two circles limited
two circles limited Company Information
Company Number
07753583
Next Accounts
Sep 2025
Shareholders
two circles group limited
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
c/o corporation service company, 5 churchill place, london, E14 5HU
Website
http://www.twocircles.comtwo circles limited Estimated Valuation
Pomanda estimates the enterprise value of TWO CIRCLES LIMITED at £37.9m based on a Turnover of £36.3m and 1.04x industry multiple (adjusted for size and gross margin).
two circles limited Estimated Valuation
Pomanda estimates the enterprise value of TWO CIRCLES LIMITED at £58m based on an EBITDA of £7.6m and a 7.65x industry multiple (adjusted for size and gross margin).
two circles limited Estimated Valuation
Pomanda estimates the enterprise value of TWO CIRCLES LIMITED at £56.5m based on Net Assets of £26.5m and 2.13x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Two Circles Limited Overview
Two Circles Limited is a live company located in london, E14 5HU with a Companies House number of 07753583. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in August 2011, it's largest shareholder is two circles group limited with a 100% stake. Two Circles Limited is a established, large sized company, Pomanda has estimated its turnover at £36.3m with rapid growth in recent years.
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Two Circles Limited Health Check
Pomanda's financial health check has awarded Two Circles Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
3 Weak
Size
annual sales of £36.3m, make it larger than the average company (£4.8m)
£36.3m - Two Circles Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (6.6%)
35% - Two Circles Limited
6.6% - Industry AVG
Production
with a gross margin of 38.3%, this company has a comparable cost of product (38.3%)
38.3% - Two Circles Limited
38.3% - Industry AVG
Profitability
an operating margin of 15.1% make it more profitable than the average company (5.7%)
15.1% - Two Circles Limited
5.7% - Industry AVG
Employees
with 249 employees, this is above the industry average (27)
249 - Two Circles Limited
27 - Industry AVG
Pay Structure
on an average salary of £56.7k, the company has an equivalent pay structure (£54k)
£56.7k - Two Circles Limited
£54k - Industry AVG
Efficiency
resulting in sales per employee of £145.7k, this is less efficient (£171.4k)
£145.7k - Two Circles Limited
£171.4k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is later than average (42 days)
62 days - Two Circles Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 51 days, this is slower than average (32 days)
51 days - Two Circles Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Two Circles Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (22 weeks)
5 weeks - Two Circles Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 60%, this is a similar level of debt than the average (62.5%)
60% - Two Circles Limited
62.5% - Industry AVG
TWO CIRCLES LIMITED financials
Two Circles Limited's latest turnover from December 2023 is £36.3 million and the company has net assets of £26.5 million. According to their latest financial statements, Two Circles Limited has 249 employees and maintains cash reserves of £4.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Aug 2014 | Aug 2013 | Aug 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 36,270,000 | 27,035,000 | 19,713,000 | 14,638,000 | 14,187,000 | 10,825,467 | 10,854,206 | 6,109,005 | 5,220,906 | 2,669,889 | ||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | 5,474,000 | 5,750,000 | 4,449,000 | 1,222,000 | 2,866,000 | 1,759,178 | 2,586,792 | 1,244,926 | 777,115 | 512,369 | ||
| Interest Payable | 391,000 | 324,000 | 316,000 | 55,000 | 50,000 | 28 | ||||||
| Interest Receivable | 7,000 | 8,000 | 3,000 | 6,000 | 4,933 | 731 | 122 | 94 | 83 | |||
| Pre-Tax Profit | 7,348,000 | 8,322,000 | 6,544,000 | 1,170,000 | 3,146,000 | 1,764,111 | 2,587,523 | 1,245,048 | 777,180 | 512,452 | ||
| Tax | -1,494,000 | -965,000 | -1,016,000 | -525,000 | -523,000 | -349,592 | -507,935 | -267,066 | -146,336 | -106,978 | ||
| Profit After Tax | 5,854,000 | 7,357,000 | 5,528,000 | 645,000 | 2,623,000 | 1,414,519 | 2,079,588 | 977,982 | 630,844 | 405,474 | ||
| Dividends Paid | 2,080,000 | 1,345,000 | 498,371 | 288,689 | ||||||||
| Retained Profit | 5,854,000 | 7,357,000 | 5,528,000 | 645,000 | 2,623,000 | -665,481 | 734,588 | 977,982 | 132,473 | 116,785 | ||
| Employee Costs | 14,126,000 | 12,241,000 | 7,399,000 | 7,600,000 | 7,868,000 | 6,675,397 | 5,919,358 | 3,633,645 | 2,894,680 | |||
| Number Of Employees | 249 | 196 | 142 | 136 | 136 | 129 | 2 | 2 | ||||
| EBITDA* | 7,589,000 | 7,068,000 | 5,614,000 | 1,965,000 | 3,555,000 | 1,818,138 | 2,630,890 | 1,268,162 | 792,910 | 523,311 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Aug 2014 | Aug 2013 | Aug 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 338,000 | 164,000 | 1,763,000 | 914,000 | 724,000 | 64,938 | 162,510 | 70,900 | 26,911 | 16,122 | 13,736 | 4,704 |
| Intangible Assets | 5,387,000 | 2,712,000 | 1,441,000 | 710,000 | 21,480 | |||||||
| Investments & Other | 39,670,000 | 26,509,000 | 13,504,000 | 9,751,000 | 79,000 | 785 | ||||||
| Debtors (Due After 1 year) | 408,000 | 254,000 | 119,000 | 132,478 | 8,883 | |||||||
| Total Fixed Assets | 45,803,000 | 29,385,000 | 16,962,000 | 11,375,000 | 922,000 | 198,201 | 171,393 | 70,900 | 26,911 | 16,122 | 35,216 | 4,704 |
| Stock & work in progress | 22,704 | |||||||||||
| Trade Debtors | 6,211,000 | 3,865,000 | 2,290,000 | 1,427,000 | 2,074,000 | 1,244,687 | 1,548,396 | 1,105,108 | 754,421 | 414,231 | 381,760 | 106,680 |
| Group Debtors | 1,958,000 | 6,004,000 | 3,171,000 | 1,727,000 | 71,000 | 332,674 | 109,184 | 43,775 | ||||
| Misc Debtors | 7,930,000 | 4,649,000 | 2,071,000 | 1,113,000 | 434,000 | 127,359 | 80,889 | 221,753 | 149,235 | 43,670 | ||
| Cash | 4,292,000 | 4,778,000 | 2,446,000 | 4,260,000 | 4,069,000 | 2,301,995 | 2,863,682 | 1,456,267 | 509,953 | 437,709 | 327,068 | 154,736 |
| misc current assets | ||||||||||||
| total current assets | 20,391,000 | 19,296,000 | 9,978,000 | 8,527,000 | 6,648,000 | 4,029,419 | 4,492,967 | 2,892,312 | 1,457,384 | 895,610 | 708,828 | 261,416 |
| total assets | 66,194,000 | 48,681,000 | 26,940,000 | 19,902,000 | 7,570,000 | 4,227,620 | 4,664,360 | 2,963,212 | 1,484,295 | 911,732 | 744,044 | 266,120 |
| Bank overdraft | 44,000 | 34,959 | 25,015 | 13,776 | 957 | 1,854 | ||||||
| Bank loan | ||||||||||||
| Trade Creditors | 3,132,000 | 2,066,000 | 843,000 | 1,195,000 | 60,000 | 305,573 | 102,124 | 88,997 | 141,166 | 144,071 | 603,470 | 228,299 |
| Group/Directors Accounts | 18,449,000 | 15,228,000 | 6,576,000 | 7,151,000 | 531,000 | 1,244,249 | 9,104 | |||||
| other short term finances | 824,000 | 824,000 | 66,678 | |||||||||
| hp & lease commitments | 1,490,000 | 799,000 | 979,000 | 897,000 | 658,000 | |||||||
| other current liabilities | 15,142,000 | 10,053,000 | 3,835,000 | 3,236,000 | 2,239,000 | 1,227,396 | 2,456,298 | 1,505,000 | 973,818 | 463,250 | ||
| total current liabilities | 38,213,000 | 28,146,000 | 13,057,000 | 13,303,000 | 3,532,000 | 2,812,177 | 2,583,437 | 1,616,877 | 1,115,941 | 675,853 | 603,470 | 228,299 |
| loans | ||||||||||||
| hp & lease commitments | 1,512,000 | 798,000 | ||||||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | ||||||||||||
| provisions | ||||||||||||
| total long term liabilities | 1,512,000 | 798,000 | ||||||||||
| total liabilities | 39,725,000 | 28,146,000 | 13,855,000 | 13,303,000 | 3,532,000 | 2,812,177 | 2,583,437 | 1,616,877 | 1,115,941 | 675,853 | 603,470 | 228,299 |
| net assets | 26,469,000 | 20,535,000 | 13,085,000 | 6,599,000 | 4,038,000 | 1,415,443 | 2,080,923 | 1,346,335 | 368,354 | 235,879 | 140,574 | 37,821 |
| total shareholders funds | 26,469,000 | 20,535,000 | 13,085,000 | 6,599,000 | 4,038,000 | 1,415,443 | 2,080,923 | 1,346,335 | 368,354 | 235,879 | 140,574 | 37,821 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Aug 2014 | Aug 2013 | Aug 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 5,474,000 | 5,750,000 | 4,449,000 | 1,222,000 | 2,866,000 | 1,759,178 | 2,586,792 | 1,244,926 | 777,115 | 512,369 | ||
| Depreciation | 1,287,000 | 1,054,000 | 945,000 | 733,000 | 689,000 | 58,960 | 44,098 | 23,236 | 15,795 | 6,931 | 3,212 | 541 |
| Amortisation | 828,000 | 264,000 | 220,000 | 10,000 | 4,011 | 4,722 | ||||||
| Tax | -1,494,000 | -965,000 | -1,016,000 | -525,000 | -523,000 | -349,592 | -507,935 | -267,066 | -146,336 | -106,978 | ||
| Stock | -22,704 | 22,704 | ||||||||||
| Debtors | 1,989,000 | 6,732,000 | 3,519,000 | 1,569,000 | 860,802 | 199,030 | 202,123 | 488,614 | 489,530 | 76,141 | 275,080 | 106,680 |
| Creditors | 1,066,000 | 1,223,000 | -352,000 | 1,135,000 | -245,573 | 203,449 | 13,127 | -52,169 | -2,905 | -459,399 | 375,171 | 228,299 |
| Accruals and Deferred Income | 5,089,000 | 6,218,000 | 599,000 | 997,000 | 1,011,604 | -1,228,902 | 951,298 | 531,182 | 510,568 | 463,250 | ||
| Deferred Taxes & Provisions | ||||||||||||
| Cash flow from operations | 10,261,000 | 6,812,000 | 1,326,000 | 2,003,000 | 2,959,933 | 221,359 | 2,885,257 | 991,495 | 664,707 | 344,043 | ||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 13,161,000 | 13,005,000 | 3,753,000 | 9,672,000 | 78,215 | 785 | ||||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | 3,221,000 | 8,652,000 | -575,000 | 6,620,000 | -713,249 | 1,244,249 | -9,104 | 9,104 | ||||
| Other Short Term Loans | -824,000 | 824,000 | -66,678 | 66,678 | ||||||||
| Long term loans | ||||||||||||
| Hire Purchase and Lease Commitments | 2,203,000 | -978,000 | 880,000 | 239,000 | 658,000 | |||||||
| other long term liabilities | ||||||||||||
| share issue | ||||||||||||
| interest | -391,000 | -317,000 | -308,000 | -52,000 | -44,000 | 4,933 | 731 | 122 | 66 | 83 | ||
| cash flow from financing | 5,113,000 | 6,626,000 | 955,000 | 9,547,000 | -99,692 | 1,249,183 | -8,373 | 9,225 | -66,610 | 45,281 | ||
| cash and cash equivalents | ||||||||||||
| cash | -486,000 | 2,332,000 | -1,814,000 | 191,000 | 1,767,005 | -561,687 | 1,407,415 | 946,314 | 72,244 | 110,641 | 172,332 | 154,736 |
| overdraft | -44,000 | 9,041 | 9,944 | 11,239 | 12,819 | -897 | 1,854 | |||||
| change in cash | -486,000 | 2,332,000 | -1,814,000 | 235,000 | 1,757,964 | -571,631 | 1,396,176 | 933,495 | 73,141 | 108,787 | 172,332 | 154,736 |
two circles limited Credit Report and Business Information
Two Circles Limited Competitor Analysis
Perform a competitor analysis for two circles limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in E14 area or any other competitors across 12 key performance metrics.
two circles limited Ownership
TWO CIRCLES LIMITED group structure
Two Circles Limited has 6 subsidiary companies.
Ultimate parent company
TWO CIRCLES HOLDINGS LTD
#0166414
2 parents
TWO CIRCLES LIMITED
07753583
6 subsidiaries
two circles limited directors
Two Circles Limited currently has 4 directors. The longest serving directors include Mr Gareth Balch (Aug 2011) and Mr Jeffrey Roth (Mar 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gareth Balch | United Kingdom | 41 years | Aug 2011 | - | Director |
| Mr Jeffrey Roth | 40 years | Mar 2020 | - | Director | |
| Mr George Pyne | England | 59 years | Mar 2020 | - | Director |
| Mr Tim Thomas | United Kingdom | 52 years | Jan 2023 | - | Director |
P&L
December 2023turnover
36.3m
+34%
operating profit
5.5m
-5%
gross margin
38.3%
-0.24%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
26.5m
+0.29%
total assets
66.2m
+0.36%
cash
4.3m
-0.1%
net assets
Total assets minus all liabilities
two circles limited company details
company number
07753583
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
August 2011
age
14
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
circles enterprises limited (February 2012)
accountant
-
auditor
BDO LLP
address
c/o corporation service company, 5 churchill place, london, E14 5HU
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
two circles 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 8 charges/mortgages relating to two circles limited. Currently there are 4 open charges and 4 have been satisfied in the past.
two circles 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.
Click to start generating capital raising & share issue transactions for TWO CIRCLES LIMITED. This can take several minutes, an email will notify you when this has completed.
two circles limited Companies House Filings - See Documents
| date | description | view/download |
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