three thistles plc

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three thistles plc Company Information

Share THREE THISTLES PLC

Company Number

SC306747

Shareholders

caledonian heritable limited

undisclosed

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Group Structure

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Industry

Public houses and bars

 

Registered Address

163 bath street, glasgow, G2 4SQ

three thistles plc Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of THREE THISTLES PLC at £1.4m based on a Turnover of £3.4m and 0.41x industry multiple (adjusted for size and gross margin).

three thistles plc Estimated Valuation

£0

Pomanda estimates the enterprise value of THREE THISTLES PLC at £0 based on an EBITDA of £-5.3k and a 2.71x industry multiple (adjusted for size and gross margin).

three thistles plc Estimated Valuation

£6.8m

Pomanda estimates the enterprise value of THREE THISTLES PLC at £6.8m based on Net Assets of £3.2m and 2.17x industry multiple (adjusted for liquidity).

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Three Thistles Plc Overview

Three Thistles Plc is a live company located in glasgow, G2 4SQ with a Companies House number of SC306747. It operates in the public houses and bars sector, SIC Code 56302. Founded in August 2006, it's largest shareholder is caledonian heritable limited with a 27.5% stake. Three Thistles Plc is a established, small sized company, Pomanda has estimated its turnover at £3.4m with high growth in recent years.

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Three Thistles Plc Health Check

Pomanda's financial health check has awarded Three Thistles Plc a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £3.4m, make it larger than the average company (£603k)

£3.4m - Three Thistles Plc

£603k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a slower rate (34.9%)

25% - Three Thistles Plc

34.9% - Industry AVG

production

Production

with a gross margin of 14.3%, this company has a higher cost of product (54.9%)

14.3% - Three Thistles Plc

54.9% - Industry AVG

profitability

Profitability

an operating margin of -3% make it less profitable than the average company (4%)

-3% - Three Thistles Plc

4% - Industry AVG

employees

Employees

with 92 employees, this is above the industry average (13)

92 - Three Thistles Plc

13 - Industry AVG

paystructure

Pay Structure

on an average salary of £15.3k, the company has an equivalent pay structure (£16.3k)

£15.3k - Three Thistles Plc

£16.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £37.2k, this is less efficient (£52.3k)

£37.2k - Three Thistles Plc

£52.3k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Three Thistles Plc

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 0 days, this is quicker than average (45 days)

0 days - Three Thistles Plc

45 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Three Thistles Plc

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1946 weeks, this is more cash available to meet short term requirements (15 weeks)

1946 weeks - Three Thistles Plc

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 2.7%, this is a lower level of debt than the average (74%)

2.7% - Three Thistles Plc

74% - Industry AVG

THREE THISTLES PLC financials

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Three Thistles Plc's latest turnover from September 2024 is £3.4 million and the company has net assets of £3.2 million. According to their latest financial statements, Three Thistles Plc has 92 employees and maintains cash reserves of £3.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2024Sep 2023Oct 2022Oct 2021Oct 2020Sep 2019Sep 2018Sep 2017Oct 2016Oct 2015Sep 2014Sep 2013Sep 2012Oct 2011Oct 2010Oct 2009
Turnover3,418,2534,021,3644,084,0691,739,0452,135,4144,700,8525,376,5735,787,8375,860,5835,650,2745,540,2545,563,3905,561,4505,509,7925,229,2764,559,760
Other Income Or Grants0000000000000000
Cost Of Sales2,929,0003,490,4693,327,6792,045,0262,238,2243,880,0184,623,9734,800,8674,655,8004,524,6214,809,2374,775,3444,714,1014,648,1884,414,1543,851,054
Gross Profit489,253530,895756,390-305,981-102,810820,834752,600986,9701,204,7831,125,653731,017788,046847,349861,604815,122708,706
Admin Expenses591,417646,473543,440-312,438140,712718,054753,472775,363796,653738,608322,146449,559477,737472,044429,192390,956
Operating Profit-102,164-115,578212,9506,457-243,522102,780-872211,607408,130387,045408,871338,487369,612389,560385,930317,750
Interest Payable96,796111,88568,29345,57243,70350,34150,11753,36058,90182,57989,88191,87378,84797,82178,76245,473
Interest Receivable16,83311,373980432,1251,6713083271,0503301671972981912052,462
Pre-Tax Profit-751,748-751,861-974,229-39,072-285,100-2,012,556-50,681-1,584,782410,386222,529319,157246,811291,063291,930307,373274,739
Tax00010,90060,625-13,318-3,509-43,773-19,486-57,931-64,926-79,047-65,011-61,875-85,662-65,812
Profit After Tax-751,748-751,861-974,229-28,172-224,475-2,025,874-54,190-1,628,555390,900164,598254,231167,764226,052230,055221,711208,927
Dividends Paid0000000112,50097,5000000000
Retained Profit-751,748-751,861-974,229-28,172-224,475-2,025,874-54,190-1,741,055293,400164,598254,231167,764226,052230,055221,711208,927
Employee Costs1,407,3861,474,8531,627,4531,345,8561,319,8121,668,2981,327,209079,99458,22038,41135,03849,42648,25646,08546,386
Number Of Employees9293104100105137154332223333
EBITDA*-5,34928,743339,077124,889-138,005255,175159,443385,874608,823617,625604,192531,234577,606611,530597,879475,910

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2024Sep 2023Oct 2022Oct 2021Oct 2020Sep 2019Sep 2018Sep 2017Oct 2016Oct 2015Sep 2014Sep 2013Sep 2012Oct 2011Oct 2010Oct 2009
Tangible Assets04,774,9955,440,0006,438,7206,488,1225,942,9088,895,3778,949,74010,816,85610,809,71110,921,86610,756,09810,775,80410,772,41110,300,3259,500,472
Intangible Assets0000000000000000
Investments & Other0000000010000000
Debtors (Due After 1 year)0000000000000000
Total Fixed Assets04,774,9955,440,0006,438,7206,488,1225,942,9088,895,3778,949,74010,816,85710,809,71110,921,86610,756,09810,775,80410,772,41110,300,3259,500,472
Stock & work in progress079,40490,50882,67274,35088,32898,46995,538100,33684,06687,89398,45081,37085,61279,17869,338
Trade Debtors011,9327,7455,32912,51746,5045,799753222702,7452,6221,24192111,6782,088
Group Debtors000000000036,42300000
Misc Debtors6,47051,58544,48864,93453,08661,83928,450144,447197,941375,376156,015164,729260,135252,968137,13897,635
Cash3,237,975905,1121,565,535799,323286,2151,384,943516,265824,276858,523543,083400,563311,426334,43981,329434,470454,876
misc current assets0000000000000000
total current assets3,244,4451,048,0331,708,276952,258426,1681,581,614648,9831,065,0141,156,8221,002,795683,639577,227677,185420,830662,464623,937
total assets3,244,4455,823,0287,148,2767,390,9786,914,2907,524,5229,544,36010,014,75411,973,67911,812,50611,605,50511,333,32511,452,98911,193,24110,962,78910,124,409
Bank overdraft000060,95700000000000
Bank loan086,540184,186181,6360180,000180,000180,000180,000180,0002,316,630148,0141,759,8162,248,901300,00072,615
Trade Creditors 3,024211,632200,120181,677171,215353,889228,133303,520444,173510,100481,127378,991352,386326,054344,700278,895
Group/Directors Accounts000000000006,023249,406193,34700
other short term finances0000000000000000
hp & lease commitments00000000000008,15911,92311,923
other current liabilities83,470262,606287,652224,610114,790264,136242,975458,193474,914349,849203,415145,339108,459105,795483,843608,697
total current liabilities86,494560,778671,958587,923346,962798,025651,108941,7131,099,0871,039,9493,001,172678,3672,470,0672,882,2561,140,466972,130
loans01,352,5511,759,0671,944,5401,669,7421,570,8561,699,4311,828,3201,881,6302,000,21202,317,741820,388384,4692,133,6561,700,000
hp & lease commitments000000000000004,25312,270
Accruals and Deferred Income0000000000000000
other liabilities0000000000000000
provisions000010,90044,48156,78753,49760,683133,466130,052117,167110,248100,28288,23565,541
total long term liabilities01,352,5511,759,0671,944,5401,680,6421,615,3371,756,2181,881,8171,942,3132,133,678130,0522,434,908930,636484,7512,226,1441,777,811
total liabilities86,4941,913,3292,431,0252,532,4632,027,6042,413,3622,407,3262,823,5303,041,4003,173,6273,131,2243,113,2753,400,7033,367,0073,366,6102,749,941
net assets3,157,9513,909,6994,717,2514,858,5154,886,6865,111,1607,137,0347,191,2248,932,2798,638,8798,474,2818,220,0508,052,2867,826,2347,596,1797,374,468
total shareholders funds3,157,9513,909,6994,717,2514,858,5154,886,6865,111,1607,137,0347,191,2248,932,2798,638,8798,474,2818,220,0508,052,2867,826,2347,596,1797,374,468
Sep 2024Sep 2023Oct 2022Oct 2021Oct 2020Sep 2019Sep 2018Sep 2017Oct 2016Oct 2015Sep 2014Sep 2013Sep 2012Oct 2011Oct 2010Oct 2009
Operating Activities
Operating Profit-102,164-115,578212,9506,457-243,522102,780-872211,607408,130387,045408,871338,487369,612389,560385,930317,750
Depreciation96,815144,321126,127118,432105,517152,395160,315174,267200,693230,580195,321192,747207,994221,970211,949158,160
Amortisation0000000000000000
Tax00010,90060,625-13,318-3,509-43,773-19,486-57,931-64,926-79,047-65,011-61,875-85,662-65,812
Stock-79,404-11,1047,8368,322-13,978-10,1412,931-4,79816,270-3,827-10,55717,080-4,2426,4349,84069,338
Debtors-57,04711,284-18,0304,660-42,74074,094-110,951-52,763-177,683180,46327,832-94,0257,487105,07349,09399,723
Creditors-208,60811,51218,44310,462-182,674125,756-75,387-140,653-65,92728,973102,13626,60526,332-18,64665,805278,895
Accruals and Deferred Income-179,136-25,04663,042109,820-149,34621,161-215,218-16,721125,065146,43458,07636,8802,664-378,048-124,854608,697
Deferred Taxes & Provisions000-10,900-33,581-12,3063,290-7,186-72,7833,41412,8856,9199,96612,04722,69465,541
Cash flow from operations-256,64215,029430,756232,189-386,263312,515-23,361235,102737,105561,879695,088599,536548,31253,501416,9291,194,170
Investing Activities
capital expenditure000000-105,952-57,016-213,597-118,425-361,089-173,041-211,387-694,056-1,011,802-3,108,340
Change in Investments0000000-110000000
cash flow from investments000000-105,952-57,015-213,598-118,425-361,089-173,041-211,387-694,056-1,011,802-3,108,340
Financing Activities
Bank loans-86,540-97,6462,550181,636-180,0000000-2,136,6302,168,616-1,611,802-489,0851,948,901227,38572,615
Group/Directors Accounts0000000000-6,023-243,38356,059193,34700
Other Short Term Loans 0000000000000000
Long term loans-1,352,551-406,516-185,473274,79898,886-128,575-128,889-53,310-118,5822,000,212-2,317,7411,497,353435,919-1,749,187433,6561,700,000
Hire Purchase and Lease Commitments000000000000-8,159-8,017-8,01724,193
other long term liabilities0000000000000000
share issue0-55,691832,9651100000000007,165,541
interest-79,963-100,512-67,313-45,529-41,578-48,670-49,809-53,033-57,851-82,249-89,714-91,676-78,549-97,630-78,557-43,011
cash flow from financing-1,519,054-660,365582,729410,906-122,691-177,245-178,698-106,343-176,433-218,667-244,862-449,508-83,815287,414574,4678,919,338
cash and cash equivalents
cash2,332,863-660,423766,212513,108-1,098,728868,678-308,011-34,247315,440142,52089,137-23,013253,110-353,141-20,406454,876
overdraft000-60,95760,95700000000000
change in cash2,332,863-660,423766,212574,065-1,159,685868,678-308,011-34,247315,440142,52089,137-23,013253,110-353,141-20,406454,876

three thistles plc Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Three Thistles Plc Competitor Analysis

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Perform a competitor analysis for three thistles plc by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in G 2 area or any other competitors across 12 key performance metrics.

three thistles plc Ownership

THREE THISTLES PLC group structure

Three Thistles Plc has no subsidiary companies.

Ultimate parent company

THREE THISTLES PLC

SC306747

THREE THISTLES PLC Shareholders

caledonian heritable limited 27.49%
undisclosed 8.26%
raphbros limited 5.28%
the derek raphael (1997) trust 4.4%
mr david james st clair low 4.34%
brewin nominees limited a/c nom 3.71%
mr peter mcgowan 3.36%
rathbone nominees limited 2.44%
mrs therese edwige emilie e. clarke 2.28%
jim nominees limited a/c jarvis 1.73%

three thistles plc directors

Three Thistles Plc currently has 2 directors. The longest serving directors include Mr Donald McIntyre (Aug 2015) and Mr David Low (Oct 2016).

officercountryagestartendrole
Mr Donald McIntyre65 years Aug 2015- Director
Mr David LowScotland66 years Oct 2016- Director

P&L

September 2024

turnover

3.4m

-15%

operating profit

-102.2k

-12%

gross margin

14.4%

+8.42%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2024

net assets

3.2m

-0.19%

total assets

3.2m

-0.44%

cash

3.2m

+2.58%

net assets

Total assets minus all liabilities

three thistles plc company details

company number

SC306747

Type

Public limited with Share Capital

industry

56302 - Public houses and bars

incorporation date

August 2006

age

19

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

September 2024

previous names

thistle pub company iii plc (February 2017)

accountant

-

auditor

MCLAY MCALISTER & MCGIBBON LLP

address

163 bath street, glasgow, G2 4SQ

Bank

THE ROYAL BANK OF SCOTLAND PLC

Legal Advisor

DAVIDSON CHALMERS STEWART LLP

three thistles plc 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 8 charges/mortgages relating to three thistles plc. Currently there are 0 open charges and 8 have been satisfied in the past.

three thistles plc 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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three thistles plc Companies House Filings - See Documents

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