thistle holdco limited
thistle holdco limited Company Information
Company Number
13342897
Next Accounts
26 days late
Industry
Non-trading company
Shareholders
trispan of loch lomond gp llp as general partner for & on behalf of trispan of loch lomond investments (uk) lp
jagdeep singh hans
View AllGroup Structure
View All
Contact
Registered Address
3rd floor 1 ashley road, altrincham, cheshire, WA14 2DT
Website
-thistle holdco limited Estimated Valuation
Pomanda estimates the enterprise value of THISTLE HOLDCO LIMITED at £56.6m based on a Turnover of £46.8m and 1.21x industry multiple (adjusted for size and gross margin).
thistle holdco limited Estimated Valuation
Pomanda estimates the enterprise value of THISTLE HOLDCO LIMITED at £0 based on an EBITDA of £-188.8k and a 23.01x industry multiple (adjusted for size and gross margin).
thistle holdco limited Estimated Valuation
Pomanda estimates the enterprise value of THISTLE HOLDCO LIMITED at £0 based on Net Assets of £-19.9m and 1.13x industry multiple (adjusted for liquidity).
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Thistle Holdco Limited Overview
Thistle Holdco Limited is a live company located in cheshire, WA14 2DT with a Companies House number of 13342897. It operates in the non-trading company sector, SIC Code 74990. Founded in April 2021, it's largest shareholder is trispan of loch lomond gp llp as general partner for & on behalf of trispan of loch lomond investments (uk) lp with a 77.6% stake. Thistle Holdco Limited is a startup, large sized company, Pomanda has estimated its turnover at £46.8m with unknown growth in recent years.
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Thistle Holdco Limited Health Check
Pomanda's financial health check has awarded Thistle Holdco Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £46.8m, make it larger than the average company (£2.9m)
£46.8m - Thistle Holdco Limited
£2.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Thistle Holdco Limited
- - Industry AVG
Production
with a gross margin of 42.9%, this company has a lower cost of product (35.6%)
42.9% - Thistle Holdco Limited
35.6% - Industry AVG
Profitability
an operating margin of -33.5% make it less profitable than the average company (5.5%)
-33.5% - Thistle Holdco Limited
5.5% - Industry AVG
Employees
with 441 employees, this is above the industry average (33)
441 - Thistle Holdco Limited
33 - Industry AVG
Pay Structure
on an average salary of £27.5k, the company has a lower pay structure (£38.1k)
£27.5k - Thistle Holdco Limited
£38.1k - Industry AVG
Efficiency
resulting in sales per employee of £106.1k, this is less efficient (£135.6k)
£106.1k - Thistle Holdco Limited
£135.6k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (40 days)
12 days - Thistle Holdco Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 44 days, this is close to average (41 days)
44 days - Thistle Holdco Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 12 days, this is less than average (44 days)
12 days - Thistle Holdco Limited
44 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (44 weeks)
10 weeks - Thistle Holdco Limited
44 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 120.3%, this is a higher level of debt than the average (44%)
120.3% - Thistle Holdco Limited
44% - Industry AVG
THISTLE HOLDCO LIMITED financials
Thistle Holdco Limited's latest turnover from March 2023 is £46.8 million and the company has net assets of -£19.9 million. According to their latest financial statements, Thistle Holdco Limited has 441 employees and maintains cash reserves of £3.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | |
|---|---|---|
| Turnover | 46,786,371 | 21,908,354 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 26,709,645 | 10,783,606 |
| Gross Profit | 20,076,726 | 11,124,748 |
| Admin Expenses | 35,757,848 | 12,099,023 |
| Operating Profit | -15,681,122 | -974,275 |
| Interest Payable | 6,928,139 | 3,440,935 |
| Interest Receivable | 0 | 0 |
| Pre-Tax Profit | -22,609,261 | -4,415,210 |
| Tax | 658,522 | -778,506 |
| Profit After Tax | -21,950,739 | -5,193,716 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -21,950,739 | -5,193,716 |
| Employee Costs | 12,119,425 | 5,040,089 |
| Number Of Employees | 441 | 274 |
| EBITDA* | -188,787 | 4,341,304 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | |
|---|---|---|
| Tangible Assets | 4,271,832 | 3,145,799 |
| Intangible Assets | 84,519,693 | 53,479,396 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 88,791,525 | 56,625,195 |
| Stock & work in progress | 923,236 | 1,212,839 |
| Trade Debtors | 1,636,659 | 1,515,551 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 3,833,612 | 3,114,344 |
| Cash | 3,132,207 | 1,766,434 |
| misc current assets | 0 | 0 |
| total current assets | 9,525,714 | 7,609,168 |
| total assets | 98,317,239 | 64,234,363 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 61,020 |
| Trade Creditors | 3,247,061 | 1,405,752 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 36,584 | 5,002 |
| other current liabilities | 12,085,426 | 5,644,144 |
| total current liabilities | 15,369,071 | 7,115,918 |
| loans | 100,429,460 | 58,278,348 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 2,448,302 | 2,048,458 |
| provisions | 0 | 571,945 |
| total long term liabilities | 102,877,762 | 60,898,751 |
| total liabilities | 118,246,833 | 68,014,669 |
| net assets | -19,929,594 | -3,780,306 |
| total shareholders funds | -19,929,594 | -3,780,306 |
| Mar 2023 | Mar 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | -15,681,122 | -974,275 |
| Depreciation | 1,540,676 | 646,152 |
| Amortisation | 13,951,659 | 4,669,427 |
| Tax | 658,522 | -778,506 |
| Stock | -289,603 | 1,212,839 |
| Debtors | 840,376 | 4,629,895 |
| Creditors | 1,841,309 | 1,405,752 |
| Accruals and Deferred Income | 6,441,282 | 5,644,144 |
| Deferred Taxes & Provisions | -571,945 | 571,945 |
| Cash flow from operations | 7,629,608 | 5,341,905 |
| Investing Activities | ||
| capital expenditure | 0 | 0 |
| Change in Investments | 0 | 0 |
| cash flow from investments | 0 | 0 |
| Financing Activities | ||
| Bank loans | -61,020 | 61,020 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 42,151,112 | 58,278,348 |
| Hire Purchase and Lease Commitments | 31,582 | 5,002 |
| other long term liabilities | 399,844 | 2,048,458 |
| share issue | ||
| interest | -6,928,139 | -3,440,935 |
| cash flow from financing | 41,394,830 | 58,365,303 |
| cash and cash equivalents | ||
| cash | 1,365,773 | 1,766,434 |
| overdraft | 0 | 0 |
| change in cash | 1,365,773 | 1,766,434 |
thistle holdco limited Credit Report and Business Information
Thistle Holdco Limited Competitor Analysis
Perform a competitor analysis for thistle holdco limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in WA14 area or any other competitors across 12 key performance metrics.
thistle holdco limited Ownership
THISTLE HOLDCO LIMITED group structure
Thistle Holdco Limited has 1 subsidiary company.
thistle holdco limited directors
Thistle Holdco Limited currently has 7 directors. The longest serving directors include Mr Joseph Dib (Apr 2021) and Mr Jagdeep Hans (Jun 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Joseph Dib | England | 44 years | Apr 2021 | - | Director |
| Mr Jagdeep Hans | England | 36 years | Jun 2021 | - | Director |
| Mr Fady Abouchalache | England | 60 years | Jun 2021 | - | Director |
| Dr Usman Goheer | United Kingdom | 42 years | Jun 2021 | - | Director |
| Mr Jeremy Richardson | United Kingdom | 54 years | Mar 2024 | - | Director |
| Mr Harvey Ainley | England | 58 years | Mar 2024 | - | Director |
| Vigneshwar Kumaravel | United Kingdom | 33 years | Sep 2024 | - | Director |
P&L
March 2023turnover
46.8m
+114%
operating profit
-15.7m
+1510%
gross margin
43%
-15.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-19.9m
+4.27%
total assets
98.3m
+0.53%
cash
3.1m
+0.77%
net assets
Total assets minus all liabilities
Similar Companies
thistle holdco limited company details
company number
13342897
Type
Private limited with Share Capital
industry
74990 - Non-trading company
incorporation date
April 2021
age
4
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
FORVIS MAZARS LLP
address
3rd floor 1 ashley road, altrincham, cheshire, WA14 2DT
Bank
-
Legal Advisor
-
thistle holdco 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 2 charges/mortgages relating to thistle holdco limited. Currently there are 2 open charges and 0 have been satisfied in the past.
thistle holdco 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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thistle holdco limited Companies House Filings - See Documents
| date | description | view/download |
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