Thornley Leisure (ocean Heights) Limited

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thornley leisure (ocean heights) limited Company Information

Company Number

01385048

Next Accounts

85 days late

Directors

David Thornley

Elizabeth Richards

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Shareholders

thornley leisure parks 2022 limited

Group Structure

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Industry

Dormant Company

Registered Address

william sutcliffe suite, raymond court princes drive, colwyn bay, conwy, LL29 8HT

Website

www.thornleyleisure.co.uk

thornley leisure (ocean heights) limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of THORNLEY LEISURE (OCEAN HEIGHTS) LIMITED at £1.5m based on Net Assets of £2.8m and 0.54x industry multiple (adjusted for liquidity).

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Thornley Leisure (ocean Heights) Limited is a live company located in colwyn bay, LL29 8HT with a Companies House number of 01385048. It operates in the dormant company sector, SIC Code 99999. Founded in August 1978, it's largest shareholder is thornley leisure parks 2022 limited with a 100% stake. Thornley Leisure (ocean Heights) Limited is a mature, small sized company, Pomanda has estimated its turnover at £920.4k with high growth in recent years.

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Pomanda's financial health check has awarded Thornley Leisure (Ocean Heights) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £920.4k, make it smaller than the average company (£6m)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (4.4%)

EXPORT

Thornley Leisure (Ocean Heights) Limited's latest turnover from March 2023 is estimated at £920.4 thousand and the company has net assets of £2.8 million. According to their latest financial statements, Thornley Leisure (Ocean Heights) Limited has 6 employees and maintains cash reserves of £44.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	920,350	655,255	473,224	540,280	824,402	521,900	470,912	566,015	2,094,233	2,577,244	2,530,357	2,724,480	1,860,609	1,980,116
Other Income Or Grants
Cost Of Sales	619,159	444,631	321,117	376,099	569,997	362,451	319,641	388,402	1,446,108	1,786,767	1,759,858	1,892,638	1,308,626	1,388,012
Gross Profit	301,192	210,625	152,107	164,181	254,406	159,450	151,271	177,613	648,125	790,477	770,498	831,842	551,982	592,104
Admin Expenses	577,455	-154,833	-499,086	-116,564	-91,457	110,304	-285,497	-48,737	587,154	637,162	588,924	572,448	326,201	804,182	-879,190
Operating Profit	-276,263	365,458	651,193	280,745	345,863	49,146	436,768	226,350	60,971	153,315	181,574	259,394	225,781	-212,078	879,190
Interest Payable					811	811		6,590	15,133	11,543	5,836	2,658	85	1,231	1,231
Interest Receivable	10,886	15,521	695	277	290	453	357	206					62	62
Pre-Tax Profit	-265,377	380,979	651,888	281,022	345,343	48,789	437,125	219,966	45,839	141,772	175,738	256,737	225,758	-213,247	877,960
Tax		-72,386	-123,859	-53,394	-65,615	-9,270	-83,054	-43,993	-9,168	-29,772	-40,420	-61,617	-58,697		-245,829
Profit After Tax	-265,377	308,593	528,029	227,628	279,728	39,519	354,071	175,973	36,671	112,000	135,318	195,120	167,061	-213,247	632,131
Dividends Paid
Retained Profit	-265,377	308,593	528,029	227,628	279,728	39,519	354,071	175,973	36,671	112,000	135,318	195,120	167,061	-213,247	632,131
Employee Costs	233,755	216,568	212,382	202,759	273,948	129,587	153,991	155,634	427,770	507,050	493,000	525,004	377,931	399,214
Number Of Employees	6	6	6	6	8	4	5	5	14	17	17	18	13	14
EBITDA*	-264,869	394,514	683,277	319,746	396,528	116,538	484,758	269,048	100,741	190,207	223,432	308,338	261,806	-179,236	895,007

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	1,350,646	1,321,939	1,345,857	1,369,818	1,440,240	1,544,040	1,479,483	1,359,088	1,255,039	1,137,278	1,070,677	1,090,010	1,046,935	1,050,461	995,742
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	1,350,646	1,321,939	1,345,857	1,369,818	1,440,240	1,544,040	1,479,483	1,359,088	1,255,039	1,137,278	1,070,677	1,090,010	1,046,935	1,050,461	995,742
Stock & work in progress	615,951	322,511	139,241	193,792	224,078	225,526	154,697	171,415	343,649	319,158	164,093	113,063	234,308	119,907	108,906
Trade Debtors	24,793	7,021	25,693	30,825	36,861	38,822	33,337	30,643	174,793	296,013	305,742	307,405	54,679	49,156	72,560
Group Debtors								100,000
Misc Debtors	1,726,991	1,849,872	1,021,448	795,863	734,938	328,026	335,861	33,341
Cash	44,527	467,737	911,875	477,274	77,423	24	120,772	164,630	138	42	2	12	89	24,624	144
misc current assets
total current assets	2,412,262	2,647,141	2,098,257	1,497,754	1,073,300	592,398	644,667	500,029	518,580	615,213	469,837	420,480	289,076	193,687	181,610
total assets	3,762,908	3,969,080	3,444,114	2,867,572	2,513,540	2,136,438	2,124,150	1,859,117	1,773,619	1,752,491	1,540,514	1,510,490	1,336,011	1,244,148	1,177,352
Bank overdraft						24,015			210,867	254,751	100,407	79,169	2,602		37,871
Bank loan
Trade Creditors	43,094	160,557	51,413	49,081	118,316	35,940	34,661	92,039	436,548	412,257	472,024	596,256	688,464	764,964	452,650
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	921,781	752,672	650,499	600,518	402,379	364,866	414,391	461,351
total current liabilities	964,875	913,229	701,912	649,599	520,695	424,821	449,052	553,390	647,415	667,008	572,431	675,425	691,066	764,964	490,521
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions	44,815	37,256	32,200	36,000	38,500	37,000	40,000	24,700	21,150	17,100	11,700	14,000	19,000	20,300	14,700
total long term liabilities	44,815	37,256	32,200	36,000	38,500	37,000	40,000	24,700	21,150	17,100	11,700	14,000	19,000	20,300	14,700
total liabilities	1,009,690	950,485	734,112	685,599	559,195	461,821	489,052	578,090	668,565	684,108	584,131	689,425	710,066	785,264	505,221
net assets	2,753,218	3,018,595	2,710,002	2,181,973	1,954,345	1,674,617	1,635,098	1,281,027	1,105,054	1,068,383	956,383	821,065	625,945	458,884	672,131
total shareholders funds	2,753,218	3,018,595	2,710,002	2,181,973	1,954,345	1,674,617	1,635,098	1,281,027	1,105,054	1,068,383	956,383	821,065	625,945	458,884	672,131

	Mar 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-276,263	365,458	651,193	280,745	345,863	49,146	436,768	226,350	60,971	153,315	181,574	259,394	225,781	-212,078	879,190
Depreciation	11,394	29,056	32,084	39,001	50,665	67,392	47,990	42,698	39,770	36,892	41,858	48,944	36,025	32,842	15,817
Amortisation
Tax		-72,386	-123,859	-53,394	-65,615	-9,270	-83,054	-43,993	-9,168	-29,772	-40,420	-61,617	-58,697		-245,829
Stock	293,440	183,270	-54,551	-30,286	-1,448	70,829	-16,718	-172,234	24,491	155,065	51,030	-121,245	114,401	11,001	108,906
Debtors	-105,109	809,752	220,453	54,889	404,951	-2,350	205,214	-10,809	-121,220	-9,729	-1,663	252,726	5,523	-23,404	72,560
Creditors	-117,463	109,144	2,332	-69,235	82,376	1,279	-57,378	-344,509	24,291	-59,767	-124,232	-92,208	-76,500	312,314	452,650
Accruals and Deferred Income	169,109	102,173	49,981	198,139	37,513	-49,525	-46,960	461,351
Deferred Taxes & Provisions	7,559	5,056	-3,800	-2,500	1,500	-3,000	15,300	3,550	4,050	5,400	-2,300	-5,000	-1,300	5,600	14,700
Cash flow from operations	-393,995	-454,521	442,029	368,153	48,799	-12,457	124,170	528,490	216,643	-39,268	7,113	18,032	5,385	151,081	935,062
Investing Activities
capital expenditure	-40,101	-5,138	-8,123	31,421	53,135	-131,949	-168,385	-146,747	-157,531	-103,493	-22,525	-92,019	-32,499	-87,561	-1,011,559
Change in Investments
cash flow from investments	-40,101	-5,138	-8,123	31,421	53,135	-131,949	-168,385	-146,747	-157,531	-103,493	-22,525	-92,019	-32,499	-87,561	-1,011,559
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															40,000
interest	10,886	15,521	695	277	-521	-358	357	-6,384	-15,133	-11,543	-5,836	-2,658	-23	-1,169	-1,231
cash flow from financing	10,886	15,521	695	277	-521	-358	357	-6,384	-15,133	-11,543	-5,836	-2,658	-23	-1,169	38,769
cash and cash equivalents
cash	-423,210	-444,138	434,601	399,851	77,399	-120,748	-43,858	164,492	96	40	-10	-77	-24,535	24,480	144
overdraft					-24,015	24,015		-210,867	-43,884	154,344	21,238	76,567	2,602	-37,871	37,871
change in cash	-423,210	-444,138	434,601	399,851	101,414	-144,763	-43,858	375,359	43,980	-154,304	-21,248	-76,644	-27,137	62,351	-37,727

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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THORNLEY LEISURE (OCEAN HEIGHTS) LIMITED group structure

Thornley Leisure (Ocean Heights) Limited has no subsidiary companies.

Ultimate parent company

THORNLEY LEISURE PARKS LIMITED

14460973

1 parent

THORNLEY LEISURE (OCEAN HEIGHTS) LIMITED

01385048

THORNLEY LEISURE (OCEAN HEIGHTS) LIMITED Shareholders

thornley leisure parks 2022 limited

100%

Thornley Leisure (Ocean Heights) Limited currently has 3 directors. The longest serving directors include Mr David Thornley (Mar 1991) and Mrs Elizabeth Richards (Apr 2010).

officer	country	age	start	end	role
Mr David Thornley	England	69 years	Mar 1991	-	Director
Mrs Elizabeth Richards	Wales	40 years	Apr 2010	-	Director
Mr David Thornley	United Kingdom	43 years	Apr 2010	-	Director

P&L

March 2023

turnover

920.4k

+40%

operating profit

-276.3k

gross margin

32.8%

+1.81%

turnover

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

Balance Sheet

March 2023

net assets

2.8m

-0.09%

total assets

3.8m

-0.05%

cash

44.5k

-0.9%

net assets

Total assets minus all liabilities

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company number

01385048

Type

Private limited with Share Capital

industry

99999 - Dormant Company

incorporation date

August 1978

ultimate parent company

THORNLEY LEISURE PARKS LIMITED

previous names

N/A

address

william sutcliffe suite, raymond court princes drive, colwyn bay, conwy, LL29 8HT

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 2 charges/mortgages relating to thornley leisure (ocean heights) limited. Currently there are 2 open charges and 0 have been satisfied in the past.

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thornley leisure (ocean heights) limited Company Information

thornley leisure (ocean heights) limited Estimated Valuation

thornley leisure (ocean heights) limited Estimated Valuation

thornley leisure (ocean heights) limited Estimated Valuation

Thornley Leisure (ocean Heights) Limited Overview

Thornley Leisure (ocean Heights) Limited Health Check

THORNLEY LEISURE (OCEAN HEIGHTS) LIMITED financials

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thornley leisure (ocean heights) limited Ownership

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