Quartix Ltd
10.9%
10.9% is our twelve trailing month annualised recurring revenue growth from June 2025 to June 2026
£220k
is our average ARR per employee, which has increased by 10.9% from June 2025 to June 2026
£3.0m
Free cashflow generated in the six months ending June 2026, an 18% increase on the prior year.
The Cavendish View
Quartix is focused on scaling its Fleet subscription business, which benefits from recurring revenue of over 95%, and differentiates due to an outstanding quality of service, as demonstrated by its 4.8 out of 5.0-star rating on Trustpilot. Meeting management provides the opportunity to understand the strategy to sustain double-digit ARR growth after +11% in H1, where gross margin of over 70% enables strong operational gearing and EFCF growth, and 7 organic upgrades since H1 24 results.
MICHAEL HILL
Research Director
Tracking for 25 years
Quartix supplies GPS vehicle tracking and fleet management software to service and transport fleets. More than 35,000 customers use the system, with over a million units installed since 2001 and a 90% renewal rate at contract end.
The platform covers real-time tracking, driver behaviour scoring, geo-fencing, trip reporting and automated maintenance alerts, accessible across desktop and mobile. Add-ons extend it to HD connected dashcams, driver ID, digital vehicle inspections, cold-chain temperature monitoring and power take-off. Petrol, diesel, hybrid and electric vehicles run on the same hardware and software.
Pricing is tiered subscription, from £9.99 to £15.99 per vehicle per month, with an enterprise tier offering custom pricing and API access. Units can be rented or owned outright, on 12-month contracts with no auto-renewals and a lifetime warranty on rented hardware.
Customers span construction, transport and delivery, facilities, utilities, highways, rail, public sector and education, and include DB Schenker, Circet, South Staffordshire plc, Worcester City Council and the University of Birmingham. Quartix sells direct and through a reseller network, is authorised and regulated by the FCA, and is publicly listed.
Attending from Quartix Ltd
Dan Mendis
Commercial & Operations Director
Sally Morton
Finance Director
Company descriptions are drawn from information published by each company and have not been independently verified by Cavendish. They are for information only, are not investment research, advice or a recommendation, and do not constitute an offer or invitation to buy or sell any security. Information is correct as at 10th September 2026 and will not be updated. Investors should refer to each company's own published announcements and accounts. Cavendish acts as adviser or broker to certain of the companies featured.