thursford enterprises limited

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thursford enterprises limited Company Information

Share THURSFORD ENTERPRISES LIMITED

Company Number

01321878

Directors

John Cushing

Anne Preston

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Shareholders

thursford collection

Group Structure

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Industry

Other retail sale in non-specialised stores

 

Registered Address

laurel farm, thursford, fakenham, norfolk, NR21 0AS

thursford enterprises limited Estimated Valuation

£813.1k

Pomanda estimates the enterprise value of THURSFORD ENTERPRISES LIMITED at £813.1k based on a Turnover of £1.9m and 0.42x industry multiple (adjusted for size and gross margin).

thursford enterprises limited Estimated Valuation

£4.5m

Pomanda estimates the enterprise value of THURSFORD ENTERPRISES LIMITED at £4.5m based on an EBITDA of £1.1m and a 4.03x industry multiple (adjusted for size and gross margin).

thursford enterprises limited Estimated Valuation

£7.7m

Pomanda estimates the enterprise value of THURSFORD ENTERPRISES LIMITED at £7.7m based on Net Assets of £2.6m and 3.02x industry multiple (adjusted for liquidity).

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Thursford Enterprises Limited Overview

Thursford Enterprises Limited is a live company located in fakenham, NR21 0AS with a Companies House number of 01321878. It operates in the other retail sale in non-specialised stores sector, SIC Code 47190. Founded in July 1977, it's largest shareholder is thursford collection with a 100% stake. Thursford Enterprises Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.9m with rapid growth in recent years.

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Thursford Enterprises Limited Health Check

Pomanda's financial health check has awarded Thursford Enterprises Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

2 Regular

positive_score

2 Weak

size

Size

annual sales of £1.9m, make it larger than the average company (£1.1m)

£1.9m - Thursford Enterprises Limited

£1.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (13.7%)

36% - Thursford Enterprises Limited

13.7% - Industry AVG

production

Production

with a gross margin of 45.4%, this company has a comparable cost of product (45.4%)

45.4% - Thursford Enterprises Limited

45.4% - Industry AVG

profitability

Profitability

an operating margin of 48.9% make it more profitable than the average company (5.9%)

48.9% - Thursford Enterprises Limited

5.9% - Industry AVG

employees

Employees

with 60 employees, this is above the industry average (24)

60 - Thursford Enterprises Limited

24 - Industry AVG

paystructure

Pay Structure

on an average salary of £20.7k, the company has an equivalent pay structure (£20.7k)

£20.7k - Thursford Enterprises Limited

£20.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £32.4k, this is less efficient (£90.4k)

£32.4k - Thursford Enterprises Limited

£90.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 2 days, this is earlier than average (9 days)

2 days - Thursford Enterprises Limited

9 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 9 days, this is quicker than average (31 days)

9 days - Thursford Enterprises Limited

31 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 61 days, this is less than average (78 days)

61 days - Thursford Enterprises Limited

78 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 192 weeks, this is more cash available to meet short term requirements (28 weeks)

192 weeks - Thursford Enterprises Limited

28 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 13.2%, this is a lower level of debt than the average (66.8%)

13.2% - Thursford Enterprises Limited

66.8% - Industry AVG

THURSFORD ENTERPRISES LIMITED financials

EXPORTms excel logo

Thursford Enterprises Limited's latest turnover from March 2024 is estimated at £1.9 million and the company has net assets of £2.6 million. According to their latest financial statements, Thursford Enterprises Limited has 60 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover1,946,3132,276,6011,196,910777,1281,508,2931,824,0141,660,4341,974,3762,188,9735,596,6244,463,1054,351,9834,215,8264,452,5454,298,874
Other Income Or Grants
Cost Of Sales1,062,1261,267,372684,582450,572822,139996,185905,8051,104,6121,226,9963,155,4732,197,5572,330,3732,351,4112,196,2652,079,550
Gross Profit884,1871,009,228512,328326,557686,153827,829754,630869,764961,9772,441,1512,265,5482,021,6101,864,4152,256,2802,219,324
Admin Expenses-67,707-319,81330,985519,752694,782590,490744,227858,294955,0482,446,6311,516,8181,589,8861,519,8691,487,2511,375,734
Operating Profit951,8941,329,041481,343-193,195-8,629237,33910,40311,4706,929-5,480748,730431,724344,546769,029843,590
Interest Payable5,2153,781
Interest Receivable54,47826,3533,9655271,1077,5037152,4874,7695,4802,5011,704201
Pre-Tax Profit1,006,3721,355,394485,309-192,668-7,522244,84211,11913,95811,698
Tax-251,593-257,525-92,209-46,520-2,113-2,791-2,339
Profit After Tax754,7791,097,869393,100-192,668-7,522198,3229,00611,1669,358
Dividends Paid
Retained Profit754,7791,097,869393,100-192,668-7,522198,3229,00611,1669,358
Employee Costs1,243,8161,093,386825,735451,941919,3431,156,4821,022,801998,2041,213,4311,101,585879,696826,335823,314907,419
Number Of Employees6057432550636061736755535258
EBITDA*1,115,7591,473,457591,810-118,45728,532260,70942,51435,27877,970178,598922,421614,536543,238962,153996,708

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets443,910436,154356,816299,023261,3101,102,642940,816152,752171,807556,517600,459724,414823,973763,517711,578
Intangible Assets
Investments & Other182,754182,754182,754182,754182,754182,754
Debtors (Due After 1 year)
Total Fixed Assets443,910436,154356,816299,023261,3101,102,642940,816152,752171,807739,271783,213907,1681,006,727946,271894,332
Stock & work in progress180,297208,305238,134230,159174,833173,500192,752126,268133,69496,17595,021113,399130,181177,896183,565
Trade Debtors13,90770,1081,19910,99512,60212,8868,97023,5707,490119,4786,36320,2726,66824,47934,553
Group Debtors84,125215,41233,534368,083
Misc Debtors964,907679,34110,35721,3547,28833,534207,7819,40039,05340,24028,07922,30629,151
Cash1,339,150736,216503,921553,462500,2601,714,562286,1311,092,582897,1521,010,3711,181,544848,0315,0715,7386,123
misc current assets
total current assets2,498,2611,693,970753,611815,970694,9831,934,482695,6341,251,8201,038,3361,226,0241,406,1061,237,354169,999263,953621,475
total assets2,942,1712,130,1241,110,4271,114,993956,2933,037,1241,636,4501,404,5721,210,1431,965,2952,189,3192,144,5221,176,7261,210,2241,515,807
Bank overdraft25,508111,421
Bank loan
Trade Creditors 28,94133,54114,45612,55123,90440,21141,185123,93095,7511,665,295160,891209,604288,298174,089366,296
Group/Directors Accounts191,35573,154211,098619,567315,6322,336,5781,210,584661,079517,26138,772
other short term finances
hp & lease commitments
other current liabilities140,518198,720165,666165,15495,684122,60775,675299,039287,7731,728,4281,634,918849,5561,010,5271,037,990
total current liabilities360,814305,415391,220797,272435,2202,499,3961,327,4441,084,048900,7851,665,2951,889,3191,844,5221,176,6261,210,1241,515,707
loans
hp & lease commitments
Accruals and Deferred Income28,47126,60218,96910,58321,26730,400
other liabilities
provisions
total long term liabilities28,47126,60218,96910,58321,26730,400
total liabilities389,285332,017410,189807,855456,4872,529,7961,327,4441,084,048900,7851,665,2951,889,3191,844,5221,176,6261,210,1241,515,707
net assets2,552,8861,798,107700,238307,138499,806507,328309,006320,524309,358300,000300,000300,000100100100
total shareholders funds2,552,8861,798,107700,238307,138499,806507,328309,006320,524309,358300,000300,000300,000100100100
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit951,8941,329,041481,343-193,195-8,629237,33910,40311,4706,929-5,480748,730431,724344,546769,029843,590
Depreciation163,865144,416110,46774,73837,16123,37032,11123,80871,041184,078173,691182,812198,692193,124153,118
Amortisation
Tax-251,593-257,525-92,209-46,520-2,113-2,791-2,339
Stock-28,008-29,8297,97555,3261,333-19,252192,752-7,42637,5191,154-18,378-16,782-47,715-5,669183,565
Debtors229,365737,893-20,79312,459-26,530-170,331216,75125,480-111,988-10,063-146,383241,177-45,572-351,468431,787
Creditors-4,60019,0851,905-11,353-16,307-97441,18528,179-1,569,5441,504,404-48,713-78,694114,209-192,207366,296
Accruals and Deferred Income-56,33340,6878,89858,786-36,05677,33275,67511,266287,773-1,728,42893,510785,362-160,971-27,4631,037,990
Deferred Taxes & Provisions
Cash flow from operations601,876567,640523,222-138,8091,366480,130-252,24253,878-1,131,671-36,5171,131,9791,096,809589,7631,099,6201,785,642
Investing Activities
capital expenditure-171,621-223,754-168,260-112,451804,171-185,196-972,927-4,753313,669-140,136-49,736-83,253-259,148-245,063-864,696
Change in Investments-182,754182,754
cash flow from investments-171,621-223,754-168,260-112,451804,171-185,196-972,927-4,753496,423-140,136-49,736-83,253-259,148-245,063-1,047,450
Financing Activities
Bank loans
Group/Directors Accounts118,201-137,944-408,469303,935-2,020,9461,125,9941,210,584143,818517,261-38,77238,772
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue300,000299,900100
interest54,47826,3533,9655271,1077,5037152,4874,7695,480-2,714-2,077201
cash flow from financing172,679-111,591-404,504304,462-2,019,8391,133,4971,511,299146,305522,0305,480-2,714259,05138,973100
cash and cash equivalents
cash602,934232,295-49,54153,202-1,214,3021,428,431286,131195,430-113,219-171,173333,513842,960-667-3856,123
overdraft-25,508-85,913111,421
change in cash602,934232,295-49,54153,202-1,214,3021,428,431286,131195,430-113,219-171,173333,513842,96024,84185,528-105,298

thursford enterprises limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Thursford Enterprises Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for thursford enterprises limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in NR21 area or any other competitors across 12 key performance metrics.

thursford enterprises limited Ownership

THURSFORD ENTERPRISES LIMITED group structure

Thursford Enterprises Limited has no subsidiary companies.

Ultimate parent company

1 parent

THURSFORD ENTERPRISES LIMITED

01321878

THURSFORD ENTERPRISES LIMITED Shareholders

thursford collection 100%

thursford enterprises limited directors

Thursford Enterprises Limited currently has 4 directors. The longest serving directors include Mr John Cushing (May 1992) and Mrs Anne Preston (Feb 2007).

officercountryagestartendrole
Mr John Cushing85 years May 1992- Director
Mrs Anne Preston87 years Feb 2007- Director
Mr Andrew WellsUnited Kingdom58 years Oct 2012- Director
Mr Stewart GearyEngland53 years Jan 2020- Director

P&L

March 2024

turnover

1.9m

-15%

operating profit

951.9k

0%

gross margin

45.5%

+2.48%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

2.6m

+0.42%

total assets

2.9m

+0.38%

cash

1.3m

+0.82%

net assets

Total assets minus all liabilities

thursford enterprises limited company details

company number

01321878

Type

Private limited with Share Capital

industry

47190 - Other retail sale in non-specialised stores

incorporation date

July 1977

age

48

incorporated

UK

ultimate parent company

accounts

Small Company

last accounts submitted

March 2024

previous names

N/A

accountant

LARKING GOWEN LLP

auditor

-

address

laurel farm, thursford, fakenham, norfolk, NR21 0AS

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

thursford enterprises limited 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 found 3 charges/mortgages relating to thursford enterprises limited. Currently there are 3 open charges and 0 have been satisfied in the past.

thursford enterprises limited 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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thursford enterprises limited Companies House Filings - See Documents

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