2gether support solutions limited
2gether support solutions limited Company Information
Company Number
11385580
Next Accounts
Dec 2025
Shareholders
east kent hospitals university nhsft
Group Structure
View All
Industry
Combined facilities support activities
Registered Address
management offices, william harvey hospital, ashford, kent, TN24 0LZ
2gether support solutions limited Estimated Valuation
Pomanda estimates the enterprise value of 2GETHER SUPPORT SOLUTIONS LIMITED at £103.2m based on a Turnover of £159.9m and 0.65x industry multiple (adjusted for size and gross margin).
2gether support solutions limited Estimated Valuation
Pomanda estimates the enterprise value of 2GETHER SUPPORT SOLUTIONS LIMITED at £13m based on an EBITDA of £2.3m and a 5.75x industry multiple (adjusted for size and gross margin).
2gether support solutions limited Estimated Valuation
Pomanda estimates the enterprise value of 2GETHER SUPPORT SOLUTIONS LIMITED at £81m based on Net Assets of £35.4m and 2.29x industry multiple (adjusted for liquidity).
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2gether Support Solutions Limited Overview
2gether Support Solutions Limited is a live company located in ashford, TN24 0LZ with a Companies House number of 11385580. It operates in the combined facilities support activities sector, SIC Code 81100. Founded in May 2018, it's largest shareholder is east kent hospitals university nhsft with a 100% stake. 2gether Support Solutions Limited is a young, mega sized company, Pomanda has estimated its turnover at £159.9m with declining growth in recent years.
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2gether Support Solutions Limited Health Check
Pomanda's financial health check has awarded 2Gether Support Solutions Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £159.9m, make it larger than the average company (£9.4m)
£159.9m - 2gether Support Solutions Limited
£9.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (7.9%)
-2% - 2gether Support Solutions Limited
7.9% - Industry AVG
Production
with a gross margin of 9.9%, this company has a higher cost of product (17.6%)
9.9% - 2gether Support Solutions Limited
17.6% - Industry AVG
Profitability
an operating margin of 1.2% make it less profitable than the average company (3.5%)
1.2% - 2gether Support Solutions Limited
3.5% - Industry AVG
Employees
with 1469 employees, this is above the industry average (199)
1469 - 2gether Support Solutions Limited
199 - Industry AVG
Pay Structure
on an average salary of £28k, the company has an equivalent pay structure (£31.9k)
£28k - 2gether Support Solutions Limited
£31.9k - Industry AVG
Efficiency
resulting in sales per employee of £108.8k, this is more efficient (£82k)
£108.8k - 2gether Support Solutions Limited
£82k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (37 days)
0 days - 2gether Support Solutions Limited
37 days - Industry AVG
Creditor Days
its suppliers are paid after 40 days, this is slower than average (20 days)
40 days - 2gether Support Solutions Limited
20 days - Industry AVG
Stock Days
it holds stock equivalent to 13 days, this is more than average (2 days)
13 days - 2gether Support Solutions Limited
2 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 23 weeks, this is average cash available to meet short term requirements (20 weeks)
23 weeks - 2gether Support Solutions Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 68.7%, this is a similar level of debt than the average (74.8%)
68.7% - 2gether Support Solutions Limited
74.8% - Industry AVG
2GETHER SUPPORT SOLUTIONS LIMITED financials
2Gether Support Solutions Limited's latest turnover from March 2024 is £159.9 million and the company has net assets of £35.4 million. According to their latest financial statements, 2Gether Support Solutions Limited has 1,469 employees and maintains cash reserves of £12.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Turnover | 159,861,000 | 149,014,000 | 166,584,000 | 170,548,000 | 119,797,000 | 46,999,000 |
| Other Income Or Grants | ||||||
| Cost Of Sales | 143,977,000 | 135,664,000 | 151,802,000 | 149,918,000 | 102,891,000 | 38,818,000 |
| Gross Profit | 15,884,000 | 13,350,000 | 14,782,000 | 20,630,000 | 16,906,000 | 8,181,000 |
| Admin Expenses | 13,930,000 | 11,969,000 | 13,240,000 | 19,246,000 | 15,852,000 | 7,806,000 |
| Operating Profit | 1,954,000 | 1,381,000 | 1,542,000 | 1,384,000 | 1,054,000 | 375,000 |
| Interest Payable | 1,825,000 | 2,121,000 | 2,235,000 | 2,306,000 | 2,366,000 | 1,209,000 |
| Interest Receivable | 2,924,000 | 2,920,000 | 2,811,000 | 3,037,000 | 3,253,000 | 1,706,000 |
| Pre-Tax Profit | 3,053,000 | 2,180,000 | 2,118,000 | 2,115,000 | 1,941,000 | 872,000 |
| Tax | -948,000 | -352,000 | -348,000 | 37,000 | -1,311,000 | -179,000 |
| Profit After Tax | 2,105,000 | 1,828,000 | 1,770,000 | 2,152,000 | 630,000 | 693,000 |
| Dividends Paid | 4,000,000 | |||||
| Retained Profit | 2,105,000 | -2,172,000 | 1,770,000 | 2,152,000 | 630,000 | 693,000 |
| Employee Costs | 41,071,000 | 34,387,000 | 31,102,000 | 28,453,000 | 24,317,000 | 13,622,000 |
| Number Of Employees | 1,469 | 1,361 | 1,336 | 1,298 | 1,209 | 928 |
| EBITDA* | 2,259,000 | 1,685,000 | 1,816,000 | 1,564,000 | 1,054,000 | 375,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 946,000 | 711,000 | 830,000 | 1,067,000 | 610,000 | |
| Intangible Assets | 95,000 | 131,000 | 167,000 | 204,000 | 131,000 | 131,000 |
| Investments & Other | ||||||
| Debtors (Due After 1 year) | 63,968,000 | 66,399,000 | 71,102,000 | 77,967,000 | 84,598,000 | 91,000,000 |
| Total Fixed Assets | 65,009,000 | 67,241,000 | 72,099,000 | 79,238,000 | 85,339,000 | 91,131,000 |
| Stock & work in progress | 5,245,000 | 5,582,000 | 4,823,000 | 4,481,000 | 4,874,000 | 5,379,000 |
| Trade Debtors | 107,000 | 765,000 | 202,000 | 2,395,000 | 221,000 | 600,000 |
| Group Debtors | 5,851,000 | 4,909,000 | 29,665,000 | 45,940,000 | 23,236,000 | 16,402,000 |
| Misc Debtors | 24,449,000 | 16,313,000 | 5,765,000 | 2,721,000 | 3,609,000 | 3,341,000 |
| Cash | 12,413,000 | 9,074,000 | 15,997,000 | 8,804,000 | 8,806,000 | 11,681,000 |
| misc current assets | ||||||
| total current assets | 48,065,000 | 36,643,000 | 56,452,000 | 64,341,000 | 40,746,000 | 37,403,000 |
| total assets | 113,074,000 | 103,884,000 | 128,551,000 | 143,579,000 | 126,085,000 | 128,534,000 |
| Bank overdraft | 1,903,000 | 1,839,000 | ||||
| Bank loan | ||||||
| Trade Creditors | 15,862,000 | 6,814,000 | 11,443,000 | 24,223,000 | 17,408,000 | 16,837,000 |
| Group/Directors Accounts | 2,647,000 | 2,321,000 | 2,039,000 | 1,970,000 | ||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 9,055,000 | 9,441,000 | 17,795,000 | 19,843,000 | 9,225,000 | 11,224,000 |
| total current liabilities | 27,564,000 | 18,576,000 | 31,277,000 | 46,036,000 | 28,536,000 | 29,900,000 |
| loans | 50,065,000 | 51,968,000 | 61,762,000 | 63,801,000 | 65,771,000 | 67,674,000 |
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | 188,000 | |||||
| total long term liabilities | 50,065,000 | 51,968,000 | 61,762,000 | 63,801,000 | 65,959,000 | 67,674,000 |
| total liabilities | 77,629,000 | 70,544,000 | 93,039,000 | 109,837,000 | 94,495,000 | 97,574,000 |
| net assets | 35,445,000 | 33,340,000 | 35,512,000 | 33,742,000 | 31,590,000 | 30,960,000 |
| total shareholders funds | 35,445,000 | 33,340,000 | 35,512,000 | 33,742,000 | 31,590,000 | 30,960,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 1,954,000 | 1,381,000 | 1,542,000 | 1,384,000 | 1,054,000 | 375,000 |
| Depreciation | 268,000 | 267,000 | 237,000 | 123,000 | ||
| Amortisation | 37,000 | 37,000 | 37,000 | 57,000 | ||
| Tax | -948,000 | -352,000 | -348,000 | 37,000 | -1,311,000 | -179,000 |
| Stock | -337,000 | 759,000 | 342,000 | -393,000 | -505,000 | 5,379,000 |
| Debtors | 5,989,000 | -18,348,000 | -22,289,000 | 17,359,000 | 321,000 | 111,343,000 |
| Creditors | 9,048,000 | -4,629,000 | -12,780,000 | 6,815,000 | 571,000 | 16,837,000 |
| Accruals and Deferred Income | -386,000 | -8,354,000 | -2,048,000 | 10,618,000 | -1,999,000 | 11,224,000 |
| Deferred Taxes & Provisions | -188,000 | 188,000 | ||||
| Cash flow from operations | 4,321,000 | 5,939,000 | 8,587,000 | 1,880,000 | -1,313,000 | -88,465,000 |
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | 326,000 | 282,000 | 69,000 | 1,970,000 | ||
| Other Short Term Loans | ||||||
| Long term loans | -1,903,000 | -9,794,000 | -2,039,000 | -1,970,000 | -1,903,000 | 67,674,000 |
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | ||||||
| share issue | ||||||
| interest | 1,099,000 | 799,000 | 576,000 | 731,000 | 887,000 | 497,000 |
| cash flow from financing | -478,000 | -8,713,000 | -1,394,000 | 731,000 | -1,016,000 | 98,438,000 |
| cash and cash equivalents | ||||||
| cash | 3,339,000 | -6,923,000 | 7,193,000 | -2,000 | -2,875,000 | 11,681,000 |
| overdraft | -1,903,000 | 64,000 | 1,839,000 | |||
| change in cash | 3,339,000 | -6,923,000 | 7,193,000 | 1,901,000 | -2,939,000 | 9,842,000 |
2gether support solutions limited Credit Report and Business Information
2gether Support Solutions Limited Competitor Analysis
Perform a competitor analysis for 2gether support solutions limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in TN24 area or any other competitors across 12 key performance metrics.
2gether support solutions limited Ownership
2GETHER SUPPORT SOLUTIONS LIMITED group structure
2Gether Support Solutions Limited has no subsidiary companies.
Ultimate parent company
2GETHER SUPPORT SOLUTIONS LIMITED
11385580
2gether support solutions limited directors
2Gether Support Solutions Limited currently has 5 directors. The longest serving directors include Mrs Ashley Bentley (Jul 2019) and Mrs Jacqeline Churchward-Cardiff (Aug 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Ashley Bentley | England | 53 years | Jul 2019 | - | Director |
| Mrs Jacqeline Churchward-Cardiff | England | 65 years | Aug 2019 | - | Director |
| Mrs Nicola Webber | England | 43 years | Dec 2019 | - | Director |
| Mr George Jenkins | England | 77 years | Apr 2022 | - | Director |
| Mr Paul Ryder | England | 58 years | Apr 2022 | - | Director |
P&L
March 2024turnover
159.9m
+7%
operating profit
2m
+41%
gross margin
10%
+10.91%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
35.4m
+0.06%
total assets
113.1m
+0.09%
cash
12.4m
+0.37%
net assets
Total assets minus all liabilities
2gether support solutions limited company details
company number
11385580
Type
Private limited with Share Capital
industry
81100 - Combined facilities support activities
incorporation date
May 2018
age
7
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
KRESTON REEVES LLP
auditor
GRANT THORNTON UK LLP
address
management offices, william harvey hospital, ashford, kent, TN24 0LZ
Bank
-
Legal Advisor
-
2gether support solutions 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 2gether support solutions limited.
2gether support solutions 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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2gether support solutions limited Companies House Filings - See Documents
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