2cv limited

2cv limited Company Information

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Company Number

03195457

Industry

Market research and public opinion polling

 

Directors

Alison Drake

Mark Scott

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Shareholders

dta group limited

Group Structure

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Contact

Registered Address

12 flitcroft street, london, WC2H 8DL

2cv limited Estimated Valuation

£6.2m

Pomanda estimates the enterprise value of 2CV LIMITED at £6.2m based on a Turnover of £9.8m and 0.63x industry multiple (adjusted for size and gross margin).

2cv limited Estimated Valuation

£430.2k

Pomanda estimates the enterprise value of 2CV LIMITED at £430.2k based on an EBITDA of £107.5k and a 4x industry multiple (adjusted for size and gross margin).

2cv limited Estimated Valuation

£2.8m

Pomanda estimates the enterprise value of 2CV LIMITED at £2.8m based on Net Assets of £1.5m and 1.84x industry multiple (adjusted for liquidity).

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2cv Limited Overview

2cv Limited is a live company located in london, WC2H 8DL with a Companies House number of 03195457. It operates in the market research and public opinion polling sector, SIC Code 73200. Founded in May 1996, it's largest shareholder is dta group limited with a 100% stake. 2cv Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.8m with healthy growth in recent years.

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2cv Limited Health Check

Pomanda's financial health check has awarded 2Cv Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

5 Regular

positive_score

3 Weak

size

Size

annual sales of £9.8m, make it in line with the average company (£9.5m)

£9.8m - 2cv Limited

£9.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (6.2%)

7% - 2cv Limited

6.2% - Industry AVG

production

Production

with a gross margin of 69.1%, this company has a comparable cost of product (60%)

69.1% - 2cv Limited

60% - Industry AVG

profitability

Profitability

an operating margin of -0.5% make it less profitable than the average company (6%)

-0.5% - 2cv Limited

6% - Industry AVG

employees

Employees

with 94 employees, this is above the industry average (59)

94 - 2cv Limited

59 - Industry AVG

paystructure

Pay Structure

on an average salary of £64.1k, the company has an equivalent pay structure (£65k)

£64.1k - 2cv Limited

£65k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £104.5k, this is less efficient (£152.2k)

£104.5k - 2cv Limited

£152.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 58 days, this is near the average (67 days)

58 days - 2cv Limited

67 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 157 days, this is slower than average (32 days)

157 days - 2cv Limited

32 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - 2cv Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (12 weeks)

8 weeks - 2cv Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 52.4%, this is a lower level of debt than the average (61.4%)

52.4% - 2cv Limited

61.4% - Industry AVG

2CV LIMITED financials

EXPORTms excel logo

2Cv Limited's latest turnover from December 2023 is £9.8 million and the company has net assets of £1.5 million. According to their latest financial statements, 2Cv Limited has 94 employees and maintains cash reserves of £287 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover9,824,16010,452,70911,038,9038,067,0539,419,8648,827,86910,635,95211,227,6239,865,08711,358,63810,103,2629,998,56111,223,8669,489,8699,330,402
Other Income Or Grants000000000000000
Cost Of Sales3,032,3542,930,1183,617,9273,522,1872,862,7012,456,4213,154,0963,879,6322,959,1534,177,6962,964,7783,283,1563,842,6103,001,1533,118,286
Gross Profit6,791,8067,522,5917,420,9764,544,8666,557,1636,371,4487,481,8567,347,9916,905,9347,180,9427,138,4846,715,4057,381,2566,488,7166,212,116
Admin Expenses6,843,6847,173,0376,910,3224,503,8856,278,1816,086,3117,060,6886,056,5646,447,8056,775,9616,605,8465,526,0206,760,7985,424,6335,416,218
Operating Profit-51,878349,554510,65440,981278,982285,137421,1681,291,427458,129404,981532,6381,189,385620,4581,064,083795,898
Interest Payable4,15810,03939,13331,72839,2302,3293,8622,0583,4232,1432,4122,4564,6224,7310
Interest Receivable150,000793,936023,22119,48235,5993035,49729,9261,78437,51221,6049,9679,82618,161
Pre-Tax Profit93,9641,133,451485,64432,474259,234318,407417,3361,324,866484,632404,622567,7381,208,533625,8031,069,178814,059
Tax-3,364-1,870-130,453-3,909-54,805-54,873-67,458-283,057-136,626-89,297-180,085-51,910-175,160-316,14351,221
Profit After Tax90,6001,131,581355,19128,565204,429263,534349,8781,041,809348,006315,325387,6531,156,623450,643753,035865,280
Dividends Paid275,0001,400,000750,0001,000,0001,000,00001,200,000900,000001,700,000000500,000
Retained Profit-184,400-268,419-394,809-971,435-795,571263,534-850,122141,809348,006315,325-1,312,3471,156,623450,643753,035365,280
Employee Costs6,028,0605,754,5025,455,1673,865,2994,362,5104,311,3324,679,3994,304,1994,441,5484,541,3714,348,8164,354,5204,787,1774,010,9573,541,142
Number Of Employees949475687073817779877881877671
EBITDA*107,542769,309619,964549,969511,974389,141523,3631,394,230577,297560,327701,6791,377,944742,1161,163,992864,717

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets123,831151,931897,3781,193,1771,962,094250,471177,820216,360245,884311,188204,337309,921275,788196,936154,755
Intangible Assets0395,2570000000000000
Investments & Other873873873873873873873873873873505033,13862,68862,688
Debtors (Due After 1 year)00302,138302,138302,138302,138000000000
Total Fixed Assets124,704548,0611,200,3891,496,1882,265,105553,482178,693217,233246,757312,061204,387309,971308,926259,624217,443
Stock & work in progress000000000000000
Trade Debtors1,568,5811,196,0431,337,5481,489,5291,268,2312,330,5112,489,6213,054,6961,972,9992,258,8392,546,9871,717,8501,577,6311,937,8371,731,465
Group Debtors1,001,797414,638665,2951,138,3162,207,7032,305,8491,173,2272,048,3931,897,151808,1761,402,3452,035,939912,926565,418330,919
Misc Debtors186,078483,432542,030196,619289,181815,7041,071,1981,161,958568,1271,348,074752,787719,966890,7781,032,261635,869
Cash286,9731,282,8111,098,878640,38300479,4221,051,0491,103,2011,606,126846,8591,215,4531,697,6041,517,770762,339
misc current assets3,03000000000000000
total current assets3,046,4593,376,9243,643,7513,464,8473,765,1155,452,0645,213,4687,316,0965,541,4786,021,2155,548,9785,689,2085,078,9395,053,2863,460,592
total assets3,171,1633,924,9854,844,1404,961,0356,030,2206,005,5465,392,1617,533,3295,788,2356,333,2765,753,3655,999,1795,387,8655,312,9103,678,035
Bank overdraft0000307,019425,697000000000
Bank loan000000000000000
Trade Creditors 1,305,2951,465,6581,605,129330,203214,995262,770511,053788,503533,512797,063443,686499,364672,101495,467535,493
Group/Directors Accounts00085,49538,420112,292129,160475,58298,395319,60378,28054,522000
other short term finances000000000000000
hp & lease commitments0325,509302,419315,065413,66611,22113,90613,91713,92213,92200000
other current liabilities357,640341,1901,157,3001,729,4241,014,0141,704,9251,536,5412,194,1491,229,6721,630,5762,100,3831,018,5551,453,6761,731,160964,538
total current liabilities1,662,9352,132,3573,064,8482,460,1871,988,1142,516,9052,190,6603,472,1511,875,5012,761,1642,622,3491,572,4412,125,7772,226,6271,500,031
loans000000000000000
hp & lease commitments00365,928692,6751,302,22230,3343,49517,40631,32353,23600000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions0100,000100,000100,00074,0000000000000
total long term liabilities0100,000465,928792,6751,376,22230,3343,49517,40631,32353,23600000
total liabilities1,662,9352,232,3573,530,7763,252,8623,364,3362,547,2392,194,1553,489,5571,906,8242,814,4002,622,3491,572,4412,125,7772,226,6271,500,031
net assets1,508,2281,692,6281,313,3641,708,1732,665,8843,458,3073,198,0064,043,7723,881,4113,518,8763,131,0164,426,7383,262,0883,086,2832,178,004
total shareholders funds1,508,2281,692,6281,313,3641,708,1732,665,8843,458,3073,198,0064,043,7723,881,4113,518,8763,131,0164,426,7383,262,0883,086,2832,178,004
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-51,878349,554510,65440,981278,982285,137421,1681,291,427458,129404,981532,6381,189,385620,4581,064,083795,898
Depreciation109,140419,755109,310508,988232,992104,004102,195102,803119,168155,346169,041188,559121,65899,90968,819
Amortisation50,28000000000000000
Tax-3,364-1,870-130,453-3,909-54,805-54,873-67,458-283,057-136,626-89,297-180,085-51,910-175,160-316,14351,221
Stock000000000000000
Debtors662,343-752,898-279,591-940,651-1,686,9491,020,156-1,531,0011,826,77023,188-287,030228,3641,092,420-154,181837,2632,698,253
Creditors-160,363-139,4711,274,926115,208-47,775-248,283-277,450254,991-263,551353,377-55,678-172,737176,634-40,026535,493
Accruals and Deferred Income16,450-816,110-572,124715,410-690,911168,384-657,608964,477-400,904-469,8071,081,828-435,121-277,484766,622964,538
Deferred Taxes & Provisions-100,0000026,00074,0000000000000
Cash flow from operations-802,078564,7561,471,9042,343,3291,479,432-765,7871,051,848503,871-246,972641,6301,319,380-374,244620,287737,182-282,284
Investing Activities
capital expenditure263,937-69,565186,489259,929-1,944,615-176,655-63,655-73,279-53,864-262,197-63,457-222,692-200,510-142,090-223,574
Change in Investments0000000008230-33,088-29,550062,688
cash flow from investments263,937-69,565186,489259,929-1,944,615-176,655-63,655-73,279-53,864-263,020-63,457-189,604-170,960-142,090-286,262
Financing Activities
Bank loans000000000000000
Group/Directors Accounts00-85,49547,075-73,872-16,868-346,422377,187-221,208241,32323,75854,522000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments-325,509-342,838-339,393-708,1481,674,33324,154-13,922-13,922-21,91367,15800000
other long term liabilities000000000000000
share issue0647,683013,7243,148-3,2334,35620,55214,52972,53516,6258,027-274,838155,2441,812,724
interest145,842783,897-39,133-8,507-19,74833,270-3,83233,43926,503-35935,10019,1485,3455,09518,161
cash flow from financing-179,6671,088,742-464,021-655,8561,583,86137,323-359,820417,256-202,089380,65775,48381,697-269,493160,3391,830,885
cash and cash equivalents
cash-995,838183,933458,495640,3830-479,422-571,627-52,152-502,925759,267-368,594-482,151179,834755,431762,339
overdraft000-307,019-118,678425,697000000000
change in cash-995,838183,933458,495947,402118,678-905,119-571,627-52,152-502,925759,267-368,594-482,151179,834755,431762,339

2cv limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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2cv Limited Competitor Analysis

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Perform a competitor analysis for 2cv limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in WC2H area or any other competitors across 12 key performance metrics.

2cv limited Ownership

2CV LIMITED group structure

2Cv Limited has no subsidiary companies.

Ultimate parent company

2 parents

2CV LIMITED

03195457

2CV LIMITED Shareholders

dta group limited 100%

2cv limited directors

2Cv Limited currently has 4 directors. The longest serving directors include Mrs Alison Drake (Jul 2020) and Mr Mark Scott (Jan 2022).

officercountryagestartendrole
Mrs Alison DrakeEngland58 years Jul 2020- Director
Mr Mark ScottUnited Kingdom59 years Jan 2022- Director
Mr Paul GaskellUnited Kingdom48 years Apr 2024- Director
Sabine Cronick45 years Apr 2024- Director

P&L

December 2023

turnover

9.8m

-6%

operating profit

-51.9k

-115%

gross margin

69.2%

-3.94%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

1.5m

-0.11%

total assets

3.2m

-0.19%

cash

287k

-0.78%

net assets

Total assets minus all liabilities

2cv limited company details

company number

03195457

Type

Private limited with Share Capital

industry

73200 - Market research and public opinion polling

incorporation date

May 1996

age

29

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

MOORE KINGSTON SMITH LLP

address

12 flitcroft street, london, WC2H 8DL

Bank

THE ROYAL BANK OF SCOTLAND PLC

Legal Advisor

-

2cv 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 7 charges/mortgages relating to 2cv limited. Currently there are 2 open charges and 5 have been satisfied in the past.

2cv 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.

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2cv limited Companies House Filings - See Documents

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