th glasshoughton bidco limited
th glasshoughton bidco limited Company Information
Company Number
11218421
Next Accounts
Mar 2026
Shareholders
th glasshoughton s.a.r.l.
jonathan haigh
View AllGroup Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
9b alpine court, glasshoughton, castleford, west yorkshire, WF10 4TL
Website
thompsonslimited.co.ukth glasshoughton bidco limited Estimated Valuation
Pomanda estimates the enterprise value of TH GLASSHOUGHTON BIDCO LIMITED at £88m based on a Turnover of £86.6m and 1.02x industry multiple (adjusted for size and gross margin).
th glasshoughton bidco limited Estimated Valuation
Pomanda estimates the enterprise value of TH GLASSHOUGHTON BIDCO LIMITED at £40.1m based on an EBITDA of £5.4m and a 7.44x industry multiple (adjusted for size and gross margin).
th glasshoughton bidco limited Estimated Valuation
Pomanda estimates the enterprise value of TH GLASSHOUGHTON BIDCO LIMITED at £0 based on Net Assets of £-13.6m and 2.13x industry multiple (adjusted for liquidity).
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Th Glasshoughton Bidco Limited Overview
Th Glasshoughton Bidco Limited is a live company located in castleford, WF10 4TL with a Companies House number of 11218421. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in February 2018, it's largest shareholder is th glasshoughton s.a.r.l. with a 67% stake. Th Glasshoughton Bidco Limited is a young, large sized company, Pomanda has estimated its turnover at £86.6m with declining growth in recent years.
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Th Glasshoughton Bidco Limited Health Check
Pomanda's financial health check has awarded Th Glasshoughton Bidco Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £86.6m, make it larger than the average company (£4.3m)
£86.6m - Th Glasshoughton Bidco Limited
£4.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (9.1%)
-4% - Th Glasshoughton Bidco Limited
9.1% - Industry AVG
Production
with a gross margin of 25%, this company has a higher cost of product (37.9%)
25% - Th Glasshoughton Bidco Limited
37.9% - Industry AVG
Profitability
an operating margin of 1.9% make it less profitable than the average company (5.5%)
1.9% - Th Glasshoughton Bidco Limited
5.5% - Industry AVG
Employees
with 328 employees, this is above the industry average (26)
328 - Th Glasshoughton Bidco Limited
26 - Industry AVG
Pay Structure
on an average salary of £53.3k, the company has an equivalent pay structure (£50.9k)
£53.3k - Th Glasshoughton Bidco Limited
£50.9k - Industry AVG
Efficiency
resulting in sales per employee of £264k, this is more efficient (£156.8k)
£264k - Th Glasshoughton Bidco Limited
£156.8k - Industry AVG
Debtor Days
it gets paid by customers after 95 days, this is later than average (38 days)
95 days - Th Glasshoughton Bidco Limited
38 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is slower than average (31 days)
41 days - Th Glasshoughton Bidco Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 27 days, this is in line with average (29 days)
27 days - Th Glasshoughton Bidco Limited
29 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (24 weeks)
2 weeks - Th Glasshoughton Bidco Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 127.5%, this is a higher level of debt than the average (59.9%)
127.5% - Th Glasshoughton Bidco Limited
59.9% - Industry AVG
TH GLASSHOUGHTON BIDCO LIMITED financials
Th Glasshoughton Bidco Limited's latest turnover from June 2024 is £86.6 million and the company has net assets of -£13.6 million. According to their latest financial statements, Th Glasshoughton Bidco Limited has 328 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|---|
| Turnover | 86,602,000 | 88,930,000 | 125,059,000 | 97,527,000 | 70,189,000 | 48,070,000 | 14,689,000 |
| Other Income Or Grants | |||||||
| Cost Of Sales | 64,954,000 | 68,190,000 | 105,714,000 | 74,748,000 | 54,999,000 | 35,697,000 | 10,841,000 |
| Gross Profit | 21,648,000 | 20,740,000 | 19,345,000 | 22,779,000 | 15,190,000 | 12,373,000 | 3,848,000 |
| Admin Expenses | 20,033,000 | 21,280,000 | 24,888,000 | 20,960,000 | 19,669,000 | 14,148,000 | 4,361,000 |
| Operating Profit | 1,615,000 | -540,000 | -5,543,000 | 1,819,000 | -4,479,000 | -1,775,000 | -513,000 |
| Interest Payable | 5,376,000 | 4,778,000 | 4,347,000 | 5,134,000 | 4,981,000 | 1,690,000 | 424,000 |
| Interest Receivable | 13,000 | ||||||
| Pre-Tax Profit | -3,761,000 | -3,898,000 | -19,942,000 | -3,315,000 | -16,753,000 | -3,465,000 | -937,000 |
| Tax | -514,000 | 326,000 | -32,000 | -345,000 | 736,000 | 17,000 | -150,000 |
| Profit After Tax | -4,275,000 | -3,572,000 | -19,974,000 | -3,660,000 | -16,017,000 | -3,448,000 | -1,087,000 |
| Dividends Paid | |||||||
| Retained Profit | -4,275,000 | -3,572,000 | -19,974,000 | -3,660,000 | -16,017,000 | -3,448,000 | -1,087,000 |
| Employee Costs | 17,479,000 | 18,754,000 | 23,722,000 | 17,349,000 | 15,333,000 | 12,272,000 | 2,485,000 |
| Number Of Employees | 328 | 386 | 438 | 347 | 323 | 261 | 246 |
| EBITDA* | 5,396,000 | 3,064,000 | -750,000 | 6,529,000 | 671,000 | 2,232,000 | 552,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 905,000 | 641,000 | 1,200,000 | 962,000 | 853,000 | 182,000 | 20,000 |
| Intangible Assets | 13,537,000 | 16,379,000 | 17,144,000 | 31,709,000 | 36,243,000 | 26,556,000 | 31,991,000 |
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 14,442,000 | 17,020,000 | 18,344,000 | 32,671,000 | 37,096,000 | 26,738,000 | 32,011,000 |
| Stock & work in progress | 4,824,000 | 3,447,000 | 8,421,000 | 8,520,000 | 4,132,000 | 2,189,000 | 4,335,000 |
| Trade Debtors | 22,754,000 | 15,813,000 | 18,674,000 | 22,503,000 | 7,964,000 | 9,109,000 | 9,364,000 |
| Group Debtors | |||||||
| Misc Debtors | 5,928,000 | 6,678,000 | 4,199,000 | 3,634,000 | 2,023,000 | 3,228,000 | 1,553,000 |
| Cash | 1,420,000 | 593,000 | 5,451,000 | 7,789,000 | 9,822,000 | 1,918,000 | 1,724,000 |
| misc current assets | |||||||
| total current assets | 34,926,000 | 26,531,000 | 36,745,000 | 42,446,000 | 23,941,000 | 16,444,000 | 16,976,000 |
| total assets | 49,368,000 | 43,551,000 | 55,089,000 | 75,117,000 | 61,037,000 | 43,182,000 | 48,987,000 |
| Bank overdraft | |||||||
| Bank loan | 1,004,000 | 1,000,000 | |||||
| Trade Creditors | 7,430,000 | 5,237,000 | 5,411,000 | 6,678,000 | 3,359,000 | 1,980,000 | 2,247,000 |
| Group/Directors Accounts | |||||||
| other short term finances | 1,021,000 | 1,568,000 | 931,000 | 881,000 | 20,168,000 | 415,000 | 210,000 |
| hp & lease commitments | 26,000 | 43,000 | 48,000 | ||||
| other current liabilities | 17,626,000 | 11,175,000 | 22,168,000 | 23,674,000 | 13,419,000 | 8,018,000 | 9,202,000 |
| total current liabilities | 26,103,000 | 18,023,000 | 28,558,000 | 31,233,000 | 36,946,000 | 11,417,000 | 12,659,000 |
| loans | 35,000,000 | 50,268,000 | 47,847,000 | 45,541,000 | 22,063,000 | 21,208,000 | 21,868,000 |
| hp & lease commitments | 87,000 | 78,000 | 105,000 | ||||
| Accruals and Deferred Income | |||||||
| other liabilities | 267,000 | 533,000 | |||||
| provisions | 1,473,000 | 1,875,000 | 2,232,000 | 2,029,000 | 2,282,000 | 2,305,000 | 2,752,000 |
| total long term liabilities | 36,827,000 | 52,754,000 | 50,184,000 | 47,570,000 | 24,345,000 | 23,513,000 | 24,620,000 |
| total liabilities | 62,930,000 | 70,777,000 | 78,742,000 | 78,803,000 | 61,291,000 | 34,930,000 | 37,279,000 |
| net assets | -13,562,000 | -27,226,000 | -23,653,000 | -3,686,000 | -254,000 | 8,252,000 | 11,708,000 |
| total shareholders funds | -13,562,000 | -27,226,000 | -23,653,000 | -3,686,000 | -254,000 | 8,252,000 | 11,708,000 |
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 1,615,000 | -540,000 | -5,543,000 | 1,819,000 | -4,479,000 | -1,775,000 | -513,000 |
| Depreciation | 447,000 | 303,000 | 234,000 | 163,000 | 120,000 | 27,000 | 13,000 |
| Amortisation | 3,334,000 | 3,301,000 | 4,559,000 | 4,547,000 | 5,030,000 | 3,980,000 | 1,052,000 |
| Tax | -514,000 | 326,000 | -32,000 | -345,000 | 736,000 | 17,000 | -150,000 |
| Stock | 1,377,000 | -4,974,000 | -99,000 | 4,388,000 | 1,943,000 | -2,146,000 | 4,335,000 |
| Debtors | 6,191,000 | -382,000 | -3,264,000 | 16,150,000 | -2,350,000 | 1,420,000 | 10,917,000 |
| Creditors | 2,193,000 | -174,000 | -1,267,000 | 3,319,000 | 1,379,000 | -267,000 | 2,247,000 |
| Accruals and Deferred Income | 6,451,000 | -10,993,000 | -1,506,000 | 10,255,000 | 5,401,000 | -1,184,000 | 9,202,000 |
| Deferred Taxes & Provisions | -402,000 | -357,000 | 203,000 | -253,000 | -23,000 | -447,000 | 2,752,000 |
| Cash flow from operations | 5,556,000 | -2,778,000 | 11,000 | -1,033,000 | 8,571,000 | 1,077,000 | -649,000 |
| Investing Activities | |||||||
| capital expenditure | -222,000 | -17,537,000 | |||||
| Change in Investments | |||||||
| cash flow from investments | -222,000 | -17,537,000 | |||||
| Financing Activities | |||||||
| Bank loans | -1,004,000 | 4,000 | 1,000,000 | ||||
| Group/Directors Accounts | |||||||
| Other Short Term Loans | -547,000 | 637,000 | 50,000 | -19,287,000 | 19,753,000 | 205,000 | 210,000 |
| Long term loans | -15,268,000 | 2,421,000 | 2,306,000 | 23,478,000 | 855,000 | -660,000 | 21,868,000 |
| Hire Purchase and Lease Commitments | -8,000 | -32,000 | 153,000 | ||||
| other long term liabilities | -266,000 | 533,000 | |||||
| share issue | |||||||
| interest | -5,376,000 | -4,765,000 | -4,347,000 | -5,134,000 | -4,981,000 | -1,690,000 | -424,000 |
| cash flow from financing | -3,526,000 | -1,207,000 | -1,831,000 | -715,000 | 22,134,000 | -2,149,000 | 35,449,000 |
| cash and cash equivalents | |||||||
| cash | 827,000 | -4,858,000 | -2,338,000 | -2,033,000 | 7,904,000 | 194,000 | 1,724,000 |
| overdraft | |||||||
| change in cash | 827,000 | -4,858,000 | -2,338,000 | -2,033,000 | 7,904,000 | 194,000 | 1,724,000 |
th glasshoughton bidco limited Credit Report and Business Information
Th Glasshoughton Bidco Limited Competitor Analysis
Perform a competitor analysis for th glasshoughton bidco limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in WF10 area or any other competitors across 12 key performance metrics.
th glasshoughton bidco limited Ownership
TH GLASSHOUGHTON BIDCO LIMITED group structure
Th Glasshoughton Bidco Limited has 1 subsidiary company.
Ultimate parent company
TH GLASSHOUGHTON SARL
#0177279
1 parent
TH GLASSHOUGHTON BIDCO LIMITED
11218421
1 subsidiary
th glasshoughton bidco limited directors
Th Glasshoughton Bidco Limited currently has 7 directors. The longest serving directors include Mr Jonathan Haigh (Mar 2018) and Mr Craig Bennett (Mar 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Haigh | England | 51 years | Mar 2018 | - | Director |
| Mr Craig Bennett | England | 47 years | Mar 2018 | - | Director |
| Mr Darren Hill | England | 61 years | Nov 2019 | - | Director |
| Mr David Dignam | England | 48 years | Jul 2021 | - | Director |
| Mr Matteo Siani | 48 years | Oct 2023 | - | Director | |
| Mr Adrian Ringrose | England | 58 years | Feb 2024 | - | Director |
| Mr Mohammed Tahir | England | 32 years | Nov 2024 | - | Director |
P&L
June 2024turnover
86.6m
-3%
operating profit
1.6m
-399%
gross margin
25%
+7.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
-13.6m
-0.5%
total assets
49.4m
+0.13%
cash
1.4m
+1.39%
net assets
Total assets minus all liabilities
th glasshoughton bidco limited company details
company number
11218421
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
February 2018
age
7
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
June 2024
previous names
N/A
accountant
-
auditor
GRANT THORNTON UK LLP
address
9b alpine court, glasshoughton, castleford, west yorkshire, WF10 4TL
Bank
-
Legal Advisor
-
th glasshoughton bidco 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 5 charges/mortgages relating to th glasshoughton bidco limited. Currently there are 4 open charges and 1 have been satisfied in the past.
th glasshoughton bidco 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.
Click to start generating capital raising & share issue transactions for TH GLASSHOUGHTON BIDCO LIMITED. This can take several minutes, an email will notify you when this has completed.
th glasshoughton bidco limited Companies House Filings - See Documents
| date | description | view/download |
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