p2ml ltd
p2ml ltd Company Information
Company Number
SC299864
Next Accounts
96 days late
Shareholders
mitie technical facilities management limited
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
35 duchess road, rutherglen, glasgow, G73 1AU
Website
www.p2ml.comp2ml ltd Estimated Valuation
Pomanda estimates the enterprise value of P2ML LTD at £2.1m based on a Turnover of £3.7m and 0.56x industry multiple (adjusted for size and gross margin).
p2ml ltd Estimated Valuation
Pomanda estimates the enterprise value of P2ML LTD at £1.6m based on an EBITDA of £386k and a 4.11x industry multiple (adjusted for size and gross margin).
p2ml ltd Estimated Valuation
Pomanda estimates the enterprise value of P2ML LTD at £3.1m based on Net Assets of £1.5m and 2.13x industry multiple (adjusted for liquidity).
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P2ml Ltd Overview
P2ml Ltd is a live company located in glasgow, G73 1AU with a Companies House number of SC299864. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in March 2006, it's largest shareholder is mitie technical facilities management limited with a 100% stake. P2ml Ltd is a established, small sized company, Pomanda has estimated its turnover at £3.7m with healthy growth in recent years.
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P2ml Ltd Health Check
Pomanda's financial health check has awarded P2Ml Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
5 Regular
3 Weak
Size
annual sales of £3.7m, make it in line with the average company (£3.1m)
£3.7m - P2ml Ltd
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (4.1%)
- P2ml Ltd
4.1% - Industry AVG
Production
with a gross margin of 34.3%, this company has a comparable cost of product (38.7%)
34.3% - P2ml Ltd
38.7% - Industry AVG
Profitability
an operating margin of 9.2% make it more profitable than the average company (6.5%)
9.2% - P2ml Ltd
6.5% - Industry AVG
Employees
with 24 employees, this is similar to the industry average (20)
24 - P2ml Ltd
20 - Industry AVG
Pay Structure
on an average salary of £55.5k, the company has a higher pay structure (£44.8k)
£55.5k - P2ml Ltd
£44.8k - Industry AVG
Efficiency
resulting in sales per employee of £155k, this is equally as efficient (£141.1k)
£155k - P2ml Ltd
£141.1k - Industry AVG
Debtor Days
it gets paid by customers after 60 days, this is later than average (40 days)
60 days - P2ml Ltd
40 days - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is quicker than average (34 days)
19 days - P2ml Ltd
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - P2ml Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 35 weeks, this is more cash available to meet short term requirements (27 weeks)
35 weeks - P2ml Ltd
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46.2%, this is a lower level of debt than the average (60.4%)
46.2% - P2ml Ltd
60.4% - Industry AVG
P2ML LTD financials
P2Ml Ltd's latest turnover from March 2023 is £3.7 million and the company has net assets of £1.5 million. According to their latest financial statements, P2Ml Ltd has 24 employees and maintains cash reserves of £839 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,719,000 | |||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 2,444,000 | |||||||||||||
| Gross Profit | 1,275,000 | |||||||||||||
| Admin Expenses | 933,000 | |||||||||||||
| Operating Profit | 342,000 | |||||||||||||
| Interest Payable | 1,000 | |||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | 341,000 | |||||||||||||
| Tax | -71,000 | |||||||||||||
| Profit After Tax | 270,000 | |||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | 270,000 | |||||||||||||
| Employee Costs | 1,331,000 | |||||||||||||
| Number Of Employees | 24 | 30 | 32 | 33 | 24 | 22 | 18 | |||||||
| EBITDA* | 386,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 62,000 | 106,056 | 154,136 | 197,027 | 153,306 | 180,221 | 118,346 | 90,089 | 71,764 | 44,273 | 41,165 | 31,741 | 14,606 | 19,329 |
| Intangible Assets | ||||||||||||||
| Investments & Other | 80 | 80 | 80 | |||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 62,000 | 106,056 | 154,136 | 197,027 | 153,306 | 180,221 | 118,346 | 90,089 | 71,764 | 44,273 | 41,245 | 31,821 | 14,686 | 19,329 |
| Stock & work in progress | 450 | |||||||||||||
| Trade Debtors | 616,000 | 798,496 | 939,867 | 486,012 | 547,915 | 211,370 | 276,193 | 420,777 | 374,208 | 189,204 | 115,113 | 109,326 | 49,691 | 171,722 |
| Group Debtors | 409,000 | |||||||||||||
| Misc Debtors | 793,000 | 40,955 | 41,098 | 35,015 | 23,780 | 13,131 | 5,680 | 5,680 | ||||||
| Cash | 839,000 | 843,816 | 728,167 | 724,439 | 894,157 | 838,101 | 884,518 | 337,848 | 300,272 | 259,432 | 260,771 | 209,474 | 133,567 | 189,215 |
| misc current assets | ||||||||||||||
| total current assets | 2,657,000 | 1,683,267 | 1,709,132 | 1,245,466 | 1,465,852 | 1,062,602 | 1,166,391 | 764,305 | 674,480 | 448,636 | 375,884 | 318,800 | 183,258 | 361,387 |
| total assets | 2,719,000 | 1,789,323 | 1,863,268 | 1,442,493 | 1,619,158 | 1,242,823 | 1,284,737 | 854,394 | 746,244 | 492,909 | 417,129 | 350,621 | 197,944 | 380,716 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 132,000 | 149,934 | 210,354 | 93,951 | 58,876 | 47,104 | 49,401 | 31,367 | 262,454 | 182,217 | 162,761 | 143,330 | 38,367 | 100,661 |
| Group/Directors Accounts | 738,000 | |||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 372,000 | 420,394 | 347,573 | 221,835 | 267,276 | 201,687 | 371,894 | 288,551 | ||||||
| total current liabilities | 1,242,000 | 570,328 | 557,927 | 315,786 | 326,152 | 248,791 | 421,295 | 319,918 | 262,454 | 182,217 | 162,761 | 143,330 | 38,367 | 100,661 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 15,000 | 26,514 | 29,276 | 33,601 | 23,377 | 26,573 | 21,303 | 18,018 | 3,285 | 8,253 | 8,253 | 8,253 | 2,528 | 4,514 |
| total long term liabilities | 15,000 | 26,514 | 29,276 | 33,601 | 23,377 | 26,573 | 21,303 | 18,018 | 3,285 | 8,253 | 8,253 | 8,253 | 2,528 | 4,514 |
| total liabilities | 1,257,000 | 596,842 | 587,203 | 349,387 | 349,529 | 275,364 | 442,598 | 337,936 | 265,739 | 190,470 | 171,014 | 151,583 | 40,895 | 105,175 |
| net assets | 1,462,000 | 1,192,481 | 1,276,065 | 1,093,106 | 1,269,629 | 967,459 | 842,139 | 516,458 | 480,505 | 302,439 | 246,115 | 199,038 | 157,049 | 275,541 |
| total shareholders funds | 1,462,000 | 1,192,481 | 1,276,065 | 1,093,106 | 1,269,629 | 967,459 | 842,139 | 516,458 | 480,505 | 302,439 | 246,115 | 199,038 | 157,049 | 275,541 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 342,000 | |||||||||||||
| Depreciation | 44,000 | 48,080 | 54,073 | 58,761 | 50,604 | 49,166 | 33,500 | 17,673 | 12,813 | 14,757 | 13,663 | 4,021 | 4,848 | 4,864 |
| Amortisation | ||||||||||||||
| Tax | -71,000 | |||||||||||||
| Stock | -450 | 450 | ||||||||||||
| Debtors | 978,549 | -141,514 | 459,938 | -50,668 | 347,194 | -57,372 | -144,584 | 52,249 | 185,004 | 74,091 | 5,787 | 59,635 | -122,031 | 171,722 |
| Creditors | -17,934 | -60,420 | 116,403 | 35,075 | 11,772 | -2,297 | 18,034 | -231,087 | 80,237 | 19,456 | 19,431 | 104,963 | -62,294 | 100,661 |
| Accruals and Deferred Income | -48,394 | 72,821 | 125,738 | -45,441 | 65,589 | -170,207 | 83,343 | 288,551 | ||||||
| Deferred Taxes & Provisions | -11,514 | -2,762 | -4,325 | 10,224 | -3,196 | 5,270 | 3,285 | 14,733 | -4,968 | 5,725 | -1,986 | 4,514 | ||
| Cash flow from operations | -741,391 | |||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -80 | 80 | ||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 738,000 | |||||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | -1,000 | |||||||||||||
| cash flow from financing | 736,519 | |||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -4,816 | 115,649 | 3,728 | -169,718 | 56,056 | -46,417 | 546,670 | 37,576 | 40,840 | -1,339 | 51,297 | 75,907 | -55,648 | 189,215 |
| overdraft | ||||||||||||||
| change in cash | -4,816 | 115,649 | 3,728 | -169,718 | 56,056 | -46,417 | 546,670 | 37,576 | 40,840 | -1,339 | 51,297 | 75,907 | -55,648 | 189,215 |
p2ml ltd Credit Report and Business Information
P2ml Ltd Competitor Analysis
Perform a competitor analysis for p2ml ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in G73 area or any other competitors across 12 key performance metrics.
p2ml ltd Ownership
P2ML LTD group structure
P2Ml Ltd has no subsidiary companies.
Ultimate parent company
2 parents
P2ML LTD
SC299864
p2ml ltd directors
P2Ml Ltd currently has 5 directors. The longest serving directors include Mr Matthew Peacock (Apr 2022) and Mr Peter Dickinson (Apr 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Peacock | England | 54 years | Apr 2022 | - | Director |
| Mr Peter Dickinson | England | 63 years | Apr 2022 | - | Director |
| Mr Peter Dickinson | England | 63 years | Apr 2022 | - | Director |
| Miss Katherine Woods | England | 41 years | Feb 2025 | - | Director |
| Mr Jeremy Williams | England | 55 years | Feb 2025 | - | Director |
P&L
March 2023turnover
3.7m
0%
operating profit
342k
0%
gross margin
34.3%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.5m
+0.23%
total assets
2.7m
+0.52%
cash
839k
-0.01%
net assets
Total assets minus all liabilities
Similar Companies
p2ml ltd company details
company number
SC299864
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
March 2006
age
19
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
BDO LLP
address
35 duchess road, rutherglen, glasgow, G73 1AU
Bank
-
Legal Advisor
-
p2ml 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 p2ml ltd.
p2ml 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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p2ml ltd Companies House Filings - See Documents
| date | description | view/download |
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