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:quality(60)/https://files-crowdcube-com.s3.amazonaws.com/opportunity_images/21592/201710/51acbd18e75321302e8f08e0b1fc1474.jpg "Parcel2Go.com")
/https://files-crowdcube-com.s3.amazonaws.com/files/pitch_pics/original/201710/afd68e88f629c4b4201cec9a3b7ba167.jpg "Parcel2Go.com")
The UK’s leading parcel delivery comparison website, Parcel2Go offer a cheap alternative to the Post Office, especially for small eBay & Amazon sellers. With over 800,000 customers, P2G had revenue of £56m in 2016/17 with underlying EBIT of £1.9m and has grown at 25% in the first half of this year.
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Financial data drawn from last filed accounts don't necessarily reflect current trading activity. Financials provided by Company Check.
Accounts
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Turnover | £12.18m | £35.84m | £40.75m | £43.91m | £56.27m |
| Cash | £2.05m | £1.61m | £1.16m | £2.14m | £4.74m |
| Increase in Cash | £2.05m | £-438k | £-450k | £974k | £2.6m |
Profit & Loss
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Audit Fees | £6k | £12k | £14k | £14k | £20k |
| Cost of Sales | £9.15m | £27.99m | £33.38m | £35.74m | £47.36m |
| Depreciation | £25k | £67k | £72k | £73k | £79k |
| Directors Emoluments | £291k | £417k | £434k | £637k | £458k |
| Dividends | - | - | - | - | - |
| Export | £11.94m | £488k | £722k | - | - |
| Gross Profit | £3.03m | £7.85m | £7.37m | £8.17m | £8.91m |
| Interest Payments | £71k | £137k | £91k | £89k | £88k |
| Operating Profit | £233k | £736k | £-284k | £9k | £477k |
| Pretax Profit | £165k | £602k | £-375k | £-80k | £389k |
| Profit after Tax | £30k | £229k | £-562k | £-195k | £202k |
| Retained Profit | £30k | £229k | £-562k | £-195k | £202k |
| Taxation | £-135k | £-373k | £-187k | £-115k | £-187k |
| Turnover | £12.18m | £35.84m | £40.75m | £43.91m | £56.27m |
| Wages & Salaries | £917k | £1.92m | £2.35m | £3.07m | £3.73m |
Balance Sheet
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Intangible Assets | £12.24m | £10.97m | £9.69m | £8.42m | £7.14m |
| Bank Loans & Overdrafts | £963k | £1.5m | £1.5m | £1.25m | £250k |
| Cash | £2.05m | £1.61m | £1.16m | £2.14m | £4.74m |
| Miscellaneous Current Assets | £0 | £0 | £0 | £0 | £0 |
| Miscellaneous Current Liabilities | £2.64m | £3.15m | £1.69m | £2.39m | £3.65m |
| Other Debtors | £462k | £585k | £800k | £1.11m | £1.2m |
| Other Long Term Finance | £2.65m | £0 | £0 | £0 | £0 |
| Other Short Term Finance | £1.33m | £0 | £0 | £0 | £0 |
| Stock | £0 | £0 | £0 | £0 | £0 |
| Tangible Accounts | £172k | £169k | £124k | £206k | £149k |
| Total Current Assets | £2.58m | £2.23m | £1.99m | £3.33m | £6.11m |
| Total Current Liabilities | £6.74m | £6.71m | £7.25m | £7.46m | £8.84m |
| Total Fixed Assets | £12.41m | £11.13m | £9.81m | £8.62m | £7.29m |
| Total Long Term Finance | £3.34m | £1.51m | £5k | £1.76m | £1.51m |
| Trade Creditors | £1.81m | £2.06m | £4.06m | £3.82m | £4.94m |
| Trade Debtors | £69k | £30k | £25k | £82k | £172k |
Capital & Reserves
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Profit & Loss Account Reserve | £30k | £259k | £-315k | £-2.15m | £-1.95m |
| Called up share capital | £4.88m | £4.88m | £4.86m | £3.24m | £3.24m |
| Revaluation Reserve | £0 | £0 | £0 | £0 | £0 |
| Shareholder Funds | £4.91m | £5.14m | £4.54m | £2.73m | £3.05m |
| Sundry Reserves | £0 | £0 | £0 | £1.64m | £1.76m |
Cash
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Increase in Cash | £2.05m | £-438k | £-450k | £974k | £2.6m |
| Net Cash Flow Before Financing | £395k | £2.19m | £1.08m | £1.09m | £3.85m |
| Net Cash Flow From Financing | £1.65m | £-2.63m | £-1.53m | £-118k | £-1.25m |
| Net Cash Flow From Operations | £1.86m | £3.15m | £1.41m | £1.44m | £4.17m |
Other Financials
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Net Assets | £4.91m | £5.14m | £4.54m | £2.73m | £3.05m |
| Net Worth | £-7.33m | £-5.83m | £-5.15m | £-5.69m | £-4.09m |
| Total Assets | £14.99m | £13.36m | £11.8m | £11.95m | £13.4m |
| Total Liabilities | £10.08m | £8.22m | £7.26m | £9.23m | £10.35m |
| Working Capital | £-4.16m | £-4.49m | £-5.27m | £-4.13m | £-2.73m |
Ratios
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Creditor Days | 21.77% | 20.95% | 36.26% | 31.65% | 31.95% |
| Current Debt Ratio | 1.37% | 1.3% | 1.59% | 2.73% | 2.89% |
| Current Ratio | 0.38% | 0.33% | 0.27% | 0.45% | 0.69% |
| Debtor Days | 0.83% | 0.3% | 0.22% | 0.67% | 1.11% |
| Equity In Percentage | 178.5% | 214.6% | 215.2% | 77.2% | 48.7% |
| Gearing | 87.7% | 58.5% | 33.1% | 110.5% | 57.8% |
| Liquidity Ratio Or Acid Test | 0.38% | 0.33% | 0.27% | 0.44% | 0.69% |
| Pre Tax Profit Margin | 1.35% | 1.68% | -0.92% | -0.18% | 0.69% |
| Return On Capital Employed | 1.99% | 9.05% | -8.24% | -1.78% | 8.53% |
| Return On Net Assets Employed | 3.35% | 11.71% | -8.25% | -2.93% | 12.75% |
| Return On Total Assets Employed | 1.1% | 4.5% | -3.17% | -0.66% | 2.9% |
| Sales Or Net Working Capital | 0% | 0% | 0% | 0% | 0% |
| Stock Turnover Ratio | 0% | 0% | 0% | 0% | 0% |
| Total Debt Ratio | 2.05% | 1.59% | 1.59% | 3.38% | 3.39% |
