Thornrose Limited

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thornrose limited Company Information

Live (In Receivership)

MatureSmallHealthy

Company Number

04488661

Next Accounts

24 days late

Industry

Other business support service activities n.e.c.

Directors

Shaun Leane

Shareholders

shaun leane

avant gard jewellery limited

Group Structure

View All

Contact

Registered Address

c/o begbies traynor, 31st floor, 40 bank street, london, E14 5NR

Website

http://shaunleane.com

thornrose limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of THORNROSE LIMITED at £1.6m based on a Turnover of £2.7m and 0.61x industry multiple (adjusted for size and gross margin).

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Thornrose Limited is a live company located in london, E14 5NR with a Companies House number of 04488661. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in July 2002, it's largest shareholder is shaun leane with a 50% stake. Thornrose Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Thornrose Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

6 Regular

3 Weak

Size

annual sales of £2.7m, make it in line with the average company (£3.3m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (3.6%)

EXPORT

Thornrose Limited's latest turnover from January 2023 is estimated at £2.7 million and the company has net assets of £444.5 thousand. According to their latest financial statements, Thornrose Limited has 21 employees and maintains cash reserves of £205.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Feb 2020	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	2,669,964	2,806,384	1,965,635	2,074,418	2,621,919	2,550,731	2,704,423	3,802,140	3,875,577	4,007,960	2,723,650	3,097,991	2,012,624	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,631,380	1,739,993	1,238,297	1,290,281	1,641,854	1,568,062	1,671,061	2,408,232	2,479,342	2,575,196	1,703,831	1,896,838	1,201,739	0
Gross Profit	1,038,584	1,066,391	727,338	784,137	980,066	982,669	1,033,362	1,393,908	1,396,235	1,432,764	1,019,819	1,201,153	810,885	0
Admin Expenses	942,591	931,189	687,519	962,213	1,089,384	1,098,261	1,029,205	1,591,209	1,281,684	1,399,949	1,077,454	1,035,533	937,467	-199,464
Operating Profit	95,993	135,202	39,819	-178,076	-109,318	-115,592	4,157	-197,301	114,551	32,815	-57,635	165,620	-126,582	199,464
Interest Payable	17,145	21,483	25,951	14,735	22,719	10,488	4,844	0	0	0	0	0	0	0
Interest Receivable	8,930	982	349	812	329	1	1	3	97	111	18	3	61	61
Pre-Tax Profit	87,778	114,701	14,217	-191,999	-131,707	-126,079	-685	-197,298	114,648	32,926	-57,617	165,623	-126,521	199,525
Tax	-16,678	-21,793	-2,701	0	0	0	0	0	-24,076	-7,573	0	-43,062	0	-55,867
Profit After Tax	71,100	92,908	11,516	-191,999	-131,707	-126,079	-685	-197,298	90,572	25,353	-57,617	122,561	-126,521	143,658
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	71,100	92,908	11,516	-191,999	-131,707	-126,079	-685	-197,298	90,572	25,353	-57,617	122,561	-126,521	143,658
Employee Costs	969,717	749,386	806,459	838,380	785,060	760,079	649,696	1,066,482	1,095,016	1,115,486	769,892	867,527	564,136	0
Number Of Employees	21	17	19	20	20	20	17	28	29	30	21	24	16	0
EBITDA*	122,990	154,139	64,176	-146,610	-90,314	-99,090	22,381	-178,057	125,713	49,940	-38,002	189,393	-114,223	210,610

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Feb 2020	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	84,659	80,280	93,773	116,029	109,147	91,998	93,087	119,048	99,393	69,967	79,543	90,308	115,817	37,119
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	1,400	3,213	4,613
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	2	2	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	84,659	80,280	93,773	116,029	109,147	91,998	93,087	119,048	99,393	69,967	79,543	91,710	119,032	41,732
Stock & work in progress	790,883	784,737	663,734	570,636	624,589	681,093	472,404	598,152	635,939	613,837	574,796	528,642	520,358	220,810
Trade Debtors	198,396	288,378	86,778	169,655	297,389	203,221	249,370	232,676	307,094	298,003	176,523	280,117	109,020	481,428
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	115,289	65,073	86,498	94,318	70,303	126,370	66,363	0	0	0	0	0	0	0
Cash	205,578	304,731	481,002	216,639	87,427	418	517	565	729	38,004	6,325	1,058	38	24,538
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,310,146	1,442,919	1,318,012	1,051,248	1,079,708	1,011,102	788,654	831,393	943,762	949,844	757,644	809,817	629,416	726,776
total assets	1,394,805	1,523,199	1,411,785	1,167,277	1,188,855	1,103,100	881,741	950,441	1,043,155	1,019,811	837,187	901,527	748,448	768,508
Bank overdraft	0	0	0	0	0	69,778	98,322	0	0	0	0	0	0	0
Bank loan	72,051	273,214	414,233	44,748	44,748	0	29,598	0	0	0	0	0	0	0
Trade Creditors	431,629	517,372	346,921	237,841	331,996	487,816	565,801	898,506	770,273	843,831	635,006	648,724	568,082	482,514
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	15,685	0	0	0	0	110,833	16,250	0	0	0	0	0	0	0
hp & lease commitments	1,573	6,294	6,294	6,294	0	0	0	0	0	0	0	0	0	0
other current liabilities	422,285	338,137	348,199	201,116	135,518	86,976	147,029	0	0	0	0	0	0	0
total current liabilities	943,223	1,135,017	1,115,647	489,999	512,262	755,403	857,000	898,506	770,273	843,831	635,006	648,724	568,082	482,514
loans	0	0	0	391,859	447,794	0	10,833	0	0	0	0	0	0	0
hp & lease commitments	0	1,573	7,867	12,587	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	8,341	0	0	32,754	74,872	68,542	120,096	113,101	163,225	142,334
provisions	7,106	13,233	7,803	3,880	17,270	12,802	13,881	18,469	0	0	0	0	0	0
total long term liabilities	7,106	14,806	15,670	408,326	473,405	12,802	24,714	51,223	74,872	68,542	120,096	113,101	163,225	142,334
total liabilities	950,329	1,149,823	1,131,317	898,325	985,667	768,205	881,714	949,729	845,145	912,373	755,102	761,825	731,307	624,848
net assets	444,476	373,376	280,468	268,952	203,188	334,895	27	712	198,010	107,438	82,085	139,702	17,141	143,660
total shareholders funds	444,476	373,376	280,468	268,952	203,188	334,895	27	712	198,010	107,438	82,085	139,702	17,141	143,660

	Jan 2023	Jan 2022	Jan 2021	Feb 2020	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	95,993	135,202	39,819	-178,076	-109,318	-115,592	4,157	-197,301	114,551	32,815	-57,635	165,620	-126,582	199,464
Depreciation	26,997	18,937	24,357	31,466	19,004	16,502	18,224	19,244	11,162	17,125	18,233	22,373	10,959	9,746
Amortisation	0	0	0	0	0	0	0	0	0	0	1,400	1,400	1,400	1,400
Tax	-16,678	-21,793	-2,701	0	0	0	0	0	-24,076	-7,573	0	-43,062	0	-55,867
Stock	6,146	121,003	93,098	570,636	-56,504	208,689	-125,748	-37,787	22,102	39,041	46,154	8,284	299,548	220,810
Debtors	-39,766	180,175	-90,697	263,973	38,101	13,858	83,057	-74,418	9,091	121,480	-103,594	171,097	-372,408	481,428
Creditors	-85,743	170,451	109,080	237,841	-155,820	-77,985	-332,705	128,233	-73,558	208,825	-13,718	80,642	85,568	482,514
Accruals and Deferred Income	84,148	-10,062	147,083	201,116	48,542	-60,053	147,029	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-6,127	5,430	3,923	3,880	4,468	-1,079	-4,588	18,469	0	0	0	0	0	0
Cash flow from operations	132,210	-3,013	319,160	-538,382	-174,721	-460,754	-125,192	80,850	-3,114	90,671	5,720	47,592	44,205	-64,981
Investing Activities
capital expenditure	-31,376	-5,444	-2,101	-147,495	-36,153	-15,413	7,737	-38,899	-40,588	-7,549	-7,468	3,549	-89,657	-52,878
Change in Investments	0	0	0	0	0	0	0	0	0	0	-2	0	2	0
cash flow from investments	-31,376	-5,444	-2,101	-147,495	-36,153	-15,413	7,737	-38,899	-40,588	-7,549	-7,466	3,549	-89,659	-52,878
Financing Activities
Bank loans	-201,163	-141,019	369,485	44,748	44,748	-29,598	29,598	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	15,685	0	0	0	-110,833	94,583	16,250	0	0	0	0	0	0	0
Long term loans	0	0	-391,859	391,859	447,794	-10,833	10,833	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-6,294	-6,294	-4,720	18,881	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	8,341	0	-32,754	-42,118	6,330	-51,554	6,995	-50,124	20,891	142,334
share issue	0	0	0	460,951	0	460,947	0	0	0	0	0	0	2	2
interest	-8,215	-20,501	-25,602	-13,923	-22,390	-10,487	-4,843	3	97	111	18	3	61	61
cash flow from financing	-199,987	-167,814	-52,696	902,516	367,660	504,612	19,084	-42,115	6,427	-51,443	7,013	-50,121	20,954	142,397
cash and cash equivalents
cash	-99,153	-176,271	264,363	216,639	87,009	-99	-48	-164	-37,275	31,679	5,267	1,020	-24,500	24,538
overdraft	0	0	0	0	-69,778	-28,544	98,322	0	0	0	0	0	0	0
change in cash	-99,153	-176,271	264,363	216,639	156,787	28,445	-98,370	-164	-37,275	31,679	5,267	1,020	-24,500	24,538

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for thornrose limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in E14 area or any other competitors across 12 key performance metrics.

THORNROSE LIMITED group structure

Thornrose Limited has no subsidiary companies.

Ultimate parent company

THORNROSE LIMITED

04488661

THORNROSE LIMITED Shareholders

shaun leane	50%
avant gard jewellery limited	50%

Thornrose Limited currently has 1 director, Mr Shaun Leane serving since Jul 2002.

officer	country	age	start	end	role
Mr Shaun Leane		55 years	Jul 2002	-	Director

P&L

January 2023

turnover

2.7m

-5%

operating profit

96k

gross margin

38.9%

+2.37%

turnover

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

Balance Sheet

January 2023

net assets

444.5k

+0.19%

total assets

1.4m

-0.08%

cash

205.6k

-0.33%

net assets

Total assets minus all liabilities

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company number

04488661

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

July 2002

ultimate parent company

None

previous names

shaun leane ltd (August 2005)

address

c/o begbies traynor, 31st floor, 40 bank street, london, E14 5NR

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 5 charges/mortgages relating to thornrose limited. Currently there are 2 open charges and 3 have been satisfied in the past.

thornrose limited Company Information

thornrose limited Estimated Valuation

thornrose limited Estimated Valuation

thornrose limited Estimated Valuation

Thornrose Limited Overview

Thornrose Limited Health Check

THORNROSE LIMITED financials

thornrose limited Credit Report and Business Information

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thornrose limited Ownership

thornrose limited directors

thornrose limited company details

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thornrose limited Companies House Filings - See Documents