2squared agency limited
2squared agency limited Company Information
Company Number
07056659
Website
www.2squaredagency.co.ukRegistered Address
edinburgh house, hollinsbrook way, bury, lancashire, BL9 8RR
Industry
Wholesale of clothing and footwear
Agents involved in the sale of textiles, clothing, fur, footwear and leather goods
Telephone
01613120123
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
jd sports fashion plc 100%
2squared agency limited Estimated Valuation
Pomanda estimates the enterprise value of 2SQUARED AGENCY LIMITED at £3.9m based on a Turnover of £6.7m and 0.58x industry multiple (adjusted for size and gross margin).
2squared agency limited Estimated Valuation
Pomanda estimates the enterprise value of 2SQUARED AGENCY LIMITED at £543.4k based on an EBITDA of £106k and a 5.13x industry multiple (adjusted for size and gross margin).
2squared agency limited Estimated Valuation
Pomanda estimates the enterprise value of 2SQUARED AGENCY LIMITED at £0 based on Net Assets of £-1.4m and 1.56x industry multiple (adjusted for liquidity).
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2squared Agency Limited Overview
2squared Agency Limited is a live company located in bury, BL9 8RR with a Companies House number of 07056659. It operates in the agents involved in the sale of textiles, clothing, fur, footwear and leather goods sector, SIC Code 46160. Founded in October 2009, it's largest shareholder is jd sports fashion plc with a 100% stake. 2squared Agency Limited is a established, mid sized company, Pomanda has estimated its turnover at £6.7m with low growth in recent years.
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2squared Agency Limited Health Check
Pomanda's financial health check has awarded 2Squared Agency Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
5 Regular
6 Weak
Size
annual sales of £6.7m, make it smaller than the average company (£10.2m)
£6.7m - 2squared Agency Limited
£10.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (4.7%)
1% - 2squared Agency Limited
4.7% - Industry AVG
Production
with a gross margin of 35.3%, this company has a comparable cost of product (33.6%)
35.3% - 2squared Agency Limited
33.6% - Industry AVG
Profitability
an operating margin of 1.1% make it less profitable than the average company (4%)
1.1% - 2squared Agency Limited
4% - Industry AVG
Employees
with 43 employees, this is above the industry average (34)
43 - 2squared Agency Limited
34 - Industry AVG
Pay Structure
on an average salary of £31.4k, the company has an equivalent pay structure (£37k)
£31.4k - 2squared Agency Limited
£37k - Industry AVG
Efficiency
resulting in sales per employee of £156.7k, this is less efficient (£253.6k)
£156.7k - 2squared Agency Limited
£253.6k - Industry AVG
Debtor Days
it gets paid by customers after 47 days, this is near the average (47 days)
47 days - 2squared Agency Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (34 days)
15 days - 2squared Agency Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 109 days, this is in line with average (92 days)
109 days - 2squared Agency Limited
92 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is average cash available to meet short term requirements (16 weeks)
13 weeks - 2squared Agency Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 133.1%, this is a higher level of debt than the average (62.1%)
133.1% - 2squared Agency Limited
62.1% - Industry AVG
2SQUARED AGENCY LIMITED financials
2Squared Agency Limited's latest turnover from January 2023 is £6.7 million and the company has net assets of -£1.4 million. According to their latest financial statements, 2Squared Agency Limited has 43 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Jan 2017 | Dec 2015 | Dec 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,736,000 | 6,834,000 | 7,314,000 | 6,612,000 | 6,818,000 | 7,594,000 | 11,560,000 | 10,902,000 | |||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 4,357,000 | 4,374,000 | 5,570,000 | 5,345,000 | 5,707,000 | 5,433,000 | 9,086,000 | 7,830,000 | |||||
| Gross Profit | 2,379,000 | 2,460,000 | 1,744,000 | 1,267,000 | 1,111,000 | 2,161,000 | 2,474,000 | 3,072,000 | |||||
| Admin Expenses | 2,302,000 | 2,013,000 | 1,489,000 | 1,948,000 | 2,127,000 | 2,589,000 | 2,235,000 | 3,845,000 | |||||
| Operating Profit | 77,000 | 447,000 | 255,000 | -681,000 | -1,016,000 | -428,000 | 239,000 | -773,000 | |||||
| Interest Payable | 130,000 | 93,000 | 95,000 | 103,000 | 110,000 | 169,000 | 11,000 | 0 | |||||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45,000 | |||||
| Pre-Tax Profit | 275,000 | 354,000 | 160,000 | -784,000 | -1,126,000 | -597,000 | 228,000 | -728,000 | |||||
| Tax | -10,000 | 173,000 | -14,000 | 123,000 | 107,000 | 85,000 | 10,000 | -62,000 | |||||
| Profit After Tax | 265,000 | 527,000 | 146,000 | -661,000 | -1,019,000 | -512,000 | 238,000 | -790,000 | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 390,000 | 0 | |||||
| Retained Profit | 265,000 | 527,000 | 146,000 | -661,000 | -1,019,000 | -512,000 | -152,000 | -790,000 | |||||
| Employee Costs | 1,351,000 | 1,483,000 | 1,236,000 | 1,290,000 | 1,336,000 | 1,231,000 | 1,002,000 | 845,000 | |||||
| Number Of Employees | 43 | 47 | 40 | 36 | 36 | 35 | 29 | 27 | |||||
| EBITDA* | 106,000 | 478,000 | 294,000 | -619,000 | -958,000 | -361,000 | 326,000 | -715,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Jan 2017 | Dec 2015 | Dec 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 52,000 | 60,000 | 56,000 | 69,000 | 128,000 | 104,000 | 141,000 | 79,000 | 92,089 | 43,861 | 22,331 | 202,500 | 14,417 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 143,000 | 156,000 | 166,874 | 180,000 | 191,250 | 18,554 | 213,750 |
| Investments & Other | 0 | 72,000 | 72,000 | 72,000 | 72,000 | 0 | 0 | 0 | 1,000,000 | 40 | 40 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 52,000 | 132,000 | 128,000 | 141,000 | 200,000 | 104,000 | 284,000 | 235,000 | 1,258,963 | 223,901 | 213,621 | 221,054 | 228,167 |
| Stock & work in progress | 1,307,000 | 647,000 | 738,000 | 856,000 | 235,000 | 340,000 | 933,000 | 901,000 | 1,072,363 | 719,481 | 0 | 0 | 0 |
| Trade Debtors | 875,000 | 971,000 | 1,234,000 | 1,747,000 | 1,246,000 | 1,085,000 | 1,939,000 | 1,187,000 | 1,307,339 | 1,792,216 | 253,265 | 89,096 | 97,237 |
| Group Debtors | 290,000 | 330,000 | 373,000 | 298,000 | 468,000 | 299,000 | 193,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 299,000 | 692,000 | 518,000 | 656,000 | 459,000 | 692,000 | 392,000 | 497,000 | 0 | 0 | 0 | 0 | 0 |
| Cash | 1,430,000 | 2,035,000 | 1,892,000 | 680,000 | 571,000 | 600,000 | 100,000 | 27,000 | 140,206 | 139,337 | 0 | 0 | 43,246 |
| misc current assets | 0 | 0 | 0 | 0 | 2,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,201,000 | 4,675,000 | 4,755,000 | 4,237,000 | 2,981,000 | 3,016,000 | 3,557,000 | 2,612,000 | 2,519,908 | 2,651,034 | 253,265 | 89,096 | 140,483 |
| total assets | 4,253,000 | 4,807,000 | 4,883,000 | 4,378,000 | 3,181,000 | 3,120,000 | 3,841,000 | 2,847,000 | 3,778,871 | 2,874,935 | 466,886 | 310,150 | 368,650 |
| Bank overdraft | 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 |
| Trade Creditors | 189,000 | 367,000 | 543,000 | 826,000 | 710,000 | 720,000 | 722,000 | 1,878,000 | 2,971,868 | 2,190,905 | 138,970 | 89,977 | 208,060 |
| Group/Directors Accounts | 4,844,000 | 5,459,000 | 5,396,000 | 4,895,000 | 3,772,000 | 2,870,000 | 2,295,000 | 35,000 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 627,000 | 653,000 | 1,143,000 | 1,002,000 | 383,000 | 195,000 | 971,000 | 919,000 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 5,660,000 | 6,479,000 | 7,082,000 | 6,723,000 | 4,865,000 | 3,785,000 | 3,988,000 | 2,832,000 | 2,971,868 | 2,190,905 | 138,970 | 89,977 | 208,060 |
| loans | 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 |
| Accruals and Deferred Income | 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 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 6,000 | 16,000 | 18,215 | 9,794 | 3,132 | 2,158 | 1,142 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 6,000 | 16,000 | 18,215 | 9,794 | 3,132 | 2,158 | 1,142 |
| total liabilities | 5,660,000 | 6,479,000 | 7,082,000 | 6,723,000 | 4,865,000 | 3,785,000 | 3,994,000 | 2,848,000 | 2,990,083 | 2,200,699 | 142,102 | 92,135 | 209,202 |
| net assets | -1,407,000 | -1,672,000 | -2,199,000 | -2,345,000 | -1,684,000 | -665,000 | -153,000 | -1,000 | 788,788 | 674,236 | 324,784 | 218,015 | 159,448 |
| total shareholders funds | -1,407,000 | -1,672,000 | -2,199,000 | -2,345,000 | -1,684,000 | -665,000 | -153,000 | -1,000 | 788,788 | 674,236 | 324,784 | 218,015 | 159,448 |
| Jan 2023 | Jan 2022 | Jan 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Jan 2017 | Dec 2015 | Dec 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 77,000 | 447,000 | 255,000 | -681,000 | -1,016,000 | -428,000 | 239,000 | -773,000 | |||||
| Depreciation | 29,000 | 31,000 | 39,000 | 62,000 | 58,000 | 56,000 | 74,000 | 47,000 | 47,622 | 21,182 | 8,751 | 4,967 | 3,343 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 11,000 | 13,000 | 11,000 | 13,126 | 11,250 | 11,250 | 11,250 | 11,250 |
| Tax | -10,000 | 173,000 | -14,000 | 123,000 | 107,000 | 85,000 | 10,000 | -62,000 | |||||
| Stock | 660,000 | -91,000 | -118,000 | 621,000 | -105,000 | -593,000 | 933,000 | -171,363 | 352,882 | 719,481 | 0 | 0 | 0 |
| Debtors | -529,000 | -132,000 | -576,000 | 528,000 | 97,000 | -448,000 | 2,524,000 | 376,661 | -484,877 | 1,538,951 | 164,169 | -8,141 | 97,237 |
| Creditors | -178,000 | -176,000 | -283,000 | 116,000 | -10,000 | -2,000 | 722,000 | -1,093,868 | 780,963 | 2,051,935 | 48,993 | -118,083 | 208,060 |
| Accruals and Deferred Income | -26,000 | -490,000 | 141,000 | 619,000 | 188,000 | -776,000 | 971,000 | 919,000 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | -6,000 | 6,000 | -2,215 | 8,421 | 6,662 | 974 | 1,016 | 1,142 |
| Cash flow from operations | -239,000 | 208,000 | 832,000 | -910,000 | -665,000 | -19,000 | -1,422,000 | -1,159,381 | |||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | -72,000 | 0 | 0 | 0 | 72,000 | 0 | 0 | -1,000,000 | 999,960 | 0 | 40 | 0 | 0 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -615,000 | 63,000 | 501,000 | 1,123,000 | 902,000 | 575,000 | 2,295,000 | 35,000 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 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 | 0 | 0 |
| share issue | |||||||||||||
| interest | -130,000 | -93,000 | -95,000 | -103,000 | -110,000 | -169,000 | -11,000 | 45,000 | |||||
| cash flow from financing | -745,000 | -30,000 | 406,000 | 1,020,000 | 792,000 | 406,000 | 2,283,000 | 80,212 | |||||
| cash and cash equivalents | |||||||||||||
| cash | -605,000 | 143,000 | 1,212,000 | 109,000 | -29,000 | 500,000 | 100,000 | -113,206 | 869 | 139,337 | 0 | -43,246 | 43,246 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -605,000 | 143,000 | 1,212,000 | 109,000 | -29,000 | 500,000 | 100,000 | -113,206 | 869 | 139,337 | 0 | -43,246 | 43,246 |
2squared agency limited Credit Report and Business Information
2squared Agency Limited Competitor Analysis
Perform a competitor analysis for 2squared agency limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
2squared agency limited Ownership
2SQUARED AGENCY LIMITED group structure
2Squared Agency Limited has no subsidiary companies.
Ultimate parent company
PENTLAND GROUP HOLDINGS LTD
#0135486
2 parents
2SQUARED AGENCY LIMITED
07056659
2squared agency limited directors
2Squared Agency Limited currently has 2 directors. The longest serving directors include Mr Regis Schultz (Sep 2022) and Mr Dominic Platt (Oct 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Regis Schultz | 55 years | Sep 2022 | - | Director | |
| Mr Dominic Platt | United Kingdom | 54 years | Oct 2023 | - | Director |
P&L
January 2023turnover
6.7m
-1%
operating profit
77k
-83%
gross margin
35.4%
-1.89%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
-1.4m
-0.16%
total assets
4.3m
-0.12%
cash
1.4m
-0.3%
net assets
Total assets minus all liabilities
Similar Companies
2squared agency limited company details
company number
07056659
Type
Private limited with Share Capital
industry
46420 - Wholesale of clothing and footwear
46160 - Agents involved in the sale of textiles, clothing, fur, footwear and leather goods
incorporation date
October 2009
age
15
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
edinburgh house, hollinsbrook way, bury, lancashire, BL9 8RR
last accounts submitted
January 2023
2squared agency 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 7 charges/mortgages relating to 2squared agency limited. Currently there are 1 open charges and 6 have been satisfied in the past.
2squared agency limited Companies House Filings - See Documents
| date | description | view/download |
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