How much does Quartztec Europe Limited make?

Quartztec Europe Limited reported revenue of £9m and £727k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Quartztec Europe Limited have?

Quartztec Europe Limited reported an average of 60 employees in the year to 31 Dec 2023.

Is Quartztec Europe Limited profitable?

Yes — Quartztec Europe Limited reported a profit of £727k in the year to 31 Dec 2023.

Company No. 00734915 · Incorporated 10 Sep 1962

Quartztec Europe Limited

Registered name: QUARTZTEC EUROPE LIMITED

Part of Quartztec Holdings Limited group

Quartztec Europe Limited made £9m revenue and £727k profit in the year to 31 Dec 2023.

Quartztec Europe Limited’s revenue was £9m in the year to 31 Dec 2023, with £727k profit and 60 employees. The company is classified under “manufacture and processing of other glass, including technical glassware” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 23190Manufacture and processing of other glass, including technical glassware

Status: Active
Location: London, London
Age: 64 yrs · since 1962
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “Quartztec Holdings Limited”

Latest accounts · year to 31 Dec 2023

Key figures

Revenue

£9m

Growth —

Profit

£727k

Growth —

Profit margin

8.1%

Gross 31.6%

Employees

Change —

Profit / employee

£12.1k

Revenue/employee £150k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2023	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£10.1m	£9m
Cost of sales	£6.7m	£6.2m
Gross profit	£3.4m	£2.8m
Operating profit	£1.5m	£1m
Profit before tax	£1.4m	£991k
Profit after tax	£1.2m	£727k
Profit (best available)	£1.2m	£727k
Staff costs	£2m	£1.8m
Employees (average)	51	60
Ratios
Profit margin	12.1%	8.1%
Gross margin	33.9%	31.6%
Revenue per employee	£199k	£150k
Profit per employee	£24k	£12.1k
Balance sheet — indirect signals, not revenue
Cash at bank	£435k	£53.1k
Net assets	£4m	£4.6m
Fixed assets	£1.1m	£1.6m
Current assets	£5.7m	£5.1m
Debtors	£2.2m	£1.7m
Deferred income	£38.5k	£114k
Source	Accounts · bulk data Sep 2024	Accounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: 8.1%; Profit ÷ revenue.
Gross margin: 31.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £150k; Revenue ÷ average employees.
Profit per employee: £12.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 18.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18.4%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now £4.6m
Cash at bank: —; Now £53.1k
Headcount: —; Now 60
Deferred income: —; Now £114k
Fixed assets: —; Now £1.6m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Quartztec Holdings Limitedultimate parent75–100%
Quartztec Europe Limitedthis company

Bands show the share of ownership each company holds in the one below it.

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2023 (profit £727k), from the Companies House accounts bulk data published Sep 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.