Q-Mass is Scotland's No. 1 sub contract precision machining supplier providing services mainly to the oil and gas industry. Its diverse state-of-the-art manufacturing plant and highly skilled team of engineers, precision manufacture bespoke components for a range of applications. Q-Mass is continually developing its equipment, processes and personnel to ensure it remains the leader in technical capabilities and competency. Q-Mass's diverse capability is second to none in the UK and includes large turning, milling, gun drilling, wire erosion, spark erosion, honing, CMM and now includes a licence to cut VAM threads.
Company Growth (employees)
Type
Private
HQ
East Kilbride, GB
Founded
2006
Size (employees)
10 (est)
Q-Mass was founded in 2006 and is headquartered in East Kilbride, GB

Q-Mass Office Locations

Q-Mass has an office in East Kilbride
East Kilbride, GB (HQ)
1 A Langlands Dr

Q-Mass Data and Metrics

Summary Metrics

Founding Date

2006

Q-Mass Financial Metrics

Q-Mass's revenue was reported to be £5.7 m in FY, 2016 which is a 49% decrease from the previous period.
£, GBP

Revenue (FY, 2016)

5.7 m

Revenue growth (FY, 2015 - FY, 2016), %

(49%)

Gross profit (FY, 2016)

1.3 m

Gross profit margin (FY, 2016), %

24%

Net income (FY, 2016)

(349.7 k)

Cash (31-Jan-2016)

272.1 k
£, GBPFY, 2014FY, 2015FY, 2016

Revenue

10.1 m11.2 m5.7 m

Revenue growth, %

11%(49%)

Cost of goods sold

6.4 m6.4 m4.3 m

Gross profit

3.7 m4.9 m1.3 m

Gross profit Margin, %

37%43%24%

Operating expense total

1.9 m2.4 m1.7 m

Pre tax profit

1.7 m2.4 m(484.4 k)

Net Income

1.4 m1.9 m(349.7 k)
£, GBPFY, 2014FY, 2015FY, 2016

Cash

727.6 k851.7 k272.1 k

Accounts Receivable

2 m2.2 m557.4 k

Current Assets

3.2 m4 m1.6 m

PP&E

4.9 m4.6 m7.9 m

Total Assets

8.1 m8.6 m9.5 m

Accounts Payable

1.1 m759 k646.4 k

Current Liabilities

3 m2.3 m3.7 m

Retained Earnings

1.4 m1.9 m(409.7 k)

Total Equity

3.9 m5.7 m5.3 m

Financial Leverage

2.1 x1.5 x1.8 x
£, GBPFY, 2014FY, 2015FY, 2016

Cash From Operating Activities

2.2 m2.2 m1.7 m

Cash From Financing Activities

(994.8 k)(891.5 k)1.8 m

Income Taxes Paid

(292.6 k)(503.7 k)134.7 k
Y, 2016

Financial Leverage

1.8 x

Q-Mass News and Updates

Q-Mass Company Life and Culture

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