twin
twin Company Information
Company Number
01900520
Next Accounts
Feb 2025
Shareholders
-
Group Structure
View All
Industry
Activities of other membership organisations n.e.c.
Registered Address
2nd floor 110 cannon street, london, EC4N 6EU
Website
twin.org.uktwin Estimated Valuation
Pomanda estimates the enterprise value of TWIN at £13.4m based on a Turnover of £11m and 1.22x industry multiple (adjusted for size and gross margin).
twin Estimated Valuation
Pomanda estimates the enterprise value of TWIN at £0 based on an EBITDA of £-1.3m and a 8.2x industry multiple (adjusted for size and gross margin).
twin Estimated Valuation
Pomanda estimates the enterprise value of TWIN at £4.8m based on Net Assets of £2.1m and 2.28x industry multiple (adjusted for liquidity).
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Twin Overview
Twin is a dissolved company that was located in london, EC4N 6EU with a Companies House number of 01900520. It operated in the activities of other membership organizations n.e.c. sector, SIC Code 94990. Founded in March 1985, it's largest shareholder was unknown. The last turnover for Twin was estimated at £11m.
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Twin Health Check
Pomanda's financial health check has awarded Twin a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
7 Weak
Size
annual sales of £11m, make it larger than the average company (£324.2k)
£11m - Twin
£324.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (2.8%)
-3% - Twin
2.8% - Industry AVG
Production
with a gross margin of 93.4%, this company has a comparable cost of product (93.4%)
93.4% - Twin
93.4% - Industry AVG
Profitability
an operating margin of -12% make it less profitable than the average company (1.8%)
-12% - Twin
1.8% - Industry AVG
Employees
with 22 employees, this is above the industry average (10)
22 - Twin
10 - Industry AVG
Pay Structure
on an average salary of £46.4k, the company has a higher pay structure (£22.5k)
£46.4k - Twin
£22.5k - Industry AVG
Efficiency
resulting in sales per employee of £498.1k, this is more efficient (£43.8k)
£498.1k - Twin
£43.8k - Industry AVG
Debtor Days
it gets paid by customers after 49 days, this is later than average (14 days)
49 days - Twin
14 days - Industry AVG
Creditor Days
its suppliers are paid after 296 days, this is slower than average (32 days)
296 days - Twin
32 days - Industry AVG
Stock Days
it holds stock equivalent to 308 days, this is more than average (21 days)
308 days - Twin
21 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is less cash available to meet short term requirements (152 weeks)
15 weeks - Twin
152 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 61.4%, this is a higher level of debt than the average (20.1%)
61.4% - Twin
20.1% - Industry AVG
TWIN financials
Twin's latest turnover from March 2018 is £11 million and the company has net assets of £2.1 million. According to their latest financial statements, Twin has 22 employees and maintains cash reserves of £701.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 10,958,487 | 13,456,675 | 12,344,899 | 12,135,505 | 9,866,909 | 11,807,557 | 19,767,910 | 11,168,710 | 9,465,518 |
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | 233,769 | 210,262 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 4,185 | 7,533 | 9,484 | 39,038 | 10,914 | 0 |
| Pre-Tax Profit | -1,493,219 | 40,616 | 1,721,967 | -252,674 | -249,379 | 18,783 | -200,238 | 560,460 | 20,563 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -1,493,219 | 40,616 | 1,721,967 | -252,674 | -249,379 | 18,783 | -200,238 | 560,460 | 20,563 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,493,219 | 40,616 | 1,721,967 | -252,674 | -249,379 | 18,783 | -200,238 | 560,460 | 20,563 |
| Employee Costs | 1,020,262 | 844,869 | 649,343 | 749,688 | 665,212 | 667,611 | 646,753 | 567,270 | 661,108 |
| Number Of Employees | 22 | 22 | 15 | 16 | 16 | 19 | 19 | 16 | 18 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 68,575 | 70,575 | 31,626 | 34,736 | 61,499 | 62,875 | 8,380 | 1,192 | 2,382 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,158,362 | 1,266,000 | 1,132,106 | 1,378,431 | 1,176,887 | 1,078,238 | 632,668 | 441,019 | 474,979 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 18,000 | 36,000 | 54,000 | 243,055 | 243,055 |
| Total Fixed Assets | 1,226,937 | 1,336,575 | 1,163,732 | 1,413,167 | 1,256,386 | 1,177,113 | 695,048 | 685,266 | 720,416 |
| Stock & work in progress | 612,100 | 743,968 | 1,114,259 | 1,769,636 | 944,418 | 1,076,574 | 2,164,805 | 963,356 | 189,902 |
| Trade Debtors | 1,489,683 | 1,414,773 | 930,080 | 1,508,659 | 1,394,370 | 883,052 | 1,947,242 | 677,559 | 750,262 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,401,107 | 2,262,457 | 2,171,501 | 710,306 | 516,838 | 232,233 | 125,139 | 109,514 | 169,028 |
| Cash | 701,125 | 1,807,242 | 1,244,171 | 893,850 | 333,637 | 1,052,541 | 666,306 | 554,063 | 475,401 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,204,015 | 6,228,440 | 5,460,011 | 4,882,451 | 3,189,263 | 3,244,400 | 4,903,492 | 2,304,492 | 1,584,593 |
| total assets | 5,430,952 | 7,565,015 | 6,623,743 | 6,295,618 | 4,445,649 | 4,421,513 | 5,598,540 | 2,989,758 | 2,305,009 |
| Bank overdraft | 7,614 | 0 | 2,390,039 | 2,780,723 | 1,710,773 | 1,680,107 | 2,119,438 | 690,121 | 172,247 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 588,296 | 453,760 | 318,058 | 1,226,849 | 737,745 | 394,127 | 1,321,365 | 213,384 | 274,439 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 1,504,717 | 3,075,904 | 18,835 | 18,263 | 18,171 | 17,246 | 21,766 | 21,766 | 58,993 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 199,455 | 378,734 | 414,706 | 666,850 | 324,897 | 332,646 | 563,695 | 359,648 | 652,878 |
| total current liabilities | 2,300,082 | 3,908,398 | 3,141,638 | 4,692,685 | 2,791,586 | 2,424,126 | 4,026,264 | 1,284,919 | 1,158,557 |
| loans | 1,032,955 | 0 | 0 | 0 | 0 | 0 | 39,242 | 63,216 | 87,685 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,032,955 | 0 | 0 | 0 | 0 | 0 | 39,242 | 63,216 | 87,685 |
| total liabilities | 3,333,037 | 3,908,398 | 3,141,638 | 4,692,685 | 2,791,586 | 2,424,126 | 4,065,506 | 1,348,135 | 1,246,242 |
| net assets | 2,097,915 | 3,656,617 | 3,482,105 | 1,602,933 | 1,654,063 | 1,997,387 | 1,533,034 | 1,641,623 | 1,058,767 |
| total shareholders funds | 2,097,915 | 3,656,617 | 3,482,105 | 1,602,933 | 1,654,063 | 1,997,387 | 1,533,034 | 1,641,623 | 1,058,767 |
| Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 24,612 | 14,122 | 31,679 | 27,147 | 27,703 | 5,145 | 2,298 | 2,773 | 11,100 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | -131,868 | -370,291 | -655,377 | 825,218 | -132,156 | -1,088,231 | 1,201,449 | 773,454 | 189,902 |
| Debtors | -786,440 | 575,649 | 882,616 | 289,757 | 777,923 | -975,096 | 1,096,253 | -132,217 | 1,162,345 |
| Creditors | 134,536 | 135,702 | -908,791 | 489,104 | 343,618 | -927,238 | 1,107,981 | -61,055 | 274,439 |
| Accruals and Deferred Income | -179,279 | -35,972 | -252,144 | 341,953 | -7,749 | -231,049 | 204,047 | -293,230 | 652,878 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | 19,544 | 15,085 | -28,569 | 0 | 0 | -59,640 | -109,486 | ||
| Change in Investments | -107,638 | 133,894 | -246,325 | 201,544 | 98,649 | 445,570 | 191,649 | -33,960 | 474,979 |
| cash flow from investments | 127,182 | -118,809 | 217,756 | -201,544 | -98,649 | -505,210 | -301,135 | ||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -1,571,187 | 3,057,069 | 572 | 92 | 925 | -4,520 | 0 | -37,227 | 58,993 |
| Long term loans | 1,032,955 | 0 | 0 | 0 | 0 | -39,242 | -23,974 | -24,469 | 87,685 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | -233,769 | -210,262 | 0 | 4,185 | 7,533 | 9,484 | 39,038 | 10,914 | 0 |
| cash flow from financing | -837,484 | 2,980,703 | 157,777 | 205,821 | -85,487 | 411,292 | 106,713 | -28,386 | 1,184,882 |
| cash and cash equivalents | |||||||||
| cash | -1,106,117 | 563,071 | 350,321 | 560,213 | -718,904 | 386,235 | 112,243 | 78,662 | 475,401 |
| overdraft | 7,614 | -2,390,039 | -390,684 | 1,069,950 | 30,666 | -439,331 | 1,429,317 | 517,874 | 172,247 |
| change in cash | -1,113,731 | 2,953,110 | 741,005 | -509,737 | -749,570 | 825,566 | -1,317,074 | -439,212 | 303,154 |
twin Credit Report and Business Information
Twin Competitor Analysis
Perform a competitor analysis for twin by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other undefined companies, companies in EC4N area or any other competitors across 12 key performance metrics.
twin Ownership
TWIN group structure
Twin has no subsidiary companies.
Ultimate parent company
TWIN
01900520
twin directors
Twin currently has 7 directors. The longest serving directors include Mr Harrison Kalua (Mar 2014) and Mr Ian Finlayson (Apr 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Harrison Kalua | 67 years | Mar 2014 | - | Director | |
| Mr Ian Finlayson | 61 years | Apr 2016 | - | Director | |
| Ms Sally Smith | 55 years | Apr 2016 | - | Director | |
| Mr David McCullough | Scotland | 65 years | Mar 2017 | - | Director |
| Ms Camilla Toulmin | 70 years | Mar 2017 | - | Director | |
| Mr Stephen Tricks | United Kingdom | 67 years | Mar 2019 | - | Director |
| Ms Susan Tissiman | 35 years | Mar 2019 | - | Director |
P&L
March 2018turnover
11m
-19%
operating profit
-1.3m
0%
gross margin
93.4%
+3.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2018net assets
2.1m
-0.43%
total assets
5.4m
-0.28%
cash
701.1k
-0.61%
net assets
Total assets minus all liabilities
twin company details
company number
01900520
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
94990 - Activities of other membership organisations n.e.c.
incorporation date
March 1985
age
40
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2018
previous names
twin ltd. (February 1997)
third world information network limited (February 1993)
accountant
-
auditor
-
address
2nd floor 110 cannon street, london, EC4N 6EU
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
twin 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 3 charges/mortgages relating to twin. Currently there are 0 open charges and 3 have been satisfied in the past.
twin 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.
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twin Companies House Filings - See Documents
| date | description | view/download |
|---|
