2 Simple Limited

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2 simple limited Company Information

Company Number

03843465

Next Accounts

Jun 2025

Directors

Nigel Canin

Shareholders

2 simple (holdings) limited

Group Structure

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Industry

Other information technology and computer service activities

Registered Address

188 brent street, london, NW4 1BE

Website

www.2simple.com

2 simple limited Estimated Valuation

£47.9m

Pomanda estimates the enterprise value of 2 SIMPLE LIMITED at £47.9m based on a Turnover of £35.5m and 1.35x industry multiple (adjusted for size and gross margin).

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2 Simple Limited is a live company located in london, NW4 1BE with a Companies House number of 03843465. It operates in the other information technology service activities sector, SIC Code 62090. Founded in September 1999, it's largest shareholder is 2 simple (holdings) limited with a 100% stake. 2 Simple Limited is a mature, large sized company, Pomanda has estimated its turnover at £35.5m with high growth in recent years.

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Pomanda's financial health check has awarded 2 Simple Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £35.5m, make it larger than the average company (£6.9m)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (6.8%)

EXPORT

2 Simple Limited's latest turnover from September 2023 is estimated at £35.5 million and the company has net assets of £2.5 million. According to their latest financial statements, 2 Simple Limited has 36 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	35,453,567	32,018,611	26,747,103	23,081,992	18,813,684	5,495,937	5,441,805	21,047,811	19,471,177	11,851,023	7,687,840	3,439,081	4,158,440	4,986,712
Other Income Or Grants
Cost Of Sales	17,666,295	15,436,557	13,117,594	11,114,021	8,959,396	2,558,395	2,556,398	9,591,320	9,143,426	5,567,813	3,579,927	1,612,465	1,939,212	2,269,147
Gross Profit	17,787,272	16,582,054	13,629,509	11,967,971	9,854,289	2,937,542	2,885,407	11,456,491	10,327,751	6,283,210	4,107,913	1,826,616	2,219,228	2,717,565
Admin Expenses	18,364,037	15,246,280	12,652,472	10,564,130	10,162,980	3,384,306	2,098,299	11,430,384	10,407,909	6,181,082	4,423,006	1,310,141	2,211,268	2,901,012	-215,872
Operating Profit	-576,765	1,335,774	977,037	1,403,841	-308,691	-446,764	787,108	26,107	-80,158	102,128	-315,093	516,475	7,960	-183,447	215,872
Interest Payable
Interest Receivable	59,617	38,995	1,861	915	3,655	4,028	3,595	6,824	14,083	7,680	1,839	586	555	2,636	2,341
Pre-Tax Profit	-517,148	1,374,769	978,898	1,404,756	-305,036	-442,736	790,702	32,931	-66,075	109,808	-313,254	517,062	8,515	-180,811	218,213
Tax		-261,206	-185,991	-266,904			-150,233	-6,586		-23,060		-124,095	-2,214		-61,099
Profit After Tax	-517,148	1,113,563	792,907	1,137,852	-305,036	-442,736	640,469	26,345	-66,075	86,748	-313,254	392,967	6,301	-180,811	157,113
Dividends Paid
Retained Profit	-517,148	1,113,563	792,907	1,137,852	-305,036	-442,736	640,469	26,345	-66,075	86,748	-313,254	392,967	6,301	-180,811	157,113
Employee Costs	2,574,212	2,557,778	2,679,156	3,989,402	3,774,800	3,520,059	3,382,948	3,016,328	7,019,594	4,114,564	2,620,518	1,225,523	1,423,267	1,778,872
Number Of Employees	36	38	42	67	63	61	61	56	130	77	52	24	29	37
EBITDA*	-560,365	1,355,679	999,584	1,463,124	-230,054	-373,102	838,237	72,577	-43,928	138,948	-274,999	553,945	50,507	-152,840	249,873

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	27,462	32,156	43,722	25,614	52,165	60,564	89,021	91,123	51,961	54,227	63,798	53,476	66,309	88,414	102,814
Intangible Assets	21,600	28,800	37,139	4,937	29,334	53,731	78,127	85,382	103,000	123,600	144,200	164,800	185,400	206,000	206,750
Investments & Other							14,290	32,864
Debtors (Due After 1 year)
Total Fixed Assets	49,062	60,956	80,861	30,551	81,499	114,295	181,438	209,369	154,961	177,827	207,998	218,276	251,709	294,414	309,564
Stock & work in progress
Trade Debtors	8,459,155	7,998,893	6,135,476	5,020,870	4,310,707	766,016	790,536	4,506,184	3,132,702	1,899,642	1,213,084	539,805	610,500	733,107	460,310
Group Debtors						82,506	7,083
Misc Debtors						3,242,770	2,583,692
Cash	1,180,902	1,090,240	2,375,954	1,345,381	483,668	491,095	582,944	2,292,729	3,166,317	2,466,916	604,909	130,759	103,829	118,194	936,377
misc current assets
total current assets	9,640,057	9,089,133	8,511,430	6,366,251	4,794,375	4,582,387	3,964,255	6,798,913	6,299,019	4,366,558	1,817,993	670,564	714,329	851,301	1,396,687
total assets	9,689,119	9,150,089	8,592,291	6,396,802	4,875,874	4,696,682	4,145,693	7,008,282	6,453,980	4,544,385	2,025,991	888,840	966,038	1,145,715	1,706,251
Bank overdraft
Bank loan
Trade Creditors	5,292,458	4,514,394	4,841,843	3,568,837	2,456,807	72,945	72,667	4,332,022	3,850,065	2,630,558	1,430,796	492,952	879,617	1,169,411	1,549,136
Group/Directors Accounts						9,700	2,611
other short term finances
hp & lease commitments
other current liabilities						3,281,232	2,033,963
total current liabilities	5,292,458	4,514,394	4,841,843	3,568,837	2,456,807	3,363,877	2,109,241	4,332,022	3,850,065	2,630,558	1,430,796	492,952	879,617	1,169,411	1,549,136
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities	1,866,456	1,588,342	1,816,658	1,687,082	2,411,447	1,012,508	1,286,647	2,566,924	2,520,924	1,764,761	532,877	20,316	103,816
provisions					5,587	13,228
total long term liabilities	1,866,456	1,588,342	1,816,658	1,687,082	2,417,034	1,025,736	1,286,647	2,566,924	2,520,924	1,764,761	532,877	20,316	103,816
total liabilities	7,158,914	6,102,736	6,658,501	5,255,919	4,873,841	4,389,613	3,395,888	6,898,946	6,370,989	4,395,319	1,963,673	513,268	983,433	1,169,411	1,549,136
net assets	2,530,205	3,047,353	1,933,790	1,140,883	2,033	307,069	749,805	109,336	82,991	149,066	62,318	375,572	-17,395	-23,696	157,115
total shareholders funds	2,530,205	3,047,353	1,933,790	1,140,883	2,033	307,069	749,805	109,336	82,991	149,066	62,318	375,572	-17,395	-23,696	157,115

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-576,765	1,335,774	977,037	1,403,841	-308,691	-446,764	787,108	26,107	-80,158	102,128	-315,093	516,475	7,960	-183,447	215,872
Depreciation	9,200	11,566	18,749	34,886	54,240	49,265	28,427	25,313	15,630	16,220	19,494	16,870	21,947	29,857	33,251
Amortisation	7,200	8,339	3,798	24,397	24,397	24,397	22,702	21,157	20,600	20,600	20,600	20,600	20,600	750	750
Tax		-261,206	-185,991	-266,904			-150,233	-6,586		-23,060		-124,095	-2,214		-61,099
Stock
Debtors	460,262	1,863,417	1,114,606	710,163	219,415	709,981	-1,124,873	1,373,482	1,233,060	686,558	673,279	-70,695	-122,607	272,797	460,310
Creditors	778,064	-327,449	1,273,006	1,112,030	2,383,862	278	-4,259,355	481,957	1,219,507	1,199,762	937,844	-386,665	-289,794	-379,725	1,549,136
Accruals and Deferred Income					-3,281,232	1,247,269	2,033,963
Deferred Taxes & Provisions				-5,587	-7,641	13,228
Cash flow from operations	-242,563	-1,096,393	971,993	1,592,500	-1,354,480	177,692	-412,515	-825,534	-57,481	629,092	-10,434	113,880	-118,894	-805,362	1,277,600
Investing Activities
capital expenditure	-4,506		-72,857	-8,335	-45,841	-20,809	-41,772	-68,014	-13,364	-6,649	-29,816	-4,037	158	-15,457	-343,565
Change in Investments						-14,290	-18,574	32,864
cash flow from investments	-4,506		-72,857	-8,335	-45,841	-6,519	-23,198	-100,878	-13,364	-6,649	-29,816	-4,037	158	-15,457	-343,565
Financing Activities
Bank loans
Group/Directors Accounts					-9,700	7,089	2,611
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities	278,114	-228,316	129,576	-724,365	1,398,939	-274,139	-1,280,277	46,000	756,163	1,231,884	512,561	-83,500	103,816
share issue				998											2
interest	59,617	38,995	1,861	915	3,655	4,028	3,595	6,824	14,083	7,680	1,839	586	555	2,636	2,341
cash flow from financing	337,731	-189,321	131,437	-722,452	1,392,894	-263,022	-1,274,071	52,824	770,246	1,239,564	514,400	-82,914	104,371	2,636	2,343
cash and cash equivalents
cash	90,662	-1,285,714	1,030,573	861,713	-7,427	-91,849	-1,709,785	-873,588	699,401	1,862,007	474,150	26,930	-14,365	-818,183	936,377
overdraft
change in cash	90,662	-1,285,714	1,030,573	861,713	-7,427	-91,849	-1,709,785	-873,588	699,401	1,862,007	474,150	26,930	-14,365	-818,183	936,377

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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2 SIMPLE LIMITED group structure

2 Simple Limited has no subsidiary companies.

Ultimate parent company

2SIMPLE (HOLDINGS) LTD

05855175

1 parent

2 SIMPLE LIMITED

03843465

2 SIMPLE LIMITED Shareholders

2 simple (holdings) limited

100%

2 Simple Limited currently has 1 director, Mr Nigel Canin serving since Mar 2000.

officer	country	age	start	end	role
Mr Nigel Canin		56 years	Mar 2000	-	Director

P&L

September 2023

turnover

35.5m

+11%

operating profit

-576.8k

gross margin

50.2%

-3.12%

turnover

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

Balance Sheet

September 2023

net assets

2.5m

-0.17%

total assets

9.7m

+0.06%

cash

1.2m

+0.08%

net assets

Total assets minus all liabilities

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company number

03843465

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

September 1999

ultimate parent company

2SIMPLE (HOLDINGS) LTD

previous names

2 easy ltd (April 2000)

tristar consultants limited (March 2000)

address

188 brent street, london, NW4 1BE

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2 simple limited Company Information

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2 simple limited Estimated Valuation

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