thrive operations limited
thrive operations limited Company Information
Company Number
02698057
Website
www.oni.co.ukRegistered Address
50 pall mall, london, SW1Y 5JH
Industry
Data processing, hosting and related activities
Computer consultancy activities
Telephone
01582211530
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
thrive uk holdings limited 100%
thrive operations limited Estimated Valuation
Pomanda estimates the enterprise value of THRIVE OPERATIONS LIMITED at £20.8m based on a Turnover of £18.7m and 1.11x industry multiple (adjusted for size and gross margin).
thrive operations limited Estimated Valuation
Pomanda estimates the enterprise value of THRIVE OPERATIONS LIMITED at £16.2m based on an EBITDA of £2.3m and a 7x industry multiple (adjusted for size and gross margin).
thrive operations limited Estimated Valuation
Pomanda estimates the enterprise value of THRIVE OPERATIONS LIMITED at £1.9m based on Net Assets of £3.6m and 0.51x industry multiple (adjusted for liquidity).
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Thrive Operations Limited Overview
Thrive Operations Limited is a live company located in london, SW1Y 5JH with a Companies House number of 02698057. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in March 1992, it's largest shareholder is thrive uk holdings limited with a 100% stake. Thrive Operations Limited is a mature, mid sized company, Pomanda has estimated its turnover at £18.7m with low growth in recent years.
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Thrive Operations Limited Health Check
Pomanda's financial health check has awarded Thrive Operations Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
4 Regular
2 Weak
Size
annual sales of £18.7m, make it larger than the average company (£4.3m)
£18.7m - Thrive Operations Limited
£4.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (4.9%)
- Thrive Operations Limited
4.9% - Industry AVG
Production
with a gross margin of 41.8%, this company has a comparable cost of product (52.1%)
41.8% - Thrive Operations Limited
52.1% - Industry AVG
Profitability
an operating margin of 10.7% make it more profitable than the average company (5.7%)
10.7% - Thrive Operations Limited
5.7% - Industry AVG
Employees
with 66 employees, this is above the industry average (28)
66 - Thrive Operations Limited
28 - Industry AVG
Pay Structure
on an average salary of £69k, the company has an equivalent pay structure (£61k)
£69k - Thrive Operations Limited
£61k - Industry AVG
Efficiency
resulting in sales per employee of £283.5k, this is more efficient (£151.7k)
£283.5k - Thrive Operations Limited
£151.7k - Industry AVG
Debtor Days
it gets paid by customers after 69 days, this is near the average (59 days)
69 days - Thrive Operations Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 62 days, this is slower than average (35 days)
62 days - Thrive Operations Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (12 days)
2 days - Thrive Operations Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is average cash available to meet short term requirements (16 weeks)
15 weeks - Thrive Operations Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.2%, this is a higher level of debt than the average (60.8%)
69.2% - Thrive Operations Limited
60.8% - Industry AVG
THRIVE OPERATIONS LIMITED financials
Thrive Operations Limited's latest turnover from December 2022 is £18.7 million and the company has net assets of £3.6 million. According to their latest financial statements, Thrive Operations Limited has 66 employees and maintains cash reserves of £2.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 18,708,818 | 11,760,368 | 17,965,555 | 17,879,362 | 18,514,035 | 17,789,419 | 14,224,203 | 13,490,670 | 14,417,186 | 15,795,879 | 14,605,026 | 11,956,776 | 20,019,277 | 12,902,245 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 10,898,520 | 6,030,100 | 10,108,392 | 10,514,770 | 10,786,199 | 10,685,004 | 7,638,828 | 7,038,543 | 7,191,031 | 8,285,825 | 7,850,037 | 6,224,095 | 12,878,516 | 7,444,251 |
| Gross Profit | 7,810,298 | 5,730,268 | 7,857,163 | 7,364,592 | 7,727,836 | 7,104,415 | 6,585,375 | 6,452,127 | 7,226,155 | 7,510,054 | 6,754,989 | 5,732,681 | 7,140,761 | 5,457,994 |
| Admin Expenses | 5,813,265 | 3,641,898 | 6,102,835 | 6,790,603 | 7,042,174 | 6,710,798 | 6,305,638 | 7,061,427 | 6,741,963 | 6,332,970 | 5,691,310 | 6,480,382 | 6,172,968 | 4,829,111 |
| Operating Profit | 1,997,033 | 2,088,370 | 1,754,328 | 573,989 | 685,662 | 393,617 | 279,737 | -609,300 | 484,192 | 1,177,084 | 1,063,679 | -747,701 | 967,793 | 628,883 |
| Interest Payable | 19,038 | 16,383 | 31,928 | 25,226 | 23,117 | 15,477 | 13,233 | 37,160 | 45,058 | 54,545 | 63,550 | 83,119 | 41,530 | 12,993 |
| Interest Receivable | 89,923 | 46,885 | 5,545 | 15,857 | 9,412 | 3,334 | 3,294 | 2,586 | 6,333 | 6,974 | 2,031 | 1,931 | 2,082 | 4,853 |
| Pre-Tax Profit | 2,067,918 | 2,118,872 | 1,727,945 | 564,620 | 671,957 | 381,474 | 269,798 | -643,874 | 445,467 | 1,129,513 | 1,002,160 | -828,889 | 928,345 | 620,743 |
| Tax | -394,676 | 107,756 | -361,707 | -134,162 | -145,693 | -71,067 | -25,666 | 126,889 | -20,575 | -184,557 | -218,207 | 195,866 | -196,712 | -96,256 |
| Profit After Tax | 1,673,242 | 2,226,628 | 1,366,238 | 430,458 | 526,264 | 310,407 | 244,132 | -516,985 | 424,892 | 944,956 | 783,953 | -633,023 | 731,633 | 524,487 |
| Dividends Paid | 248,800 | 4,400,000 | 321,765 | 224,086 | 126,930 | 98,201 | 0 | 0 | 0 | 436,211 | 292,497 | 0 | 261,173 | 240,000 |
| Retained Profit | 1,424,442 | -2,173,372 | 1,044,473 | 206,372 | 399,334 | 212,206 | 244,132 | -516,985 | 424,892 | 508,745 | 491,456 | -633,023 | 470,460 | 284,487 |
| Employee Costs | 4,552,703 | 3,589,221 | 4,699,839 | 4,830,339 | 5,002,618 | 4,922,325 | 4,658,176 | 5,180,059 | 4,967,483 | 4,841,569 | 4,328,594 | 5,094,648 | 4,757,937 | 3,971,187 |
| Number Of Employees | 66 | 65 | 67 | 72 | 76 | 73 | 73 | 86 | 86 | 82 | 67 | 80 | 77 | 69 |
| EBITDA* | 2,314,695 | 2,367,093 | 2,283,414 | 1,088,202 | 1,247,590 | 910,451 | 733,315 | -166,835 | 894,348 | 1,600,451 | 1,469,899 | -380,328 | 1,151,781 | 696,407 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,161,370 | 1,147,884 | 3,120,532 | 3,159,519 | 3,696,984 | 3,416,779 | 3,457,175 | 3,596,071 | 3,847,215 | 3,687,179 | 3,814,141 | 3,832,091 | 2,564,008 | 1,763,476 |
| 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) | 4,066,602 | 2,849,858 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 5,227,972 | 3,997,742 | 3,120,532 | 3,159,519 | 3,696,984 | 3,416,779 | 3,457,175 | 3,596,071 | 3,847,215 | 3,687,179 | 3,814,141 | 3,832,091 | 2,564,008 | 1,763,476 |
| Stock & work in progress | 78,801 | 90,120 | 153,559 | 99,883 | 109,515 | 85,077 | 112,899 | 210,931 | 477,618 | 519,182 | 455,260 | 583,634 | 658,834 | 445,149 |
| Trade Debtors | 3,578,294 | 2,195,430 | 4,355,639 | 5,017,334 | 2,783,912 | 3,384,744 | 3,883,532 | 2,121,855 | 2,812,869 | 2,960,096 | 3,313,973 | 3,247,620 | 4,519,839 | 2,849,671 |
| Group Debtors | 0 | 31,150 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 693,833 | 514,688 | 236,812 | 341,635 | 498,729 | 458,587 | 378,726 | 277,769 | 330,112 | 228,498 | 354,926 | 392,358 | 340,186 | 546,899 |
| Cash | 2,176,771 | 623,694 | 6,915,515 | 4,784,566 | 3,855,593 | 2,838,640 | 2,256,548 | 2,188,301 | 2,065,494 | 3,013,233 | 2,848,885 | 1,432,636 | 2,340,239 | 1,400,416 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,527,699 | 3,455,082 | 11,661,525 | 10,243,418 | 7,247,749 | 6,767,048 | 6,631,705 | 4,798,856 | 5,686,093 | 6,721,009 | 6,973,044 | 5,656,248 | 7,859,098 | 5,242,135 |
| total assets | 11,755,671 | 7,452,824 | 14,782,057 | 13,402,937 | 10,944,733 | 10,183,827 | 10,088,880 | 8,394,927 | 9,533,308 | 10,408,188 | 10,787,185 | 9,488,339 | 10,423,106 | 7,005,611 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 70,860 | 79,107 | 76,352 | 152,216 | 279,304 | 341,114 | 282,138 | 271,750 | 351,750 | 139,083 |
| Trade Creditors | 1,852,548 | 1,492,846 | 2,787,006 | 3,008,085 | 2,064,780 | 2,972,211 | 2,263,677 | 2,040,473 | 1,904,143 | 1,943,357 | 2,456,438 | 1,416,864 | 2,377,586 | 1,258,791 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 200,000 | 247,498 | 0 | 200,000 | 32,000 |
| other short term finances | 88,434 | 206,425 | 270,179 | 130,946 | 173,174 | 156,398 | 71,942 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 81,186 | 123,855 | 134,618 | 151,638 | 207,215 | 151,798 | 117,105 | 78,990 | 128,973 | 78,457 | 152,977 | 147,881 | 84,108 | 0 |
| other current liabilities | 5,470,327 | 3,213,376 | 5,451,084 | 4,314,590 | 3,672,793 | 2,661,753 | 3,601,765 | 2,734,355 | 3,047,701 | 3,770,912 | 3,760,735 | 3,792,887 | 3,521,181 | 2,843,083 |
| total current liabilities | 7,492,495 | 5,036,502 | 8,642,887 | 7,605,259 | 6,188,822 | 6,021,267 | 6,130,841 | 5,006,034 | 5,360,121 | 6,333,840 | 6,899,786 | 5,629,382 | 6,534,625 | 4,272,957 |
| loans | 0 | 92,176 | 240,298 | 58,707 | 189,653 | 197,622 | 222,524 | 234,657 | 391,296 | 652,756 | 755,232 | 1,055,071 | 1,256,531 | 804,015 |
| hp & lease commitments | 43,826 | 51,970 | 144,599 | 297,177 | 447,567 | 334,416 | 135,004 | 86,833 | 110,982 | 80,251 | 158,704 | 321,453 | 129,711 | 0 |
| Accruals and Deferred Income | 562,157 | 70,186 | 144,348 | 1,228,372 | 55,948 | 107,334 | 357,914 | 126,507 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 86,139 | 150,301 | 284,665 | 353,333 | 0 | 0 |
| provisions | 30,761 | 0 | 100,289 | 111,140 | 162,998 | 136,861 | 79,719 | 32,254 | 159,143 | 75,845 | 82,348 | 14,106 | 89,585 | 13,261 |
| total long term liabilities | 636,744 | 214,332 | 629,534 | 1,695,396 | 856,166 | 776,233 | 795,161 | 480,251 | 747,560 | 959,153 | 1,280,949 | 1,743,963 | 1,475,827 | 817,276 |
| total liabilities | 8,129,239 | 5,250,834 | 9,272,421 | 9,300,655 | 7,044,988 | 6,797,500 | 6,926,002 | 5,486,285 | 6,107,681 | 7,292,993 | 8,180,735 | 7,373,345 | 8,010,452 | 5,090,233 |
| net assets | 3,626,432 | 2,201,990 | 5,509,636 | 4,102,282 | 3,899,745 | 3,386,327 | 3,162,878 | 2,908,642 | 3,425,627 | 3,115,195 | 2,606,450 | 2,114,994 | 2,412,654 | 1,915,378 |
| total shareholders funds | 3,626,432 | 2,201,990 | 5,509,636 | 4,102,282 | 3,899,745 | 3,386,327 | 3,162,878 | 2,908,642 | 3,425,627 | 3,115,195 | 2,606,450 | 2,114,994 | 2,412,654 | 1,915,378 |
| Dec 2022 | Dec 2021 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,997,033 | 2,088,370 | 1,754,328 | 573,989 | 685,662 | 393,617 | 279,737 | -609,300 | 484,192 | 1,177,084 | 1,063,679 | -747,701 | 967,793 | 628,883 |
| Depreciation | 317,662 | 278,723 | 529,086 | 514,213 | 561,928 | 516,834 | 453,578 | 442,465 | 410,156 | 423,367 | 406,220 | 367,373 | 183,988 | 67,524 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -394,676 | 107,756 | -361,707 | -134,162 | -145,693 | -71,067 | -25,666 | 126,889 | -20,575 | -184,557 | -218,207 | 195,866 | -196,712 | -96,256 |
| Stock | -11,319 | -9,763 | 53,676 | -9,632 | 24,438 | -27,822 | -98,032 | -266,687 | -41,564 | 63,922 | -128,374 | -75,200 | 213,685 | 445,149 |
| Debtors | 2,747,603 | 232,157 | -766,518 | 2,076,328 | -560,690 | -418,927 | 1,862,634 | -743,357 | -45,613 | -480,305 | 28,921 | -1,220,047 | 1,463,455 | 3,396,570 |
| Creditors | 359,702 | -1,515,239 | -221,079 | 943,305 | -907,431 | 708,534 | 223,204 | 136,330 | -39,214 | -513,081 | 1,039,574 | -960,722 | 1,118,795 | 1,258,791 |
| Accruals and Deferred Income | 2,748,922 | -2,259,400 | 52,470 | 1,814,221 | 959,654 | -1,190,592 | 1,098,817 | -186,839 | -723,211 | 10,177 | -32,152 | 271,706 | 678,098 | 2,843,083 |
| Deferred Taxes & Provisions | 30,761 | -111,140 | -10,851 | -51,858 | 26,137 | 57,142 | 47,465 | -126,889 | 83,298 | -6,503 | 68,242 | -75,479 | 76,324 | 13,261 |
| Cash flow from operations | 2,323,120 | -1,633,324 | 2,455,089 | 1,593,012 | 1,716,509 | 861,217 | 312,533 | 792,700 | 281,823 | 1,322,870 | 2,426,809 | 346,290 | 1,151,146 | 873,567 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | -349,168 | -82,548 | -96,907 | -196,940 | -401,351 | -296,405 | -383,032 | -836,140 | -806,292 | -796,184 | |||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | -349,168 | -82,548 | -96,907 | -196,940 | -401,351 | -296,405 | -383,032 | -836,140 | -806,292 | -796,184 | |||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | -70,860 | -8,247 | 2,755 | -75,864 | -127,088 | -61,810 | 58,976 | 10,388 | -80,000 | 212,667 | 139,083 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -200,000 | -47,498 | 247,498 | -200,000 | 168,000 | 32,000 |
| Other Short Term Loans | -117,991 | 75,479 | 139,233 | -42,228 | 16,776 | 84,456 | 71,942 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -92,176 | 33,469 | 181,591 | -130,946 | -7,969 | -24,902 | -12,133 | -156,639 | -261,460 | -102,476 | -299,839 | -201,460 | 452,516 | 804,015 |
| Hire Purchase and Lease Commitments | -50,813 | -272,990 | -169,598 | -205,967 | 168,568 | 234,105 | 86,286 | -74,132 | 81,247 | -152,973 | -157,653 | 255,515 | 213,819 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -86,139 | -64,162 | -134,364 | -68,668 | 353,333 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 70,885 | 30,502 | -26,383 | -9,369 | -13,705 | -12,143 | -9,939 | -34,574 | -38,725 | -47,571 | -61,519 | -81,188 | -39,448 | -8,140 |
| cash flow from financing | -190,095 | 139,540 | 487,724 | -463,205 | 269,507 | 295,514 | 70,396 | -478,572 | -659,370 | -425,906 | -329,793 | 381,563 | 1,034,370 | 2,597,849 |
| cash and cash equivalents | ||||||||||||||
| cash | 1,553,077 | -4,160,872 | 2,130,949 | 928,973 | 1,016,953 | 582,092 | 68,247 | 122,807 | -947,739 | 164,348 | 1,416,249 | -907,603 | 939,823 | 1,400,416 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,553,077 | -4,160,872 | 2,130,949 | 928,973 | 1,016,953 | 582,092 | 68,247 | 122,807 | -947,739 | 164,348 | 1,416,249 | -907,603 | 939,823 | 1,400,416 |
thrive operations limited Credit Report and Business Information
Thrive Operations Limited Competitor Analysis
Perform a competitor analysis for thrive operations limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in SW1Y area or any other competitors across 12 key performance metrics.
thrive operations limited Ownership
THRIVE OPERATIONS LIMITED group structure
Thrive Operations Limited has no subsidiary companies.
Ultimate parent company
THRIVE OPERATIONS LLC
#0140401
2 parents
THRIVE OPERATIONS LIMITED
02698057
thrive operations limited directors
Thrive Operations Limited currently has 4 directors. The longest serving directors include Mr Kevin Kivlochan (Aug 2000) and Mr Matthew Dennett (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kevin Kivlochan | England | 62 years | Aug 2000 | - | Director |
| Mr Matthew Dennett | United States | 38 years | May 2021 | - | Director |
| Mr Robert Stephenson | United States | 56 years | May 2021 | - | Director |
| Mr Richard Smith | England | 60 years | Oct 2021 | - | Director |
P&L
December 2022turnover
18.7m
+59%
operating profit
2m
-4%
gross margin
41.8%
-14.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
3.6m
+0.65%
total assets
11.8m
+0.58%
cash
2.2m
+2.49%
net assets
Total assets minus all liabilities
Similar Companies
thrive operations limited company details
company number
02698057
Type
Private limited with Share Capital
industry
63110 - Data processing, hosting and related activities
62020 - Computer consultancy activities
62030 - Computer facilities management activities
incorporation date
March 1992
age
32
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
oni limited (February 2022)
oni plc (May 2021)
See morelast accounts submitted
December 2022
address
50 pall mall, london, SW1Y 5JH
accountant
-
auditor
RSM UK LLP
thrive operations 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 8 charges/mortgages relating to thrive operations limited. Currently there are 2 open charges and 6 have been satisfied in the past.
thrive operations limited Companies House Filings - See Documents
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