thorncliffs limited
thorncliffs limited Company Information
Company Number
11180708
Next Accounts
Sep 2025
Shareholders
melbourne holdings limited
edward roach
View AllGroup Structure
View All
Industry
Agents involved in the sale of machinery, industrial equipment, ships and aircraft
Registered Address
melbourne park house, royal oak business park, sleaford, lincolnshire, NG34 7EQ
Website
www.thorncliffs.comthorncliffs limited Estimated Valuation
Pomanda estimates the enterprise value of THORNCLIFFS LIMITED at £1.5m based on a Turnover of £4.3m and 0.34x industry multiple (adjusted for size and gross margin).
thorncliffs limited Estimated Valuation
Pomanda estimates the enterprise value of THORNCLIFFS LIMITED at £1.2m based on an EBITDA of £283.9k and a 4.11x industry multiple (adjusted for size and gross margin).
thorncliffs limited Estimated Valuation
Pomanda estimates the enterprise value of THORNCLIFFS LIMITED at £835.5k based on Net Assets of £418.2k and 2x industry multiple (adjusted for liquidity).
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Thorncliffs Limited Overview
Thorncliffs Limited is a live company located in sleaford, NG34 7EQ with a Companies House number of 11180708. It operates in the agents involved in the sale of machinery, industrial equipment, ships and aircraft sector, SIC Code 46140. Founded in January 2018, it's largest shareholder is melbourne holdings limited with a 50% stake. Thorncliffs Limited is a young, small sized company, Pomanda has estimated its turnover at £4.3m with high growth in recent years.
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Thorncliffs Limited Health Check
Pomanda's financial health check has awarded Thorncliffs Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
5 Weak
Size
annual sales of £4.3m, make it smaller than the average company (£15m)
- Thorncliffs Limited
£15m - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (7.8%)
- Thorncliffs Limited
7.8% - Industry AVG
Production
with a gross margin of 27.2%, this company has a comparable cost of product (27.2%)
- Thorncliffs Limited
27.2% - Industry AVG
Profitability
an operating margin of 5.1% make it as profitable than the average company (5.5%)
- Thorncliffs Limited
5.5% - Industry AVG
Employees
with 8 employees, this is below the industry average (31)
8 - Thorncliffs Limited
31 - Industry AVG
Pay Structure
on an average salary of £54.3k, the company has an equivalent pay structure (£54.3k)
- Thorncliffs Limited
£54.3k - Industry AVG
Efficiency
resulting in sales per employee of £531.4k, this is more efficient (£374.3k)
- Thorncliffs Limited
£374.3k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (47 days)
- Thorncliffs Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is close to average (36 days)
- Thorncliffs Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 496 days, this is more than average (82 days)
- Thorncliffs Limited
82 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (10 weeks)
0 weeks - Thorncliffs Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92%, this is a higher level of debt than the average (61.8%)
92% - Thorncliffs Limited
61.8% - Industry AVG
THORNCLIFFS LIMITED financials
Thorncliffs Limited's latest turnover from December 2023 is estimated at £4.3 million and the company has net assets of £418.2 thousand. According to their latest financial statements, Thorncliffs Limited has 8 employees and maintains cash reserves of £61.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 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 | 8 | 7 | 6 | 6 | 4 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 768,125 | 717,384 | 617,120 | 173,864 | 24,401 | 24,108 |
| Intangible Assets | ||||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 768,125 | 717,384 | 617,120 | 173,864 | 24,401 | 24,108 |
| Stock & work in progress | 4,215,481 | 2,844,038 | 1,942,693 | 1,523,860 | 1,686,257 | 941,243 |
| Trade Debtors | 121,778 | 155,540 | 338,605 | 130,657 | 270,520 | 229,312 |
| Group Debtors | ||||||
| Misc Debtors | 51,915 | 35,868 | 91,386 | 166,882 | 3,675 | 2,580 |
| Cash | 61,056 | 41,145 | 44,065 | 15,775 | 307 | |
| misc current assets | ||||||
| total current assets | 4,450,230 | 3,035,446 | 2,413,829 | 1,865,464 | 1,976,227 | 1,173,442 |
| total assets | 5,218,355 | 3,752,830 | 3,030,949 | 2,039,328 | 2,000,628 | 1,197,550 |
| Bank overdraft | 3,495,239 | 2,296,566 | 2,334,227 | 1,611,728 | 1,769,265 | 1,146,541 |
| Bank loan | ||||||
| Trade Creditors | 288,116 | 480,784 | 251,906 | 194,073 | 151,815 | 30,276 |
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | 455,429 | 240,170 | ||||
| other current liabilities | 42,825 | 131,853 | 102,052 | 58,982 | 28,185 | 5,893 |
| total current liabilities | 4,281,609 | 3,149,373 | 2,688,185 | 1,864,783 | 1,949,265 | 1,182,710 |
| loans | ||||||
| hp & lease commitments | 471,156 | 40,595 | ||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | 47,417 | 38,737 | 14,451 | |||
| total long term liabilities | 518,573 | 79,332 | 14,451 | |||
| total liabilities | 4,800,182 | 3,228,705 | 2,702,636 | 1,864,783 | 1,949,265 | 1,182,710 |
| net assets | 418,173 | 524,125 | 328,313 | 174,545 | 51,363 | 14,840 |
| total shareholders funds | 418,173 | 524,125 | 328,313 | 174,545 | 51,363 | 14,840 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 65,662 | 37,467 | 17,269 | 6,237 | 8,650 | 3,900 |
| Amortisation | ||||||
| Tax | ||||||
| Stock | 1,371,443 | 901,345 | 418,833 | -162,397 | 745,014 | 941,243 |
| Debtors | -17,715 | -238,583 | 132,452 | 23,344 | 42,303 | 231,892 |
| Creditors | -192,668 | 228,878 | 57,833 | 42,258 | 121,539 | 30,276 |
| Accruals and Deferred Income | -89,028 | 29,801 | 43,070 | 30,797 | 22,292 | 5,893 |
| Deferred Taxes & Provisions | 8,680 | 24,286 | 14,451 | |||
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | ||||||
| Other Short Term Loans | ||||||
| Long term loans | ||||||
| Hire Purchase and Lease Commitments | 645,820 | 280,765 | ||||
| other long term liabilities | ||||||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 61,056 | -41,145 | -2,920 | 28,290 | 15,468 | 307 |
| overdraft | 1,198,673 | -37,661 | 722,499 | -157,537 | 622,724 | 1,146,541 |
| change in cash | -1,137,617 | -3,484 | -725,419 | 185,827 | -607,256 | -1,146,234 |
thorncliffs limited Credit Report and Business Information
Thorncliffs Limited Competitor Analysis
Perform a competitor analysis for thorncliffs limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in NG34 area or any other competitors across 12 key performance metrics.
thorncliffs limited Ownership
THORNCLIFFS LIMITED group structure
Thorncliffs Limited has no subsidiary companies.
thorncliffs limited directors
Thorncliffs Limited currently has 3 directors. The longest serving directors include Mr Edward Roach (Jan 2018) and Mr John Priestley (Jan 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Edward Roach | United Kingdom | 48 years | Jan 2018 | - | Director |
| Mr John Priestley | United Kingdom | 78 years | Jan 2018 | - | Director |
| Mr James Wetton | United Kingdom | 35 years | Jan 2018 | - | Director |
P&L
December 2023turnover
4.3m
+12%
operating profit
218.2k
0%
gross margin
27.2%
+6.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
418.2k
-0.2%
total assets
5.2m
+0.39%
cash
61.1k
0%
net assets
Total assets minus all liabilities
thorncliffs limited company details
company number
11180708
Type
Private limited with Share Capital
industry
46140 - Agents involved in the sale of machinery, industrial equipment, ships and aircraft
incorporation date
January 2018
age
7
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
WRIGHT VIGAR LTD
auditor
-
address
melbourne park house, royal oak business park, sleaford, lincolnshire, NG34 7EQ
Bank
-
Legal Advisor
-
thorncliffs 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 did not find charges/mortgages relating to thorncliffs limited.
thorncliffs 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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thorncliffs limited Companies House Filings - See Documents
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