Pomanda estimates the enterprise value of THOUGHTRIVER LIMITED at £1.8m based on a Turnover of £2m and 0.9x industry multiple (adjusted for size and gross margin).
thoughtriver limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of THOUGHTRIVER LIMITED at £0 based on an EBITDA of £-3.4m and a 5.48x industry multiple (adjusted for size and gross margin).
thoughtriver limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of THOUGHTRIVER LIMITED at £0 based on Net Assets of £-1.1m and 2.38x industry multiple (adjusted for liquidity).
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Thoughtriver LimitedOverview
Thoughtriver Limited is a live company located in waterbeach, CB25 9PD with a Companies House number of 10007469. It operates in the business and domestic software development sector, SIC Code 62012. Founded in February 2016, it's largest shareholder is
duncan painter
with a 69.2% stake. Thoughtriver Limited is a young,
small sized company, Pomanda has estimated its turnover at
£2m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Thoughtriver Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
2 Strong
4 Regular
5 Weak
Size
annual sales of £1.7m, make it smaller than the average company (£3.3m)
£1.7m - Thoughtriver Limited
£3.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (8.3%)
0% - Thoughtriver Limited
8.3% - Industry AVG
Production
with a gross margin of 71.4%, this company has a comparable cost of product (71.4%)
71.4% - Thoughtriver Limited
71.4% - Industry AVG
Profitability
an operating margin of -105.2% make it less profitable than the average company (3.6%)
-105.2% - Thoughtriver Limited
3.6% - Industry AVG
Employees
with 26 employees, this is similar to the industry average (29)
26 - Thoughtriver Limited
29 - Industry AVG
Pay Structure
on an average salary of £65.5k, the company has an equivalent pay structure (£65.5k)
£65.5k - Thoughtriver Limited
£65.5k - Industry AVG
Efficiency
resulting in sales per employee of £66.3k, this is less efficient (£110k)
£66.3k - Thoughtriver Limited
£110k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is earlier than average (64 days)
42 days - Thoughtriver Limited
64 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is quicker than average (46 days)
26 days - Thoughtriver Limited
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Thoughtriver Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 46 weeks, this is more cash available to meet short term requirements (20 weeks)
46 weeks - Thoughtriver Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 61.4%, this is a similar level of debt than the average (61.5%)
61.4% - Thoughtriver Limited
61.5% - Industry AVG
THOUGHTRIVER LIMITED financials
EXPORT
Thoughtriver Limited's latest turnover from December 2023 is estimated at £2 million and the company has net assets of -£1.1 million. According to their latest financial statements, Thoughtriver Limited has 27 employees and maintains cash reserves of £111 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Turnover
2,012,351
1,723,932
1,985,432
2,381,780
1,729,542
246,895
81,482
23,533
Other Income Or Grants
Cost Of Sales
563,423
492,642
536,446
658,894
449,511
132,653
Gross Profit
1,448,928
1,231,291
1,448,986
1,722,885
1,280,031
114,242
81,482
23,533
Admin Expenses
4,873,707
3,045,459
4,026,344
4,759,113
3,844,933
2,005,393
1,206,029
338,627
Operating Profit
-3,424,779
-1,814,168
-2,577,358
-3,036,228
-2,564,902
-1,891,151
-1,124,547
-315,094
Interest Payable
7,205
20,977
13,639
Interest Receivable
33,219
41,251
17,483
2,280
1,616
Pre-Tax Profit
-3,391,560
-1,772,917
-2,559,875
-3,033,948
-2,563,286
-1,898,356
-1,145,524
-328,733
Tax
151,742
73,939
1,030
Profit After Tax
-3,391,560
-1,772,917
-2,559,875
-3,033,948
-2,563,286
-1,746,614
-1,071,585
-327,703
Dividends Paid
Retained Profit
-3,391,560
-1,772,917
-2,559,875
-3,033,948
-2,563,286
-1,746,614
-1,071,585
-327,703
Employee Costs
1,935,334
1,704,064
2,193,853
2,200,680
1,771,021
1,389,341
765,514
284,412
Number Of Employees
27
26
36
39
31
23
13
5
EBITDA*
-3,420,240
-1,807,860
-2,570,642
-3,018,065
-2,547,078
-1,882,412
-1,120,754
-314,566
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Tangible Assets
7,211
8,506
5,542
5,736
23,899
16,384
6,271
881
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
7,211
8,506
5,542
5,736
23,899
16,384
6,271
881
Stock & work in progress
Trade Debtors
207,225
198,613
165,486
288,029
150,500
65,323
93,811
12,000
Group Debtors
Misc Debtors
350,813
444,140
638,619
621,648
402,560
49,105
8,909
91
Cash
111,016
786,737
1,154,485
3,507,613
1,052,232
2,180,426
156,455
53,369
misc current assets
total current assets
669,054
1,429,490
1,958,590
4,417,290
1,605,292
2,294,854
259,175
65,460
total assets
676,265
1,437,996
1,964,132
4,423,026
1,629,191
2,311,238
265,446
66,341
Bank overdraft
Bank loan
Trade Creditors
159,506
35,452
19,495
83,402
290,345
121,807
35,602
12,839
Group/Directors Accounts
60,000
other short term finances
702,880
hp & lease commitments
other current liabilities
1,578,485
848,002
619,117
455,097
1,967,527
254,824
149,716
24,132
total current liabilities
1,737,991
883,454
638,612
538,499
2,257,872
376,631
888,198
96,971
loans
219,710
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
219,710
total liabilities
1,737,991
883,454
638,612
538,499
2,257,872
376,631
888,198
316,681
net assets
-1,061,726
554,542
1,325,520
3,884,527
-628,681
1,934,607
-622,752
-250,340
total shareholders funds
-1,061,726
554,542
1,325,520
3,884,527
-628,681
1,934,607
-622,752
-250,340
Dec 2023
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Operating Activities
Operating Profit
-3,424,779
-1,814,168
-2,577,358
-3,036,228
-2,564,902
-1,891,151
-1,124,547
-315,094
Depreciation
4,539
6,308
6,716
18,163
17,824
8,739
3,793
528
Amortisation
Tax
151,742
73,939
1,030
Stock
Debtors
-246,067
-161,352
-105,572
356,617
438,632
11,708
90,629
12,091
Creditors
140,011
15,957
-63,907
-206,943
168,538
86,205
22,763
12,839
Accruals and Deferred Income
959,368
228,885
164,020
-1,512,430
1,712,703
105,108
125,584
24,132
Deferred Taxes & Provisions
Cash flow from operations
-2,074,794
-1,401,666
-2,364,957
-5,094,055
-1,104,469
-1,551,065
-989,097
-288,656
Investing Activities
capital expenditure
-6,208
-9,272
-6,522
-25,339
-18,852
-9,183
-1,409
Change in Investments
cash flow from investments
-6,208
-9,272
-6,522
-25,339
-18,852
-9,183
-1,409
Financing Activities
Bank loans
Group/Directors Accounts
-60,000
60,000
Other Short Term Loans
-702,880
702,880
Long term loans
-219,710
219,710
Hire Purchase and Lease Commitments
other long term liabilities
share issue
1,004,314
1,001,939
868
7,547,156
-2
4,303,973
699,173
77,363
interest
33,219
41,251
17,483
2,280
1,616
-7,205
-20,977
-13,639
cash flow from financing
1,037,533
1,043,190
18,351
7,549,436
1,614
3,593,888
1,101,366
343,434
cash and cash equivalents
cash
-1,043,469
-367,748
-2,353,128
2,455,381
-1,128,194
2,023,971
103,086
53,369
overdraft
change in cash
-1,043,469
-367,748
-2,353,128
2,455,381
-1,128,194
2,023,971
103,086
53,369
thoughtriver limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for thoughtriver limited. Get real-time insights into thoughtriver limited's credit score, group structure and payment trends.
Perform a competitor analysis for thoughtriver limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in CB25 area or any other competitors across 12 key performance metrics.
thoughtriver limited Ownership
THOUGHTRIVER LIMITED group structure
Thoughtriver Limited has no subsidiary companies.
Ultimate parent company
THOUGHTRIVER LIMITED
10007469
THOUGHTRIVER LIMITED Shareholders
The largest shareholders in Thoughtriver Limited include Duncan Painter and Fwd Iii Lp.
duncan painter
69.2%
fwd iii lp
17.3%
jennifer hill
4.99%
timothy roger pullan
2.72%
octopus titan vct plc
1.35%
crane i lp
0.88%
the taylor vinters 2019 trust
0.68%
richard moss
0.52%
zenoo limited
0.4%
chris barrett
0.35%
thoughtriver limited directors
Thoughtriver Limited currently has 3 directors.
The longest serving directors include
Mr Duncan Painter (May 2022) and
Mr Patrick Miller (Apr 2023).
62012 - Business and domestic software development
incorporation date
February 2016
age
9
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
GREEN AND PURPLE LIMITED
auditor
-
address
building 1000, cambridge research park, waterbeach, cambridgeshire, CB25 9PD
Bank
-
Legal Advisor
-
thoughtriver 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 2 charges/mortgages relating to thoughtriver limited. Currently there are 2 open charges and 0 have been satisfied in the past.
thoughtriver 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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thoughtriver limitedCompanies House Filings - See Documents
