throgmorton assets plc Company Information
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
View All
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
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
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
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
7 Strong
3 Regular
1 Weak
Size
annual sales of £6m, make it larger than the average company (£829.5k)
£6m - Throgmorton Assets Plc
£829.5k - Industry AVG
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
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
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
with 35 employees, this is above the industry average (4)
- Throgmorton Assets Plc
4 - Industry AVG
Pay Structure
on an average salary of £31.2k, the company has an equivalent pay structure (£31.2k)
- Throgmorton Assets Plc
£31.2k - Industry AVG
Efficiency
resulting in sales per employee of £172.1k, this is equally as efficient (£176.4k)
- Throgmorton Assets Plc
£176.4k - Industry AVG
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
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
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Throgmorton Assets Plc
- - Industry AVG
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
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
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 House, Pomanda Estimates
Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | |
---|---|---|---|---|---|---|---|---|---|
Turnover | 6,024,782 | 5,444,780 | 5,034,687 | 5,836,759 | 5,758,365 | 6,037,021 | 4,998,852 | 5,180,309 | 3,604,620 |
Other Income Or Grants | |||||||||
Cost Of Sales | |||||||||
Gross Profit | |||||||||
Admin Expenses | |||||||||
Operating Profit | 5,048,908 | 5,092,122 | 4,841,063 | 5,462,208 | 5,462,678 | 5,609,855 | 4,494,106 | 13,359,621 | 3,542,308 |
Interest Payable | 871,200 | 871,200 | 871,200 | 871,200 | 871,411 | 874,347 | 871,200 | 871,200 | 568,700 |
Interest Receivable | 0 | 0 | 3,145 | 74,846 | 143,605 | 80,282 | 42,438 | 79,101 | 53,126 |
Pre-Tax Profit | -7,685,933 | 4,399,140 | 20,758,524 | -2,284,771 | 8,468,950 | 13,624,309 | 17,115,498 | 12,938,091 | 5,901,331 |
Tax | 2,827,702 | -4,116,521 | -2,028,038 | 433,451 | -2,735,740 | -1,211,950 | -1,369,333 | -1,529,605 | -2,188,002 |
Profit After Tax | -4,858,231 | 282,619 | 18,730,486 | -1,851,320 | 5,733,210 | 12,412,359 | 15,746,165 | 11,408,486 | 3,713,329 |
Dividends Paid | 7,089,641 | 3,867,076 | 7,734,152 | 0 | 3,867,076 | 3,867,076 | 3,867,076 | 2,000,000 | 0 |
Retained Profit | -11,947,872 | -3,584,457 | 10,996,334 | -1,851,320 | 1,866,134 | 8,545,283 | 11,879,089 | 9,408,486 | 3,713,329 |
Employee Costs | |||||||||
Number Of Employees | |||||||||
EBITDA* | 5,048,908 | 5,092,122 | 4,841,063 | 5,462,208 | 5,462,678 | 5,609,855 | 4,494,106 | 13,359,621 | 3,542,308 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | |
---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 187,200,731 | 201,808,360 | 201,559,621 | 182,763,844 | 189,699,469 | 180,502,329 | 177,110,361 | 163,599,099 | 141,478,382 |
Debtors (Due After 1 year) | 287,756 | 93,507 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 187,488,487 | 201,901,867 | 201,559,621 | 182,763,844 | 189,699,469 | 180,502,329 | 177,110,361 | 163,599,099 | 141,478,382 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 363,676 | 363,974 | 460,672 | 564,646 | 45,843 | 208,091 | 5,097 | 0 | 105,250 |
Group Debtors | 764,604 | 2,794,814 | 2,358,194 | 3,936,560 | 0 | 68,688 | 0 | 954,655 | 1,531,189 |
Misc Debtors | 804,116 | 544,337 | 426,665 | 339,435 | 377,767 | 5,827,843 | 324,225 | 330,927 | 251,967 |
Cash | 2,371,739 | 919,230 | 867,312 | 5,117,813 | 5,238,289 | 4,804,550 | 4,335,954 | 3,919,277 | 14,635,045 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 4,304,135 | 4,622,355 | 4,112,843 | 9,958,454 | 5,661,899 | 10,909,172 | 4,665,276 | 5,204,859 | 16,523,451 |
total assets | 191,792,622 | 206,524,222 | 205,672,464 | 192,722,298 | 195,361,368 | 191,411,501 | 181,775,637 | 168,803,958 | 158,001,833 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 374,168 | 76,610 | 1,631 | 23,643 | 7,934 | 0 | 35,354 | 32,362 | 16,764 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 131,780 | 265,065 | 285,758 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 1,615,897 | 1,963,802 | 1,693,526 | 1,780,167 | 1,841,307 | 1,971,096 | 1,630,173 | 2,063,100 | 1,334,778 |
total current liabilities | 1,990,065 | 2,040,412 | 1,695,157 | 1,803,810 | 1,981,021 | 2,236,161 | 1,951,285 | 2,095,462 | 1,351,542 |
loans | 22,000,000 | 22,000,000 | 22,000,000 | 22,000,000 | 22,000,000 | 22,000,000 | 22,000,000 | 22,000,000 | 22,000,000 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 9,874,988 | 12,608,369 | 8,517,409 | 6,454,924 | 7,065,463 | 4,726,590 | 3,920,885 | 2,684,118 | 2,034,399 |
total long term liabilities | 31,874,988 | 34,608,369 | 30,517,409 | 28,454,924 | 29,065,463 | 26,726,590 | 25,920,885 | 24,684,118 | 24,034,399 |
total liabilities | 33,865,053 | 36,648,781 | 32,212,566 | 30,258,734 | 31,046,484 | 28,962,751 | 27,872,170 | 26,779,580 | 25,385,941 |
net assets | 157,927,569 | 169,875,441 | 173,459,898 | 162,463,564 | 164,314,884 | 162,448,750 | 153,903,467 | 142,024,378 | 132,615,892 |
total shareholders funds | 157,927,569 | 169,875,441 | 173,459,898 | 162,463,564 | 164,314,884 | 162,448,750 | 153,903,467 | 142,024,378 | 132,615,892 |
Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | |
---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||
Operating Profit | 5,048,908 | 5,092,122 | 4,841,063 | 5,462,208 | 5,462,678 | 5,609,855 | 4,494,106 | 13,359,621 | 3,542,308 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | 2,827,702 | -4,116,521 | -2,028,038 | 433,451 | -2,735,740 | -1,211,950 | -1,369,333 | -1,529,605 | -2,188,002 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | -1,576,480 | 551,101 | -1,595,110 | 4,417,031 | -5,681,012 | 5,775,300 | -956,260 | -602,824 | 1,888,406 |
Creditors | 297,558 | 74,979 | -22,012 | 15,709 | 7,934 | -35,354 | 2,992 | 15,598 | 16,764 |
Accruals and Deferred Income | -347,905 | 270,276 | -86,641 | -61,140 | -129,789 | 340,923 | -432,927 | 728,322 | 1,334,778 |
Deferred Taxes & Provisions | -2,733,381 | 4,090,960 | 2,062,485 | -610,539 | 2,338,873 | 805,705 | 1,236,767 | 649,719 | 2,034,399 |
Cash flow from operations | 6,669,362 | 4,860,715 | 6,361,967 | 822,658 | 10,624,968 | -266,121 | 4,887,865 | 13,826,479 | 2,851,841 |
Investing Activities | |||||||||
capital expenditure | 0 | 0 | 0 | 0 | 0 | -6,156,597 | -2,924,748 | -6,777,324 | -138,603,785 |
Change in Investments | -14,607,629 | 248,739 | 18,795,777 | -6,935,625 | 9,197,140 | 3,391,968 | 13,511,262 | 22,120,717 | 141,478,382 |
cash flow from investments | 14,607,629 | -248,739 | -18,795,777 | 6,935,625 | -9,197,140 | -9,548,565 | -16,436,010 | -28,898,041 | -280,082,167 |
Financing Activities | |||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | -131,780 | -133,285 | -20,693 | 285,758 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,000,000 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||
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 | -792,099 | 150,386,989 |
cash and cash equivalents | |||||||||
cash | 1,452,509 | 51,918 | -4,250,501 | -120,476 | 433,739 | 468,596 | 416,677 | -10,715,768 | 14,635,045 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 1,452,509 | 51,918 | -4,250,501 | -120,476 | 433,739 | 468,596 | 416,677 | -10,715,768 | 14,635,045 |
throgmorton assets plc Credit Report and Business Information
Throgmorton Assets Plc Competitor Analysis
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 directors
Throgmorton Assets Plc currently has 4 directors. The longest serving directors include Colonel Richard Winstanley (Jun 2014) and Mr David Sumner (Jun 2014).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Colonel Richard Winstanley | 60 years | Jun 2014 | - | Director | |
Mr David Sumner | United Kingdom | 53 years | Jun 2014 | - | Director |
Mr William Charnley | United Kingdom | 64 years | Jun 2014 | - | Director |
Mr Timothy Orchard | England | 61 years | Jul 2021 | - | Director |
P&L
July 2023turnover
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 2023net 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
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.
throgmorton assets plc Companies House Filings - See Documents
date | description | view/download |
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