Pomanda estimates the enterprise value of THISTLE PROPERTIES LTD at £111.9k based on a Turnover of £46.3k and 2.42x industry multiple (adjusted for size and gross margin).
thistle properties ltdEstimated Valuation
£87.4k
Pomanda estimates the enterprise value of THISTLE PROPERTIES LTD at £87.4k based on an EBITDA of £18.5k and a 4.73x industry multiple (adjusted for size and gross margin).
thistle properties ltdEstimated Valuation
£128.8k
Pomanda estimates the enterprise value of THISTLE PROPERTIES LTD at £128.8k based on Net Assets of £73.8k and 1.75x industry multiple (adjusted for liquidity).
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Thistle Properties LtdOverview
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
£46.3k with
healthy
growth in recent years.
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
Health Rating2.5out of 5
3 Strong
1 Regular
6 Weak
Size
annual sales of £46.3k, make it smaller than the average company (£950k)
£46.3k - Thistle Properties Ltd
£950k - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (4.7%)
8% - Thistle Properties Ltd
4.7% - Industry AVG
Production
with a gross margin of 31.5%, this company has a higher cost of product (72.9%)
31.5% - Thistle Properties Ltd
72.9% - Industry AVG
Profitability
an operating margin of 40% make it more profitable than the average company (25.4%)
40% - Thistle Properties Ltd
25.4% - 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)
£32.6k - Thistle Properties Ltd
£32.6k - Industry AVG
Efficiency
resulting in sales per employee of £46.3k, this is less efficient (£184.9k)
£46.3k - Thistle Properties Ltd
£184.9k - Industry AVG
Debtor Days
it gets paid by customers after 67 days, this is later than average (32 days)
67 days - Thistle Properties Ltd
32 days - Industry AVG
Creditor Days
its suppliers are paid after 76 days, this is slower than average (37 days)
76 days - Thistle Properties Ltd
37 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 (68.7%)
95% - Thistle Properties Ltd
68.7% - Industry AVG
THISTLE PROPERTIES LTD financials
EXPORT
Thistle Properties Ltd's latest turnover from January 2024 is estimated at £46.3 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
46,272
24,090
78,996
36,503
31,347
308,792
59,007
Other Income Or Grants
Cost Of Sales
31,694
17,265
56,865
26,091
22,631
217,320
41,056
Gross Profit
14,578
6,824
22,132
10,412
8,716
91,472
17,951
Admin Expenses
-3,918
-7,186
-4,165
-10,616
-894
80,472
24,484
Operating Profit
18,496
14,010
26,297
21,028
9,610
11,000
-6,533
Interest Payable
Interest Receivable
13
5
32
21
Pre-Tax Profit
18,496
14,010
26,310
21,033
9,610
11,032
-6,512
Tax
-4,624
-2,662
-4,999
-3,996
-1,826
-2,096
Profit After Tax
13,872
11,348
21,311
17,037
7,784
8,936
-6,512
Dividends Paid
Retained Profit
13,872
11,348
21,311
17,037
7,784
8,936
-6,512
Employee Costs
32,561
30,904
29,881
27,165
28,310
27,385
25,993
Number Of Employees
1
1
1
1
1
1
1
EBITDA*
18,496
14,010
27,798
21,028
9,610
11,000
-6,533
* 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
Investments & Other
Debtors (Due After 1 year)
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
Trade Debtors
8,541
1,513
26,365
3,762
16,660
Group Debtors
Misc Debtors
Cash
10,523
8,583
misc current assets
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
Bank loan
Trade Creditors
6,628
6,184
8,643
3,997
8,676
1,019,368
Group/Directors Accounts
1,017,666
other short term finances
hp & lease commitments
other current liabilities
164
total current liabilities
6,628
6,184
8,643
3,997
8,676
1,019,368
1,017,830
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
1,383,000
1,390,937
1,319,659
1,331,275
1,238,390
provisions
total long term liabilities
1,383,000
1,390,937
1,319,659
1,331,275
1,238,390
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
18,496
14,010
26,297
21,028
9,610
11,000
-6,533
Depreciation
1,501
Amortisation
Tax
-4,624
-2,662
-4,999
-3,996
-1,826
-2,096
Stock
Debtors
7,028
-24,852
26,365
-3,762
-12,898
16,660
Creditors
444
-2,459
4,646
-4,679
-1,010,692
1,019,368
Accruals and Deferred Income
-164
164
Deferred Taxes & Provisions
Cash flow from operations
7,288
33,741
1,080
16,115
-990,010
1,011,448
-6,369
Investing Activities
capital expenditure
649
-105,017
-98,484
-248,380
-2,395
-1,002,737
Change in Investments
cash flow from investments
649
-105,017
-98,484
-248,380
-2,395
-1,002,737
Financing Activities
Bank loans
Group/Directors Accounts
-1,017,666
1,017,666
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-7,937
71,278
-11,616
92,885
1,238,390
share issue
-2
2
-2
2
interest
13
5
32
21
cash flow from financing
-7,937
71,276
-11,603
92,892
1,238,390
-1,017,636
1,017,689
cash and cash equivalents
cash
-10,523
10,523
-8,583
8,583
overdraft
change in cash
-10,523
10,523
-8,583
8,583
thistle properties ltd 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 thistle properties ltd. Get real-time insights into thistle properties ltd's credit score, group structure and payment trends.
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 Shareholders
The largest shareholders in Thistle Properties Ltd include Neil Goodwin and Joanne Emma Louise Goodwin.
neil goodwin
50%
joanne emma louise goodwin
50%
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).
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
None
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.
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thistle properties ltdCompanies House Filings - See Documents
