double two limited
double two limited Company Information
Company Number
00540034
Next Accounts
198 days late
Shareholders
wakefield shirt company ltd
Group Structure
View All
Industry
Manufacture of other wearing apparel and accessories
+2Registered Address
gate a double two portobello mil, thornes lane wharf, wakefield, west yorkshire, WF1 5RL
Website
www.doubletwo.co.ukdouble two limited Estimated Valuation
Pomanda estimates the enterprise value of DOUBLE TWO LIMITED at £4.8m based on a Turnover of £9.3m and 0.51x industry multiple (adjusted for size and gross margin).
double two limited Estimated Valuation
Pomanda estimates the enterprise value of DOUBLE TWO LIMITED at £3.8m based on an EBITDA of £806.1k and a 4.67x industry multiple (adjusted for size and gross margin).
double two limited Estimated Valuation
Pomanda estimates the enterprise value of DOUBLE TWO LIMITED at £0 based on Net Assets of £-740.8k and 2.54x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Double Two Limited Overview
Double Two Limited is a live company located in wakefield, WF1 5RL with a Companies House number of 00540034. It operates in the manufacture of other wearing apparel and accessories n.e.c. sector, SIC Code 14190. Founded in November 1954, it's largest shareholder is wakefield shirt company ltd with a 100% stake. Double Two Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.3m with declining growth in recent years.
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Double Two Limited Health Check
Pomanda's financial health check has awarded Double Two Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
3 Weak
Size
annual sales of £9.3m, make it in line with the average company (£11.6m)
£9.3m - Double Two Limited
£11.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (2.3%)
-9% - Double Two Limited
2.3% - Industry AVG
Production
with a gross margin of 35.5%, this company has a comparable cost of product (39%)
35.5% - Double Two Limited
39% - Industry AVG
Profitability
an operating margin of 8.2% make it more profitable than the average company (4.8%)
8.2% - Double Two Limited
4.8% - Industry AVG
Employees
with 60 employees, this is above the industry average (46)
60 - Double Two Limited
46 - Industry AVG
Pay Structure
on an average salary of £19.8k, the company has a lower pay structure (£32.2k)
£19.8k - Double Two Limited
£32.2k - Industry AVG
Efficiency
resulting in sales per employee of £155.2k, this is less efficient (£214k)
£155.2k - Double Two Limited
£214k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is near the average (34 days)
40 days - Double Two Limited
34 days - Industry AVG
Creditor Days
its suppliers are paid after 63 days, this is slower than average (41 days)
63 days - Double Two Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 82 days, this is less than average (124 days)
82 days - Double Two Limited
124 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Double Two Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 117.5%, this is a higher level of debt than the average (68%)
117.5% - Double Two Limited
68% - Industry AVG
DOUBLE TWO LIMITED financials
Double Two Limited's latest turnover from December 2022 is £9.3 million and the company has net assets of -£740.8 thousand. According to their latest financial statements, Double Two Limited has 60 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 9,310,567 | 4,967,474 | 4,941,435 | 12,372,552 | 12,846,074 | 14,717,084 | 13,865,035 | 13,865,393 | 15,198,162 | 12,835,212 | 11,952,455 | 19,857,375 | 10,641,810 | 9,831,597 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 6,007,058 | 3,399,099 | 3,379,060 | 8,427,018 | 8,977,745 | 10,829,328 | 10,752,500 | 9,693,159 | 10,532,792 | 8,308,753 | 5,410,890 | |||
| Gross Profit | 3,303,509 | 1,568,375 | 1,562,375 | 3,945,534 | 3,868,329 | 3,887,756 | 3,112,535 | 4,172,234 | 4,665,370 | 4,526,459 | 4,420,707 | |||
| Admin Expenses | 2,539,791 | 1,883,027 | 2,673,155 | 3,709,333 | 3,810,176 | 4,013,360 | 3,959,396 | 4,264,684 | 4,358,603 | 4,298,256 | 4,215,137 | |||
| Operating Profit | 763,718 | -314,652 | -1,110,780 | 236,201 | 58,153 | -125,604 | -846,861 | -92,450 | 306,767 | 228,203 | 175,634 | 522,599 | 312,543 | 205,570 |
| Interest Payable | 48,881 | 21,482 | 18,466 | 67,265 | 60,991 | 45,133 | 64,019 | 54,912 | 118,559 | 118,559 | 107,827 | 53,172 | 24,113 | 51,727 |
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | 714,837 | -336,134 | -1,129,246 | 168,936 | -2,838 | -170,737 | -910,880 | -145,577 | 250,916 | 152,897 | 134,114 | 469,427 | 241,460 | 97,288 |
| Tax | ||||||||||||||
| Profit After Tax | 714,837 | -336,134 | -1,129,246 | 168,936 | -2,838 | -170,737 | -910,880 | -145,577 | 250,916 | 152,897 | 134,114 | 469,427 | 241,460 | 97,288 |
| Dividends Paid | ||||||||||||||
| Retained Profit | 714,837 | -336,134 | -1,129,246 | 168,936 | -2,838 | -170,737 | -910,880 | -145,577 | 250,916 | 152,897 | 134,114 | 469,427 | 241,460 | 97,288 |
| Employee Costs | 1,186,254 | 1,554,603 | 1,932,962 | 2,505,728 | 2,227,053 | 2,464,619 | 2,004,367 | 2,338,977 | 2,233,476 | 2,187,015 | 2,096,794 | 2,078,365 | 2,049,632 | 2,078,323 |
| Number Of Employees | 60 | 67 | 86 | 97 | 80 | 92 | 79 | 79 | 83 | 84 | 80 | 80 | 82 | 84 |
| EBITDA* | 806,120 | -264,670 | -1,052,071 | 267,341 | 113,955 | -66,226 | -783,746 | -27,858 | 373,384 | 313,591 | 267,658 | 642,509 | 443,849 | 340,570 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 223,776 | 185,409 | 179,290 | 156,129 | 178,332 | 207,064 | 236,078 | 60,974 | 119,902 | 186,519 | 251,907 | 279,430 | 336,582 | 388,120 |
| Intangible Assets | ||||||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | 48,867 | 54,668 | ||||||||||||
| Total Fixed Assets | 272,643 | 240,077 | 179,290 | 156,129 | 178,332 | 207,064 | 236,078 | 60,974 | 119,902 | 186,519 | 251,907 | 279,430 | 336,582 | 388,120 |
| Stock & work in progress | 1,355,904 | 1,003,536 | 1,410,324 | 1,896,363 | 2,092,798 | 2,439,859 | 2,812,430 | 2,994,677 | 4,284,314 | 3,879,374 | 3,835,821 | 4,003,814 | 3,119,897 | 2,789,142 |
| Trade Debtors | 1,045,337 | 600,334 | 210,968 | 864,795 | 1,246,938 | 862,319 | 1,130,896 | 1,372,495 | 1,376,193 | 1,214,473 | 929,067 | 1,398,443 | 1,155,601 | 724,637 |
| Group Debtors | 1,371,544 | 690,616 | 1,494,293 | 1,327,815 | 1,357,552 | 246,483 | 26,771 | |||||||
| Misc Debtors | 188,072 | 67,283 | 177,004 | 409,050 | 732,364 | 403,940 | 502,291 | 439,784 | 781,307 | 835,528 | 822,471 | 612,441 | 771,576 | 553,444 |
| Cash | 79,492 | 19,925 | 393,705 | 23,528 | 598,604 | 867,511 | 135,144 | 326,204 | 97,819 | 140,821 | 65,043 | 212,354 | ||
| misc current assets | ||||||||||||||
| total current assets | 3,960,857 | 2,441,261 | 3,312,514 | 4,891,728 | 5,429,652 | 3,976,129 | 5,070,992 | 5,674,467 | 6,576,958 | 6,255,579 | 5,685,178 | 6,155,519 | 5,112,117 | 4,279,577 |
| total assets | 4,233,500 | 2,681,338 | 3,491,804 | 5,047,857 | 5,607,984 | 4,183,193 | 5,307,070 | 5,735,441 | 6,696,860 | 6,442,098 | 5,937,085 | 6,434,949 | 5,448,699 | 4,667,697 |
| Bank overdraft | 1,363,781 | 1,058,318 | 1,841,004 | 2,095,252 | 1,797,562 | 218,640 | 1,094,898 | 1,414,677 | 771,742 | 778,098 | 847,911 | 1,119,225 | 811,358 | 594,834 |
| Bank loan | 367,372 | 512,329 | ||||||||||||
| Trade Creditors | 1,049,172 | 633,862 | 470,804 | 1,000,423 | 1,366,226 | 1,374,893 | 1,683,801 | 1,146,041 | 1,509,130 | 1,492,137 | 1,304,252 | 1,675,000 | 1,348,945 | 685,943 |
| Group/Directors Accounts | 167,535 | 1,685,144 | 1,801,397 | 1,416,190 | 1,046,039 | 613,330 | 760,843 | 1,027,889 | 923,500 | 1,101,618 | 1,488,698 | |||
| other short term finances | 267,037 | 193,894 | 62,797 | 477,786 | 640,784 | 439,725 | 565,489 | 728,790 | 522,157 | 356,027 | ||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 543,252 | 331,284 | 455,797 | 440,846 | 277,454 | 504,886 | 303,405 | 245,727 | 332,361 | 223,945 | 212,706 | 307,011 | 245,992 | 198,896 |
| total current liabilities | 3,758,149 | 2,729,687 | 2,830,402 | 4,014,307 | 5,767,170 | 4,339,541 | 5,063,783 | 4,581,274 | 3,748,720 | 3,611,050 | 3,392,758 | 4,024,736 | 3,507,913 | 2,968,371 |
| loans | 1,214,498 | 1,407,281 | 1,780,898 | 1,023,800 | 133,824 | |||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 1,646 | |||||||||||||
| provisions | ||||||||||||||
| total long term liabilities | 1,216,144 | 1,407,281 | 1,780,898 | 1,023,800 | 133,824 | |||||||||
| total liabilities | 4,974,293 | 4,136,968 | 4,611,300 | 5,038,107 | 5,767,170 | 4,339,541 | 5,063,783 | 4,581,274 | 3,748,720 | 3,744,874 | 3,392,758 | 4,024,736 | 3,507,913 | 2,968,371 |
| net assets | -740,793 | -1,455,630 | -1,119,496 | 9,750 | -159,186 | -156,348 | 243,287 | 1,154,167 | 2,948,140 | 2,697,224 | 2,544,327 | 2,410,213 | 1,940,786 | 1,699,326 |
| total shareholders funds | -740,793 | -1,455,630 | -1,119,496 | 9,750 | -159,186 | -156,348 | 243,287 | 1,154,167 | 2,948,140 | 2,697,224 | 2,544,327 | 2,410,213 | 1,940,786 | 1,699,326 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 763,718 | -314,652 | -1,110,780 | 236,201 | 58,153 | -125,604 | -846,861 | -92,450 | 306,767 | 228,203 | 175,634 | 522,599 | 312,543 | 205,570 |
| Depreciation | 42,402 | 49,982 | 58,709 | 31,140 | 55,802 | 59,378 | 63,115 | 64,592 | 66,617 | 85,388 | 92,024 | 119,910 | 131,306 | 135,000 |
| Amortisation | ||||||||||||||
| Tax | ||||||||||||||
| Stock | 352,368 | -406,788 | -486,039 | -196,435 | -347,061 | -372,571 | -182,247 | -1,289,637 | 404,940 | 43,553 | -167,993 | 883,917 | 330,755 | 2,789,142 |
| Debtors | 1,240,919 | -469,364 | -719,395 | -735,194 | 1,824,112 | -147,216 | -152,321 | -345,221 | 107,499 | 298,463 | -259,346 | 83,707 | 649,096 | 1,278,081 |
| Creditors | 415,310 | 163,058 | -529,619 | -365,803 | -8,667 | -308,908 | 537,760 | -363,089 | 16,993 | 187,885 | -370,748 | 326,055 | 663,002 | 685,943 |
| Accruals and Deferred Income | 211,968 | -124,513 | 14,951 | 163,392 | -227,432 | 201,481 | 57,678 | -86,634 | 108,416 | 11,239 | -94,305 | 61,019 | 47,096 | 198,896 |
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | -159,889 | 650,027 | -361,305 | 996,559 | -1,599,195 | 346,134 | 146,260 | 1,157,277 | -13,646 | 170,699 | 229,944 | 61,959 | 174,096 | -2,841,814 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | -144,957 | 512,329 | ||||||||||||
| Group/Directors Accounts | 167,535 | -1,685,144 | -116,253 | 385,207 | 370,151 | 432,709 | -147,513 | -267,046 | 104,389 | -178,118 | -387,080 | 1,488,698 | ||
| Other Short Term Loans | 73,143 | 131,097 | -414,989 | -162,998 | 201,059 | -125,764 | -163,301 | 206,633 | 166,130 | 356,027 | ||||
| Long term loans | -192,783 | -373,617 | 757,098 | 1,023,800 | -133,824 | 133,824 | ||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | 1,646 | |||||||||||||
| share issue | ||||||||||||||
| interest | -48,881 | -21,482 | -18,466 | -67,265 | -60,991 | -45,133 | -64,019 | -54,912 | -118,559 | -118,559 | -107,827 | -53,172 | -24,113 | -51,727 |
| cash flow from financing | -144,297 | 248,327 | 323,643 | -891,607 | 23,815 | -14,588 | 142,831 | -1,063,966 | -233,766 | 104,246 | -3,438 | -231,290 | -411,193 | 3,039,009 |
| cash and cash equivalents | ||||||||||||||
| cash | -79,492 | 59,567 | -373,780 | 393,705 | -23,528 | -575,076 | -268,907 | 732,367 | -191,060 | 228,385 | -43,002 | 75,778 | -147,311 | 212,354 |
| overdraft | 305,463 | -782,686 | -254,248 | 297,690 | 1,578,922 | -876,258 | -319,779 | 642,935 | -6,356 | -69,813 | -271,314 | 307,867 | 216,524 | 594,834 |
| change in cash | -384,955 | 842,253 | -119,532 | 96,015 | -1,602,450 | 301,182 | 50,872 | 89,432 | -184,704 | 298,198 | 228,312 | -232,089 | -363,835 | -382,480 |
double two limited Credit Report and Business Information
Double Two Limited Competitor Analysis
Perform a competitor analysis for double two limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in WF1 area or any other competitors across 12 key performance metrics.
double two limited Ownership
DOUBLE TWO LIMITED group structure
Double Two Limited has no subsidiary companies.
Ultimate parent company
1 parent
DOUBLE TWO LIMITED
00540034
double two limited directors
Double Two Limited currently has 2 directors. The longest serving directors include Mr Richard Donner (Dec 1991) and Mr Richard Donner (Dec 1999).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Donner | 85 years | Dec 1991 | - | Director | |
| Mr Richard Donner | England | 58 years | Dec 1999 | - | Director |
P&L
December 2022turnover
9.3m
+87%
operating profit
763.7k
-343%
gross margin
35.5%
+12.38%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-740.8k
-0.49%
total assets
4.2m
+0.58%
cash
0
-1%
net assets
Total assets minus all liabilities
double two limited company details
company number
00540034
Type
Private limited with Share Capital
industry
46420 - Wholesale of clothing and footwear
14190 - Manufacture of other wearing apparel and accessories
47710 - Retail sale of clothing in specialised stores
incorporation date
November 1954
age
71
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
hawksclough mill co.,limited (December 1980)
accountant
-
auditor
ARMSTRONG WATSON AUDIT LIMITED
address
gate a double two portobello mil, thornes lane wharf, wakefield, west yorkshire, WF1 5RL
Bank
HSBC BANK PLC, HSBC BANK PLC
Legal Advisor
-
double two limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 9 charges/mortgages relating to double two limited. Currently there are 6 open charges and 3 have been satisfied in the past.
double two limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for DOUBLE TWO LIMITED. This can take several minutes, an email will notify you when this has completed.
double two limited Companies House Filings - See Documents
| date | description | view/download |
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