Qlm Technology Ltd

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qlm technology ltd Company Information

Company Number

10673098

Next Accounts

Sep 2025

Directors

Murray Reed

Bernard Bulkin

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Shareholders

schlumberger oilfield uk ltd

xiao al

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Group Structure

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Industry

Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

Registered Address

quest house, st mellons business park, cardiff, CF3 0EY

Website

www.qlmtec.com

qlm technology ltd Estimated Valuation

£14m

Pomanda estimates the enterprise value of QLM TECHNOLOGY LTD at £14m based on Net Assets of £6.1m and 2.3x industry multiple (adjusted for liquidity).

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Qlm Technology Ltd is a live company located in cardiff, CF3 0EY with a Companies House number of 10673098. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in March 2017, it's largest shareholder is schlumberger oilfield uk ltd with a 27% stake. Qlm Technology Ltd is a young, small sized company, Pomanda has estimated its turnover at £2.9m with rapid growth in recent years.

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Pomanda's financial health check has awarded Qlm Technology Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

5 Regular

2 Weak

Size

annual sales of £2.9m, make it in line with the average company (£2.9m)

Growth

3 year (CAGR) sales growth of 133%, show it is growing at a faster rate (7.2%)

EXPORT

Qlm Technology Ltd's latest turnover from December 2023 is estimated at £2.9 million and the company has net assets of £6.1 million. According to their latest financial statements, Qlm Technology Ltd has 22 employees and maintains cash reserves of £2.8 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Mar 2021	Mar 2020	Mar 2019	Mar 2018
Turnover	2,910,293	1,170,837	639,899	304,110	230,401	458,548	109,157
Other Income Or Grants
Cost Of Sales	1,606,577	666,877	370,283	169,835	125,383	238,064	55,939
Gross Profit	1,303,716	503,959	269,616	134,275	105,018	220,484	53,217
Admin Expenses	5,838,598	4,273,362	2,573,550	635,313	-142,507	364,832	70,047
Operating Profit	-4,534,882	-3,769,403	-2,303,934	-501,038	247,525	-144,348	-16,830
Interest Payable	3,916	4,223	1,538	1,525
Interest Receivable	310,691	179,665	1,583	923	27	25
Pre-Tax Profit	-4,228,107	-3,593,961	-2,303,889	-501,640	247,552	-144,323	-16,830
Tax					-47,035
Profit After Tax	-4,228,107	-3,593,961	-2,303,889	-501,640	200,517	-144,323	-16,830
Dividends Paid
Retained Profit	-4,228,107	-3,593,961	-2,303,889	-501,640	200,517	-144,323	-16,830
Employee Costs	1,188,219	766,898	537,522	296,724	126,511	299,708	124,466
Number Of Employees	22	15	11	7	3	7	3
EBITDA*	-4,476,267	-3,738,352	-2,296,106	-501,038	248,066	-144,348	-16,830

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Mar 2021	Mar 2020	Mar 2019	Mar 2018
Tangible Assets	275,697	87,244	63,812	5,143	3,586
Intangible Assets					227,538
Investments & Other
Debtors (Due After 1 year)				43,300	11,689
Total Fixed Assets	275,697	87,244	63,812	48,443	242,813
Stock & work in progress	2,398,500	454,282
Trade Debtors	295,622	97,435	48,000	15,000			3,268
Group Debtors
Misc Debtors	916,536	785,839	357,657	608,875	41,234	95,421
Cash	2,787,614	9,048,218	1,218,376	1,798,785	47,918	6,677
misc current assets
total current assets	6,398,272	10,385,774	1,624,033	2,422,660	89,152	102,098	3,268
total assets	6,673,969	10,473,018	1,687,845	2,471,103	331,965	102,098	3,268
Bank overdraft			9,527	3,932
Bank loan	29,921	9,768
Trade Creditors	357,541	140,631	63,635	22,046	13,155	283	98
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	198,810	185,205	233,002	14,771	12,927	4,950
total current liabilities	586,272	335,604	306,164	40,749	26,082	5,233	98
loans		29,922	39,691	46,067
hp & lease commitments
Accruals and Deferred Income
other liabilities				47,500	32,500	39,500	20,000
provisions		16,576	12,124
total long term liabilities		46,498	51,815	93,567	32,500	39,500	20,000
total liabilities	586,272	382,102	357,979	134,316	58,582	44,733	20,098
net assets	6,087,697	10,090,916	1,329,866	2,336,787	273,383	57,365	-16,830
total shareholders funds	6,087,697	10,090,916	1,329,866	2,336,787	273,383	57,365	-16,830

	Dec 2023	Dec 2022	Dec 2021	Mar 2021	Mar 2020	Mar 2019	Mar 2018
Operating Activities
Operating Profit	-4,534,882	-3,769,403	-2,303,934	-501,038	247,525	-144,348	-16,830
Depreciation	58,615	31,051	7,828		541
Amortisation
Tax					-47,035
Stock	1,944,218	454,282
Debtors	328,884	477,617	352,734	614,252	-42,498	92,153	3,268
Creditors	216,910	76,996	50,480	8,891	12,872	185	98
Accruals and Deferred Income	13,605	-47,797	220,075	1,844	7,977	4,950
Deferred Taxes & Provisions	-16,576	4,452	12,124
Cash flow from operations	-6,535,430	-4,636,600	-2,366,161	-1,104,555	264,378	-231,366	-20,000
Investing Activities
capital expenditure	-247,068	-54,483	159,484	225,981	-231,665
Change in Investments
cash flow from investments	-247,068	-54,483	159,484	225,981	-231,665
Financing Activities
Bank loans	20,153	9,768
Group/Directors Accounts
Other Short Term Loans
Long term loans	-29,922	-9,769	39,691	46,067
Hire Purchase and Lease Commitments
other long term liabilities			-32,500	15,000	-7,000	19,500	20,000
share issue	224,888	12,355,011	3,360,372	2,565,044	15,501	218,518
interest	306,775	175,442	45	-602	27	25
cash flow from financing	521,894	12,530,452	3,367,608	2,625,509	8,528	238,043	20,000
cash and cash equivalents
cash	-6,260,604	7,829,842	1,170,458	1,750,867	41,241	6,677
overdraft		-9,527	9,527	3,932
change in cash	-6,260,604	7,839,369	1,160,931	1,746,935	41,241	6,677

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for qlm technology ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in CF3 area or any other competitors across 12 key performance metrics.

QLM TECHNOLOGY LTD group structure

Qlm Technology Ltd has no subsidiary companies.

Ultimate parent company

QLM TECHNOLOGY LTD

10673098

QLM TECHNOLOGY LTD Shareholders

schlumberger oilfield uk ltd	26.96%
xiao al	9.77%
championx	5.39%
development bank of wales	4.15%
nabla ventures limited	3.88%
dev bank wales	3.08%
w c s nominees limited	2.5%
newable eis scaleup 3 ((kcp)	2.41%
newable eis scaleup 3 (mainspring)	2.02%
john rarity	2.02%

Qlm Technology Ltd currently has 5 directors. The longest serving directors include Dr Murray Reed (May 2020) and Mr Bernard Bulkin (Jun 2021).

officer	country	age	start	end	role
Dr Murray Reed	England	65 years	May 2020	-	Director
Mr Bernard Bulkin	England	83 years	Jun 2021	-	Director
Mr John McCallion	Wales	67 years	Jun 2021	-	Director
Debashis Gupta	United States	56 years	Aug 2022	-	Director
Mr Paul Hughes	United Kingdom	41 years	Dec 2024	-	Director

P&L

December 2023

turnover

2.9m

+149%

operating profit

-4.5m

gross margin

44.8%

+4.08%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

6.1m

-0.4%

total assets

6.7m

-0.36%

cash

2.8m

-0.69%

net assets

Total assets minus all liabilities

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company number

10673098

Type

Private limited with Share Capital

industry

74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

incorporation date

March 2017

ultimate parent company

None

previous names

N/A

address

quest house, st mellons business park, cardiff, CF3 0EY

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 4 charges/mortgages relating to qlm technology ltd. Currently there are 1 open charges and 3 have been satisfied in the past.

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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qlm technology ltd Company Information

qlm technology ltd Estimated Valuation

qlm technology ltd Estimated Valuation

qlm technology ltd Estimated Valuation

Qlm Technology Ltd Overview

Qlm Technology Ltd Health Check

QLM TECHNOLOGY LTD financials

qlm technology ltd Credit Report and Business Information

Qlm Technology Ltd Competitor Analysis

qlm technology ltd Ownership

qlm technology ltd directors

qlm technology ltd company details

qlm technology ltd Charges & Mortgages

qlm technology ltd Capital Raised & Share Issues BETA

qlm technology ltd Companies House Filings - See Documents