throgmorton assets plc

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throgmorton assets plc Company Information

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EstablishedMidLow

Company Number

09082034

Website

-

Registered Address

drapers' hall, throgmorton avenue, london, EC2N 2DQ

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

 

Telephone

-

Next Accounts Due

January 2025

Group Structure

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Directors

Richard Winstanley10 Years

David Sumner10 Years

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Shareholders

master & wardens & brethren & sisters of the guild or fraternity of the blessed mary the virgin of the mystery of draprers of 100%

throgmorton assets plc Estimated Valuation

£22.2m

Pomanda estimates the enterprise value of THROGMORTON ASSETS PLC at £22.2m based on a Turnover of £6m and 3.68x industry multiple (adjusted for size and gross margin).

throgmorton assets plc Estimated Valuation

£39.4m

Pomanda estimates the enterprise value of THROGMORTON ASSETS PLC at £39.4m based on an EBITDA of £5m and a 7.81x industry multiple (adjusted for size and gross margin).

throgmorton assets plc Estimated Valuation

£250.2m

Pomanda estimates the enterprise value of THROGMORTON ASSETS PLC at £250.2m based on Net Assets of £157.9m and 1.58x industry multiple (adjusted for liquidity).

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Throgmorton Assets Plc Overview

Throgmorton Assets Plc is a live company located in london, EC2N 2DQ with a Companies House number of 09082034. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in June 2014, it's largest shareholder is master & wardens & brethren & sisters of the guild or fraternity of the blessed mary the virgin of the mystery of draprers of with a 100% stake. Throgmorton Assets Plc is a established, mid sized company, Pomanda has estimated its turnover at £6m with low growth in recent years.

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Throgmorton Assets Plc Health Check

Pomanda's financial health check has awarded Throgmorton Assets Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

3 Regular

positive_score

1 Weak

size

Size

annual sales of £6m, make it larger than the average company (£829.5k)

£6m - Throgmorton Assets Plc

£829.5k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (2.4%)

1% - Throgmorton Assets Plc

2.4% - Industry AVG

production

Production

with a gross margin of 73.6%, this company has a comparable cost of product (73.6%)

73.6% - Throgmorton Assets Plc

73.6% - Industry AVG

profitability

Profitability

an operating margin of 83.8% make it more profitable than the average company (26.6%)

83.8% - Throgmorton Assets Plc

26.6% - Industry AVG

employees

Employees

with 35 employees, this is above the industry average (4)

35 - Throgmorton Assets Plc

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £31.2k, the company has an equivalent pay structure (£31.2k)

£31.2k - Throgmorton Assets Plc

£31.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £172.1k, this is equally as efficient (£176.4k)

£172.1k - Throgmorton Assets Plc

£176.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 22 days, this is earlier than average (32 days)

22 days - Throgmorton Assets Plc

32 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 85 days, this is slower than average (35 days)

85 days - Throgmorton Assets Plc

35 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Throgmorton Assets Plc

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 61 weeks, this is more cash available to meet short term requirements (14 weeks)

61 weeks - Throgmorton Assets Plc

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 17.7%, this is a lower level of debt than the average (68.5%)

17.7% - Throgmorton Assets Plc

68.5% - Industry AVG

THROGMORTON ASSETS PLC financials

EXPORTms excel logo

Throgmorton Assets Plc's latest turnover from July 2023 is £6 million and the company has net assets of £157.9 million. According to their latest financial statements, we estimate that Throgmorton Assets Plc has 35 employees and maintains cash reserves of £2.4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015
Turnover6,024,7825,444,7805,034,6875,836,7595,758,3656,037,0214,998,8525,180,3093,604,620
Other Income Or Grants000000000
Cost Of Sales1,591,8291,558,0301,502,9081,637,7331,723,7991,602,1091,278,5821,366,7641,217,609
Gross Profit4,432,9533,886,7503,531,7794,199,0264,034,5664,434,9123,720,2703,813,5452,387,011
Admin Expenses-615,955-1,205,372-1,309,284-1,263,182-1,428,112-1,174,943-773,836-9,546,076-1,155,297
Operating Profit5,048,9085,092,1224,841,0635,462,2085,462,6785,609,8554,494,10613,359,6213,542,308
Interest Payable871,200871,200871,200871,200871,411874,347871,200871,200568,700
Interest Receivable003,14574,846143,60580,28242,43879,10153,126
Pre-Tax Profit-7,685,9334,399,14020,758,524-2,284,7718,468,95013,624,30917,115,49812,938,0915,901,331
Tax2,827,702-4,116,521-2,028,038433,451-2,735,740-1,211,950-1,369,333-1,529,605-2,188,002
Profit After Tax-4,858,231282,61918,730,486-1,851,3205,733,21012,412,35915,746,16511,408,4863,713,329
Dividends Paid7,089,6413,867,0767,734,15203,867,0763,867,0763,867,0762,000,0000
Retained Profit-11,947,872-3,584,45710,996,334-1,851,3201,866,1348,545,28311,879,0899,408,4863,713,329
Employee Costs1,091,8111,042,2231,021,2301,127,8591,072,6491,187,9561,022,831963,189574,961
Number Of Employees353537413844403722
EBITDA*5,048,9085,092,1224,841,0635,462,2085,462,6785,609,8554,494,10613,359,6213,542,308

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015
Tangible Assets000000000
Intangible Assets000000000
Investments & Other187,200,731201,808,360201,559,621182,763,844189,699,469180,502,329177,110,361163,599,099141,478,382
Debtors (Due After 1 year)287,75693,5070000000
Total Fixed Assets187,488,487201,901,867201,559,621182,763,844189,699,469180,502,329177,110,361163,599,099141,478,382
Stock & work in progress000000000
Trade Debtors363,676363,974460,672564,64645,843208,0915,0970105,250
Group Debtors764,6042,794,8142,358,1943,936,560068,6880954,6551,531,189
Misc Debtors804,116544,337426,665339,435377,7675,827,843324,225330,927251,967
Cash2,371,739919,230867,3125,117,8135,238,2894,804,5504,335,9543,919,27714,635,045
misc current assets000000000
total current assets4,304,1354,622,3554,112,8439,958,4545,661,89910,909,1724,665,2765,204,85916,523,451
total assets191,792,622206,524,222205,672,464192,722,298195,361,368191,411,501181,775,637168,803,958158,001,833
Bank overdraft000000000
Bank loan000000000
Trade Creditors 374,16876,6101,63123,6437,934035,35432,36216,764
Group/Directors Accounts0000131,780265,065285,75800
other short term finances000000000
hp & lease commitments000000000
other current liabilities1,615,8971,963,8021,693,5261,780,1671,841,3071,971,0961,630,1732,063,1001,334,778
total current liabilities1,990,0652,040,4121,695,1571,803,8101,981,0212,236,1611,951,2852,095,4621,351,542
loans22,000,00022,000,00022,000,00022,000,00022,000,00022,000,00022,000,00022,000,00022,000,000
hp & lease commitments000000000
Accruals and Deferred Income000000000
other liabilities000000000
provisions9,874,98812,608,3698,517,4096,454,9247,065,4634,726,5903,920,8852,684,1182,034,399
total long term liabilities31,874,98834,608,36930,517,40928,454,92429,065,46326,726,59025,920,88524,684,11824,034,399
total liabilities33,865,05336,648,78132,212,56630,258,73431,046,48428,962,75127,872,17026,779,58025,385,941
net assets157,927,569169,875,441173,459,898162,463,564164,314,884162,448,750153,903,467142,024,378132,615,892
total shareholders funds157,927,569169,875,441173,459,898162,463,564164,314,884162,448,750153,903,467142,024,378132,615,892
Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015
Operating Activities
Operating Profit5,048,9085,092,1224,841,0635,462,2085,462,6785,609,8554,494,10613,359,6213,542,308
Depreciation000000000
Amortisation000000000
Tax2,827,702-4,116,521-2,028,038433,451-2,735,740-1,211,950-1,369,333-1,529,605-2,188,002
Stock000000000
Debtors-1,576,480551,101-1,595,1104,417,031-5,681,0125,775,300-956,260-602,8241,888,406
Creditors297,55874,979-22,01215,7097,934-35,3542,99215,59816,764
Accruals and Deferred Income-347,905270,276-86,641-61,140-129,789340,923-432,927728,3221,334,778
Deferred Taxes & Provisions-2,733,3814,090,9602,062,485-610,5392,338,873805,7051,236,767649,7192,034,399
Cash flow from operations6,669,3624,860,7156,361,967822,65810,624,968-266,1214,887,86513,826,4792,851,841
Investing Activities
capital expenditure00000-6,156,597-2,924,748-6,777,324-138,603,785
Change in Investments-14,607,629248,73918,795,777-6,935,6259,197,1403,391,96813,511,26222,120,717141,478,382
cash flow from investments14,607,629-248,739-18,795,7776,935,625-9,197,140-9,548,565-16,436,010-28,898,041-280,082,167
Financing Activities
Bank loans000000000
Group/Directors Accounts000-131,780-133,285-20,693285,75800
Other Short Term Loans 000000000
Long term loans0000000022,000,000
Hire Purchase and Lease Commitments000000000
other long term liabilities000000000
share issue00000000128,902,563
interest-871,200-871,200-868,055-796,354-727,806-794,065-828,762-792,099-515,574
cash flow from financing-871,200-871,200-868,055-928,134-861,091-814,758-543,004-792,099150,386,989
cash and cash equivalents
cash1,452,50951,918-4,250,501-120,476433,739468,596416,677-10,715,76814,635,045
overdraft000000000
change in cash1,452,50951,918-4,250,501-120,476433,739468,596416,677-10,715,76814,635,045

throgmorton assets plc 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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Throgmorton Assets Plc Competitor Analysis

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Perform a competitor analysis for throgmorton assets plc by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other mid companies, companies in EC2N area or any other competitors across 12 key performance metrics.

throgmorton assets plc Ownership

THROGMORTON ASSETS PLC group structure

Throgmorton Assets Plc has no subsidiary companies.

Ultimate parent company

THROGMORTON ASSETS PLC

09082034

THROGMORTON ASSETS PLC Shareholders

master & wardens & brethren & sisters of the guild or fraternity of the blessed mary the virgin of the mystery of draprers of 100%

throgmorton assets plc directors

Throgmorton Assets Plc currently has 4 directors. The longest serving directors include Colonel Richard Winstanley (Jun 2014) and Mr David Sumner (Jun 2014).

officercountryagestartendrole
Colonel Richard Winstanley60 years Jun 2014- Director
Mr David SumnerUnited Kingdom53 years Jun 2014- Director
Mr William CharnleyUnited Kingdom64 years Jun 2014- Director
Mr Timothy OrchardEngland61 years Jul 2021- Director

P&L

July 2023

turnover

6m

+11%

operating profit

5m

-1%

gross margin

73.6%

+3.07%

turnover

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

Balance Sheet

July 2023

net assets

157.9m

-0.07%

total assets

191.8m

-0.07%

cash

2.4m

+1.58%

net assets

Total assets minus all liabilities

throgmorton assets plc company details

company number

09082034

Type

Public limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

June 2014

age

10

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

July 2023

previous names

N/A

accountant

-

auditor

SAFFERY LLP

address

drapers' hall, throgmorton avenue, london, EC2N 2DQ

Bank

-

Legal Advisor

-

throgmorton assets plc 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 throgmorton assets plc.

charges

throgmorton assets plc Companies House Filings - See Documents

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