X 2 Connect Limited

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x 2 connect limited Company Information

Live

MatureSmallHealthy

Company Number

04826493

Next Accounts

Sep 2025

Industry

Other telecommunications activities

Directors

Richardallan Parker

Martin White

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Shareholders

x2c limited

Group Structure

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Contact

Registered Address

network place brunel drive, newark, nottinghamshire, NG24 2EG

Website

www.x2connect.com

x 2 connect limited Estimated Valuation

£4m

Pomanda estimates the enterprise value of X 2 CONNECT LIMITED at £4m based on a Turnover of £4.6m and 0.87x industry multiple (adjusted for size and gross margin).

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X 2 Connect Limited is a live company located in nottinghamshire, NG24 2EG with a Companies House number of 04826493. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in July 2003, it's largest shareholder is x2c limited with a 100% stake. X 2 Connect Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded X 2 Connect Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £4.6m, make it smaller than the average company (£14.2m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (4.6%)

EXPORT

X 2 Connect Limited's latest turnover from December 2023 is estimated at £4.6 million and the company has net assets of £1.2 million. According to their latest financial statements, X 2 Connect Limited has 35 employees and maintains cash reserves of £462 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	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	4,625,912	4,514,572	4,792,498	3,649,618	3,980,203	4,208,062	3,812,290	3,814,107	3,810,820	3,033,899	2,616,062	2,527,676	2,719,947	2,493,935	2,052,918
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,836,976	2,764,047	3,023,247	2,228,752	2,348,056	2,549,595	2,329,163	2,275,607	2,335,036	1,879,733	1,674,593	1,553,099	1,669,993	1,569,127	1,216,725
Gross Profit	1,788,936	1,750,525	1,769,251	1,420,866	1,632,148	1,658,467	1,483,128	1,538,500	1,475,784	1,154,166	941,469	974,577	1,049,955	924,809	836,193
Admin Expenses	1,623,690	1,514,221	1,498,795	1,579,036	1,654,409	1,262,864	1,580,505	1,434,766	1,432,432	1,173,681	816,485	929,722	1,091,902	829,505	818,101
Operating Profit	165,246	236,304	270,456	-158,170	-22,261	395,603	-97,377	103,734	43,352	-19,515	124,984	44,855	-41,947	95,304	18,092
Interest Payable	0	0	0	0	0	0	52	1,087	1,078	0	0	959	959	0	0
Interest Receivable	23,488	17,489	1,240	411	2,974	1,940	319	21	44	26	37	49	35	15	0
Pre-Tax Profit	188,733	253,793	271,695	-157,759	-19,287	397,543	-97,110	102,668	42,318	-19,489	125,021	43,945	-42,871	95,319	-62,314
Tax	-47,183	-48,221	-51,622	0	0	-75,533	0	-20,533	-8,463	0	-28,755	-10,547	0	-26,689	20,000
Profit After Tax	141,550	205,572	220,073	-157,759	-19,287	322,010	-97,110	82,134	33,854	-19,489	96,266	33,398	-42,871	68,630	-42,314
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	141,550	205,572	220,073	-157,759	-19,287	322,010	-97,110	82,134	33,854	-19,489	96,266	33,398	-42,871	68,630	-42,314
Employee Costs	2,323,566	2,266,032	2,076,209	2,026,866	2,068,110	2,210,058	2,004,513	1,941,738	1,929,675	756,945	622,785	597,922	585,296	587,033	0
Number Of Employees	35	35	34	34	34	36	35	35	36	14	12	12	12	12	0
EBITDA*	198,175	274,751	288,200	-130,770	5,742	416,544	-76,558	124,785	61,134	-1,666	156,184	80,871	18	143,304	65,716

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	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	178,776	204,794	152,439	156,576	183,976	206,756	217,002	226,926	215,026	228,726	240,505	267,070	301,526	334,912	319,799
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	178,776	204,794	152,439	156,576	183,976	206,756	217,002	226,926	215,026	228,726	240,505	267,070	301,526	334,912	319,799
Stock & work in progress	517,879	379,425	222,571	193,680	278,573	202,501	246,161	339,610	324,630	321,091	306,421	292,668	246,676	211,378	289,631
Trade Debtors	372,099	411,421	484,169	259,496	319,920	427,214	362,786	335,924	284,345	361,857	297,256	279,045	331,350	310,742	343,800
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	60,271	50,953	55,020	51,190	24,217	20,420	16,649	17,056	16,331	0	0	0	0	0	0
Cash	461,976	432,798	566,572	425,024	397,242	395,799	121,488	6,134	10,347	7,334	3,102	11,699	7,959	6,184	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,412,225	1,274,597	1,328,332	929,390	1,019,952	1,045,934	747,084	698,724	635,653	690,282	606,779	583,412	585,985	528,304	633,431
total assets	1,591,001	1,479,391	1,480,771	1,085,966	1,203,928	1,252,690	964,086	925,650	850,679	919,008	847,284	850,482	887,511	863,216	953,230
Bank overdraft	0	0	0	0	0	0	0	1,608	33,181	0	0	0	29,520	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	137,531	116,185	291,031	176,613	152,102	120,401	115,193	130,918	70,211	425,262	333,847	433,694	461,619	404,617	488,425
Group/Directors Accounts	0	0	0	0	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	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	223,729	271,610	310,106	250,147	239,971	299,180	338,568	185,995	216,095	0	0	0	0	0	0
total current liabilities	361,260	387,795	601,137	426,760	392,073	419,581	453,761	318,521	319,487	425,262	333,847	433,694	491,139	404,617	488,425
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	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	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	10,808	34,164	117,000
provisions	26,955	30,360	23,970	23,615	18,505	20,472	19,698	19,392	25,589	21,997	22,199	21,826	24,000	20,000	12,000
total long term liabilities	26,955	30,360	23,970	23,615	18,505	20,472	19,698	19,392	25,589	21,997	22,199	21,826	34,808	54,164	129,000
total liabilities	388,215	418,155	625,107	450,375	410,578	440,053	473,459	337,913	345,076	447,259	356,046	455,520	525,947	458,781	617,425
net assets	1,202,786	1,061,236	855,664	635,591	793,350	812,637	490,627	587,737	505,603	471,749	491,238	394,962	361,564	404,435	335,805
total shareholders funds	1,202,786	1,061,236	855,664	635,591	793,350	812,637	490,627	587,737	505,603	471,749	491,238	394,962	361,564	404,435	335,805

	Dec 2023	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	165,246	236,304	270,456	-158,170	-22,261	395,603	-97,377	103,734	43,352	-19,515	124,984	44,855	-41,947	95,304	18,092
Depreciation	32,929	38,447	17,744	27,400	28,003	20,941	20,819	21,051	17,782	17,849	31,200	36,016	41,965	48,000	47,624
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-47,183	-48,221	-51,622	0	0	-75,533	0	-20,533	-8,463	0	-28,755	-10,547	0	-26,689	20,000
Stock	138,454	156,854	28,891	-84,893	76,072	-43,660	-93,449	14,980	3,539	14,670	13,753	45,992	35,298	-78,253	289,631
Debtors	-30,004	-76,815	228,503	-33,451	-103,497	68,199	26,455	52,304	-61,181	64,601	18,211	-52,305	20,608	-33,058	343,800
Creditors	21,346	-174,846	114,418	24,511	31,701	5,208	-15,725	60,707	-355,051	91,415	-99,847	-27,925	57,002	-83,808	488,425
Accruals and Deferred Income	-47,881	-38,496	59,959	10,176	-59,209	-39,388	152,573	-30,100	216,095	0	0	0	0	0	0
Deferred Taxes & Provisions	-3,405	6,390	355	5,110	-1,967	774	306	-6,197	3,592	-202	373	-2,174	4,000	8,000	12,000
Cash flow from operations	12,602	-60,461	153,916	27,371	3,692	283,066	127,590	61,378	-25,051	10,276	-4,009	46,538	5,114	152,118	-47,290
Investing Activities
capital expenditure	-6,911	-90,802	-13,607	0	-5,223	-10,695	-10,895	-32,951	-4,082	-6,070	-4,635	-1,560	-8,579	-63,113	-367,423
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-6,911	-90,802	-13,607	0	-5,223	-10,695	-10,895	-32,951	-4,082	-6,070	-4,635	-1,560	-8,579	-63,113	-367,423
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	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	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	-10,808	-23,356	-82,836	117,000
share issue	0	0	0	0	0	0	0	0	0	0	10	0	0	0	378,119
interest	23,488	17,489	1,240	411	2,974	1,940	267	-1,066	-1,034	26	37	-910	-924	15	0
cash flow from financing	23,488	17,489	1,240	411	2,974	1,940	267	-1,066	-1,034	26	47	-11,718	-24,280	-82,821	495,119
cash and cash equivalents
cash	29,178	-133,774	141,548	27,782	1,443	274,311	115,354	-4,213	3,013	4,232	-8,597	3,740	1,775	6,184	0
overdraft	0	0	0	0	0	0	-1,608	-31,573	33,181	0	0	-29,520	29,520	0	0
change in cash	29,178	-133,774	141,548	27,782	1,443	274,311	116,962	27,360	-30,168	4,232	-8,597	33,260	-27,745	6,184	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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X 2 CONNECT LIMITED group structure

X 2 Connect Limited has no subsidiary companies.

Ultimate parent company

X 2 CONNECT LIMITED

04826493

X 2 CONNECT LIMITED Shareholders

x2c limited

100%

X 2 Connect Limited currently has 3 directors. The longest serving directors include Mr Richardallan Parker (May 2006) and Mr Martin White (Nov 2014).

officer	country	age	start	end	role
Mr Richardallan Parker		70 years	May 2006	-	Director
Mr Martin White	England	70 years	Nov 2014	-	Director
Mr Andrew Watson	England	58 years	Feb 2019	-	Director

P&L

December 2023

turnover

4.6m

+2%

operating profit

165.2k

gross margin

38.7%

-0.27%

turnover

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

Balance Sheet

December 2023

net assets

1.2m

+0.13%

total assets

1.6m

+0.08%

cash

462k

+0.07%

net assets

Total assets minus all liabilities

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company number

04826493

Type

Private limited with Share Capital

industry

61900 - Other telecommunications activities

incorporation date

July 2003

ultimate parent company

None

previous names

N/A

address

network place brunel drive, newark, nottinghamshire, NG24 2EG

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 1 charges/mortgages relating to x 2 connect limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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x 2 connect limited Company Information

x 2 connect limited Estimated Valuation

x 2 connect limited Estimated Valuation

x 2 connect limited Estimated Valuation

X 2 Connect Limited Overview

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X 2 CONNECT LIMITED financials

x 2 connect limited Credit Report and Business Information

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x 2 connect limited Ownership

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x 2 connect limited Companies House Filings - See Documents