Thornmead Securities Limited

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thornmead securities limited Company Information

Company Number

02977066

Next Accounts

Dec 2025

Directors

Chaskel Rand

Schloime Rand

Shareholders

overture investments ltd

Group Structure

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Industry

Buying and selling of own real estate

Registered Address

10 palm court, queen elizabeths walk, london, N16 5XA

Website

thornmead securities limited Estimated Valuation

£22.2m

Pomanda estimates the enterprise value of THORNMEAD SECURITIES LIMITED at £22.2m based on Net Assets of £14.1m and 1.58x industry multiple (adjusted for liquidity).

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Thornmead Securities Limited is a live company located in london, N16 5XA with a Companies House number of 02977066. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in October 1994, it's largest shareholder is overture investments ltd with a 100% stake. Thornmead Securities Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with low growth in recent years.

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Pomanda's financial health check has awarded Thornmead Securities Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

4 Regular

3 Weak

Size

annual sales of £1.4m, make it larger than the average company (£821.5k)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a faster rate (3.1%)

EXPORT

Thornmead Securities Limited's latest turnover from March 2024 is estimated at £1.4 million and the company has net assets of £14.1 million. According to their latest financial statements, Thornmead Securities Limited has 14 employees and maintains cash reserves of £73.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	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	1,364,323	1,160,666	1,135,183	1,219,247	1,471,363	1,445,815	1,222,662	1,154,467	734,510	136,859,236	149,953,299	119,386,734	122,644,270	137,967,108	114,810,694
Other Income Or Grants
Cost Of Sales	444,879	390,674	389,711	396,069	472,631	447,411	391,742	372,006	233,545	50,964,490	61,141,756	44,387,017	44,063,691	48,807,480	42,245,007
Gross Profit	919,443	769,992	745,472	823,178	998,733	998,404	830,920	782,460	500,965	85,894,745	88,811,543	74,999,717	78,580,579	89,159,628	72,565,687
Admin Expenses	13,683	-21,855	-231,199	-45,817	-109,168	119,493	280,931	-377,472	-47,480	84,800,907	87,625,224	73,874,557	77,447,552	87,895,640	70,697,374
Operating Profit	905,760	791,847	976,671	868,995	1,107,901	878,911	549,989	1,159,932	548,445	1,093,838	1,186,319	1,125,160	1,133,027	1,263,988	1,868,313
Interest Payable	1,086,750	1,259,136	1,013,335	928,068	939,685	1,052,699	1,025,456	996,012	1,035,431	1,037,190	1,057,063	1,071,460	1,079,854	1,079,904	536,656
Interest Receivable	4,228	11,201	2,809	500	749	5,783	2,288	394	399	160	497	511	259	701	553
Pre-Tax Profit	-176,762	-456,088	-33,854	-58,572	168,965	-168,005	-473,179	164,314	-486,587	56,808	129,753	54,212	53,432	184,785	1,332,210
Tax					-32,103			-32,863		-11,930	-29,843	-13,011	-13,892	-51,740	-373,019
Profit After Tax	-176,762	-456,088	-33,854	-58,572	136,862	-168,005	-473,179	131,451	-486,587	44,878	99,910	41,201	39,540	133,045	959,191
Dividends Paid
Retained Profit	-176,762	-456,088	-33,854	-58,572	136,862	-168,005	-473,179	131,451	-486,587	44,878	99,910	41,201	39,540	133,045	959,191
Employee Costs	539,933	432,282	514,840	465,563	543,379	541,367	458,551	385,000	150,737	19,694,616	22,630,108	18,268,841	18,909,888	21,695,595	20,172,795
Number Of Employees	14	12	14	13	14	14	13	11	4	562	634	555	580	654	619
EBITDA*	905,995	792,912	978,511	870,834	1,109,507	879,685	550,189	1,160,132	548,645	1,094,038	1,186,319	1,125,160	1,133,027	1,263,988	1,868,313

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	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		235	1,300	3,140	4,041	2,324		200	400	600
Intangible Assets
Investments & Other	22,760,958	22,610,653	22,560,000	14,991,374	14,940,721	14,940,721	14,940,721	14,940,721	14,623,425	17,851,979	17,831,979	17,797,979	17,717,979	17,027,997	17,706,027
Debtors (Due After 1 year)
Total Fixed Assets	22,760,958	22,610,888	22,561,300	14,994,514	14,944,762	14,943,045	14,940,721	14,940,921	14,623,825	17,852,579	17,831,979	17,797,979	17,717,979	17,027,997	17,706,027
Stock & work in progress
Trade Debtors	93,419	76,843	59,787	90,482	87,473	84,019	66,429	68,952	70,199	14,495,972	15,570,099	12,951,129	13,178,251	14,217,565	13,278,665
Group Debtors	9,438,892	8,760,019	14,812,009	14,546,499	13,638,680	13,986,962	13,170,169	14,915,259	14,393,391
Misc Debtors	12,779,242	13,919,546	13,704,841	14,352,558	13,565,635	12,198,186	12,136,322	11,739,944	2,741,629
Cash	73,635	87,444	439,663	309,535	691,384	807,405	734,791	180,318	134,757	24,921	39,075	159,899	44,515	59,111	221,119
misc current assets
total current assets	22,385,188	22,843,852	29,016,300	29,299,074	27,983,172	27,076,572	26,107,711	26,904,473	17,339,976	14,520,893	15,609,174	13,111,028	13,222,766	14,276,676	13,499,784
total assets	45,146,146	45,454,740	51,577,600	44,293,588	42,927,934	42,019,617	41,048,432	41,845,394	31,963,801	32,373,472	33,441,153	30,909,007	30,940,745	31,304,673	31,205,811
Bank overdraft	8		14,908,504	15,116,233	195,989	184,913	174,462	164,603	155,300
Bank loan
Trade Creditors	33,293	23,664	23,191	60,056	2,761	30,182	13,423	1,233	68,909	4,871,911	5,800,447	3,179,969	3,071,932	3,630,700	3,882,161
Group/Directors Accounts	15,957,754	15,201,758	12,770,942	12,219,029	11,346,917	12,844,113	11,295,629	11,576,974	1,900,752
other short term finances
hp & lease commitments
other current liabilities	3,156,595	4,054,060	6,903,617	7,051,074	6,360,266	3,879,281	4,108,525	3,998,551	4,018,949
total current liabilities	19,147,650	19,279,482	34,606,254	34,446,392	17,905,933	16,938,489	15,592,039	15,741,361	6,143,910	4,871,911	5,800,447	3,179,969	3,071,932	3,630,700	3,882,161
loans	9,660,000	9,660,000			15,116,233	15,312,222	15,519,482	15,693,943	15,858,547	15,845,569	16,067,981	16,457,046	16,510,942	16,715,330	16,512,493
hp & lease commitments
Accruals and Deferred Income
other liabilities										879,277	840,888	640,065	767,145	735,093	504,852
provisions	2,257,665	2,257,665	2,257,665	1,002,342	1,002,342	1,002,342	1,002,342	1,057,006	1,078,211
total long term liabilities	11,917,665	11,917,665	2,257,665	1,002,342	16,118,575	16,314,564	16,521,824	16,750,949	16,936,758	16,724,846	16,908,869	17,097,111	17,278,087	17,450,423	17,017,345
total liabilities	31,065,315	31,197,147	36,863,919	35,448,734	34,024,508	33,253,053	32,113,863	32,492,310	23,080,668	21,596,757	22,709,316	20,277,080	20,350,019	21,081,123	20,899,506
net assets	14,080,831	14,257,593	14,713,681	8,844,854	8,903,426	8,766,564	8,934,569	9,353,084	8,883,133	10,776,715	10,731,837	10,631,927	10,590,726	10,223,550	10,306,305
total shareholders funds	14,080,831	14,257,593	14,713,681	8,844,854	8,903,426	8,766,564	8,934,569	9,353,084	8,883,133	10,776,715	10,731,837	10,631,927	10,590,726	10,223,550	10,306,305

	Mar 2024	Mar 2023	Mar 2022	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	905,760	791,847	976,671	868,995	1,107,901	878,911	549,989	1,159,932	548,445	1,093,838	1,186,319	1,125,160	1,133,027	1,263,988	1,868,313
Depreciation	235	1,065	1,840	1,839	1,606	774	200	200	200	200
Amortisation
Tax					-32,103			-32,863		-11,930	-29,843	-13,011	-13,892	-51,740	-373,019
Stock
Debtors	-444,855	-5,820,229	-412,902	1,697,751	1,022,621	896,247	-1,351,235	9,518,936	2,709,247	-1,074,127	2,618,970	-227,122	-1,039,314	938,900	13,278,665
Creditors	9,629	473	-36,865	57,295	-27,421	16,759	12,190	-67,676	-4,803,002	-928,536	2,620,478	108,037	-558,768	-251,461	3,882,161
Accruals and Deferred Income	-897,465	-2,849,557	-147,457	690,808	2,480,985	-229,244	109,974	-20,398	4,018,949
Deferred Taxes & Provisions			1,255,323				-54,664	-21,205	1,078,211
Cash flow from operations	463,014	3,764,057	2,462,414	-78,814	2,508,347	-229,047	1,968,924	-8,500,946	-1,866,444	1,227,699	1,157,984	1,447,308	1,599,681	21,887	-7,901,210
Investing Activities
capital expenditure				-938	-3,323	-3,098				-800
Change in Investments	150,305	50,653	7,568,626	50,653				317,296	-3,228,554	20,000	34,000	80,000	689,982	-678,030	17,706,027
cash flow from investments	-150,305	-50,653	-7,568,626	-51,591	-3,323	-3,098		-317,296	3,228,554	-20,800	-34,000	-80,000	-689,982	678,030	-17,706,027
Financing Activities
Bank loans
Group/Directors Accounts	755,996	2,430,816	551,913	872,112	-1,497,196	1,548,484	-281,345	9,676,222	1,900,752
Other Short Term Loans
Long term loans		9,660,000		-15,116,233	-195,989	-207,260	-174,461	-164,604	12,978	-222,412	-389,065	-53,896	-204,388	202,837	16,512,493
Hire Purchase and Lease Commitments
other long term liabilities									-879,277	38,389	200,823	-127,080	32,052	230,241	504,852
share issue			5,902,681				54,664	338,500	-1,406,995				327,636	-215,800	9,347,114
interest	-1,082,522	-1,247,935	-1,010,526	-927,568	-938,936	-1,046,916	-1,023,168	-995,618	-1,035,032	-1,037,030	-1,056,566	-1,070,949	-1,079,595	-1,079,203	-536,103
cash flow from financing	-326,526	10,842,881	5,444,068	-15,171,689	-2,632,121	294,308	-1,424,310	8,854,500	-1,407,574	-1,221,053	-1,244,808	-1,251,925	-924,295	-861,925	25,828,356
cash and cash equivalents
cash	-13,809	-352,219	130,128	-381,849	-116,021	72,614	554,473	45,561	109,836	-14,154	-120,824	115,384	-14,596	-162,008	221,119
overdraft	8	-14,908,504	-207,729	14,920,244	11,076	10,451	9,859	9,303	155,300
change in cash	-13,817	14,556,285	337,857	-15,302,093	-127,097	62,163	544,614	36,258	-45,464	-14,154	-120,824	115,384	-14,596	-162,008	221,119

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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THORNMEAD SECURITIES LIMITED group structure

Thornmead Securities Limited has 3 subsidiary companies.

Ultimate parent company

WEAR INVESTM

#0120315

OVERTURE INVESTMENTS LIMITED

02977095

2 parents

THORNMEAD SECURITIES LIMITED

02977066

3 subsidiaries

LYNTON COURT (ANERLEY) MANAGEMENT LIMITED

01974163

BEVERLEY HOUSE (EASTBOURNE) LIMITED

02393531

BROADWAY KENT AND WARWICK MANSIONS (MANAGEMENT) LIMITED

01742702

THORNMEAD SECURITIES LIMITED Shareholders

overture investments ltd

100%

Thornmead Securities Limited currently has 2 directors. The longest serving directors include Mr Chaskel Rand (Nov 1994) and Mr Schloime Rand (Nov 1997).

officer	country	age	start	end	role
Mr Chaskel Rand		88 years	Nov 1994	-	Director
Mr Schloime Rand		60 years	Nov 1997	-	Director

P&L

March 2024

turnover

1.4m

+18%

operating profit

905.8k

gross margin

67.4%

+1.58%

turnover

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

Balance Sheet

March 2024

net assets

14.1m

-0.01%

total assets

45.1m

-0.01%

cash

73.6k

-0.16%

net assets

Total assets minus all liabilities

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company number

02977066

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

October 1994

ultimate parent company

WEAR INVESTM

previous names

N/A

address

10 palm court, queen elizabeths walk, london, N16 5XA

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 17 charges/mortgages relating to thornmead securities limited. Currently there are 1 open charges and 16 have been satisfied in the past.

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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thornmead securities limited Company Information

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thornmead securities limited Estimated Valuation

thornmead securities limited Estimated Valuation

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THORNMEAD SECURITIES LIMITED financials

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