thornsett residential limited
thornsett residential limited Company Information
Company Number
03962874
Website
www.thornsett.co.ukRegistered Address
34 margery street, london, WC1X 0JJ
Industry
Development of building projects
Telephone
02078439500
Next Accounts Due
May 2024
Group Structure
View All
Shareholders
thornsett group plc 100%
thornsett residential limited Estimated Valuation
Pomanda estimates the enterprise value of THORNSETT RESIDENTIAL LIMITED at £69.3k based on a Turnover of £167.5k and 0.41x industry multiple (adjusted for size and gross margin).
thornsett residential limited Estimated Valuation
Pomanda estimates the enterprise value of THORNSETT RESIDENTIAL LIMITED at £720.8k based on an EBITDA of £221.2k and a 3.26x industry multiple (adjusted for size and gross margin).
thornsett residential limited Estimated Valuation
Pomanda estimates the enterprise value of THORNSETT RESIDENTIAL LIMITED at £0 based on Net Assets of £-702.6k and 1.31x industry multiple (adjusted for liquidity).
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Thornsett Residential Limited Overview
Thornsett Residential Limited is a dissolved company that was located in london, WC1X 0JJ with a Companies House number of 03962874. It operated in the development of building projects sector, SIC Code 41100. Founded in April 2000, it's largest shareholder was thornsett group plc with a 100% stake. The last turnover for Thornsett Residential Limited was estimated at £167.5k.
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Thornsett Residential Limited Health Check
Pomanda's financial health check has awarded Thornsett Residential Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £167.5k, make it smaller than the average company (£2m)
- Thornsett Residential Limited
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of -69%, show it is growing at a slower rate (0.2%)
- Thornsett Residential Limited
0.2% - Industry AVG
Production
with a gross margin of 22.7%, this company has a comparable cost of product (22.7%)
- Thornsett Residential Limited
22.7% - Industry AVG
Profitability
an operating margin of 132.1% make it more profitable than the average company (9%)
- Thornsett Residential Limited
9% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
- Thornsett Residential Limited
6 - Industry AVG
Pay Structure
on an average salary of £44.5k, the company has an equivalent pay structure (£44.5k)
- Thornsett Residential Limited
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £167.5k, this is less efficient (£266.9k)
- Thornsett Residential Limited
£266.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Thornsett Residential Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 53 days, this is slower than average (31 days)
- Thornsett Residential Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Thornsett Residential Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Thornsett Residential Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 123.4%, this is a higher level of debt than the average (76.6%)
123.4% - Thornsett Residential Limited
76.6% - Industry AVG
thornsett residential limited Credit Report and Business Information
Thornsett Residential Limited Competitor Analysis
Perform a competitor analysis for thornsett residential limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
thornsett residential limited Ownership
THORNSETT RESIDENTIAL LIMITED group structure
Thornsett Residential Limited has 1 subsidiary company.
Ultimate parent company
THORNSETT CUNNINGHAM HOLDINGS LTD
#0082941
2 parents
THORNSETT RESIDENTIAL LIMITED
03962874
1 subsidiary
thornsett residential limited directors
Thornsett Residential Limited currently has 3 directors. The longest serving directors include Mr Gerard Cunningham (Apr 2000) and Mr Gerard Cunningham (Apr 2000).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gerard Cunningham | 65 years | Apr 2000 | - | Director | |
| Mr Gerard Cunningham | England | 65 years | Apr 2000 | - | Director |
| Ms Sinead Cunningham | 44 years | Dec 2021 | - | Director |
THORNSETT RESIDENTIAL LIMITED financials
Thornsett Residential Limited's latest turnover from July 2021 is estimated at £167.5 thousand and the company has net assets of -£702.6 thousand. According to their latest financial statements, we estimate that Thornsett Residential Limited has 1 employee and maintains cash reserves of £130 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,325,800 | 35,137,793 | 0 | 0 | 0 | 0 | 0 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 1,034,191 | 29,086,690 | 0 | 0 | -965,000 | 965,000 | 0 | ||||||
| Gross Profit | 291,609 | 6,051,103 | 0 | 0 | 965,000 | -965,000 | 0 | ||||||
| Admin Expenses | 3,464 | -10,131 | 3,035 | 2,700 | 3,100 | 5,820 | |||||||
| Operating Profit | 288,145 | 6,061,234 | -3,035 | 962,300 | -968,100 | -5,820 | |||||||
| Interest Payable | 19,455 | 0 | 0 | 0 | 0 | ||||||||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Pre-Tax Profit | 268,690 | 6,061,234 | -5,545 | -3,035 | 962,300 | -968,100 | -5,820 | ||||||
| Tax | -13,908 | -966,725 | 0 | 0 | -2,138 | 0 | 0 | ||||||
| Profit After Tax | 254,782 | 5,094,509 | -5,545 | -3,035 | 960,162 | -968,100 | -5,820 | ||||||
| Dividends Paid | 0 | 4,500,000 | 0 | 0 | 0 | 0 | 0 | ||||||
| Retained Profit | 254,782 | 594,509 | -5,545 | -3,035 | 960,162 | -968,100 | -5,820 | ||||||
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Number Of Employees | 2 | 2 | 3 | 3 | 3 | 2 | 2 | ||||||
| EBITDA* | 288,145 | 6,061,234 | -3,035 | 962,300 | -968,100 | -5,820 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 5,016,142 | 13,164,384 | 12,510,473 | 8,318,789 | 1,507,148 | 276,436 | 792,936 | 21,297,475 | 13,464,007 | 10,740,450 | 9,000,624 | 9,110,005 |
| Trade Debtors | 0 | 1,350 | 3,459 | 2,109 | 2,109 | 2,109 | 2,109 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 2,978,509 | 1,324,435 | 810,900 | 1,390,563 | 1,170,160 | 697,117 | 1,767,457 | 1,446,309 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 19,140 | 88,269 | 7,261 | 14,847 | 17,150 | 46,525 | 20,725 | 322,068 | 54,806 | 9,183 | 447,607 | 274 | 5,879 |
| Cash | 130 | 145,321 | 35,927 | 0 | 153,287 | 0 | 4,260 | 117,416 | 693,296 | 93,390 | 0 | 2 | 4 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,997,779 | 6,575,517 | 14,021,931 | 13,917,992 | 9,661,495 | 2,252,899 | 2,070,987 | 2,678,729 | 22,045,577 | 13,566,580 | 11,188,057 | 9,000,900 | 9,115,888 |
| total assets | 2,997,779 | 6,575,517 | 14,021,931 | 13,917,992 | 9,661,495 | 2,252,899 | 2,070,987 | 2,678,729 | 22,045,577 | 13,566,580 | 11,188,057 | 9,000,900 | 9,115,888 |
| Bank overdraft | 0 | 0 | 0 | 222 | 0 | 7,014 | 394 | 0 | 770,403 | 779 | 9,196,701 | 8,905,394 | 0 |
| Bank loan | 7,108 | 2,961,433 | 9,157,732 | 6,758,961 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,487,561 |
| Trade Creditors | 18,871 | 149,672 | 211,673 | 816,994 | 1,638,320 | 201,253 | 35,205 | 124,109 | 1,017,939 | 391,027 | 182,315 | 62,000 | 97,670 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,210,396 | 6,386,765 | 1,259,164 | 761,510 | 322,919 |
| other short term finances | 2,904,127 | 3,192,872 | 3,444,156 | 2,465,181 | 100,000 | 59,018 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 727,390 | 917,643 | 1,218,053 | 3,095,121 | 5,185,483 | 589,110 | 1,179,107 | 1,953,121 | 6,767,567 | 1,224,428 | 534,307 | 216,588 | 184,230 |
| total current liabilities | 3,657,496 | 7,221,620 | 14,031,614 | 13,136,479 | 6,923,803 | 856,395 | 1,214,706 | 2,077,230 | 13,766,305 | 8,002,999 | 11,172,487 | 9,945,492 | 9,092,380 |
| loans | 42,892 | 0 | 0 | 0 | 1,948,334 | 100,000 | 0 | 0 | 8,272,282 | 2,251,046 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,300,000 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 42,892 | 0 | 0 | 0 | 1,948,334 | 600,000 | 0 | 0 | 8,272,282 | 5,551,046 | 0 | 0 | 0 |
| total liabilities | 3,700,388 | 7,221,620 | 14,031,614 | 13,136,479 | 8,872,137 | 1,456,395 | 1,214,706 | 2,077,230 | 22,038,587 | 13,554,045 | 11,172,487 | 9,945,492 | 9,092,380 |
| net assets | -702,609 | -646,103 | -9,683 | 781,513 | 789,358 | 796,504 | 856,281 | 601,499 | 6,990 | 12,535 | 15,570 | -944,592 | 23,508 |
| total shareholders funds | -702,609 | -646,103 | -9,683 | 781,513 | 789,358 | 796,504 | 856,281 | 601,499 | 6,990 | 12,535 | 15,570 | -944,592 | 23,508 |
| Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 288,145 | 6,061,234 | -3,035 | 962,300 | -968,100 | -5,820 | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -13,908 | -966,725 | 0 | 0 | -2,138 | 0 | 0 | ||||||
| Stock | -5,016,142 | -8,148,242 | 653,911 | 4,191,684 | 6,811,641 | 1,230,712 | -516,500 | -20,504,539 | 7,833,468 | 2,723,557 | 1,739,826 | -109,381 | 9,110,005 |
| Debtors | 1,583,595 | 592,434 | -585,899 | 218,100 | 443,668 | -1,044,540 | 21,914 | 1,713,571 | 45,623 | -438,424 | 447,333 | -5,605 | 5,879 |
| Creditors | -130,801 | -62,001 | -605,321 | -821,326 | 1,437,067 | 166,048 | -88,904 | -893,830 | 626,912 | 208,712 | 120,315 | -35,670 | 97,670 |
| Accruals and Deferred Income | -190,253 | -300,410 | -1,877,068 | -2,090,362 | 4,096,373 | -89,997 | -774,014 | -4,814,446 | 5,543,139 | 690,121 | 317,719 | 32,358 | 184,230 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -94,095 | 18,177,201 | -1,389,335 | -788,963 | -856,426 | -8,839,804 | |||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | -2,954,325 | -6,196,299 | 2,398,771 | 6,758,961 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8,487,561 | 8,487,561 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,210,396 | -1,176,369 | 5,127,601 | 497,654 | 438,591 | 322,919 |
| Other Short Term Loans | -288,745 | -251,284 | 978,975 | 2,365,181 | 40,982 | 59,018 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 42,892 | 0 | 0 | -1,948,334 | 1,848,334 | 100,000 | 0 | -8,272,282 | 6,021,236 | 2,251,046 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,300,000 | 3,300,000 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | -19,455 | 0 | 0 | 0 | 0 | ||||||||
| cash flow from financing | -19,455 | -13,482,678 | 497,654 | -8,048,970 | 8,839,808 | ||||||||
| cash and cash equivalents | |||||||||||||
| cash | -145,191 | 109,394 | 35,927 | -153,287 | 153,287 | -4,260 | -113,156 | -575,880 | 599,906 | 93,390 | -2 | -2 | 4 |
| overdraft | 0 | 0 | -222 | 222 | -7,014 | 6,620 | 394 | -770,403 | 769,624 | -9,195,922 | 291,307 | 8,905,394 | 0 |
| change in cash | -145,191 | 109,394 | 36,149 | -153,509 | 160,301 | -10,880 | -113,550 | 194,523 | -169,718 | 9,289,312 | -291,309 | -8,905,396 | 4 |
P&L
July 2021turnover
167.5k
-89%
operating profit
221.2k
0%
gross margin
22.8%
-5.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2021net assets
-702.6k
+0.09%
total assets
3m
-0.54%
cash
130
-1%
net assets
Total assets minus all liabilities
thornsett residential limited company details
company number
03962874
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
April 2000
age
24
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
34 margery street, london, WC1X 0JJ
last accounts submitted
July 2021
thornsett residential 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 6 charges/mortgages relating to thornsett residential limited. Currently there are 0 open charges and 6 have been satisfied in the past.
thornsett residential limited Companies House Filings - See Documents
| date | description | view/download |
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