quartix technologies plc
quartix technologies plc Company Information
Company Number
06395159
Next Accounts
Jun 2025
Shareholders
andrew walters
dominie walters
View AllGroup Structure
View All
Industry
Manufacture of other transport equipment n.e.c.
+1Registered Address
no.9 journey campus castle park, cambridge, CB3 0AX
Website
www.quartix.co.ukquartix technologies plc Estimated Valuation
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
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
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
5 Strong
2 Regular
5 Weak
Size
annual sales of £29.9m, make it larger than the average company (£9m)
£29.9m - Quartix Technologies Plc
£9m - Industry AVG
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
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
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
with 187 employees, this is above the industry average (48)
187 - Quartix Technologies Plc
48 - Industry AVG
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
resulting in sales per employee of £159.8k, this is equally as efficient (£139.2k)
£159.8k - Quartix Technologies Plc
£139.2k - Industry AVG
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
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
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
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
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
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 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 | 29,882,000 | 27,517,000 | 25,513,000 | 25,835,000 | 25,621,000 | 25,706,000 | 24,517,000 | 23,339,000 | 19,675,000 | 15,331,000 | 13,180,000 | 8,311,000 | 6,697,880 | ||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 12,904,000 | 7,815,000 | 6,760,000 | 8,788,000 | 8,995,000 | 8,394,000 | 9,646,000 | 9,276,000 | 7,525,000 | 5,388,000 | 4,590,000 | 2,298,000 | 2,285,121 | ||
| Gross Profit | 16,978,000 | 19,702,000 | 18,753,000 | 17,047,000 | 16,626,000 | 17,312,000 | 14,871,000 | 14,063,000 | 12,150,000 | 9,943,000 | 8,590,000 | 6,013,000 | 4,412,759 | ||
| Admin Expenses | 18,034,000 | 14,149,000 | 13,328,000 | 11,367,000 | 10,188,000 | 9,089,000 | 8,249,000 | 7,520,000 | 6,105,000 | 5,058,000 | 3,877,000 | 3,093,000 | 3,472,872 | ||
| Operating Profit | -1,056,000 | 5,553,000 | 5,425,000 | 5,680,000 | 6,438,000 | 8,223,000 | 6,622,000 | 6,543,000 | 6,045,000 | 4,885,000 | 4,713,000 | 2,920,000 | 939,887 | ||
| Interest Payable | 31,000 | 31,000 | 23,000 | 40,000 | 21,000 | 24,000 | 69,000 | 104,000 | 120,000 | 208,000 | 302,182 | ||||
| Interest Receivable | 10,000 | 8,000 | 19,000 | 34,000 | 29,000 | 17,000 | 21,000 | 13,000 | 14,000 | 12,000 | 94,000 | 1,547 | |||
| Pre-Tax Profit | -1,077,000 | 5,530,000 | 5,402,000 | 5,659,000 | 6,451,000 | 8,252,000 | 6,639,000 | 6,540,000 | 5,989,000 | 5,043,000 | 4,605,000 | 2,806,000 | 639,252 | ||
| Tax | 169,000 | -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 | -908,000 | 5,044,000 | 4,984,000 | 4,728,000 | 5,410,000 | 7,010,000 | 5,846,000 | 6,087,000 | 5,014,000 | 4,032,000 | 3,863,000 | 2,330,000 | 364,782 | ||
| Dividends Paid | 3,775,000 | 4,112,000 | 9,274,000 | 6,442,000 | 5,421,000 | 2,933,000 | 2,348,000 | 2,779,000 | |||||||
| Retained Profit | -4,683,000 | 932,000 | -4,290,000 | 4,728,000 | 5,410,000 | 568,000 | 425,000 | 3,154,000 | 2,666,000 | 1,253,000 | 3,863,000 | 2,330,000 | 364,782 | ||
| Employee Costs | 8,945,000 | 7,845,000 | 7,447,000 | 5,912,000 | 5,555,000 | 4,989,000 | 4,921,000 | 4,394,000 | 3,504,000 | 2,937,000 | 2,033,000 | 1,609,000 | 1,178,489 | ||
| Number Of Employees | 187 | 189 | 182 | 158 | 147 | 136 | 128 | 135 | 101 | 86 | 61 | 47 | 35 | ||
| EBITDA* | -823,000 | 81,553,000 | 5,756,000 | 6,037,000 | 6,808,000 | 8,408,000 | 6,808,000 | 6,695,000 | 6,177,000 | 4,885,000 | 4,772,000 | 2,959,000 | 1,828,532 |
* 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 | 3,866,000 | 2,017,000 | 2,106,000 | 1,845,000 | 1,151,000 | 661,000 | 1,002,000 | 501,000 | 394,000 | 187,000 | 188,000 | 139,000 | 51,428 | ||
| Intangible Assets | 14,029,000 | 14,029,000 | 14,029,000 | 14,029,000 | 14,029,000 | 14,029,000 | 14,029,000 | 14,029,000 | 14,029,000 | 14,029,000 | 14,029,000 | 14,029,000 | 13,207,906 | ||
| Investments & Other | 18,461,513 | 18,461,513 | |||||||||||||
| Debtors (Due After 1 year) | 2,038,000 | 962,000 | 575,000 | 432,000 | 306,000 | 365,580 | |||||||||
| Total Fixed Assets | 16,751,000 | 15,836,000 | 15,560,000 | 15,739,000 | 15,180,000 | 14,690,000 | 15,031,000 | 14,530,000 | 14,423,000 | 14,216,000 | 14,217,000 | 14,168,000 | 13,624,914 | 18,461,513 | 18,461,513 |
| Stock & work in progress | 1,411,000 | 1,989,000 | 1,330,000 | 694,000 | 877,000 | 771,000 | 703,000 | 680,000 | 638,000 | 436,000 | 220,000 | 348,000 | 187,975 | ||
| Trade Debtors | 8,122,000 | 6,869,000 | 5,914,000 | 3,516,000 | 2,784,000 | 2,583,000 | 2,647,000 | 2,318,000 | 2,313,000 | 1,793,000 | 1,723,000 | 937,000 | 1,208,548 | 13,750 | 5,000 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 614,000 | 359,000 | 340,000 | 295,000 | 1,123,000 | 998,000 | 362,000 | 273,000 | 273,000 | 140,000 | 66,000 | 46,000 | 43,320 | ||
| Cash | 2,380,000 | 5,063,000 | 5,414,000 | 10,570,000 | 6,789,000 | 6,779,000 | 7,312,000 | 6,249,000 | 4,040,000 | 1,812,000 | 779,000 | 991,000 | 580,890 | 16,637 | 27,186 |
| misc current assets | |||||||||||||||
| total current assets | 12,527,000 | 14,280,000 | 12,998,000 | 15,075,000 | 11,573,000 | 11,131,000 | 11,024,000 | 9,520,000 | 7,264,000 | 4,181,000 | 2,788,000 | 2,322,000 | 2,020,733 | 30,387 | 32,186 |
| total assets | 29,278,000 | 30,116,000 | 28,558,000 | 30,814,000 | 26,753,000 | 25,821,000 | 26,055,000 | 24,050,000 | 21,687,000 | 18,397,000 | 17,005,000 | 16,490,000 | 15,645,647 | 18,491,900 | 18,493,699 |
| Bank overdraft | |||||||||||||||
| Bank loan | 997,000 | 993,000 | 993,000 | 993,000 | 1,500,000 | ||||||||||
| Trade Creditors | 3,955,000 | 3,650,000 | 1,674,000 | 1,612,000 | 1,750,000 | 1,252,000 | 1,385,000 | 1,572,000 | 1,632,000 | 1,093,000 | 802,000 | 552,000 | 369,354 | 2,121,820 | |
| Group/Directors Accounts | 1,200,274 | ||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 113,000 | 135,000 | 156,000 | ||||||||||||
| other current liabilities | 7,011,000 | 4,938,000 | 5,619,000 | 6,812,000 | 6,625,000 | 6,316,000 | 7,863,000 | 4,149,000 | 3,861,000 | 3,160,000 | 2,543,000 | 1,771,000 | 1,391,226 | 2,500 | |
| total current liabilities | 10,966,000 | 8,588,000 | 7,406,000 | 8,559,000 | 8,531,000 | 7,568,000 | 9,248,000 | 5,721,000 | 6,490,000 | 5,246,000 | 4,338,000 | 3,316,000 | 1,760,580 | 2,121,820 | 2,702,774 |
| loans | 1,040,000 | 1,234,000 | 1,300,000 | 1,644,000 | 482,000 | 1,986,000 | 3,966,000 | 3,972,000 | 5,252,814 | 13,497,863 | |||||
| hp & lease commitments | 520,000 | 617,000 | 650,000 | 822,000 | 241,000 | ||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 5,000 | 62,000 | 5,854,221 | ||||||||||||
| provisions | 2,886,000 | 914,000 | 300,000 | 8,000 | 48,000 | 24,000 | |||||||||
| total long term liabilities | 1,963,000 | 617,000 | 1,107,000 | 822,000 | 241,000 | 150,000 | 997,000 | 2,007,000 | 2,003,000 | 5,314,814 | 5,854,221 | 13,497,863 | |||
| total liabilities | 12,929,000 | 9,205,000 | 8,513,000 | 9,381,000 | 8,772,000 | 7,718,000 | 9,248,000 | 5,721,000 | 6,490,000 | 6,243,000 | 6,345,000 | 5,319,000 | 7,075,394 | 7,976,041 | 16,200,637 |
| net assets | 16,349,000 | 20,911,000 | 20,045,000 | 21,433,000 | 17,981,000 | 18,103,000 | 16,807,000 | 18,329,000 | 15,197,000 | 12,154,000 | 10,660,000 | 11,171,000 | 8,570,253 | 10,515,859 | 2,293,062 |
| total shareholders funds | 16,349,000 | 20,911,000 | 20,045,000 | 21,433,000 | 17,981,000 | 18,103,000 | 16,807,000 | 18,329,000 | 15,197,000 | 12,154,000 | 10,660,000 | 11,171,000 | 8,570,253 | 10,515,859 | 2,293,062 |
| 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 | -1,056,000 | 5,553,000 | 5,425,000 | 5,680,000 | 6,438,000 | 8,223,000 | 6,622,000 | 6,543,000 | 6,045,000 | 4,885,000 | 4,713,000 | 2,920,000 | 939,887 | ||
| Depreciation | 233,000 | 76,000,000 | 331,000 | 357,000 | 370,000 | 185,000 | 186,000 | 152,000 | 132,000 | 59,000 | 39,000 | 35,900 | |||
| Amortisation | 852,745 | ||||||||||||||
| Tax | 169,000 | -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 | -578,000 | 659,000 | 636,000 | -183,000 | 106,000 | 68,000 | 23,000 | 42,000 | 202,000 | 216,000 | -128,000 | 160,025 | 187,975 | ||
| Debtors | 2,584,000 | 1,361,000 | 2,586,000 | 30,000 | 632,000 | 572,000 | 418,000 | 5,000 | 653,000 | 144,000 | 806,000 | -634,448 | 1,603,698 | 8,750 | 5,000 |
| Creditors | 305,000 | 1,976,000 | 62,000 | -138,000 | 498,000 | -133,000 | -187,000 | -60,000 | 539,000 | 291,000 | 250,000 | 182,646 | -1,752,466 | 2,121,820 | |
| Accruals and Deferred Income | 2,073,000 | -681,000 | -1,193,000 | 187,000 | 309,000 | -1,547,000 | 3,714,000 | 288,000 | 701,000 | 617,000 | 772,000 | 379,774 | 1,391,226 | -2,500 | 2,500 |
| Deferred Taxes & Provisions | 2,886,000 | -914,000 | 914,000 | -300,000 | 300,000 | -8,000 | -40,000 | 24,000 | 24,000 | ||||||
| Cash flow from operations | 2,604,000 | 79,428,000 | 1,899,000 | 5,308,000 | 5,536,000 | 5,146,000 | 9,101,000 | 6,423,000 | 5,579,000 | 4,382,000 | 4,398,000 | 3,543,843 | -598,851 | ||
| Investing Activities | |||||||||||||||
| capital expenditure | -49,528 | ||||||||||||||
| Change in Investments | -18,461,513 | 18,461,513 | |||||||||||||
| cash flow from investments | 18,411,985 | ||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -997,000 | 4,000 | 993,000 | -1,500,000 | 1,500,000 | ||||||||||
| Group/Directors Accounts | -1,200,274 | 1,200,274 | |||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -194,000 | -66,000 | -344,000 | 1,162,000 | 482,000 | -1,986,000 | -1,980,000 | -6,000 | -1,280,814 | 5,252,814 | -13,497,863 | 13,497,863 | |||
| Hire Purchase and Lease Commitments | -97,000 | -146,000 | -194,000 | 560,000 | 397,000 | ||||||||||
| other long term liabilities | -5,000 | -57,000 | -5,792,221 | 5,854,221 | |||||||||||
| share issue | |||||||||||||||
| interest | -21,000 | -23,000 | -23,000 | -21,000 | 13,000 | 29,000 | 17,000 | -3,000 | -56,000 | -90,000 | -108,000 | -114,000 | -300,635 | ||
| cash flow from financing | -191,000 | -301,000 | 2,341,000 | 425,000 | -4,640,000 | 757,000 | -1,930,000 | -1,022,000 | -1,661,000 | -1,829,000 | -4,493,000 | -188,067 | -3,150,430 | ||
| cash and cash equivalents | |||||||||||||||
| cash | -2,683,000 | -351,000 | -5,156,000 | 3,781,000 | 10,000 | -533,000 | 1,063,000 | 2,209,000 | 2,228,000 | 1,033,000 | -212,000 | 410,110 | 564,253 | -10,549 | 27,186 |
| overdraft | |||||||||||||||
| change in cash | -2,683,000 | -351,000 | -5,156,000 | 3,781,000 | 10,000 | -533,000 | 1,063,000 | 2,209,000 | 2,228,000 | 1,033,000 | -212,000 | 410,110 | 564,253 | -10,549 | 27,186 |
quartix technologies plc Credit Report and Business Information
Quartix Technologies Plc Competitor Analysis
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.
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).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Walters | England | 68 years | Sep 2023 | - | Director |
| Mrs Alison Seekings | United Kingdom | 57 years | Nov 2023 | - | Director |
| Mr Ian Spence | England | 54 years | Feb 2024 | - | Director |
P&L
December 2023turnover
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 2023net 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
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.
Click to start generating capital raising & share issue transactions for QUARTIX TECHNOLOGIES PLC. This can take several minutes, an email will notify you when this has completed.
quartix technologies plc Companies House Filings - See Documents
| date | description | view/download |
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