Blue Thorn Technology Ltd

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blue thorn technology ltd Company Information

Company Number

04472705

Next Accounts

6 days late

Directors

Jason Isaac Henry

John Cooper

Shareholders

john cooper

lorna mcisaac

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Group Structure

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Industry

Other information technology and computer service activities

Registered Address

3rd floor 87 carver street, jewellery quarter, birmingham, B1 3AL

Website

www.bluethorn.co.uk

blue thorn technology ltd Estimated Valuation

£3.4m

Pomanda estimates the enterprise value of BLUE THORN TECHNOLOGY LTD at £3.4m based on a Turnover of £4.3m and 0.79x industry multiple (adjusted for size and gross margin).

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Blue Thorn Technology Ltd is a live company located in birmingham, B1 3AL with a Companies House number of 04472705. It operates in the other information technology service activities sector, SIC Code 62090. Founded in June 2002, it's largest shareholder is john cooper with a 25% stake. Blue Thorn Technology Ltd is a mature, small sized company, Pomanda has estimated its turnover at £4.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Blue Thorn Technology Ltd a 4.5 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

Health Rating4.5out of 5

3 Strong

4 Regular

4 Weak

Size

annual sales of £4.3m, make it smaller than the average company (£6.7m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (6.6%)

EXPORT

Blue Thorn Technology Ltd's latest turnover from June 2023 is estimated at £4.3 million and the company has net assets of £695.1 thousand. According to their latest financial statements, Blue Thorn Technology Ltd has 30 employees and maintains cash reserves of £149.2 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	4,325,495	3,647,986	3,494,492	3,523,592	3,153,383	2,970,455	2,947,466	2,442,066	2,060,772	1,924,948	2,016,310	2,073,700	887,042	559,468
Other Income Or Grants
Cost Of Sales	2,147,313	1,743,419	1,696,180	1,678,852	1,503,632	1,394,957	1,398,389	1,133,278	967,211	901,710	955,164	973,411	411,773	245,264
Gross Profit	2,178,182	1,904,567	1,798,312	1,844,740	1,649,751	1,575,499	1,549,076	1,308,788	1,093,561	1,023,238	1,061,146	1,100,289	475,269	314,204
Admin Expenses	1,944,323	1,789,621	1,691,719	1,780,977	1,561,235	1,574,034	1,476,690	1,311,392	1,088,283	1,040,310	1,039,074	995,631	488,295	161,913
Operating Profit	233,859	114,946	106,593	63,763	88,516	1,465	72,386	-2,604	5,278	-17,072	22,072	104,658	-13,026	152,291
Interest Payable	4,206	3,383	2,570	2,858	6,071	7,077	5,089	2,131
Interest Receivable	7,272	1,354	38	1	10	6	1	5	33	194	208	115	387	316
Pre-Tax Profit	236,925	112,916	104,060	60,906	82,454	-5,606	67,298	-4,730	5,311	-16,878	22,279	104,774	-12,639	152,607
Tax	-59,231	-21,454	-19,771	-11,572	-15,666		-12,787		-1,062		-5,124	-25,146		-42,730
Profit After Tax	177,694	91,462	84,289	49,334	66,788	-5,606	54,511	-4,730	4,249	-16,878	17,155	79,628	-12,639	109,877
Dividends Paid
Retained Profit	177,694	91,462	84,289	49,334	66,788	-5,606	54,511	-4,730	4,249	-16,878	17,155	79,628	-12,639	109,877
Employee Costs	2,133,850	1,928,821	1,842,371	1,671,649	1,687,957	1,615,806	1,555,178	1,338,165	759,600	695,369	706,110	711,546	294,026	239,919
Number Of Employees	30	29	29	28	28	28	28	25	14	13	14	14	6	5
EBITDA*	246,853	126,502	127,345	88,403	112,930	22,604	92,561	16,122	22,730	272	39,701	115,325	-851	166,503

* 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	56,971	26,350	27,711	36,703	47,338	58,684	61,603	33,780	27,054	33,092	45,704	31,801	21,130	20,147
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	56,971	26,350	27,711	36,703	47,338	58,684	61,603	33,780	27,054	33,092	45,704	31,801	21,130	20,147
Stock & work in progress													31,679
Trade Debtors	764,458	634,729	587,333	613,868	533,525	502,485	500,069	360,239	371,446	351,312	341,286	340,031	151,096	85,694
Group Debtors
Misc Debtors	21,908	16,781	15,755	26,427	46,850	88,609	31,508	45,610
Cash	149,155	141,725	74,851	788	504	2,069	415	422	1,480	11,830	65,611	17,402	28,684	126,263
misc current assets
total current assets	935,521	793,235	677,939	641,083	580,879	593,163	531,992	406,271	372,926	363,142	406,897	357,433	211,459	211,957
total assets	992,492	819,585	705,650	677,786	628,217	651,847	593,595	440,051	399,980	396,234	452,601	389,234	232,589	232,104
Bank overdraft				34,273	59,430	120,462	97,300	65,562
Bank loan	10,000	10,000	7,500
Trade Creditors	24,569	30,918	22,192	32,447	28,334	16,186	29,074	8,982	215,101	209,838	234,797	209,023	133,935	121,753
Group/Directors Accounts	2,678	2,678	3,337	3,419	3,419	3,419	3,419	3,146
other short term finances
hp & lease commitments				6,925	16,621	16,621
other current liabilities	222,949	220,407	199,120	252,356	214,001	237,561	221,464	180,038
total current liabilities	260,196	264,003	232,149	329,420	321,805	394,249	351,257	257,728	215,101	209,838	234,797	209,023	133,935	121,753
loans	23,133	33,333	42,500
hp & lease commitments					6,926	23,547
Accruals and Deferred Income
other liabilities										4,265	17,533
provisions	14,025	4,805	5,019	6,673	7,127	8,480	11,161	5,657	3,483	4,984	6,246	3,341	1,412	470
total long term liabilities	37,158	38,138	47,519	6,673	14,053	32,027	11,161	5,657	3,483	9,249	23,779	3,341	1,412	470
total liabilities	297,354	302,141	279,668	336,093	335,858	426,276	362,418	263,385	218,584	219,087	258,576	212,364	135,347	122,223
net assets	695,138	517,444	425,982	341,693	292,359	225,571	231,177	176,666	181,396	177,147	194,025	176,870	97,242	109,881
total shareholders funds	695,138	517,444	425,982	341,693	292,359	225,571	231,177	176,666	181,396	177,147	194,025	176,870	97,242	109,881

	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	233,859	114,946	106,593	63,763	88,516	1,465	72,386	-2,604	5,278	-17,072	22,072	104,658	-13,026	152,291
Depreciation	12,994	11,556	20,752	24,640	24,414	21,139	20,175	18,726	17,452	17,344	17,629	10,667	12,175	14,212
Amortisation
Tax	-59,231	-21,454	-19,771	-11,572	-15,666		-12,787		-1,062		-5,124	-25,146		-42,730
Stock												-31,679	31,679
Debtors	134,856	48,422	-37,207	59,920	-10,719	59,517	125,728	34,403	20,134	10,026	1,255	188,935	65,402	85,694
Creditors	-6,349	8,726	-10,255	4,113	12,148	-12,888	20,092	-206,119	5,263	-24,959	25,774	75,088	12,182	121,753
Accruals and Deferred Income	2,542	21,287	-53,236	38,355	-23,560	16,097	41,426	180,038
Deferred Taxes & Provisions	9,220	-214	-1,654	-454	-1,353	-2,681	5,504	2,174	-1,501	-1,262	2,905	1,929	942	470
Cash flow from operations	58,179	86,425	79,636	58,925	95,218	-36,385	21,068	-42,188	5,296	-35,975	62,001	9,940	-84,808	160,302
Investing Activities
capital expenditure	-43,615	-10,195	-11,760	-14,005	-13,068	-18,220	-47,998	-25,452	-11,414	-4,732	-31,532	-21,338	-13,158	-34,359
Change in Investments
cash flow from investments	-43,615	-10,195	-11,760	-14,005	-13,068	-18,220	-47,998	-25,452	-11,414	-4,732	-31,532	-21,338	-13,158	-34,359
Financing Activities
Bank loans		2,500	7,500
Group/Directors Accounts		-659	-82				273	3,146
Other Short Term Loans
Long term loans	-10,200	-9,167	42,500
Hire Purchase and Lease Commitments			-6,925	-16,622	-16,621	40,168
other long term liabilities									-4,265	-13,268	17,533
share issue														4
interest	3,066	-2,029	-2,532	-2,857	-6,061	-7,071	-5,088	-2,126	33	194	208	115	387	316
cash flow from financing	-7,134	-9,355	40,461	-19,479	-22,682	33,097	-4,815	1,020	-4,232	-13,074	17,741	115	387	320
cash and cash equivalents
cash	7,430	66,874	74,063	284	-1,565	1,654	-7	-1,058	-10,350	-53,781	48,209	-11,282	-97,579	126,263
overdraft			-34,273	-25,157	-61,032	23,162	31,738	65,562
change in cash	7,430	66,874	108,336	25,441	59,467	-21,508	-31,745	-66,620	-10,350	-53,781	48,209	-11,282	-97,579	126,263

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BLUE THORN TECHNOLOGY LTD group structure

Blue Thorn Technology Ltd has no subsidiary companies.

Ultimate parent company

BLUE THORN TECHNOLOGY LTD

04472705

BLUE THORN TECHNOLOGY LTD Shareholders

john cooper	25%
lorna mcisaac	25%
nina cooper	25%
jason kester isaac henry	25%

Blue Thorn Technology Ltd currently has 2 directors. The longest serving directors include Mr Jason Isaac Henry (Jun 2002) and Mr John Cooper (Jun 2002).

officer	country	age	start	end	role
Mr Jason Isaac Henry		55 years	Jun 2002	-	Director
Mr John Cooper		55 years	Jun 2002	-	Director

P&L

June 2023

turnover

4.3m

+19%

operating profit

233.9k

gross margin

50.4%

-3.55%

turnover

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

Balance Sheet

June 2023

net assets

695.1k

+0.34%

total assets

992.5k

+0.21%

cash

149.2k

+0.05%

net assets

Total assets minus all liabilities

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company number

04472705

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

June 2002

ultimate parent company

None

previous names

N/A

address

3rd floor 87 carver street, jewellery quarter, birmingham, B1 3AL

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blue thorn technology ltd Company Information

blue thorn technology ltd Estimated Valuation

blue thorn technology ltd Estimated Valuation

blue thorn technology ltd Estimated Valuation

Blue Thorn Technology Ltd Overview

Blue Thorn Technology Ltd Health Check

BLUE THORN TECHNOLOGY LTD financials

blue thorn technology ltd Credit Report and Business Information

Blue Thorn Technology Ltd Competitor Analysis

blue thorn technology ltd Ownership

blue thorn technology ltd directors

blue thorn technology ltd company details

blue thorn technology ltd Charges & Mortgages

blue thorn technology ltd Capital Raised & Share Issues BETA

blue thorn technology ltd Companies House Filings - See Documents