cash 2 switch limited
cash 2 switch limited Company Information
Company Number
07897012
Website
www.cash2switch.co.ukRegistered Address
studio 1 13 morledge street, leicester, LE1 1TA
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Telephone
448000246165
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
c2s holdco ltd 100%
cash 2 switch limited Estimated Valuation
Pomanda estimates the enterprise value of CASH 2 SWITCH LIMITED at £1.3m based on a Turnover of £2.8m and 0.44x industry multiple (adjusted for size and gross margin).
cash 2 switch limited Estimated Valuation
Pomanda estimates the enterprise value of CASH 2 SWITCH LIMITED at £2.2m based on an EBITDA of £574.4k and a 3.83x industry multiple (adjusted for size and gross margin).
cash 2 switch limited Estimated Valuation
Pomanda estimates the enterprise value of CASH 2 SWITCH LIMITED at £5.1m based on Net Assets of £2.3m and 2.24x industry multiple (adjusted for liquidity).
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Cash 2 Switch Limited Overview
Cash 2 Switch Limited is a live company located in leicester, LE1 1TA with a Companies House number of 07897012. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in January 2012, it's largest shareholder is c2s holdco ltd with a 100% stake. Cash 2 Switch Limited is a established, small sized company, Pomanda has estimated its turnover at £2.8m with declining growth in recent years.
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Cash 2 Switch Limited Health Check
Pomanda's financial health check has awarded Cash 2 Switch Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 1 areas for improvement. Company Health Check FAQs
6 Strong
4 Regular
1 Weak
Size
annual sales of £2.8m, make it larger than the average company (£1.6m)
- Cash 2 Switch Limited
£1.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (5.5%)
- Cash 2 Switch Limited
5.5% - Industry AVG
Production
with a gross margin of 44.2%, this company has a comparable cost of product (44.2%)
- Cash 2 Switch Limited
44.2% - Industry AVG
Profitability
an operating margin of 20.2% make it more profitable than the average company (6.3%)
- Cash 2 Switch Limited
6.3% - Industry AVG
Employees
with 23 employees, this is above the industry average (15)
23 - Cash 2 Switch Limited
15 - Industry AVG
Pay Structure
on an average salary of £47.1k, the company has an equivalent pay structure (£47.1k)
- Cash 2 Switch Limited
£47.1k - Industry AVG
Efficiency
resulting in sales per employee of £123.2k, this is equally as efficient (£111.8k)
- Cash 2 Switch Limited
£111.8k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (56 days)
- Cash 2 Switch Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 376 days, this is slower than average (33 days)
- Cash 2 Switch Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Cash 2 Switch Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 52 weeks, this is more cash available to meet short term requirements (33 weeks)
52 weeks - Cash 2 Switch Limited
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 47.8%, this is a similar level of debt than the average (52.1%)
47.8% - Cash 2 Switch Limited
52.1% - Industry AVG
CASH 2 SWITCH LIMITED financials
Cash 2 Switch Limited's latest turnover from March 2023 is estimated at £2.8 million and the company has net assets of £2.3 million. According to their latest financial statements, Cash 2 Switch Limited has 23 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Jan 2014 | Jan 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | |||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | |||||||||||
| Tax | |||||||||||
| Profit After Tax | |||||||||||
| Dividends Paid | |||||||||||
| Retained Profit | |||||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 23 | 23 | 22 | 24 | 13 | 9 | 3 | 2 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Jan 2014 | Jan 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 646,068 | 226,340 | 6,035 | 7,100 | 8,353 | 7,044 | 3,769 | 3,611 | 3,927 | 4,371 | 4,675 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 646,068 | 226,340 | 6,035 | 7,100 | 8,353 | 7,044 | 3,769 | 3,611 | 3,927 | 4,371 | 4,675 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 299 | 0 | 15,613 | 0 | 1,872,536 | 0 | 0 | 0 | 2,000 | 2,000 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,658,524 | 880,640 | 743,100 | 742,600 | 0 | 3,048 | 2,000 | 2,000 | 0 | 0 | 0 |
| Cash | 2,086,126 | 2,278,540 | 1,882,265 | 1,571,066 | 0 | 1,221,511 | 1,135,566 | 376,775 | 315,229 | 210,777 | 31,098 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,744,949 | 3,159,180 | 2,640,978 | 2,313,666 | 1,872,536 | 1,224,559 | 1,137,566 | 378,775 | 317,229 | 212,777 | 31,098 |
| total assets | 4,391,017 | 3,385,520 | 2,647,013 | 2,320,766 | 1,880,889 | 1,231,603 | 1,141,335 | 382,386 | 321,156 | 217,148 | 35,773 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,632,728 | 1,167,700 | 1,008,214 | 904,692 | 1,015,462 | 507,527 | 430,782 | 119,327 | 202,404 | 174,780 | 33,373 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 432,857 | 417,375 | 246,779 | 283,447 | 0 | 209,153 | 352,698 | 106,180 | 0 | 0 | 0 |
| total current liabilities | 2,065,585 | 1,585,075 | 1,254,993 | 1,188,139 | 1,015,462 | 716,680 | 783,480 | 225,507 | 202,404 | 174,780 | 33,373 |
| loans | 31,666 | 41,666 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 51,733 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 1,338 | 754 | 0 | 0 | 0 | 0 |
| total long term liabilities | 31,666 | 41,666 | 50,000 | 0 | 51,733 | 1,338 | 754 | 0 | 0 | 0 | 0 |
| total liabilities | 2,097,251 | 1,626,741 | 1,304,993 | 1,188,139 | 1,067,195 | 718,018 | 784,234 | 225,507 | 202,404 | 174,780 | 33,373 |
| net assets | 2,293,766 | 1,758,779 | 1,342,020 | 1,132,627 | 813,694 | 513,585 | 357,101 | 156,879 | 118,752 | 42,368 | 2,400 |
| total shareholders funds | 2,293,766 | 1,758,779 | 1,342,020 | 1,132,627 | 813,694 | 513,585 | 357,101 | 156,879 | 118,752 | 42,368 | 2,400 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Jan 2014 | Jan 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 2,907 | 3,419 | 1,065 | 1,474 | 1,243 | 665 | 693 | 771 | 825 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 778,183 | 121,927 | 16,113 | -1,129,936 | 1,869,488 | 1,048 | 0 | 0 | 0 | 2,000 | 0 |
| Creditors | 465,028 | 159,486 | 103,522 | -110,770 | 507,935 | 76,745 | 311,455 | -83,077 | 27,624 | 141,407 | 33,373 |
| Accruals and Deferred Income | 15,482 | 170,596 | -36,668 | 231,714 | -157,420 | -143,545 | 246,518 | 106,180 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | -1,338 | 584 | 754 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -10,000 | -8,334 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | -192,414 | 396,275 | 311,199 | 1,571,066 | -1,221,511 | 85,945 | 758,791 | 61,546 | 104,452 | 179,679 | 31,098 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -192,414 | 396,275 | 311,199 | 1,571,066 | -1,221,511 | 85,945 | 758,791 | 61,546 | 104,452 | 179,679 | 31,098 |
cash 2 switch limited Credit Report and Business Information
Cash 2 Switch Limited Competitor Analysis
Perform a competitor analysis for cash 2 switch limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
cash 2 switch limited Ownership
CASH 2 SWITCH LIMITED group structure
Cash 2 Switch Limited has no subsidiary companies.
cash 2 switch limited directors
Cash 2 Switch Limited currently has 2 directors. The longest serving directors include Mr Aboobaker Sacranie (Jan 2012) and Mrs Mubina Sacranie (Mar 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Aboobaker Sacranie | England | 45 years | Jan 2012 | - | Director |
| Mrs Mubina Sacranie | England | 41 years | Mar 2013 | - | Director |
P&L
March 2023turnover
2.8m
-34%
operating profit
571.5k
0%
gross margin
44.2%
-0.81%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2.3m
+0.3%
total assets
4.4m
+0.3%
cash
2.1m
-0.08%
net assets
Total assets minus all liabilities
Similar Companies
cash 2 switch limited company details
company number
07897012
Type
Private limited with Share Capital
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
January 2012
age
12
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
studio 1 13 morledge street, leicester, LE1 1TA
last accounts submitted
March 2023
cash 2 switch 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 did not find charges/mortgages relating to cash 2 switch limited.
cash 2 switch limited Companies House Filings - See Documents
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