eque2 limited
eque2 limited Company Information
Company Number
08179642
Next Accounts
Jan 2026
Directors
Shareholders
everest acquisition company limited
Group Structure
View All
Industry
Business and domestic software development
Registered Address
3rd floor, arena court, crown lane, maidenhead, SL6 8QZ
Website
www.eque2.co.ukeque2 limited Estimated Valuation
Pomanda estimates the enterprise value of EQUE2 LIMITED at £37.7m based on a Turnover of £25.6m and 1.47x industry multiple (adjusted for size and gross margin).
eque2 limited Estimated Valuation
Pomanda estimates the enterprise value of EQUE2 LIMITED at £44.7m based on an EBITDA of £5m and a 8.99x industry multiple (adjusted for size and gross margin).
eque2 limited Estimated Valuation
Pomanda estimates the enterprise value of EQUE2 LIMITED at £34.1m based on Net Assets of £14.4m and 2.38x industry multiple (adjusted for liquidity).
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Eque2 Limited Overview
Eque2 Limited is a live company located in maidenhead, SL6 8QZ with a Companies House number of 08179642. It operates in the business and domestic software development sector, SIC Code 62012. Founded in August 2012, it's largest shareholder is everest acquisition company limited with a 100% stake. Eque2 Limited is a established, large sized company, Pomanda has estimated its turnover at £25.6m with high growth in recent years.
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Eque2 Limited Health Check
Pomanda's financial health check has awarded Eque2 Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
2 Weak
Size
annual sales of £25.6m, make it larger than the average company (£3.8m)
£25.6m - Eque2 Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (11.5%)
16% - Eque2 Limited
11.5% - Industry AVG
Production
with a gross margin of 81.8%, this company has a comparable cost of product (73.1%)
81.8% - Eque2 Limited
73.1% - Industry AVG
Profitability
an operating margin of 11.9% make it more profitable than the average company (4%)
11.9% - Eque2 Limited
4% - Industry AVG
Employees
with 186 employees, this is above the industry average (35)
186 - Eque2 Limited
35 - Industry AVG
Pay Structure
on an average salary of £72.1k, the company has an equivalent pay structure (£68.8k)
£72.1k - Eque2 Limited
£68.8k - Industry AVG
Efficiency
resulting in sales per employee of £137.5k, this is equally as efficient (£122k)
£137.5k - Eque2 Limited
£122k - Industry AVG
Debtor Days
it gets paid by customers after 119 days, this is later than average (58 days)
119 days - Eque2 Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 89 days, this is slower than average (39 days)
89 days - Eque2 Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Eque2 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (17 weeks)
11 weeks - Eque2 Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55.5%, this is a similar level of debt than the average (59.6%)
55.5% - Eque2 Limited
59.6% - Industry AVG
EQUE2 LIMITED financials
Eque2 Limited's latest turnover from April 2024 is £25.6 million and the company has net assets of £14.4 million. According to their latest financial statements, Eque2 Limited has 186 employees and maintains cash reserves of £3.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 25,571,940 | 20,947,618 | 16,627,684 | 16,249,706 | 15,875,547 | 15,315,148 | 12,966,334 | 11,429,339 | 10,560,608 | 9,823,345 | 8,761,567 | |
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | 4,666,385 | 3,677,823 | 3,019,742 | 3,076,297 | 2,815,920 | 2,927,006 | 2,497,035 | 2,343,936 | 2,228,154 | 2,186,578 | 1,982,212 | |
| Gross Profit | 20,905,555 | 17,269,795 | 13,607,942 | 13,173,409 | 13,059,627 | 12,388,142 | 10,469,299 | 9,085,403 | 8,332,454 | 7,636,767 | 6,779,355 | |
| Admin Expenses | 17,853,589 | 14,868,194 | 12,235,270 | 11,547,688 | 11,380,827 | 10,875,467 | 9,644,789 | 8,679,738 | 8,099,488 | 7,279,722 | 6,628,697 | |
| Operating Profit | 3,051,966 | 2,401,601 | 1,372,672 | 1,625,721 | 1,678,800 | 1,512,675 | 824,510 | 405,665 | 232,966 | 357,045 | 150,658 | |
| Interest Payable | 846 | 172,786 | 328,652 | 329,444 | 394,051 | 373,268 | ||||||
| Interest Receivable | 91,532 | 11 | 1,176 | 489 | 479 | 1,370 | 2,387 | 2,675 | 3,465 | |||
| Pre-Tax Profit | 3,143,498 | 2,401,612 | 1,373,848 | 1,625,721 | 1,677,954 | 1,513,164 | 652,203 | 78,383 | -94,091 | -34,331 | -219,145 | |
| Tax | 22,993 | 5,436 | -61,837 | 80,017 | -10,409 | 123,831 | 89,142 | 153,130 | 108,696 | 89,551 | ||
| Profit After Tax | 3,166,491 | 2,407,048 | 1,312,011 | 1,705,738 | 1,667,545 | 1,636,995 | 741,345 | 231,513 | 14,605 | 55,220 | -219,145 | |
| Dividends Paid | ||||||||||||
| Retained Profit | 3,166,491 | 2,407,048 | 1,312,011 | 1,705,738 | 1,667,545 | 1,636,995 | 741,345 | 231,513 | 14,605 | 55,220 | -219,145 | |
| Employee Costs | 13,402,721 | 11,360,240 | 9,456,939 | 8,887,881 | 8,282,322 | 7,980,986 | 6,912,962 | 6,072,105 | 5,880,653 | 5,297,756 | 4,781,767 | |
| Number Of Employees | 186 | 175 | 143 | 137 | 132 | 126 | 114 | 101 | 107 | 96 | 80 | |
| EBITDA* | 4,975,046 | 4,498,318 | 3,049,958 | 2,223,761 | 2,299,966 | 2,146,013 | 1,420,595 | 977,723 | 781,732 | 826,153 | 581,036 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 457,347 | 384,944 | 111,721 | 139,843 | 177,460 | 186,248 | 236,578 | 197,864 | 175,389 | 239,199 | 254,735 | |
| Intangible Assets | 4,359,839 | 4,340,799 | 4,866,154 | 1,503,944 | 1,998,677 | 2,493,410 | 2,953,406 | 2,322,534 | 2,779,225 | 3,010,869 | 3,360,543 | |
| Investments & Other | 890,819 | 890,819 | 890,819 | 2,679,589 | 2,738,939 | 1,128,019 | 2 | 2 | ||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 5,708,005 | 5,616,562 | 5,868,694 | 4,323,376 | 4,915,076 | 3,807,677 | 3,189,986 | 2,520,400 | 2,954,614 | 3,250,068 | 3,615,278 | |
| Stock & work in progress | 21,263 | |||||||||||
| Trade Debtors | 8,373,667 | 6,080,654 | 5,675,592 | 4,019,917 | 3,667,253 | 3,978,615 | 2,762,613 | 2,626,947 | 1,647,295 | 1,736,280 | 1,726,799 | |
| Group Debtors | 12,470,138 | 8,981,071 | 5,644,563 | 5,158,470 | 2,403,672 | 408,165 | ||||||
| Misc Debtors | 1,977,119 | 1,743,749 | 1,568,838 | 1,263,876 | 1,000,969 | 1,084,611 | 924,251 | 919,932 | 883,642 | 917,469 | 672,909 | |
| Cash | 3,744,205 | 4,267,206 | 4,408,617 | 3,714,904 | 2,091,151 | 2,084,910 | 1,959,814 | 3,826,788 | 2,729,135 | 2,317,170 | 2,125,006 | |
| misc current assets | ||||||||||||
| total current assets | 26,565,129 | 21,072,680 | 17,297,610 | 14,157,167 | 9,163,045 | 7,556,301 | 5,646,678 | 7,373,667 | 5,260,072 | 4,970,919 | 4,545,977 | |
| total assets | 32,273,134 | 26,689,242 | 23,166,304 | 18,480,543 | 14,078,121 | 11,363,978 | 8,836,664 | 9,894,067 | 8,214,686 | 8,220,987 | 8,161,255 | |
| Bank overdraft | ||||||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 1,139,226 | 537,696 | 666,155 | 597,019 | 427,439 | 645,076 | 496,044 | 440,481 | 365,111 | 330,819 | 357,494 | |
| Group/Directors Accounts | 2,454,085 | 2,454,083 | 2,454,082 | 1,671,844 | 393,885 | 396,186 | 361,087 | 2 | ||||
| other short term finances | 3,570,431 | |||||||||||
| hp & lease commitments | ||||||||||||
| other current liabilities | 13,777,247 | 12,098,203 | 10,794,131 | 9,899,108 | 8,588,391 | 7,332,264 | 6,616,698 | 5,434,974 | 4,311,602 | 4,395,271 | 3,870,343 | |
| total current liabilities | 17,370,558 | 15,089,982 | 13,914,368 | 12,167,971 | 9,409,715 | 8,373,526 | 7,473,829 | 9,445,888 | 4,676,713 | 4,726,090 | 4,227,837 | |
| loans | 179,067 | 3,709,667 | 3,669,717 | 3,973,616 | ||||||||
| hp & lease commitments | ||||||||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | ||||||||||||
| provisions | 544,632 | 407,807 | 467,531 | 61,572 | 51,163 | 60,541 | 3,819 | 17,267 | 28,746 | |||
| total long term liabilities | 544,632 | 407,807 | 467,531 | 61,572 | 51,163 | 60,541 | 182,886 | 3,726,934 | 3,698,463 | 3,973,616 | ||
| total liabilities | 17,915,190 | 15,497,789 | 14,381,899 | 12,167,971 | 9,471,287 | 8,424,689 | 7,534,370 | 9,628,774 | 8,403,647 | 8,424,553 | 8,201,453 | |
| net assets | 14,357,944 | 11,191,453 | 8,784,405 | 6,312,572 | 4,606,834 | 2,939,289 | 1,302,294 | 265,293 | -188,961 | -203,566 | -40,198 | |
| total shareholders funds | 14,357,944 | 11,191,453 | 8,784,405 | 6,312,572 | 4,606,834 | 2,939,289 | 1,302,294 | 265,293 | -188,961 | -203,566 | -40,198 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 3,051,966 | 2,401,601 | 1,372,672 | 1,625,721 | 1,678,800 | 1,512,675 | 824,510 | 405,665 | 232,966 | 357,045 | 150,658 | |
| Depreciation | 162,479 | 123,720 | 93,976 | 103,307 | 126,433 | 118,033 | 107,021 | 93,203 | 111,885 | 88,683 | 63,548 | |
| Amortisation | 1,760,601 | 1,972,997 | 1,583,310 | 494,733 | 494,733 | 515,305 | 489,064 | 478,855 | 436,881 | 380,425 | 366,830 | |
| Tax | 22,993 | 5,436 | -61,837 | 80,017 | -10,409 | 123,831 | 89,142 | 153,130 | 108,696 | 89,551 | ||
| Stock | -21,263 | 21,263 | ||||||||||
| Debtors | 6,015,450 | 3,916,481 | 2,446,730 | 3,370,369 | 1,600,503 | 1,784,527 | 139,985 | 1,015,942 | -122,812 | 254,041 | 2,399,708 | |
| Creditors | 601,530 | -128,459 | 69,136 | 169,580 | -217,637 | 149,032 | 55,563 | 75,370 | 34,292 | -26,675 | 357,494 | |
| Accruals and Deferred Income | 1,679,044 | 1,304,072 | 895,023 | 1,310,717 | 1,256,127 | 715,566 | 1,181,724 | 1,123,372 | -83,669 | 524,928 | 3,870,343 | |
| Deferred Taxes & Provisions | 136,825 | -59,724 | 467,531 | -61,572 | 10,409 | -9,378 | 56,722 | -13,448 | -11,479 | 28,746 | ||
| Cash flow from operations | 1,399,988 | 1,703,162 | 1,973,081 | 352,134 | 1,737,953 | 1,340,537 | 2,663,761 | 1,300,205 | 952,384 | 1,209,925 | 2,387,902 | |
| Investing Activities | ||||||||||||
| capital expenditure | -1,082,371 | -137,842 | -253,312 | -103,898 | -101,284 | |||||||
| Change in Investments | -1,788,770 | -59,350 | 1,610,920 | 1,128,017 | 2 | |||||||
| cash flow from investments | -1,082,371 | -137,844 | -253,312 | -103,898 | -101,284 | |||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | 2 | 1 | 782,238 | 1,277,959 | -2,301 | 35,099 | 361,085 | 2 | ||||
| Other Short Term Loans | -3,570,431 | 3,570,431 | ||||||||||
| Long term loans | -179,067 | -3,530,600 | 39,950 | -303,899 | 3,973,616 | |||||||
| Hire Purchase and Lease Commitments | ||||||||||||
| other long term liabilities | ||||||||||||
| share issue | ||||||||||||
| interest | 91,532 | 11 | 1,176 | -846 | 489 | -172,307 | -327,282 | -327,057 | -391,376 | -369,803 | ||
| cash flow from financing | 91,534 | 12 | 1,943,236 | 1,277,959 | -3,147 | 35,588 | -3,265,064 | -64,708 | -287,107 | -913,863 | 3,782,760 | |
| cash and cash equivalents | ||||||||||||
| cash | -523,001 | -141,411 | 693,713 | 1,623,753 | 6,241 | 125,096 | -1,866,974 | 1,097,653 | 411,965 | 192,164 | 2,125,006 | |
| overdraft | ||||||||||||
| change in cash | -523,001 | -141,411 | 693,713 | 1,623,753 | 6,241 | 125,096 | -1,866,974 | 1,097,653 | 411,965 | 192,164 | 2,125,006 |
eque2 limited Credit Report and Business Information
Eque2 Limited Competitor Analysis
Perform a competitor analysis for eque2 limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in SL6 area or any other competitors across 12 key performance metrics.
eque2 limited Ownership
EQUE2 LIMITED group structure
Eque2 Limited has 4 subsidiary companies.
Ultimate parent company
2 parents
EQUE2 LIMITED
08179642
4 subsidiaries
eque2 limited directors
Eque2 Limited currently has 1 director, Mr Justin Moule serving since Nov 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Justin Moule | England | 53 years | Nov 2017 | - | Director |
P&L
April 2024turnover
25.6m
+22%
operating profit
3.1m
+27%
gross margin
81.8%
-0.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
14.4m
+0.28%
total assets
32.3m
+0.21%
cash
3.7m
-0.12%
net assets
Total assets minus all liabilities
eque2 limited company details
company number
08179642
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
August 2012
age
13
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2024
previous names
ensco 947 limited (April 2013)
accountant
-
auditor
RSM UK AUDIT LLP
address
3rd floor, arena court, crown lane, maidenhead, SL6 8QZ
Bank
-
Legal Advisor
-
eque2 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 11 charges/mortgages relating to eque2 limited. Currently there are 1 open charges and 10 have been satisfied in the past.
eque2 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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eque2 limited Companies House Filings - See Documents
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