thornton accountants ltd
thornton accountants ltd Company Information
Company Number
10897217
Website
khan-thornton.co.ukRegistered Address
challenge house, slz 1, 616 mitcham road, croydon, CR0 3AA
Industry
Bookkeeping activities
Telephone
-
Next Accounts Due
May 2025
Group Structure
View All
Directors
Safdar Hussain7 Years
Shareholders
safdar hussain 100%
thornton accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of THORNTON ACCOUNTANTS LTD at £123.4k based on a Turnover of £130.8k and 0.94x industry multiple (adjusted for size and gross margin).
thornton accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of THORNTON ACCOUNTANTS LTD at £0 based on an EBITDA of £-3.6k and a 4.18x industry multiple (adjusted for size and gross margin).
thornton accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of THORNTON ACCOUNTANTS LTD at £2k based on Net Assets of £448 and 4.37x industry multiple (adjusted for liquidity).
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Thornton Accountants Ltd Overview
Thornton Accountants Ltd is a live company located in croydon, CR0 3AA with a Companies House number of 10897217. It operates in the bookkeeping activities sector, SIC Code 69202. Founded in August 2017, it's largest shareholder is safdar hussain with a 100% stake. Thornton Accountants Ltd is a young, micro sized company, Pomanda has estimated its turnover at £130.8k with declining growth in recent years.
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Thornton Accountants Ltd Health Check
Pomanda's financial health check has awarded Thornton Accountants Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
3 Weak
Size
annual sales of £130.8k, make it larger than the average company (£81.6k)
- Thornton Accountants Ltd
£81.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (4.8%)
- Thornton Accountants Ltd
4.8% - Industry AVG
Production
with a gross margin of 69.9%, this company has a comparable cost of product (69.9%)
- Thornton Accountants Ltd
69.9% - Industry AVG
Profitability
an operating margin of -2.8% make it less profitable than the average company (5.1%)
- Thornton Accountants Ltd
5.1% - Industry AVG
Employees
with 3 employees, this is above the industry average (2)
3 - Thornton Accountants Ltd
2 - Industry AVG
Pay Structure
on an average salary of £15.8k, the company has an equivalent pay structure (£15.8k)
- Thornton Accountants Ltd
£15.8k - Industry AVG
Efficiency
resulting in sales per employee of £43.6k, this is equally as efficient (£43.6k)
- Thornton Accountants Ltd
£43.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Thornton Accountants Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Thornton Accountants Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Thornton Accountants Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 223 weeks, this is more cash available to meet short term requirements (47 weeks)
223 weeks - Thornton Accountants Ltd
47 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99%, this is a higher level of debt than the average (69.9%)
99% - Thornton Accountants Ltd
69.9% - Industry AVG
THORNTON ACCOUNTANTS LTD financials
Thornton Accountants Ltd's latest turnover from August 2023 is estimated at £130.8 thousand and the company has net assets of £448. According to their latest financial statements, Thornton Accountants Ltd has 3 employees and maintains cash reserves of £33.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 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 | 3 | 3 | 3 | 3 | 3 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 343 | 419 | 511 | 623 | 760 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 1,079 | 1,042 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,422 | 1,461 | 511 | 623 | 760 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 47,156 | 36,989 | 5,413 | 200 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 7,576 | 24,117 | 0 | 0 | 0 | 0 |
| Cash | 33,555 | 23,430 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 41,131 | 47,547 | 47,156 | 36,989 | 5,413 | 200 |
| total assets | 42,553 | 49,008 | 47,667 | 37,612 | 6,173 | 200 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 3,266 | 32,150 | 5,979 | 57 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 7,816 | 6,141 | 0 | 0 | 0 | 0 |
| total current liabilities | 7,816 | 6,141 | 3,266 | 32,150 | 5,979 | 57 |
| loans | 34,289 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 38,298 | 40,000 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 34,289 | 38,298 | 40,000 | 0 | 0 | 0 |
| total liabilities | 42,105 | 44,439 | 43,266 | 32,150 | 5,979 | 57 |
| net assets | 448 | 4,569 | 4,401 | 5,462 | 194 | 143 |
| total shareholders funds | 448 | 4,569 | 4,401 | 5,462 | 194 | 143 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 76 | 92 | 0 | |||
| Amortisation | 0 | 0 | 0 | |||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -16,504 | -21,997 | 10,167 | 31,576 | 5,213 | 200 |
| Creditors | 0 | -3,266 | -28,884 | 26,171 | 5,922 | 57 |
| Accruals and Deferred Income | 1,675 | 6,141 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 34,289 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -38,298 | -1,702 | 40,000 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 10,125 | 23,430 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 10,125 | 23,430 | 0 | 0 | 0 | 0 |
thornton accountants ltd Credit Report and Business Information
Thornton Accountants Ltd Competitor Analysis
Perform a competitor analysis for thornton accountants ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in CR0 area or any other competitors across 12 key performance metrics.
thornton accountants ltd Ownership
THORNTON ACCOUNTANTS LTD group structure
Thornton Accountants Ltd has no subsidiary companies.
Ultimate parent company
THORNTON ACCOUNTANTS LTD
10897217
thornton accountants ltd directors
Thornton Accountants Ltd currently has 1 director, Mr Safdar Hussain serving since Aug 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Safdar Hussain | United Kingdom | 52 years | Aug 2017 | - | Director |
P&L
August 2023turnover
130.8k
+4%
operating profit
-3.7k
0%
gross margin
69.9%
-0.69%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
448
-0.9%
total assets
42.6k
-0.13%
cash
33.6k
+0.43%
net assets
Total assets minus all liabilities
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thornton accountants ltd company details
company number
10897217
Type
Private limited with Share Capital
industry
69202 - Bookkeeping activities
incorporation date
August 2017
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
N/A
accountant
CERTIFIED ACCOUNTANTS AND TAX ADVISORS
auditor
-
address
challenge house, slz 1, 616 mitcham road, croydon, CR0 3AA
Bank
-
Legal Advisor
-
thornton accountants 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 thornton accountants ltd.
thornton accountants ltd Companies House Filings - See Documents
| date | description | view/download |
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