Thorn Plant Hire Limited

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thorn plant hire limited Company Information

Company Number

02214285

Next Accounts

Feb 2025

Directors

William Byrne

Nolan Byrne

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Shareholders

rathbawn properties ltd

g.a.g. brewin

Group Structure

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Industry

Renting and leasing of construction and civil engineering machinery and equipment

Registered Address

the brickworks,, spring garden lane, berkhamsted, HP4 3GY

Website

www.thornplanthire.co.uk

thorn plant hire limited Estimated Valuation

£11.7m

Pomanda estimates the enterprise value of THORN PLANT HIRE LIMITED at £11.7m based on Net Assets of £5.3m and 2.21x industry multiple (adjusted for liquidity).

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Thorn Plant Hire Limited is a live company located in berkhamsted, HP4 3GY with a Companies House number of 02214285. It operates in the renting and leasing of construction and civil engineering machinery and equipment sector, SIC Code 77320. Founded in January 1988, it's largest shareholder is rathbawn properties ltd with a 92.5% stake. Thorn Plant Hire Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Thorn Plant Hire Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £4.6m, make it smaller than the average company (£11.7m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (6.4%)

EXPORT

Thorn Plant Hire Limited's latest turnover from May 2023 is £4.6 million and the company has net assets of £5.3 million. According to their latest financial statements, Thorn Plant Hire Limited has 25 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	4,551,670	4,803,429	4,811,533	4,859,209	4,352,867	4,560,914	7,170,244	5,145,394	3,889,519	2,861,434	2,343,661	3,017,869	2,317,525	2,974,137
Other Income Or Grants	109,048	343,790	553,137	384,758	1,652,178	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,938,961	2,368,780	2,812,143	2,237,079	2,449,480	1,807,640	3,122,214	2,180,212	1,751,696	854,683	1,077,147	1,416,384	1,182,531	1,442,443
Gross Profit	1,721,757	2,778,439	2,552,527	3,006,888	3,555,565	2,753,274	4,048,030	2,965,182	2,137,823	2,006,751	1,266,514	1,601,485	1,134,994	1,531,694
Admin Expenses	2,361,565	2,479,214	2,195,316	2,001,825	2,142,898	1,805,243	2,092,202	1,779,709	1,502,069	1,327,741	1,113,395	1,304,553	1,084,784	1,214,981
Operating Profit	-639,808	299,225	357,211	1,005,063	1,412,667	948,031	1,955,828	1,185,473	635,754	679,010	153,119	296,932	50,210	316,713
Interest Payable	3,044	5,926	0	0	0	0	0	0	0	0	0	0	1,283	4,644
Interest Receivable	5,858	0	2,078	2,410	3,611	3,054	4,838	5,071	5,898	3,469	5,416	13,325	8,440	4,938
Pre-Tax Profit	-636,994	293,299	359,289	1,007,473	1,416,278	951,085	1,960,666	1,190,544	641,652	682,479	158,535	310,257	57,367	317,007
Tax	-30,161	-314,881	-70,865	-211,614	-370,653	-165,507	-435,054	-138,075	-136,944	-153,254	-43,702	-117,659	14,328	-86,432
Profit After Tax	-667,155	-21,582	288,424	795,859	1,045,625	785,578	1,525,612	1,052,469	504,708	529,225	114,833	192,598	71,695	230,575
Dividends Paid	0	0	0	0	350,004	566,218	1,550,002	1,103,677	250,000	250,000	250,000	500,000	0	0
Retained Profit	-667,155	-21,582	288,424	795,859	695,621	219,360	-24,390	-51,208	254,708	279,225	-135,167	-307,402	71,695	230,575
Employee Costs	1,087,385	949,453	948,467	916,344	913,005	916,930	771,537	732,354	1,392,557	1,178,455	980,063	1,157,189	936,213	1,022,156
Number Of Employees	25	23	24	23	23	24	21	21	22	22	19	19	21	21
EBITDA*	265,578	1,127,326	1,091,287	1,399,911	1,610,429	1,205,408	2,607,822	1,768,316	1,201,147	1,195,940	591,608	718,431	414,420	700,120

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	4,332,117	3,990,635	5,061,561	3,301,008	2,259,100	1,641,536	1,726,294	1,727,966	2,217,204	1,091,148	890,755	1,052,604	683,272	1,147,423
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	4,332,117	3,990,635	5,061,561	3,301,008	2,259,100	1,641,536	1,726,294	1,727,966	2,217,204	1,091,148	890,755	1,052,604	683,272	1,147,423
Stock & work in progress	618,557	769,336	886,314	632,121	907,902	953,393	936,910	1,037,473	653,929	126,120	187,935	75,062	101,275	104,766
Trade Debtors	852,678	976,717	1,154,489	980,080	1,254,194	732,986	1,215,415	1,191,276	525,685	1,043,435	516,897	555,096	477,121	626,441
Group Debtors	0	0	0	512,823	328,823	11,862	0	166,982	241,168	144,140	89,590	233,250	61,216	73,936
Misc Debtors	187,115	151,828	377,059	547,729	155,312	170,295	223,044	361,597	189,122	81,079	68,550	54,325	67,914	41,182
Cash	1,249,711	2,162,144	650,656	1,020,491	1,606,842	1,560,619	2,674,271	722,295	1,249,880	1,214,087	985,344	1,180,471	1,670,702	1,171,233
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,908,061	4,060,025	3,068,518	3,693,244	4,253,073	3,429,155	5,049,640	3,479,623	2,859,784	2,608,861	1,848,316	2,098,204	2,378,228	2,017,558
total assets	7,240,178	8,050,660	8,130,079	6,994,252	6,512,173	5,070,691	6,775,934	5,207,589	5,076,988	3,700,009	2,739,071	3,150,808	3,061,500	3,164,981
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	230,798	128,741	284,082	160,298	521,397	114,254	319,138	190,512	224,553	577,550	184,220	318,431	165,360	160,181
Group/Directors Accounts	223,456	286,811	405,453	0	0	0	740,616	0	234,683	132,717	0	0	0	2,500
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	38,815	38,815	0	0	0	0	0	0	0	0	0	0	0	12,480
other current liabilities	396,333	585,720	679,801	551,447	694,555	605,942	1,585,045	861,552	380,252	367,224	232,095	369,519	139,329	290,376
total current liabilities	889,402	1,040,087	1,369,336	711,745	1,215,952	720,196	2,644,799	1,052,064	839,488	1,077,491	416,315	687,950	304,689	465,537
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	45,284	84,099	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	1,033,507	987,334	800,021	610,209	419,782	169,677	178,607	290,430	321,197	127,334	106,797	111,732	98,283	112,611
total long term liabilities	1,078,791	1,071,433	800,021	610,209	419,782	169,677	178,607	290,430	321,197	127,334	106,797	111,732	98,283	112,611
total liabilities	1,968,193	2,111,520	2,169,357	1,321,954	1,635,734	889,873	2,823,406	1,342,494	1,160,685	1,204,825	523,112	799,682	402,972	578,148
net assets	5,271,985	5,939,140	5,960,722	5,672,298	4,876,439	4,180,818	3,952,528	3,865,095	3,916,303	2,495,184	2,215,959	2,351,126	2,658,528	2,586,833
total shareholders funds	5,271,985	5,939,140	5,960,722	5,672,298	4,876,439	4,180,818	3,952,528	3,865,095	3,916,303	2,495,184	2,215,959	2,351,126	2,658,528	2,586,833

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-639,808	299,225	357,211	1,005,063	1,412,667	948,031	1,955,828	1,185,473	635,754	679,010	153,119	296,932	50,210	316,713
Depreciation	905,386	828,101	734,076	394,848	197,762	257,377	651,994	582,843	565,393	516,930	438,489	421,499	364,210	383,407
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-30,161	-314,881	-70,865	-211,614	-370,653	-165,507	-435,054	-138,075	-136,944	-153,254	-43,702	-117,659	14,328	-86,432
Stock	-150,779	-116,978	254,193	-275,781	-45,491	16,483	-100,563	383,544	527,809	-61,815	112,873	-26,213	-3,491	104,766
Debtors	-88,752	-403,003	-509,084	302,303	823,186	-523,316	-281,396	763,880	-312,679	593,617	-167,634	236,420	-135,308	741,559
Creditors	102,057	-155,341	123,784	-361,099	407,143	-204,884	128,626	-34,041	-352,997	393,330	-134,211	153,071	5,179	160,181
Accruals and Deferred Income	-189,387	-94,081	128,354	-143,108	88,613	-979,103	723,493	481,300	13,028	135,129	-137,424	230,190	-151,047	290,376
Deferred Taxes & Provisions	46,173	187,313	189,812	190,427	250,105	-8,930	-111,823	-30,767	193,863	20,537	-4,935	13,449	-14,328	112,611
Cash flow from operations	433,791	1,270,317	1,717,263	847,995	1,207,942	353,817	3,295,023	899,309	702,967	1,059,880	326,097	787,275	407,351	330,531
Investing Activities
capital expenditure	-1,246,868	242,825	-2,494,629	-1,436,756	-815,326	-172,619	-650,322	-93,605	-126,979	-154,243	73,197	-569,403	549,866	-18,964
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,246,868	242,825	-2,494,629	-1,436,756	-815,326	-172,619	-650,322	-93,605	-126,979	-154,243	73,197	-569,403	549,866	-18,964
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-63,355	-118,642	405,453	0	0	-740,616	740,616	-234,683	101,966	132,717	0	0	-2,500	2,500
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-38,815	122,914	0	0	0	0	0	0	0	0	0	0	-12,480	12,480
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	8,930	111,823	0	1,166,411	0	0	0	0	2,356,258
interest	2,814	-5,926	2,078	2,410	3,611	3,054	4,838	5,071	5,898	3,469	5,416	13,325	7,157	294
cash flow from financing	-99,356	-1,654	407,531	2,410	3,611	-728,632	857,277	-229,612	1,274,275	136,186	5,416	13,325	-7,823	2,371,532
cash and cash equivalents
cash	-912,433	1,511,488	-369,835	-586,351	46,223	-1,113,652	1,951,976	-527,585	35,793	228,743	-195,127	-490,231	499,469	1,171,233
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-912,433	1,511,488	-369,835	-586,351	46,223	-1,113,652	1,951,976	-527,585	35,793	228,743	-195,127	-490,231	499,469	1,171,233

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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THORN PLANT HIRE LIMITED group structure

Thorn Plant Hire Limited has no subsidiary companies.

Ultimate parent company

RATHBAWN PROPERTIES LIMITED

06035588

1 parent

THORN PLANT HIRE LIMITED

02214285

THORN PLANT HIRE LIMITED Shareholders

rathbawn properties ltd	92.5%
g.a.g. brewin	7.5%

Thorn Plant Hire Limited currently has 3 directors. The longest serving directors include Mr William Byrne (Feb 2016) and Mr Nolan Byrne (Feb 2016).

officer	country	age	start	end	role
Mr William Byrne	England	41 years	Feb 2016	-	Director
Mr Nolan Byrne	England	39 years	Feb 2016	-	Director
Mr Liam Gillespie	England	41 years	Jan 2025	-	Director

P&L

May 2023

turnover

4.6m

-5%

operating profit

-639.8k

-314%

gross margin

37.9%

-34.6%

turnover

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

Balance Sheet

May 2023

net assets

5.3m

-0.11%

total assets

7.2m

-0.1%

cash

1.2m

-0.42%

net assets

Total assets minus all liabilities

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company number

02214285

Type

Private limited with Share Capital

industry

77320 - Renting and leasing of construction and civil engineering machinery and equipment

incorporation date

January 1988

ultimate parent company

RATHBAWN PROPERTIES LIMITED

previous names

N/A

address

the brickworks,, spring garden lane, berkhamsted, HP4 3GY

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 5 charges/mortgages relating to thorn plant hire limited. Currently there are 1 open charges and 4 have been satisfied in the past.

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thorn plant hire limited Company Information

thorn plant hire limited Estimated Valuation

thorn plant hire limited Estimated Valuation

thorn plant hire limited Estimated Valuation

Thorn Plant Hire Limited Overview

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THORN PLANT HIRE LIMITED financials

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