generation two limited
generation two limited Company Information
Company Number
08008574
Next Accounts
Sep 2025
Shareholders
john otterson
miles gorton
View AllGroup Structure
View All
Industry
Activities of head offices
Registered Address
coolair house globe lane, dukinfield, cheshire, SK16 4UJ
Website
-generation two limited Estimated Valuation
Pomanda estimates the enterprise value of GENERATION TWO LIMITED at £13.4m based on a Turnover of £22.1m and 0.61x industry multiple (adjusted for size and gross margin).
generation two limited Estimated Valuation
Pomanda estimates the enterprise value of GENERATION TWO LIMITED at £804.8k based on an EBITDA of £173k and a 4.65x industry multiple (adjusted for size and gross margin).
generation two limited Estimated Valuation
Pomanda estimates the enterprise value of GENERATION TWO LIMITED at £8.9m based on Net Assets of £4.2m and 2.14x industry multiple (adjusted for liquidity).
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Generation Two Limited Overview
Generation Two Limited is a live company located in cheshire, SK16 4UJ with a Companies House number of 08008574. It operates in the activities of head offices sector, SIC Code 70100. Founded in March 2012, it's largest shareholder is john otterson with a 28% stake. Generation Two Limited is a established, large sized company, Pomanda has estimated its turnover at £22.1m with low growth in recent years.
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Generation Two Limited Health Check
Pomanda's financial health check has awarded Generation Two Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £22.1m, make it in line with the average company (£20.3m)
£22.1m - Generation Two Limited
£20.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (7.4%)
- Generation Two Limited
7.4% - Industry AVG
Production
with a gross margin of 18.6%, this company has a higher cost of product (33.6%)
18.6% - Generation Two Limited
33.6% - Industry AVG
Profitability
an operating margin of -0.5% make it less profitable than the average company (5.9%)
-0.5% - Generation Two Limited
5.9% - Industry AVG
Employees
with 51 employees, this is below the industry average (110)
51 - Generation Two Limited
110 - Industry AVG
Pay Structure
on an average salary of £69.8k, the company has a higher pay structure (£49.7k)
£69.8k - Generation Two Limited
£49.7k - Industry AVG
Efficiency
resulting in sales per employee of £433k, this is more efficient (£205.6k)
£433k - Generation Two Limited
£205.6k - Industry AVG
Debtor Days
it gets paid by customers after 71 days, this is later than average (45 days)
71 days - Generation Two Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is close to average (42 days)
41 days - Generation Two Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (49 days)
0 days - Generation Two Limited
49 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (15 weeks)
0 weeks - Generation Two Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49.2%, this is a lower level of debt than the average (55.6%)
49.2% - Generation Two Limited
55.6% - Industry AVG
GENERATION TWO LIMITED financials
Generation Two Limited's latest turnover from December 2023 is £22.1 million and the company has net assets of £4.2 million. According to their latest financial statements, Generation Two Limited has 51 employees and maintains cash reserves of £2.4 thousand 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 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 22,084,414 | 17,935,050 | 17,913,699 | 21,977,836 | 25,779,548 | 22,093,861 | 25,993,812 | 27,921,543 | 28,216,990 | 27,961,511 | 23,476,619 | 16,364,782 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 17,974,731 | 15,392,025 | 14,629,629 | 18,318,206 | 20,875,604 | 18,626,028 | 21,343,043 | 22,439,010 | 22,487,923 | 22,822,153 | 19,415,633 | 12,819,951 |
| Gross Profit | 4,109,683 | 2,543,025 | 3,284,070 | 3,659,630 | 4,903,944 | 3,467,833 | 4,650,769 | 5,482,533 | 5,729,067 | 5,139,358 | 4,060,986 | 3,544,831 |
| Admin Expenses | 4,212,555 | 4,663,633 | 3,597,768 | 3,339,816 | 4,488,042 | 4,468,924 | 4,681,336 | 4,779,708 | 4,561,039 | 3,860,074 | 3,852,721 | 2,825,232 |
| Operating Profit | -102,872 | -2,120,608 | -313,698 | 319,814 | 415,902 | -1,001,091 | -30,567 | 702,825 | 1,168,028 | 1,279,284 | 208,265 | 719,599 |
| Interest Payable | 7,505 | 7,290 | 5,704 | 2,231 | 406 | 717 | 766 | 3,271 | 7,579 | 12,282 | 15,324 | 13,013 |
| Interest Receivable | 7,288 | 4,323 | 790 | 4,844 | 5,247 | 3,934 | 1,484 | 1,636 | 2,782 | 2,767 | 3,298 | 3,847 |
| Pre-Tax Profit | -103,089 | -2,123,575 | -318,612 | 322,427 | 420,743 | -997,874 | -29,849 | 701,190 | 1,163,231 | 1,076,625 | 196,239 | 710,433 |
| Tax | 44,155 | 0 | 11,953 | -122,064 | -152,317 | 110,368 | -83,502 | -218,294 | -320,692 | -328,391 | -115,381 | -194,428 |
| Profit After Tax | -58,934 | -2,123,575 | -306,659 | 200,363 | 268,426 | -887,506 | -113,351 | 482,896 | 842,539 | 748,234 | 80,858 | 516,005 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -58,934 | -2,123,575 | -306,659 | 200,363 | 268,426 | -887,506 | -113,351 | 482,896 | 842,539 | 748,234 | 80,858 | 516,005 |
| Employee Costs | 3,558,717 | 4,110,127 | 3,357,106 | 3,557,945 | 3,853,687 | 3,980,645 | 4,085,935 | 4,296,501 | 3,988,060 | 3,502,026 | 3,401,145 | 2,209,074 |
| Number Of Employees | 51 | 58 | 59 | 73 | 74 | 81 | 87 | 93 | 93 | 89 | 86 | 84 |
| EBITDA* | 173,023 | -1,846,090 | -41,900 | 585,826 | 690,333 | -731,973 | 247,311 | 979,540 | 1,441,518 | 1,555,365 | 479,144 | 886,879 |
* 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 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 790,990 | 842,542 | 899,285 | 940,588 | 988,149 | 1,047,360 | 1,060,727 | 634,687 | 699,834 | 717,814 | 965,850 | 953,975 |
| Intangible Assets | 1,609,528 | 1,802,672 | 1,995,816 | 2,188,960 | 2,382,104 | 2,575,248 | 2,768,392 | 2,961,536 | 3,154,680 | 3,347,824 | 3,540,968 | 3,734,112 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 193,925 | 193,925 | 193,925 | 0 | 0 |
| Debtors (Due After 1 year) | 412,995 | 336,437 | 634,832 | 852,642 | 1,123,468 | 601,310 | 926,962 | 1,042,779 | 743,116 | 663,092 | 645,934 | 989,600 |
| Total Fixed Assets | 2,813,513 | 2,981,651 | 3,529,933 | 3,982,190 | 4,493,721 | 4,223,918 | 4,756,081 | 4,832,927 | 4,791,555 | 4,922,655 | 5,152,752 | 5,677,687 |
| Stock & work in progress | 16,515 | 15,995 | 18,219 | 18,905 | 34,805 | 37,382 | 45,784 | 52,557 | 48,159 | 59,191 | 59,103 | 80,533 |
| Trade Debtors | 4,298,242 | 4,109,777 | 3,637,194 | 4,921,995 | 6,458,258 | 5,529,968 | 7,593,912 | 6,752,509 | 7,057,677 | 6,817,272 | 7,166,598 | 6,809,037 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,071,670 | 536,624 | 598,465 | 263,559 | 478,335 | 302,297 | 212,573 | 365,676 | 201,224 | 217,610 | 219,212 | 188,306 |
| Cash | 2,415 | 225,741 | 1,162,431 | 1,831,302 | 856,962 | 789,506 | 226,190 | 1,176,951 | 829,075 | 470,098 | 361,767 | 156,177 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,388,842 | 4,888,137 | 5,416,309 | 7,035,761 | 7,828,360 | 6,659,153 | 8,078,459 | 8,347,693 | 8,136,135 | 7,564,171 | 7,806,680 | 7,234,053 |
| total assets | 8,202,355 | 7,869,788 | 8,946,242 | 11,017,951 | 12,322,081 | 10,883,071 | 12,834,540 | 13,180,620 | 12,927,690 | 12,486,826 | 12,959,432 | 12,911,740 |
| Bank overdraft | 891,006 | 537,494 | 133,581 | 0 | 415,311 | 143,334 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 95,147 | 95,147 | 659,535 | 87,157 |
| Trade Creditors | 2,021,863 | 1,966,322 | 1,598,454 | 2,647,691 | 3,644,801 | 2,959,869 | 3,640,572 | 3,885,495 | 3,729,668 | 3,334,092 | 4,027,500 | 4,042,505 |
| Group/Directors Accounts | 0 | 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 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,109,218 | 1,082,615 | 807,275 | 1,416,598 | 1,477,855 | 1,229,995 | 1,726,589 | 1,673,528 | 1,904,920 | 2,587,239 | 1,875,290 | 2,242,995 |
| total current liabilities | 4,022,087 | 3,586,431 | 2,539,310 | 4,064,289 | 5,537,967 | 4,333,198 | 5,367,161 | 5,559,023 | 5,729,735 | 6,016,478 | 6,562,325 | 6,372,657 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,121 | 115,053 | 790,046 | 302,678 |
| hp & lease commitments | 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 |
| other liabilities | 0 | 0 | 0 | 15,000 | 40,000 | 80,000 | 110,000 | 145,000 | 190,000 | 210,000 | 210,000 | 910,000 |
| provisions | 11,447 | 55,602 | 55,602 | 0 | 5,815 | 0 | 0 | 5,867 | 0 | 0 | 0 | 10,400 |
| total long term liabilities | 11,447 | 55,602 | 55,602 | 15,000 | 45,815 | 80,000 | 110,000 | 150,867 | 210,121 | 325,053 | 1,000,046 | 1,223,078 |
| total liabilities | 4,033,534 | 3,642,033 | 2,594,912 | 4,079,289 | 5,583,782 | 4,413,198 | 5,477,161 | 5,709,890 | 5,939,856 | 6,341,531 | 7,562,371 | 7,595,735 |
| net assets | 4,168,821 | 4,227,755 | 6,351,330 | 6,938,662 | 6,738,299 | 6,469,873 | 7,357,379 | 7,470,730 | 6,987,834 | 6,145,295 | 5,397,061 | 5,316,005 |
| total shareholders funds | 4,168,821 | 4,227,755 | 6,351,330 | 6,938,662 | 6,738,299 | 6,469,873 | 7,357,379 | 7,470,730 | 6,987,834 | 6,145,295 | 5,397,061 | 5,316,005 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | -102,872 | -2,120,608 | -313,698 | 319,814 | 415,902 | -1,001,091 | -30,567 | 702,825 | 1,168,028 | 1,279,284 | 208,265 | 719,599 |
| Depreciation | 82,751 | 81,374 | 78,654 | 72,868 | 81,287 | 75,974 | 84,734 | 83,571 | 80,346 | 82,937 | 77,735 | 38,518 |
| Amortisation | 193,144 | 193,144 | 193,144 | 193,144 | 193,144 | 193,144 | 193,144 | 193,144 | 193,144 | 193,144 | 193,144 | 128,762 |
| Tax | 44,155 | 0 | 11,953 | -122,064 | -152,317 | 110,368 | -83,502 | -218,294 | -320,692 | -328,391 | -115,381 | -194,428 |
| Stock | 520 | -2,224 | -686 | -15,900 | -2,577 | -8,402 | -6,773 | 4,398 | -11,032 | 88 | -21,430 | 80,533 |
| Debtors | 800,069 | 112,347 | -1,167,705 | -2,021,865 | 1,626,486 | -2,299,872 | 572,483 | 158,947 | 304,043 | -333,770 | 44,801 | 7,986,943 |
| Creditors | 55,541 | 367,868 | -1,049,237 | -997,110 | 684,932 | -680,703 | -244,923 | 155,827 | 395,576 | -693,408 | -15,005 | 4,042,505 |
| Accruals and Deferred Income | 26,603 | 275,340 | -609,323 | -61,257 | 247,860 | -496,594 | 53,061 | -231,392 | -682,319 | 711,949 | -367,705 | 2,242,995 |
| Deferred Taxes & Provisions | -44,155 | 0 | 55,602 | -5,815 | 5,815 | 0 | -5,867 | 5,867 | 0 | 0 | -10,400 | 10,400 |
| Cash flow from operations | -545,422 | -1,313,005 | -464,514 | 1,437,345 | -147,286 | 509,372 | -599,630 | 528,203 | 541,072 | 1,579,197 | -52,718 | -1,079,125 |
| Investing Activities | ||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -62,607 | -316,849 | -18,424 | -62,366 | -28,826 | -89,612 | -113,170 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | -193,925 | 0 | 0 | 193,925 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -62,607 | -122,924 | -18,424 | -62,366 | -222,751 | -89,612 | -113,170 |
| Financing Activities | ||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -95,147 | 0 | -564,388 | 572,378 | 87,157 |
| Group/Directors Accounts | 0 | 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 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -20,121 | -94,932 | -674,993 | 487,368 | 302,678 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -15,000 | -25,000 | -40,000 | -30,000 | -35,000 | -45,000 | -20,000 | 0 | -700,000 | 910,000 |
| share issue | ||||||||||||
| interest | -217 | -2,967 | -4,914 | 2,613 | 4,841 | 3,217 | 718 | -1,635 | -4,797 | -9,515 | -12,026 | -9,166 |
| cash flow from financing | -217 | -2,967 | -300,587 | -22,387 | -35,159 | -26,783 | -34,282 | -161,903 | -119,729 | -1,248,896 | 347,918 | 6,090,669 |
| cash and cash equivalents | ||||||||||||
| cash | -223,326 | -936,690 | -668,871 | 974,340 | 67,456 | 563,316 | -950,761 | 347,876 | 358,977 | 108,331 | 205,590 | 156,177 |
| overdraft | 353,512 | 403,913 | 133,581 | -415,311 | 271,977 | 143,334 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -576,838 | -1,340,603 | -802,452 | 1,389,651 | -204,521 | 419,982 | -950,761 | 347,876 | 358,977 | 108,331 | 205,590 | 156,177 |
generation two limited Credit Report and Business Information
Generation Two Limited Competitor Analysis
Perform a competitor analysis for generation two limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in SK16 area or any other competitors across 12 key performance metrics.
generation two limited Ownership
GENERATION TWO LIMITED group structure
Generation Two Limited has 1 subsidiary company.
Ultimate parent company
GENERATION TWO LIMITED
08008574
1 subsidiary
generation two limited directors
Generation Two Limited currently has 4 directors. The longest serving directors include Miss Helen Sharratt (Mar 2012) and Mr Mark Garstang (Apr 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Helen Sharratt | 58 years | Mar 2012 | - | Director | |
| Mr Mark Garstang | United Kingdom | 53 years | Apr 2012 | - | Director |
| Mr Adam Garstang | England | 56 years | Apr 2012 | - | Director |
| Mr John Otterson | 65 years | Apr 2012 | - | Director |
P&L
December 2023turnover
22.1m
+23%
operating profit
-102.9k
-95%
gross margin
18.7%
+31.24%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
4.2m
-0.01%
total assets
8.2m
+0.04%
cash
2.4k
-0.99%
net assets
Total assets minus all liabilities
generation two limited company details
company number
08008574
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
March 2012
age
13
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
HURST ACCOUNTANTS LIMITED
address
coolair house globe lane, dukinfield, cheshire, SK16 4UJ
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
generation two 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 1 charges/mortgages relating to generation two limited. Currently there are 1 open charges and 0 have been satisfied in the past.
generation two 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.
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generation two limited Companies House Filings - See Documents
| date | description | view/download |
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