wynyard park house, wynyard avenue, billingham, TS22 5TB
Website
-
thornex developments limitedEstimated Valuation
£64.5k
Pomanda estimates the enterprise value of THORNEX DEVELOPMENTS LIMITED at £64.5k based on a Turnover of £88.2k and 0.73x industry multiple (adjusted for size and gross margin).
thornex developments limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of THORNEX DEVELOPMENTS LIMITED at £0 based on an EBITDA of £0 and a 3.19x industry multiple (adjusted for size and gross margin).
thornex developments limitedEstimated Valuation
£81
Pomanda estimates the enterprise value of THORNEX DEVELOPMENTS LIMITED at £81 based on Net Assets of £50 and 1.62x industry multiple (adjusted for liquidity).
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Thornex Developments LimitedOverview
Thornex Developments Limited is a live company located in billingham, TS22 5TB with a Companies House number of 13868355. It operates in the activities of construction holding companies sector, SIC Code 64203. Founded in January 2022, it's largest shareholder is
joseph musgrave
with a 100% stake. Thornex Developments Limited is a startup,
micro sized company, Pomanda has estimated its turnover at
£88.2k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Thornex Developments Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
1 Strong
1 Regular
5 Weak
Size
annual sales of £88.2k, make it smaller than the average company (£25.5m)
£88.2k - Thornex Developments Limited
£25.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Thornex Developments Limited
- - Industry AVG
Production
with a gross margin of 10.6%, this company has a higher cost of product (17%)
10.6% - Thornex Developments Limited
17% - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - Thornex Developments Limited
- - Industry AVG
Employees
with 1 employees, this is below the industry average (79)
1 - Thornex Developments Limited
79 - Industry AVG
Pay Structure
on an average salary of £53.4k, the company has an equivalent pay structure (£53.4k)
£53.4k - Thornex Developments Limited
£53.4k - Industry AVG
Efficiency
resulting in sales per employee of £88.2k, this is less efficient (£362.6k)
£88.2k - Thornex Developments Limited
£362.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Thornex Developments Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (42 days)
0 days - Thornex Developments Limited
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Thornex Developments Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Thornex Developments Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50%, this is a lower level of debt than the average (60.6%)
50% - Thornex Developments Limited
60.6% - Industry AVG
THORNEX DEVELOPMENTS LIMITED financials
EXPORT
Thornex Developments Limited's latest turnover from January 2024 is estimated at £88.2 thousand and the company has net assets of £50. According to their latest financial statements, Thornex Developments Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jan 2024
Jan 2023
Turnover
88,191
80,933
Other Income Or Grants
Cost Of Sales
78,868
72,035
Gross Profit
9,323
8,897
Admin Expenses
9,323
8,835
Operating Profit
62
Interest Payable
Interest Receivable
Pre-Tax Profit
62
Tax
-12
Profit After Tax
50
Dividends Paid
Retained Profit
50
Employee Costs
53,405
49,174
Number Of Employees
1
1
EBITDA*
62
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jan 2024
Jan 2023
Tangible Assets
50
51
Intangible Assets
Investments & Other
50
50
Debtors (Due After 1 year)
Total Fixed Assets
100
101
Stock & work in progress
Trade Debtors
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets
total assets
100
101
Bank overdraft
Bank loan
Trade Creditors
50
51
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
50
51
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
50
51
net assets
50
50
total shareholders funds
50
50
Jan 2024
Jan 2023
Operating Activities
Operating Profit
62
Depreciation
Amortisation
Tax
-12
Stock
Debtors
Creditors
-1
51
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
-1
101
Investing Activities
capital expenditure
1
-51
Change in Investments
50
cash flow from investments
1
-101
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
interest
cash flow from financing
cash and cash equivalents
cash
overdraft
change in cash
thornex developments 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 thornex developments limited. Get real-time insights into thornex developments limited's credit score, group structure and payment trends.
Perform a competitor analysis for thornex developments limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in TS22 area or any other competitors across 12 key performance metrics.
thornex developments limited Ownership
THORNEX DEVELOPMENTS LIMITED group structure
Thornex Developments Limited has 1 subsidiary company.
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024
net assets
50
0%
total assets
100
-0.01%
cash
0
0%
net assets
Total assets minus all liabilities
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thornex developments limited company details
company number
13868355
Type
Private limited with Share Capital
industry
64203 - Activities of construction holding companies
incorporation date
January 2022
age
3
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
January 2024
previous names
N/A
accountant
-
auditor
-
address
wynyard park house, wynyard avenue, billingham, TS22 5TB
Bank
-
Legal Advisor
-
thornex developments 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 thornex developments limited.
thornex developments 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 THORNEX DEVELOPMENTS LIMITED. This can take several minutes, an email will notify you when this has completed.
thornex developments limitedCompanies House Filings - See Documents
