2me Limited

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2me limited Company Information

Live

EstablishedMicroDeclining

Company Number

05806411

Next Accounts

Dec 2024

Industry

Other business support service activities n.e.c.

Directors

Kevin Twomey

Mary Twomey

Shareholders

mr kevin twomey

marion twomey

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Group Structure

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Contact

Registered Address

122 main road, romford, RM2 5HS

Website

2me limited Estimated Valuation

£4m

Pomanda estimates the enterprise value of 2ME LIMITED at £4m based on Net Assets of £1.7m and 2.35x industry multiple (adjusted for liquidity).

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2me Limited is a live company located in romford, RM2 5HS with a Companies House number of 05806411. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 2006, it's largest shareholder is mr kevin twomey with a 44% stake. 2me Limited is a established, micro sized company, Pomanda has estimated its turnover at £368.2k with declining growth in recent years.

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Pomanda's financial health check has awarded 2Me Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £368.2k, make it smaller than the average company (£3m)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (4%)

EXPORT

2Me Limited's latest turnover from March 2023 is estimated at £368.2 thousand and the company has net assets of £1.7 million. According to their latest financial statements, 2Me Limited has 3 employees and maintains cash reserves of £922.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	368,216	238,677	188,060	521,093	1,289,622	2,007,328	961,063	554,081	666,020	702,837	651,438	732,937	607,906	488,637
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	225,295	147,716	118,146	323,838	803,720	1,246,510	586,819	345,292	421,939	448,072	412,894	452,190	365,194	291,618
Gross Profit	142,922	90,961	69,914	197,255	485,901	760,818	374,244	208,789	244,081	254,765	238,543	280,748	242,713	197,020
Admin Expenses	-14,609	144,506	-469,036	178,518	399,216	757,177	267,695	110,142	144,995	154,047	119,698	169,571	151,073	-174,983
Operating Profit	157,531	-53,545	538,950	18,737	86,685	3,641	106,549	98,647	99,086	100,718	118,845	111,177	91,640	372,003
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	36,434	6,229	608	297	926	442	505	917	370	29	45	401	408	44
Pre-Tax Profit	193,965	-47,316	539,558	19,035	87,611	4,083	107,054	99,564	99,456	100,747	118,889	111,578	92,049	372,047
Tax	-36,853	0	-102,516	-3,617	-16,646	-776	-21,411	-19,913	-20,886	-23,172	-28,533	-29,010	-25,774	-104,173
Profit After Tax	157,112	-47,316	437,042	15,418	70,965	3,307	85,643	79,651	78,570	77,575	90,356	82,568	66,275	267,874
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	157,112	-47,316	437,042	15,418	70,965	3,307	85,643	79,651	78,570	77,575	90,356	82,568	66,275	267,874
Employee Costs	130,491	124,558	119,718	78,989	76,661	615,662	70,913	71,248	213,363	211,539	208,455	208,086	205,415	140,927
Number Of Employees	3	3	3	2	2	17	2	2	6	6	6	6	6	4
EBITDA*	157,675	-53,376	539,150	18,972	86,685	3,641	106,780	98,919	99,405	101,095	119,287	111,698	92,252	372,725

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	818	962	1,131	491,521	491,756	491,303	491,499	473,399	473,671	473,990	474,367	474,809	475,330	475,942
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	770,000	770,050	770,050	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
Total Fixed Assets	770,818	771,012	771,181	491,521	491,756	491,303	491,499	473,399	473,671	473,990	474,367	474,809	475,330	475,942
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	64,837	35,000	0	120,000	240,000	379,263	221,276	101,319	101,319	123,321	90,821	90,819	90,804	96,052
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	450	0	41	0	0	0	0	0	0	0	0	0	0	0
Cash	922,617	791,933	869,107	347,365	246,944	0	176,620	227,178	139,549	8,320	3,131	14,794	145,788	17,554
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	987,904	826,933	869,148	467,365	486,944	379,263	397,896	328,497	240,868	131,641	93,952	105,613	236,592	113,606
total assets	1,758,722	1,597,945	1,640,329	958,886	978,700	870,566	889,395	801,896	714,539	605,631	568,319	580,422	711,922	589,548
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	370	62	1,965	454	0	37,472	57,238	57,552	49,846	20,783	61,046	103,246	62,298	6,198
Group/Directors Accounts	0	0	0	0	0	0	3,445	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	13,147	9,762	2,895	39,777	75,716	0	0	0	0	0	0	0	0	0
total current liabilities	13,517	9,824	4,860	40,231	75,716	37,472	60,683	57,552	49,846	20,783	61,046	103,246	62,298	6,198
loans	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
Accruals and Deferred Income	0	0	0	0	0	1,275	0	1,275	1,275	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	60,359	315,375	315,376
provisions	53,319	53,347	53,379	253	0	0	0	0	0	0	0	0	0	0
total long term liabilities	53,319	53,347	53,379	253	0	1,275	0	1,275	1,275	0	0	60,359	315,375	315,376
total liabilities	66,836	63,171	58,239	40,484	75,716	38,747	60,683	58,827	51,121	20,783	61,046	163,605	377,673	321,574
net assets	1,691,886	1,534,774	1,582,090	918,402	902,984	831,819	828,712	743,069	663,418	584,848	507,273	416,817	334,249	267,974
total shareholders funds	1,691,886	1,534,774	1,582,090	918,402	902,984	831,819	828,712	743,069	663,418	584,848	507,273	416,817	334,249	267,974

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	157,531	-53,545	538,950	18,737	86,685	3,641	106,549	98,647	99,086	100,718	118,845	111,177	91,640	372,003
Depreciation	144	169	200	235	0	0	231	272	319	377	442	521	612	722
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-36,853	0	-102,516	-3,617	-16,646	-776	-21,411	-19,913	-20,886	-23,172	-28,533	-29,010	-25,774	-104,173
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	30,287	34,959	-119,959	-120,000	-139,263	157,987	119,957	0	-22,002	32,500	2	15	-5,248	96,052
Creditors	308	-1,903	1,511	454	-37,472	-19,766	-314	7,706	29,063	-40,263	-42,200	40,948	56,100	6,198
Accruals and Deferred Income	3,385	6,867	-36,882	-35,939	74,441	1,275	-1,275	0	1,275	0	0	0	0	0
Deferred Taxes & Provisions	-28	-32	53,126	253	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	94,200	-83,403	574,348	100,123	246,271	-173,613	-36,177	86,712	130,859	5,160	48,552	123,621	127,826	178,698
Investing Activities
capital expenditure	0	0	490,190	0	-453	196	-18,331	0	0	0	0	0	0	-476,664
Change in Investments	-50	0	770,050	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	50	0	-279,860	0	-453	196	-18,331	0	0	0	0	0	0	-476,664
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-3,445	3,445	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
Long term loans	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	-60,359	-255,016	-1	315,376
share issue	0	0	226,646	0	200	-200	0	0	0	0	100	0	0	100
interest	36,434	6,229	608	297	926	442	505	917	370	29	45	401	408	44
cash flow from financing	36,434	6,229	227,254	297	1,126	-3,203	3,950	917	370	29	-60,214	-254,615	407	315,520
cash and cash equivalents
cash	130,684	-77,174	521,742	100,421	246,944	-176,620	-50,558	87,629	131,229	5,189	-11,663	-130,994	128,234	17,554
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	130,684	-77,174	521,742	100,421	246,944	-176,620	-50,558	87,629	131,229	5,189	-11,663	-130,994	128,234	17,554

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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2ME LIMITED group structure

2Me Limited has no subsidiary companies.

Ultimate parent company

2ME LIMITED

05806411

2ME LIMITED Shareholders

mr kevin twomey	44%
marion twomey	43.5%
elliot twomey	12.5%

2Me Limited currently has 2 directors. The longest serving directors include Mr Kevin Twomey (May 2006) and Mrs Mary Twomey (May 2006).

officer	country	age	start	end	role
Mr Kevin Twomey	United Kingdom	73 years	May 2006	-	Director
Mrs Mary Twomey	United Kingdom	68 years	May 2006	-	Director

P&L

March 2023

turnover

368.2k

+54%

operating profit

157.5k

gross margin

38.9%

+1.85%

turnover

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

Balance Sheet

March 2023

net assets

1.7m

+0.1%

total assets

1.8m

+0.1%

cash

922.6k

+0.17%

net assets

Total assets minus all liabilities

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company number

05806411

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

May 2006

ultimate parent company

None

previous names

N/A

address

122 main road, romford, RM2 5HS

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 4 charges/mortgages relating to 2me limited. Currently there are 4 open charges and 0 have been satisfied in the past.

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2me limited Company Information

2me limited Estimated Valuation

2me limited Estimated Valuation

2me limited Estimated Valuation

2me Limited Overview

2me Limited Health Check

2ME LIMITED financials

2me limited Credit Report and Business Information

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2me limited Ownership

2me limited directors

2me limited company details

2me limited Charges & Mortgages

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2me limited Companies House Filings - See Documents