In 2 Gear Solutions Limited

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in 2 gear solutions limited Company Information

Live

EstablishedSmallHigh

Company Number

07197058

Next Accounts

Dec 2025

Industry

Sale of other motor vehicles

Directors

David Carberry

Shareholders

david richard carberry

Group Structure

View All

Contact

Registered Address

138 quay road, bridlington, north humberside, YO16 4JB

Website

in 2 gear solutions limited Estimated Valuation

£556.2k

Pomanda estimates the enterprise value of IN 2 GEAR SOLUTIONS LIMITED at £556.2k based on Net Assets of £191.3k and 2.91x industry multiple (adjusted for liquidity).

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In 2 Gear Solutions Limited is a live company located in north humberside, YO16 4JB with a Companies House number of 07197058. It operates in the sale of other motor vehicles sector, SIC Code 45190. Founded in March 2010, it's largest shareholder is david richard carberry with a 100% stake. In 2 Gear Solutions Limited is a established, small sized company, Pomanda has estimated its turnover at £523.1k with high growth in recent years.

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Pomanda's financial health check has awarded In 2 Gear Solutions Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £523.1k, make it smaller than the average company (£26.3m)

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (14.5%)

EXPORT

In 2 Gear Solutions Limited's latest turnover from March 2024 is estimated at £523.1 thousand and the company has net assets of £191.3 thousand. According to their latest financial statements, In 2 Gear Solutions Limited has 1 employee and maintains cash reserves of £21.8 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
Turnover	523,056	867,358	420,976	302,606	315,924	558,925	267,003	496,345	450,046	38,068	91,956	116,586	85,032	30,525
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	471,780	775,151	377,929	273,814	285,912	502,954	239,925	447,843	406,169	34,055	82,817	104,938	75,996	27,101
Gross Profit	51,276	92,206	43,047	28,792	30,012	55,971	27,077	48,502	43,877	4,013	9,139	11,648	9,036	3,424
Admin Expenses	104,698	8,774	-7,260	44,703	30,729	20,187	50,254	-29,092	-38,352	2,620	-4,851	4,254	8,978	3,434
Operating Profit	-53,422	83,432	50,307	-15,911	-717	35,784	-23,177	77,594	82,229	1,393	13,990	7,394	58	-10
Interest Payable	0	0	0	0	0	12	112	96	0	0	0	0	0	0
Interest Receivable	702	448	250	46	21	40	228	125	93	69	112	121	52	19
Pre-Tax Profit	-52,720	83,880	50,557	-15,865	-696	35,811	-23,061	77,623	82,323	1,462	14,103	7,516	109	10
Tax	0	-15,937	-9,606	0	0	-6,804	0	-15,524	-16,464	-307	-3,244	-1,804	-28	-3
Profit After Tax	-52,720	67,943	40,951	-15,865	-696	29,007	-23,061	62,098	65,858	1,155	10,859	5,712	81	7
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-52,720	67,943	40,951	-15,865	-696	29,007	-23,061	62,098	65,858	1,155	10,859	5,712	81	7
Employee Costs	43,813	40,993	37,966	36,537	36,575	35,430	33,295	33,100	32,494	32,046	31,025	30,663	29,399	29,284
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1	1	1	1
EBITDA*	-36,668	85,425	52,976	-9,479	7,584	35,784	-22,465	77,594	83,412	1,787	13,990	7,949	799	-10

* 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
Tangible Assets	50,259	67,013	56,159	18,016	23,868	32,011	2,182	2,351	35,426	1,838	1,251	1,668	2,223	0
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	50,259	67,013	56,159	18,016	23,868	32,011	2,182	2,351	35,426	1,838	1,251	1,668	2,223	0
Stock & work in progress	165,263	103,100	101,350	59,250	31,790	0	16,172	3,750	0	5,000	20,325	0	7,875	0
Trade Debtors	97,553	257,558	95,068	73,305	87,422	157,281	65,855	120,231	89,000	3,788	6,500	6,924	12,010	3,090
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	70,672	0	0	8,217	22,445	0	0	0
Cash	21,826	4,907	16,187	50,522	41,794	0	10,599	80,738	19,100	18,234	9,348	35,559	12,964	7,719
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	284,642	365,565	212,605	183,077	161,006	157,281	163,298	204,719	108,100	35,239	58,618	42,483	32,849	10,809
total assets	334,901	432,578	268,764	201,093	184,874	189,292	165,480	207,070	143,526	37,077	59,869	44,151	35,072	10,809
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	88,854	135,921	37,535	50,622	16,086	18,701	0	0	39,853	19,262	43,209	38,350	34,983	7,711
Group/Directors Accounts	0	0	0	0	0	0	257	476	0	0	0	0	0	3,090
other short term finances	0	0	0	0	0	0	370	3,082	0	0	0	0	0	0
hp & lease commitments	0	0	0	8,200	8,200	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	42,143	57,741	0	0	0	0	0	0
total current liabilities	88,854	135,921	37,535	58,822	24,286	18,701	42,770	61,299	39,853	19,262	43,209	38,350	34,983	10,801
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	1,367	9,567	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
other liabilities	54,717	52,607	55,122	5,748	0	0	0	0	20,000	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	54,717	52,607	55,122	7,115	9,567	18,875	0	0	20,000	0	0	0	0	0
total liabilities	143,571	188,528	92,657	65,937	33,853	37,576	42,770	61,299	59,853	19,262	43,209	38,350	34,983	10,801
net assets	191,330	244,050	176,107	135,156	151,021	151,716	122,710	145,771	83,673	17,815	16,660	5,801	89	8
total shareholders funds	191,330	244,050	176,107	135,156	151,021	151,716	122,710	145,771	83,673	17,815	16,660	5,801	89	8

	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
Operating Activities
Operating Profit	-53,422	83,432	50,307	-15,911	-717	35,784	-23,177	77,594	82,229	1,393	13,990	7,394	58	-10
Depreciation	16,754	1,993	2,669	6,432	8,301	0	712	0	1,183	394	0	555	741	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-15,937	-9,606	0	0	-6,804	0	-15,524	-16,464	-307	-3,244	-1,804	-28	-3
Stock	62,163	1,750	42,100	27,460	31,790	-16,172	12,422	3,750	-5,000	-15,325	20,325	-7,875	7,875	0
Debtors	-160,005	162,490	21,763	-14,117	-69,859	20,754	16,296	31,231	76,995	-16,940	22,021	-5,086	8,920	3,090
Creditors	-47,067	98,386	-13,087	34,536	-2,615	18,701	0	-39,853	20,591	-23,947	4,859	3,367	27,272	7,711
Accruals and Deferred Income	0	0	0	0	0	-42,143	-15,598	57,741	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	14,107	3,634	-33,580	11,714	43,038	956	-66,781	44,977	15,544	9,798	-26,741	22,473	11,248	4,608
Investing Activities
capital expenditure	0	-12,847	-40,812	-580	-158	-29,829	-543	33,075	-34,771	-981	417	0	-2,964	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-12,847	-40,812	-580	-158	-29,829	-543	33,075	-34,771	-981	417	0	-2,964	0
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	-257	-219	476	0	0	0	0	-3,090	3,090
Other Short Term Loans	0	0	0	0	0	-370	-2,712	3,082	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	-9,567	-8,200	17,767	0	0	0	0	0	0	0	0	0
other long term liabilities	2,110	-2,515	49,374	5,748	0	0	0	-20,000	20,000	0	0	0	0	0
share issue	0	0	0	0	1	-1	0	0	0	0	0	0	0	1
interest	702	448	250	46	21	28	116	29	93	69	112	121	52	19
cash flow from financing	2,812	-2,067	40,057	-2,406	17,789	-600	-2,815	-16,413	20,093	69	112	121	-3,038	3,110
cash and cash equivalents
cash	16,919	-11,280	-34,335	8,728	41,794	-10,599	-70,139	61,638	866	8,886	-26,211	22,595	5,245	7,719
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	16,919	-11,280	-34,335	8,728	41,794	-10,599	-70,139	61,638	866	8,886	-26,211	22,595	5,245	7,719

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for in 2 gear solutions limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in YO16 area or any other competitors across 12 key performance metrics.

IN 2 GEAR SOLUTIONS LIMITED group structure

In 2 Gear Solutions Limited has no subsidiary companies.

Ultimate parent company

IN 2 GEAR SOLUTIONS LIMITED

07197058

IN 2 GEAR SOLUTIONS LIMITED Shareholders

david richard carberry

100%

In 2 Gear Solutions Limited currently has 1 director, Mr David Carberry serving since Mar 2010.

officer	country	age	start	end	role
Mr David Carberry	Northern Ireland	54 years	Mar 2010	-	Director

P&L

March 2024

turnover

523.1k

-40%

operating profit

-53.4k

gross margin

9.9%

-7.78%

turnover

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

Balance Sheet

March 2024

net assets

191.3k

-0.22%

total assets

334.9k

-0.23%

cash

21.8k

+3.45%

net assets

Total assets minus all liabilities

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company number

07197058

Type

Private limited with Share Capital

industry

45190 - Sale of other motor vehicles

incorporation date

March 2010

ultimate parent company

None

previous names

N/A

address

138 quay road, bridlington, north humberside, YO16 4JB

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in 2 gear solutions limited Company Information

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in 2 gear solutions limited Estimated Valuation

in 2 gear solutions limited Estimated Valuation

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