thortful limited
thortful limited Company Information
Company Number
09524310
Next Accounts
Sep 2025
Industry
Artistic creation
Retail sale via mail order houses or via Internet
Shareholders
andrew john pearce
paul henry lees
View AllGroup Structure
View All
Contact
Registered Address
dean bradley house, 52 horseferry road, london, SW1P 2AF
Website
www.thortful.comthortful limited Estimated Valuation
Pomanda estimates the enterprise value of THORTFUL LIMITED at £17.7m based on a Turnover of £23.9m and 0.74x industry multiple (adjusted for size and gross margin).
thortful limited Estimated Valuation
Pomanda estimates the enterprise value of THORTFUL LIMITED at £17.6m based on an EBITDA of £1.8m and a 9.53x industry multiple (adjusted for size and gross margin).
thortful limited Estimated Valuation
Pomanda estimates the enterprise value of THORTFUL LIMITED at £4.6m based on Net Assets of £2.6m and 1.75x industry multiple (adjusted for liquidity).
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Thortful Limited Overview
Thortful Limited is a live company located in london, SW1P 2AF with a Companies House number of 09524310. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in April 2015, it's largest shareholder is andrew john pearce with a 49% stake. Thortful Limited is a young, large sized company, Pomanda has estimated its turnover at £23.9m with declining growth in recent years.
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Thortful Limited Health Check
Pomanda's financial health check has awarded Thortful Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £23.9m, make it larger than the average company (£385.4k)
£23.9m - Thortful Limited
£385.4k - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (5.7%)
-5% - Thortful Limited
5.7% - Industry AVG
Production
with a gross margin of 56%, this company has a lower cost of product (42.7%)
56% - Thortful Limited
42.7% - Industry AVG
Profitability
an operating margin of 5.3% make it more profitable than the average company (4.2%)
5.3% - Thortful Limited
4.2% - Industry AVG
Employees
with 53 employees, this is above the industry average (5)
53 - Thortful Limited
5 - Industry AVG
Pay Structure
on an average salary of £64.1k, the company has a higher pay structure (£29.4k)
£64.1k - Thortful Limited
£29.4k - Industry AVG
Efficiency
resulting in sales per employee of £450.4k, this is more efficient (£131.8k)
£450.4k - Thortful Limited
£131.8k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (18 days)
0 days - Thortful Limited
18 days - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is slower than average (29 days)
34 days - Thortful Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 41 days, this is in line with average (50 days)
41 days - Thortful Limited
50 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 50 weeks, this is average cash available to meet short term requirements (58 weeks)
50 weeks - Thortful Limited
58 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.7%, this is a higher level of debt than the average (52.1%)
64.7% - Thortful Limited
52.1% - Industry AVG
THORTFUL LIMITED financials
Thortful Limited's latest turnover from December 2023 is £23.9 million and the company has net assets of £2.6 million. According to their latest financial statements, Thortful Limited has 53 employees and maintains cash reserves of £3.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 23,872,744 | 22,330,324 | 33,227,096 | 28,255,142 | |||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 10,501,496 | 9,795,601 | 14,373,206 | 11,251,019 | |||||
| Gross Profit | 13,371,248 | 12,534,723 | 18,853,890 | 17,004,123 | |||||
| Admin Expenses | 12,116,331 | 12,183,512 | 18,471,552 | 11,484,183 | |||||
| Operating Profit | 1,254,917 | 351,211 | 382,338 | 5,519,940 | |||||
| Interest Payable | 215,549 | 278,858 | 181,094 | 29,011 | |||||
| Interest Receivable | 75 | 0 | 0 | 0 | |||||
| Pre-Tax Profit | 1,039,443 | 72,353 | 201,244 | 5,490,929 | |||||
| Tax | -138,142 | 39,828 | 7,686 | -919,486 | |||||
| Profit After Tax | 901,301 | 112,181 | 208,930 | 4,571,443 | |||||
| Dividends Paid | 113,939 | 0 | 0 | 0 | |||||
| Retained Profit | 787,362 | 112,181 | 208,930 | 4,571,443 | |||||
| Employee Costs | 3,399,508 | 3,461,114 | 4,356,561 | 2,997,537 | |||||
| Number Of Employees | 53 | 64 | 76 | 40 | 23 | 17 | 12 | 12 | 8 |
| EBITDA* | 1,843,528 | 960,876 | 980,109 | 5,739,285 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,065,609 | 2,615,845 | 3,215,908 | 1,786,327 | 260,819 | 14,929 | 9,649 | 6,307 | 8,634 |
| Intangible Assets | 834,761 | 779,034 | 613,236 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 390,583 | 365,347 | 239,892 | 78,983 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,900,370 | 3,394,879 | 3,829,144 | 1,786,327 | 260,819 | 405,512 | 374,996 | 246,199 | 87,617 |
| Stock & work in progress | 1,197,185 | 1,376,941 | 1,900,165 | 578,769 | 171,608 | 25,675 | 19,818 | 0 | 0 |
| Trade Debtors | 13,073 | 17,222 | 49,618 | 2,539 | 6,880 | 9,800 | 783 | 915 | 1,800 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 292,241 | 587,543 | 1,120,671 | 3,185,340 | 679,721 | 152,141 | 118,292 | 189,944 | 143,611 |
| Cash | 3,088,976 | 1,493,638 | 971,257 | 3,290,131 | 761,803 | 292,698 | 66,965 | 73,917 | 3,978 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,591,475 | 3,475,344 | 4,041,711 | 7,056,779 | 1,620,012 | 480,314 | 205,858 | 264,776 | 149,389 |
| total assets | 7,491,845 | 6,870,223 | 7,870,855 | 8,843,106 | 1,880,831 | 885,826 | 580,854 | 510,975 | 237,006 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 25 | 2 | 2 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 991,090 | 1,019,814 | 1,775,723 | 3,064,351 | 371,214 | 360,017 | 108,620 | 49,051 | 38,544 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 452,470 | 401,856 | 1,058,972 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 404,455 | 366,760 | 881,636 | 379,526 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,360,289 | 831,360 | 627,649 | 2,011,162 | 2,029,548 | 310,032 | 159,854 | 1,658,958 | 579,580 |
| total current liabilities | 3,208,304 | 2,619,790 | 4,343,980 | 5,455,039 | 2,400,762 | 670,049 | 268,499 | 1,708,011 | 618,126 |
| loans | 621,329 | 1,077,282 | 461,289 | 904,409 | 859,081 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 685,944 | 1,090,399 | 1,063,116 | 797,341 | 217,760 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 2,290,916 | 2,131,740 | 0 | 0 |
| provisions | 334,031 | 233,213 | 273,041 | 188,101 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,641,304 | 2,400,894 | 1,797,446 | 1,889,851 | 1,076,841 | 2,290,916 | 2,131,740 | 0 | 0 |
| total liabilities | 4,849,608 | 5,020,684 | 6,141,426 | 7,344,890 | 3,477,603 | 2,960,965 | 2,400,239 | 1,708,011 | 618,126 |
| net assets | 2,642,237 | 1,849,539 | 1,729,429 | 1,498,216 | -1,596,772 | -2,075,139 | -1,819,385 | -1,197,036 | -381,120 |
| total shareholders funds | 2,642,237 | 1,849,539 | 1,729,429 | 1,498,216 | -1,596,772 | -2,075,139 | -1,819,385 | -1,197,036 | -381,120 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 1,254,917 | 351,211 | 382,338 | 5,519,940 | |||||
| Depreciation | 588,611 | 609,665 | 597,771 | 219,345 | 60,107 | 6,525 | 2,799 | 3,436 | 1,429 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -138,142 | 39,828 | 7,686 | -919,486 | |||||
| Stock | -179,756 | -523,224 | 1,321,396 | 407,161 | 145,933 | 5,857 | 19,818 | 0 | 0 |
| Debtors | -299,451 | -565,524 | -2,017,590 | 2,501,278 | 524,660 | 42,866 | -26,336 | 45,448 | 145,411 |
| Creditors | -28,724 | -755,909 | -1,288,628 | 2,693,137 | 11,197 | 251,397 | 70,076 | 10,507 | 38,544 |
| Accruals and Deferred Income | 528,929 | 203,711 | -1,383,513 | -18,386 | 1,719,516 | 150,178 | -419,726 | 1,079,378 | 579,580 |
| Deferred Taxes & Provisions | 100,818 | -39,828 | 84,940 | 188,101 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 2,785,616 | 1,497,426 | -903,212 | 4,774,212 | |||||
| Investing Activities | |||||||||
| capital expenditure | 0 | 0 | 0 | 0 | |||||
| Change in Investments | 0 | 0 | 0 | 0 | -390,583 | 25,236 | 286,364 | 160,909 | 78,983 |
| cash flow from investments | 0 | 0 | 0 | 0 | |||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 50,614 | -657,116 | 1,058,972 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -455,953 | 615,993 | -443,120 | 45,328 | 859,081 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -366,760 | -487,593 | 767,885 | 959,107 | 217,760 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | -2,290,916 | 159,176 | 2,131,740 | 0 | 0 |
| share issue | |||||||||
| interest | -215,474 | -278,858 | -181,094 | -29,011 | |||||
| cash flow from financing | -982,237 | -799,645 | 1,224,926 | -501,031 | |||||
| cash and cash equivalents | |||||||||
| cash | 1,595,338 | 522,381 | -2,318,874 | 2,528,328 | 469,105 | 225,733 | 62,987 | 69,939 | 3,978 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -25 | 23 | 0 | 2 |
| change in cash | 1,595,338 | 522,381 | -2,318,874 | 2,528,328 | 469,105 | 225,758 | 62,964 | 69,939 | 3,976 |
thortful limited Credit Report and Business Information
Thortful Limited Competitor Analysis
Perform a competitor analysis for thortful limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in SW1P area or any other competitors across 12 key performance metrics.
thortful limited Ownership
THORTFUL LIMITED group structure
Thortful Limited has no subsidiary companies.
Ultimate parent company
THORTFUL LIMITED
09524310
thortful limited directors
Thortful Limited currently has 4 directors. The longest serving directors include Mr Paul Lees (Aug 2015) and Mr Andrew Pearce (Aug 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Lees | England | 62 years | Aug 2015 | - | Director |
| Mr Andrew Pearce | United Kingdom | 53 years | Aug 2015 | - | Director |
| Miss Philippa Heywood | England | 45 years | Feb 2024 | - | Director |
| Ms Alisa Padhiar | England | 37 years | Feb 2024 | - | Director |
P&L
December 2023turnover
23.9m
+7%
operating profit
1.3m
+257%
gross margin
56.1%
-0.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
2.6m
+0.43%
total assets
7.5m
+0.09%
cash
3.1m
+1.07%
net assets
Total assets minus all liabilities
thortful limited company details
company number
09524310
Type
Private limited with Share Capital
industry
90030 - Artistic creation
47910 - Retail sale via mail order houses or via Internet
incorporation date
April 2015
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
pelson limited (June 2015)
accountant
-
auditor
CLA EVELYN PARTNERS LIMITED
address
dean bradley house, 52 horseferry road, london, SW1P 2AF
Bank
-
Legal Advisor
-
thortful 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 1 charges/mortgages relating to thortful limited. Currently there are 1 open charges and 0 have been satisfied in the past.
thortful limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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thortful limited Companies House Filings - See Documents
| date | description | view/download |
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