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 Metrics

Summary Metrics

Founding Date

2006

Q-Mass Financial Metrics

Revenue (2016)

£5.7 m

Revenue growth (2015-16), %

(49%)

Gross profit

£1.3 m

Gross profit margin (2016), %

24%

Net income (2016)

(£349.7 k)

Cash (31-Jan-2016)

£272.1 k
Q-Mass's revenue was reported to be £5.7 m in FY, 2016 which is a 49% decrease from the previous period.
FY, 2014FY, 2015FY, 2016

Revenue

£10.1 m£11.2 m£5.7 m

Revenue growth, %

11%(49%)

Cost of goods sold

£6.4 m£6.4 m£4.3 m

Gross profit

£3.7 m£4.9 m£1.3 m

Gross profit Margin, %

37%43%24%

Operating expense total

£1.9 m£2.4 m£1.7 m

Pre tax profit

£1.7 m£2.4 m(£484.4 k)

Net Income

£1.4 m£1.9 m(£349.7 k)
FY, 2014FY, 2015FY, 2016

Cash

£727.6 k£851.7 k£272.1 k

Accounts Receivable

£2 m£2.2 m£557.4 k

Current Assets

£3.2 m£4 m£1.6 m

PP&E

£4.9 m£4.6 m£7.9 m

Total Assets

£8.1 m£8.6 m£9.5 m

Accounts Payable

£1.1 m£759 k£646.4 k

Current Liabilities

£3 m£2.3 m£3.7 m

Retained Earnings

£1.4 m£1.9 m(£409.7 k)

Total Equity

£3.9 m£5.7 m£5.3 m

Financial Leverage

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

Cash From Operating Activities

£2.2 m£2.2 m£1.7 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

Q-Mass News

Q-Mass Company Life

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