the concrete company (thorney) limited
the concrete company (thorney) limited Company Information
Company Number
03607828
Website
www.theconcretecompany.co.ukRegistered Address
100 station road, thorney, peterborough, PE6 0QE
Industry
Manufacture of ready-mixed concrete
Telephone
01733270870
Next Accounts Due
March 2025
Group Structure
View All
Directors
Timothy Dighton26 Years
Shareholders
timothy edward dighton 51%
jennifer dighton 49%
the concrete company (thorney) limited Estimated Valuation
Pomanda estimates the enterprise value of THE CONCRETE COMPANY (THORNEY) LIMITED at £5.4m based on a Turnover of £11.1m and 0.49x industry multiple (adjusted for size and gross margin).
the concrete company (thorney) limited Estimated Valuation
Pomanda estimates the enterprise value of THE CONCRETE COMPANY (THORNEY) LIMITED at £1.8m based on an EBITDA of £707.1k and a 2.54x industry multiple (adjusted for size and gross margin).
the concrete company (thorney) limited Estimated Valuation
Pomanda estimates the enterprise value of THE CONCRETE COMPANY (THORNEY) LIMITED at £10m based on Net Assets of £5.1m and 1.97x industry multiple (adjusted for liquidity).
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The Concrete Company (thorney) Limited Overview
The Concrete Company (thorney) Limited is a live company located in peterborough, PE6 0QE with a Companies House number of 03607828. It operates in the manufacture of ready-mixed concrete sector, SIC Code 23630. Founded in July 1998, it's largest shareholder is timothy edward dighton with a 51% stake. The Concrete Company (thorney) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.1m with healthy growth in recent years.
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The Concrete Company (thorney) Limited Health Check
Pomanda's financial health check has awarded The Concrete Company (Thorney) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
5 Regular
4 Weak
Size
annual sales of £11.1m, make it smaller than the average company (£15.5m)
£11.1m - The Concrete Company (thorney) Limited
£15.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (9.8%)
7% - The Concrete Company (thorney) Limited
9.8% - Industry AVG
Production
with a gross margin of 13%, this company has a comparable cost of product (15.9%)
13% - The Concrete Company (thorney) Limited
15.9% - Industry AVG
Profitability
an operating margin of 2.2% make it less profitable than the average company (3.8%)
2.2% - The Concrete Company (thorney) Limited
3.8% - Industry AVG
Employees
with 56 employees, this is similar to the industry average (56)
56 - The Concrete Company (thorney) Limited
56 - Industry AVG
Pay Structure
on an average salary of £39.1k, the company has an equivalent pay structure (£44.9k)
£39.1k - The Concrete Company (thorney) Limited
£44.9k - Industry AVG
Efficiency
resulting in sales per employee of £198.8k, this is less efficient (£296.5k)
£198.8k - The Concrete Company (thorney) Limited
£296.5k - Industry AVG
Debtor Days
it gets paid by customers after 29 days, this is earlier than average (53 days)
29 days - The Concrete Company (thorney) Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 44 days, this is close to average (46 days)
44 days - The Concrete Company (thorney) Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 8 days, this is in line with average (8 days)
8 days - The Concrete Company (thorney) Limited
8 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 22 weeks, this is more cash available to meet short term requirements (11 weeks)
22 weeks - The Concrete Company (thorney) Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 37%, this is a lower level of debt than the average (58.6%)
37% - The Concrete Company (thorney) Limited
58.6% - Industry AVG
THE CONCRETE COMPANY (THORNEY) LIMITED financials
The Concrete Company (Thorney) Limited's latest turnover from June 2023 is £11.1 million and the company has net assets of £5.1 million. According to their latest financial statements, The Concrete Company (Thorney) Limited has 56 employees and maintains cash reserves of £830.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 11,130,654 | 12,380,200 | 9,890,933 | 9,201,081 | 9,238,768 | 8,929,590 | 9,805,043 | 9,907,442 | 8,984,141 | 8,599,092 | 7,528,325 | 8,125,257 | 9,935,377 | 10,641,465 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 9,678,800 | 10,476,023 | 8,460,100 | 7,889,620 | 8,432,834 | 7,808,798 | 8,601,781 | 8,362,228 | 7,711,957 | 7,067,456 | 8,759,693 | 10,087,178 | ||
| Gross Profit | 1,451,854 | 1,904,177 | 1,430,833 | 1,311,461 | 805,934 | 1,120,792 | 1,203,262 | 1,545,214 | 1,272,184 | 1,057,801 | 1,175,684 | 554,287 | ||
| Admin Expenses | 1,209,203 | 1,103,570 | 914,943 | 909,424 | 900,908 | 904,486 | 979,692 | 1,007,533 | 970,547 | 864,058 | 1,125,522 | 1,211,422 | ||
| Operating Profit | 242,651 | 800,607 | 515,890 | 402,037 | -94,974 | 216,306 | 223,570 | 537,681 | 301,637 | 219,610 | 271,972 | 193,743 | 50,162 | -657,135 |
| Interest Payable | 23,717 | 13,097 | 18,105 | 21,232 | 34,612 | 42,354 | 48,301 | 37,359 | 27,166 | 25,290 | 26,538 | 26,696 | 17,687 | 22,216 |
| Interest Receivable | 5,024 | 117 | 0 | 0 | 30 | 27 | 39 | 23 | 23 | 19 | 5 | 33 | 0 | 0 |
| Pre-Tax Profit | 223,958 | 787,627 | 497,785 | 380,805 | -129,556 | 173,979 | 175,308 | 500,345 | 274,494 | 194,339 | 158,787 | 167,080 | 32,475 | -679,351 |
| Tax | -164,351 | -135,985 | -94,885 | -73,844 | 10,615 | 41,157 | -77,423 | -94,610 | -115,059 | -34,175 | -38,280 | -2,970 | -224 | 72,008 |
| Profit After Tax | 59,607 | 651,642 | 402,900 | 306,961 | -118,941 | 215,136 | 97,885 | 405,735 | 159,435 | 160,164 | 120,507 | 164,110 | 32,251 | -607,343 |
| Dividends Paid | 138,000 | 103,500 | 78,000 | 78,000 | 78,000 | 79,173 | 66,092 | 48,000 | 48,000 | 48,000 | 27,000 | 21,000 | 0 | 0 |
| Retained Profit | -78,393 | 548,142 | 324,900 | 228,961 | -196,941 | 135,963 | 31,793 | 357,735 | 111,435 | 112,164 | 93,507 | 143,110 | 32,251 | -607,343 |
| Employee Costs | 2,189,396 | 2,182,552 | 1,908,158 | 1,900,147 | 1,996,301 | 1,979,100 | 2,127,928 | 2,118,539 | 1,915,242 | 1,824,971 | 1,552,130 | 1,696,296 | 2,049,417 | 2,260,532 |
| Number Of Employees | 56 | 59 | 55 | 58 | 60 | 64 | 69 | 68 | 65 | 62 | 59 | 68 | 76 | 85 |
| EBITDA* | 707,113 | 1,220,183 | 895,111 | 772,399 | 271,523 | 545,865 | 529,619 | 840,337 | 552,864 | 546,973 | 561,071 | 477,729 | 426,132 | -163,360 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,028,387 | 5,942,218 | 5,601,504 | 5,590,252 | 5,996,814 | 5,886,965 | 6,021,928 | 5,895,693 | 5,171,004 | 2,561,333 | 2,353,851 | 2,374,022 | 2,388,849 | 2,958,299 |
| 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) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 6,028,387 | 5,942,218 | 5,601,504 | 5,590,252 | 5,996,814 | 5,886,965 | 6,021,928 | 5,895,693 | 5,171,004 | 2,561,333 | 2,353,851 | 2,374,022 | 2,388,849 | 2,958,299 |
| Stock & work in progress | 225,407 | 193,396 | 199,378 | 224,676 | 203,064 | 164,079 | 144,340 | 131,628 | 112,903 | 125,264 | 145,384 | 101,325 | 105,835 | 103,282 |
| Trade Debtors | 911,085 | 1,370,334 | 1,199,166 | 989,725 | 1,021,538 | 1,120,436 | 1,203,664 | 1,284,920 | 1,427,742 | 1,094,022 | 1,178,453 | 1,274,633 | 1,319,056 | 1,941,899 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 91,750 | 48,064 | 62,185 | 41,727 | 54,546 | 52,183 | 40,901 | 45,580 | 47,237 | 44,039 | 20,358 | 13,616 | 14,834 | 17,101 |
| Cash | 830,763 | 1,045,947 | 702,938 | 617,283 | 89,531 | 98,178 | 132,665 | 81,954 | 88,825 | 139,292 | 225,195 | 134,777 | 242,693 | 500 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,059,005 | 2,657,741 | 2,163,667 | 1,873,411 | 1,368,679 | 1,434,876 | 1,521,570 | 1,544,082 | 1,676,707 | 1,402,617 | 1,569,390 | 1,524,351 | 1,682,418 | 2,062,782 |
| total assets | 8,087,392 | 8,599,959 | 7,765,171 | 7,463,663 | 7,365,493 | 7,321,841 | 7,543,498 | 7,439,775 | 6,847,711 | 3,963,950 | 3,923,241 | 3,898,373 | 4,071,267 | 5,021,081 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 207,912 |
| Bank loan | 0 | 0 | 0 | 32,635 | 30,165 | 52,697 | 52,697 | 52,697 | 21,532 | 21,032 | 20,032 | 20,032 | 33,697 | 40,331 |
| Trade Creditors | 1,170,480 | 1,687,426 | 1,361,546 | 1,314,922 | 1,592,812 | 1,549,094 | 1,545,436 | 1,323,594 | 1,470,046 | 1,070,750 | 1,224,494 | 1,347,843 | 1,650,429 | 2,327,008 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,094 | 7,759 | 11,217 | 14,677 | 13,149 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 240,464 | 205,027 | 169,023 | 230,680 | 225,963 | 251,184 | 363,449 | 395,407 | 314,444 | 250,417 | 204,009 | 114,404 | 86,314 | 109,400 |
| other current liabilities | 537,801 | 603,993 | 707,283 | 756,873 | 471,778 | 329,332 | 381,618 | 341,858 | 368,406 | 286,524 | 238,027 | 282,410 | 362,290 | 464,658 |
| total current liabilities | 1,948,745 | 2,496,446 | 2,237,852 | 2,335,110 | 2,320,718 | 2,182,307 | 2,343,200 | 2,113,556 | 2,174,428 | 1,640,817 | 1,694,321 | 1,775,906 | 2,147,407 | 3,162,458 |
| loans | 275,000 | 300,000 | 350,000 | 350,000 | 379,609 | 412,650 | 467,379 | 520,736 | 421,537 | 443,309 | 465,107 | 535,063 | 555,320 | 588,126 |
| hp & lease commitments | 151,092 | 201,683 | 167,815 | 126,028 | 290,020 | 144,182 | 283,673 | 430,348 | 316,433 | 183,591 | 213,919 | 169,297 | 96,513 | 30,721 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 615,566 | 426,448 | 382,264 | 350,185 | 301,767 | 312,382 | 314,889 | 272,571 | 190,484 | 75,425 | 41,250 | 2,970 | 0 | 0 |
| total long term liabilities | 1,041,658 | 928,131 | 900,079 | 826,213 | 971,396 | 869,214 | 1,065,941 | 1,223,655 | 928,454 | 702,325 | 720,276 | 707,330 | 651,833 | 618,847 |
| total liabilities | 2,990,403 | 3,424,577 | 3,137,931 | 3,161,323 | 3,292,114 | 3,051,521 | 3,409,141 | 3,337,211 | 3,102,882 | 2,343,142 | 2,414,597 | 2,483,236 | 2,799,240 | 3,781,305 |
| net assets | 5,096,989 | 5,175,382 | 4,627,240 | 4,302,340 | 4,073,379 | 4,270,320 | 4,134,357 | 4,102,564 | 3,744,829 | 1,620,808 | 1,508,644 | 1,415,137 | 1,272,027 | 1,239,776 |
| total shareholders funds | 5,096,989 | 5,175,382 | 4,627,240 | 4,302,340 | 4,073,379 | 4,270,320 | 4,134,357 | 4,102,564 | 3,744,829 | 1,620,808 | 1,508,644 | 1,415,137 | 1,272,027 | 1,239,776 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 242,651 | 800,607 | 515,890 | 402,037 | -94,974 | 216,306 | 223,570 | 537,681 | 301,637 | 219,610 | 271,972 | 193,743 | 50,162 | -657,135 |
| Depreciation | 464,462 | 419,576 | 379,221 | 370,362 | 366,497 | 329,559 | 306,049 | 302,656 | 251,227 | 327,363 | 289,099 | 283,986 | 375,970 | 493,775 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -164,351 | -135,985 | -94,885 | -73,844 | 10,615 | 41,157 | -77,423 | -94,610 | -115,059 | -34,175 | -38,280 | -2,970 | -224 | 72,008 |
| Stock | 32,011 | -5,982 | -25,298 | 21,612 | 38,985 | 19,739 | 12,712 | 18,725 | -12,361 | -20,120 | 44,059 | -4,510 | 2,553 | 103,282 |
| Debtors | -415,563 | 157,047 | 229,899 | -44,632 | -96,535 | -71,946 | -85,935 | -144,479 | 336,918 | -60,750 | -89,438 | -45,641 | -625,110 | 1,959,000 |
| Creditors | -516,946 | 325,880 | 46,624 | -277,890 | 43,718 | 3,658 | 221,842 | -146,452 | 399,296 | -153,744 | -123,349 | -302,586 | -676,579 | 2,327,008 |
| Accruals and Deferred Income | -66,192 | -103,290 | -49,590 | 285,095 | 142,446 | -52,286 | 39,760 | -26,548 | 81,882 | 48,497 | -44,383 | -79,880 | -102,368 | 464,658 |
| Deferred Taxes & Provisions | 189,118 | 44,184 | 32,079 | 48,418 | -10,615 | -2,507 | 42,318 | 82,087 | 115,059 | 34,175 | 38,280 | 2,970 | 0 | 0 |
| Cash flow from operations | 532,294 | 1,199,907 | 624,738 | 777,198 | 515,237 | 588,094 | 829,339 | 780,568 | 709,485 | 522,596 | 438,718 | 145,414 | 269,518 | 638,032 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -492,489 | -86,163 | -448,650 | -1,026,475 | -810,829 | -319,787 | -76,161 | 34,988 | 326,613 | -326,179 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -492,489 | -86,163 | -448,650 | -1,026,475 | -810,829 | -319,787 | -76,161 | 34,988 | 326,613 | -326,179 |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | -32,635 | 2,470 | -22,532 | 0 | 0 | 31,165 | 500 | 1,000 | 0 | -13,665 | -6,634 | 40,331 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12,094 | 4,335 | -3,458 | -3,460 | 1,528 | 13,149 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -25,000 | -50,000 | 0 | -29,609 | -33,041 | -54,729 | -53,357 | 99,199 | -21,772 | -21,798 | -69,956 | -20,257 | -32,806 | 588,126 |
| Hire Purchase and Lease Commitments | -15,154 | 69,872 | -19,870 | -159,275 | 120,617 | -251,756 | -178,633 | 194,878 | 196,869 | 16,080 | 134,227 | 100,874 | 42,706 | 140,121 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -18,693 | -12,980 | -18,105 | -21,232 | -34,582 | -42,327 | -48,262 | -37,336 | -27,143 | -25,271 | -26,533 | -26,663 | -17,687 | -22,216 |
| cash flow from financing | -58,847 | 6,892 | -70,610 | -207,646 | 30,462 | -348,812 | -280,252 | 287,906 | 2,148,946 | -25,654 | 34,280 | 36,829 | -12,893 | 2,606,630 |
| cash and cash equivalents | ||||||||||||||
| cash | -215,184 | 343,009 | 85,655 | 527,752 | -8,647 | -34,487 | 50,711 | -6,871 | -50,467 | -85,903 | 90,418 | -107,916 | 242,193 | 500 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -207,912 | 207,912 |
| change in cash | -215,184 | 343,009 | 85,655 | 527,752 | -8,647 | -34,487 | 50,711 | -6,871 | -50,467 | -85,903 | 90,418 | -107,916 | 450,105 | -207,412 |
the concrete company (thorney) limited Credit Report and Business Information
The Concrete Company (thorney) Limited Competitor Analysis
Perform a competitor analysis for the concrete company (thorney) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in PE6 area or any other competitors across 12 key performance metrics.
the concrete company (thorney) limited Ownership
THE CONCRETE COMPANY (THORNEY) LIMITED group structure
The Concrete Company (Thorney) Limited has no subsidiary companies.
Ultimate parent company
THE CONCRETE COMPANY (THORNEY) LIMITED
03607828
the concrete company (thorney) limited directors
The Concrete Company (Thorney) Limited currently has 1 director, Mr Timothy Dighton serving since Aug 1998.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Dighton | England | 63 years | Aug 1998 | - | Director |
P&L
June 2023turnover
11.1m
-10%
operating profit
242.7k
-70%
gross margin
13.1%
-15.19%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
5.1m
-0.02%
total assets
8.1m
-0.06%
cash
830.8k
-0.21%
net assets
Total assets minus all liabilities
the concrete company (thorney) limited company details
company number
03607828
Type
Private limited with Share Capital
industry
23630 - Manufacture of ready-mixed concrete
incorporation date
July 1998
age
26
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
June 2023
address
100 station road, thorney, peterborough, PE6 0QE
accountant
-
auditor
ZAETS AUDIT SERVICES
the concrete company (thorney) 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 12 charges/mortgages relating to the concrete company (thorney) limited. Currently there are 0 open charges and 12 have been satisfied in the past.
the concrete company (thorney) limited Companies House Filings - See Documents
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