thorntask limited
thorntask limited Company Information
Company Number
03443647
Next Accounts
Mar 2025
Directors
Shareholders
mr m. downes
mr s. downes
Group Structure
View All
Industry
Construction of railways and underground railways
Registered Address
thorn place, markfield road, tottenham, london, N15 4QF
Website
http://thorntask.comthorntask limited Estimated Valuation
Pomanda estimates the enterprise value of THORNTASK LIMITED at £1.1m based on a Turnover of £6.6m and 0.16x industry multiple (adjusted for size and gross margin).
thorntask limited Estimated Valuation
Pomanda estimates the enterprise value of THORNTASK LIMITED at £828.3k based on an EBITDA of £345.5k and a 2.4x industry multiple (adjusted for size and gross margin).
thorntask limited Estimated Valuation
Pomanda estimates the enterprise value of THORNTASK LIMITED at £3.1m based on Net Assets of £1.7m and 1.77x industry multiple (adjusted for liquidity).
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Thorntask Limited Overview
Thorntask Limited is a dissolved company that was located in tottenham, N15 4QF with a Companies House number of 03443647. It operated in the construction of railways and underground railways sector, SIC Code 42120. Founded in October 1997, it's largest shareholder was mr m. downes with a 74% stake. The last turnover for Thorntask Limited was estimated at £6.6m.
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Thorntask Limited Health Check
Pomanda's financial health check has awarded Thorntask Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £6.6m, make it in line with the average company (£5.5m)
- Thorntask Limited
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 43%, show it is growing at a faster rate (9.1%)
- Thorntask Limited
9.1% - Industry AVG
Production
with a gross margin of 13.1%, this company has a higher cost of product (21.3%)
- Thorntask Limited
21.3% - Industry AVG
Profitability
an operating margin of 4.5% make it less profitable than the average company (9.6%)
- Thorntask Limited
9.6% - Industry AVG
Employees
with 33 employees, this is below the industry average (195)
- Thorntask Limited
195 - Industry AVG
Pay Structure
on an average salary of £52k, the company has an equivalent pay structure (£52k)
- Thorntask Limited
£52k - Industry AVG
Efficiency
resulting in sales per employee of £199.8k, this is more efficient (£171.7k)
- Thorntask Limited
£171.7k - Industry AVG
Debtor Days
it gets paid by customers after 96 days, this is later than average (43 days)
- Thorntask Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 37 days, this is slower than average (29 days)
- Thorntask Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 20 days, this is more than average (8 days)
- Thorntask Limited
8 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (26 weeks)
5 weeks - Thorntask Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 25.5%, this is a lower level of debt than the average (72.8%)
25.5% - Thorntask Limited
72.8% - Industry AVG
THORNTASK LIMITED financials
Thorntask Limited's latest turnover from October 2014 is estimated at £6.6 million and the company has net assets of £1.7 million. According to their latest financial statements, we estimate that Thorntask Limited has 33 employees and maintains cash reserves of £67.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|
| Turnover | 3,603,222 | 1,791,323 | 2,250,334 | 2,812,563 | 3,169,560 | |
| Other Income Or Grants | ||||||
| Cost Of Sales | 2,195,002 | 1,173,875 | 1,420,776 | 1,736,148 | 2,123,018 | |
| Gross Profit | 1,408,220 | 617,448 | 829,558 | 1,076,415 | 1,046,542 | |
| Admin Expenses | 916,470 | 611,157 | 672,138 | 729,908 | 722,730 | |
| Operating Profit | 491,750 | 6,291 | 157,420 | 346,507 | 323,812 | |
| Interest Payable | 4,388 | 832 | 6,879 | 24,224 | 8,277 | |
| Interest Receivable | ||||||
| Pre-Tax Profit | 487,362 | 4,201 | 156,588 | 344,800 | 319,463 | |
| Tax | -154,422 | -9,608 | -39,085 | -82,756 | -63,441 | |
| Profit After Tax | 332,940 | -5,407 | 117,503 | 262,044 | 256,022 | |
| Dividends Paid | 20,000 | 60,000 | 150,000 | 145,000 | ||
| Retained Profit | 312,940 | -5,407 | 57,503 | 112,044 | 111,022 | |
| Employee Costs | 297,136 | 198,161 | 230,970 | 210,196 | 253,861 | |
| Number Of Employees | ||||||
| EBITDA* | 524,470 | 46,750 | 204,016 | 404,189 | 367,429 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 175,977 | 133,052 | 159,086 | 209,915 | 245,714 | 251,575 |
| Intangible Assets | 28,550 | 28,550 | 28,550 | |||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 204,527 | 161,602 | 187,636 | 209,915 | 245,714 | 251,575 |
| Stock & work in progress | 314,800 | 156,005 | 251,073 | 259,389 | 139,127 | 65,440 |
| Trade Debtors | 1,747,883 | 1,423,619 | 1,006,586 | 1,060,050 | 1,209,657 | 1,075,829 |
| Group Debtors | ||||||
| Misc Debtors | 12,651 | 23,867 | 20,695 | 14,534 | 13,170 | |
| Cash | 67,583 | 287,934 | ||||
| misc current assets | 71,874 | 67,050 | ||||
| total current assets | 2,130,266 | 1,880,209 | 1,281,526 | 1,340,134 | 1,435,192 | 1,221,489 |
| total assets | 2,334,793 | 2,041,811 | 1,469,162 | 1,550,049 | 1,680,906 | 1,473,064 |
| Bank overdraft | 90,859 | 35,774 | 159,389 | 16,787 | ||
| Bank loan | ||||||
| Trade Creditors | 595,569 | 211,603 | 53,101 | 80,135 | 113,270 | 177,831 |
| Group/Directors Accounts | 9,325 | |||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 327,944 | 126,553 | 239,409 | 263,033 | 231,317 | |
| total current liabilities | 595,569 | 539,547 | 279,838 | 355,318 | 535,692 | 425,935 |
| loans | ||||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | 7,986 | 21,945 | ||||
| provisions | ||||||
| total long term liabilities | 7,986 | 21,945 | ||||
| total liabilities | 595,569 | 539,547 | 279,838 | 355,318 | 543,678 | 447,880 |
| net assets | 1,739,224 | 1,502,264 | 1,189,324 | 1,194,731 | 1,137,228 | 1,025,184 |
| total shareholders funds | 1,739,224 | 1,502,264 | 1,189,324 | 1,194,731 | 1,137,228 | 1,025,184 |
| Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 491,750 | 6,291 | 157,420 | 346,507 | 323,812 | |
| Depreciation | 46,432 | 32,720 | 40,459 | 46,596 | 57,682 | 43,617 |
| Amortisation | ||||||
| Tax | -154,422 | -9,608 | -39,085 | -82,756 | -63,441 | |
| Stock | 158,795 | -95,068 | -8,316 | 120,262 | 73,687 | 65,440 |
| Debtors | 311,613 | 405,817 | -50,292 | -143,446 | 135,192 | 1,088,999 |
| Creditors | 383,966 | 158,502 | -27,034 | -33,135 | -64,561 | 177,831 |
| Accruals and Deferred Income | -327,944 | 201,391 | -112,856 | -23,624 | 31,716 | 231,317 |
| Deferred Taxes & Provisions | ||||||
| Cash flow from operations | 419,192 | -44,140 | 131,356 | 79,709 | -441,303 | |
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | -9,325 | 9,325 | ||||
| Other Short Term Loans | ||||||
| Long term loans | ||||||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | -7,986 | -13,959 | 21,945 | |||
| share issue | ||||||
| interest | -4,388 | -832 | -6,879 | -24,224 | -8,277 | |
| cash flow from financing | -13,713 | 8,493 | -14,865 | -38,183 | 927,830 | |
| cash and cash equivalents | ||||||
| cash | -220,351 | 287,934 | ||||
| overdraft | -90,859 | 55,085 | -123,615 | 142,602 | 16,787 | |
| change in cash | -220,351 | 378,793 | -55,085 | 123,615 | -142,602 | -16,787 |
thorntask limited Credit Report and Business Information
Thorntask Limited Competitor Analysis
Perform a competitor analysis for thorntask limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other undefined companies, companies in N15 area or any other competitors across 12 key performance metrics.
thorntask limited Ownership
THORNTASK LIMITED group structure
Thorntask Limited has no subsidiary companies.
Ultimate parent company
THORNTASK LIMITED
03443647
thorntask limited directors
Thorntask Limited currently has 1 director, Mr Michael Downes serving since Sep 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Downes | United Kingdom | 69 years | Sep 2016 | - | Director |
P&L
October 2014turnover
6.6m
+83%
operating profit
299.1k
0%
gross margin
13.1%
-66.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2014net assets
1.7m
+0.16%
total assets
2.3m
+0.14%
cash
67.6k
-0.77%
net assets
Total assets minus all liabilities
thorntask limited company details
company number
03443647
Type
Private limited with Share Capital
industry
42120 - Construction of railways and underground railways
incorporation date
October 1997
age
28
incorporated
UK
ultimate parent company
accounts
Total Exemption Small
last accounts submitted
October 2014
previous names
N/A
accountant
-
auditor
-
address
thorn place, markfield road, tottenham, london, N15 4QF
Bank
BANK OF IRELAND
Legal Advisor
-
thorntask 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 did not find charges/mortgages relating to thorntask limited.
thorntask limited Capital Raised & Share Issues BETA
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thorntask limited Companies House Filings - See Documents
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