IQVIA LABORATORIES LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-26 (in 1mo)
Last made up 2025-06-12
Watchouts
None on the register
Cash
£13M
+100.9% vs 2023
Net assets
£90M
-19.6% vs 2023
Employees
1,110
+2.4% vs 2023
Profit before tax
£67M
+30.9% vs 2023
Name history
Renamed 2 times since incorporation — the current trading name was adopted 2025-11-05
- IQVIA LABORATORIES LTD 2025-11-05 → present
- Q SQUARED SOLUTIONS LIMITED 2015-07-01 → 2025-11-05
- CLINICAL LAB SERVICES LIMITED 2015-06-12 → 2015-07-01
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £312,847,000 | £364,077,000 | |
| Operating profit | £48,796,000 | £63,766,000 | |
| Profit before tax | £51,229,000 | £67,038,000 | |
| Net profit | £39,383,000 | £49,820,000 | |
| Cash | £6,439,000 | £12,938,000 | |
| Total assets less current liabilities | £154,499,000 | £129,818,000 | |
| Net assets | £112,365,000 | £90,339,000 | |
| Equity | £112,365,000 | £90,339,000 | |
| Average employees | 1,084 | 1,110 | |
| Wages | £31,524,000 | £37,098,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 15.6% | 17.5% | |
| Net margin | 12.6% | 13.7% | |
| Return on capital employed | 31.6% | 49.1% | |
| Gearing (liabilities / total assets) | 51.3% | 56.6% | |
| Current ratio | 4.08x | 3.32x | |
| Interest cover | 85.01x | 117.22x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company meets its day-to-day working capital requirements through its cash reserves and borrowings. The company should be able to operate within the level of its current cash reserves and borrowings. The directors have reviewed expected cash resources against future committed expenditure and confirm that the company will have sufficient funds to enable it to meet its liabilities as they fall due for a period of at least one year from the date of the directors signing the financial statements of the company. The company therefore continues to adopt the going concern basis in preparing its financial statements.”
Group structure
- IQVIA LABORATORIES LTD · parent
- Q Squared Solutions (Quest) Limited 100%
Significant events
- “The company paid £72.00 million dividend to its immediate parent company in 2024 (2023: £nil million).”
- “During 2024 the share premium account of the Company was reduced by way of capital reduction to retained earnings, from £190.58m to nil balance. Additionally, the remaining balance on 'Other reserves' was transferred to retained earnings, £165.95m, thereby reducing the balance in retained earnings by this realised loss ((2023: £0.86m).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JTC (UK) LIMITED | Corporate Secretary | 2023-06-29 | — | — |
| LOWEY, Elaine | Director | 2024-07-26 | Oct 1978 | British |
| THORNLEY, Simon Carwyn | Director | 2022-10-17 | Feb 1972 | British |
| TURLAND, Kevin John | Director | 2015-10-08 | Mar 1969 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HALCO SECRETARIES LIMITED | Corporate Secretary | 2018-06-05 | 2023-06-29 |
| BROWN, Tony | Director | 2018-12-21 | 2024-07-26 |
| MACDONALD, Alasdair | Director | 2015-06-12 | 2018-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Q Squared Solutions Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 53 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-05 CERTNM Certificate change of name company PDF
- 2024-07-29 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-05 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2025-06-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-29 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-29 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-07-29 | SH20 | capital | Legacy | |
| 2024-07-29 | CAP-SS | insolvency | Legacy | |
| 2024-07-29 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-10 | AA | accounts | Accounts with accounts type full | |
| 2024-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-06 | CH01 | officers | Change person director company with change date | |
| 2023-10-09 | AD02 | address | Change sail address company with old address new address | |
| 2023-10-06 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-10-06 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2023-08-14 | CH01 | officers | Change person director company with change date | |
| 2023-07-14 | AA | accounts | Accounts with accounts type full | |
| 2023-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-25 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-06 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+16.4%
£312,847,000 £364,077,000
-
Cash
+100.9%
£6,439,000 £12,938,000
-
Net assets
-19.6%
£112,365,000 £90,339,000
-
Employees
+2.4%
1,084 1,110
-
Operating profit
+30.7%
£48,796,000 £63,766,000
-
Profit before tax
+30.9%
£51,229,000 £67,038,000
-
Wages
+17.7%
£31,524,000 £37,098,000
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