qtech (uk) limited
qtech (uk) limited Company Information
Company Number
08765002
Website
www.qtechcontrol.comRegistered Address
18 the broadway, eastlane, wembley, middlesex, HA9 8JU
Industry
Computer consultancy activities
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Directors
Kumar Varsani9 Years
Shareholders
manubhai varsani 50%
kumar varsani 50%
qtech (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of QTECH (UK) LIMITED at £236.2k based on a Turnover of £451.4k and 0.52x industry multiple (adjusted for size and gross margin).
qtech (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of QTECH (UK) LIMITED at £4.1k based on an EBITDA of £1.1k and a 3.76x industry multiple (adjusted for size and gross margin).
qtech (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of QTECH (UK) LIMITED at £555.7k based on Net Assets of £247k and 2.25x industry multiple (adjusted for liquidity).
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Qtech (uk) Limited Overview
Qtech (uk) Limited is a live company located in wembley, HA9 8JU with a Companies House number of 08765002. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in November 2013, it's largest shareholder is manubhai varsani with a 50% stake. Qtech (uk) Limited is a established, micro sized company, Pomanda has estimated its turnover at £451.4k with declining growth in recent years.
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Qtech (uk) Limited Health Check
Pomanda's financial health check has awarded Qtech (Uk) Limited a 3.5 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
2 Regular
6 Weak
Size
annual sales of £451.4k, make it smaller than the average company (£850.5k)
- Qtech (uk) Limited
£850.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (4.7%)
- Qtech (uk) Limited
4.7% - Industry AVG
Production
with a gross margin of 25.3%, this company has a higher cost of product (47.4%)
- Qtech (uk) Limited
47.4% - Industry AVG
Profitability
an operating margin of 0.2% make it less profitable than the average company (7.7%)
- Qtech (uk) Limited
7.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (9)
2 - Qtech (uk) Limited
9 - Industry AVG
Pay Structure
on an average salary of £53.1k, the company has an equivalent pay structure (£53.1k)
- Qtech (uk) Limited
£53.1k - Industry AVG
Efficiency
resulting in sales per employee of £225.7k, this is more efficient (£123.7k)
- Qtech (uk) Limited
£123.7k - Industry AVG
Debtor Days
it gets paid by customers after 149 days, this is later than average (67 days)
- Qtech (uk) Limited
67 days - Industry AVG
Creditor Days
its suppliers are paid after 319 days, this is slower than average (31 days)
- Qtech (uk) Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Qtech (uk) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 68 weeks, this is more cash available to meet short term requirements (21 weeks)
68 weeks - Qtech (uk) Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 57.2%, this is a similar level of debt than the average (57.4%)
57.2% - Qtech (uk) Limited
57.4% - Industry AVG
QTECH (UK) LIMITED financials
Qtech (Uk) Limited's latest turnover from March 2023 is estimated at £451.4 thousand and the company has net assets of £247 thousand. According to their latest financial statements, Qtech (Uk) Limited has 2 employees and maintains cash reserves of £390.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 806 | 948 | 1,264 | 1,685 | 2,246 | 239 | 319 | 425 | 0 |
| Intangible Assets | 0 | 0 | 0 | 26 | 0 | 33 | 16 | 43 | 30 |
| Investments & Other | 1,337 | 1,337 | 1,337 | 1,337 | 1,337 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,143 | 2,285 | 2,601 | 3,048 | 3,583 | 272 | 335 | 468 | 30 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 184,714 | 165,181 | 259,801 | 355,103 | 239,159 | 224,757 | 450,718 | 99,476 | 209,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 390,213 | 286,084 | 278,623 | 16,652 | 261,172 | 264,907 | 31,242 | 126,840 | 15,399 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 574,927 | 451,265 | 538,424 | 371,755 | 500,331 | 489,664 | 481,960 | 226,316 | 224,399 |
| total assets | 577,070 | 453,550 | 541,025 | 374,803 | 503,914 | 489,936 | 482,295 | 226,784 | 224,429 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 295,082 | 168,963 | 341,031 | 358,571 | 480,380 | 396,619 | 472,912 | 196,265 | 197,498 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 295,082 | 168,963 | 341,031 | 358,571 | 480,380 | 396,619 | 472,912 | 196,265 | 197,498 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 35,000 | 50,000 | 75,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 35,000 | 50,000 | 75,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 330,082 | 218,963 | 416,031 | 358,571 | 480,380 | 396,619 | 472,912 | 196,265 | 197,498 |
| net assets | 246,988 | 234,587 | 124,994 | 16,232 | 23,534 | 93,317 | 9,383 | 30,519 | 26,931 |
| total shareholders funds | 246,988 | 234,587 | 124,994 | 16,232 | 23,534 | 93,317 | 9,383 | 30,519 | 26,931 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 142 | 316 | 421 | 561 | 748 | 80 | 106 | 0 | |
| Amortisation | 0 | 0 | 26 | 26 | 33 | 27 | 27 | 31 | |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 19,533 | -94,620 | -95,302 | 115,944 | 14,402 | -225,961 | 351,242 | -109,524 | 209,000 |
| Creditors | 126,119 | -172,068 | -17,540 | -121,809 | 83,761 | -76,293 | 276,647 | -1,233 | 197,498 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 1,337 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -15,000 | -25,000 | 75,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 104,129 | 7,461 | 261,971 | -244,520 | -3,735 | 233,665 | -95,598 | 111,441 | 15,399 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 104,129 | 7,461 | 261,971 | -244,520 | -3,735 | 233,665 | -95,598 | 111,441 | 15,399 |
qtech (uk) limited Credit Report and Business Information
Qtech (uk) Limited Competitor Analysis
Perform a competitor analysis for qtech (uk) limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in HA9 area or any other competitors across 12 key performance metrics.
qtech (uk) limited Ownership
QTECH (UK) LIMITED group structure
Qtech (Uk) Limited has no subsidiary companies.
Ultimate parent company
QTECH (UK) LIMITED
08765002
qtech (uk) limited directors
Qtech (Uk) Limited currently has 1 director, Mr Kumar Varsani serving since Oct 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kumar Varsani | 39 years | Oct 2014 | - | Director |
P&L
March 2023turnover
451.4k
+28%
operating profit
938.6
0%
gross margin
25.3%
-2.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
247k
+0.05%
total assets
577.1k
+0.27%
cash
390.2k
+0.36%
net assets
Total assets minus all liabilities
qtech (uk) limited company details
company number
08765002
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
November 2013
age
11
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
18 the broadway, eastlane, wembley, middlesex, HA9 8JU
Bank
-
Legal Advisor
-
qtech (uk) 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 qtech (uk) limited.
qtech (uk) limited Companies House Filings - See Documents
| date | description | view/download |
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