thrive operations limited
thrive operations limited Company Information
Company Number
02698057
Next Accounts
Sep 2025
Shareholders
thrive uk holdings limited
Group Structure
View All
Industry
Other information technology and computer service activities
+3Registered Address
50 pall mall, london, SW1Y 5JH
Website
www.oni.co.ukthrive operations limited Estimated Valuation
Pomanda estimates the enterprise value of THRIVE OPERATIONS LIMITED at £19.3m based on a Turnover of £18.3m and 1.05x industry multiple (adjusted for size and gross margin).
thrive operations limited Estimated Valuation
Pomanda estimates the enterprise value of THRIVE OPERATIONS LIMITED at £12.7m based on an EBITDA of £1.9m and a 6.85x industry multiple (adjusted for size and gross margin).
thrive operations limited Estimated Valuation
Pomanda estimates the enterprise value of THRIVE OPERATIONS LIMITED at £11.5m based on Net Assets of £5.1m and 2.27x 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 £18.3m 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 3 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
3 Weak
Size
annual sales of £18.3m, make it larger than the average company (£5.1m)
£18.3m - Thrive Operations Limited
£5.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (7.9%)
1% - Thrive Operations Limited
7.9% - Industry AVG
Production
with a gross margin of 40.9%, this company has a higher cost of product (51.4%)
40.9% - Thrive Operations Limited
51.4% - Industry AVG
Profitability
an operating margin of 8.3% make it more profitable than the average company (5.2%)
8.3% - Thrive Operations Limited
5.2% - Industry AVG
Employees
with 63 employees, this is above the industry average (30)
63 - Thrive Operations Limited
30 - Industry AVG
Pay Structure
on an average salary of £73.7k, the company has an equivalent pay structure (£67.4k)
£73.7k - Thrive Operations Limited
£67.4k - Industry AVG
Efficiency
resulting in sales per employee of £291.2k, this is more efficient (£163.5k)
£291.2k - Thrive Operations Limited
£163.5k - Industry AVG
Debtor Days
it gets paid by customers after 52 days, this is near the average (53 days)
52 days - Thrive Operations Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 61 days, this is slower than average (34 days)
61 days - Thrive Operations Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (11 days)
2 days - Thrive Operations Limited
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (17 weeks)
6 weeks - Thrive Operations Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 57%, this is a similar level of debt than the average (60.3%)
57% - Thrive Operations Limited
60.3% - Industry AVG
THRIVE OPERATIONS LIMITED financials
Thrive Operations Limited's latest turnover from December 2023 is £18.3 million and the company has net assets of £5.1 million. According to their latest financial statements, Thrive Operations Limited has 63 employees and maintains cash reserves of £805.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 18,344,617 | 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 | |||||||||||||||
| Cost Of Sales | 10,838,198 | 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 | 7,506,419 | 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 | 5,992,936 | 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 | 1,513,483 | 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 | 10,348 | 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 | 103,453 | 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 | 1,606,588 | 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 | -176,270 | -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 | 1,430,318 | 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 | 436,211 | 292,497 | 261,173 | 240,000 | |||||
| Retained Profit | 1,430,318 | 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 | 4,642,375 | 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 | 63 | 66 | 65 | 67 | 72 | 76 | 73 | 73 | 86 | 86 | 82 | 67 | 80 | 77 | 69 |
| EBITDA* | 1,850,356 | 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 2023 | 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 | 1,620,746 | 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 | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 5,636,694 | 4,066,602 | 2,849,858 | ||||||||||||
| Total Fixed Assets | 7,257,440 | 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 | 73,488 | 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 | 2,632,331 | 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 | 31,150 | ||||||||||||||
| Misc Debtors | 979,467 | 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 | 805,922 | 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 | |||||||||||||||
| total current assets | 4,491,208 | 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 | 11,748,648 | 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 | |||||||||||||||
| Bank loan | 70,860 | 79,107 | 76,352 | 152,216 | 279,304 | 341,114 | 282,138 | 271,750 | 351,750 | 139,083 | |||||
| Trade Creditors | 1,831,010 | 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 | 200,000 | 247,498 | 200,000 | 32,000 | |||||||||||
| other short term finances | 88,434 | 206,425 | 270,179 | 130,946 | 173,174 | 156,398 | 71,942 | ||||||||
| hp & lease commitments | 32,870 | 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 | |
| other current liabilities | 4,134,698 | 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 | 5,998,578 | 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 | 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 | 10,956 | 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 | |
| Accruals and Deferred Income | 462,942 | 562,157 | 70,186 | 144,348 | 1,228,372 | 55,948 | 107,334 | 357,914 | 126,507 | ||||||
| other liabilities | 86,139 | 150,301 | 284,665 | 353,333 | |||||||||||
| provisions | 219,422 | 30,761 | 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 | 693,320 | 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 | 6,691,898 | 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 | 5,056,750 | 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 | 5,056,750 | 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 2023 | 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 | 1,513,483 | 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 | 336,873 | 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 | |||||||||||||||
| Tax | -176,270 | -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 | -5,313 | -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 | 909,763 | 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 | -21,538 | 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 | -1,434,844 | 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 | 188,661 | 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 | -498,085 | 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 | -349,168 | -82,548 | -96,907 | -196,940 | -401,351 | -296,405 | -383,032 | -836,140 | -806,292 | -796,184 | |||||
| Change in Investments | |||||||||||||||
| cash flow from investments | -349,168 | -82,548 | -96,907 | -196,940 | -401,351 | -296,405 | -383,032 | -836,140 | -806,292 | -796,184 | |||||
| Financing Activities | |||||||||||||||
| Bank loans | -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 | -200,000 | -47,498 | 247,498 | -200,000 | 168,000 | 32,000 | |||||||||
| Other Short Term Loans | -88,434 | -117,991 | 75,479 | 139,233 | -42,228 | 16,776 | 84,456 | 71,942 | |||||||
| 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 | -81,186 | -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 | |
| other long term liabilities | -86,139 | -64,162 | -134,364 | -68,668 | 353,333 | ||||||||||
| share issue | |||||||||||||||
| interest | 93,105 | 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 | -76,515 | -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 | -1,370,849 | 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 | |||||||||||||||
| change in cash | -1,370,849 | 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 Richard Smith (Oct 2021) and Mr William McLaughlin (Oct 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Smith | England | 61 years | Oct 2021 | - | Director |
| Mr William McLaughlin | England | 47 years | Oct 2024 | - | Director |
| Mr Thomas Woollard | England | 45 years | Oct 2024 | - | Director |
| Mr Benjamin Reich | England | 51 years | Oct 2024 | - | Director |
P&L
December 2023turnover
18.3m
-2%
operating profit
1.5m
-24%
gross margin
41%
-1.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
5.1m
+0.39%
total assets
11.7m
0%
cash
805.9k
-0.63%
net assets
Total assets minus all liabilities
thrive operations limited company details
company number
02698057
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
62030 - Computer facilities management activities
63110 - Data processing, hosting and related activities
incorporation date
March 1992
age
33
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
oni limited (February 2022)
oni plc (May 2021)
See moreaccountant
-
auditor
GRANT THORNTON UK LLP
address
50 pall mall, london, SW1Y 5JH
Bank
NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
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 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.
Click to start generating capital raising & share issue transactions for THRIVE OPERATIONS LIMITED. This can take several minutes, an email will notify you when this has completed.
thrive operations limited Companies House Filings - See Documents
| date | description | view/download |
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