2m accounting services ltd
2m accounting services ltd Company Information
Company Number
07402762
Next Accounts
Jul 2025
Shareholders
mark antony griffiths
mandy elizabeth harrison
Group Structure
View All
Industry
Bookkeeping activities
Registered Address
6 mill pool close, wombourne, wolverhampton, WV5 8HS
Website
-2m accounting services ltd Estimated Valuation
Pomanda estimates the enterprise value of 2M ACCOUNTING SERVICES LTD at £21.5k based on a Turnover of £66.6k and 0.32x industry multiple (adjusted for size and gross margin).
2m accounting services ltd Estimated Valuation
Pomanda estimates the enterprise value of 2M ACCOUNTING SERVICES LTD at £12k based on an EBITDA of £6.5k and a 1.85x industry multiple (adjusted for size and gross margin).
2m accounting services ltd Estimated Valuation
Pomanda estimates the enterprise value of 2M ACCOUNTING SERVICES LTD at £47.5k based on Net Assets of £14.3k and 3.31x industry multiple (adjusted for liquidity).
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2m Accounting Services Ltd Overview
2m Accounting Services Ltd is a live company located in wolverhampton, WV5 8HS with a Companies House number of 07402762. It operates in the bookkeeping activities sector, SIC Code 69202. Founded in October 2010, it's largest shareholder is mark antony griffiths with a 50% stake. 2m Accounting Services Ltd is a established, micro sized company, Pomanda has estimated its turnover at £66.6k with healthy growth in recent years.
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2m Accounting Services Ltd Health Check
Pomanda's financial health check has awarded 2M Accounting Services Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 2 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
2 Weak
Size
annual sales of £66.6k, make it in line with the average company (£82.2k)
£66.6k - 2m Accounting Services Ltd
£82.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (4.8%)
- 2m Accounting Services Ltd
4.8% - Industry AVG
Production
with a gross margin of 26.7%, this company has a higher cost of product (62.2%)
26.7% - 2m Accounting Services Ltd
62.2% - Industry AVG
Profitability
an operating margin of 7.5% make it as profitable than the average company (7.1%)
7.5% - 2m Accounting Services Ltd
7.1% - Industry AVG
Employees
with 2 employees, this is similar to the industry average (2)
2 - 2m Accounting Services Ltd
2 - Industry AVG
Pay Structure
on an average salary of £13.2k, the company has a lower pay structure (£16.8k)
£13.2k - 2m Accounting Services Ltd
£16.8k - Industry AVG
Efficiency
resulting in sales per employee of £33.3k, this is less efficient (£50.7k)
£33.3k - 2m Accounting Services Ltd
£50.7k - Industry AVG
Debtor Days
it gets paid by customers after 78 days, this is near the average (66 days)
78 days - 2m Accounting Services Ltd
66 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - 2m Accounting Services Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - 2m Accounting Services Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - 2m Accounting Services Ltd
- - Industry AVG
Debt Level
There is insufficient data available for this Key Performance Indicator!
- - 2m Accounting Services Ltd
- - Industry AVG
2M ACCOUNTING SERVICES LTD financials
2M Accounting Services Ltd's latest turnover from October 2023 is £66.6 thousand and the company has net assets of £14.3 thousand. According to their latest financial statements, 2M Accounting Services Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 66,558 | 55,223 | 49,595 | 50,584 | 52,060 | 45,321 | 42,107 | 36,406 | 29,549 | ||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | |||||||||||||
| Gross Profit | 46,230 | ||||||||||||
| Admin Expenses | 44,296 | ||||||||||||
| Operating Profit | 1,934 | ||||||||||||
| Interest Payable | |||||||||||||
| Interest Receivable | |||||||||||||
| Pre-Tax Profit | 4,599 | 1,550 | 2,937 | 1,934 | 3,841 | 1,689 | 1,503 | 571 | 11,524 | 9,972 | |||
| Tax | -874 | -295 | -558 | -368 | -485 | -321 | -203 | -204 | -52 | -120 | |||
| Profit After Tax | 3,725 | 1,255 | 2,379 | 1,566 | 3,356 | 1,368 | 1,300 | 367 | 11,472 | 9,852 | |||
| Dividends Paid | |||||||||||||
| Retained Profit | 3,725 | 1,255 | 2,379 | 1,566 | 3,356 | 1,368 | 1,300 | 367 | 11,472 | 9,852 | |||
| Employee Costs | 26,484 | 25,950 | 24,728 | 25,719 | 25,490 | 26,294 | 25,812 | 24,922 | 24,717 | 19,383 | |||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | ||||||||
| EBITDA* | 3,243 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,554 | 2,072 | 3,708 | 1,516 | 1,895 | 394 | 525 | 700 | 934 | 788 | 788 | 66 | |
| Intangible Assets | |||||||||||||
| Investments & Other | 100 | ||||||||||||
| Debtors (Due After 1 year) | |||||||||||||
| Total Fixed Assets | 1,554 | 2,072 | 3,708 | 1,516 | 1,895 | 394 | 525 | 700 | 1,034 | 788 | 788 | 66 | |
| Stock & work in progress | |||||||||||||
| Trade Debtors | 14,348 | 8,196 | 8,624 | 10,021 | 6,951 | 7,083 | 3,411 | 2,868 | 1,363 | 9,666 | 9,666 | 4,700 | |
| Group Debtors | |||||||||||||
| Misc Debtors | |||||||||||||
| Cash | 4,052 | 1,688 | 869 | 2,188 | |||||||||
| misc current assets | |||||||||||||
| total current assets | 14,348 | 8,196 | 8,624 | 4,052 | 10,021 | 6,951 | 7,083 | 3,411 | 2,868 | 1,363 | 11,354 | 10,535 | 6,888 |
| total assets | 14,348 | 9,750 | 10,696 | 7,760 | 11,537 | 8,846 | 7,477 | 3,936 | 3,568 | 2,397 | 12,142 | 11,323 | 6,954 |
| Bank overdraft | |||||||||||||
| Bank loan | |||||||||||||
| Trade Creditors | 33 | 1,395 | 1,100 | 871 | |||||||||
| Group/Directors Accounts | |||||||||||||
| other short term finances | |||||||||||||
| hp & lease commitments | |||||||||||||
| other current liabilities | |||||||||||||
| total current liabilities | 33 | 1,395 | 1,100 | 871 | |||||||||
| loans | |||||||||||||
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | |||||||||||||
| provisions | |||||||||||||
| total long term liabilities | |||||||||||||
| total liabilities | 33 | 1,395 | 1,100 | 871 | |||||||||
| net assets | 14,348 | 9,750 | 10,696 | 7,760 | 11,537 | 8,846 | 7,477 | 3,936 | 3,568 | 2,364 | 10,747 | 10,223 | 6,083 |
| total shareholders funds | 14,348 | 9,750 | 10,696 | 7,760 | 11,537 | 8,846 | 7,477 | 3,936 | 3,568 | 2,364 | 10,747 | 10,223 | 6,083 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 1,934 | ||||||||||||
| Depreciation | 1,554 | 518 | 1,636 | 1,309 | 379 | 99 | 131 | 175 | 165 | 194 | 138 | 12 | |
| Amortisation | |||||||||||||
| Tax | -874 | -295 | -558 | -368 | -485 | -321 | -203 | -204 | -52 | -120 | |||
| Stock | |||||||||||||
| Debtors | 6,152 | -428 | 8,624 | -10,021 | 3,070 | -132 | 3,672 | 543 | 1,505 | -8,303 | 4,966 | 4,700 | |
| Creditors | -33 | -1,362 | 295 | 229 | 871 | ||||||||
| Accruals and Deferred Income | |||||||||||||
| Deferred Taxes & Provisions | |||||||||||||
| Cash flow from operations | 12,896 | ||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | -100 | 100 | |||||||||||
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | |||||||||||||
| Other Short Term Loans | |||||||||||||
| Long term loans | |||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||
| other long term liabilities | |||||||||||||
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | 873 | -2,201 | 557 | -5,343 | -665 | 1 | 2,241 | 1 | -19,855 | -9,328 | |||
| cash and cash equivalents | |||||||||||||
| cash | -4,052 | 4,052 | -1,688 | 819 | -1,319 | 2,188 | |||||||
| overdraft | |||||||||||||
| change in cash | -4,052 | 4,052 | -1,688 | 819 | -1,319 | 2,188 |
2m accounting services ltd Credit Report and Business Information
2m Accounting Services Ltd Competitor Analysis
Perform a competitor analysis for 2m accounting services ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in WV5 area or any other competitors across 12 key performance metrics.
2m accounting services ltd Ownership
2M ACCOUNTING SERVICES LTD group structure
2M Accounting Services Ltd has no subsidiary companies.
Ultimate parent company
2M ACCOUNTING SERVICES LTD
07402762
2m accounting services ltd directors
2M Accounting Services Ltd currently has 2 directors. The longest serving directors include Mr Mark Griffiths (Oct 2010) and Mrs Mandy Harrison (Oct 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Griffiths | England | 58 years | Oct 2010 | - | Director |
| Mrs Mandy Harrison | England | 63 years | Oct 2010 | - | Director |
P&L
October 2023turnover
66.6k
+21%
operating profit
5k
0%
gross margin
26.8%
-31.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
14.3k
+0.47%
total assets
14.3k
+0.47%
cash
0
0%
net assets
Total assets minus all liabilities
2m accounting services ltd company details
company number
07402762
Type
Private limited with Share Capital
industry
69202 - Bookkeeping activities
incorporation date
October 2010
age
15
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
-
address
6 mill pool close, wombourne, wolverhampton, WV5 8HS
Bank
-
Legal Advisor
-
2m accounting services ltd 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 did not find charges/mortgages relating to 2m accounting services ltd.
2m accounting services ltd 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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2m accounting services ltd Companies House Filings - See Documents
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