the thorns retirement home limited

5

the thorns retirement home limited Company Information

Share THE THORNS RETIREMENT HOME LIMITED
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EstablishedSmallLow

Company Number

08032677

Registered Address

18-22 northumberland street, morecambe, lancashire, LA4 4AX

Industry

Other human health activities

 

Telephone

01524822558

Next Accounts Due

June 2025

Group Structure

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Directors

Peter Bates12 Years

Nigel Bates12 Years

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Shareholders

michaela nichol 33.3%

louise bates 16.7%

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the thorns retirement home limited Estimated Valuation

£300.5k

Pomanda estimates the enterprise value of THE THORNS RETIREMENT HOME LIMITED at £300.5k based on a Turnover of £550.9k and 0.55x industry multiple (adjusted for size and gross margin).

the thorns retirement home limited Estimated Valuation

£45.2k

Pomanda estimates the enterprise value of THE THORNS RETIREMENT HOME LIMITED at £45.2k based on an EBITDA of £9.4k and a 4.78x industry multiple (adjusted for size and gross margin).

the thorns retirement home limited Estimated Valuation

£457.7k

Pomanda estimates the enterprise value of THE THORNS RETIREMENT HOME LIMITED at £457.7k based on Net Assets of £192.6k and 2.38x industry multiple (adjusted for liquidity).

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The Thorns Retirement Home Limited Overview

The Thorns Retirement Home Limited is a live company located in lancashire, LA4 4AX with a Companies House number of 08032677. It operates in the other human health activities sector, SIC Code 86900. Founded in April 2012, it's largest shareholder is michaela nichol with a 33.3% stake. The Thorns Retirement Home Limited is a established, small sized company, Pomanda has estimated its turnover at £550.9k with low growth in recent years.

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The Thorns Retirement Home Limited Health Check

Pomanda's financial health check has awarded The Thorns Retirement Home Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

4 Regular

positive_score

3 Weak

size

Size

annual sales of £550.9k, make it in line with the average company (£684.8k)

£550.9k - The Thorns Retirement Home Limited

£684.8k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (5.8%)

1% - The Thorns Retirement Home Limited

5.8% - Industry AVG

production

Production

with a gross margin of 36.2%, this company has a comparable cost of product (36.2%)

36.2% - The Thorns Retirement Home Limited

36.2% - Industry AVG

profitability

Profitability

an operating margin of -0.1% make it less profitable than the average company (5.6%)

-0.1% - The Thorns Retirement Home Limited

5.6% - Industry AVG

employees

Employees

with 19 employees, this is similar to the industry average (18)

19 - The Thorns Retirement Home Limited

18 - Industry AVG

paystructure

Pay Structure

on an average salary of £25.2k, the company has an equivalent pay structure (£25.2k)

£25.2k - The Thorns Retirement Home Limited

£25.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £29k, this is less efficient (£46.3k)

£29k - The Thorns Retirement Home Limited

£46.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 2 days, this is earlier than average (23 days)

2 days - The Thorns Retirement Home Limited

23 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 44 days, this is slower than average (18 days)

44 days - The Thorns Retirement Home Limited

18 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 0 days, this is less than average (10 days)

0 days - The Thorns Retirement Home Limited

10 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 205 weeks, this is more cash available to meet short term requirements (111 weeks)

205 weeks - The Thorns Retirement Home Limited

111 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 19.6%, this is a lower level of debt than the average (25.4%)

19.6% - The Thorns Retirement Home Limited

25.4% - Industry AVG

THE THORNS RETIREMENT HOME LIMITED financials

EXPORTms excel logo

The Thorns Retirement Home Limited's latest turnover from September 2023 is estimated at £550.9 thousand and the company has net assets of £192.6 thousand. According to their latest financial statements, The Thorns Retirement Home Limited has 19 employees and maintains cash reserves of £171.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013
Turnover550,932527,557596,048528,139507,992527,712466,670166,261177,462176,334235,975
Other Income Or Grants00000000000
Cost Of Sales351,730332,658402,269343,966332,874349,099292,339102,870111,324110,007144,251
Gross Profit199,202194,900193,779184,173175,118178,613174,33163,39266,13766,32691,725
Admin Expenses199,794182,530192,103148,165177,184154,590161,39245,30742,41766,831-16,877
Operating Profit-59212,3701,67636,008-2,06624,02312,93918,08523,720-505108,602
Interest Payable0000001765308911,219695
Interest Receivable8,1233,284136117744660185152243221108
Pre-Tax Profit7,53115,6541,81236,125-1,32224,68312,94717,70823,071-1,502108,016
Tax-1,883-2,974-344-6,8640-4,690-2,460-3,541-4,6140-24,844
Profit After Tax5,64812,6801,46829,261-1,32219,99310,48714,16618,457-1,50283,172
Dividends Paid00000000000
Retained Profit5,64812,6801,46829,261-1,32219,99310,48714,16618,457-1,50283,172
Employee Costs479,552450,057502,612425,978420,493423,335416,517102,134106,053107,405149,840
Number Of Employees191922191920205557
EBITDA*9,44823,63512,68547,0178,84634,94222,77027,36132,7296,620116,312

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013
Tangible Assets18,46217,58722,54626,08631,11736,46529,62032,29831,84016,98819,113
Intangible Assets44,58449,58454,58459,58464,58469,58474,58479,58484,58489,58494,584
Investments & Other00000000000
Debtors (Due After 1 year)00000000000
Total Fixed Assets63,04667,17177,13085,67095,701106,049104,204111,882116,424106,572113,697
Stock & work in progress720620648548485450350350350350350
Trade Debtors4,4125,3223,6123,1092,7505,3282,5661,6772,0622,0005,940
Group Debtors00000000000
Misc Debtors00000000000
Cash171,357153,568138,340133,436100,19098,24877,66370,07751,81145,23643,208
misc current assets00000000000
total current assets176,489159,510142,600137,093103,425104,02680,57972,10454,22347,58649,498
total assets239,535226,681219,730222,763199,126210,075184,783183,986170,647154,158163,195
Bank overdraft00000000000
Bank loan00000000000
Trade Creditors 43,30637,30042,29344,54842,85945,14735,44138,32534,29432,89435,162
Group/Directors Accounts00000000000
other short term finances00000000000
hp & lease commitments00000000000
other current liabilities00000000000
total current liabilities43,30637,30042,29344,54842,85945,14735,44138,32534,29432,89435,162
loans00000005,64511,30916,11421,381
hp & lease commitments00000000000
Accruals and Deferred Income00000000000
other liabilities0001,8258,48915,18721,35122,40022,40023,36023,360
provisions3,6012,4013,1373,5584,2074,8483,0913,2032,39700
total long term liabilities3,6012,4013,1375,38312,69620,03524,44231,24836,10639,47444,741
total liabilities46,90739,70145,43049,93155,55565,18259,88369,57370,40072,36879,903
net assets192,628186,980174,300172,832143,571144,893124,900114,413100,24781,79083,292
total shareholders funds192,628186,980174,300172,832143,571144,893124,900114,413100,24781,79083,292
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013
Operating Activities
Operating Profit-59212,3701,67636,008-2,06624,02312,93918,08523,720-505108,602
Depreciation5,0406,2656,0096,0095,9125,9194,8314,2764,0092,1252,294
Amortisation5,0005,0005,0005,0005,0005,0005,0005,0005,0005,0005,416
Tax-1,883-2,974-344-6,8640-4,690-2,460-3,541-4,6140-24,844
Stock100-2810063351000000350
Debtors-9101,710503359-2,5782,762889-38562-3,9405,940
Creditors6,006-4,993-2,2551,689-2,2889,706-2,8844,0311,400-2,26835,162
Accruals and Deferred Income00000000000
Deferred Taxes & Provisions1,200-736-421-649-6411,757-1128062,39700
Cash flow from operations15,58113,2509,06240,7718,46038,85316,42529,04231,8508,292120,340
Investing Activities
capital expenditure-5,915-1,306-2,469-978-564-12,764-2,153-4,734-18,8610-121,407
Change in Investments00000000000
cash flow from investments-5,915-1,306-2,469-978-564-12,764-2,153-4,734-18,8610-121,407
Financing Activities
Bank loans00000000000
Group/Directors Accounts00000000000
Other Short Term Loans 00000000000
Long term loans000000-5,645-5,664-4,805-5,26721,381
Hire Purchase and Lease Commitments00000000000
other long term liabilities00-1,825-6,664-6,698-6,164-1,0490-960023,360
share issue0000000000120
interest8,1233,2841361177446609-378-648-998-587
cash flow from financing8,1233,284-1,689-6,547-5,954-5,504-6,685-6,042-6,413-6,26544,274
cash and cash equivalents
cash17,78915,2284,90433,2461,94220,5857,58618,2666,5752,02843,208
overdraft00000000000
change in cash17,78915,2284,90433,2461,94220,5857,58618,2666,5752,02843,208

the thorns retirement home limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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The Thorns Retirement Home Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for the thorns retirement home limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in LA4 area or any other competitors across 12 key performance metrics.

the thorns retirement home limited Ownership

THE THORNS RETIREMENT HOME LIMITED group structure

The Thorns Retirement Home Limited has no subsidiary companies.

Ultimate parent company

THE THORNS RETIREMENT HOME LIMITED

08032677

THE THORNS RETIREMENT HOME LIMITED Shareholders

michaela nichol 33.33%
louise bates 16.67%
nigel bates 16.67%
peter bates 16.67%
lee bates 16.67%

the thorns retirement home limited directors

The Thorns Retirement Home Limited currently has 3 directors. The longest serving directors include Mr Peter Bates (Apr 2012) and Mr Nigel Bates (Apr 2012).

officercountryagestartendrole
Mr Peter BatesEngland66 years Apr 2012- Director
Mr Nigel BatesEngland67 years Apr 2012- Director
Mrs Michaela NicholEngland69 years Apr 2012- Director

P&L

September 2023

turnover

550.9k

+4%

operating profit

-592.5

0%

gross margin

36.2%

-2.13%

turnover

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

Balance Sheet

September 2023

net assets

192.6k

+0.03%

total assets

239.5k

+0.06%

cash

171.4k

+0.12%

net assets

Total assets minus all liabilities

the thorns retirement home limited company details

company number

08032677

Type

Private limited with Share Capital

industry

86900 - Other human health activities

incorporation date

April 2012

age

12

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

September 2023

previous names

N/A

accountant

WATERS & ATKINSON

auditor

-

address

18-22 northumberland street, morecambe, lancashire, LA4 4AX

Bank

-

Legal Advisor

-

the thorns retirement home 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 the thorns retirement home limited.

charges

the thorns retirement home limited Companies House Filings - See Documents

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