Thera Trust

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thera trust Company Information

Company Number

03593418

Next Accounts

Dec 2025

Directors

Matthew Smith

Christopher Rheinberg

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Shareholders

Group Structure

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Industry

Other social work activities without accommodation n.e.c.

Registered Address

134 edmund street, birmingham, B3 2ES

Website

www.thera.co.uk

thera trust Estimated Valuation

£94.2m

Pomanda estimates the enterprise value of THERA TRUST at £94.2m based on a Turnover of £91.2m and 1.03x industry multiple (adjusted for size and gross margin).

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Thera Trust is a live company located in birmingham, B3 2ES with a Companies House number of 03593418. It operates in the other social work activities without accommodation n.e.c. sector, SIC Code 88990. Founded in July 1998, it's largest shareholder is unknown. Thera Trust is a mature, large sized company, Pomanda has estimated its turnover at £91.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Thera Trust a 2.5 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

Health Rating2.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £91.2m, make it larger than the average company (£486.8k)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (6.4%)

EXPORT

Thera Trust's latest turnover from March 2024 is £91.2 million and the company has net assets of £9.1 million. According to their latest financial statements, Thera Trust has 3,259 employees and maintains cash reserves of £2.5 million 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	91,231,681	81,389,860	78,536,590	79,192,703	10,898,157	69,974,560	67,204,538	64,591,798	56,235,944	53,747,945	46,850,198	44,549,844	44,188,079	43,936,662	39,275,953
Other Income Or Grants
Cost Of Sales	29,640,590	26,188,782	20,197,761	27,858,103	3,351,677	19,751,454	17,583,468	13,186,812	31,323,835	31,910,133	29,456,956	26,627,493	26,411,266	25,190,976	22,706,036
Gross Profit	61,591,091	55,201,078	58,338,829	51,334,600	7,546,480	50,223,106	49,621,070	51,404,986	24,912,109	21,837,812	17,393,242	17,922,351	17,776,813	18,745,686	16,569,917
Admin Expenses	62,728,541	57,191,862	56,245,867	48,561,325	5,504,026	48,778,214	47,692,171	47,278,149	21,710,094	20,985,532	16,939,604	17,488,948	17,157,832	18,119,127	17,497,215
Operating Profit	-1,137,450	-1,990,784	2,092,962	2,773,275	2,042,454	1,444,892	1,928,899	4,126,837	3,202,015	852,280	453,638	433,403	618,981	626,559	-927,298
Interest Payable
Interest Receivable
Pre-Tax Profit	-2,299,043	-2,877,161	1,153,561	1,789,225	1,248,951	759,469	1,232,469	3,007,594	2,303,270	490,537	212,484	268,115	435,761	406,973	-971,501
Tax
Profit After Tax	-2,299,043	-2,877,161	1,153,561	1,789,225	1,248,951	759,469	1,232,469	3,007,594	2,303,270	490,537	212,484	268,115	435,761	406,973	-971,501
Dividends Paid
Retained Profit	-2,299,043	-2,877,161	1,153,561	1,789,225	1,248,951	759,469	1,232,469	3,007,594	2,303,270	490,537	212,484	268,115	435,761	406,973	-971,501
Employee Costs	78,942,088	68,034,517	63,320,081	61,643,961	58,844,331	57,667,807	55,361,943	50,727,555	46,880,281	45,694,400	40,616,316	39,551,729	39,381,882	38,455,516	34,906,834
Number Of Employees	3,259	3,066	3,130	3,155	3,139	3,286	3,143	2,919	2,733	2,663	2,312	2,251	2,218	2,184	1,967
EBITDA*	-738,642	-1,581,926	2,507,024	3,581,415	2,501,593	1,801,468	2,431,715	4,747,326	3,531,376	1,152,752	664,908	659,855	782,169	769,313	-765,653

* 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	2,201,160	2,370,234	2,432,932	2,577,047	2,770,117	2,709,135	2,443,640	2,341,653	2,850,931	1,831,465	2,808,374	2,024,544	1,744,794	1,343,102	3,629,949
Intangible Assets					368,321	429,708	436,967	531,843	333,460	14,667	22,667	30,667	38,667
Investments & Other	12,134,554	11,180,738	10,858,773	9,344,078	9,458,652	7,288,465	7,118,385	7,544,379	5,730,196	5,295,793	4,117,944	3,742,000	3,509,539	3,414,460	194,442
Debtors (Due After 1 year)
Total Fixed Assets	14,335,714	13,550,972	13,291,705	11,921,125	12,597,090	10,427,308	9,998,992	10,417,875	8,914,587	7,141,925	6,948,985	5,797,211	5,293,000	4,757,562	3,824,391
Stock & work in progress	6,073	10,825	6,731	3,060	5,515
Trade Debtors	5,354,397	6,269,900	6,314,125			4,192,911				4,018,079	3,627,403	3,450,413	2,580,926	3,399,382	2,771,103
Group Debtors
Misc Debtors	6,029,640	5,480,629	7,174,961	11,412,675	12,064,497	7,407,308	9,516,609	9,628,069	8,152,064	3,366,042	3,413,833	3,150,771	2,901,481	2,843,776	2,067,032
Cash	2,521,482	3,392,945	5,756,316	7,743,943	1,090,666	4,218,874	4,917,882	1,269,349	2,502,555	1,163,772	1,108,105	1,012,073	307,190	495,306	1,694,263
misc current assets					194,000			279,300
total current assets	13,911,592	15,154,299	19,252,133	19,159,678	13,354,678	15,819,093	14,434,491	11,176,718	10,654,619	8,547,893	8,149,341	7,613,257	5,789,597	6,738,464	6,532,398
total assets	28,247,306	28,705,271	32,543,838	31,080,803	25,951,768	26,246,401	24,433,483	21,594,593	19,569,206	15,689,818	15,098,326	13,410,468	11,082,597	11,496,026	10,356,789
Bank overdraft	114,335	678,383	754,879	145,625	135,895	550,201	768,455	1,093,648	1,648,496	1,918,835	1,719,723	432,762	14,473	127,366	1,008,648
Bank loan												160,622	28,563	27,956	27,712
Trade Creditors	885,781	1,149,909	910,647	764,864	708,402	1,041,909				1,255,058	1,202,250	642,728	571,241	944,102	458,482
Group/Directors Accounts
other short term finances	1,266,488	4,894,604			1,985,502	42,263	1,001,804	160,217
hp & lease commitments		22,110	46,328	51,088	56,193	67,722	91,808	23,942	13,337	27,758	76,242	79,387
other current liabilities	4,999,877	5,248,274	6,198,837	5,846,865	4,652,974	4,453,305	5,527,296	6,263,325	5,921,176	5,098,359	5,478,422	4,819,888	4,351,225	4,686,426	4,629,354
total current liabilities	7,266,481	11,993,280	7,910,691	6,808,442	7,538,966	6,155,400	7,389,363	7,541,132	7,583,009	8,300,010	8,476,637	6,135,387	4,965,502	5,785,850	6,124,196
loans	11,562,276	4,894,530	9,866,363	10,549,818	5,831,441	7,952,857	5,730,024	4,255,083	4,748,457	1,902,472	1,752,115	1,565,091	380,576	409,418	454,050
hp & lease commitments			21,999	68,328	119,198	174,837	43,975	54,019	40,012		44,359	88,920
Accruals and Deferred Income
other liabilities										311,235
provisions
total long term liabilities	11,896,524	5,081,647	10,833,642	12,257,417	6,821,430	8,816,694	6,573,999	4,992,503	5,543,469	2,820,707	1,796,474	1,654,011	380,576	409,418	454,050
total liabilities	19,163,005	17,074,927	18,744,333	19,065,859	14,360,396	14,972,094	13,963,362	12,533,635	13,126,478	11,120,717	10,273,111	7,789,398	5,346,078	6,195,268	6,578,246
net assets	9,084,301	11,630,344	13,799,505	12,014,944	11,591,372	11,274,307	10,470,121	9,060,958	6,442,728	4,569,101	4,825,215	5,621,070	5,736,519	5,300,758	3,778,543
total shareholders funds	9,084,301	11,630,344	13,799,505	12,014,944	11,591,372	11,274,307	10,470,121	9,060,958	6,442,728	4,569,101	4,825,215	5,621,070	5,736,519	5,300,758	3,778,543

	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	-1,137,450	-1,990,784	2,092,962	2,773,275	2,042,454	1,444,892	1,928,899	4,126,837	3,202,015	852,280	453,638	433,403	618,981	626,559	-927,298
Depreciation	398,808	408,858	414,062	439,819	397,752	349,317	407,942	531,797	321,361	292,472	203,270	218,452	161,855	142,754	161,645
Amortisation				368,321	61,387	7,259	94,874	88,692	8,000	8,000	8,000	8,000	1,333
Tax
Stock	-4,752	4,094	3,671	-2,455	5,515
Debtors	-366,492	-1,738,557	2,076,411	-651,822	464,278	2,083,610	-111,460	1,476,005	767,943	342,885	440,052	1,118,777	-760,751	1,405,023	4,838,135
Creditors	-264,128	239,262	145,783	56,462	-333,507	1,041,909			-1,255,058	52,808	559,522	71,487	-372,861	485,620	458,482
Accruals and Deferred Income	-248,397	-950,563	351,972	1,193,891	199,669	-1,073,991	-736,029	342,149	822,817	-380,063	658,534	468,663	-335,201	57,072	4,629,354
Deferred Taxes & Provisions
Cash flow from operations	-879,923	-558,764	924,697	5,486,045	1,897,962	-314,224	1,807,146	3,613,470	2,331,192	482,612	1,442,912	81,228	834,858	-93,018	-515,952
Investing Activities
capital expenditure							882,473	-651,100	1,428,512	-493,628	-951,988	-1,114,227	-698,626	39,317	-290,732
Change in Investments	953,816	321,965	1,514,695	-114,574	2,170,187	170,080	-425,994	1,814,183	434,403	1,177,849	375,944	232,461	95,079	3,220,018	194,442
cash flow from investments	-953,816	-321,965	-1,514,695	114,574	-2,170,187	-170,080	1,308,467	-2,465,283	994,109	-1,671,477	-1,327,932	-1,346,688	-793,705	-3,180,701	-485,174
Financing Activities
Bank loans											-160,622	132,059	607	244	27,712
Group/Directors Accounts
Other Short Term Loans	-3,628,116	4,894,604		-1,985,502	1,943,239	-959,541	841,587	160,217
Long term loans	6,667,746	-4,971,833	-683,455	4,718,377	-2,121,416	2,222,833	1,474,941	-493,374	2,845,985	150,357	187,024	1,184,515	-28,842	-44,632	454,050
Hire Purchase and Lease Commitments	-22,110	-46,217	-51,089	-55,975	-67,168	106,776	57,822	24,612	25,591	-92,843	-47,706	168,307
other long term liabilities									-311,235	311,235
share issue	-247,000	708,000	631,000	-1,365,653	-931,886	44,717	176,694	-389,364	-429,643	-746,651	-1,008,339	-383,564		1,115,242	4,750,044
interest
cash flow from financing	2,770,520	584,554	-103,544	1,311,247	-1,177,231	1,414,785	2,551,044	-697,909	2,130,698	-377,902	-1,029,643	1,101,317	-28,235	1,070,854	5,231,806
cash and cash equivalents
cash	-871,463	-2,363,371	-1,987,627	6,653,277	-3,128,208	-699,008	3,648,533	-1,233,206	1,338,783	55,667	96,032	704,883	-188,116	-1,198,957	1,694,263
overdraft	-564,048	-76,496	609,254	9,730	-414,306	-218,254	-325,193	-554,848	-270,339	199,112	1,286,961	418,289	-112,893	-881,282	1,008,648
change in cash	-307,415	-2,286,875	-2,596,881	6,643,547	-2,713,902	-480,754	3,973,726	-678,358	1,609,122	-143,445	-1,190,929	286,594	-75,223	-317,675	685,615

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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THERA TRUST group structure

Thera Trust has 1 subsidiary company.

Ultimate parent company

THERA TRUST

03593418

1 subsidiary

FOLEGANDROS LIMITED

07191526

THERA TRUST Shareholders

Thera Trust currently has 13 directors. The longest serving directors include Mr Matthew Smith (Mar 2007) and Mr Christopher Rheinberg (Jun 2018).

officer	country	age	start	end	role
Mr Matthew Smith		46 years	Mar 2007	-	Director
Mr Christopher Rheinberg		73 years	Jun 2018	-	Director
Mr John Blundell		61 years	Mar 2020	-	Director
Ms Sally Warren		60 years	Apr 2020	-	Director
Ms Elizabeth Lichten		39 years	May 2020	-	Director
Ms Michelle McDermott		60 years	Sep 2020	-	Director
Mrs Nicola Coote		64 years	Jun 2022	-	Director
Ms Katie Winn	England	35 years	Dec 2023	-	Director
Ms Lorna Weston		47 years	Dec 2023	-	Director
Ms Ceri Lennon		51 years	Dec 2023	-	Director

P&L

March 2024

turnover

91.2m

+12%

operating profit

-1.1m

gross margin

67.6%

-0.46%

turnover

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

Balance Sheet

March 2024

net assets

9.1m

-0.22%

total assets

28.2m

-0.02%

cash

2.5m

-0.26%

net assets

Total assets minus all liabilities

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company number

03593418

Type

Private Ltd By Guarantee w/o Share Cap

industry

88990 - Other social work activities without accommodation n.e.c.

incorporation date

July 1998

ultimate parent company

None

previous names

thera trust limited (March 1999)

address

134 edmund street, birmingham, B3 2ES

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 7 charges/mortgages relating to thera trust. Currently there are 6 open charges and 1 have been satisfied in the past.

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thera trust Company Information

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thera trust Estimated Valuation

thera trust Estimated Valuation

Thera Trust Overview

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THERA TRUST financials

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thera trust Companies House Filings - See Documents