How much does Q Bay Holdings Limited make?

Q Bay Holdings Limited reported revenue of £5.4m and £1.1m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Q Bay Holdings Limited have?

Q Bay Holdings Limited reported an average of 0 employees in the year to 31 Dec 2023.

Is Q Bay Holdings Limited profitable?

Yes — Q Bay Holdings Limited reported a profit of £1.1m in the year to 31 Dec 2023.

Company No. 11390304

Q Bay Holdings LimitedDissolved

Q Bay Holdings Limited made £5.4m revenue and £1.1m profit in the year to 31 Dec 2023.

Q Bay Holdings Limited’s revenue grew 82% to £5.4m in the year to 31 Dec 2023, with £1.1m profit and 0 employees. We hold 2 years of its filed accounts. It is no longer on the Companies House register.

Full P&L filed

This company is no longer on the Companies House register. Figures are from its last filed accounts.

Status: Dissolved

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

Last filed accounts · year to 31 Dec 2023

Key figures

IndependentSmall team

Revenue

£5.4m

Growth ▲81.6%

Profit

£1.1m

Growth —

Profit margin

20.2%

Gross 83%

Employees

Change —

Profit / employee

—

Profitable streak

1yr

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 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£3m	£5.4m
Cost of sales	£1.7m	£914k
Gross profit	£1.3m	£4.5m
Operating profit	£1.2m	£4.2m
Profit before tax	−£11m	£2m
Profit after tax	−£11.1m	£1.1m
Profit (best available)	−£11.1m	£1.1m
Employees (average)	—	0
Ratios
Profit margin	−375.4%	20.2%
Gross margin	43.7%	83%
Growth (year on year)
Revenue growth	—	▲81.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£19.4m	£499k
Net assets	£74.3m	£235k
Current assets	£19.4m	£1.3m
Source	Accounts · bulk data Apr 2024	Accounts · bulk data Apr 2024

Derived from the latest filing

How the business works

Profit margin: 20.2%; Profit ÷ revenue.
Gross margin: 83%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; 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: ▼100%; Now £235k
Cash at bank: ▼97%; Now £499k
Headcount: —; Now 0
Deferred income: —; Now —
Fixed assets: —; Now —

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2023 (profit £1.1m), from the Companies House accounts bulk data published Apr 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.