qmee ltd
qmee ltd Company Information
Company Number
07455925
Next Accounts
Sep 2025
Industry
Other information technology and computer service activities
Shareholders
lightspeed research ltd
Group Structure
View All
Contact
Registered Address
work.life - the white building, 33 kings road, reading, RG1 3AR
Website
www.qmee.comqmee ltd Estimated Valuation
Pomanda estimates the enterprise value of QMEE LTD at £24m based on a Turnover of £24.4m and 0.98x industry multiple (adjusted for size and gross margin).
qmee ltd Estimated Valuation
Pomanda estimates the enterprise value of QMEE LTD at £28.6m based on an EBITDA of £4.1m and a 6.92x industry multiple (adjusted for size and gross margin).
qmee ltd Estimated Valuation
Pomanda estimates the enterprise value of QMEE LTD at £32.8m based on Net Assets of £14.7m and 2.23x industry multiple (adjusted for liquidity).
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Qmee Ltd Overview
Qmee Ltd is a live company located in reading, RG1 3AR with a Companies House number of 07455925. It operates in the other information technology service activities sector, SIC Code 62090. Founded in December 2010, it's largest shareholder is lightspeed research ltd with a 100% stake. Qmee Ltd is a established, large sized company, Pomanda has estimated its turnover at £24.4m with rapid growth in recent years.
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Qmee Ltd Health Check
Pomanda's financial health check has awarded Qmee Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £24.4m, make it larger than the average company (£7.1m)
£24.4m - Qmee Ltd
£7.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (7.5%)
- Qmee Ltd
7.5% - Industry AVG
Production
with a gross margin of 39.6%, this company has a higher cost of product (49.9%)
39.6% - Qmee Ltd
49.9% - Industry AVG
Profitability
an operating margin of 13.4% make it more profitable than the average company (3.4%)
13.4% - Qmee Ltd
3.4% - Industry AVG
Employees
with 44 employees, this is similar to the industry average (45)
44 - Qmee Ltd
45 - Industry AVG
Pay Structure
on an average salary of £70.9k, the company has an equivalent pay structure (£71.6k)
£70.9k - Qmee Ltd
£71.6k - Industry AVG
Efficiency
resulting in sales per employee of £554.7k, this is more efficient (£172.3k)
£554.7k - Qmee Ltd
£172.3k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is later than average (54 days)
66 days - Qmee Ltd
54 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (34 days)
5 days - Qmee Ltd
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Qmee Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (13 weeks)
6 weeks - Qmee Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 35.8%, this is a lower level of debt than the average (64.7%)
35.8% - Qmee Ltd
64.7% - Industry AVG
QMEE LTD financials
Qmee Ltd's latest turnover from December 2023 is £24.4 million and the company has net assets of £14.7 million. According to their latest financial statements, Qmee Ltd has 44 employees and maintains cash reserves of £959 thousand 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 24,406,000 | 25,459,000 | 21,094,000 | ||||||||||
| Other Income Or Grants | 0 | 0 | 0 | ||||||||||
| Cost Of Sales | 14,735,000 | 15,627,000 | 12,625,000 | ||||||||||
| Gross Profit | 9,671,000 | 9,832,000 | 8,469,000 | ||||||||||
| Admin Expenses | 6,396,000 | 4,818,000 | 5,561,000 | ||||||||||
| Operating Profit | 3,275,000 | 5,014,000 | 2,908,000 | ||||||||||
| Interest Payable | 443,000 | 251,000 | 239,000 | ||||||||||
| Interest Receivable | 774,000 | 106,000 | 0 | ||||||||||
| Pre-Tax Profit | 3,606,000 | 4,869,000 | 2,669,000 | ||||||||||
| Tax | -928,000 | -994,000 | -273,000 | ||||||||||
| Profit After Tax | 2,678,000 | 3,875,000 | 2,396,000 | ||||||||||
| Dividends Paid | 0 | 0 | 0 | ||||||||||
| Retained Profit | 2,678,000 | 3,875,000 | 2,396,000 | ||||||||||
| Employee Costs | 3,121,000 | 2,751,000 | 2,611,000 | ||||||||||
| Number Of Employees | 44 | 39 | 28 | 21 | 14 | 10 | 9 | 9 | |||||
| EBITDA* | 4,127,000 | 5,623,000 | 3,307,000 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 10,000 | 24,000 | 27,000 | 19,136 | 8,171 | 4,850 | 7,689 | 12,022 | 2,468 | 2,664 | 3,246 | 2,368 | 1,159 |
| Intangible Assets | 2,810,000 | 2,044,000 | 1,412,000 | 1,220,619 | 881,377 | 578,182 | 534,918 | 536,704 | 498,977 | 482,258 | 466,521 | 442,820 | 240,341 |
| Investments & Other | 8,424,000 | 5,877,000 | 0 | 34 | 34 | 34 | 34 | 34 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 11,244,000 | 7,945,000 | 1,439,000 | 1,239,789 | 889,582 | 583,066 | 542,641 | 548,760 | 501,445 | 484,922 | 469,767 | 445,188 | 241,500 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 4,435,000 | 5,056,000 | 2,856,000 | 2,192,942 | 1,012,062 | 535,581 | 160,584 | 84,781 | 40,842 | 87,899 | 24,049 | 9,595 | 29,891 |
| Group Debtors | 3,231,000 | 53,000 | 96,000 | 188,448 | 187,262 | 187,672 | 171,500 | 131,714 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,988,000 | 2,759,000 | 2,433,000 | 1,659,287 | 1,181,393 | 700,036 | 258,722 | 184,183 | 132,608 | 0 | 0 | 0 | 0 |
| Cash | 959,000 | 1,332,000 | 4,467,000 | 1,754,106 | 707,861 | 194,920 | 68,549 | 298,874 | 1,098,250 | 344,774 | 160,250 | 467,916 | 314,906 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 11,613,000 | 9,200,000 | 9,852,000 | 5,794,783 | 3,088,578 | 1,618,209 | 659,355 | 699,552 | 1,271,700 | 432,673 | 184,299 | 477,511 | 344,797 |
| total assets | 22,857,000 | 17,145,000 | 11,291,000 | 7,034,572 | 3,978,160 | 2,201,275 | 1,201,996 | 1,248,312 | 1,773,145 | 917,595 | 654,066 | 922,699 | 586,297 |
| Bank overdraft | 2,337,000 | 3,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 220,000 | 290,000 | 725,000 | 1,503,245 | 1,107,171 | 551,413 | 298,639 | 205,427 | 190,936 | 93,586 | 59,505 | 112,722 | 27,872 |
| Group/Directors Accounts | 2,213,000 | 1,129,000 | 1,020,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 949,000 | 5,000 | 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 |
| other current liabilities | 3,373,000 | 2,495,000 | 1,161,000 | 207,607 | 74,306 | 35,269 | 19,384 | 14,847 | 10,439 | 0 | 0 | 0 | 0 |
| total current liabilities | 8,143,000 | 4,866,000 | 3,411,000 | 1,710,852 | 1,181,477 | 586,682 | 318,023 | 220,274 | 201,375 | 93,586 | 59,505 | 112,722 | 27,872 |
| loans | 0 | 0 | 0 | 500,000 | 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 |
| Accruals and Deferred Income | 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 |
| provisions | 37,000 | 280,000 | 360,000 | 233,892 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 37,000 | 280,000 | 360,000 | 733,892 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 8,180,000 | 5,146,000 | 3,771,000 | 2,444,744 | 1,181,477 | 586,682 | 318,023 | 220,274 | 201,375 | 93,586 | 59,505 | 112,722 | 27,872 |
| net assets | 14,677,000 | 11,999,000 | 7,520,000 | 4,589,828 | 2,796,683 | 1,614,593 | 883,973 | 1,028,038 | 1,571,770 | 824,009 | 594,561 | 809,977 | 558,425 |
| total shareholders funds | 14,677,000 | 11,999,000 | 7,520,000 | 4,589,828 | 2,796,683 | 1,614,593 | 883,973 | 1,028,038 | 1,571,770 | 824,009 | 594,561 | 809,977 | 558,425 |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 3,275,000 | 5,014,000 | 2,908,000 | ||||||||||
| Depreciation | 14,000 | 18,000 | 12,000 | 6,768 | 5,334 | 5,238 | 4,443 | 2,260 | 1,898 | 1,820 | 1,753 | 869 | 579 |
| Amortisation | 838,000 | 591,000 | 387,000 | 357,763 | 235,795 | 187,682 | 239,827 | 191,153 | 151,785 | 120,189 | 96,035 | 0 | 0 |
| Tax | -928,000 | -994,000 | -273,000 | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,786,000 | 2,483,000 | 1,344,323 | 1,659,960 | 957,428 | 832,483 | 190,128 | 227,228 | 85,551 | 63,850 | 14,454 | -20,296 | 29,891 |
| Creditors | -70,000 | -435,000 | -778,245 | 396,074 | 555,758 | 252,774 | 93,212 | 14,491 | 97,350 | 34,081 | -53,217 | 84,850 | 27,872 |
| Accruals and Deferred Income | 878,000 | 1,334,000 | 953,393 | 133,301 | 39,037 | 15,885 | 4,537 | 4,408 | 10,439 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -243,000 | -80,000 | 126,108 | 233,892 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 978,000 | 2,965,000 | 1,990,933 | ||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | 0 | ||||||||||||
| Change in Investments | 2,547,000 | 5,877,000 | -34 | 0 | 0 | 0 | 0 | 34 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 34 | ||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | -500,000 | 500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,084,000 | 109,000 | 1,020,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -949,000 | 944,000 | 5,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -500,000 | 500,000 | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | 331,000 | -145,000 | -239,000 | ||||||||||
| cash flow from financing | 466,000 | 1,012,000 | 1,320,172 | ||||||||||
| cash and cash equivalents | |||||||||||||
| cash | -373,000 | -3,135,000 | 2,712,894 | 1,046,245 | 512,941 | 126,371 | -230,325 | -799,376 | 753,476 | 184,524 | -307,666 | 153,010 | 314,906 |
| overdraft | 2,334,000 | 3,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,707,000 | -3,138,000 | 2,712,894 | 1,046,245 | 512,941 | 126,371 | -230,325 | -799,376 | 753,476 | 184,524 | -307,666 | 153,010 | 314,906 |
qmee ltd Credit Report and Business Information
Qmee Ltd Competitor Analysis
Perform a competitor analysis for qmee ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in RG1 area or any other competitors across 12 key performance metrics.
qmee ltd Ownership
QMEE LTD group structure
Qmee Ltd has no subsidiary companies.
qmee ltd directors
Qmee Ltd currently has 2 directors. The longest serving directors include Ms Alison Metcalfe (Jul 2024) and Mr James Lavell (Oct 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Alison Metcalfe | England | 44 years | Jul 2024 | - | Director |
| Mr James Lavell | England | 37 years | Oct 2024 | - | Director |
P&L
December 2023turnover
24.4m
-4%
operating profit
3.3m
-35%
gross margin
39.7%
+2.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
14.7m
+0.22%
total assets
22.9m
+0.33%
cash
959k
-0.28%
net assets
Total assets minus all liabilities
qmee ltd company details
company number
07455925
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
December 2010
age
14
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
ajitate limited (January 2012)
n s digital limited (December 2010)
accountant
-
auditor
DELOITTE LLP
address
work.life - the white building, 33 kings road, reading, RG1 3AR
Bank
HSBC BANK PLC
Legal Advisor
-
qmee ltd 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 qmee ltd. Currently there are 2 open charges and 1 have been satisfied in the past.
qmee ltd Companies House Filings - See Documents
| date | description | view/download |
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