the thorns retirement home limited
the thorns retirement home limited Company Information
Company Number
08032677
Website
www.the-thorns.co.ukRegistered Address
18-22 northumberland street, morecambe, lancashire, LA4 4AX
Industry
Other human health activities
Telephone
01524822558
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
michaela nichol 33.3%
louise bates 16.7%
View Allthe thorns retirement home limited Estimated Valuation
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
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
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
5 Strong
4 Regular
3 Weak
Size
annual sales of £550.9k, make it in line with the average company (£684.8k)
- The Thorns Retirement Home Limited
£684.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (5.8%)
- The Thorns Retirement Home Limited
5.8% - Industry AVG
Production
with a gross margin of 36.2%, this company has a comparable cost of product (36.2%)
- The Thorns Retirement Home Limited
36.2% - Industry AVG
Profitability
an operating margin of -0.1% make it less profitable than the average company (5.6%)
- The Thorns Retirement Home Limited
5.6% - Industry AVG
Employees
with 19 employees, this is similar to the industry average (18)
19 - The Thorns Retirement Home Limited
18 - Industry AVG
Pay Structure
on an average salary of £25.2k, the company has an equivalent pay structure (£25.2k)
- The Thorns Retirement Home Limited
£25.2k - Industry AVG
Efficiency
resulting in sales per employee of £29k, this is less efficient (£46.3k)
- The Thorns Retirement Home Limited
£46.3k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (23 days)
- The Thorns Retirement Home Limited
23 days - Industry AVG
Creditor Days
its suppliers are paid after 44 days, this is slower than average (18 days)
- The Thorns Retirement Home Limited
18 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (10 days)
- The Thorns Retirement Home Limited
10 days - Industry AVG
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
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
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 House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 19 | 19 | 22 | 19 | 19 | 20 | 20 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 18,462 | 17,587 | 22,546 | 26,086 | 31,117 | 36,465 | 29,620 | 32,298 | 31,840 | 16,988 | 19,113 |
| Intangible Assets | 44,584 | 49,584 | 54,584 | 59,584 | 64,584 | 69,584 | 74,584 | 79,584 | 84,584 | 89,584 | 94,584 |
| Investments & Other | 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 |
| Total Fixed Assets | 63,046 | 67,171 | 77,130 | 85,670 | 95,701 | 106,049 | 104,204 | 111,882 | 116,424 | 106,572 | 113,697 |
| Stock & work in progress | 720 | 620 | 648 | 548 | 485 | 450 | 350 | 350 | 350 | 350 | 350 |
| Trade Debtors | 4,412 | 5,322 | 3,612 | 3,109 | 2,750 | 5,328 | 2,566 | 1,677 | 2,062 | 2,000 | 5,940 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 171,357 | 153,568 | 138,340 | 133,436 | 100,190 | 98,248 | 77,663 | 70,077 | 51,811 | 45,236 | 43,208 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 176,489 | 159,510 | 142,600 | 137,093 | 103,425 | 104,026 | 80,579 | 72,104 | 54,223 | 47,586 | 49,498 |
| total assets | 239,535 | 226,681 | 219,730 | 222,763 | 199,126 | 210,075 | 184,783 | 183,986 | 170,647 | 154,158 | 163,195 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 43,306 | 37,300 | 42,293 | 44,548 | 42,859 | 45,147 | 35,441 | 38,325 | 34,294 | 32,894 | 35,162 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 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 |
| total current liabilities | 43,306 | 37,300 | 42,293 | 44,548 | 42,859 | 45,147 | 35,441 | 38,325 | 34,294 | 32,894 | 35,162 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,645 | 11,309 | 16,114 | 21,381 |
| hp & lease commitments | 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 |
| other liabilities | 0 | 0 | 0 | 1,825 | 8,489 | 15,187 | 21,351 | 22,400 | 22,400 | 23,360 | 23,360 |
| provisions | 3,601 | 2,401 | 3,137 | 3,558 | 4,207 | 4,848 | 3,091 | 3,203 | 2,397 | 0 | 0 |
| total long term liabilities | 3,601 | 2,401 | 3,137 | 5,383 | 12,696 | 20,035 | 24,442 | 31,248 | 36,106 | 39,474 | 44,741 |
| total liabilities | 46,907 | 39,701 | 45,430 | 49,931 | 55,555 | 65,182 | 59,883 | 69,573 | 70,400 | 72,368 | 79,903 |
| net assets | 192,628 | 186,980 | 174,300 | 172,832 | 143,571 | 144,893 | 124,900 | 114,413 | 100,247 | 81,790 | 83,292 |
| total shareholders funds | 192,628 | 186,980 | 174,300 | 172,832 | 143,571 | 144,893 | 124,900 | 114,413 | 100,247 | 81,790 | 83,292 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 5,040 | 6,265 | 6,009 | 6,009 | 5,912 | 5,919 | 4,831 | 4,276 | 4,009 | 2,125 | 2,294 |
| Amortisation | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,416 |
| Tax | |||||||||||
| Stock | 100 | -28 | 100 | 63 | 35 | 100 | 0 | 0 | 0 | 0 | 350 |
| Debtors | -910 | 1,710 | 503 | 359 | -2,578 | 2,762 | 889 | -385 | 62 | -3,940 | 5,940 |
| Creditors | 6,006 | -4,993 | -2,255 | 1,689 | -2,288 | 9,706 | -2,884 | 4,031 | 1,400 | -2,268 | 35,162 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 1,200 | -736 | -421 | -649 | -641 | 1,757 | -112 | 806 | 2,397 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 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 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | -5,645 | -5,664 | -4,805 | -5,267 | 21,381 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -1,825 | -6,664 | -6,698 | -6,164 | -1,049 | 0 | -960 | 0 | 23,360 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | 17,789 | 15,228 | 4,904 | 33,246 | 1,942 | 20,585 | 7,586 | 18,266 | 6,575 | 2,028 | 43,208 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 17,789 | 15,228 | 4,904 | 33,246 | 1,942 | 20,585 | 7,586 | 18,266 | 6,575 | 2,028 | 43,208 |
the thorns retirement home limited Credit Report and Business Information
The Thorns Retirement Home Limited Competitor Analysis
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 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).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Bates | England | 66 years | Apr 2012 | - | Director |
| Mr Nigel Bates | England | 67 years | Apr 2012 | - | Director |
| Mrs Michaela Nichol | England | 69 years | Apr 2012 | - | Director |
P&L
September 2023turnover
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 2023net 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
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.
the thorns retirement home limited Companies House Filings - See Documents
| date | description | view/download |
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