2468 Limited

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2468 limited Company Information

Live

MatureMidRapid

Company Number

03704860

Website

www.2468group.com

Registered Address

unit 9, easter court, europa boulevard, warrington, WA5 7ZB

Industry

Other food service activities

Telephone

01925711312

Next Accounts Due

September 2024

Group Structure

View All

Directors

Pete Smyth13 Years

Donal Garrihy13 Years

Shareholders

aqua filter holdings ltd 100%

2468 limited Estimated Valuation

£10m

Pomanda estimates the enterprise value of 2468 LIMITED at £10m based on an EBITDA of £1m and a 9.74x industry multiple (adjusted for size and gross margin).

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2468 Limited is a live company located in warrington, WA5 7ZB with a Companies House number of 03704860. It operates in the other food services sector, SIC Code 56290. Founded in January 1999, it's largest shareholder is aqua filter holdings ltd with a 100% stake. 2468 Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.6m with rapid growth in recent years.

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Pomanda's financial health check has awarded 2468 Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

7 Strong

0 Regular

5 Weak

Size

annual sales of £6.6m, make it larger than the average company (£2.8m)

Growth

3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (3.5%)

EXPORT

2468 Limited's latest turnover from December 2022 is £6.6 million and the company has net assets of -£3.5 million. According to their latest financial statements, 2468 Limited has 41 employees and maintains cash reserves of £399.3 thousand 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	6,571,931	5,839,027	13,109,723	2,911,927	29,732,597	23,844,210	15,888,629	5,505,028	14,636,232	11,914,211	9,116,906	875,225	398,779	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,040,240	1,232,675	9,760,272	713,319	21,860,237	16,993,842	11,238,022	4,070,713	11,044,872	8,950,954	6,925,082	617,603	280,204	0
Gross Profit	4,531,691	4,606,352	3,349,452	2,198,608	7,872,361	6,850,368	4,650,607	1,434,315	3,591,359	2,963,257	2,191,825	257,621	118,575	0
Admin Expenses	3,940,199	4,179,021	2,856,398	5,466,951	8,205,376	7,218,916	4,733,311	1,526,073	3,637,601	2,876,177	2,116,795	192,413	60,652	240,327
Operating Profit	591,492	427,331	493,054	-3,268,343	-333,015	-368,548	-82,704	-91,758	-46,242	87,080	75,030	65,208	57,923	-240,327
Interest Payable	161,204	107,795	196,394	147,961	0	0	23,750	24,700	0	0	1,408	4,299	2,891	0
Interest Receivable	0	0	719	0	347	169	114	265	874	786	91	126	208	113
Pre-Tax Profit	430,288	319,536	297,379	-3,416,304	-332,668	-368,379	-106,340	-116,193	-45,368	87,866	73,713	61,035	55,240	-240,214
Tax	-145,051	58,835	-56,502	0	0	0	0	0	0	-20,209	-17,691	-15,869	-15,467	0
Profit After Tax	285,237	378,371	240,877	-3,416,304	-332,668	-368,379	-106,340	-116,193	-45,368	67,657	56,022	45,166	39,773	-240,214
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	285,237	378,371	240,877	-3,416,304	-332,668	-368,379	-106,340	-116,193	-45,368	67,657	56,022	45,166	39,773	-240,214
Employee Costs	1,281,948	928,644	589,659	757,466	794,070	838,973	991,673	990,812	3,090,421	2,751,155	2,088,106	221,971	110,533	0
Number Of Employees	41	31	28	34	35	37	45	43	136	133	105	11	5	0
EBITDA*	1,026,644	692,101	737,454	-2,749,028	259,430	718,876	542,358	580,831	395,641	250,791	180,960	116,016	120,499	-168,480

* 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	1,921,383	1,222,700	679,580	665,737	408,293	496,390	716,944	681,451	701,678	509,229	384,936	70,071	108,051	132,262
Intangible Assets	0	0	0	0	691,989	1,449,194	860,790	1,093,962	1,268,909	138,017	13,332	0	0	0
Investments & Other	1,771,736	52,000	781,861	781,861	3,575,342	887,275	887,275	773,966	0	0	0	0	0	1,746
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	197,879	256,811	989,060	0	0	0
Total Fixed Assets	3,693,119	1,274,700	1,461,441	1,447,598	4,675,624	2,832,859	2,465,009	2,549,379	2,168,466	904,057	1,387,328	70,071	108,051	134,008
Stock & work in progress	216,385	198,425	162,786	118,488	17,761	61,572	88,187	174,690	294,747	201,045	127,045	8,929	8,599	9,664
Trade Debtors	806,587	0	2,969,743	645,758	3,953,470	3,389,041	1,749,716	846,794	944,336	946,158	0	164,519	69,910	70,482
Group Debtors	530,606	0	0	0	0	0	0	0	0	0	0	50,840	0	0
Misc Debtors	199,427	2,637,598	0	376,227	0	0	0	0	0	0	0	9,254	8,869	0
Cash	399,326	1,711,801	1,433,155	5,626	69,444	23,190	44,561	46,872	59,112	290,328	24,150	12,306	38,212	45,054
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,152,331	4,547,824	4,565,684	1,146,099	4,040,675	3,473,803	1,882,464	1,068,356	1,298,195	1,437,531	151,195	245,848	125,590	125,200
total assets	5,845,450	5,822,524	6,027,125	2,593,697	8,716,299	6,306,662	4,347,473	3,617,735	3,466,661	2,341,588	1,538,523	315,919	233,641	259,208
Bank overdraft	0	0	0	160,000	0	0	0	0	0	0	0	0	0	0
Bank loan	2,419,574	320,000	320,000	0	0	0	0	160,000	0	0	0	0	0	0
Trade Creditors	580,327	822,473	219,871	207,541	6,176,182	4,923,451	4,205,883	427,210	3,542,538	2,372,097	1,636,689	35,247	18,847	395,043
Group/Directors Accounts	3,604,809	4,182,513	5,043,819	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	40,000	0
hp & lease commitments	337,252	131,755	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	1,902,414	1,479,212	1,878,745	3,422,343	0	0	0	2,622,595	0	0	0	391,527	325,202	0
total current liabilities	8,844,376	6,935,953	7,462,435	3,789,884	6,176,182	4,923,451	4,205,883	3,209,805	3,542,538	2,372,097	1,636,689	426,774	384,049	395,043
loans	0	2,419,574	2,739,574	3,219,574	0	0	0	600,000	0	0	0	43,333	48,946	0
hp & lease commitments	444,058	263,510	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	3,539,574	2,050,000	440,000	0	0	0	0	0	0	100,089
provisions	68,292	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	512,350	2,683,084	2,739,574	3,219,574	3,539,574	2,050,000	440,000	600,000	0	0	0	43,333	48,946	100,089
total liabilities	9,356,726	9,619,037	10,202,009	7,009,458	9,715,756	6,973,451	4,645,883	3,809,805	3,542,538	2,372,097	1,636,689	470,107	432,995	495,132
net assets	-3,511,276	-3,796,513	-4,174,884	-4,415,761	-999,457	-666,789	-298,410	-192,070	-75,877	-30,509	-98,166	-154,188	-199,354	-235,924
total shareholders funds	-3,511,276	-3,796,513	-4,174,884	-4,415,761	-999,457	-666,789	-298,410	-192,070	-75,877	-30,509	-98,166	-154,188	-199,354	-235,924

	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	591,492	427,331	493,054	-3,268,343	-333,015	-368,548	-82,704	-91,758	-46,242	87,080	75,030	65,208	57,923	-240,327
Depreciation	435,152	264,770	244,400	249,315	237,491	321,567	377,739	342,606	236,171	160,507	103,262	50,808	62,576	71,847
Amortisation	0	0	0	270,000	354,954	765,857	247,323	329,983	205,712	3,204	2,668	0	0	0
Tax	-145,051	58,835	-56,502	0	0	0	0	0	0	-20,209	-17,691	-15,869	-15,467	0
Stock	17,960	35,639	44,298	100,727	-43,811	-26,615	-86,503	-120,057	93,702	74,000	118,116	330	-1,065	9,664
Debtors	-1,100,978	-332,145	1,947,758	-2,931,485	564,429	1,639,325	902,922	-295,421	-60,754	213,909	764,447	145,834	8,297	70,482
Creditors	-242,146	602,602	12,330	-5,968,641	1,252,731	717,568	3,778,673	-3,115,328	1,170,441	735,408	1,601,442	16,400	-376,196	395,043
Accruals and Deferred Income	423,202	-399,533	-1,543,598	3,422,343	0	0	-2,622,595	2,622,595	0	0	-391,527	66,325	325,202	0
Deferred Taxes & Provisions	68,292	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	2,213,959	1,250,511	-2,842,372	-2,464,568	991,543	-176,266	882,017	503,576	1,533,134	678,081	490,621	36,708	46,806	146,417
Investing Activities
capital expenditure	-1,133,835	-807,890	-258,243	-84,770	252,857	-1,455,274	-427,383	-477,415	-1,765,224	-412,689	-434,127	-12,828	-38,365	-204,109
Change in Investments	1,719,736	-729,861	0	-2,793,481	2,688,067	0	113,309	773,966	0	0	0	0	-1,746	1,746
cash flow from investments	-2,853,571	-78,029	-258,243	2,708,711	-2,435,210	-1,455,274	-540,692	-1,251,381	-1,765,224	-412,689	-434,127	-12,828	-36,619	-205,855
Financing Activities
Bank loans	2,099,574	0	320,000	0	0	0	-160,000	160,000	0	0	0	0	0	0
Group/Directors Accounts	-577,704	-861,306	5,043,819	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	-40,000	40,000	0
Long term loans	-2,419,574	-320,000	-480,000	3,219,574	0	0	-600,000	600,000	0	0	-43,333	-5,613	48,946	0
Hire Purchase and Lease Commitments	386,045	395,265	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	-3,539,574	1,489,574	1,610,000	440,000	0	0	0	0	0	-100,089	100,089
share issue	0	0	0	0	0	0	0	0	0	0	0	0	-3,203	4,290
interest	-161,204	-107,795	-195,675	-147,961	347	169	-23,636	-24,435	874	786	-1,317	-4,173	-2,683	113
cash flow from financing	-672,863	-893,836	4,688,144	-467,961	1,489,921	1,610,169	-343,636	735,565	874	786	-44,650	-49,786	-17,029	104,492
cash and cash equivalents
cash	-1,312,475	278,646	1,427,529	-63,818	46,254	-21,371	-2,311	-12,240	-231,216	266,178	11,844	-25,906	-6,842	45,054
overdraft	0	0	-160,000	160,000	0	0	0	0	0	0	0	0	0	0
change in cash	-1,312,475	278,646	1,587,529	-223,818	46,254	-21,371	-2,311	-12,240	-231,216	266,178	11,844	-25,906	-6,842	45,054

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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2468 LIMITED group structure

2468 Limited has 6 subsidiary companies.

Ultimate parent company

BROADLAKE CAPITAL LIMITED

IE467386

AQUA FILTER HOLDINGS LIMITED

IE499722

2 parents

2468 LIMITED

03704860

6 subsidiaries

LANCASHIRE BEVERAGE SUPPLIES LIMITED

03292232

AQUALICITY LIMITED

04947789

VSL RUDEFOOD LIMITED

14025442

THE COOLER WATER COMPANY LIMITED

05777329

LAYTON FERN & CO. LIMITED

00516869

NEWLANDS COFFEE LIMITED

07476611

2468 LIMITED Shareholders

aqua filter holdings ltd

100%

2468 Limited currently has 2 directors. The longest serving directors include Mr Pete Smyth (Jun 2011) and Mr Donal Garrihy (Jun 2011).

officer	country	age	start	end	role
Mr Pete Smyth	Ireland	49 years	Jun 2011	-	Director
Mr Donal Garrihy		56 years	Jun 2011	-	Director

P&L

December 2022

turnover

6.6m

+13%

operating profit

591.5k

+38%

gross margin

69%

-12.59%

turnover

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

Balance Sheet

December 2022

net assets

-3.5m

-0.08%

total assets

5.8m

cash

399.3k

-0.77%

net assets

Total assets minus all liabilities

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company number

03704860

Type

Private limited with Share Capital

industry

56290 - Other food service activities

incorporation date

January 1999

accounts

Small Company

ultimate parent company

BROADLAKE CAPITAL LIMITED

previous names

aqua filter limited (February 2012)

last accounts submitted

December 2022

address

unit 9, easter court, europa boulevard, warrington, WA5 7ZB

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 6 charges/mortgages relating to 2468 limited. Currently there are 3 open charges and 3 have been satisfied in the past.

2468 limited Company Information

2468 limited Estimated Valuation

2468 limited Estimated Valuation

2468 limited Estimated Valuation

2468 Limited Overview

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2468 LIMITED financials

2468 limited Credit Report and Business Information

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