Pomanda estimates the enterprise value of THARSUS GROUP LIMITED at £63.8m based on a Turnover of £50.9m and 1.25x industry multiple (adjusted for size and gross margin).
tharsus group limitedEstimated Valuation
£13.9m
Pomanda estimates the enterprise value of THARSUS GROUP LIMITED at £13.9m based on an EBITDA of £1.7m and a 8.4x industry multiple (adjusted for size and gross margin).
tharsus group limitedEstimated Valuation
£34.9m
Pomanda estimates the enterprise value of THARSUS GROUP LIMITED at £34.9m based on Net Assets of £16.3m and 2.14x industry multiple (adjusted for liquidity).
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Tharsus Group LimitedOverview
Tharsus Group Limited is a live company located in blyth, NE24 5TF with a Companies House number of 08012006. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in March 2012, it's largest shareholder is
brian andrew palmer
with a 84% stake. Tharsus Group Limited is a established,
large sized company, Pomanda has estimated its turnover at
£50.9m with
declining
growth in recent years.
Pomanda's financial health check has awarded Tharsus Group Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
6 Strong
2 Regular
4 Weak
Size
annual sales of £50.9m, make it larger than the average company (£13.2m)
£50.9m - Tharsus Group Limited
£13.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (5.2%)
-14% - Tharsus Group Limited
5.2% - Industry AVG
Production
with a gross margin of 21.3%, this company has a higher cost of product (30.2%)
21.3% - Tharsus Group Limited
30.2% - Industry AVG
Profitability
an operating margin of 2.1% make it less profitable than the average company (6.3%)
2.1% - Tharsus Group Limited
6.3% - Industry AVG
Employees
with 297 employees, this is above the industry average (69)
297 - Tharsus Group Limited
69 - Industry AVG
Pay Structure
on an average salary of £46.2k, the company has an equivalent pay structure (£41.3k)
£46.2k - Tharsus Group Limited
£41.3k - Industry AVG
Efficiency
resulting in sales per employee of £171.3k, this is equally as efficient (£175.9k)
£171.3k - Tharsus Group Limited
£175.9k - Industry AVG
Debtor Days
it gets paid by customers after 29 days, this is earlier than average (55 days)
29 days - Tharsus Group Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 27 days, this is quicker than average (43 days)
27 days - Tharsus Group Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 28 days, this is less than average (69 days)
28 days - Tharsus Group Limited
69 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 57 weeks, this is more cash available to meet short term requirements (13 weeks)
57 weeks - Tharsus Group Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 38.3%, this is a lower level of debt than the average (49.2%)
38.3% - Tharsus Group Limited
49.2% - Industry AVG
THARSUS GROUP LIMITED financials
EXPORT
Tharsus Group Limited's latest turnover from November 2023 is £50.9 million and the company has net assets of £16.3 million. According to their latest financial statements, Tharsus Group Limited has 297 employees and maintains cash reserves of £9.3 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Nov 2014
Nov 2013
Mar 2013
Nov 2012
Turnover
50,873,490
77,314,139
90,424,244
80,990,887
58,301,338
51,178,022
27,666,540
20,598,069
12,296,951
13,169,348
9,577,552
10,417,620
Other Income Or Grants
Cost Of Sales
40,014,322
64,564,455
73,727,647
67,456,435
47,213,340
42,694,020
20,639,939
13,936,071
7,571,603
8,592,094
6,046,658
7,200,939
Gross Profit
10,859,168
12,749,684
16,696,597
13,534,452
11,087,998
8,484,002
7,026,601
6,661,998
4,725,348
4,577,254
3,530,894
3,216,681
Admin Expenses
9,777,004
10,490,072
12,095,538
8,958,655
8,552,302
7,683,996
6,180,969
5,745,739
4,813,837
4,104,371
3,138,028
2,963,112
Operating Profit
1,082,164
2,259,612
4,601,059
4,575,797
2,535,696
800,006
845,632
916,259
-88,489
472,883
392,866
253,569
Interest Payable
124,827
69,110
95,569
105,666
91,734
64,358
61,346
47,387
57,250
59,542
46,332
45,476
Interest Receivable
46,303
15,948
2,203
67
80
6,557
23
167
Pre-Tax Profit
1,003,640
-617,774
4,505,490
4,486,079
2,446,165
735,648
784,353
868,952
-139,182
229,137
346,557
500,001
208,260
Tax
-137,565
573,606
-552,296
-100,363
102,212
272,891
327,799
293,075
458,249
424,593
178,511
88,181
Profit After Tax
866,075
-44,168
3,953,194
4,385,716
2,548,377
1,008,539
1,112,152
1,162,027
319,067
653,730
525,068
500,001
296,441
Dividends Paid
1,500,000
750,000
Retained Profit
866,075
-44,168
2,453,194
3,635,716
2,548,377
1,008,539
1,112,152
1,162,027
319,067
653,730
525,068
500,001
296,441
Employee Costs
13,732,303
15,372,614
15,645,475
13,820,768
10,681,918
8,570,190
6,742,878
5,951,024
4,859,829
4,128,506
3,689,543
31,471
3,696,911
Number Of Employees
297
372
402
362
292
248
215
202
160
146
136
1
129
EBITDA*
1,656,007
2,897,321
5,155,875
5,077,902
2,888,370
1,084,717
1,218,708
1,388,473
310,698
878,737
727,875
494,596
* Earnings Before Interest, Tax, Depreciation and Amortisation
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Nov 2014
Nov 2013
Mar 2013
Nov 2012
Tangible Assets
6,320,883
6,404,878
5,943,410
5,928,316
5,831,798
4,520,863
4,006,460
3,540,179
2,504,095
2,580,100
2,925,202
1,956,839
Intangible Assets
1,147,592
233,359
327,836
164,970
93,306
335,108
216,623
357,390
281,280
Investments & Other
800,000
Debtors (Due After 1 year)
Total Fixed Assets
7,468,475
6,638,237
6,271,246
6,093,286
5,831,798
4,520,863
4,006,460
3,633,485
2,839,203
2,796,723
3,282,592
800,000
2,238,119
Stock & work in progress
3,077,200
7,341,646
11,655,298
9,954,604
5,154,939
7,093,256
4,933,956
3,954,611
3,584,241
1,000,764
1,103,199
1,349,414
Trade Debtors
4,167,244
11,143,195
10,785,185
6,778,008
8,118,419
8,756,761
4,350,526
3,557,914
2,231,754
2,121,151
1,263,084
1,724,583
Group Debtors
Misc Debtors
2,340,335
5,783,954
2,806,618
2,409,697
2,073,151
3,709,739
1,531,642
957,199
1,055,127
968,385
234,280
1
215,131
Cash
9,321,569
13,540,638
21,291,028
18,293,074
10,666,481
6,148,217
530,102
997,050
1,015,217
527,866
276,196
197,356
misc current assets
152,154
total current assets
18,906,348
37,809,433
46,538,129
37,435,383
26,012,990
25,707,973
11,346,226
9,466,774
7,886,339
4,770,320
2,876,759
1
3,486,484
total assets
26,374,823
44,447,670
52,809,375
43,528,669
31,844,788
30,228,836
15,352,686
13,100,259
10,725,542
7,567,043
6,159,351
800,001
5,724,603
Bank overdraft
633,441
Bank loan
643,764
93,971
114,499
1,038,266
102,692
80,113
76,552
80,661
132,253
142,254
481,857
583,909
Trade Creditors
3,021,805
7,398,504
7,916,684
12,602,926
7,640,710
9,998,158
4,479,622
2,511,499
2,247,929
1,574,850
986,201
1,618,901
Group/Directors Accounts
other short term finances
998,674
819,969
667,382
hp & lease commitments
144,768
273,375
289,634
299,565
207,189
72,255
38,211
17,306
30,659
58,061
89,997
103,961
other current liabilities
4,586,676
18,776,154
26,542,271
14,935,099
12,037,574
10,326,177
2,490,764
3,535,813
3,289,719
1,243,192
703,228
352,399
total current liabilities
8,397,013
26,542,004
34,863,088
28,875,856
19,988,165
21,475,377
7,905,118
6,812,661
6,334,001
3,018,357
2,261,283
2,659,170
loans
689,901
1,353,035
1,395,113
636,178
1,677,056
1,086,039
1,164,975
1,236,952
846,051
644,831
762,284
288,424
hp & lease commitments
112,298
137,466
410,838
700,468
677,962
453,189
118,669
8,005
25,311
14,330
57,974
150,934
Accruals and Deferred Income
other liabilities
385,066
385,066
385,066
385,066
385,066
385,066
provisions
889,815
732,537
854,012
483,037
304,191
180,128
138,360
129,229
153,860
175,281
17,296
90,627
total long term liabilities
1,692,014
2,223,038
2,659,963
1,819,683
2,659,209
2,104,422
1,807,070
1,759,252
1,025,222
1,219,508
1,222,620
915,051
total liabilities
10,089,027
28,765,042
37,523,051
30,695,539
22,647,374
23,579,799
9,712,188
8,571,913
7,359,223
4,237,865
3,483,903
3,574,221
net assets
16,285,796
15,682,628
15,286,324
12,833,130
9,197,414
6,649,037
5,640,498
4,528,346
3,366,319
3,329,178
2,675,448
800,001
2,150,382
total shareholders funds
16,285,796
15,682,628
15,286,324
12,833,130
9,197,414
6,649,037
5,640,498
4,528,346
3,366,319
3,329,178
2,675,448
800,001
2,150,382
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Nov 2014
Nov 2013
Mar 2013
Nov 2012
Operating Activities
Operating Profit
1,082,164
2,259,612
4,601,059
4,575,797
2,535,696
800,006
845,632
916,259
-88,489
472,883
392,866
253,569
Depreciation
444,529
485,761
491,839
478,145
352,674
284,711
279,770
230,412
259,525
265,087
248,461
194,925
Amortisation
129,314
151,948
62,977
23,960
93,306
241,802
139,662
140,767
86,548
46,102
Tax
-137,565
573,606
-552,296
-100,363
102,212
272,891
327,799
293,075
458,249
424,593
178,511
88,181
Stock
-4,264,446
-4,313,652
1,700,694
4,799,665
-1,938,317
2,159,300
979,345
370,370
2,583,477
-102,435
-246,215
-1,349,414
1,349,414
Debtors
-10,419,570
3,335,346
4,404,098
-1,003,865
-2,274,930
6,584,332
1,367,055
1,228,232
197,345
1,592,172
-442,350
-1,939,713
1,939,714
Creditors
-4,376,699
-518,180
-4,686,242
4,962,216
-2,357,448
5,518,536
1,968,123
263,570
673,079
588,649
-632,700
-1,618,901
1,618,901
Accruals and Deferred Income
-14,189,478
-7,766,117
11,607,172
2,897,525
1,711,397
7,835,413
-1,045,049
246,094
2,046,527
539,964
350,829
-352,399
352,399
Deferred Taxes & Provisions
157,278
-121,475
370,975
178,846
124,063
41,768
9,131
-24,631
-21,421
157,985
-73,331
-90,627
90,627
Cash flow from operations
-2,206,441
-3,956,539
5,790,692
9,220,326
6,681,841
6,009,693
132,312
567,979
686,310
1,100,191
1,239,749
1,227,200
-644,424
Investing Activities
capital expenditure
-388,853
-567,601
-1,265,454
-257,839
-260,660
-1,379,483
2,238,119
-448,169
Change in Investments
800,000
cash flow from investments
-388,853
-567,601
-1,265,454
-257,839
-260,660
-1,379,483
1,438,119
-448,169
Financing Activities
Bank loans
549,793
-20,528
-923,767
935,574
22,579
3,561
-4,109
-51,592
-10,001
-339,603
-102,052
-583,909
583,909
Group/Directors Accounts
Other Short Term Loans
-998,674
178,705
152,587
667,382
Long term loans
-663,134
-42,078
758,935
-1,040,878
591,017
-78,936
-71,977
390,901
201,220
-117,453
473,860
-288,424
288,424
Hire Purchase and Lease Commitments
-153,775
-289,631
-299,561
114,882
359,707
368,564
131,569
-30,659
-16,421
-75,580
-106,924
-254,895
254,895
other long term liabilities
-385,066
385,066
-385,066
-385,066
385,066
share issue
-262,907
440,472
-281,926
-2
-1,850,382
1,853,941
interest
-78,524
-69,110
-95,569
-89,718
-89,531
-64,358
-61,279
-47,307
-50,693
-59,542
-46,309
-45,309
cash flow from financing
-608,547
19,125
-559,962
-80,140
-499,968
407,536
146,791
1,313,791
-542,887
-592,178
218,573
-3,362,676
3,320,926
cash and cash equivalents
cash
-4,219,069
-7,750,390
2,997,954
7,626,593
4,518,264
5,618,115
-466,948
-18,167
487,351
251,670
78,840
-197,356
197,356
overdraft
-633,441
633,441
change in cash
-4,219,069
-7,750,390
2,997,954
7,626,593
4,518,264
5,618,115
-466,948
615,274
-146,090
251,670
78,840
-197,356
197,356
tharsus group limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for tharsus group limited. Get real-time insights into tharsus group limited's credit score, group structure and payment trends.
Perform a competitor analysis for tharsus group limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in NE24 area or any other competitors across 12 key performance metrics.
birmayne house cowley road, blyth riverside business park, blyth, northumberland, NE24 5TF
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
SQUARE ONE LAW LLP
tharsus group 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 did not find charges/mortgages relating to tharsus group limited.
tharsus group 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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tharsus group limitedCompanies House Filings - See Documents
