Thurgarton Lets Ltd

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thurgarton lets ltd Company Information

Live

MatureMicroDeclining

Company Number

04609318

Website

http://printing-embroidery.co.uk

Registered Address

thurgarton wood house, woodhouses lane, lincoln, lincolnshire, LN4 2EE

Industry

Manufacture of other wearing apparel and accessories

Telephone

01522794979

Next Accounts Due

September 2025

Group Structure

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Directors

Kathryn Billings21 Years

Jon Billings21 Years

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Shareholders

jon duncan billings 25%

robert billings 25%

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thurgarton lets ltd Estimated Valuation

£106.9k

Pomanda estimates the enterprise value of THURGARTON LETS LTD at £106.9k based on a Turnover of £191.7k and 0.56x industry multiple (adjusted for size and gross margin).

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Thurgarton Lets Ltd is a live company located in lincoln, LN4 2EE with a Companies House number of 04609318. It operates in the manufacture of other wearing apparel and accessories n.e.c. sector, SIC Code 14190. Founded in December 2002, it's largest shareholder is jon duncan billings with a 25% stake. Thurgarton Lets Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £191.7k with declining growth in recent years.

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Pomanda's financial health check has awarded Thurgarton Lets Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

3 Regular

6 Weak

Size

annual sales of £191.7k, make it smaller than the average company (£10.4m)

Growth

3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (10.4%)

EXPORT

Thurgarton Lets Ltd's latest turnover from December 2023 is estimated at £191.7 thousand and the company has net assets of £25.7 thousand. According to their latest financial statements, we estimate that Thurgarton Lets Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	191,711	166,997	202,457	324,914	200,120	281,186	467,942	633,708	154,842	174,275	91,605	103,351	157,687	106,843	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	141,981	126,002	155,499	255,148	157,106	231,480	371,212	503,978	122,442	134,844	70,925	78,810	118,993	81,235	0
Gross Profit	49,730	40,995	46,958	69,766	43,014	49,707	96,729	129,730	32,401	39,431	20,681	24,541	38,694	25,608	0
Admin Expenses	53,629	41,042	54,188	79,278	103,755	81,103	86,861	129,852	61,441	35,977	38,317	27,999	34,805	-2,911	-213,271
Operating Profit	-3,899	-47	-7,230	-9,512	-60,741	-31,396	9,868	-122	-29,040	3,454	-17,636	-3,458	3,889	28,519	213,271
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	74	232	170	181	143	177	194	66
Pre-Tax Profit	-3,899	-47	-7,230	-9,512	-60,741	-31,396	9,868	-48	-28,808	3,624	-17,455	-3,315	4,066	28,713	213,338
Tax	0	0	0	0	0	0	-1,875	0	0	-761	0	0	-1,057	-8,039	-59,734
Profit After Tax	-3,899	-47	-7,230	-9,512	-60,741	-31,396	7,993	-48	-28,808	2,863	-17,455	-3,315	3,009	20,673	153,603
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-3,899	-47	-7,230	-9,512	-60,741	-31,396	7,993	-48	-28,808	2,863	-17,455	-3,315	3,009	20,673	153,603
Employee Costs	35,834	34,322	31,933	63,781	31,426	30,665	62,045	59,206	29,877	28,832	29,229	29,636	26,880	25,093	0
Number Of Employees	1	1	1	2	1	1	2	2	1	1	1	1	1	1	0
EBITDA*	-3,899	-47	-7,230	-9,512	-60,741	-31,396	9,868	-122	-11,865	23,510	645	16,695	25,869	45,327	224,938

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	77,415	82,255	86,546	93,408	100,157	105,874	81,106	96,083	99,260	115,084	121,293	139,574	159,414	141,091	120,533
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	3,382	3,382	3,382	3,414	2,349	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	77,415	82,255	86,546	93,408	100,157	105,874	81,106	96,083	102,642	118,466	124,675	142,988	161,763	141,091	120,533
Stock & work in progress	0	0	0	0	0	0	0	0	31,419	31,419	40,503	40,226	36,924	32,836	32,330
Trade Debtors	21,108	22,370	23,284	50,109	22,514	65,533	123,140	142,413	16,875	36,720	11,586	16,645	31,042	15,236	17,925
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	59,465	33,173	34,899	37,326	19,954	50,921	26,478
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	21,108	22,370	23,284	50,109	22,514	65,533	123,140	142,413	107,759	101,312	86,988	94,197	87,920	98,993	76,733
total assets	98,523	104,625	109,830	143,517	122,671	171,407	204,246	238,496	210,401	219,778	211,663	237,185	249,683	240,084	197,266
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	72,833	75,036	80,194	106,651	76,293	64,288	65,587	107,974	79,431	57,471	34,532	42,599	51,482	47,984	30,390
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	72,833	75,036	80,194	106,651	76,293	64,288	65,587	107,974	79,431	57,471	34,532	42,599	51,482	47,984	30,390
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	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	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	144	0	0	2,529	20,216	20,216	20,516	17,424	12,873
total long term liabilities	0	0	0	0	0	0	144	0	0	2,529	20,216	20,216	20,516	17,424	12,873
total liabilities	72,833	75,036	80,194	106,651	76,293	64,288	65,731	107,974	79,431	60,000	54,748	62,815	71,998	65,408	43,263
net assets	25,690	29,589	29,636	36,866	46,378	107,119	138,515	130,522	130,970	159,778	156,915	174,370	177,685	174,676	154,003
total shareholders funds	25,690	29,589	29,636	36,866	46,378	107,119	138,515	130,522	130,970	159,778	156,915	174,370	177,685	174,676	154,003

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-3,899	-47	-7,230	-9,512	-60,741	-31,396	9,868	-122	-29,040	3,454	-17,636	-3,458	3,889	28,519	213,271
Depreciation	0	0	0	0	0	0	0	0	17,175	20,056	18,281	20,153	21,980	16,808	11,667
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	-1,875	0	0	-761	0	0	-1,057	-8,039	-59,734
Stock	0	0	0	0	0	0	0	-31,419	0	-9,084	277	3,302	4,088	506	32,330
Debtors	-1,262	-914	-26,825	27,595	-43,019	-57,607	-19,273	125,538	-19,845	25,134	-5,059	-14,397	15,806	-2,689	17,925
Creditors	-2,203	-5,158	-26,457	30,358	12,005	-1,299	-42,387	28,543	21,960	22,939	-8,067	-8,883	3,498	17,594	30,390
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	-144	144	0	-2,529	-17,687	0	-300	3,092	4,551	12,873
Cash flow from operations	-4,840	-4,291	-6,862	-6,749	-5,717	24,768	-14,977	-65,698	27,411	11,951	-2,640	18,607	11,508	61,616	158,212
Investing Activities
capital expenditure	4,840	4,291	6,862	6,749	5,717	-24,768	14,977	3,177	-1,351	-13,847	0	-313	-40,303	-37,366	-132,200
Change in Investments	0	0	0	0	0	0	0	-3,382	0	0	-32	1,065	2,349	0	0
cash flow from investments	4,840	4,291	6,862	6,749	5,717	-24,768	14,977	6,559	-1,351	-13,847	32	-1,378	-42,652	-37,366	-132,200
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	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	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	-400	0	0	0	0	0	0	400
interest	0	0	0	0	0	0	0	74	232	170	181	143	177	194	66
cash flow from financing	0	0	0	0	0	0	0	-326	232	170	181	143	177	194	466
cash and cash equivalents
cash	0	0	0	0	0	0	0	-59,465	26,292	-1,726	-2,427	17,372	-30,967	24,443	26,478
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-59,465	26,292	-1,726	-2,427	17,372	-30,967	24,443	26,478

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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THURGARTON LETS LTD group structure

Thurgarton Lets Ltd has no subsidiary companies.

Ultimate parent company

THURGARTON LETS LTD

04609318

THURGARTON LETS LTD Shareholders

jon duncan billings	25%
robert billings	25%
rachel ann billings	25%
kathryn billings	25%

Thurgarton Lets Ltd currently has 4 directors. The longest serving directors include Ms Kathryn Billings (Dec 2002) and Mr Jon Billings (Dec 2002).

officer	country	age	start	end	role
Ms Kathryn Billings		77 years	Dec 2002	-	Director
Mr Jon Billings		48 years	Dec 2002	-	Director
Ms Rachel Why	England	46 years	Dec 2002	-	Director
Mr Robert Billings		77 years	Dec 2002	-	Director

P&L

December 2023

turnover

191.7k

+15%

operating profit

-3.9k

gross margin

26%

+5.67%

turnover

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

Balance Sheet

December 2023

net assets

25.7k

-0.13%

total assets

98.5k

-0.06%

cash

net assets

Total assets minus all liabilities

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company number

04609318

Type

Private limited with Share Capital

industry

14190 - Manufacture of other wearing apparel and accessories

incorporation date

December 2002

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

thor's gardens (uk) ltd (November 2017)

kathryn billings printing & embroidery limited (July 2017)

last accounts submitted

December 2023

address

thurgarton wood house, woodhouses lane, lincoln, lincolnshire, LN4 2EE

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.

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thurgarton lets ltd Company Information

thurgarton lets ltd Estimated Valuation

thurgarton lets ltd Estimated Valuation

thurgarton lets ltd Estimated Valuation

Thurgarton Lets Ltd Overview

Thurgarton Lets Ltd Health Check

THURGARTON LETS LTD financials

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Thurgarton Lets Ltd Competitor Analysis

thurgarton lets ltd Ownership

thurgarton lets ltd directors

thurgarton lets ltd company details

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