2excel logistics limited
2excel logistics limited Company Information
Company Number
06939313
Next Accounts
Dec 2025
Shareholders
blackjay ltd
Group Structure
View All
Industry
Freight transport by road
+1Registered Address
unit 31, wilstead industrial park, wilstead, bedford, MK45 3PD
Website
www.2excellogistics.com2excel logistics limited Estimated Valuation
Pomanda estimates the enterprise value of 2EXCEL LOGISTICS LIMITED at £19m based on a Turnover of £19.3m and 0.99x industry multiple (adjusted for size and gross margin).
2excel logistics limited Estimated Valuation
Pomanda estimates the enterprise value of 2EXCEL LOGISTICS LIMITED at £8.5m based on an EBITDA of £1.2m and a 7.15x industry multiple (adjusted for size and gross margin).
2excel logistics limited Estimated Valuation
Pomanda estimates the enterprise value of 2EXCEL LOGISTICS LIMITED at £3.6m based on Net Assets of £1.6m and 2.24x industry multiple (adjusted for liquidity).
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2excel Logistics Limited Overview
2excel Logistics Limited is a live company located in wilstead, MK45 3PD with a Companies House number of 06939313. It operates in the freight transport by road sector, SIC Code 49410. Founded in June 2009, it's largest shareholder is blackjay ltd with a 100% stake. 2excel Logistics Limited is a established, mid sized company, Pomanda has estimated its turnover at £19.3m with high growth in recent years.
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2excel Logistics Limited Health Check
Pomanda's financial health check has awarded 2Excel Logistics Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £19.3m, make it larger than the average company (£9.4m)
£19.3m - 2excel Logistics Limited
£9.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (8.4%)
- 2excel Logistics Limited
8.4% - Industry AVG
Production
with a gross margin of 50.1%, this company has a lower cost of product (30.7%)
50.1% - 2excel Logistics Limited
30.7% - Industry AVG
Profitability
an operating margin of 3.4% make it less profitable than the average company (5.8%)
3.4% - 2excel Logistics Limited
5.8% - Industry AVG
Employees
with 85 employees, this is above the industry average (56)
85 - 2excel Logistics Limited
56 - Industry AVG
Pay Structure
on an average salary of £48k, the company has an equivalent pay structure (£40.4k)
£48k - 2excel Logistics Limited
£40.4k - Industry AVG
Efficiency
resulting in sales per employee of £227.2k, this is more efficient (£142.6k)
£227.2k - 2excel Logistics Limited
£142.6k - Industry AVG
Debtor Days
it gets paid by customers after 78 days, this is later than average (50 days)
78 days - 2excel Logistics Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 85 days, this is slower than average (34 days)
85 days - 2excel Logistics Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (3 days)
0 days - 2excel Logistics Limited
3 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (13 weeks)
1 weeks - 2excel Logistics Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 81.3%, this is a higher level of debt than the average (59%)
81.3% - 2excel Logistics Limited
59% - Industry AVG
2EXCEL LOGISTICS LIMITED financials
2Excel Logistics Limited's latest turnover from March 2024 is £19.3 million and the company has net assets of £1.6 million. According to their latest financial statements, 2Excel Logistics Limited has 85 employees and maintains cash reserves of £145 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | 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 | 19,309,251 | 17,776,470 | 12,863,199 | ||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 9,638,223 | 8,405,089 | 7,633,262 | ||||||||||||
| Gross Profit | 9,671,028 | 9,371,381 | 5,229,937 | ||||||||||||
| Admin Expenses | 9,017,013 | 8,630,361 | 4,752,450 | ||||||||||||
| Operating Profit | 654,015 | 741,020 | 477,487 | ||||||||||||
| Interest Payable | 243,760 | 177,209 | 55,823 | ||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 410,255 | 563,811 | 421,664 | ||||||||||||
| Tax | -187,230 | -20,886 | -121,216 | ||||||||||||
| Profit After Tax | 223,025 | 542,925 | 300,448 | ||||||||||||
| Dividends Paid | 230,000 | ||||||||||||||
| Retained Profit | 223,025 | 312,925 | 300,448 | ||||||||||||
| Employee Costs | 4,081,739 | 3,827,498 | 2,206,848 | ||||||||||||
| Number Of Employees | 85 | 89 | 60 | 45 | 23 | 22 | 34 | 23 | |||||||
| EBITDA* | 1,192,778 | 1,231,667 | 644,854 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | 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 | 1,588,566 | 1,949,713 | 1,381,702 | 292,019 | 37,220 | 63,197 | 47,105 | 47,812 | 50,543 | 9,113 | 13,771 | 23,773 | 36,976 | 35,845 | 1,148 |
| Intangible Assets | 129,839 | 147,821 | 156,642 | 8,082 | |||||||||||
| Investments & Other | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |||||||||
| Debtors (Due After 1 year) | 161,012 | 230,107 | 159,035 | 159,035 | |||||||||||
| Total Fixed Assets | 1,879,417 | 2,327,641 | 1,702,379 | 464,136 | 42,220 | 68,197 | 52,105 | 52,812 | 50,543 | 9,113 | 13,771 | 23,773 | 36,976 | 35,845 | 1,148 |
| Stock & work in progress | 6,833 | 7,570 | 5,691 | 5,990 | 10,994 | 15,066 | 10,359 | 8,591 | 20,729 | ||||||
| Trade Debtors | 4,175,849 | 4,305,603 | 3,733,603 | 2,422,364 | 1,803,686 | 1,214,607 | 1,544,454 | 2,401,644 | 2,054,808 | 1,903,335 | 1,690,517 | 644,889 | 686,993 | 488,477 | 372,826 |
| Group Debtors | 1,476,165 | 1,485,633 | 1,505,884 | 1,807,724 | 157,110 | 1,503,804 | |||||||||
| Misc Debtors | 1,015,784 | 661,954 | 495,929 | 393,783 | 1,966,017 | 319,696 | 1,568,927 | ||||||||
| Cash | 144,972 | 353,193 | 446,753 | 43,204 | 43,512 | 3,500 | 1,010,590 | 1,339 | 7 | 7 | 7 | 324,872 | 515,679 | 370,767 | 71,912 |
| misc current assets | |||||||||||||||
| total current assets | 6,819,603 | 6,813,953 | 6,182,169 | 4,672,766 | 3,970,325 | 3,041,607 | 4,123,971 | 2,402,983 | 2,054,815 | 1,909,332 | 1,701,518 | 984,827 | 1,213,031 | 867,835 | 465,467 |
| total assets | 8,699,020 | 9,141,594 | 7,884,548 | 5,136,902 | 4,012,545 | 3,109,804 | 4,176,076 | 2,455,795 | 2,105,358 | 1,918,445 | 1,715,289 | 1,008,600 | 1,250,007 | 903,680 | 466,615 |
| Bank overdraft | 813,066 | 1,908,799 | |||||||||||||
| Bank loan | 628,278 | 434,634 | |||||||||||||
| Trade Creditors | 2,270,345 | 1,672,436 | 1,441,748 | 937,055 | 1,501,007 | 919,752 | 980,710 | 568,665 | 558,271 | 1,380,374 | 1,266,772 | 700,654 | 941,569 | 719,930 | 375,741 |
| Group/Directors Accounts | 202,386 | 1,647 | 77,361 | 5,000 | 5,000 | 100,000 | 100,000 | ||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 486,838 | 386,205 | 394,681 | 65,971 | |||||||||||
| other current liabilities | 3,185,193 | 3,591,278 | 3,172,689 | 2,411,249 | 1,308,634 | 423,319 | 429,850 | 401,666 | 332,322 | ||||||
| total current liabilities | 6,144,762 | 5,651,566 | 5,086,479 | 3,419,275 | 2,814,641 | 2,156,137 | 3,319,359 | 1,698,609 | 1,425,227 | 1,380,374 | 1,266,772 | 700,654 | 941,569 | 719,930 | 375,741 |
| loans | |||||||||||||||
| hp & lease commitments | 594,519 | 1,102,034 | 743,886 | 85,108 | |||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 3,751 | 10,960 | |||||||||||||
| provisions | 335,380 | 180,645 | 159,759 | 38,543 | |||||||||||
| total long term liabilities | 929,899 | 1,282,679 | 903,645 | 123,651 | 3,751 | 10,960 | |||||||||
| total liabilities | 7,074,661 | 6,934,245 | 5,990,124 | 3,542,926 | 2,814,641 | 2,156,137 | 3,319,359 | 1,698,609 | 1,425,227 | 1,380,374 | 1,266,772 | 700,654 | 945,320 | 730,890 | 375,741 |
| net assets | 1,624,359 | 2,207,349 | 1,894,424 | 1,593,976 | 1,197,904 | 953,667 | 856,717 | 757,186 | 680,131 | 538,071 | 448,517 | 307,946 | 304,687 | 172,790 | 90,874 |
| total shareholders funds | 1,624,359 | 2,207,349 | 1,894,424 | 1,593,976 | 1,197,904 | 953,667 | 856,717 | 757,186 | 680,131 | 538,071 | 448,517 | 307,946 | 304,687 | 172,790 | 90,874 |
| Mar 2024 | 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 | 654,015 | 741,020 | 477,487 | ||||||||||||
| Depreciation | 512,813 | 468,306 | 146,867 | 65,355 | 31,770 | 28,845 | 15,761 | 16,455 | 11,070 | 7,075 | 10,293 | 11,759 | 12,123 | 5,063 | 102 |
| Amortisation | 25,950 | 22,341 | 20,500 | 1,637 | 4,049 | ||||||||||
| Tax | -187,230 | -20,886 | -121,216 | ||||||||||||
| Stock | -737 | 7,570 | -5,691 | 5,691 | -5,990 | -5,004 | -4,072 | 4,707 | 1,768 | -12,138 | 20,729 | ||||
| Debtors | 145,513 | 788,846 | 1,111,545 | 856,093 | 888,706 | -75,274 | 711,737 | 346,836 | 151,473 | 212,818 | 1,045,628 | -42,104 | 198,516 | 115,651 | 372,826 |
| Creditors | 597,909 | 230,688 | 504,693 | -563,952 | 581,255 | -60,958 | 412,045 | 10,394 | -822,103 | 113,602 | 566,118 | -240,915 | 221,639 | 344,189 | 375,741 |
| Accruals and Deferred Income | -406,085 | 418,589 | 761,440 | 1,102,615 | 885,315 | -6,531 | 28,184 | 69,344 | 332,322 | ||||||
| Deferred Taxes & Provisions | 154,735 | 20,886 | 121,216 | 38,543 | |||||||||||
| Cash flow from operations | 1,207,331 | 1,084,528 | 805,133 | ||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -5,000 | 5,000 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -628,278 | 193,644 | 434,634 | ||||||||||||
| Group/Directors Accounts | 200,739 | -75,714 | 72,361 | 5,000 | -100,000 | 100,000 | |||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | -406,882 | 349,672 | 987,488 | 151,079 | |||||||||||
| other long term liabilities | -3,751 | -7,209 | 10,960 | ||||||||||||
| share issue | |||||||||||||||
| interest | -243,760 | -177,209 | -55,823 | ||||||||||||
| cash flow from financing | -1,255,918 | 96,749 | 1,004,026 | ||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -208,221 | -93,560 | 403,549 | -308 | 40,012 | -1,007,090 | 1,009,251 | 1,332 | -324,865 | -190,807 | 144,912 | 298,855 | 71,912 | ||
| overdraft | -813,066 | -1,095,733 | 1,908,799 | ||||||||||||
| change in cash | -208,221 | -93,560 | 403,549 | -308 | 853,078 | 88,643 | -899,548 | 1,332 | -324,865 | -190,807 | 144,912 | 298,855 | 71,912 |
2excel logistics limited Credit Report and Business Information
2excel Logistics Limited Competitor Analysis
Perform a competitor analysis for 2excel logistics limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mid companies, companies in MK45 area or any other competitors across 12 key performance metrics.
2excel logistics limited Ownership
2EXCEL LOGISTICS LIMITED group structure
2Excel Logistics Limited has 1 subsidiary company.
Ultimate parent company
2 parents
2EXCEL LOGISTICS LIMITED
06939313
1 subsidiary
2excel logistics limited directors
2Excel Logistics Limited currently has 4 directors. The longest serving directors include Mr Justin Wilkie (Nov 2013) and Mr Ian Haddock (Nov 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Justin Wilkie | England | 50 years | Nov 2013 | - | Director |
| Mr Ian Haddock | United Kingdom | 65 years | Nov 2020 | - | Director |
| Mr Christopher Wood | England | 36 years | Dec 2023 | - | Director |
| Mr Andrew Littlewood | England | 58 years | Jan 2025 | - | Director |
P&L
March 2024turnover
19.3m
+9%
operating profit
654k
-12%
gross margin
50.1%
-4.99%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
1.6m
-0.26%
total assets
8.7m
-0.05%
cash
145k
-0.59%
net assets
Total assets minus all liabilities
2excel logistics limited company details
company number
06939313
Type
Private limited with Share Capital
industry
49410 - Freight transport by road
52103 - Operation of warehousing and storage facilities for land transport activities of division 49
incorporation date
June 2009
age
16
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
2xl logistics limited (October 2009)
accountant
-
auditor
WMT
address
unit 31, wilstead industrial park, wilstead, bedford, MK45 3PD
Bank
-
Legal Advisor
-
2excel logistics 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 6 charges/mortgages relating to 2excel logistics limited. Currently there are 1 open charges and 5 have been satisfied in the past.
2excel logistics 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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2excel logistics limited Companies House Filings - See Documents
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