qubic associate group limited
qubic associate group limited Company Information
Company Number
06871396
Website
www.qubictax.comRegistered Address
2 st. james gate, newcastle upon tyne, NE1 4AD
Industry
Activities of head offices
Telephone
02072839555
Next Accounts Due
June 2024
Group Structure
View All
Directors
David Graham14 Years
Shareholders
ils trustees limited 100%
qubic associate group limited Estimated Valuation
Pomanda estimates the enterprise value of QUBIC ASSOCIATE GROUP LIMITED at £692.4k based on a Turnover of £246k and 2.81x industry multiple (adjusted for size and gross margin).
qubic associate group limited Estimated Valuation
Pomanda estimates the enterprise value of QUBIC ASSOCIATE GROUP LIMITED at £492.7k based on an EBITDA of £101.2k and a 4.87x industry multiple (adjusted for size and gross margin).
qubic associate group limited Estimated Valuation
Pomanda estimates the enterprise value of QUBIC ASSOCIATE GROUP LIMITED at £202k based on Net Assets of £55.1k and 3.66x industry multiple (adjusted for liquidity).
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Qubic Associate Group Limited Overview
Qubic Associate Group Limited is a live company located in newcastle upon tyne, NE1 4AD with a Companies House number of 06871396. It operates in the activities of head offices sector, SIC Code 70100. Founded in April 2009, it's largest shareholder is ils trustees limited with a 100% stake. Qubic Associate Group Limited is a established, micro sized company, Pomanda has estimated its turnover at £246k with declining growth in recent years.
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Qubic Associate Group Limited Health Check
Pomanda's financial health check has awarded Qubic Associate Group Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £246k, make it smaller than the average company (£19.1m)
- Qubic Associate Group Limited
£19.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (2.1%)
- Qubic Associate Group Limited
2.1% - Industry AVG
Production
with a gross margin of 32.9%, this company has a comparable cost of product (32.9%)
- Qubic Associate Group Limited
32.9% - Industry AVG
Profitability
an operating margin of 21.4% make it more profitable than the average company (6.1%)
- Qubic Associate Group Limited
6.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (118)
1 - Qubic Associate Group Limited
118 - Industry AVG
Pay Structure
on an average salary of £43k, the company has an equivalent pay structure (£43k)
- Qubic Associate Group Limited
£43k - Industry AVG
Efficiency
resulting in sales per employee of £246k, this is more efficient (£172k)
- Qubic Associate Group Limited
£172k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Qubic Associate Group Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 145 days, this is slower than average (47 days)
- Qubic Associate Group Limited
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Qubic Associate Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (17 weeks)
1 weeks - Qubic Associate Group Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.5%, this is a higher level of debt than the average (57%)
96.5% - Qubic Associate Group Limited
57% - Industry AVG
QUBIC ASSOCIATE GROUP LIMITED financials
Qubic Associate Group Limited's latest turnover from September 2022 is estimated at £246 thousand and the company has net assets of £55.1 thousand. According to their latest financial statements, Qubic Associate Group Limited has 1 employee and maintains cash reserves of £40.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 8,148,231 | 11,031,755 | ||||||||||||
| Other Income Or Grants | 0 | 0 | ||||||||||||
| Cost Of Sales | 4,171,926 | 7,230,805 | ||||||||||||
| Gross Profit | 3,976,305 | 3,800,950 | ||||||||||||
| Admin Expenses | 4,038,532 | 3,540,077 | ||||||||||||
| Operating Profit | -62,227 | 260,873 | ||||||||||||
| Interest Payable | 0 | 0 | 0 | |||||||||||
| Interest Receivable | 0 | 15,243 | 17,775 | |||||||||||
| Pre-Tax Profit | 0 | -46,984 | 278,648 | |||||||||||
| Tax | 0 | -63,917 | -64,394 | |||||||||||
| Profit After Tax | 0 | -110,901 | 214,254 | |||||||||||
| Dividends Paid | 0 | 0 | 0 | |||||||||||
| Retained Profit | 0 | -110,901 | 214,254 | |||||||||||
| Employee Costs | 2,575,794 | 2,455,465 | ||||||||||||
| Number Of Employees | 1 | 2 | 3 | 3 | 31 | 28 | ||||||||
| EBITDA* | 4,375 | 260,873 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,972 | 60,592 | 117,379 | 0 | 0 | 0 | 79,926 | 142,014 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 16,938 | 16,938 | 16,938 | 16,938 | 16,836 | 16,834 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 23,910 | 77,530 | 134,317 | 16,938 | 16,836 | 16,834 | 79,926 | 142,014 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 144 | 0 | 0 | 0 | 1,279,321 | 864,993 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 325,589 | 263,350 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,497,219 | 1,961,851 | 1,158,008 | 260,965 | 0 | 0 | 541,600 | 1,540,061 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 40,180 | 23,436 | 351,042 | 328,585 | 1 | 1 | 2,316,016 | 3,015,480 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,537,399 | 1,985,287 | 1,509,194 | 589,550 | 1 | 1 | 4,462,526 | 5,683,884 | 0 | 0 | 0 | 0 | 0 | 0 |
| total assets | 1,561,309 | 2,062,817 | 1,643,511 | 606,488 | 16,837 | 16,835 | 4,542,452 | 5,825,898 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 65,655 | 64,392 | 201,278 | 0 | 0 | 0 | 81,041 | 225,883 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 744,477 | 1,306,181 | 346,982 | 16,734 | 16,732 | 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 | 0 |
| hp & lease commitments | 0 | 0 | 1,356 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,099,385 | 934,255 | 57,125 | 4,871 | 102 | 102 | 2,892,188 | 3,919,891 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,165,040 | 1,743,124 | 1,565,940 | 351,853 | 16,836 | 16,834 | 2,973,229 | 4,145,774 | 0 | 0 | 0 | 0 | 0 | 0 |
| loans | 340,450 | 280,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 50,049 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 674 | 7,053 | 12,757 | 0 | 0 | 0 | 23,447 | 23,447 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 341,124 | 287,053 | 62,806 | 0 | 0 | 0 | 23,447 | 23,447 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,506,164 | 2,030,177 | 1,628,746 | 351,853 | 16,836 | 16,834 | 2,996,676 | 4,169,221 | 0 | 0 | 0 | 0 | 0 | 0 |
| net assets | 55,145 | 32,640 | 14,765 | 254,635 | 1 | 1 | 1,545,776 | 1,656,677 | 0 | 0 | 0 | 0 | 0 | 0 |
| total shareholders funds | 55,145 | 32,640 | 14,765 | 254,635 | 1 | 1 | 1,545,776 | 1,656,677 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -62,227 | 260,873 | ||||||||||||
| Depreciation | 48,507 | 59,240 | 5,641 | 0 | 0 | 0 | 66,602 | 0 | ||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Tax | 0 | -63,917 | -64,394 | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -464,632 | 803,699 | 897,187 | 260,965 | 0 | -2,146,510 | -521,894 | 2,668,404 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | 1,263 | -136,886 | 201,278 | 0 | 0 | -81,041 | -144,842 | 225,883 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 165,130 | 877,130 | 52,254 | 4,769 | 0 | -2,892,086 | -1,027,703 | 3,919,891 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -6,379 | -5,704 | 12,757 | 0 | 0 | -23,447 | 0 | 23,447 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -710,193 | 1,697,296 | ||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | -13,619 | 43,836 | ||||||||||||
| Change in Investments | 0 | 0 | 0 | 102 | 2 | 16,834 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -13,619 | 43,836 | ||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -744,477 | -561,704 | 959,199 | 330,248 | 2 | 16,732 | 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 | 0 |
| Long term loans | 60,450 | 280,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | -51,405 | 51,405 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 15,243 | 17,775 | |||||||||||
| cash flow from financing | -1,529,043 | 15,243 | 1,460,198 | |||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 16,744 | -327,606 | 22,457 | 328,584 | 0 | -2,316,015 | -699,464 | 3,015,480 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 16,744 | -327,606 | 22,457 | 328,584 | 0 | -2,316,015 | -699,464 | 3,015,480 | 0 | 0 | 0 | 0 | 0 | 0 |
qubic associate group limited Credit Report and Business Information
Qubic Associate Group Limited Competitor Analysis
Perform a competitor analysis for qubic associate group limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
qubic associate group limited Ownership
QUBIC ASSOCIATE GROUP LIMITED group structure
Qubic Associate Group Limited has 9 subsidiary companies.
Ultimate parent company
QUBIC ASSOCIATE GROUP LIMITED
06871396
9 subsidiaries
qubic associate group limited directors
Qubic Associate Group Limited currently has 1 director, Mr David Graham serving since Jun 2009.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Graham | United Kingdom | 46 years | Jun 2009 | - | Director |
P&L
September 2022turnover
246k
-23%
operating profit
52.7k
0%
gross margin
32.9%
+4.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
55.1k
+0.69%
total assets
1.6m
-0.24%
cash
40.2k
+0.71%
net assets
Total assets minus all liabilities
Similar Companies
qubic associate group limited company details
company number
06871396
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
April 2009
age
15
accounts
Total Exemption Full
ultimate parent company
previous names
qubic associates ltd (July 2016)
qubic tax ltd (September 2011)
incorporated
UK
address
2 st. james gate, newcastle upon tyne, NE1 4AD
last accounts submitted
September 2022
qubic associate group limited 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 did not find charges/mortgages relating to qubic associate group limited.
qubic associate group limited Companies House Filings - See Documents
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