Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Pomanda estimates the enterprise value of THIRDWAY HOLDINGS LIMITED at £181.8m based on a Turnover of £86.7m and 2.1x industry multiple (adjusted for size and gross margin).
thirdway holdings limitedEstimated Valuation
£21.8m
Pomanda estimates the enterprise value of THIRDWAY HOLDINGS LIMITED at £21.8m based on an EBITDA of £2.5m and a 8.76x industry multiple (adjusted for size and gross margin).
thirdway holdings limitedEstimated Valuation
£4.9m
Pomanda estimates the enterprise value of THIRDWAY HOLDINGS LIMITED at £4.9m based on Net Assets of £3.8m and 1.31x industry multiple (adjusted for liquidity).
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Thirdway Holdings LimitedOverview
Thirdway Holdings Limited is a live company located in london, W1D 5EU with a Companies House number of 13090903. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in December 2020, it's largest shareholder is
benjamin jordan paisley gillam
with a 65.3% stake. Thirdway Holdings Limited is a young,
large sized company, Pomanda has estimated its turnover at
£86.7m with
unknown
growth in recent years.
Pomanda's financial health check has awarded Thirdway Holdings Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
3 Strong
0 Regular
7 Weak
Size
annual sales of £86.7m, make it larger than the average company (£18.9m)
£86.7m - Thirdway Holdings Limited
£18.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Thirdway Holdings Limited
- - Industry AVG
Production
with a gross margin of 26.4%, this company has a higher cost of product (36.3%)
26.4% - Thirdway Holdings Limited
36.3% - Industry AVG
Profitability
an operating margin of 2.1% make it less profitable than the average company (4.5%)
2.1% - Thirdway Holdings Limited
4.5% - Industry AVG
Employees
with 165 employees, this is above the industry average (104)
165 - Thirdway Holdings Limited
104 - Industry AVG
Pay Structure
on an average salary of £90.3k, the company has a higher pay structure (£44.7k)
£90.3k - Thirdway Holdings Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £525.5k, this is more efficient (£191k)
£525.5k - Thirdway Holdings Limited
£191k - Industry AVG
Debtor Days
it gets paid by customers after 104 days, this is later than average (45 days)
104 days - Thirdway Holdings Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 39 days, this is quicker than average (44 days)
39 days - Thirdway Holdings Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Thirdway Holdings Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 5 weeks, this is less cash available to meet short term requirements (14 weeks)
5 weeks - Thirdway Holdings Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89.3%, this is a higher level of debt than the average (69.6%)
89.3% - Thirdway Holdings Limited
69.6% - Industry AVG
THIRDWAY HOLDINGS LIMITED financials
EXPORT
Thirdway Holdings Limited's latest turnover from December 2023 is £86.7 million and the company has net assets of £3.8 million. According to their latest financial statements, Thirdway Holdings Limited has 165 employees and maintains cash reserves of £2.8 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Turnover
86,715,613
70,023,563
Other Income Or Grants
Cost Of Sales
63,848,737
54,423,810
Gross Profit
22,866,876
15,599,753
Admin Expenses
21,009,309
13,104,349
2,500
Operating Profit
1,857,567
2,495,404
-2,500
Interest Payable
311,427
217,870
85,999
Interest Receivable
25,666
2,432
Pre-Tax Profit
2,159,243
2,487,377
-88,499
Tax
-453,436
-503,991
Profit After Tax
1,705,807
1,983,386
-88,499
Dividends Paid
Retained Profit
-18,235
1,939,569
-88,499
Employee Costs
14,895,534
8,211,049
Number Of Employees
165
153
1
EBITDA*
2,489,227
2,866,427
-2,500
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Tangible Assets
403,278
613,219
Intangible Assets
1,998,085
2,235,831
Investments & Other
2,170,409
2,113,020
1,529,735
Debtors (Due After 1 year)
Total Fixed Assets
4,571,772
4,962,070
1,529,735
Stock & work in progress
Trade Debtors
24,829,769
27,458,451
Group Debtors
Misc Debtors
3,041,393
2,988,911
1
Cash
2,765,635
5,100,690
misc current assets
total current assets
30,636,797
35,548,052
1
total assets
35,208,569
40,510,122
1,529,736
Bank overdraft
Bank loan
Trade Creditors
6,861,984
8,619,675
Group/Directors Accounts
other short term finances
hp & lease commitments
50,411
other current liabilities
19,593,081
24,839,696
260,115
total current liabilities
26,455,065
33,509,782
260,115
loans
4,941,637
4,894,792
1,358,119
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
54,245
71,968
total long term liabilities
4,995,882
4,966,760
1,358,119
total liabilities
31,450,947
38,476,542
1,618,234
net assets
3,757,622
2,033,580
-88,498
total shareholders funds
3,757,622
2,033,580
-88,498
Dec 2023
Dec 2022
Dec 2021
Operating Activities
Operating Profit
1,857,567
2,495,404
-2,500
Depreciation
393,914
232,337
Amortisation
237,746
138,686
Tax
-453,436
-503,991
Stock
Debtors
-2,576,200
30,447,361
1
Creditors
-1,757,691
8,619,675
Accruals and Deferred Income
-5,246,615
24,579,581
260,115
Deferred Taxes & Provisions
-17,723
71,968
Cash flow from operations
-2,410,038
5,186,299
257,614
Investing Activities
capital expenditure
Change in Investments
57,389
583,285
1,529,735
cash flow from investments
-57,389
-583,285
-1,529,735
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
46,845
3,536,673
1,358,119
Hire Purchase and Lease Commitments
-50,411
50,411
other long term liabilities
share issue
1,742,277
182,509
1
interest
-285,761
-215,438
-85,999
cash flow from financing
1,452,950
3,554,155
1,272,121
cash and cash equivalents
cash
-2,335,055
5,100,690
overdraft
change in cash
-2,335,055
5,100,690
thirdway holdings limited 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 thirdway holdings limited. Get real-time insights into thirdway holdings limited's credit score, group structure and payment trends.
Perform a competitor analysis for thirdway holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in W1D area or any other competitors across 12 key performance metrics.
thirdway holdings limited Ownership
THIRDWAY HOLDINGS LIMITED group structure
Thirdway Holdings Limited has 1 subsidiary company.
The largest shareholders in Thirdway Holdings Limited include Benjamin Jordan Paisley Gillam and Mason Jay Booth.
benjamin jordan paisley gillam
65.35%
mason jay booth
21.1%
kenneth matthew kelly
5.27%
harvey dermot martin thomas
1.58%
william robert george macpherson
1.58%
abigail emma munslow
0.53%
alexander shaun gilbert
0.53%
robert john goulder
0.53%
duncan taylor
0.34%
patricia valerie watson
0.34%
thirdway holdings limited directors
Thirdway Holdings Limited currently has 4 directors.
The longest serving directors include
Mr Benjamin Gillam (Dec 2020) and
Mr Mason Booth (May 2022).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023
net assets
3.8m
+0.85%
total assets
35.2m
-0.13%
cash
2.8m
-0.46%
net assets
Total assets minus all liabilities
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thirdway holdings limited company details
company number
13090903
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.
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 1 charges/mortgages relating to thirdway holdings limited. Currently there are 1 open charges and 0 have been satisfied in the past.
thirdway holdings 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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thirdway holdings limitedCompanies House Filings - See Documents
