thrasio uk holdings, ltd
thrasio uk holdings, ltd Company Information
Company Number
11503058
Website
lampedo.comRegistered Address
54 portland place, london, W1B 1DY
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
-
Next Accounts Due
37 days late
Group Structure
View All
Directors
Stephen Nee0 Years
Shareholders
thras.io inc. 100%
thrasio uk holdings, ltd Estimated Valuation
Pomanda estimates the enterprise value of THRASIO UK HOLDINGS, LTD at £60.5m based on a Turnover of £36.5m and 1.66x industry multiple (adjusted for size and gross margin).
thrasio uk holdings, ltd Estimated Valuation
Pomanda estimates the enterprise value of THRASIO UK HOLDINGS, LTD at £0 based on an EBITDA of £-8.8m and a 6.36x industry multiple (adjusted for size and gross margin).
thrasio uk holdings, ltd Estimated Valuation
Pomanda estimates the enterprise value of THRASIO UK HOLDINGS, LTD at £0 based on Net Assets of £-84.9m and 1.86x industry multiple (adjusted for liquidity).
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Thrasio Uk Holdings, Ltd Overview
Thrasio Uk Holdings, Ltd is a live company located in london, W1B 1DY with a Companies House number of 11503058. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in August 2018, it's largest shareholder is thras.io inc. with a 100% stake. Thrasio Uk Holdings, Ltd is a young, large sized company, Pomanda has estimated its turnover at £36.5m with rapid growth in recent years.
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Thrasio Uk Holdings, Ltd Health Check
Pomanda's financial health check has awarded Thrasio Uk Holdings, Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
7 Weak
Size
annual sales of £36.5m, make it larger than the average company (£17.9m)
£36.5m - Thrasio Uk Holdings, Ltd
£17.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 518%, show it is growing at a faster rate (6.5%)
- Thrasio Uk Holdings, Ltd
6.5% - Industry AVG
Production
with a gross margin of 16.6%, this company has a higher cost of product (36%)
16.6% - Thrasio Uk Holdings, Ltd
36% - Industry AVG
Profitability
an operating margin of -28.2% make it less profitable than the average company (5.2%)
-28.2% - Thrasio Uk Holdings, Ltd
5.2% - Industry AVG
Employees
with 10 employees, this is below the industry average (105)
10 - Thrasio Uk Holdings, Ltd
105 - Industry AVG
Pay Structure
on an average salary of £44k, the company has an equivalent pay structure (£42k)
£44k - Thrasio Uk Holdings, Ltd
£42k - Industry AVG
Efficiency
resulting in sales per employee of £3.6m, this is more efficient (£178.4k)
£3.6m - Thrasio Uk Holdings, Ltd
£178.4k - Industry AVG
Debtor Days
it gets paid by customers after 16 days, this is earlier than average (47 days)
16 days - Thrasio Uk Holdings, Ltd
47 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (48 days)
1 days - Thrasio Uk Holdings, Ltd
48 days - Industry AVG
Stock Days
it holds stock equivalent to 82 days, this is more than average (43 days)
82 days - Thrasio Uk Holdings, Ltd
43 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (15 weeks)
1 weeks - Thrasio Uk Holdings, Ltd
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 648.7%, this is a higher level of debt than the average (69.8%)
648.7% - Thrasio Uk Holdings, Ltd
69.8% - Industry AVG
THRASIO UK HOLDINGS, LTD financials
Thrasio Uk Holdings, Ltd's latest turnover from December 2022 is £36.5 million and the company has net assets of -£84.9 million. According to their latest financial statements, Thrasio Uk Holdings, Ltd has 10 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| Turnover | 36,468,766 | 22,574,624 | 12,178,682 | |
| Other Income Or Grants | 0 | 0 | 0 | |
| Cost Of Sales | 30,433,124 | 17,689,974 | 10,227,678 | |
| Gross Profit | 6,035,642 | 4,884,650 | 1,951,004 | |
| Admin Expenses | 16,312,450 | 45,054,375 | 13,881,772 | |
| Operating Profit | -10,276,808 | -40,169,725 | -11,930,768 | |
| Interest Payable | 8,644,093 | 6,152,555 | 2,291,252 | |
| Interest Receivable | 35 | 4,241 | 0 | |
| Pre-Tax Profit | -18,920,866 | -46,318,039 | -14,222,020 | |
| Tax | 1,056,237 | -484,641 | -34,266 | |
| Profit After Tax | -17,864,629 | -46,802,680 | -14,256,286 | |
| Dividends Paid | 0 | 0 | 0 | |
| Retained Profit | -17,864,629 | -46,802,680 | -14,256,286 | |
| Employee Costs | 439,601 | 154,777 | 25,183 | |
| Number Of Employees | 10 | 7 | 5 | 1 |
| EBITDA* | -8,801,741 | -36,749,881 | -10,412,313 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| Tangible Assets | 0 | 54,736 | 2,079 | 0 |
| Intangible Assets | 614,150 | 4,370,826 | 0 | 0 |
| Investments & Other | 0 | 0 | 2,033,343 | 8,051,069 |
| Debtors (Due After 1 year) | 0 | 33,000 | 0 | 0 |
| Total Fixed Assets | 614,150 | 4,458,562 | 2,035,422 | 8,051,069 |
| Stock & work in progress | 6,908,078 | 1,981,416 | 1,804,346 | 0 |
| Trade Debtors | 1,626,983 | 2,395,019 | 752,217 | 0 |
| Group Debtors | 0 | 0 | 14,637,654 | 0 |
| Misc Debtors | 4,221,771 | 1,404,983 | 213,648 | 0 |
| Cash | 2,096,982 | 9,430,429 | 3,277,277 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 14,853,814 | 15,211,847 | 20,685,142 | 0 |
| total assets | 15,467,964 | 19,670,409 | 22,720,564 | 8,051,069 |
| Bank overdraft | 0 | 6,143 | 119,573 | 0 |
| Bank loan | 0 | 0 | 102,208 | 0 |
| Trade Creditors | 142,741 | 389,741 | 382,688 | 0 |
| Group/Directors Accounts | 93,488,014 | 77,220,875 | 36,294,827 | 7,861,301 |
| other short term finances | 4,291,995 | 1,856,738 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 2,418,967 | 3,161,949 | 4,099,749 | 764,348 |
| total current liabilities | 100,341,717 | 82,635,446 | 40,999,045 | 8,625,649 |
| loans | 0 | 4,044,087 | 193,788 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 1,734,175 | 401,477 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 4,044,087 | 1,927,963 | 401,477 |
| total liabilities | 100,341,717 | 86,679,533 | 42,927,008 | 9,027,126 |
| net assets | -84,873,753 | -67,009,124 | -20,206,444 | -976,057 |
| total shareholders funds | -84,873,753 | -67,009,124 | -20,206,444 | -976,057 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -10,276,808 | -40,169,725 | -11,930,768 | |
| Depreciation | 3,871 | 0 | 0 | 0 |
| Amortisation | 1,471,196 | 3,419,844 | 1,518,455 | 0 |
| Tax | 1,056,237 | -484,641 | -34,266 | |
| Stock | 4,926,662 | 177,070 | 1,804,346 | 0 |
| Debtors | 2,015,752 | -11,770,517 | 15,603,519 | 0 |
| Creditors | -247,000 | 7,053 | 382,688 | 0 |
| Accruals and Deferred Income | -742,982 | -937,800 | 3,335,401 | 764,348 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | -15,677,900 | -26,571,822 | -24,136,355 | |
| Investing Activities | ||||
| capital expenditure | 0 | 0 | 0 | |
| Change in Investments | 0 | -2,033,343 | -6,017,726 | 8,051,069 |
| cash flow from investments | 0 | 2,033,343 | 6,017,726 | |
| Financing Activities | ||||
| Bank loans | 0 | -102,208 | 102,208 | 0 |
| Group/Directors Accounts | 16,267,139 | 40,926,048 | 28,433,526 | 7,861,301 |
| Other Short Term Loans | 2,435,257 | 1,856,738 | 0 | 0 |
| Long term loans | -4,044,087 | 3,850,299 | 193,788 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -1,734,175 | 1,332,698 | 401,477 |
| share issue | ||||
| interest | -8,644,058 | -6,148,314 | -2,291,252 | |
| cash flow from financing | 6,014,251 | 38,648,388 | 22,796,867 | |
| cash and cash equivalents | ||||
| cash | -7,333,447 | 6,153,152 | 3,277,277 | 0 |
| overdraft | -6,143 | -113,430 | 119,573 | 0 |
| change in cash | -7,327,304 | 6,266,582 | 3,157,704 | 0 |
thrasio uk holdings, ltd Credit Report and Business Information
Thrasio Uk Holdings, Ltd Competitor Analysis
Perform a competitor analysis for thrasio uk holdings, ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in W1B area or any other competitors across 12 key performance metrics.
thrasio uk holdings, ltd Ownership
THRASIO UK HOLDINGS, LTD group structure
Thrasio Uk Holdings, Ltd has 22 subsidiary companies.
Ultimate parent company
THRAS.IO INC
#0068157
1 parent
THRASIO UK HOLDINGS, LTD
11503058
22 subsidiaries
thrasio uk holdings, ltd directors
Thrasio Uk Holdings, Ltd currently has 1 director, Mr Stephen Nee serving since May 2024.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Nee | England | 52 years | May 2024 | - | Director |
P&L
December 2022turnover
36.5m
+62%
operating profit
-10.3m
-74%
gross margin
16.6%
-23.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-84.9m
+0.27%
total assets
15.5m
-0.21%
cash
2.1m
-0.78%
net assets
Total assets minus all liabilities
thrasio uk holdings, ltd company details
company number
11503058
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
August 2018
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2022
previous names
lampedo ltd (January 2022)
accountant
-
auditor
BLICK ROTHENBERG AUDIT LLP
address
54 portland place, london, W1B 1DY
Bank
-
Legal Advisor
-
thrasio uk holdings, 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 thrasio uk holdings, ltd. Currently there are 1 open charges and 2 have been satisfied in the past.
thrasio uk holdings, ltd Companies House Filings - See Documents
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