quartix technologies plc

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quartix technologies plc Company Information

Share QUARTIX TECHNOLOGIES PLC

Company Number

06395159

Shareholders

andrew walters

dominie walters

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Group Structure

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Industry

Manufacture of other transport equipment n.e.c.

 +1

Registered Address

no.9 journey campus castle park, cambridge, CB3 0AX

quartix technologies plc Estimated Valuation

£35m

Pomanda estimates the enterprise value of QUARTIX TECHNOLOGIES PLC at £35m based on a Turnover of £29.9m and 1.17x industry multiple (adjusted for size and gross margin).

quartix technologies plc Estimated Valuation

£0

Pomanda estimates the enterprise value of QUARTIX TECHNOLOGIES PLC at £0 based on an EBITDA of £-823k and a 7.79x industry multiple (adjusted for size and gross margin).

quartix technologies plc Estimated Valuation

£41.4m

Pomanda estimates the enterprise value of QUARTIX TECHNOLOGIES PLC at £41.4m based on Net Assets of £16.3m and 2.53x industry multiple (adjusted for liquidity).

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Quartix Technologies Plc Overview

Quartix Technologies Plc is a live company located in cambridge, CB3 0AX with a Companies House number of 06395159. It operates in the manufacture of other transport equipment n.e.c. sector, SIC Code 30990. Founded in October 2007, it's largest shareholder is andrew walters with a 22.6% stake. Quartix Technologies Plc is a established, large sized company, Pomanda has estimated its turnover at £29.9m with healthy growth in recent years.

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Quartix Technologies Plc Health Check

Pomanda's financial health check has awarded Quartix Technologies Plc a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £29.9m, make it larger than the average company (£9m)

£29.9m - Quartix Technologies Plc

£9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (8.1%)

5% - Quartix Technologies Plc

8.1% - Industry AVG

production

Production

with a gross margin of 56.8%, this company has a lower cost of product (46.8%)

56.8% - Quartix Technologies Plc

46.8% - Industry AVG

profitability

Profitability

an operating margin of -3.5% make it less profitable than the average company (5.8%)

-3.5% - Quartix Technologies Plc

5.8% - Industry AVG

employees

Employees

with 187 employees, this is above the industry average (48)

187 - Quartix Technologies Plc

48 - Industry AVG

paystructure

Pay Structure

on an average salary of £47.8k, the company has a higher pay structure (£38.1k)

£47.8k - Quartix Technologies Plc

£38.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £159.8k, this is equally as efficient (£139.2k)

£159.8k - Quartix Technologies Plc

£139.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 99 days, this is later than average (50 days)

99 days - Quartix Technologies Plc

50 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 111 days, this is slower than average (36 days)

111 days - Quartix Technologies Plc

36 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 39 days, this is less than average (50 days)

39 days - Quartix Technologies Plc

50 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (40 weeks)

11 weeks - Quartix Technologies Plc

40 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 44.2%, this is a similar level of debt than the average (44.9%)

44.2% - Quartix Technologies Plc

44.9% - Industry AVG

QUARTIX TECHNOLOGIES PLC financials

EXPORTms excel logo

Quartix Technologies Plc's latest turnover from December 2023 is £29.9 million and the company has net assets of £16.3 million. According to their latest financial statements, Quartix Technologies Plc has 187 employees and maintains cash reserves of £2.4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover29,882,00027,517,00025,513,00025,835,00025,621,00025,706,00024,517,00023,339,00019,675,00015,331,00013,180,0008,311,0006,697,8803,814,625
Other Income Or Grants
Cost Of Sales12,904,0007,815,0006,760,0008,788,0008,995,0008,394,0009,646,0009,276,0007,525,0005,388,0004,590,0002,298,0002,285,1212,150,373
Gross Profit16,978,00019,702,00018,753,00017,047,00016,626,00017,312,00014,871,00014,063,00012,150,0009,943,0008,590,0006,013,0004,412,7591,664,252
Admin Expenses18,034,00014,149,00013,328,00011,367,00010,188,0009,089,0008,249,0007,520,0006,105,0005,058,0003,877,0003,093,0003,472,8721,855,935-487,363
Operating Profit-1,056,0005,553,0005,425,0005,680,0006,438,0008,223,0006,622,0006,543,0006,045,0004,885,0004,713,0002,920,000939,887-191,683487,363
Interest Payable31,00031,00023,00040,00021,00024,00069,000104,000120,000208,000302,182487,431487,431
Interest Receivable10,0008,00019,00034,00029,00017,00021,00013,00014,00012,00094,0001,54711068
Pre-Tax Profit-1,077,0005,530,0005,402,0005,659,0006,451,0008,252,0006,639,0006,540,0005,989,0005,043,0004,605,0002,806,000639,252-679,004
Tax169,000-486,000-418,000-931,000-1,041,000-1,242,000-793,000-453,000-975,000-1,011,000-742,000-476,000-274,470
Profit After Tax-908,0005,044,0004,984,0004,728,0005,410,0007,010,0005,846,0006,087,0005,014,0004,032,0003,863,0002,330,000364,782-679,004
Dividends Paid3,775,0004,112,0009,274,0006,442,0005,421,0002,933,0002,348,0002,779,000
Retained Profit-4,683,000932,000-4,290,0004,728,0005,410,000568,000425,0003,154,0002,666,0001,253,0003,863,0002,330,000364,782-679,004
Employee Costs8,945,0007,845,0007,447,0005,912,0005,555,0004,989,0004,921,0004,394,0003,504,0002,937,0002,033,0001,609,0001,178,4891,605,981
Number Of Employees1871891821581471361281351018661473558
EBITDA*-823,00081,553,0005,756,0006,037,0006,808,0008,408,0006,808,0006,695,0006,177,0004,885,0004,772,0002,959,0001,828,532-191,683487,363

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets3,866,0002,017,0002,106,0001,845,0001,151,000661,0001,002,000501,000394,000187,000188,000139,00051,428
Intangible Assets14,029,00014,029,00014,029,00014,029,00014,029,00014,029,00014,029,00014,029,00014,029,00014,029,00014,029,00014,029,00013,207,906
Investments & Other18,461,51318,461,513
Debtors (Due After 1 year)2,038,000962,000575,000432,000306,000365,580
Total Fixed Assets16,751,00015,836,00015,560,00015,739,00015,180,00014,690,00015,031,00014,530,00014,423,00014,216,00014,217,00014,168,00013,624,91418,461,51318,461,513
Stock & work in progress1,411,0001,989,0001,330,000694,000877,000771,000703,000680,000638,000436,000220,000348,000187,975
Trade Debtors8,122,0006,869,0005,914,0003,516,0002,784,0002,583,0002,647,0002,318,0002,313,0001,793,0001,723,000937,0001,208,54813,7505,000
Group Debtors
Misc Debtors614,000359,000340,000295,0001,123,000998,000362,000273,000273,000140,00066,00046,00043,320
Cash2,380,0005,063,0005,414,00010,570,0006,789,0006,779,0007,312,0006,249,0004,040,0001,812,000779,000991,000580,89016,63727,186
misc current assets
total current assets12,527,00014,280,00012,998,00015,075,00011,573,00011,131,00011,024,0009,520,0007,264,0004,181,0002,788,0002,322,0002,020,73330,38732,186
total assets29,278,00030,116,00028,558,00030,814,00026,753,00025,821,00026,055,00024,050,00021,687,00018,397,00017,005,00016,490,00015,645,64718,491,90018,493,699
Bank overdraft
Bank loan997,000993,000993,000993,0001,500,000
Trade Creditors 3,955,0003,650,0001,674,0001,612,0001,750,0001,252,0001,385,0001,572,0001,632,0001,093,000802,000552,000369,3542,121,820
Group/Directors Accounts1,200,274
other short term finances
hp & lease commitments113,000135,000156,000
other current liabilities7,011,0004,938,0005,619,0006,812,0006,625,0006,316,0007,863,0004,149,0003,861,0003,160,0002,543,0001,771,0001,391,2262,500
total current liabilities10,966,0008,588,0007,406,0008,559,0008,531,0007,568,0009,248,0005,721,0006,490,0005,246,0004,338,0003,316,0001,760,5802,121,8202,702,774
loans1,040,0001,234,0001,300,0001,644,000482,0001,986,0003,966,0003,972,0005,252,81413,497,863
hp & lease commitments520,000617,000650,000822,000241,000
Accruals and Deferred Income
other liabilities5,00062,0005,854,221
provisions2,886,000914,000300,0008,00048,00024,000
total long term liabilities1,963,000617,0001,107,000822,000241,000150,000997,0002,007,0002,003,0005,314,8145,854,22113,497,863
total liabilities12,929,0009,205,0008,513,0009,381,0008,772,0007,718,0009,248,0005,721,0006,490,0006,243,0006,345,0005,319,0007,075,3947,976,04116,200,637
net assets16,349,00020,911,00020,045,00021,433,00017,981,00018,103,00016,807,00018,329,00015,197,00012,154,00010,660,00011,171,0008,570,25310,515,8592,293,062
total shareholders funds16,349,00020,911,00020,045,00021,433,00017,981,00018,103,00016,807,00018,329,00015,197,00012,154,00010,660,00011,171,0008,570,25310,515,8592,293,062
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-1,056,0005,553,0005,425,0005,680,0006,438,0008,223,0006,622,0006,543,0006,045,0004,885,0004,713,0002,920,000939,887-191,683487,363
Depreciation233,00076,000,000331,000357,000370,000185,000186,000152,000132,00059,00039,00035,900
Amortisation852,745
Tax169,000-486,000-418,000-931,000-1,041,000-1,242,000-793,000-453,000-975,000-1,011,000-742,000-476,000-274,470
Stock-578,000659,000636,000-183,000106,00068,00023,00042,000202,000216,000-128,000160,025187,975
Debtors2,584,0001,361,0002,586,00030,000632,000572,000418,0005,000653,000144,000806,000-634,4481,603,6988,7505,000
Creditors305,0001,976,00062,000-138,000498,000-133,000-187,000-60,000539,000291,000250,000182,646-1,752,4662,121,820
Accruals and Deferred Income2,073,000-681,000-1,193,000187,000309,000-1,547,0003,714,000288,000701,000617,000772,000379,7741,391,226-2,5002,500
Deferred Taxes & Provisions2,886,000-914,000914,000-300,000300,000-8,000-40,00024,00024,000
Cash flow from operations2,604,00079,428,0001,899,0005,308,0005,536,0005,146,0009,101,0006,423,0005,579,0004,382,0004,398,0003,543,843-598,8511,918,887484,863
Investing Activities
capital expenditure-2,082,000-75,911,000-592,000-1,051,000-860,000156,000-687,000-259,000-339,0001,000-108,000-947,666-49,528
Change in Investments-18,461,51318,461,513
cash flow from investments-2,082,000-75,911,000-592,000-1,051,000-860,000156,000-687,000-259,000-339,0001,000-108,000-947,66618,411,985-18,461,513
Financing Activities
Bank loans-997,0004,000993,000-1,500,0001,500,000
Group/Directors Accounts-1,200,2741,200,274
Other Short Term Loans
Long term loans-194,000-66,000-344,0001,162,000482,000-1,986,000-1,980,000-6,000-1,280,8145,252,814-13,497,86313,497,863
Hire Purchase and Lease Commitments-97,000-146,000-194,000560,000397,000
other long term liabilities-5,000-57,000-5,792,2215,854,221
share issue121,000-66,0002,902,000-1,276,000-5,532,000728,000-1,947,000-22,000377,000241,000-4,374,000270,747-2,310,3888,901,8012,293,062
interest-21,000-23,000-23,000-21,00013,00029,00017,000-3,000-56,000-90,000-108,000-114,000-300,635-487,321-487,363
cash flow from financing-191,000-301,0002,341,000425,000-4,640,000757,000-1,930,000-1,022,000-1,661,000-1,829,000-4,493,000-188,067-3,150,430-1,929,43618,003,836
cash and cash equivalents
cash-2,683,000-351,000-5,156,0003,781,00010,000-533,0001,063,0002,209,0002,228,0001,033,000-212,000410,110564,253-10,54927,186
overdraft
change in cash-2,683,000-351,000-5,156,0003,781,00010,000-533,0001,063,0002,209,0002,228,0001,033,000-212,000410,110564,253-10,54927,186

quartix technologies plc Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Quartix Technologies Plc Competitor Analysis

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Perform a competitor analysis for quartix technologies plc by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in CB3 area or any other competitors across 12 key performance metrics.

quartix technologies plc Ownership

QUARTIX TECHNOLOGIES PLC group structure

Quartix Technologies Plc has 1 subsidiary company.

Ultimate parent company

QUARTIX TECHNOLOGIES PLC

06395159

1 subsidiary

QUARTIX TECHNOLOGIES PLC Shareholders

andrew walters 22.64%
dominie walters 22.64%
kenneth giles 16.77%
andrew kirk 16.77%
william hibbert 5.71%
david bridge 5.71%
jeremy bentham 2.85%
rosemary walters 2.52%
thomas walters 2.52%
nia williams 0.42%

quartix technologies plc directors

Quartix Technologies Plc currently has 3 directors. The longest serving directors include Mr Andrew Walters (Sep 2023) and Mrs Alison Seekings (Nov 2023).

officercountryagestartendrole
Mr Andrew WaltersEngland68 years Sep 2023- Director
Mrs Alison SeekingsUnited Kingdom57 years Nov 2023- Director
Mr Ian SpenceEngland54 years Feb 2024- Director

P&L

December 2023

turnover

29.9m

+9%

operating profit

-1.1m

-119%

gross margin

56.9%

-20.65%

turnover

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

Balance Sheet

December 2023

net assets

16.3m

-0.22%

total assets

29.3m

-0.03%

cash

2.4m

-0.53%

net assets

Total assets minus all liabilities

quartix technologies plc company details

company number

06395159

Type

Public limited with Share Capital

industry

30990 - Manufacture of other transport equipment n.e.c.

63990 - Other information service activities n.e.c.

incorporation date

October 2007

age

18

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

December 2023

previous names

quartix holdings plc (June 2021)

quartix holdings limited (July 2014)

accountant

-

auditor

PKF LITTLEJOHN LLP

address

no.9 journey campus castle park, cambridge, CB3 0AX

Bank

BARCLAYS BANK PLC

Legal Advisor

-

quartix technologies 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 quartix technologies plc. Currently there are 0 open charges and 3 have been satisfied in the past.

quartix technologies plc 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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quartix technologies plc Companies House Filings - See Documents

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