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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 2018
Turnover £12.18m £35.84m £40.75m £43.91m £56.27m £68.51m
Cash £2.05m £1.61m £1.16m £2.14m £4.74m £5.46m
Increase in Cash £2.05m £-438k £-450k £974k £2.6m £724k

Profit & Loss

2013 2014 2015 2016 2017 2018
Audit Fees £6k £12k £14k £14k £20k £20k
Cost of Sales £9.15m £27.99m £33.38m £35.74m £47.36m £58.05m
Depreciation £25k £67k £72k £73k £79k £67k
Directors Emoluments £291k £417k £434k £637k £458k £461k
Dividends - - - - - -
Export £11.94m £488k £722k - - -
Gross Profit £3.03m £7.85m £7.37m £8.17m £8.91m £10.46m
Interest Payments £71k £137k £91k £89k £88k £72k
Operating Profit £233k £736k £-284k £9k £477k £1.23m
Pretax Profit £165k £602k £-375k £-80k £389k £1.16m
Profit after Tax £30k £229k £-562k £-195k £202k £786k
Retained Profit £30k £229k £-562k £-195k £202k £786k
Taxation £-135k £-373k £-187k £-115k £-187k £-369k
Turnover £12.18m £35.84m £40.75m £43.91m £56.27m £68.51m
Wages & Salaries £917k £1.92m £2.35m £3.07m £3.73m £4.32m

Balance Sheet

2013 2014 2015 2016 2017 2018
Intangible Assets £12.24m £10.97m £9.69m £8.42m £7.14m £6.94m
Bank Loans & Overdrafts £963k £1.5m £1.5m £1.25m £250k £1.5m
Cash £2.05m £1.61m £1.16m £2.14m £4.74m £5.46m
Miscellaneous Current Assets £0 £0 £0 £0 £0 £0
Miscellaneous Current Liabilities £2.64m £3.15m £1.69m £2.39m £3.65m £6m
Other Debtors £462k £585k £800k £1.11m £1.2m £1.41m
Other Long Term Finance £2.65m £0 £0 £0 £0 £0
Other Short Term Finance £1.33m £0 £0 £0 £0 £0
Stock £0 £0 £0 £0 £0 £0
Tangible Accounts £172k £169k £124k £206k £149k £114k
Total Current Assets £2.58m £2.23m £1.99m £3.33m £6.11m £7.4m
Total Current Liabilities £6.74m £6.71m £7.25m £7.46m £8.84m £12.8m
Total Fixed Assets £12.41m £11.13m £9.81m £8.62m £7.29m £7.06m
Total Long Term Finance £3.34m £1.51m £5k £1.76m £1.51m £8k
Trade Creditors £1.81m £2.06m £4.06m £3.82m £4.94m £5.3m
Trade Debtors £69k £30k £25k £82k £172k £522k

Capital & Reserves

2013 2014 2015 2016 2017 2018
Profit & Loss Account Reserve £30k £259k £-315k £-2.15m £-1.95m £-4.4m
Called up share capital £4.88m £4.88m £4.86m £3.24m £3.24m £1k
Revaluation Reserve £0 £0 £0 £0 £0 £0
Shareholder Funds £4.91m £5.14m £4.54m £2.73m £3.05m £1.65m
Sundry Reserves £0 £0 £0 £1.64m £1.76m £6.05m

Cash

2013 2014 2015 2016 2017 2018
Increase in Cash £2.05m £-438k £-450k £974k £2.6m £724k
Net Cash Flow Before Financing £395k £2.19m £1.08m £1.09m £3.85m £3.23m
Net Cash Flow From Financing £1.65m £-2.63m £-1.53m £-118k £-1.25m £-2.51m
Net Cash Flow From Operations £1.86m £3.15m £1.41m £1.44m £4.17m £4.53m

Other Financials

2013 2014 2015 2016 2017 2018
Net Assets £4.91m £5.14m £4.54m £2.73m £3.05m £1.65m
Net Worth £-7.33m £-5.83m £-5.15m £-5.69m £-4.09m £-5.3m
Total Assets £14.99m £13.36m £11.8m £11.95m £13.4m £14.45m
Total Liabilities £10.08m £8.22m £7.26m £9.23m £10.35m £12.81m
Working Capital £-4.16m £-4.49m £-5.27m £-4.13m £-2.73m £-5.4m

Ratios

2013 2014 2015 2016 2017 2018
Creditor Days 21.77% 20.95% 36.26% 31.65% 31.95% 28.17%
Current Debt Ratio 1.37% 1.3% 1.59% 2.73% 2.89% 7.77%
Current Ratio 0.38% 0.33% 0.27% 0.45% 0.69% 0.58%
Debtor Days 0.83% 0.3% 0.22% 0.67% 1.11% 2.77%
Equity In Percentage 178.5% 214.6% 215.2% 77.2% 48.7% 21.9%
Gearing 87.7% 58.5% 33.1% 110.5% 57.8% 91.6%
Liquidity Ratio Or Acid Test 0.38% 0.33% 0.27% 0.44% 0.69% 0.57%
Pre Tax Profit Margin 1.35% 1.68% -0.92% -0.18% 0.69% 1.69%
Return On Capital Employed 1.99% 9.05% -8.24% -1.78% 8.53% 69.83%
Return On Net Assets Employed 3.35% 11.71% -8.25% -2.93% 12.75% 70.17%
Return On Total Assets Employed 1.1% 4.5% -3.17% -0.66% 2.9% 7.99%
Sales Or Net Working Capital 0% 0% 0% 0% 0% 0%
Stock Turnover Ratio 0% 0% 0% 0% 0% 0%
Total Debt Ratio 2.05% 1.59% 1.59% 3.38% 3.39% 7.78%