thd realisations 2022 limited
thd realisations 2022 limited Company Information
Company Number
08226798
Website
www.thread.comRegistered Address
c/o interpath ltd, 10 fleet place, london, EC4M 7RB
Industry
Retail sale via mail order houses or via Internet
Telephone
-
Next Accounts Due
June 2024
Group Structure
View All
Directors
Kieran O'Neill11 Years
Shareholders
thread inc. 100%
thd realisations 2022 limited Estimated Valuation
Pomanda estimates the enterprise value of THD REALISATIONS 2022 LIMITED at £4.5m based on a Turnover of £14m and 0.32x industry multiple (adjusted for size and gross margin).
thd realisations 2022 limited Estimated Valuation
Pomanda estimates the enterprise value of THD REALISATIONS 2022 LIMITED at £0 based on an EBITDA of £-5.6m and a 5.08x industry multiple (adjusted for size and gross margin).
thd realisations 2022 limited Estimated Valuation
Pomanda estimates the enterprise value of THD REALISATIONS 2022 LIMITED at £0 based on Net Assets of £-40.9m and 1.98x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Thd Realisations 2022 Limited Overview
Thd Realisations 2022 Limited is a dissolved company that was located in london, EC4M 7RB with a Companies House number of 08226798. It operated in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in September 2012, it's largest shareholder was thread inc. with a 100% stake. The last turnover for Thd Realisations 2022 Limited was estimated at £14m.
Upgrade for unlimited company reports & a free credit check
Thd Realisations 2022 Limited Health Check
Pomanda's financial health check has awarded Thd Realisations 2022 Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £14m, make it larger than the average company (£674.3k)
£14m - Thd Realisations 2022 Limited
£674.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 41%, show it is growing at a faster rate (6.3%)
- Thd Realisations 2022 Limited
6.3% - Industry AVG
Production
with a gross margin of 38.3%, this company has a comparable cost of product (34.9%)
38.3% - Thd Realisations 2022 Limited
34.9% - Industry AVG
Profitability
an operating margin of -40% make it less profitable than the average company (4.9%)
-40% - Thd Realisations 2022 Limited
4.9% - Industry AVG
Employees
with 69 employees, this is above the industry average (12)
69 - Thd Realisations 2022 Limited
12 - Industry AVG
Pay Structure
on an average salary of £69k, the company has a higher pay structure (£27.9k)
£69k - Thd Realisations 2022 Limited
£27.9k - Industry AVG
Efficiency
resulting in sales per employee of £203.3k, this is equally as efficient (£192.6k)
£203.3k - Thd Realisations 2022 Limited
£192.6k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (24 days)
2 days - Thd Realisations 2022 Limited
24 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (37 days)
28 days - Thd Realisations 2022 Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 76 days, this is in line with average (68 days)
76 days - Thd Realisations 2022 Limited
68 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (24 weeks)
4 weeks - Thd Realisations 2022 Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 718%, this is a higher level of debt than the average (70.4%)
718% - Thd Realisations 2022 Limited
70.4% - Industry AVG
THD REALISATIONS 2022 LIMITED financials
Thd Realisations 2022 Limited's latest turnover from December 2020 is £14 million and the company has net assets of -£40.9 million. According to their latest financial statements, Thd Realisations 2022 Limited has 69 employees and maintains cash reserves of £4.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 14,028,606 | 11,371,066 | ||||||
| Other Income Or Grants | 0 | 0 | ||||||
| Cost Of Sales | 8,658,337 | 6,882,504 | ||||||
| Gross Profit | 5,370,269 | 4,488,562 | ||||||
| Admin Expenses | 10,983,081 | 12,403,051 | ||||||
| Operating Profit | -5,612,812 | -7,914,489 | ||||||
| Interest Payable | 769,631 | 720,634 | ||||||
| Interest Receivable | 0 | 0 | ||||||
| Pre-Tax Profit | -6,382,443 | -8,635,123 | ||||||
| Tax | 632,429 | 847,566 | ||||||
| Profit After Tax | -5,750,014 | -7,787,557 | ||||||
| Dividends Paid | 0 | 0 | ||||||
| Retained Profit | -5,750,014 | -7,787,557 | ||||||
| Employee Costs | 4,760,715 | 5,304,494 | ||||||
| Number Of Employees | 69 | 83 | 94 | 61 | 40 | 31 | ||
| EBITDA* | -5,563,365 | -7,835,998 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 23,466 | 72,832 | 125,573 | 116,105 | 124,489 | 80,686 | 26,648 | 6,564 |
| Intangible Assets | 2,633 | 3,569 | 4,506 | 5,442 | 6,378 | 7,314 | 8,251 | 9,187 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 331,650 | 361,980 | 396,060 | 396,060 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 357,749 | 438,381 | 526,139 | 517,607 | 130,867 | 88,000 | 34,899 | 15,751 |
| Stock & work in progress | 1,825,468 | 2,630,754 | 2,296,279 | 1,074,554 | 116,389 | 110,366 | 13,621 | 76,863 |
| Trade Debtors | 85,433 | 81,625 | 160,988 | 157,286 | 106,872 | 35,376 | 355,238 | 106,805 |
| Group Debtors | 0 | 0 | 0 | 2,214 | 0 | 0 | 0 | 0 |
| Misc Debtors | 145,567 | 288,729 | 269,198 | 530,528 | 366,420 | 422,287 | 0 | 0 |
| Cash | 4,200,322 | 2,171,843 | 910,682 | 9,479,822 | 1,488,655 | 986,465 | 3,251,914 | 535,138 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,256,790 | 5,172,951 | 3,637,147 | 11,244,404 | 2,078,336 | 1,554,494 | 3,620,773 | 718,806 |
| total assets | 6,614,539 | 5,611,332 | 4,163,286 | 11,762,011 | 2,209,203 | 1,642,494 | 3,655,672 | 734,557 |
| Bank overdraft | 515,452 | 235,188 | 94,883 | 0 | 0 | 167,352 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 684,125 | 1,041,948 | 960,080 | 752,477 | 58,619 | 210,166 | 182,867 | 28,244 |
| Group/Directors Accounts | 39,472,807 | 32,155,071 | 26,597,423 | 24,691,833 | 0 | 0 | 0 | 0 |
| other short term finances | 3,096,031 | 2,632,423 | 1,009,641 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,235,189 | 1,247,580 | 818,120 | 524,481 | 1,207,818 | 104,337 | 0 | 0 |
| total current liabilities | 46,003,604 | 37,312,210 | 29,480,147 | 25,968,791 | 1,266,437 | 481,855 | 182,867 | 28,244 |
| loans | 1,486,962 | 3,425,135 | 2,021,598 | 2,345,669 | 12,727,976 | 6,714,664 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 6,381,294 | 1,503,664 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,486,962 | 3,425,135 | 2,021,598 | 2,345,669 | 12,727,976 | 6,714,664 | 6,381,294 | 1,503,664 |
| total liabilities | 47,490,566 | 40,737,345 | 31,501,745 | 28,314,460 | 13,994,413 | 7,196,519 | 6,564,161 | 1,531,908 |
| net assets | -40,876,027 | -35,126,013 | -27,338,459 | -16,552,449 | -11,785,210 | -5,554,025 | -2,908,489 | -797,351 |
| total shareholders funds | -40,876,027 | -35,126,013 | -27,338,459 | -16,552,449 | -11,785,210 | -5,554,025 | -2,908,489 | -797,351 |
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -5,612,812 | -7,914,489 | ||||||
| Depreciation | 48,511 | 77,555 | 85,776 | 53,176 | 38,929 | 8,193 | 3,141 | |
| Amortisation | 936 | 936 | 936 | 936 | 937 | 936 | 177 | |
| Tax | 632,429 | 847,566 | ||||||
| Stock | -805,286 | 334,475 | 1,221,725 | 958,165 | 6,023 | 96,745 | -63,242 | 76,863 |
| Debtors | -169,684 | -93,912 | -259,842 | 612,796 | 15,629 | 102,425 | 248,433 | 106,805 |
| Creditors | -357,823 | 81,868 | 207,603 | 693,858 | -151,547 | 27,299 | 154,623 | 28,244 |
| Accruals and Deferred Income | 987,609 | 429,460 | 293,639 | -683,337 | 1,103,481 | 104,337 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -3,326,180 | -6,717,667 | ||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 7,317,736 | 5,557,648 | 1,905,590 | 24,691,833 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 463,608 | 1,622,782 | 1,009,641 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -1,938,173 | 1,403,537 | -324,071 | -10,382,307 | 6,013,312 | 6,714,664 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -6,381,294 | 4,877,630 | 1,503,664 |
| share issue | ||||||||
| interest | -769,631 | -720,634 | ||||||
| cash flow from financing | 5,073,540 | 7,863,336 | ||||||
| cash and cash equivalents | ||||||||
| cash | 2,028,479 | 1,261,161 | -8,569,140 | 7,991,167 | 502,190 | -2,265,449 | 2,716,776 | 535,138 |
| overdraft | 280,264 | 140,305 | 94,883 | 0 | -167,352 | 167,352 | 0 | 0 |
| change in cash | 1,748,215 | 1,120,856 | -8,664,023 | 7,991,167 | 669,542 | -2,432,801 | 2,716,776 | 535,138 |
thd realisations 2022 limited Credit Report and Business Information
Thd Realisations 2022 Limited Competitor Analysis
Perform a competitor analysis for thd realisations 2022 limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
thd realisations 2022 limited Ownership
THD REALISATIONS 2022 LIMITED group structure
Thd Realisations 2022 Limited has no subsidiary companies.
Ultimate parent company
THREAD INC
#0085953
2 parents
THD REALISATIONS 2022 LIMITED
08226798
thd realisations 2022 limited directors
Thd Realisations 2022 Limited currently has 1 director, Mr Kieran O'Neill serving since Sep 2012.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kieran O'Neill | United Kingdom | 36 years | Sep 2012 | - | Director |
P&L
December 2020turnover
14m
+23%
operating profit
-5.6m
-29%
gross margin
38.3%
-3.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
-40.9m
+0.16%
total assets
6.6m
+0.18%
cash
4.2m
+0.93%
net assets
Total assets minus all liabilities
Similar Companies
thd realisations 2022 limited company details
company number
08226798
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
incorporation date
September 2012
age
12
accounts
Full Accounts
ultimate parent company
previous names
thread online ltd (December 2022)
incorporated
UK
address
c/o interpath ltd, 10 fleet place, london, EC4M 7RB
last accounts submitted
December 2020
thd realisations 2022 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 3 charges/mortgages relating to thd realisations 2022 limited. Currently there are 2 open charges and 1 have been satisfied in the past.
thd realisations 2022 limited Companies House Filings - See Documents
| date | description | view/download |
|---|
