2CONSULT LIMITED

Executive Summary

2Consult Limited is a micro-sized player in the UK IT consultancy sector, demonstrating modest growth in net assets and maintaining healthy liquidity. While it benefits from agility and a focused operational model, it faces significant competitive pressures from larger, more resource-rich firms in a rapidly evolving industry. Its current scale and financial profile suggest it is a niche specialist rather than a sector leader, operating effectively within its capacity but with limitations on growth and market reach.

2CONSULT LIMITED - Analysis Report

Company Number: 13621585

Analysis Date: 2025-07-29 16:05 UTC

1. Industry Classification
   2Consult Limited operates within the "Information technology consultancy activities" sector, classified under SIC code 62020. This sector primarily involves providing expert advice and assistance on IT systems, software development, integration, and strategic technology planning. Companies in this space typically focus on delivering tailored IT solutions to businesses, supporting digital transformation, and enhancing operational efficiency through technology. The sector is characterised by rapid innovation, a high demand for skilled consultancy, and competitive pressures from both niche specialists and larger IT services firms.

2. Relative Performance
   As a micro-entity with an average of 1 employee, 2Consult Limited is positioned at the smallest scale within the IT consultancy sector. Compared to typical industry metrics, which include medium to large firms generating multi-million-pound revenues and employing dozens to hundreds of consultants, 2Consult Limited's financials reflect an early-stage or boutique consultancy profile. The company reported total assets less current liabilities of £96,521 and shareholders’ funds of the same amount as of September 2023, showing a notable increase from £33,177 in the prior year. This growth indicates some operational scaling or capital injection but remains modest relative to sector norms where firms often leverage higher working capital and asset bases to support larger projects and client portfolios.

3. Sector Trends Impact
   The IT consultancy sector in the UK is influenced by several key trends that impact companies like 2Consult Limited. Firstly, digital transformation initiatives across industries have sustained demand for consultancy services, particularly in cloud migration, cybersecurity, and data analytics. Secondly, the sector experiences rapid technological change, requiring continual skills upgrading and innovation. Small consultancies face challenges competing with large multinational IT service providers who can offer end-to-end solutions and global reach. However, boutique firms often benefit from agility and specialised expertise tailored to niche client needs. The current macroeconomic environment, including inflationary pressures and cautious corporate spending, may constrain IT consultancy budgets but also drives demand for efficiency-enhancing technologies, which can be an opportunity for focused consultancies.

4. Competitive Positioning
   2Consult Limited’s strengths lie in its lean structure, low fixed assets, and positive net current assets indicating good short-term liquidity. The company’s growth in net assets over the last year suggests effective capital management or successful client engagements. However, with only one employee and micro-entity status, the company faces challenges in scaling and competing against larger firms with broader service offerings and deeper resource pools. Its niche positioning may allow for focused service delivery, but it also limits market reach and ability to take on multiple or large-scale projects simultaneously. Compared to typical competitors in IT consultancy who might have diverse teams and robust infrastructure, 2Consult Limited is more vulnerable to client concentration risk and operational bottlenecks. The absence of audited accounts is common in micro-entities but may affect credibility with certain clients seeking established partners.