q squared solutions holdings limited
q squared solutions holdings limited Company Information
Company Number
09636793
Website
https://www.iqvia.comRegistered Address
3 forbury place, 23 forbury road, reading, RG1 3JH
Industry
Other human health activities
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
iqvia ltd 60%
iqvia biotech ltd 40%
q squared solutions holdings limited Estimated Valuation
Pomanda estimates the enterprise value of Q SQUARED SOLUTIONS HOLDINGS LIMITED at £0 based on a Turnover of £0 and 0.47x industry multiple (adjusted for size and gross margin).
q squared solutions holdings limited Estimated Valuation
Pomanda estimates the enterprise value of Q SQUARED SOLUTIONS HOLDINGS LIMITED at £0 based on an EBITDA of £-3k and a 4.3x industry multiple (adjusted for size and gross margin).
q squared solutions holdings limited Estimated Valuation
Pomanda estimates the enterprise value of Q SQUARED SOLUTIONS HOLDINGS LIMITED at £522.3m based on Net Assets of £224.9m and 2.32x industry multiple (adjusted for liquidity).
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Q Squared Solutions Holdings Limited Overview
Q Squared Solutions Holdings Limited is a live company located in reading, RG1 3JH with a Companies House number of 09636793. It operates in the other human health activities sector, SIC Code 86900. Founded in June 2015, it's largest shareholder is iqvia ltd with a 60% stake. Q Squared Solutions Holdings Limited is a young, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Q Squared Solutions Holdings Limited Health Check
Pomanda's financial health check has awarded Q Squared Solutions Holdings Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 2 areas for improvement. Company Health Check FAQs
1 Strong
0 Regular
2 Weak
Size
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Employees
with 1 employees, this is below the industry average (20)
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- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Cash Balance
has cash to cover current liabilities for 59 weeks, this is less cash available to meet short term requirements (109 weeks)
- - Q Squared Solutions Holdings Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1.2%, this is a lower level of debt than the average (26.1%)
- - Q Squared Solutions Holdings Limited
- - Industry AVG
Q SQUARED SOLUTIONS HOLDINGS LIMITED financials
Q Squared Solutions Holdings Limited's latest turnover from December 2022 is 0 and the company has net assets of £224.9 million. According to their latest financial statements, we estimate that Q Squared Solutions Holdings Limited has 1 employee and maintains cash reserves of £3.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income Or Grants | 0 | |||||||
| Cost Of Sales | 0 | |||||||
| Gross Profit | 0 | |||||||
| Admin Expenses | -69,000 | |||||||
| Operating Profit | -3,000 | -6,000 | -34,000 | 104,000 | -143,000 | -4,406,000 | -26,067,000 | 69,000 |
| Interest Payable | 255,000 | 188,000 | 67,000 | 1,000 | 0 | 0 | 0 | 0 |
| Interest Receivable | 94,000 | 2,000 | 0 | 0 | 34,000 | 27,000 | 53,000 | 24,000 |
| Pre-Tax Profit | 24,240,000 | 19,033,000 | -101,000 | 3,303,000 | 36,891,000 | -4,379,000 | -19,014,000 | 13,093,000 |
| Tax | 0 | -4,000 | 0 | -35,000 | -29,000 | 0 | -82,000 | -19,000 |
| Profit After Tax | 24,240,000 | 19,029,000 | -101,000 | 3,268,000 | 36,862,000 | -4,379,000 | -19,096,000 | 13,074,000 |
| Dividends Paid | 21,471,000 | 15,865,000 | 0 | 6,200,000 | 52,400,000 | 0 | 0 | 0 |
| Retained Profit | 2,769,000 | 3,164,000 | -101,000 | -2,932,000 | -15,538,000 | -4,379,000 | -19,096,000 | 13,074,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | ||||||||
| EBITDA* | -3,000 | -6,000 | -34,000 | 104,000 | -143,000 | -4,406,000 | -26,067,000 | 69,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 219,449,000 | 219,449,000 | 219,449,000 | 219,449,000 | 219,449,000 | 221,627,000 | 223,088,000 | 249,494,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 219,449,000 | 219,449,000 | 219,449,000 | 219,449,000 | 219,449,000 | 221,627,000 | 223,088,000 | 249,494,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 5,083,000 | 3,856,000 | 1,754,000 | 1,755,000 | 2,486,000 | 13,521,000 | 5,464,000 | 839,000 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 3,191,000 | 148,000 | 437,000 | 474,000 | 2,776,000 | 8,688,000 | 15,300,000 | 13,292,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,274,000 | 4,004,000 | 2,191,000 | 2,229,000 | 5,262,000 | 22,209,000 | 20,764,000 | 14,131,000 |
| total assets | 227,723,000 | 223,453,000 | 221,640,000 | 221,678,000 | 224,711,000 | 243,836,000 | 243,852,000 | 263,625,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 2,795,000 | 1,294,000 | 2,627,000 | 2,562,000 | 2,656,000 | 5,222,000 | 1,136,000 | 2,568,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 19,000 | 20,000 | 26,000 | 1,051,000 | 774,000 | 19,000 |
| total current liabilities | 2,795,000 | 1,294,000 | 2,646,000 | 2,582,000 | 2,682,000 | 6,273,000 | 1,910,000 | 2,587,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,795,000 | 1,294,000 | 2,646,000 | 2,582,000 | 2,682,000 | 6,273,000 | 1,910,000 | 2,587,000 |
| net assets | 224,928,000 | 222,159,000 | 218,994,000 | 219,096,000 | 222,029,000 | 237,563,000 | 241,942,000 | 261,038,000 |
| total shareholders funds | 224,928,000 | 222,159,000 | 218,994,000 | 219,096,000 | 222,029,000 | 237,563,000 | 241,942,000 | 261,038,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -3,000 | -6,000 | -34,000 | 104,000 | -143,000 | -4,406,000 | -26,067,000 | 69,000 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | -4,000 | 0 | -35,000 | -29,000 | 0 | -82,000 | -19,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,227,000 | 2,102,000 | -1,000 | -731,000 | -11,035,000 | 8,057,000 | 4,625,000 | 839,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | -19,000 | -1,000 | -6,000 | -1,025,000 | 277,000 | 755,000 | 19,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -1,230,000 | -2,131,000 | -34,000 | 794,000 | 9,838,000 | -12,186,000 | -30,019,000 | -770,000 |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | -2,178,000 | -1,461,000 | -26,406,000 | 249,494,000 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,501,000 | -1,333,000 | 65,000 | -94,000 | -2,566,000 | 4,086,000 | -1,432,000 | 2,568,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -161,000 | -186,000 | -67,000 | -1,000 | 34,000 | 27,000 | 53,000 | 24,000 |
| cash flow from financing | 1,340,000 | -1,518,000 | -3,000 | -96,000 | -2,528,000 | 4,113,000 | -1,379,000 | 250,556,000 |
| cash and cash equivalents | ||||||||
| cash | 3,043,000 | -289,000 | -37,000 | -2,302,000 | -5,912,000 | -6,612,000 | 2,008,000 | 13,292,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 3,043,000 | -289,000 | -37,000 | -2,302,000 | -5,912,000 | -6,612,000 | 2,008,000 | 13,292,000 |
q squared solutions holdings limited Credit Report and Business Information
Q Squared Solutions Holdings Limited Competitor Analysis
Perform a competitor analysis for q squared solutions holdings limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
q squared solutions holdings limited Ownership
Q SQUARED SOLUTIONS HOLDINGS LIMITED group structure
Q Squared Solutions Holdings Limited has 3 subsidiary companies.
Ultimate parent company
IQVIA HOLDINGS INC
#0013898
2 parents
Q SQUARED SOLUTIONS HOLDINGS LIMITED
09636793
3 subsidiaries
q squared solutions holdings limited directors
Q Squared Solutions Holdings Limited currently has 3 directors. The longest serving directors include Mr Kevin Turland (Aug 2022) and Mr Simon Thornley (Aug 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kevin Turland | United Kingdom | 55 years | Aug 2022 | - | Director |
| Mr Simon Thornley | United Kingdom | 52 years | Aug 2022 | - | Director |
| Mr Tony Brown | United Kingdom | 61 years | Aug 2022 | - | Director |
P&L
December 2022turnover
0
0%
operating profit
-3k
-50%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
224.9m
+0.01%
total assets
227.7m
+0.02%
cash
3.2m
+20.56%
net assets
Total assets minus all liabilities
q squared solutions holdings limited company details
company number
09636793
Type
Private limited with Share Capital
industry
86900 - Other human health activities
incorporation date
June 2015
age
9
accounts
Full Accounts
ultimate parent company
previous names
clinical lab jv limited (July 2015)
incorporated
UK
address
3 forbury place, 23 forbury road, reading, RG1 3JH
last accounts submitted
December 2022
q squared solutions holdings 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 q squared solutions holdings limited.
q squared solutions holdings limited Companies House Filings - See Documents
| date | description | view/download |
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