two paddles ltd
two paddles ltd Company Information
Company Number
10199492
Next Accounts
Dec 2025
Shareholders
erica turner
katharine voss
Group Structure
View All
Industry
Computer consultancy activities
Registered Address
first floor 690 great west road, osterley village, isleworth, TW7 4PU
Website
-two paddles ltd Estimated Valuation
Pomanda estimates the enterprise value of TWO PADDLES LTD at £59.5k based on a Turnover of £85.8k and 0.69x industry multiple (adjusted for size and gross margin).
two paddles ltd Estimated Valuation
Pomanda estimates the enterprise value of TWO PADDLES LTD at £0 based on an EBITDA of £-7k and a 4.81x industry multiple (adjusted for size and gross margin).
two paddles ltd Estimated Valuation
Pomanda estimates the enterprise value of TWO PADDLES LTD at £425k based on Net Assets of £185.9k and 2.29x industry multiple (adjusted for liquidity).
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Two Paddles Ltd Overview
Two Paddles Ltd is a live company located in isleworth, TW7 4PU with a Companies House number of 10199492. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in May 2016, it's largest shareholder is erica turner with a 70% stake. Two Paddles Ltd is a young, micro sized company, Pomanda has estimated its turnover at £85.8k with low growth in recent years.
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Two Paddles Ltd Health Check
Pomanda's financial health check has awarded Two Paddles Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £85.8k, make it smaller than the average company (£1.3m)
- Two Paddles Ltd
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (9.5%)
- Two Paddles Ltd
9.5% - Industry AVG
Production
with a gross margin of 43.9%, this company has a comparable cost of product (43.9%)
- Two Paddles Ltd
43.9% - Industry AVG
Profitability
an operating margin of -8.4% make it less profitable than the average company (6.1%)
- Two Paddles Ltd
6.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (12)
1 - Two Paddles Ltd
12 - Industry AVG
Pay Structure
on an average salary of £58.7k, the company has an equivalent pay structure (£58.7k)
- Two Paddles Ltd
£58.7k - Industry AVG
Efficiency
resulting in sales per employee of £85.8k, this is less efficient (£130.2k)
- Two Paddles Ltd
£130.2k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is earlier than average (62 days)
- Two Paddles Ltd
62 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Two Paddles Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Two Paddles Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 501 weeks, this is more cash available to meet short term requirements (18 weeks)
501 weeks - Two Paddles Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.8%, this is a lower level of debt than the average (54.9%)
9.8% - Two Paddles Ltd
54.9% - Industry AVG
TWO PADDLES LTD financials
Two Paddles Ltd's latest turnover from March 2024 is estimated at £85.8 thousand and the company has net assets of £185.9 thousand. According to their latest financial statements, Two Paddles Ltd has 1 employee and maintains cash reserves of £195.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 395 | 906 | 1,792 | 2,294 | 3,345 | 3,074 | 1,998 | 551 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 395 | 906 | 1,792 | 2,294 | 3,345 | 3,074 | 1,998 | 551 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 10,264 | 11,489 | 12,526 | 11,914 | 12,141 | 10,718 | 8,754 | 36,565 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 8 | 0 | 0 | 4,065 |
| Cash | 195,522 | 188,841 | 189,127 | 183,635 | 123,980 | 117,161 | 80,034 | 17,427 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 205,786 | 200,330 | 201,653 | 195,549 | 136,129 | 127,879 | 88,788 | 58,057 |
| total assets | 206,181 | 201,236 | 203,445 | 197,843 | 139,474 | 130,953 | 90,786 | 58,608 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 972 | 972 | 694 | 2,583 | 1,397 | 703 | 703 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 19,310 | 16,499 | 20,316 | 28,588 | 19,649 | 27,726 | 26,432 | 23,790 |
| total current liabilities | 20,282 | 17,471 | 21,010 | 31,171 | 21,046 | 28,429 | 27,135 | 23,790 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 20,282 | 17,471 | 21,010 | 31,171 | 21,046 | 28,429 | 27,135 | 23,790 |
| net assets | 185,899 | 183,765 | 182,435 | 166,672 | 118,428 | 102,524 | 63,651 | 34,818 |
| total shareholders funds | 185,899 | 183,765 | 182,435 | 166,672 | 118,428 | 102,524 | 63,651 | 34,818 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 227 | 448 | 624 | 836 | 768 | 714 | 49 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,225 | -1,037 | 612 | -235 | 1,431 | 1,964 | -31,876 | 40,630 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 2,811 | -3,817 | -8,272 | 8,939 | -8,077 | 1,294 | 2,642 | 23,790 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 278 | -1,889 | 1,186 | 694 | 0 | 703 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 6,681 | -286 | 5,492 | 59,655 | 6,819 | 37,127 | 62,607 | 17,427 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 6,681 | -286 | 5,492 | 59,655 | 6,819 | 37,127 | 62,607 | 17,427 |
two paddles ltd Credit Report and Business Information
Two Paddles Ltd Competitor Analysis
Perform a competitor analysis for two paddles ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in TW7 area or any other competitors across 12 key performance metrics.
two paddles ltd Ownership
TWO PADDLES LTD group structure
Two Paddles Ltd has no subsidiary companies.
Ultimate parent company
TWO PADDLES LTD
10199492
two paddles ltd directors
Two Paddles Ltd currently has 2 directors. The longest serving directors include Ms Katharine Voss (May 2016) and Ms Erica Turner (May 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Katharine Voss | United Kingdom | 47 years | May 2016 | - | Director |
| Ms Erica Turner | 47 years | May 2016 | - | Director |
P&L
March 2024turnover
85.8k
0%
operating profit
-7.2k
0%
gross margin
44%
-7.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
185.9k
+0.01%
total assets
206.2k
+0.02%
cash
195.5k
+0.04%
net assets
Total assets minus all liabilities
Similar Companies
two paddles ltd company details
company number
10199492
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
May 2016
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
erica turner limited (July 2022)
accountant
LEVER BROS & CO
auditor
-
address
first floor 690 great west road, osterley village, isleworth, TW7 4PU
Bank
-
Legal Advisor
-
two paddles ltd 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 two paddles ltd.
two paddles ltd 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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two paddles ltd Companies House Filings - See Documents
| date | description | view/download |
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