thorngate limited
thorngate limited Company Information
Group Structure
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Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Registered Address
the circus belton park road, skegness, PE25 1GU
Website
conceptflooring.co.ukthorngate limited Estimated Valuation
Pomanda estimates the enterprise value of THORNGATE LIMITED at £359k based on a Turnover of £108.4k and 3.31x industry multiple (adjusted for size and gross margin).
thorngate limited Estimated Valuation
Pomanda estimates the enterprise value of THORNGATE LIMITED at £271k based on an EBITDA of £41.9k and a 6.47x industry multiple (adjusted for size and gross margin).
thorngate limited Estimated Valuation
Pomanda estimates the enterprise value of THORNGATE LIMITED at £1.6m based on Net Assets of £899k and 1.75x industry multiple (adjusted for liquidity).
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Thorngate Limited Overview
Thorngate Limited is a live company located in skegness, PE25 1GU with a Companies House number of 05031035. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in January 2004, it's largest shareholder is tgl holdco ltd with a 100% stake. Thorngate Limited is a mature, micro sized company, Pomanda has estimated its turnover at £108.4k with declining growth in recent years.
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Thorngate Limited Health Check
Pomanda's financial health check has awarded Thorngate Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £108.4k, make it smaller than the average company (£850.2k)
- Thorngate Limited
£850.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (2.9%)
- Thorngate Limited
2.9% - Industry AVG
Production
with a gross margin of 73%, this company has a comparable cost of product (73%)
- Thorngate Limited
73% - Industry AVG
Profitability
an operating margin of 38.6% make it more profitable than the average company (27.1%)
- Thorngate Limited
27.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - Thorngate Limited
4 - Industry AVG
Pay Structure
on an average salary of £31.8k, the company has an equivalent pay structure (£31.8k)
- Thorngate Limited
£31.8k - Industry AVG
Efficiency
resulting in sales per employee of £54.2k, this is less efficient (£179.2k)
- Thorngate Limited
£179.2k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (32 days)
- Thorngate Limited
32 days - Industry AVG
Creditor Days
its suppliers are paid after 113 days, this is slower than average (36 days)
- Thorngate Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Thorngate Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Thorngate Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 74.5%, this is a higher level of debt than the average (67.5%)
74.5% - Thorngate Limited
67.5% - Industry AVG
THORNGATE LIMITED financials
Thorngate Limited's latest turnover from October 2023 is estimated at £108.4 thousand and the company has net assets of £899 thousand. According to their latest financial statements, Thorngate Limited has 2 employees and maintains cash reserves of £24.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | 5 | 2 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 555 | 694 | 867 | 1,084 | 1,355 | 1,694 | 1,387 | ||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 1,980,000 | 2,130,000 | 2,845,000 | 2,845,000 | 2,810,000 | 3,535,000 | 4,010,000 | 4,890,000 | 4,890,000 | 4,890,000 | 2,581,326 | 2,636,326 | 3,033,951 | 5,188,939 | 3,403,842 |
| Debtors (Due After 1 year) | 104,946 | ||||||||||||||
| Total Fixed Assets | 1,980,000 | 2,130,000 | 2,845,000 | 2,845,000 | 2,810,000 | 3,535,000 | 4,010,555 | 4,890,694 | 4,890,867 | 4,891,084 | 2,582,681 | 2,742,966 | 3,035,338 | 5,188,939 | 3,403,842 |
| Stock & work in progress | 3,021,078 | 3,021,078 | 3,242,013 | 1,520,935 | 1,519,133 | ||||||||||
| Trade Debtors | 733 | 6,340 | 1,317 | 8,180 | 621 | 171 | 2,536 | 655,811 | 651,215 | 206,452 | 12,205 | 30,364 | 3,685 | 1,315 | |
| Group Debtors | |||||||||||||||
| Misc Debtors | 1,523,776 | 1,337,020 | 1,084,286 | 1,084,303 | 1,081,553 | 632,297 | 626,154 | 641,067 | |||||||
| Cash | 24,884 | 20,311 | 60,865 | 6,547 | 22,311 | 512,819 | 74,076 | 34,027 | 43,215 | 48,986 | 40,671 | 18,316 | 16,102 | 17,347 | 5,616 |
| misc current assets | |||||||||||||||
| total current assets | 1,549,393 | 1,363,671 | 1,146,468 | 1,099,030 | 1,103,864 | 1,145,737 | 700,401 | 677,630 | 699,026 | 700,201 | 3,268,201 | 3,051,599 | 3,288,479 | 1,541,967 | 1,526,064 |
| total assets | 3,529,393 | 3,493,671 | 3,991,468 | 3,944,030 | 3,913,864 | 4,680,737 | 4,710,956 | 5,568,324 | 5,589,893 | 5,591,285 | 5,850,882 | 5,794,565 | 6,323,817 | 6,730,906 | 4,929,906 |
| Bank overdraft | 866,991 | 866,991 | 925,539 | 63,856 | 177,390 | 24,903 | |||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 9,107 | 6,103 | 4,974 | 5,067 | 14,471 | 8,587 | 9,194 | 11,771 | 5,047,701 | 5,129,059 | 5,540,663 | 865,856 | 884,840 | 1,037,526 | 1,912,714 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 2,057,611 | 2,040,583 | 1,948,292 | 1,937,541 | 2,065,631 | 2,154,326 | 2,094,999 | 2,465,788 | |||||||
| total current liabilities | 2,066,718 | 2,046,686 | 2,820,257 | 2,809,599 | 3,005,641 | 2,226,769 | 2,281,583 | 2,502,462 | 5,047,701 | 5,129,059 | 5,540,663 | 865,856 | 884,840 | 1,037,526 | 1,912,714 |
| loans | 196,848 | 196,841 | 196,838 | 196,840 | 196,836 | 1,926,635 | 1,944,763 | 2,797,365 | 187,313 | 187,313 | 187,313 | ||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 300,000 | 300,000 | 197,262 | 197,312 | 4,680,196 | 4,911,978 | 5,353,614 | 2,719,801 | |||||||
| provisions | 66,815 | 50,779 | 78,899 | 101,975 | 64,623 | 95,968 | 134,382 | 141,842 | |||||||
| total long term liabilities | 563,663 | 547,620 | 275,737 | 298,815 | 261,459 | 2,022,603 | 2,079,145 | 2,939,207 | 197,262 | 197,312 | 187,313 | 4,867,509 | 5,099,291 | 5,353,614 | 2,719,801 |
| total liabilities | 2,630,381 | 2,594,306 | 3,095,994 | 3,108,414 | 3,267,100 | 4,249,372 | 4,360,728 | 5,441,669 | 5,244,963 | 5,326,371 | 5,727,976 | 5,733,365 | 5,984,131 | 6,391,140 | 4,632,515 |
| net assets | 899,012 | 899,365 | 895,474 | 835,616 | 646,764 | 431,365 | 350,228 | 126,655 | 344,930 | 264,914 | 122,906 | 61,200 | 339,686 | 339,766 | 297,391 |
| total shareholders funds | 899,012 | 899,365 | 895,474 | 835,616 | 646,764 | 431,365 | 350,228 | 126,655 | 344,930 | 264,914 | 122,906 | 61,200 | 339,686 | 339,766 | 297,391 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 555 | 139 | 173 | 217 | 271 | 339 | |||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -3,021,078 | -220,935 | 1,721,078 | 1,802 | 1,519,133 | ||||||||||
| Debtors | 181,149 | 257,757 | -6,880 | 10,930 | 448,635 | 6,593 | -17,278 | -12,208 | 4,596 | 444,763 | 89,301 | 86,787 | 26,679 | 2,370 | 1,315 |
| Creditors | 3,004 | 1,129 | -93 | -9,404 | 5,884 | -607 | -2,577 | -5,035,930 | -81,358 | -411,604 | 4,674,807 | -18,984 | -152,686 | -875,188 | 1,912,714 |
| Accruals and Deferred Income | 17,028 | 92,291 | 10,751 | -128,090 | -88,695 | 59,327 | -370,789 | 2,465,788 | |||||||
| Deferred Taxes & Provisions | 16,036 | -28,120 | -23,076 | 37,352 | -31,345 | -38,414 | -7,460 | 141,842 | |||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -150,000 | -715,000 | 35,000 | -725,000 | -475,000 | -880,000 | 2,308,674 | -55,000 | -397,625 | -2,154,988 | 1,785,097 | 3,403,842 | |||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | 7 | 3 | -2 | 4 | -1,729,799 | -18,128 | -852,602 | 2,797,365 | -187,313 | 187,313 | |||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | 300,000 | -197,262 | -50 | 197,312 | -4,680,196 | -231,782 | -441,636 | 2,633,813 | 2,719,801 | ||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 4,573 | -40,554 | 54,318 | -15,764 | -490,508 | 438,743 | 40,049 | -9,188 | -5,771 | 8,315 | 22,355 | 2,214 | -1,245 | 11,731 | 5,616 |
| overdraft | -866,991 | -58,548 | 861,683 | -113,534 | 152,487 | 24,903 | |||||||||
| change in cash | 4,573 | 826,437 | 54,318 | 42,784 | -1,352,191 | 552,277 | -112,438 | -34,091 | -5,771 | 8,315 | 22,355 | 2,214 | -1,245 | 11,731 | 5,616 |
thorngate limited Credit Report and Business Information
Thorngate Limited Competitor Analysis
Perform a competitor analysis for thorngate limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in PE25 area or any other competitors across 12 key performance metrics.
thorngate limited Ownership
THORNGATE LIMITED group structure
Thorngate Limited has no subsidiary companies.
thorngate limited directors
Thorngate Limited currently has 2 directors. The longest serving directors include Mr Leigh Hall (Jan 2004) and Mr Dean Wann (Jan 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Leigh Hall | England | 56 years | Jan 2004 | - | Director |
| Mr Dean Wann | England | 54 years | Jan 2004 | - | Director |
P&L
October 2023turnover
108.4k
-14%
operating profit
41.9k
0%
gross margin
73%
+0.69%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
899k
0%
total assets
3.5m
+0.01%
cash
24.9k
+0.23%
net assets
Total assets minus all liabilities
thorngate limited company details
company number
05031035
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
January 2004
age
21
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
October 2023
previous names
N/A
accountant
DUNCAN & TOPLIS LIMITED
auditor
-
address
the circus belton park road, skegness, PE25 1GU
Bank
BARCLAYS BANK PLC
Legal Advisor
-
thorngate 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 33 charges/mortgages relating to thorngate limited. Currently there are 5 open charges and 28 have been satisfied in the past.
thorngate limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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thorngate limited Companies House Filings - See Documents
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