thorner developments ltd
thorner developments ltd Company Information
Company Number
09596058
Website
-Registered Address
sedgemoor house stathe, bridgwater, somerset, TA7 0JN
Industry
Development of building projects
Telephone
-
Next Accounts Due
January 2026
Group Structure
View All
Shareholders
david thorner 28%
alan albert thorner 24%
View Allthorner developments ltd Estimated Valuation
Pomanda estimates the enterprise value of THORNER DEVELOPMENTS LTD at £133.6k based on a Turnover of £370.6k and 0.36x industry multiple (adjusted for size and gross margin).
thorner developments ltd Estimated Valuation
Pomanda estimates the enterprise value of THORNER DEVELOPMENTS LTD at £0 based on an EBITDA of £-1k and a 2.7x industry multiple (adjusted for size and gross margin).
thorner developments ltd Estimated Valuation
Pomanda estimates the enterprise value of THORNER DEVELOPMENTS LTD at £0 based on Net Assets of £-7.7k and 1.34x industry multiple (adjusted for liquidity).
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Thorner Developments Ltd Overview
Thorner Developments Ltd is a live company located in somerset, TA7 0JN with a Companies House number of 09596058. It operates in the development of building projects sector, SIC Code 41100. Founded in May 2015, it's largest shareholder is david thorner with a 28% stake. Thorner Developments Ltd is a young, micro sized company, Pomanda has estimated its turnover at £370.6k with low growth in recent years.
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Thorner Developments Ltd Health Check
Pomanda's financial health check has awarded Thorner Developments Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
7 Weak
Size
annual sales of £370.6k, make it smaller than the average company (£2.2m)
- Thorner Developments Ltd
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (7.2%)
- Thorner Developments Ltd
7.2% - Industry AVG
Production
with a gross margin of 9.9%, this company has a higher cost of product (23.9%)
- Thorner Developments Ltd
23.9% - Industry AVG
Profitability
an operating margin of -0.3% make it less profitable than the average company (7.1%)
- Thorner Developments Ltd
7.1% - Industry AVG
Employees
with 4 employees, this is below the industry average (6)
4 - Thorner Developments Ltd
6 - Industry AVG
Pay Structure
on an average salary of £48.7k, the company has an equivalent pay structure (£48.7k)
- Thorner Developments Ltd
£48.7k - Industry AVG
Efficiency
resulting in sales per employee of £92.7k, this is less efficient (£280.8k)
- Thorner Developments Ltd
£280.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Thorner Developments Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 101 days, this is slower than average (32 days)
- Thorner Developments Ltd
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Thorner Developments Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Thorner Developments Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 109%, this is a higher level of debt than the average (71.3%)
109% - Thorner Developments Ltd
71.3% - Industry AVG
THORNER DEVELOPMENTS LTD financials
Thorner Developments Ltd's latest turnover from April 2024 is estimated at £370.6 thousand and the company has net assets of -£7.7 thousand. According to their latest financial statements, Thorner Developments Ltd has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total assets | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 92,663 | 91,646 | 90,664 | 89,771 | 88,938 | 88,098 | 87,245 | 84,900 | 84,900 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 92,663 | 91,646 | 90,664 | 89,771 | 88,938 | 88,098 | 87,245 | 84,900 | 84,900 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 92,663 | 91,646 | 90,664 | 89,771 | 88,938 | 88,098 | 87,245 | 84,900 | 84,900 |
| net assets | -7,663 | -6,646 | -5,664 | -4,771 | -3,938 | -3,098 | -2,245 | 100 | 100 |
| total shareholders funds | -7,663 | -6,646 | -5,664 | -4,771 | -3,938 | -3,098 | -2,245 | 100 | 100 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | 1,017 | 982 | 893 | 833 | 840 | 853 | 2,345 | 0 | 84,900 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 |
| 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 | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
thorner developments ltd Credit Report and Business Information
Thorner Developments Ltd Competitor Analysis
Perform a competitor analysis for thorner developments ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in TA7 area or any other competitors across 12 key performance metrics.
thorner developments ltd Ownership
THORNER DEVELOPMENTS LTD group structure
Thorner Developments Ltd has no subsidiary companies.
Ultimate parent company
THORNER DEVELOPMENTS LTD
09596058
thorner developments ltd directors
Thorner Developments Ltd currently has 4 directors. The longest serving directors include Mr Alan Thorner (May 2015) and Mr David Thorner (May 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alan Thorner | England | 63 years | May 2015 | - | Director |
| Mr David Thorner | England | 74 years | May 2015 | - | Director |
| Mr Paul Thorner | England | 71 years | May 2015 | - | Director |
| Mr Kevin Thorner | England | 78 years | May 2015 | - | Director |
P&L
April 2024turnover
370.6k
0%
operating profit
-1k
0%
gross margin
9.9%
+3.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
-7.7k
+0.15%
total assets
85k
0%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
thorner developments ltd company details
company number
09596058
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
May 2015
age
9
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
April 2024
address
sedgemoor house stathe, bridgwater, somerset, TA7 0JN
accountant
-
auditor
-
thorner developments ltd 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 thorner developments ltd.
thorner developments ltd Companies House Filings - See Documents
| date | description | view/download |
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