tq360 limited
tq360 limited Company Information
Company Number
SC413670
Next Accounts
Sep 2025
Shareholders
tq360 (hc) limited
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
block 1 todds campus acre road, glasgow, G20 0XA
Website
qnostics.comtq360 limited Estimated Valuation
Pomanda estimates the enterprise value of TQ360 LIMITED at £6.4m based on a Turnover of £7.4m and 0.87x industry multiple (adjusted for size and gross margin).
tq360 limited Estimated Valuation
Pomanda estimates the enterprise value of TQ360 LIMITED at £16.8m based on an EBITDA of £2.6m and a 6.37x industry multiple (adjusted for size and gross margin).
tq360 limited Estimated Valuation
Pomanda estimates the enterprise value of TQ360 LIMITED at £1.9m based on Net Assets of £903.9k and 2.13x industry multiple (adjusted for liquidity).
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Tq360 Limited Overview
Tq360 Limited is a live company located in glasgow, G20 0XA with a Companies House number of SC413670. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in December 2011, it's largest shareholder is tq360 (hc) limited with a 100% stake. Tq360 Limited is a established, mid sized company, Pomanda has estimated its turnover at £7.4m with declining growth in recent years.
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Tq360 Limited Health Check
Pomanda's financial health check has awarded Tq360 Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £7.4m, make it larger than the average company (£4.8m)
£7.4m - Tq360 Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (6.7%)
-9% - Tq360 Limited
6.7% - Industry AVG
Production
with a gross margin of 65.5%, this company has a lower cost of product (38.2%)
65.5% - Tq360 Limited
38.2% - Industry AVG
Profitability
an operating margin of 34.4% make it more profitable than the average company (5.7%)
34.4% - Tq360 Limited
5.7% - Industry AVG
Employees
with 71 employees, this is above the industry average (27)
71 - Tq360 Limited
27 - Industry AVG
Pay Structure
on an average salary of £34.3k, the company has a lower pay structure (£53.9k)
£34.3k - Tq360 Limited
£53.9k - Industry AVG
Efficiency
resulting in sales per employee of £104.1k, this is less efficient (£171.2k)
£104.1k - Tq360 Limited
£171.2k - Industry AVG
Debtor Days
it gets paid by customers after 23 days, this is earlier than average (42 days)
23 days - Tq360 Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is close to average (32 days)
32 days - Tq360 Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 175 days, this is more than average (33 days)
175 days - Tq360 Limited
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 20 weeks, this is average cash available to meet short term requirements (22 weeks)
20 weeks - Tq360 Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.2%, this is a higher level of debt than the average (62.6%)
71.2% - Tq360 Limited
62.6% - Industry AVG
TQ360 LIMITED financials
Tq360 Limited's latest turnover from December 2023 is £7.4 million and the company has net assets of £903.9 thousand. According to their latest financial statements, Tq360 Limited has 71 employees and maintains cash reserves of £867.3 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 7,392,989 | 9,292,208 | 11,230,999 | 9,700,886 | 5,113,346 | |||||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | 2,553,537 | 2,957,551 | 2,673,668 | 2,496,437 | 1,221,059 | |||||||
| Gross Profit | 4,839,452 | 6,334,657 | 8,557,331 | 7,204,449 | 3,892,287 | |||||||
| Admin Expenses | 2,293,881 | 2,229,396 | 2,179,070 | 3,695,120 | 2,698,852 | |||||||
| Operating Profit | 2,545,571 | 4,105,261 | 6,378,261 | 3,509,329 | 1,193,435 | |||||||
| Interest Payable | 986 | |||||||||||
| Interest Receivable | 7,076 | |||||||||||
| Pre-Tax Profit | 2,544,585 | 4,112,337 | 6,378,261 | 3,509,329 | 1,193,435 | |||||||
| Tax | -407,425 | -594,897 | -828,923 | -303,250 | -217,145 | |||||||
| Profit After Tax | 2,137,160 | 3,517,440 | 5,549,338 | 3,206,079 | 976,290 | |||||||
| Dividends Paid | 4,570,000 | 3,000,000 | 6,500,000 | 1,500,000 | 500,000 | |||||||
| Retained Profit | -2,432,840 | 517,440 | -950,662 | 1,706,079 | 476,290 | |||||||
| Employee Costs | 2,433,302 | 2,410,802 | 2,220,537 | 3,844,526 | ||||||||
| Number Of Employees | 71 | 71 | 69 | 65 | 56 | 51 | 54 | |||||
| EBITDA* | 2,640,917 | 4,202,275 | 6,488,422 | 3,625,983 | 1,302,470 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 364,430 | 325,356 | 372,054 | 362,086 | 314,847 | 386,437 | 484,581 | 335,994 | 294,955 | |||
| Intangible Assets | ||||||||||||
| Investments & Other | 663,250 | 663,250 | 659,950 | 653,250 | 653,250 | |||||||
| Debtors (Due After 1 year) | 170,000 | 386,811 | 220,000 | 245,000 | ||||||||
| Total Fixed Assets | 364,430 | 325,356 | 372,054 | 362,086 | 314,847 | 386,437 | 484,581 | 999,244 | 1,128,205 | 1,046,761 | 873,250 | 898,250 |
| Stock & work in progress | 1,227,161 | 1,091,614 | 1,394,342 | 1,292,561 | 1,260,361 | 676,231 | 547,806 | |||||
| Trade Debtors | 474,052 | 323,641 | 2,133,722 | 2,309,059 | 1,138,325 | 1,419,752 | 1,186,044 | 684,147 | 537,171 | 278,182 | 117,195 | 386,195 |
| Group Debtors | 700,000 | 441,342 | ||||||||||
| Misc Debtors | 209,925 | 378,593 | 268,408 | 585,324 | 152,202 | 129,006 | 172,858 | |||||
| Cash | 867,329 | 3,354,080 | 2,711,016 | 4,546,580 | 1,169,095 | 1,055,897 | 2,427,219 | 45,793 | 145,074 | 104,360 | 219,328 | |
| misc current assets | ||||||||||||
| total current assets | 2,778,467 | 5,147,928 | 6,507,488 | 8,733,524 | 4,419,983 | 3,280,886 | 4,775,269 | 729,940 | 682,245 | 382,542 | 336,523 | 386,195 |
| total assets | 3,142,897 | 5,473,284 | 6,879,542 | 9,095,610 | 4,734,830 | 3,667,323 | 5,259,850 | 1,729,184 | 1,810,450 | 1,429,303 | 1,209,773 | 1,284,445 |
| Bank overdraft | ||||||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 226,750 | 180,344 | 209,267 | 280,633 | 132,401 | 165,569 | 133,180 | 607,135 | 971,511 | 705,504 | 721,890 | 1,028,567 |
| Group/Directors Accounts | 18,602 | |||||||||||
| other short term finances | ||||||||||||
| hp & lease commitments | ||||||||||||
| other current liabilities | 1,926,849 | 1,880,021 | 3,797,036 | 5,010,917 | 2,531,921 | 1,890,190 | 1,794,919 | |||||
| total current liabilities | 2,153,599 | 2,060,365 | 4,006,303 | 5,291,550 | 2,664,322 | 2,055,759 | 1,946,701 | 607,135 | 971,511 | 705,504 | 721,890 | 1,028,567 |
| loans | ||||||||||||
| hp & lease commitments | ||||||||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | ||||||||||||
| provisions | 85,365 | 80,929 | 82,955 | 63,114 | 35,577 | 49,761 | 61,779 | 67,199 | 58,991 | |||
| total long term liabilities | 85,365 | 80,929 | 82,955 | 63,114 | 35,577 | 49,761 | 61,779 | 67,199 | 58,991 | |||
| total liabilities | 2,238,964 | 2,141,294 | 4,089,258 | 5,354,664 | 2,699,899 | 2,105,520 | 2,008,480 | 674,334 | 1,030,502 | 705,504 | 721,890 | 1,028,567 |
| net assets | 903,933 | 3,331,990 | 2,790,284 | 3,740,946 | 2,034,931 | 1,561,803 | 3,251,370 | 1,054,850 | 779,948 | 723,799 | 487,883 | 255,878 |
| total shareholders funds | 903,933 | 3,331,990 | 2,790,284 | 3,740,946 | 2,034,931 | 1,561,803 | 3,251,370 | 1,054,850 | 779,948 | 723,799 | 487,883 | 255,878 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 2,545,571 | 4,105,261 | 6,378,261 | 3,509,329 | 1,193,435 | |||||||
| Depreciation | 95,346 | 97,014 | 110,161 | 116,654 | 109,035 | 114,420 | 137,116 | 51,518 | 120,668 | |||
| Amortisation | 14,893 | |||||||||||
| Tax | -407,425 | -594,897 | -828,923 | -303,250 | -217,145 | |||||||
| Stock | 135,547 | -302,728 | 101,781 | 32,200 | 584,130 | 128,425 | 547,806 | |||||
| Debtors | -18,257 | -1,699,896 | -492,253 | 903,856 | 441,769 | -251,486 | 1,116,097 | -23,024 | 42,178 | 327,798 | -294,000 | 631,195 |
| Creditors | 46,406 | -28,923 | -71,366 | 148,232 | -33,168 | 32,389 | -473,955 | -364,376 | 266,007 | -16,386 | -306,677 | 1,028,567 |
| Accruals and Deferred Income | 46,828 | -1,917,015 | -1,213,881 | 2,478,996 | 641,731 | 95,271 | 1,794,919 | |||||
| Deferred Taxes & Provisions | 4,436 | -2,026 | 19,841 | 27,537 | -14,184 | -12,018 | -5,420 | 8,208 | 58,991 | |||
| Cash flow from operations | 2,213,872 | 3,662,038 | 4,784,565 | 5,041,442 | 653,805 | |||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | -663,250 | 3,300 | 6,700 | 653,250 | ||||||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | -18,602 | 18,602 | ||||||||||
| Other Short Term Loans | ||||||||||||
| Long term loans | ||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||
| other long term liabilities | ||||||||||||
| share issue | ||||||||||||
| interest | -986 | 7,076 | ||||||||||
| cash flow from financing | 3,797 | 31,342 | -64 | -3,162 | ||||||||
| cash and cash equivalents | ||||||||||||
| cash | -2,486,751 | 643,064 | -1,835,564 | 3,377,485 | 113,198 | -1,371,322 | 2,381,426 | -99,281 | 40,714 | -114,968 | 219,328 | |
| overdraft | ||||||||||||
| change in cash | -2,486,751 | 643,064 | -1,835,564 | 3,377,485 | 113,198 | -1,371,322 | 2,381,426 | -99,281 | 40,714 | -114,968 | 219,328 |
tq360 limited Credit Report and Business Information
Tq360 Limited Competitor Analysis
Perform a competitor analysis for tq360 limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in G20 area or any other competitors across 12 key performance metrics.
tq360 limited Ownership
TQ360 LIMITED group structure
Tq360 Limited has 1 subsidiary company.
Ultimate parent company
2 parents
TQ360 LIMITED
SC413670
1 subsidiary
tq360 limited directors
Tq360 Limited currently has 2 directors. The longest serving directors include Dr Paul Wallace (Dec 2011) and Mr Richard Kelly (Jan 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Paul Wallace | United Kingdom | 56 years | Dec 2011 | - | Director |
| Mr Richard Kelly | 62 years | Jan 2018 | - | Director |
P&L
December 2023turnover
7.4m
-20%
operating profit
2.5m
-38%
gross margin
65.5%
-3.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
903.9k
-0.73%
total assets
3.1m
-0.43%
cash
867.3k
-0.74%
net assets
Total assets minus all liabilities
tq360 limited company details
company number
SC413670
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
December 2011
age
14
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
GRANT THORNTON (NI) LLP
address
block 1 todds campus acre road, glasgow, G20 0XA
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
MBM COMMERCIAL LLP
tq360 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 2 charges/mortgages relating to tq360 limited. Currently there are 0 open charges and 2 have been satisfied in the past.
tq360 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.
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tq360 limited Companies House Filings - See Documents
| date | description | view/download |
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