QINETIQ LIMITED

1. QINETIQ LIMITED 2001-04-04 → present
2. DEFENCE EVALUATION AND RESEARCH AGENCY LIMITED 1999-09-21 → 2001-04-04
3. CLAUSEDIRECT LIMITED 1999-06-25 → 1999-09-21

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. However, because not all future events or conditions can be predicted, this conclusion is not a guarantee as to the company's ability to continue as a going concern.”

Group structure

1. QINETIQ LIMITED · parent
   1. QinetiQ Limited · England & Wales
   2. QinetiQ Estates Limited · England & Wales
   3. QinetiQ Insurance PCC Limited · Guernsey
   4. QinetiQ PFP Limited Partnership · Scotland
   5. QinetiQ Target Services Limited · England & Wales

Significant events

• “Orders in the year were £1,039.4m (2024:£994.5m) reflecting growth of 4.5% which was driven by strong performance in UK Defence. Subsequent to the year end, the Company announced a five-year, £1.54 billion extension to its Long Term Partnering Agreement (LTPA) with the UK's Ministry of Defence (MOD).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +3.9%

  £1,245,400,000 → £1,294,300,000

• Cash

  +22.7%

  £150,900,000 → £185,200,000

• Net assets

  +2.1%

  £752,000,000 → £768,100,000

• Employees

  +2.9%

  5,218 → 5,367

• Operating profit

  -14.1%

  £175,400,000 → £150,700,000

• Profit before tax

  -10.8%

  £211,300,000 → £188,400,000

• Wages

  +4.2%

  £280,400,000 → £292,200,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers