 | 0 |
Tax | |||||||||||||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 656,983 | 517,706 | 326,249 | 74,085 | -156,781 | 240,029 | 22,881 | 171,193 | -695,836 | 389,200 | 223,463 | 264,281 | 189,311 |
Creditors | 226,818 | 349,470 | 3,251 | 33,409 | -48,795 | 70,074 | -813,897 | 376,074 | -568,480 | 193,065 | 706,338 | 1,204 | 183,790 |
Accruals and Deferred Income | 1,429,246 | -487,632 | 688,368 | -28,246 | 163,092 | 6,151 | 784,018 | 0 | 0 | 0 | -135,071 | 135,071 | 0 |
Deferred Taxes & Provisions | 247,744 | 122,626 | 36,067 | -17,309 | 34,476 | 53,884 | 18,000 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | |||||||||||||
Investing Activities | |||||||||||||
capital expenditure | |||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||||||
Financing Activities | |||||||||||||
Bank loans | 0 | 146,667 | 73,333 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 697,521 | 40,875 | 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 |
Long term loans | 0 | -220,000 | 1,026,667 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 117,798 | -14,059 | -53,298 | -46,168 | -82,235 | 253,963 | 28,601 | 0 | -125,304 | -194,256 | -69,699 | 161,308 | 227,951 |
share issue | |||||||||||||
interest | |||||||||||||
cash flow from financing | |||||||||||||
cash and cash equivalents | |||||||||||||
cash | 429,048 | -513,639 | 1,570,082 | -233,754 | 347,300 | -196,896 | -2,748 | 304,091 | 8,904 | -1,152 | 34,265 | 2,166 | 4,744 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 429,048 | -513,639 | 1,570,082 | -233,754 | 347,300 | -196,896 | -2,748 | 304,091 | 8,904 | -1,152 | 34,265 | 2,166 | 4,744 |
quality compliance systems ltd Credit Report and Business Information
Quality Compliance Systems Ltd Competitor Analysis
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.
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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Mathew Whittingham | England | 47 years | Aug 2012 | - | Director |
Mr Jeffery Surges | United Kingdom | 57 years | Aug 2022 | - | Director |
Mr Peter Holbrook | United Kingdom | 56 years | Aug 2022 | - | Director |
Miss Charlene Burns | United Kingdom | 41 years | Feb 2023 | - | Director |
Mr John Osment | United Kingdom | 40 years | Feb 2023 | - | Director |
P&L
April 2023turnover
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 2023net 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
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quality compliance systems ltd Companies House Filings - See Documents
date | description | view/download |
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