thistle properties ltd
thistle properties ltd Company Information
Company Number
10581990
Next Accounts
Oct 2025
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Shareholders
neil goodwin
joanne emma louise goodwin
Group Structure
View All
Contact
Registered Address
crown house 4 high street, tyldesley, manchester, M29 8AL
Website
thistleproperty.co.ukthistle properties ltd Estimated Valuation
Pomanda estimates the enterprise value of THISTLE PROPERTIES LTD at £113.4k based on a Turnover of £46.1k and 2.46x industry multiple (adjusted for size and gross margin).
thistle properties ltd Estimated Valuation
Pomanda estimates the enterprise value of THISTLE PROPERTIES LTD at £90.1k based on an EBITDA of £18.5k and a 4.87x industry multiple (adjusted for size and gross margin).
thistle properties ltd Estimated Valuation
Pomanda estimates the enterprise value of THISTLE PROPERTIES LTD at £126.2k based on Net Assets of £73.8k and 1.71x industry multiple (adjusted for liquidity).
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Thistle Properties Ltd Overview
Thistle Properties Ltd is a live company located in manchester, M29 8AL with a Companies House number of 10581990. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in January 2017, it's largest shareholder is neil goodwin with a 50% stake. Thistle Properties Ltd is a young, micro sized company, Pomanda has estimated its turnover at £46.1k with healthy growth in recent years.
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Thistle Properties Ltd Health Check
Pomanda's financial health check has awarded Thistle Properties Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £46.1k, make it smaller than the average company (£951.3k)
- Thistle Properties Ltd
£951.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (4.7%)
- Thistle Properties Ltd
4.7% - Industry AVG
Production
with a gross margin of 31.3%, this company has a higher cost of product (72.8%)
- Thistle Properties Ltd
72.8% - Industry AVG
Profitability
an operating margin of 40.2% make it more profitable than the average company (25.7%)
- Thistle Properties Ltd
25.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - Thistle Properties Ltd
4 - Industry AVG
Pay Structure
on an average salary of £32.6k, the company has an equivalent pay structure (£32.6k)
- Thistle Properties Ltd
£32.6k - Industry AVG
Efficiency
resulting in sales per employee of £46.1k, this is less efficient (£183.1k)
- Thistle Properties Ltd
£183.1k - Industry AVG
Debtor Days
it gets paid by customers after 67 days, this is later than average (32 days)
- Thistle Properties Ltd
32 days - Industry AVG
Creditor Days
its suppliers are paid after 76 days, this is slower than average (38 days)
- Thistle Properties Ltd
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Thistle Properties Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Thistle Properties Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95%, this is a higher level of debt than the average (67.8%)
95% - Thistle Properties Ltd
67.8% - Industry AVG
THISTLE PROPERTIES LTD financials
Thistle Properties Ltd's latest turnover from January 2024 is estimated at £46.1 thousand and the company has net assets of £73.8 thousand. According to their latest financial statements, Thistle Properties Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,454,863 | 1,455,512 | 1,350,495 | 1,351,996 | 1,253,512 | 1,005,132 | 1,002,737 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,454,863 | 1,455,512 | 1,350,495 | 1,351,996 | 1,253,512 | 1,005,132 | 1,002,737 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 8,541 | 1,513 | 26,365 | 0 | 3,762 | 16,660 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 10,523 | 0 | 0 | 8,583 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,541 | 1,513 | 26,365 | 10,523 | 3,762 | 16,660 | 8,583 |
| total assets | 1,463,404 | 1,457,025 | 1,376,860 | 1,362,519 | 1,257,274 | 1,021,792 | 1,011,320 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 6,628 | 6,184 | 8,643 | 3,997 | 8,676 | 1,019,368 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 1,017,666 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 164 |
| total current liabilities | 6,628 | 6,184 | 8,643 | 3,997 | 8,676 | 1,019,368 | 1,017,830 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 1,383,000 | 1,390,937 | 1,319,659 | 1,331,275 | 1,238,390 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,383,000 | 1,390,937 | 1,319,659 | 1,331,275 | 1,238,390 | 0 | 0 |
| total liabilities | 1,389,628 | 1,397,121 | 1,328,302 | 1,335,272 | 1,247,066 | 1,019,368 | 1,017,830 |
| net assets | 73,776 | 59,904 | 48,558 | 27,247 | 10,208 | 2,424 | -6,510 |
| total shareholders funds | 73,776 | 59,904 | 48,558 | 27,247 | 10,208 | 2,424 | -6,510 |
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 1,501 | 0 | |||||
| Amortisation | 0 | 0 | 0 | ||||
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 7,028 | -24,852 | 26,365 | -3,762 | -12,898 | 16,660 | 0 |
| Creditors | 444 | -2,459 | 4,646 | -4,679 | -1,010,692 | 1,019,368 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | -164 | 164 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | -1,017,666 | 1,017,666 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -7,937 | 71,278 | -11,616 | 92,885 | 1,238,390 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 0 | 0 | -10,523 | 10,523 | 0 | -8,583 | 8,583 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | -10,523 | 10,523 | 0 | -8,583 | 8,583 |
thistle properties ltd Credit Report and Business Information
Thistle Properties Ltd Competitor Analysis
Perform a competitor analysis for thistle properties ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in M29 area or any other competitors across 12 key performance metrics.
thistle properties ltd Ownership
THISTLE PROPERTIES LTD group structure
Thistle Properties Ltd has no subsidiary companies.
Ultimate parent company
THISTLE PROPERTIES LTD
10581990
thistle properties ltd directors
Thistle Properties Ltd currently has 2 directors. The longest serving directors include Mrs Joanne Goodwin (Jan 2017) and Mr Neil Goodwin (Aug 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Joanne Goodwin | United Kingdom | 56 years | Jan 2017 | - | Director |
| Mr Neil Goodwin | 71 years | Aug 2019 | - | Director |
P&L
January 2024turnover
46.1k
+91%
operating profit
18.5k
0%
gross margin
31.4%
+10.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
73.8k
+0.23%
total assets
1.5m
0%
cash
0
0%
net assets
Total assets minus all liabilities
thistle properties ltd company details
company number
10581990
Type
Private 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
January 2017
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
January 2024
previous names
N/A
accountant
-
auditor
-
address
crown house 4 high street, tyldesley, manchester, M29 8AL
Bank
-
Legal Advisor
-
thistle properties 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 found 3 charges/mortgages relating to thistle properties ltd. Currently there are 3 open charges and 0 have been satisfied in the past.
thistle properties ltd 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.
Click to start generating capital raising & share issue transactions for THISTLE PROPERTIES LTD. This can take several minutes, an email will notify you when this has completed.
thistle properties ltd Companies House Filings - See Documents
| date | description | view/download |
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