22 backbrae street kilsyth, glasgow, lanarkshire, G65 0NH
Website
-
two23 ltdEstimated Valuation
£99.8k
Pomanda estimates the enterprise value of TWO23 LTD at £99.8k based on a Turnover of £278.2k and 0.36x industry multiple (adjusted for size and gross margin).
two23 ltdEstimated Valuation
£46.2k
Pomanda estimates the enterprise value of TWO23 LTD at £46.2k based on an EBITDA of £18k and a 2.57x industry multiple (adjusted for size and gross margin).
two23 ltdEstimated Valuation
£1.6k
Pomanda estimates the enterprise value of TWO23 LTD at £1.6k based on Net Assets of £676 and 2.37x industry multiple (adjusted for liquidity).
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Two23 LtdOverview
Two23 Ltd is a live company located in lanarkshire, G65 0NH with a Companies House number of SC717422. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in December 2021, it's largest shareholder is
paul gordon
with a 50% stake. Two23 Ltd is a startup,
micro sized company, Pomanda has estimated its turnover at
£278.2k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Two23 Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
1 Strong
3 Regular
6 Weak
Size
annual sales of £278.2k, make it smaller than the average company (£4.8m)
£278.2k - Two23 Ltd
£4.8m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Two23 Ltd
- - Industry AVG
Production
with a gross margin of 17%, this company has a higher cost of product (38.2%)
17% - Two23 Ltd
38.2% - Industry AVG
Profitability
an operating margin of 6.4% make it as profitable than the average company (5.7%)
6.4% - Two23 Ltd
5.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (27)
2 - Two23 Ltd
27 - Industry AVG
Pay Structure
on an average salary of £54k, the company has an equivalent pay structure (£54k)
£54k - Two23 Ltd
£54k - Industry AVG
Efficiency
resulting in sales per employee of £139.1k, this is less efficient (£170.9k)
£139.1k - Two23 Ltd
£170.9k - Industry AVG
Debtor Days
it gets paid by customers after 87 days, this is later than average (41 days)
87 days - Two23 Ltd
41 days - Industry AVG
Creditor Days
its suppliers are paid after 188 days, this is slower than average (32 days)
188 days - Two23 Ltd
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Two23 Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 22 weeks, this is average cash available to meet short term requirements (22 weeks)
22 weeks - Two23 Ltd
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.4%, this is a higher level of debt than the average (62.6%)
99.4% - Two23 Ltd
62.6% - Industry AVG
TWO23 LTD financials
EXPORT
Two23 Ltd's latest turnover from December 2023 is estimated at £278.2 thousand and the company has net assets of £676. According to their latest financial statements, Two23 Ltd has 2 employees and maintains cash reserves of £52.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Turnover
278,176
61,876
Other Income Or Grants
Cost Of Sales
230,974
51,320
Gross Profit
47,202
10,555
Admin Expenses
29,327
24,436
Operating Profit
17,875
-13,881
Interest Payable
Interest Receivable
1,458
55
Pre-Tax Profit
19,333
-13,826
Tax
-4,833
Profit After Tax
14,500
-13,826
Dividends Paid
Retained Profit
14,500
-13,826
Employee Costs
108,009
102,633
Number Of Employees
2
2
EBITDA*
17,986
-13,881
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Tangible Assets
1,224
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,224
Stock & work in progress
Trade Debtors
66,515
461
Group Debtors
Misc Debtors
Cash
52,390
3,169
misc current assets
total current assets
118,905
3,630
total assets
120,129
3,630
Bank overdraft
Bank loan
Trade Creditors
119,453
17,454
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
119,453
17,454
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
119,453
17,454
net assets
676
-13,824
total shareholders funds
676
-13,824
Dec 2023
Dec 2022
Operating Activities
Operating Profit
17,875
-13,881
Depreciation
111
Amortisation
Tax
-4,833
Stock
Debtors
66,054
461
Creditors
101,999
17,454
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
49,098
3,112
Investing Activities
capital expenditure
-1,335
Change in Investments
cash flow from investments
-1,335
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
2
interest
1,458
55
cash flow from financing
1,458
57
cash and cash equivalents
cash
49,221
3,169
overdraft
change in cash
49,221
3,169
two23 ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for two23 ltd. Get real-time insights into two23 ltd's credit score, group structure and payment trends.
Perform a competitor analysis for two23 ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in G65 area or any other competitors across 12 key performance metrics.
two23 ltd Ownership
TWO23 LTD group structure
Two23 Ltd has no subsidiary companies.
Ultimate parent company
TWO23 LTD
SC717422
TWO23 LTD Shareholders
The largest shareholders in Two23 Ltd include Paul Gordon and Philip Archer.
paul gordon
50%
philip archer
50%
two23 ltd directors
Two23 Ltd currently has 2 directors.
The longest serving directors include
Mr Philip Archer (Dec 2021) and
Miss Caroline McNeil (Aug 2024).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023
net assets
676
-1.05%
total assets
120.1k
+32.09%
cash
52.4k
+15.53%
net assets
Total assets minus all liabilities
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Similar companies unavailable for this selection
two23 ltd company details
company number
SC717422
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
December 2021
age
4
incorporated
UK
ultimate parent company
None
accounts
Unaudited Abridged
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
22 backbrae street kilsyth, glasgow, lanarkshire, G65 0NH
Bank
-
Legal Advisor
-
two23 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 two23 ltd.
two23 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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