Neil Thorne Engineering Limited

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neil thorne engineering limited Company Information

Company Number

03671336

Next Accounts

Dec 2025

Directors

Neil Thorne

Beverley Thorne

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Shareholders

neil thorne

beverley sarah maria thorne

Group Structure

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Industry

Machining

Registered Address

hillside westway, crayke, north yorkshire, YO61 4TE

Website

neil thorne engineering limited Estimated Valuation

£3.1m

Pomanda estimates the enterprise value of NEIL THORNE ENGINEERING LIMITED at £3.1m based on Net Assets of £1.8m and 1.71x industry multiple (adjusted for liquidity).

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Neil Thorne Engineering Limited is a live company located in north yorkshire, YO61 4TE with a Companies House number of 03671336. It operates in the machining sector, SIC Code 25620. Founded in November 1998, it's largest shareholder is neil thorne with a 60% stake. Neil Thorne Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £2m with rapid growth in recent years.

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Pomanda's financial health check has awarded Neil Thorne Engineering Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £2m, make it smaller than the average company (£10.5m)

Growth

3 year (CAGR) sales growth of 45%, show it is growing at a faster rate (7.2%)

EXPORT

Neil Thorne Engineering Limited's latest turnover from March 2024 is estimated at £2 million and the company has net assets of £1.8 million. According to their latest financial statements, Neil Thorne Engineering Limited has 5 employees and maintains cash reserves of £1.1 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	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	1,950,384	1,103,539	1,266,725	641,870	1,001,408	916,475	482,431	820,461	1,161,917	5,155,276	3,104,199	1,145,791	1,019,031	1,026,574
Other Income Or Grants
Cost Of Sales	1,395,328	802,082	907,680	471,669	719,638	660,070	339,813	577,019	804,798	3,616,467	2,184,973	810,760	714,756	705,614
Gross Profit	555,055	301,457	359,045	170,201	281,769	256,405	142,618	243,443	357,119	1,538,809	919,226	335,031	304,275	320,960
Admin Expenses	1,169,038	151,034	163,216	127,258	-42,811	293,013	184,200	15,792	-1,708,893	1,276,855	664,592	169,291	316,059	105,202	-1,148,443
Operating Profit	-613,983	150,423	195,829	42,943	324,580	-36,608	-41,582	227,651	2,066,012	261,954	254,634	165,740	-11,784	215,758	1,148,443
Interest Payable			1,549	1,400
Interest Receivable	52,549	38,321	6,819	903	738	4,639	3,730	1,612	1,024	1,636	2,463	2,134	1,515	1,556	1,018
Pre-Tax Profit	-561,434	188,744	201,099	42,447	325,317	-31,969	-37,852	229,263	2,067,036	263,590	257,096	167,874	-10,269	217,314	1,149,461
Tax		-35,861	-38,209	-8,065	-61,810			-45,852	-413,407	-55,354	-59,132	-40,290		-60,848	-321,849
Profit After Tax	-561,434	152,883	162,890	34,382	263,507	-31,969	-37,852	183,410	1,653,629	208,236	197,964	127,584	-10,269	156,466	827,612
Dividends Paid
Retained Profit	-561,434	152,883	162,890	34,382	263,507	-31,969	-37,852	183,410	1,653,629	208,236	197,964	127,584	-10,269	156,466	827,612
Employee Costs	229,956	216,370	170,000	161,661	160,513	152,082	148,381	146,436	417,427	1,557,832	822,564	312,188	269,350	295,741
Number Of Employees	5	5	4	4	4	4	4	4	12	44	24	9	8	9
EBITDA*	-562,295	202,538	241,833	102,797	383,086	70,308	25,919	293,930	2,115,310	290,171	277,856	189,853	9,027	231,639	1,158,761

* 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	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	165,762	704,986	627,031	655,841	661,798	668,206	678,762	1,125,097	1,142,015	1,008,324	628,088	619,975	627,740	775,008	774,514
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	165,762	704,986	627,031	655,841	661,798	668,206	678,762	1,125,097	1,142,015	1,008,324	628,088	619,975	627,740	775,008	774,514
Stock & work in progress	7,000	209,800	51,513	39,625	72,045	65,495	70,495	68,775	67,100	65,450	10,292	8,500	8,250	3,500	3,475
Trade Debtors	674,520	316,054	540,708	197,137	354,568	333,777	124,669	260,602	331,465	1,287,809	761,302	250,949	257,462	290,812	101,026
Group Debtors								307,393	465,878
Misc Debtors	598,194	445,087	370,254	471,395	437,185	387,239	503,033	12,207	13,745			58,733	205,258	157,658	112,765
Cash	1,060,920	940,959	862,384	955,912	850,200	624,853	612,230	879,940	409,553	131,957	522,442	462,562	391,015	214,919	407,385
misc current assets
total current assets	2,340,634	1,911,900	1,824,859	1,664,069	1,713,998	1,411,364	1,310,427	1,528,917	1,287,741	1,485,216	1,294,036	780,744	861,985	666,889	624,651
total assets	2,506,396	2,616,886	2,451,890	2,319,910	2,375,796	2,079,570	1,989,189	2,654,014	2,429,756	2,493,540	1,922,124	1,400,719	1,489,725	1,441,897	1,399,165
Bank overdraft				45,887
Bank loan
Trade Creditors	304,336	159,841	8,013	83,997	103,014	105,345	68,262	127,308	118,875	966,820	603,640	283,429	267,352	177,762	226,981
Group/Directors Accounts								407,431	444,003
other short term finances
hp & lease commitments				18,430	34,846	51,263	6,667	13,333
other current liabilities	363,487	57,038	196,753	87,362	188,084	136,617	95,946	249,776	194,122
total current liabilities	667,823	216,879	204,766	235,676	325,944	293,225	170,875	797,848	757,000	966,820	603,640	283,429	267,352	177,762	226,981
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities													229,598	270,257	334,047
provisions	18,127	18,127	18,127	18,127	18,127	18,127	18,127	18,127	18,127	18,127	18,127	14,897	17,966	8,800	9,525
total long term liabilities	18,127	18,127	18,127	18,127	18,127	18,127	18,127	18,127	18,127	18,127	18,127	14,897	247,564	279,057	343,572
total liabilities	685,950	235,006	222,893	253,803	344,071	311,352	189,002	815,975	775,127	984,947	621,767	298,326	514,916	456,819	570,553
net assets	1,820,446	2,381,880	2,228,997	2,066,107	2,031,725	1,768,218	1,800,187	1,838,039	1,654,629	1,508,593	1,300,357	1,102,393	974,809	985,078	828,612
total shareholders funds	1,820,446	2,381,880	2,228,997	2,066,107	2,031,725	1,768,218	1,800,187	1,838,039	1,654,629	1,508,593	1,300,357	1,102,393	974,809	985,078	828,612

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-613,983	150,423	195,829	42,943	324,580	-36,608	-41,582	227,651	2,066,012	261,954	254,634	165,740	-11,784	215,758	1,148,443
Depreciation	51,688	52,115	46,004	59,854	58,506	106,916	67,501	66,279	49,298	28,217	23,222	24,113	20,811	15,881	10,318
Amortisation
Tax		-35,861	-38,209	-8,065	-61,810			-45,852	-413,407	-55,354	-59,132	-40,290		-60,848	-321,849
Stock	-202,800	158,287	11,888	-32,420	6,550	-5,000	1,720	1,675	67,100	55,158	1,792	250	4,750	25	3,475
Debtors	511,573	-149,821	242,430	-123,221	70,737	93,314	47,500	-230,886	811,088	526,507	451,620	-153,038	14,250	234,679	213,791
Creditors	144,495	151,828	-75,984	-19,017	-2,331	37,083	-59,046	8,433	118,875	363,180	320,211	16,077	89,590	-49,219	226,981
Accruals and Deferred Income	306,449	-139,715	109,391	-100,722	51,467	40,671	-153,830	55,654	194,122
Deferred Taxes & Provisions									18,127		3,230	-3,069	9,166	-725	9,525
Cash flow from operations	-420,124	170,324	-17,287	130,634	293,125	59,748	-236,177	541,376	1,154,839	16,332	88,753	315,359	88,783	-113,857	856,152
Investing Activities
capital expenditure	487,536	-130,070	-17,194	-53,897	-52,098	-96,360	378,834	-49,361	-1,191,313	-408,453	-31,335	-16,348	126,457	-16,375	-784,832
Change in Investments
cash flow from investments	487,536	-130,070	-17,194	-53,897	-52,098	-96,360	378,834	-49,361	-1,191,313	-408,453	-31,335	-16,348	126,457	-16,375	-784,832
Financing Activities
Bank loans
Group/Directors Accounts							-407,431	-36,572	444,003
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments			-18,430	-16,416	-16,417	44,596	-6,666	13,333
other long term liabilities												-229,598	-40,659	-63,790	334,047
share issue									1,000						1,000
interest	52,549	38,321	5,270	-497	738	4,639	3,730	1,612	1,024	1,636	2,463	2,134	1,515	1,556	1,018
cash flow from financing	52,549	38,321	-13,160	-16,913	-15,679	49,235	-410,367	-21,627	446,027	1,636	2,463	-227,464	-39,144	-62,234	336,065
cash and cash equivalents
cash	119,961	78,575	-93,528	105,712	225,347	12,623	-267,710	470,387	409,553	-390,485	59,880	71,547	176,096	-192,466	407,385
overdraft			-45,887	45,887
change in cash	119,961	78,575	-47,641	59,825	225,347	12,623	-267,710	470,387	409,553	-390,485	59,880	71,547	176,096	-192,466	407,385

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NEIL THORNE ENGINEERING LIMITED group structure

Neil Thorne Engineering Limited has no subsidiary companies.

Ultimate parent company

NEIL THORNE ENGINEERING LIMITED

03671336

NEIL THORNE ENGINEERING LIMITED Shareholders

neil thorne	60%
beverley sarah maria thorne	40%

Neil Thorne Engineering Limited currently has 3 directors. The longest serving directors include Mr Neil Thorne (Dec 1998) and Mrs Beverley Thorne (Sep 2011).

officer	country	age	start	end	role
Mr Neil Thorne		63 years	Dec 1998	-	Director
Mrs Beverley Thorne		58 years	Sep 2011	-	Director
Mr Ian Sempers	England	53 years	Apr 2015	-	Director

P&L

March 2024

turnover

+77%

operating profit

-614k

gross margin

28.5%

+4.18%

turnover

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

Balance Sheet

March 2024

net assets

1.8m

-0.24%

total assets

2.5m

-0.04%

cash

1.1m

+0.13%

net assets

Total assets minus all liabilities

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company number

03671336

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

November 1998

ultimate parent company

None

previous names

successfulapproach limited (December 1998)

address

hillside westway, crayke, north yorkshire, YO61 4TE

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 2 charges/mortgages relating to neil thorne engineering limited. Currently there are 0 open charges and 2 have been satisfied in the past.

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neil thorne engineering limited Company Information

neil thorne engineering limited Estimated Valuation

neil thorne engineering limited Estimated Valuation

neil thorne engineering limited Estimated Valuation

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NEIL THORNE ENGINEERING LIMITED financials

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