cordant thistle limited
cordant thistle limited Company Information
Company Number
SC230260
Website
www.cordantservices.comRegistered Address
titan enterprise business centre, 1 aurora avenue, clydebank, dunbartonshire, G81 1BF
Industry
Other business support service activities n.e.c.
Telephone
01895201800
Next Accounts Due
533 days late
Group Structure
View All
Shareholders
bidvest noonan (uk) limited 100%
cordant thistle limited Estimated Valuation
Pomanda estimates the enterprise value of CORDANT THISTLE LIMITED at £2.9m based on a Turnover of £6.3m and 0.45x industry multiple (adjusted for size and gross margin).
cordant thistle limited Estimated Valuation
Pomanda estimates the enterprise value of CORDANT THISTLE LIMITED at £1.9m based on an EBITDA of £531k and a 3.58x industry multiple (adjusted for size and gross margin).
cordant thistle limited Estimated Valuation
Pomanda estimates the enterprise value of CORDANT THISTLE LIMITED at £330.4k based on Net Assets of £633k and 0.52x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Cordant Thistle Limited Overview
Cordant Thistle Limited is a live company located in clydebank, G81 1BF with a Companies House number of SC230260. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in April 2002, it's largest shareholder is bidvest noonan (uk) limited with a 100% stake. Cordant Thistle Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.3m with rapid growth in recent years.
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Cordant Thistle Limited Health Check
Pomanda's financial health check has awarded Cordant Thistle Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
2 Weak
Size
annual sales of £6.3m, make it larger than the average company (£2.6m)
£6.3m - Cordant Thistle Limited
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 51%, show it is growing at a faster rate (1.3%)
51% - Cordant Thistle Limited
1.3% - Industry AVG
Production
with a gross margin of 16.8%, this company has a higher cost of product (36.9%)
16.8% - Cordant Thistle Limited
36.9% - Industry AVG
Profitability
an operating margin of 8.4% make it more profitable than the average company (5.3%)
8.4% - Cordant Thistle Limited
5.3% - Industry AVG
Employees
with 52 employees, this is above the industry average (21)
- Cordant Thistle Limited
21 - Industry AVG
Pay Structure
on an average salary of £11.8k, the company has a lower pay structure (£42.6k)
- Cordant Thistle Limited
£42.6k - Industry AVG
Efficiency
resulting in sales per employee of £121.9k, this is equally as efficient (£123.1k)
- Cordant Thistle Limited
£123.1k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is near the average (41 days)
43 days - Cordant Thistle Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 42 days, this is slower than average (36 days)
42 days - Cordant Thistle Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cordant Thistle Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is less cash available to meet short term requirements (28 weeks)
13 weeks - Cordant Thistle Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 56.1%, this is a lower level of debt than the average (64.5%)
56.1% - Cordant Thistle Limited
64.5% - Industry AVG
CORDANT THISTLE LIMITED financials
Cordant Thistle Limited's latest turnover from June 2021 is £6.3 million and the company has net assets of £633 thousand. According to their latest financial statements, we estimate that Cordant Thistle Limited has 52 employees and maintains cash reserves of £209 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,338,000 | 1,981,955 | 1,836,969 | 1,652,407 | 1,766,002 | 1,409,700 | 854,880 | 1,392,412 | 1,041,249 | 1,096,054 | 1,369,340 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 5,272,000 | 1,408,110 | 1,387,352 | 1,190,548 | 1,252,417 | 1,084,560 | 461,916 | 751,220 | 495,821 | 647,903 | 1,036,503 |
| Gross Profit | 1,066,000 | 573,845 | 449,617 | 461,859 | 513,585 | 325,140 | 392,964 | 641,192 | 545,428 | 448,151 | 332,837 |
| Admin Expenses | 536,000 | 300,180 | 253,250 | 253,808 | 323,715 | 240,144 | 242,248 | 240,618 | 245,706 | 228,928 | 216,957 |
| Operating Profit | 530,000 | 273,665 | 196,367 | 208,051 | 189,870 | 84,996 | 150,716 | 400,574 | 299,722 | 219,223 | 115,880 |
| Interest Payable | 6,000 | 0 | 0 | 0 | 184 | 0 | 0 | 0 | 0 | 478 | 3,621 |
| Interest Receivable | 0 | 0 | 0 | 144 | 0 | 0 | 0 | 109 | 2,372 | 0 | 0 |
| Pre-Tax Profit | 524,000 | 273,665 | -1,047,833 | 208,195 | 189,686 | 84,996 | 150,716 | 400,683 | 302,094 | 218,745 | 112,259 |
| Tax | -94,000 | -886 | -535 | 1,159 | -6,100 | -3,305 | -35,210 | -97,961 | -81,041 | -67,143 | -25,452 |
| Profit After Tax | 430,000 | 272,779 | -1,048,368 | 209,354 | 183,586 | 81,691 | 115,506 | 302,722 | 221,053 | 151,602 | 86,807 |
| Dividends Paid | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -570,000 | 272,779 | -1,048,368 | 209,354 | 183,586 | 81,691 | 115,506 | 302,722 | 221,053 | 151,602 | 86,807 |
| Employee Costs | 614,000 | 0 | 0 | 0 | 0 | 0 | 496,743 | ||||
| Number Of Employees | 16 | ||||||||||
| EBITDA* | 531,000 | 275,045 | 201,906 | 215,016 | 206,672 | 102,032 | 163,475 | 413,333 | 320,329 | 265,207 | 162,269 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 1,425 | 1,999 | 7,538 | 14,503 | 24,994 | 19,218 | 31,977 | 44,736 | 9,808 | 50,401 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,500 | 10,500 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 1,425 | 1,999 | 7,538 | 14,503 | 24,994 | 19,218 | 31,977 | 44,736 | 14,308 | 60,901 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 764,000 | 462,142 | 321,632 | 575,752 | 305,811 | 354,924 | 177,934 | 144,894 | 159,878 | 169,202 | 281,107 |
| Group Debtors | 298,000 | 18,787 | 48,341 | 1,263,527 | 1,257,663 | 1,352,877 | 1,243,689 | 1,288,580 | 303,036 | 264,944 | 493,190 |
| Misc Debtors | 170,000 | 17,394 | 39,368 | 15,699 | 16,573 | 22,503 | 18,349 | 23,844 | 99,654 | 49,826 | 32,648 |
| Cash | 209,000 | 1,045,501 | 835,167 | 552,236 | 536,936 | 575,173 | 427,722 | 285,049 | 856,036 | 628,933 | 132,673 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,441,000 | 1,543,824 | 1,244,508 | 2,407,214 | 2,116,983 | 2,305,477 | 1,867,694 | 1,742,367 | 1,418,604 | 1,112,905 | 939,618 |
| total assets | 1,441,000 | 1,545,249 | 1,246,507 | 2,414,752 | 2,131,486 | 2,330,471 | 1,886,912 | 1,774,344 | 1,463,340 | 1,127,213 | 1,000,519 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 611,000 | 208,929 | 231,895 | 296,777 | 272,579 | 140,782 | 103,894 | 95,866 | 107,765 | 92,578 | 118,750 |
| Group/Directors Accounts | 0 | 53,916 | 53,005 | 69,386 | 7,322 | 579,115 | 222,905 | 137,864 | 170,149 | 76,219 | 30,739 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,878 | 13,585 |
| other current liabilities | 197,000 | 79,311 | 31,293 | 69,907 | 82,257 | 24,832 | 41,592 | 136,911 | 79,448 | 69,910 | 88,229 |
| total current liabilities | 808,000 | 342,156 | 316,193 | 436,070 | 362,158 | 744,729 | 368,391 | 370,641 | 357,362 | 242,585 | 251,303 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,865 | 19,346 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 14,470 | 15,158 | 20,155 | 15,993 | 16,702 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 14,470 | 15,158 | 20,155 | 19,858 | 36,048 |
| total liabilities | 808,000 | 342,156 | 316,193 | 436,070 | 362,158 | 744,729 | 382,861 | 385,799 | 377,517 | 262,443 | 287,351 |
| net assets | 633,000 | 1,203,093 | 930,314 | 1,978,682 | 1,769,328 | 1,585,742 | 1,504,051 | 1,388,545 | 1,085,823 | 864,770 | 713,168 |
| total shareholders funds | 633,000 | 1,203,093 | 930,314 | 1,978,682 | 1,769,328 | 1,585,742 | 1,504,051 | 1,388,545 | 1,085,823 | 864,770 | 713,168 |
| Jun 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 530,000 | 273,665 | 196,367 | 208,051 | 189,870 | 84,996 | 150,716 | 400,574 | 299,722 | 219,223 | 115,880 |
| Depreciation | 1,000 | 1,380 | 5,539 | 6,965 | 16,802 | 17,036 | 12,759 | 12,759 | 16,107 | 39,984 | 40,389 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,500 | 6,000 | 6,000 |
| Tax | -94,000 | -886 | -535 | 1,159 | -6,100 | -3,305 | -35,210 | -97,961 | -81,041 | -67,143 | -25,452 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,232,000 | 88,982 | -1,445,637 | 274,931 | -150,257 | 290,332 | -17,346 | 894,750 | 78,596 | -322,973 | 806,945 |
| Creditors | 611,000 | -22,966 | -64,882 | 24,198 | 131,797 | 36,888 | 8,028 | -11,899 | 15,187 | -26,172 | 118,750 |
| Accruals and Deferred Income | 197,000 | 48,018 | -38,614 | -12,350 | 57,425 | -31,230 | -96,007 | 52,466 | 13,700 | -19,028 | 104,931 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 13,000 | 210,229 | 1,543,512 | -46,908 | 540,051 | -185,947 | 57,632 | -538,811 | 189,579 | 475,837 | -446,447 |
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 911 | -16,381 | 62,064 | -571,793 | 356,210 | 85,041 | -32,285 | 93,930 | 45,480 | 30,739 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7,743 | -25,188 | 32,931 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | -6,000 | 0 | 0 | 144 | -184 | 0 | 0 | 109 | 2,372 | -478 | -3,621 |
| cash flow from financing | 1,197,000 | 911 | -16,381 | 62,208 | -571,977 | 356,210 | 85,041 | -32,176 | 88,559 | 19,814 | 686,410 |
| cash and cash equivalents | |||||||||||
| cash | 209,000 | 210,334 | 282,931 | 15,300 | -38,237 | 147,451 | 142,673 | -570,987 | 227,103 | 496,260 | 132,673 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 209,000 | 210,334 | 282,931 | 15,300 | -38,237 | 147,451 | 142,673 | -570,987 | 227,103 | 496,260 | 132,673 |
cordant thistle limited Credit Report and Business Information
Cordant Thistle Limited Competitor Analysis
Perform a competitor analysis for cordant thistle limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in G81 area or any other competitors across 12 key performance metrics.
cordant thistle limited Ownership
CORDANT THISTLE LIMITED group structure
Cordant Thistle Limited has no subsidiary companies.
Ultimate parent company
THE BIDVEST GROUP LTD
#0037686
2 parents
CORDANT THISTLE LIMITED
SC230260
cordant thistle limited directors
Cordant Thistle Limited currently has 3 directors. The longest serving directors include Mr Declan Doyle (May 2021) and Mr Declan Doyle (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Declan Doyle | Ireland | 44 years | May 2021 | - | Director |
| Mr Declan Doyle | United Kingdom | 44 years | May 2021 | - | Director |
| Mr Guy Pakenham | United Kingdom | 54 years | May 2021 | - | Director |
P&L
June 2021turnover
6.3m
0%
operating profit
530k
0%
gross margin
16.9%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2021net assets
633k
0%
total assets
1.4m
0%
cash
209k
0%
net assets
Total assets minus all liabilities
Similar Companies
cordant thistle limited company details
company number
SC230260
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
April 2002
age
22
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
thistle window cleaning (scotland) limited (February 2015)
last accounts submitted
June 2021
address
titan enterprise business centre, 1 aurora avenue, clydebank, dunbartonshire, G81 1BF
accountant
-
auditor
BISHOP FLEMING LLP
cordant thistle 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 11 charges/mortgages relating to cordant thistle limited. Currently there are 2 open charges and 9 have been satisfied in the past.
cordant thistle limited Companies House Filings - See Documents
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