Qubic Tax Ltd

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qubic tax ltd Company Information

Live

EstablishedMicroDeclining

Company Number

06472862

Website

www.qubictax.com

Registered Address

2 st. james gate, newcastle upon tyne, NE1 4AD

Industry

Tax consultancy

Telephone

02072839555

Next Accounts Due

June 2025

Group Structure

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Directors

David Graham16 Years

Shareholders

qubic associate group ltd 100%

qubic tax ltd Estimated Valuation

£41.2k

Pomanda estimates the enterprise value of QUBIC TAX LTD at £41.2k based on a Turnover of £41.5k and 0.99x industry multiple (adjusted for size and gross margin).

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Qubic Tax Ltd is a live company located in newcastle upon tyne, NE1 4AD with a Companies House number of 06472862. It operates in the tax consultancy sector, SIC Code 69203. Founded in January 2008, it's largest shareholder is qubic associate group ltd with a 100% stake. Qubic Tax Ltd is a established, micro sized company, Pomanda has estimated its turnover at £41.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Qubic Tax Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £41.5k, make it smaller than the average company (£257.9k)

Growth

3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (5.3%)

EXPORT

Qubic Tax Ltd's latest turnover from September 2023 is estimated at £41.5 thousand and the company has net assets of -£150.9 thousand. According to their latest financial statements, Qubic Tax Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Mar 2011	Mar 2010
Turnover	41,504	217,464	12,654	75,502	792,868	2,695,427	3,889,225	7,676,749	10,701,777	13,392,513	8,463,613	5,464,504	9,050,507	2,360,738
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	26,255	162,494	7,717	35,874	183,410	955,469	2,158,065	4,171,926	7,230,805	5,775,366	2,730,826	1,764,922	1,222,480	424,112
Gross Profit	15,248	54,970	4,937	39,628	609,458	1,739,958	1,731,159	3,504,823	3,470,972	7,617,147	5,732,787	3,699,582	7,828,027	1,936,626
Admin Expenses	112,344	40,577	114,609	149,176	3,110,467	770,536	863,302	3,933,624	3,260,569	6,987,583	4,808,088	3,636,797	8,083,574	1,348,766
Operating Profit	-97,096	14,393	-109,672	-109,548	-2,501,009	969,422	867,857	-428,801	210,403	629,564	924,699	62,785	-255,547	587,860
Interest Payable	0	0	0	0	0	0	0	0	0	48	11	0	0	0
Interest Receivable	0	104	66	219	12,226	24,676	7,210	13,933	16,995	53,384	31,879	8,680	12,357	5,762
Pre-Tax Profit	-97,096	14,498	-109,606	-109,329	-2,488,783	994,099	875,067	-414,868	227,398	682,900	956,567	71,466	-243,190	593,622
Tax	0	-2,755	0	0	0	-188,879	-166,263	-2,787	-53,165	-208,990	-295,434	-17,152	0	-166,214
Profit After Tax	-97,096	11,743	-109,606	-109,329	-2,488,783	805,220	708,804	-417,655	174,233	473,910	661,133	54,314	-243,190	427,408
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-97,096	11,743	-109,606	-109,329	-2,488,783	805,220	708,804	-417,655	174,233	473,910	661,133	54,314	-243,190	427,408
Employee Costs	46,345	45,488	36,230	24,737	40,467	30,879	32,010	47,810	3,453,635	5,506,879	3,805,275	1,151,282	2,808,232	813,660
Number Of Employees	1	1	1	1	1	1	1	1	69	73	56	33	71	22
EBITDA*	-97,096	23,486	-99,738	-28,494	-2,420,298	1,037,427	910,152	-362,199	282,535	686,856	972,848	123,047	-240,951	600,140

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Mar 2011	Mar 2010
Tangible Assets	993	6,559	15,652	25,586	244,687	273,307	244,340	79,926	142,014	173,183	166,212	318,193	67,652	56,080
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	9,572	9,572	9,572	9,572	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	993	6,559	15,652	25,586	244,687	273,307	244,340	79,926	151,586	182,755	175,784	327,765	67,652	56,080
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	17,985	118,913	1	64,045	587,870	2,010,426	2,007,808	758,619	828,408	907,192	1,124,015	1,309,535	2,191,955	755,528
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	568,867	1,323,607	1,347,650	2,450,474	612,442	861,339	1,697,649	1,709,012	510,569	0	0	0
Cash	0	0	9,268	122,218	316,727	2,943,478	3,636,898	2,131,176	2,777,153	2,670,237	2,359,125	834,199	2,637,963	2,304,933
misc current assets	0	0	0	0	0	0	0	0	0	0	300,000	300,000	0	0
total current assets	17,985	118,913	578,136	1,509,870	2,252,247	7,404,378	6,257,148	3,751,134	5,303,210	5,286,441	4,293,709	2,443,734	4,829,918	3,060,461
total assets	18,978	125,472	593,788	1,535,456	2,496,934	7,677,685	6,501,488	3,831,060	5,454,796	5,469,196	4,469,493	2,771,499	4,897,570	3,116,541
Bank overdraft	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
Trade Creditors	169,851	179,249	53,803	224,488	411,407	673,478	689,812	76,393	221,340	239,669	173,881	2,489,236	4,701,167	2,684,609
Group/Directors Accounts	0	0	0	0	0	0	0	0	38,483	0	8,450	0	0	0
other short term finances	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
other current liabilities	0	0	605,405	1,266,782	1,876,812	4,254,112	3,832,651	2,602,946	3,625,597	3,830,178	3,365,329	0	0	0
total current liabilities	169,851	179,249	659,208	1,491,270	2,288,219	4,927,590	4,522,463	2,679,339	3,885,420	4,069,847	3,547,660	2,489,236	4,701,167	2,684,609
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	46,482	99,079	133,230	0	0	0	0	0	0	0
provisions	0	0	0	0	8,718	8,718	8,717	23,447	23,447	27,653	22,069	43,631	12,085	4,424
total long term liabilities	0	0	0	0	55,200	107,797	141,947	23,447	23,447	27,653	22,069	43,631	12,085	4,424
total liabilities	169,851	179,249	659,208	1,491,270	2,343,419	5,035,387	4,664,410	2,702,786	3,908,867	4,097,500	3,569,729	2,532,867	4,713,252	2,689,033
net assets	-150,873	-53,777	-65,420	44,186	153,515	2,642,298	1,837,078	1,128,274	1,545,929	1,371,696	899,764	238,632	184,318	427,508
total shareholders funds	-150,873	-53,777	-65,420	44,186	153,515	2,642,298	1,837,078	1,128,274	1,545,929	1,371,696	899,764	238,632	184,318	427,508

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-97,096	14,393	-109,672	-109,548	-2,501,009	969,422	867,857	-428,801	210,403	629,564	924,699	62,785	-255,547	587,860
Depreciation	0	9,093	9,934	81,054	80,711	68,005	42,295	66,602	72,132	57,292	48,149	60,262	14,596	12,280
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-2,755	0	0	0	-188,879	-166,263	-2,787	-53,165	-208,990	-295,434	-17,152	0	-166,214
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-100,928	-449,955	-818,784	-547,868	-2,525,380	1,840,650	1,000,292	-906,099	-90,147	981,620	325,049	-882,420	1,436,427	755,528
Creditors	-9,398	125,446	-170,685	-186,919	-262,071	-16,334	613,419	-144,947	-18,329	65,788	-2,315,355	-2,211,931	2,016,558	2,684,609
Accruals and Deferred Income	0	-605,405	-661,377	-610,030	-2,377,300	421,461	1,229,705	-1,022,651	-204,581	464,849	3,365,329	0	0	0
Deferred Taxes & Provisions	0	0	0	-8,718	0	1	-14,730	0	-4,206	5,584	-21,562	31,546	7,661	4,424
Cash flow from operations	-5,566	-9,273	-113,016	-286,293	-2,534,289	-586,974	1,571,991	-626,485	92,401	32,467	1,380,777	-1,192,070	346,841	2,367,431
Investing Activities
capital expenditure	5,566	0	0	138,047	-52,091	-96,972	-206,709	3,113	43,836	235,737	-80,770	-310,803	-26,168	-68,360
Change in Investments	0	0	0	0	0	0	0	-9,572	0	0	0	9,572	0	0
cash flow from investments	5,566	0	0	138,047	-52,091	-96,972	-206,709	12,685	43,836	235,737	-80,770	-320,375	-26,168	-68,360
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	-38,483	38,483	-8,450	8,450	0	0	0
Other Short Term Loans	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	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	-46,482	-52,597	-34,151	133,230	0	0	0	0	0	0	0
share issue	0	-100	0	0	0	0	0	0	0	-1,978	-1	0	0	100
interest	0	104	66	219	12,226	24,676	7,210	13,933	16,995	53,336	31,868	8,680	12,357	5,762
cash flow from financing	0	4	66	-46,263	-40,371	-9,475	140,440	-24,550	55,478	42,908	40,317	8,680	12,357	5,862
cash and cash equivalents
cash	0	-9,268	-112,950	-194,509	-2,626,751	-693,420	1,505,722	-645,977	106,916	311,112	1,524,926	-1,803,764	333,030	2,304,933
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	-9,268	-112,950	-194,509	-2,626,751	-693,420	1,505,722	-645,977	106,916	311,112	1,524,926	-1,803,764	333,030	2,304,933

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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QUBIC TAX LTD group structure

Qubic Tax Ltd has no subsidiary companies.

Ultimate parent company

QUBIC ASSOCIATE GROUP LIMITED

06871396

1 parent

QUBIC TAX LTD

06472862

QUBIC TAX LTD Shareholders

qubic associate group ltd

100%

Qubic Tax Ltd currently has 1 director, Mr David Graham serving since Jan 2008.

officer	country	age	start	end	role
Mr David Graham	United Kingdom	46 years	Jan 2008	-	Director

P&L

September 2023

turnover

41.5k

-81%

operating profit

-97.1k

gross margin

36.8%

+45.34%

turnover

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

Balance Sheet

September 2023

net assets

-150.9k

+1.81%

total assets

19k

-0.85%

cash

net assets

Total assets minus all liabilities

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company number

06472862

Type

Private limited with Share Capital

industry

69203 - Tax consultancy

incorporation date

January 2008

age

accounts

Micro-Entity Accounts

ultimate parent company

QUBIC ASSOCIATE GROUP LIMITED

previous names

qubic associates ltd (September 2011)

incorporated

address

2 st. james gate, newcastle upon tyne, NE1 4AD

last accounts submitted

September 2023

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 2 charges/mortgages relating to qubic tax ltd. Currently there are 2 open charges and 0 have been satisfied in the past.

qubic tax ltd Company Information

qubic tax ltd Estimated Valuation

qubic tax ltd Estimated Valuation

qubic tax ltd Estimated Valuation

Qubic Tax Ltd Overview

Qubic Tax Ltd Health Check

QUBIC TAX LTD financials

qubic tax ltd Credit Report and Business Information

Qubic Tax Ltd Competitor Analysis

qubic tax ltd Ownership

qubic tax ltd directors

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