Qube Total Solutions Ltd
Registered name: QUBE TOTAL SOLUTIONS LTD
Part of Nene Group Limited groupQube Total Solutions Ltd made £6.3m revenue and £521k profit in the year to 31 Dec 2023.
Qube Total Solutions Ltd’s revenue fell 14% to £6.3m in the year to 31 Dec 2023, with £521k profit and 40 employees. The company is classified under “manufacture of wire products, chain and springs” and is based in Nottingham; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Nottingham, East Midlands
- Age
- 23 yrs · since 2003
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £7.3m | £6.3m |
| Cost of sales | £4.7m | £4.3m |
| Gross profit | £2.7m | £1.9m |
| Operating profit | £740k | −£128k |
| Profit before tax | £673k | −£124k |
| Profit after tax | £745k | £521k |
| Profit (best available) | £745k | £521k |
| Employees (average) | 44 | 40 |
| Ratios | ||
| Profit margin | 10.2% | 8.3% |
| Gross margin | 36.4% | 30.8% |
| Revenue per employee | £166k | £157k |
| Profit per employee | £16.9k | £13k |
| Growth (year on year) | ||
| Revenue growth | — | ▼14.4% |
| Profit growth | — | ▼30% |
| Headcount growth | — | ▼9.1% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £410k | £2.8m |
| Net assets | £3.5m | £4.1m |
| Fixed assets | £3.8m | £691k |
| Current assets | £1.9m | £4.8m |
| Debtors | £703k | £1.2m |
| Deferred income | £0 | £17.3k |
| Source | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2024 |
How the business works
- Profit margin
- 8.3%
- Profit ÷ revenue.
- Gross margin
- 30.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £157k
- Revenue ÷ average employees.
- Profit per employee
- £13k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 11%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.3%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 19.1%
- Money owed by customers. Low = customers pay quickly.
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
- ▲15%
- Now £4.1m
- Cash at bank
- ▲581%
- Now £2.8m
- Headcount
- ▼9%
- Now 40
- Deferred income
- —
- Now £17.3k
- Fixed assets
- ▼82%
- Now £691k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Nene Group Limitedultimate parent75–100%
- Qube Total Solutions Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (4)
- Nene Electrical LimitedFigures not disclosed
- Nene Property Developments LimitedFigures not disclosed
- Nene Workplace Solutions LimitedFigures not disclosed
- NWS Group LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Mettex Electric Company LimitedBanbury · Manufacture of wire products, chain and springs
- Revenue
- £8.7m
- Profit
- £131k
- Staff
- 62
- Springmasters LimitedManufacture of wire products, chain and springs
- Revenue
- £9m
- Profit
- £1.2m
- Staff
- 100
- HS Products LtdLeeds · Manufacture of wire products, chain and springs
- Revenue
- £13.4m
- Profit
- £798k
- Staff
- 83
- European Springs and Pressings LimitedBeckenham · Manufacture of wire products, chain and springs
- Revenue
- £17m
- Profit
- £4.1m
- Staff
- 126
- Advanex Europe LimitedSouthwell · Manufacture of wire products, chain and springs
- Revenue
- £18.3m
- Profit
- £175k
- Staff
- 173
Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £521k), from the Companies House accounts bulk data published Dec 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.