Thames Street Works Ltd

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thames street works ltd Company Information

Company Number

07811892

Next Accounts

Sep 2025

Directors

Joe Whitmore

Shareholders

sheldrake holdings ltd

joe ayton whitmore

Group Structure

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Industry

Construction of other civil engineering projects n.e.c.

Registered Address

northside house 69 tweedy road, bromley, kent, BR1 3WA

Website

www.thamesstreetworks.co.uk

thames street works ltd Estimated Valuation

£3.5m

Pomanda estimates the enterprise value of THAMES STREET WORKS LTD at £3.5m based on a Turnover of £11.1m and 0.32x industry multiple (adjusted for size and gross margin).

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Thames Street Works Ltd is a live company located in kent, BR1 3WA with a Companies House number of 07811892. It operates in the construction of other civil engineering projects n.e.c. sector, SIC Code 42990. Founded in October 2011, it's largest shareholder is sheldrake holdings ltd with a 50% stake. Thames Street Works Ltd is a established, mid sized company, Pomanda has estimated its turnover at £11.1m with rapid growth in recent years.

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Pomanda's financial health check has awarded Thames Street Works Ltd a 2.5 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

Health Rating2.5out of 5

2 Strong

3 Regular

6 Weak

Size

annual sales of £11.1m, make it smaller than the average company (£14.2m)

Growth

3 year (CAGR) sales growth of 33%, show it is growing at a faster rate (8.9%)

EXPORT

Thames Street Works Ltd's latest turnover from December 2023 is estimated at £11.1 million and the company has net assets of £944.3 thousand. According to their latest financial statements, Thames Street Works Ltd has 33 employees and maintains cash reserves of £134.6 thousand 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
Turnover	11,105,584	7,696,319	9,458,995	4,764,001	867,343	195,333	86,900	172,355	19,557	1,071,585	234,711	361,698
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	9,188,341	6,423,171	7,915,630	3,984,975	721,574	161,143	70,835	138,998	16,057	885,875	193,642	288,572
Gross Profit	1,917,244	1,273,148	1,543,365	779,025	145,769	34,190	16,065	33,357	3,499	185,710	41,068	73,126
Admin Expenses	1,547,924	1,040,304	1,482,319	559,432	-99,370	63,411	29,390	-23,200	-54,056	173,514	23,452	72,383
Operating Profit	369,320	232,844	61,046	219,593	245,139	-29,221	-13,325	56,557	57,555	12,196	17,616	743
Interest Payable	7,785	13,185	13,650	8,029	525	89	0	0	0	0	0	0
Interest Receivable	10,853	5,035	395	154	0	13	23	55	106	13	15	13
Pre-Tax Profit	372,388	224,694	47,791	211,717	244,615	-29,296	-13,302	56,613	57,661	12,209	17,631	757
Tax	-93,097	-42,692	-9,080	-40,226	-46,477	0	0	-11,322	-11,532	-2,564	-4,055	-182
Profit After Tax	279,291	182,002	38,711	171,491	198,138	-29,296	-13,302	45,290	46,129	9,645	13,576	575
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	279,291	182,002	38,711	171,491	198,138	-29,296	-13,302	45,290	46,129	9,645	13,576	575
Employee Costs	1,681,918	2,291,482	2,371,280	1,378,690	223,798	43,409	42,130	120,866	39,691	227,275	74,509	107,330
Number Of Employees	33	47	51	30	5	1	1	3	1	6	2	3
EBITDA*	594,805	476,685	201,667	456,338	506,091	196,465	185,542	245,806	234,652	41,419	17,616	743

* 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
Tangible Assets	1,016,761	1,970,933	1,989,265	636,052	1,138,320	725,554	263,679	356,108	533,118	672,164	0	0
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,016,761	1,970,933	1,989,265	636,052	1,138,320	725,554	263,679	356,108	533,118	672,164	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	2,367,313	1,170,166	1,914,594	1,023,149	204,101	12,756	12,672	7,059	5,400	105,029	43,263	51,400
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	523,580	632,957	985,714	594,836	611,911	403,760	302,095	195,417	34,915	0	0	0
Cash	134,604	278,836	8,870	307,321	0	0	3,598	5,776	38,286	4,262	742	5,266
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,025,497	2,081,959	2,909,178	1,925,306	816,012	416,516	318,365	208,252	78,601	109,291	44,005	56,666
total assets	4,042,258	4,052,892	4,898,443	2,561,358	1,954,332	1,142,070	582,044	564,360	611,719	781,455	44,005	56,666
Bank overdraft	47,271	65,880	186,447	250,351	12,907	2,635	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	824,923	696,428	993,780	276,092	45,376	41,670	0	4,552	408	240,786	27,854	54,091
Group/Directors Accounts	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
hp & lease commitments	369,740	410,822	632,782	264,541	435,253	217,105	210,846	173,041	149,777	0	0	0
other current liabilities	480,930	54,866	351,234	483,409	137,442	11,046	13,055	70,420	24,514	0	0	0
total current liabilities	1,722,864	1,227,996	2,164,243	1,274,393	630,978	272,456	223,901	248,013	174,699	240,786	27,854	54,091
loans	0	25,242	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	575,144	1,334,695	1,451,243	842,709	1,050,589	787,068	248,477	193,379	365,085	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	800,000	800,000	800,000	0	0	0	0	0	0	514,863	0	0
provisions	0	0	0	0	0	7,919	5,743	5,743	0	0	0	0
total long term liabilities	1,375,144	2,159,937	2,251,243	842,709	1,050,589	794,987	254,220	199,122	365,085	514,863	0	0
total liabilities	3,098,008	3,387,933	4,415,486	2,117,102	1,681,567	1,067,443	478,121	447,135	539,784	755,649	27,854	54,091
net assets	944,250	664,959	482,957	444,256	272,765	74,627	103,923	117,225	71,935	25,806	16,151	2,575
total shareholders funds	944,250	664,959	482,957	444,256	272,765	74,627	103,923	117,225	71,935	25,806	16,151	2,575

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012
Operating Activities
Operating Profit	369,320	232,844	61,046	219,593	245,139	-29,221	-13,325	56,557	57,555	12,196	17,616	743
Depreciation	225,485	243,841	140,621	236,745	260,952	225,686	198,867	189,249	177,097	29,223	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-93,097	-42,692	-9,080	-40,226	-46,477	0	0	-11,322	-11,532	-2,564	-4,055	-182
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	1,087,770	-1,097,185	1,282,323	801,973	399,496	101,749	112,291	162,161	-64,714	61,766	-8,137	51,400
Creditors	128,495	-297,352	717,688	230,716	3,706	41,670	-4,552	4,144	-240,378	212,932	-26,237	54,091
Accruals and Deferred Income	426,064	-296,368	-132,175	345,967	126,396	-2,009	-57,365	45,906	24,514	0	0	0
Deferred Taxes & Provisions	0	0	0	0	-7,919	2,176	0	5,743	0	0	0	0
Cash flow from operations	-31,503	937,458	-504,223	190,822	182,301	136,553	11,334	128,116	71,970	190,021	-4,539	3,252
Investing Activities
capital expenditure	728,687	-225,509	-1,493,834	265,523	-673,718	-687,561	-106,438	-12,239	-38,051	-701,387	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	728,687	-225,509	-1,493,834	265,523	-673,718	-687,561	-106,438	-12,239	-38,051	-701,387	0	0
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-25,242	25,242	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-800,633	-338,508	976,775	-378,592	481,669	544,850	92,903	-148,442	514,862	0	0	0
other long term liabilities	0	0	800,000	0	0	0	0	0	-514,863	514,863	0	0
share issue	0	0	-10	0	0	0	0	0	0	10	0	2,000
interest	3,068	-8,150	-13,255	-7,875	-525	-76	23	55	106	13	15	13
cash flow from financing	-822,807	-321,416	1,763,510	-386,467	481,144	544,774	92,926	-148,387	105	514,886	15	2,013
cash and cash equivalents
cash	-144,232	269,966	-298,451	307,321	0	-3,598	-2,178	-32,510	34,024	3,520	-4,524	5,266
overdraft	-18,609	-120,567	-63,904	237,444	10,272	2,635	0	0	0	0	0	0
change in cash	-125,623	390,533	-234,547	69,877	-10,272	-6,233	-2,178	-32,510	34,024	3,520	-4,524	5,266

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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THAMES STREET WORKS LTD group structure

Thames Street Works Ltd has no subsidiary companies.

Ultimate parent company

THAMES STREET WORKS LTD

07811892

THAMES STREET WORKS LTD Shareholders

sheldrake holdings ltd	50%
joe ayton whitmore	50%

Thames Street Works Ltd currently has 1 director, Mr Joe Whitmore serving since Mar 2020.

officer	country	age	start	end	role
Mr Joe Whitmore	England	33 years	Mar 2020	-	Director

P&L

December 2023

turnover

11.1m

+44%

operating profit

369.3k

gross margin

17.3%

+4.36%

turnover

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

Balance Sheet

December 2023

net assets

944.3k

+0.42%

total assets

cash

134.6k

-0.52%

net assets

Total assets minus all liabilities

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company number

07811892

Type

Private limited with Share Capital

industry

42990 - Construction of other civil engineering projects n.e.c.

incorporation date

October 2011

ultimate parent company

None

previous names

N/A

address

northside house 69 tweedy road, bromley, kent, BR1 3WA

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thames street works ltd Company Information

thames street works ltd Estimated Valuation

thames street works ltd Estimated Valuation

thames street works ltd Estimated Valuation

Thames Street Works Ltd Overview

Thames Street Works Ltd Health Check

THAMES STREET WORKS LTD financials

thames street works ltd Credit Report and Business Information

Thames Street Works Ltd Competitor Analysis

thames street works ltd Ownership

thames street works ltd directors

thames street works ltd company details

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