QTS GROUP LTD.

1. QTS GROUP LTD. 2009-04-23 → present
2. QTS (HOLDINGS) LTD 2008-07-24 → 2009-04-23

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have reviewed the Company's cash flow and operating forecasts and have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future (for the period ending 31 December 2026). In addition, under the terms of the Group's banking arrangement, security over the Company's assets has been granted to the Group's bankers so the Directors of Renew Holdings plc have provided a letter of support to the Company stating that Renew Holdings plc will provide support for the Company should it be required to enable it to continue to meet its liabilities as they fall due until 31 December 2026. Further details of the going concern assessment undertaken by the Directors of Renew Holdings plc are provided in the Annual Report of Renew Holdings plc, for which copies are available on request from the registered office of that company. As a result, the directors believe that the going concern basis is appropriate for the preparation of these financial statements.”

Group structure

1. QTS GROUP LTD. · parent
   1. QTS Training Limited 100% · Scotland · Training services
   2. QTS Rail Limited 100% · Scotland · Dormant
   3. QTS Specialised Plant Services Limited 100% · Scotland · Dormant
   4. Rail Electrification Limited 100% · Scotland · Infrastructure - OLE

Significant events

• “During the year, QTS has achieved significant success in securing a variety of larger projects and framework agreements. A particularly noteworthy accomplishment came in April 2025, when it was announced that QTS was included as part of the supply chain selected for the Network Rail £1.15 billion Eastern Region Reactive and Small Schemes Framework.”
• “During the year, QTS achieved notable success in winning various awards, reflecting the company's ongoing commitment to both its employees and the high quality of work delivered. These accolades serve as recognition of the dedication and professionalism demonstrated throughout the organisation. Among the awards received, the Ground Engineering UK Project Award stands out as a significant achievement, highlighting excellence in project execution and industry standards.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +16.6%

  £139,304,000 → £162,497,000

• Cash

  +539.6%

  £1,368,000 → £8,750,000

• Net assets

  +2%

  £19,670,000 → £20,069,000

• Employees

  +4.8%

  625 → 655

• Operating profit

  +9.8%

  £14,909,000 → £16,374,000

• Profit before tax

  +9.8%

  £14,865,000 → £16,316,000

• Wages

  +8.6%

  £33,898,000 → £36,811,000

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