qubic associate group limited
qubic associate group limited Company Information
Group Structure
View All
Industry
Activities of head offices
Registered Address
2 st. james gate, newcastle upon tyne, NE1 4AD
Website
www.qubictax.comqubic associate group limited Estimated Valuation
Pomanda estimates the enterprise value of QUBIC ASSOCIATE GROUP LIMITED at £1.4m based on a Turnover of £3.4m and 0.42x 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 £201k based on an EBITDA of £60.4k and a 3.33x 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 £151k based on Net Assets of £71.7k and 2.11x 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 qubic trustees ltd with a 100% stake. Qubic Associate Group Limited is a established, small sized company, Pomanda has estimated its turnover at £3.4m with rapid 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 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £3.4m, make it smaller than the average company (£19.7m)
- Qubic Associate Group Limited
£19.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 128%, show it is growing at a faster rate (5.8%)
- Qubic Associate Group Limited
5.8% - Industry AVG
Production
with a gross margin of 18.5%, this company has a higher cost of product (33.1%)
- Qubic Associate Group Limited
33.1% - Industry AVG
Profitability
an operating margin of 1.8% make it less profitable than the average company (5.8%)
- Qubic Associate Group Limited
5.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (110)
1 - Qubic Associate Group Limited
110 - Industry AVG
Pay Structure
on an average salary of £47.4k, the company has an equivalent pay structure (£47.4k)
- Qubic Associate Group Limited
£47.4k - Industry AVG
Efficiency
resulting in sales per employee of £3.4m, this is more efficient (£196.6k)
- Qubic Associate Group Limited
£196.6k - Industry AVG
Debtor Days
it gets paid by customers after 136 days, this is later than average (45 days)
- Qubic Associate Group Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 124 days, this is slower than average (43 days)
- Qubic Associate Group Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Qubic Associate Group Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Qubic Associate Group Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.7%, this is a higher level of debt than the average (55.8%)
94.7% - Qubic Associate Group Limited
55.8% - Industry AVG
QUBIC ASSOCIATE GROUP LIMITED financials
Qubic Associate Group Limited's latest turnover from September 2023 is estimated at £3.4 million and the company has net assets of £71.7 thousand. According to their latest financial statements, Qubic Associate Group Limited 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 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 8,148,231 | 11,031,755 | |||||||||||||
| Other Income Or Grants | |||||||||||||||
| 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 | |||||||||||||||
| Interest Receivable | 15,243 | 17,775 | |||||||||||||
| Pre-Tax Profit | -46,984 | 278,648 | |||||||||||||
| Tax | -63,917 | -64,394 | |||||||||||||
| Profit After Tax | -110,901 | 214,254 | |||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | -110,901 | 214,254 | |||||||||||||
| Employee Costs | 2,575,794 | 2,455,465 | |||||||||||||
| Number Of Employees | 1 | 1 | 2 | 3 | 3 | 31 | 28 | ||||||||
| EBITDA* | 4,375 | 260,873 |
* 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 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 28,978 | 23,910 | 60,592 | 117,379 | 79,926 | 142,014 | |||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 16,938 | 16,938 | 16,938 | 16,836 | 16,834 | ||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 28,978 | 23,910 | 77,530 | 134,317 | 16,938 | 16,836 | 16,834 | 79,926 | 142,014 | ||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 1,282,919 | 1,098,097 | 144 | 1,279,321 | 864,993 | ||||||||||
| Group Debtors | 325,589 | 263,350 | |||||||||||||
| Misc Debtors | 52,577 | 439,302 | 1,961,851 | 1,158,008 | 260,965 | 541,600 | 1,540,061 | ||||||||
| Cash | 23,436 | 351,042 | 328,585 | 1 | 1 | 2,316,016 | 3,015,480 | ||||||||
| misc current assets | |||||||||||||||
| total current assets | 1,335,496 | 1,537,399 | 1,985,287 | 1,509,194 | 589,550 | 1 | 1 | 4,462,526 | 5,683,884 | ||||||
| total assets | 1,364,474 | 1,561,309 | 2,062,817 | 1,643,511 | 606,488 | 16,837 | 16,835 | 4,542,452 | 5,825,898 | ||||||
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 952,313 | 1,165,714 | 64,392 | 201,278 | 81,041 | 225,883 | |||||||||
| Group/Directors Accounts | 744,477 | 1,306,181 | 346,982 | 16,734 | 16,732 | ||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 1,356 | ||||||||||||||
| other current liabilities | 934,255 | 57,125 | 4,871 | 102 | 102 | 2,892,188 | 3,919,891 | ||||||||
| total current liabilities | 952,313 | 1,165,714 | 1,743,124 | 1,565,940 | 351,853 | 16,836 | 16,834 | 2,973,229 | 4,145,774 | ||||||
| loans | 340,450 | 340,450 | 280,000 | ||||||||||||
| hp & lease commitments | 50,049 | ||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 7,053 | 12,757 | 23,447 | 23,447 | |||||||||||
| total long term liabilities | 340,450 | 340,450 | 287,053 | 62,806 | 23,447 | 23,447 | |||||||||
| total liabilities | 1,292,763 | 1,506,164 | 2,030,177 | 1,628,746 | 351,853 | 16,836 | 16,834 | 2,996,676 | 4,169,221 | ||||||
| net assets | 71,711 | 55,145 | 32,640 | 14,765 | 254,635 | 1 | 1 | 1,545,776 | 1,656,677 | ||||||
| total shareholders funds | 71,711 | 55,145 | 32,640 | 14,765 | 254,635 | 1 | 1 | 1,545,776 | 1,656,677 |
| Sep 2023 | 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 | 66,602 | |||||||||||
| Amortisation | |||||||||||||||
| Tax | -63,917 | -64,394 | |||||||||||||
| Stock | |||||||||||||||
| Debtors | -201,903 | -424,452 | 803,699 | 897,187 | 260,965 | -2,146,510 | -521,894 | 2,668,404 | |||||||
| Creditors | -213,401 | 1,101,322 | -136,886 | 201,278 | -81,041 | -144,842 | 225,883 | ||||||||
| Accruals and Deferred Income | -934,255 | 877,130 | 52,254 | 4,769 | -2,892,086 | -1,027,703 | 3,919,891 | ||||||||
| Deferred Taxes & Provisions | -7,053 | -5,704 | 12,757 | -23,447 | 23,447 | ||||||||||
| Cash flow from operations | -710,193 | 1,697,296 | |||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | -13,619 | 43,836 | |||||||||||||
| Change in Investments | -16,938 | 102 | 2 | 16,834 | |||||||||||
| cash flow from investments | -13,619 | 43,836 | |||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -744,477 | -561,704 | 959,199 | 330,248 | 2 | 16,732 | |||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | 60,450 | 280,000 | |||||||||||||
| Hire Purchase and Lease Commitments | -51,405 | 51,405 | |||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 15,243 | 17,775 | |||||||||||||
| cash flow from financing | -1,529,043 | 15,243 | 1,460,198 | ||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -23,436 | -327,606 | 22,457 | 328,584 | -2,316,015 | -699,464 | 3,015,480 | ||||||||
| overdraft | |||||||||||||||
| change in cash | -23,436 | -327,606 | 22,457 | 328,584 | -2,316,015 | -699,464 | 3,015,480 |
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, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in NE1 area or any other competitors across 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 2023turnover
3.4m
+10%
operating profit
60.4k
0%
gross margin
18.6%
-2.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
71.7k
+0.3%
total assets
1.4m
-0.13%
cash
0
0%
net assets
Total assets minus all liabilities
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
16
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
September 2023
previous names
qubic associates ltd (July 2016)
qubic tax ltd (September 2011)
accountant
-
auditor
-
address
2 st. james gate, newcastle upon tyne, NE1 4AD
Bank
-
Legal Advisor
-
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 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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qubic associate group limited Companies House Filings - See Documents
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