eque2 limited

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eque2 limited Company Information

Share EQUE2 LIMITED

Company Number

08179642

Directors

Justin Moule

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

eque2 limited Estimated Valuation

£37.7m

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

£44.7m

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

£34.1m

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

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

4 Regular

positive_score

2 Weak

size

Size

annual sales of £25.6m, make it larger than the average company (£3.8m)

£25.6m - Eque2 Limited

£3.8m - Industry AVG

growth

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

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

Profitability

an operating margin of 11.9% make it more profitable than the average company (4%)

11.9% - Eque2 Limited

4% - Industry AVG

employees

Employees

with 186 employees, this is above the industry average (35)

186 - Eque2 Limited

35 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £137.5k, this is equally as efficient (£122k)

£137.5k - Eque2 Limited

£122k - Industry AVG

debtordays

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

creditordays

Creditor Days

its suppliers are paid after 89 days, this is slower than average (39 days)

89 days - Eque2 Limited

39 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Eque2 Limited

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013
Turnover25,571,94020,947,61816,627,68416,249,70615,875,54715,315,14812,966,33411,429,33910,560,6089,823,3458,761,567
Other Income Or Grants
Cost Of Sales4,666,3853,677,8233,019,7423,076,2972,815,9202,927,0062,497,0352,343,9362,228,1542,186,5781,982,212
Gross Profit20,905,55517,269,79513,607,94213,173,40913,059,62712,388,14210,469,2999,085,4038,332,4547,636,7676,779,355
Admin Expenses17,853,58914,868,19412,235,27011,547,68811,380,82710,875,4679,644,7898,679,7388,099,4887,279,7226,628,697
Operating Profit3,051,9662,401,6011,372,6721,625,7211,678,8001,512,675824,510405,665232,966357,045150,658
Interest Payable846172,786328,652329,444394,051373,268
Interest Receivable91,532111,1764894791,3702,3872,6753,465
Pre-Tax Profit3,143,4982,401,6121,373,8481,625,7211,677,9541,513,164652,20378,383-94,091-34,331-219,145
Tax22,9935,436-61,83780,017-10,409123,83189,142153,130108,69689,551
Profit After Tax3,166,4912,407,0481,312,0111,705,7381,667,5451,636,995741,345231,51314,60555,220-219,145
Dividends Paid
Retained Profit3,166,4912,407,0481,312,0111,705,7381,667,5451,636,995741,345231,51314,60555,220-219,145
Employee Costs13,402,72111,360,2409,456,9398,887,8818,282,3227,980,9866,912,9626,072,1055,880,6535,297,7564,781,767
Number Of Employees1861751431371321261141011079680
EBITDA*4,975,0464,498,3183,049,9582,223,7612,299,9662,146,0131,420,595977,723781,732826,153581,036

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013
Tangible Assets457,347384,944111,721139,843177,460186,248236,578197,864175,389239,199254,735
Intangible Assets4,359,8394,340,7994,866,1541,503,9441,998,6772,493,4102,953,4062,322,5342,779,2253,010,8693,360,543
Investments & Other890,819890,819890,8192,679,5892,738,9391,128,01922
Debtors (Due After 1 year)
Total Fixed Assets5,708,0055,616,5625,868,6944,323,3764,915,0763,807,6773,189,9862,520,4002,954,6143,250,0683,615,278
Stock & work in progress21,263
Trade Debtors8,373,6676,080,6545,675,5924,019,9173,667,2533,978,6152,762,6132,626,9471,647,2951,736,2801,726,799
Group Debtors12,470,1388,981,0715,644,5635,158,4702,403,672408,165
Misc Debtors1,977,1191,743,7491,568,8381,263,8761,000,9691,084,611924,251919,932883,642917,469672,909
Cash3,744,2054,267,2064,408,6173,714,9042,091,1512,084,9101,959,8143,826,7882,729,1352,317,1702,125,006
misc current assets
total current assets26,565,12921,072,68017,297,61014,157,1679,163,0457,556,3015,646,6787,373,6675,260,0724,970,9194,545,977
total assets32,273,13426,689,24223,166,30418,480,54314,078,12111,363,9788,836,6649,894,0678,214,6868,220,9878,161,255
Bank overdraft
Bank loan
Trade Creditors 1,139,226537,696666,155597,019427,439645,076496,044440,481365,111330,819357,494
Group/Directors Accounts2,454,0852,454,0832,454,0821,671,844393,885396,186361,0872
other short term finances3,570,431
hp & lease commitments
other current liabilities13,777,24712,098,20310,794,1319,899,1088,588,3917,332,2646,616,6985,434,9744,311,6024,395,2713,870,343
total current liabilities17,370,55815,089,98213,914,36812,167,9719,409,7158,373,5267,473,8299,445,8884,676,7134,726,0904,227,837
loans179,0673,709,6673,669,7173,973,616
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions544,632407,807467,53161,57251,16360,5413,81917,26728,746
total long term liabilities544,632407,807467,53161,57251,16360,541182,8863,726,9343,698,4633,973,616
total liabilities17,915,19015,497,78914,381,89912,167,9719,471,2878,424,6897,534,3709,628,7748,403,6478,424,5538,201,453
net assets14,357,94411,191,4538,784,4056,312,5724,606,8342,939,2891,302,294265,293-188,961-203,566-40,198
total shareholders funds14,357,94411,191,4538,784,4056,312,5724,606,8342,939,2891,302,294265,293-188,961-203,566-40,198
Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013
Operating Activities
Operating Profit3,051,9662,401,6011,372,6721,625,7211,678,8001,512,675824,510405,665232,966357,045150,658
Depreciation162,479123,72093,976103,307126,433118,033107,02193,203111,88588,68363,548
Amortisation1,760,6011,972,9971,583,310494,733494,733515,305489,064478,855436,881380,425366,830
Tax22,9935,436-61,83780,017-10,409123,83189,142153,130108,69689,551
Stock-21,26321,263
Debtors6,015,4503,916,4812,446,7303,370,3691,600,5031,784,527139,9851,015,942-122,812254,0412,399,708
Creditors601,530-128,45969,136169,580-217,637149,03255,56375,37034,292-26,675357,494
Accruals and Deferred Income1,679,0441,304,072895,0231,310,7171,256,127715,5661,181,7241,123,372-83,669524,9283,870,343
Deferred Taxes & Provisions136,825-59,724467,531-61,57210,409-9,37856,722-13,448-11,47928,746
Cash flow from operations1,399,9881,703,1621,973,081352,1341,737,9531,340,5372,663,7611,300,205952,3841,209,9252,387,902
Investing Activities
capital expenditure-2,014,523-1,844,585-5,011,374-65,690-117,645-123,012-1,082,371-137,842-253,312-103,898-101,284
Change in Investments-1,788,770-59,3501,610,9201,128,0172
cash flow from investments-2,014,523-1,844,585-3,222,604-6,340-1,728,565-1,251,029-1,082,371-137,844-253,312-103,898-101,284
Financing Activities
Bank loans
Group/Directors Accounts21782,2381,277,959-2,30135,099361,0852
Other Short Term Loans -3,570,4313,570,431
Long term loans-179,067-3,530,60039,950-303,8993,973,616
Hire Purchase and Lease Commitments
other long term liabilities
share issue1,159,822295,656222,741-218,588178,947
interest91,532111,176-846489-172,307-327,282-327,057-391,376-369,803
cash flow from financing91,534121,943,2361,277,959-3,14735,588-3,265,064-64,708-287,107-913,8633,782,760
cash and cash equivalents
cash-523,001-141,411693,7131,623,7536,241125,096-1,866,9741,097,653411,965192,1642,125,006
overdraft
change in cash-523,001-141,411693,7131,623,7536,241125,096-1,866,9741,097,653411,965192,1642,125,006

eque2 limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Eque2 Limited Competitor Analysis

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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.

EQUE2 LIMITED Shareholders

everest acquisition company limited 100%

eque2 limited directors

Eque2 Limited currently has 1 director, Mr Justin Moule serving since Nov 2017.

officercountryagestartendrole
Mr Justin MouleEngland53 years Nov 2017- Director

P&L

April 2024

turnover

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 2024

net 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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