QXTEL LIMITED
Operating as a subsidiary of the US-based iQSTEL Inc, the company provides wholesale telecommunications services.
Get an alert when QXTEL LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£544K
USD 723,498
-39.4% lowest in 5 filed years
Net assets
£1.4M
USD 1,874,435
+10.1% vs 2024
Employees
4
-33.3% vs 2024
Profit before tax
£909K
USD 1,208,746
+44.9% vs 2024
Net assets
5-year trend · vs Telecommunications median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £104,287,258 | £82,514,250 | £81,506,401 | £92,734,909 | £106,460,942 | +14.8% | |
| Operating profit | £1,402,884 | — | — | £641,979 | £923,363 | +43.8% | |
| Profit before tax | £1,402,884 | £1,384,840 | £1,313,345 | £627,265 | £908,627 | +44.9% | |
| Net profit | £1,120,759 | £1,101,696 | £1,077,781 | £469,239 | £666,695 | +42.1% | |
| Cash | £1,332,419 | £1,228,674 | £1,841,237 | £896,954 | £543,861 | -39.4% | |
| Total assets less current liabilities | — | — | — | — | — | — | |
| Net assets | £1,772,421 | £1,874,117 | £2,301,898 | £1,279,529 | £1,409,032 | +10.1% | |
| Equity | £1,772,421 | £1,874,117 | £2,301,898 | £1,279,529 | £1,409,032 | +10.1% | |
| Average employees | 2 | 2 | 2 | 6 | 4 | -33.3% | |
| Wages | £710,012 | £694,473 | £683,463 | £840,709 | £622,209 | -26% | |
| Directors' remuneration | £710,012 | £694,473 | £683,463 | £778,110 | £332,378 | -57.3% |
Figures converted to GBP from USD at 0.752 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | 1.3% | — | — | 0.7% | 0.9% | |
| Net margin | 1.1% | 1.3% | 1.3% | 0.5% | 0.6% | |
| Current ratio | — | — | — | 1.23x | 1.14x | |
| Interest cover | — | — | — | 43.63x | 62.66x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- S&W Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The forecasts demonstrate that the Company has reasonable assurance it will have sufficient cash reserves to meet its financial obligations as they fall due for a period of at least 12 months from the date of signing these financial statements. For this reason, the directors are satisfied that the Company remains a going concern for the foreseeable future, being the period of at least 12 months from signing these financial statements and thus they continue to adopt the going concern basis for preparing the financial statements.”
Group structure
- QXTEL LIMITED · parent
- Etelix.com USA LLC.
- QGlobal SMS, LLC.
- Smartbiz Telecom LLC
- Whisl Telecom LLC
- Swisslink Carrier AG
- IQSTEL Inc
Significant events
- “The Company will continue to provide international long-distance voice termination and A2P (Application-to-Person) SMS messaging services to telecom operators globally, with an ongoing commitment to driving growth across both established and emerging geographical markets. The directors regard the diversification of traffic and carrier profiles as central to positioning the Company as a key player in the sector, and intend to leverage the Company's global footprint to integrate its voice and messaging capabilities under a Cloud-Based Platform Services (CPaaS) model, made available to carrier and operator partners worldwide. In addition, the Company has invested - and will continue to invest - substantial financial and human resources in expanding its service portfolio for Mobile Network Operators. This includes IoT services and FinTech-enabled solutions, with the aim of diversifying revenue streams and reducing exposure to the volatility of wholesale carrier voice traffic arising from global economic pressures and the growing demand for non-voice products.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HERZALLAH, Rami | Secretary | 2008-03-31 | — | Other |
| ALEMDAR, Tolga Kemal | Director | 2015-05-26 | Sep 1976 | American |
| IGLESIAS, Leandro Jose | Director | 2024-04-01 | Jun 1965 | Spanish |
| QUINTANA CARDONA, Alvaro Clemente | Director | 2024-04-01 | May 1971 | Venezuelan |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HILTON, Norman Walter | Secretary | 2002-05-17 | 2003-03-31 |
| LAX, Micah | Secretary | 2003-10-27 | 2008-03-31 |
| H B SECRETARIES LIMITED | Corporate Secretary | 2000-05-03 | 2002-05-17 |
| TEMPLE SECRETARIES LIMITED | Corporate Nominee Secretary | 2000-05-03 | 2000-05-03 |
| DIAZ ROMERO, Fernando | Director | 2024-04-01 | 2025-06-02 |
| HENSCHIEN, Gonzalo | Director | 2024-04-01 | 2025-06-02 |
| HERZALLAH, Hosam | Director | 2000-05-03 | 2011-11-24 |
| HERZALLAH, Rami | Director | 2011-11-24 | 2024-04-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Iqstel Inc | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2025-05-14 | Active |
| Yukon River Holdings Ltd. | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2023-01-01 |
| Mr Tolga Kemal Alemdar | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 103 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-26 | AA | accounts | Accounts with accounts type full | |
| 2025-11-11 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-11 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-07 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-07 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-06 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-07-31 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-06-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-09 | AA | accounts | Accounts with accounts type full | |
| 2024-05-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-12 | AA | accounts | Accounts with accounts type full | |
| 2024-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-11 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-26 | PSC04 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- 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.