QSRC LIMITED
QSRC Limited operates a specialist medical practice based in Queen Square, London.
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Cash
£377k
+55.4% highest in 6 filed years
Net assets
£2.2m
-13.3% first positive since 2022
Employees
9
-10% vs 2024
Profit before tax
-£342k
-119.6% lowest in 6 filed years
Net assets
6-year trend · vs Health Care median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £2,131,538 | £3,179,924 | £4,240,478 | £4,546,092 | £5,453,264 | £5,703,845 | +4.6% | |
| Operating profit | -£206,374 | £933,270 | £1,173,968 | £1,459,893 | £1,793,130 | -£212,746 | -111.9% | |
| Profit before tax | -£339,136 | £828,307 | £1,045,357 | £1,356,060 | £1,746,186 | -£341,884 | -119.6% | |
| Net profit | -£339,136 | £846,523 | £801,864 | £1,380,378 | £1,744,597 | -£340,801 | -119.5% | |
| Cash | £143,537 | £34,310 | £127,164 | £47,608 | £242,328 | £376,695 | +55.4% | |
| Total assets less current liabilities | -£930,600 | -£994,725 | -£520,019 | £828,927 | £2,553,524 | £7,115,560 | +178.7% | |
| Net assets | -£2,219,838 | -£1,373,315 | -£571,451 | £808,927 | £2,553,524 | £2,212,723 | -13.3% | |
| Equity | — | -£1,373,315 | -£571,451 | £808,927 | £2,553,524 | £2,212,723 | -13.3% | |
| Average employees | 6 | 7 | 10 | 11 | 10 | 9 | -10% | |
| Wages | — | — | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — | — | — |
Values shown as filed in the company's annual accounts. — 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | -9.7% | 29.3% | 27.7% | 32.1% | 32.9% | -3.7% | |
| Net margin | -15.9% | 26.6% | 18.9% | 30.4% | 32.0% | -6.0% | |
| Return on capital employed | — | — | — | 176.1% | 70.2% | -3.0% | |
| Gearing (liabilities / total assets) | 227.0% | 173.9% | 126.8% | 77.7% | 51.7% | 70.1% | |
| Current ratio | — | — | — | 1.26x | 1.90x | 24.99x | |
| Interest cover | -1.55x | 8.89x | 9.13x | 14.06x | 38.20x | -1.65x |
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 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Forvis Mazars
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements are prepared on a going concern basis. At the year end, the Company had net current assets of £7,055,335 (2024: net current assets of £2,473,141). The Company remains assured of the financial support by the parent company. The directors have received confirmation that the parent company will make available sufficient funds to the Company to enable the Company to continue as a going concern for at least twelve months from the date of signature of the audit report. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.”
Significant events
- “The charges registered by Ares Management Limited against the Company were fully satisfied as of 27 February 2026.”
- “On 30 April 2026, a charge was registered by Glas SAS over the Company. The charge included fixed charges, floating charges, negative pledge clauses and was held over the assets of the Company.”
- “On 3 April 2026, the Company changed its registered address from 42-43 Queen Square, London, WC1N 3AJ, England to 98 Theobalds Road, London, England, WC1X 8WB.”
- “The provision was made during the year after the Company settled a dispute and an agreement was reached on the 10th March 2026 with the landlord over its lease for the 42-43 Queen Square property. The Company vacated the property after the dispute arose. The provision was settled in full in March 2026.”
- “On 25 April 2025 Amethyst Top B.V. sold all of the Group's equity to funds managed by Fremman Capital Stichting after which Fremman Capital Stichting became the new ultimate controlling party.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BURNS, Sasha Bianca | Director | 2025-03-19 | Jan 1972 | British |
| SHETTY, Ganesh | Director | 2024-03-04 | Apr 1979 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARRATT, Simon James Knevett | Secretary | 2011-12-06 | 2020-03-10 |
| BROOKS, Lynne Lorraine | Director | 2011-12-06 | 2020-03-10 |
| CARRÉ, Stéphane Henri | Director | 2024-11-29 | 2025-10-31 |
| DOROSZKOWSKI, Stefan Augustus | Director | 2020-03-10 | 2020-03-10 |
| DOROSZKOWSKI, Stefan Augustus | Director | 2020-03-10 | 2024-10-31 |
| GARNER, Dawn | Director | 2012-12-17 | 2015-02-27 |
| NELSON, Andrew Edward Bass | Director | 2024-11-29 | 2025-12-02 |
| ROBERTS, Neil Anthony | Director | 2012-12-17 | 2020-03-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Medical Equipment Solutions Limited | Corporate entity | Shares 75–100% | 2020-03-10 | Active |
| Mrs Lynne Lorraine Brooks | Individual | Shares 25–50% | 2018-10-01 | Ceased 2020-03-10 |
| Mr Christopher Neil Hunter Gordon | Individual | Shares 50–75% (as trust) | 2016-04-06 | Ceased 2018-10-01 |
Filing timeline
Last 20 of 71 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-05-26 MA Memorandum articles
- 2024-05-15 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-17 | AA | accounts | Accounts with accounts type full | |
| 2026-05-26 | MA | incorporation | Memorandum articles | |
| 2026-05-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-02-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-02 | AA | accounts | Accounts with accounts type full | |
| 2025-03-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-12 | AA | accounts | Accounts with accounts type small | |
| 2024-07-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-15 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
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.