qbs technology group limited
qbs technology group limited Company Information
Company Number
09959968
Next Accounts
1 days late
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Shareholders
sc16 limited
Group Structure
View All
Contact
Registered Address
queen's court wilmslow road, alderley edge, SK9 7RR
Website
www.gnr.co.ukqbs technology group limited Estimated Valuation
Pomanda estimates the enterprise value of QBS TECHNOLOGY GROUP LIMITED at £249.9m based on a Turnover of £167.6m and 1.49x industry multiple (adjusted for size and gross margin).
qbs technology group limited Estimated Valuation
Pomanda estimates the enterprise value of QBS TECHNOLOGY GROUP LIMITED at £39.9m based on an EBITDA of £6.3m and a 6.36x industry multiple (adjusted for size and gross margin).
qbs technology group limited Estimated Valuation
Pomanda estimates the enterprise value of QBS TECHNOLOGY GROUP LIMITED at £7.4m based on Net Assets of £5.9m and 1.26x industry multiple (adjusted for liquidity).
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Qbs Technology Group Limited Overview
Qbs Technology Group Limited is a live company located in alderley edge, SK9 7RR with a Companies House number of 09959968. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in January 2016, it's largest shareholder is sc16 limited with a 100% stake. Qbs Technology Group Limited is a young, mega sized company, Pomanda has estimated its turnover at £167.6m with high growth in recent years.
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Qbs Technology Group Limited Health Check
Pomanda's financial health check has awarded Qbs Technology Group Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
6 Weak
Size
annual sales of £167.6m, make it larger than the average company (£18.1m)
£167.6m - Qbs Technology Group Limited
£18.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (7.2%)
30% - Qbs Technology Group Limited
7.2% - Industry AVG
Production
with a gross margin of 8.4%, this company has a higher cost of product (35.3%)
8.4% - Qbs Technology Group Limited
35.3% - Industry AVG
Profitability
an operating margin of 2.9% make it less profitable than the average company (5%)
2.9% - Qbs Technology Group Limited
5% - Industry AVG
Employees
with 131 employees, this is above the industry average (104)
131 - Qbs Technology Group Limited
104 - Industry AVG
Pay Structure
on an average salary of £55.1k, the company has a higher pay structure (£41.7k)
£55.1k - Qbs Technology Group Limited
£41.7k - Industry AVG
Efficiency
resulting in sales per employee of £1.3m, this is more efficient (£179.7k)
£1.3m - Qbs Technology Group Limited
£179.7k - Industry AVG
Debtor Days
it gets paid by customers after 72 days, this is later than average (46 days)
72 days - Qbs Technology Group Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 71 days, this is slower than average (46 days)
71 days - Qbs Technology Group Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (37 days)
0 days - Qbs Technology Group Limited
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (15 weeks)
11 weeks - Qbs Technology Group Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.8%, this is a higher level of debt than the average (69%)
88.8% - Qbs Technology Group Limited
69% - Industry AVG
QBS TECHNOLOGY GROUP LIMITED financials
Qbs Technology Group Limited's latest turnover from March 2023 is £167.6 million and the company has net assets of £5.9 million. According to their latest financial statements, Qbs Technology Group Limited has 131 employees and maintains cash reserves of £10 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 167,622,000 | 142,149,000 | 109,021,000 | 76,924,631 | 64,112,815 | 10,857,081 | 6,384,323 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 153,513,000 | 129,979,000 | 98,216,000 | 69,721,034 | 58,523,908 | 9,819,775 | 4,361,590 | 0 |
| Gross Profit | 14,109,000 | 12,170,000 | 10,805,000 | 7,203,597 | 5,588,907 | 1,037,306 | 2,022,733 | 0 |
| Admin Expenses | 9,230,000 | 8,449,000 | 6,753,000 | 5,397,229 | 4,258,320 | 790,204 | 1,015,468 | 0 |
| Operating Profit | 4,879,000 | 3,721,000 | 4,052,000 | 1,806,368 | 1,330,587 | 247,102 | 1,007,265 | 0 |
| Interest Payable | 177,000 | 126,000 | 120,000 | 144,191 | 132,927 | 21,624 | 5,625 | 0 |
| Interest Receivable | 0 | 1,000 | 0 | 369 | 151 | 1,138 | 0 | 0 |
| Pre-Tax Profit | 3,306,000 | 2,201,000 | 2,867,000 | 1,662,546 | 1,197,811 | 226,616 | 1,001,640 | 0 |
| Tax | -956,000 | -678,000 | -855,000 | -452,928 | -179,460 | -36,889 | -172,020 | 0 |
| Profit After Tax | 2,350,000 | 1,523,000 | 2,012,000 | 1,209,618 | 1,018,351 | 189,727 | 829,620 | 0 |
| Dividends Paid | 2,321,000 | 500,000 | 185,000 | 80,000 | 0 | 0 | 0 | 0 |
| Retained Profit | 29,000 | 1,023,000 | 1,821,000 | 1,097,404 | 1,013,666 | 189,727 | 829,620 | 0 |
| Employee Costs | 7,218,000 | 6,664,000 | 5,694,000 | 3,223,711 | 2,609,294 | 2,012,508 | 544,756 | 0 |
| Number Of Employees | 131 | 130 | 117 | 79 | 62 | 59 | 25 | |
| EBITDA* | 6,275,000 | 5,116,000 | 5,116,000 | 2,353,435 | 1,747,380 | 247,102 | 1,007,265 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 198,000 | 110,000 | 106,000 | 141,780 | 86,155 | 30,686 | 0 | 0 |
| Intangible Assets | 8,238,000 | 9,546,000 | 10,838,000 | 4,574,818 | 4,453,154 | 3,610,269 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 152 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 8,436,000 | 9,656,000 | 10,944,000 | 4,716,598 | 4,539,461 | 3,640,955 | 0 | 0 |
| Stock & work in progress | 292,000 | 686,000 | 258,000 | 223,209 | 1,247,002 | 318,314 | 551,701 | 0 |
| Trade Debtors | 33,107,000 | 30,707,000 | 22,659,000 | 18,030,534 | 16,242,031 | 9,239,903 | 1,415,995 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 681,000 | 974,000 | 964,000 | 1,743,381 | 941,853 | 295,657 | 30,291 | 0 |
| Cash | 10,001,000 | 6,021,000 | 4,400,000 | 2,206,446 | 1,580,229 | 1,016,511 | 75,852 | 100 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 44,081,000 | 38,388,000 | 28,281,000 | 22,203,570 | 20,011,115 | 10,870,385 | 2,073,839 | 100 |
| total assets | 52,517,000 | 48,044,000 | 39,225,000 | 26,920,168 | 24,550,576 | 14,511,340 | 2,073,839 | 100 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 30,185,000 | 30,300,000 | 19,827,000 | 13,879,234 | 13,282,438 | 6,074,520 | 506,976 | 0 |
| Group/Directors Accounts | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 9,174,000 | 4,947,000 | 7,044,000 | 4,758,014 | 6,094,755 | 4,275,030 | 159,245 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 7,231,000 | 7,015,000 | 7,528,000 | 5,071,596 | 3,123,322 | 3,136,992 | 577,898 | 0 |
| total current liabilities | 46,600,000 | 42,262,000 | 34,399,000 | 23,708,844 | 22,500,515 | 13,486,542 | 1,244,119 | 0 |
| 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 | 55,000 | 0 | 0 | 0 | 0 | 0 |
| provisions | 34,000 | 34,000 | 38,000 | 35,945 | 24,961 | 5,351 | 0 | 0 |
| total long term liabilities | 34,000 | 34,000 | 93,000 | 35,945 | 24,961 | 5,351 | 0 | 0 |
| total liabilities | 46,634,000 | 42,296,000 | 34,492,000 | 23,744,789 | 22,525,476 | 13,491,893 | 1,244,119 | 0 |
| net assets | 5,883,000 | 5,748,000 | 4,733,000 | 3,143,317 | 2,025,100 | 1,019,447 | 829,720 | 100 |
| total shareholders funds | 5,883,000 | 5,748,000 | 4,733,000 | 3,143,317 | 2,025,100 | 1,019,447 | 829,720 | 100 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 4,879,000 | 3,721,000 | 4,052,000 | 1,806,368 | 1,330,587 | 247,102 | 1,007,265 | 0 |
| Depreciation | 69,000 | 73,000 | 73,000 | 42,470 | 24,117 | 0 | 0 | 0 |
| Amortisation | 1,327,000 | 1,322,000 | 991,000 | 504,597 | 392,676 | 0 | 0 | 0 |
| Tax | -956,000 | -678,000 | -855,000 | -452,928 | -179,460 | -36,889 | -172,020 | 0 |
| Stock | -394,000 | 428,000 | 34,791 | -1,023,793 | 928,688 | -233,387 | 551,701 | 0 |
| Debtors | 2,107,000 | 8,058,000 | 3,849,085 | 2,590,031 | 7,648,324 | 8,089,274 | 1,446,286 | 0 |
| Creditors | -115,000 | 10,473,000 | 5,947,766 | 596,796 | 7,207,918 | 5,567,544 | 506,976 | 0 |
| Accruals and Deferred Income | 216,000 | -513,000 | 2,456,404 | 1,948,274 | -13,670 | 2,559,094 | 577,898 | 0 |
| Deferred Taxes & Provisions | 0 | -4,000 | 2,055 | 10,984 | 19,610 | 5,351 | 0 | 0 |
| Cash flow from operations | 3,707,000 | 5,908,000 | 8,783,349 | 2,890,323 | 204,766 | 486,315 | -77,868 | 0 |
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -1,791,211 | -3,285,603 | 0 | 0 |
| Change in Investments | 0 | 0 | 0 | -152 | 152 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 152 | -1,791,363 | -3,285,603 | 0 | 0 |
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 4,227,000 | -2,097,000 | 2,285,986 | -1,336,741 | 1,819,725 | 4,115,785 | 159,245 | 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 | -55,000 | 55,000 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -177,000 | -125,000 | -120,000 | -143,822 | -132,776 | -20,486 | -5,625 | 0 |
| cash flow from financing | 4,166,000 | -2,285,000 | 1,989,669 | -1,459,750 | 1,678,936 | 4,095,299 | 153,620 | 100 |
| cash and cash equivalents | ||||||||
| cash | 3,980,000 | 1,621,000 | 2,193,554 | 626,217 | 563,718 | 940,659 | 75,752 | 100 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 3,980,000 | 1,621,000 | 2,193,554 | 626,217 | 563,718 | 940,659 | 75,752 | 100 |
qbs technology group limited Credit Report and Business Information
Qbs Technology Group Limited Competitor Analysis
Perform a competitor analysis for qbs technology group limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in SK9 area or any other competitors across 12 key performance metrics.
qbs technology group limited Ownership
QBS TECHNOLOGY GROUP LIMITED group structure
Qbs Technology Group Limited has 1 subsidiary company.
Ultimate parent company
1 parent
QBS TECHNOLOGY GROUP LIMITED
09959968
1 subsidiary
qbs technology group limited directors
Qbs Technology Group Limited currently has 2 directors. The longest serving directors include Mr Graham Stevinson (May 2017) and Mr Steven Turner (May 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Graham Stevinson | England | 53 years | May 2017 | - | Director |
| Mr Steven Turner | England | 39 years | May 2024 | - | Director |
P&L
March 2023turnover
167.6m
+18%
operating profit
4.9m
+31%
gross margin
8.5%
-1.69%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
5.9m
+0.02%
total assets
52.5m
+0.09%
cash
10m
+0.66%
net assets
Total assets minus all liabilities
qbs technology group limited company details
company number
09959968
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
January 2016
age
8
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
gnr technology limited (February 2019)
c & w distributors limited (May 2017)
accountant
-
auditor
UHY HACKER YOUNG MANCHESTER LLP
address
queen's court wilmslow road, alderley edge, SK9 7RR
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
qbs technology 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 found 8 charges/mortgages relating to qbs technology group limited. Currently there are 3 open charges and 5 have been satisfied in the past.
qbs technology 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.
Click to start generating capital raising & share issue transactions for QBS TECHNOLOGY GROUP LIMITED. This can take several minutes, an email will notify you when this has completed.
qbs technology group limited Companies House Filings - See Documents
| date | description | view/download |
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