three thistles plc Company Information
Company Number
SC306747
Next Accounts
Mar 2026
Shareholders
caledonian heritable limited
undisclosed
View AllGroup Structure
View All
Industry
Public houses and bars
Registered Address
163 bath street, glasgow, G2 4SQ
three thistles plc Estimated Valuation
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
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
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
4 Strong
1 Regular
5 Weak
Size
annual sales of £3.4m, make it larger than the average company (£603k)
£3.4m - Three Thistles Plc
£603k - Industry AVG
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
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
an operating margin of -3% make it less profitable than the average company (4%)
-3% - Three Thistles Plc
4% - Industry AVG
Employees
with 92 employees, this is above the industry average (13)
92 - Three Thistles Plc
13 - Industry AVG
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
resulting in sales per employee of £37.2k, this is less efficient (£52.3k)
£37.2k - Three Thistles Plc
£52.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Three Thistles Plc
- - Industry AVG
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
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Three Thistles Plc
- - Industry AVG
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
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
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 House, Pomanda Estimates
Sep 2024 | Sep 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Oct 2016 | Oct 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 3,418,253 | 4,021,364 | 4,084,069 | 1,739,045 | 2,135,414 | 4,700,852 | 5,376,573 | 5,787,837 | 5,860,583 | 5,650,274 | 5,540,254 | 5,563,390 | 5,561,450 | 5,509,792 | 5,229,276 | 4,559,760 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 2,929,000 | 3,490,469 | 3,327,679 | 2,045,026 | 2,238,224 | 3,880,018 | 4,623,973 | 4,800,867 | 4,655,800 | 4,524,621 | 4,809,237 | 4,775,344 | 4,714,101 | 4,648,188 | 4,414,154 | 3,851,054 |
Gross Profit | 489,253 | 530,895 | 756,390 | -305,981 | -102,810 | 820,834 | 752,600 | 986,970 | 1,204,783 | 1,125,653 | 731,017 | 788,046 | 847,349 | 861,604 | 815,122 | 708,706 |
Admin Expenses | 591,417 | 646,473 | 543,440 | -312,438 | 140,712 | 718,054 | 753,472 | 775,363 | 796,653 | 738,608 | 322,146 | 449,559 | 477,737 | 472,044 | 429,192 | 390,956 |
Operating Profit | -102,164 | -115,578 | 212,950 | 6,457 | -243,522 | 102,780 | -872 | 211,607 | 408,130 | 387,045 | 408,871 | 338,487 | 369,612 | 389,560 | 385,930 | 317,750 |
Interest Payable | 96,796 | 111,885 | 68,293 | 45,572 | 43,703 | 50,341 | 50,117 | 53,360 | 58,901 | 82,579 | 89,881 | 91,873 | 78,847 | 97,821 | 78,762 | 45,473 |
Interest Receivable | 16,833 | 11,373 | 980 | 43 | 2,125 | 1,671 | 308 | 327 | 1,050 | 330 | 167 | 197 | 298 | 191 | 205 | 2,462 |
Pre-Tax Profit | -751,748 | -751,861 | -974,229 | -39,072 | -285,100 | -2,012,556 | -50,681 | -1,584,782 | 410,386 | 222,529 | 319,157 | 246,811 | 291,063 | 291,930 | 307,373 | 274,739 |
Tax | 0 | 0 | 0 | 10,900 | 60,625 | -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 | -1,628,555 | 390,900 | 164,598 | 254,231 | 167,764 | 226,052 | 230,055 | 221,711 | 208,927 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 112,500 | 97,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | -751,748 | -751,861 | -974,229 | -28,172 | -224,475 | -2,025,874 | -54,190 | -1,741,055 | 293,400 | 164,598 | 254,231 | 167,764 | 226,052 | 230,055 | 221,711 | 208,927 |
Employee Costs | 1,407,386 | 1,474,853 | 1,627,453 | 1,345,856 | 1,319,812 | 1,668,298 | 1,327,209 | 0 | 79,994 | 58,220 | 38,411 | 35,038 | 49,426 | 48,256 | 46,085 | 46,386 |
Number Of Employees | 92 | 93 | 104 | 100 | 105 | 137 | 154 | 3 | 3 | 2 | 2 | 2 | 3 | 3 | 3 | 3 |
EBITDA* | -5,349 | 28,743 | 339,077 | 124,889 | -138,005 | 255,175 | 159,443 | 385,874 | 608,823 | 617,625 | 604,192 | 531,234 | 577,606 | 611,530 | 597,879 | 475,910 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2024 | Sep 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Oct 2016 | Oct 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 0 | 4,774,995 | 5,440,000 | 6,438,720 | 6,488,122 | 5,942,908 | 8,895,377 | 8,949,740 | 10,816,856 | 10,809,711 | 10,921,866 | 10,756,098 | 10,775,804 | 10,772,411 | 10,300,325 | 9,500,472 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 0 | 4,774,995 | 5,440,000 | 6,438,720 | 6,488,122 | 5,942,908 | 8,895,377 | 8,949,740 | 10,816,857 | 10,809,711 | 10,921,866 | 10,756,098 | 10,775,804 | 10,772,411 | 10,300,325 | 9,500,472 |
Stock & work in progress | 0 | 79,404 | 90,508 | 82,672 | 74,350 | 88,328 | 98,469 | 95,538 | 100,336 | 84,066 | 87,893 | 98,450 | 81,370 | 85,612 | 79,178 | 69,338 |
Trade Debtors | 0 | 11,932 | 7,745 | 5,329 | 12,517 | 46,504 | 5,799 | 753 | 22 | 270 | 2,745 | 2,622 | 1,241 | 921 | 11,678 | 2,088 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36,423 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 6,470 | 51,585 | 44,488 | 64,934 | 53,086 | 61,839 | 28,450 | 144,447 | 197,941 | 375,376 | 156,015 | 164,729 | 260,135 | 252,968 | 137,138 | 97,635 |
Cash | 3,237,975 | 905,112 | 1,565,535 | 799,323 | 286,215 | 1,384,943 | 516,265 | 824,276 | 858,523 | 543,083 | 400,563 | 311,426 | 334,439 | 81,329 | 434,470 | 454,876 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 3,244,445 | 1,048,033 | 1,708,276 | 952,258 | 426,168 | 1,581,614 | 648,983 | 1,065,014 | 1,156,822 | 1,002,795 | 683,639 | 577,227 | 677,185 | 420,830 | 662,464 | 623,937 |
total assets | 3,244,445 | 5,823,028 | 7,148,276 | 7,390,978 | 6,914,290 | 7,524,522 | 9,544,360 | 10,014,754 | 11,973,679 | 11,812,506 | 11,605,505 | 11,333,325 | 11,452,989 | 11,193,241 | 10,962,789 | 10,124,409 |
Bank overdraft | 0 | 0 | 0 | 0 | 60,957 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 86,540 | 184,186 | 181,636 | 0 | 180,000 | 180,000 | 180,000 | 180,000 | 180,000 | 2,316,630 | 148,014 | 1,759,816 | 2,248,901 | 300,000 | 72,615 |
Trade Creditors | 3,024 | 211,632 | 200,120 | 181,677 | 171,215 | 353,889 | 228,133 | 303,520 | 444,173 | 510,100 | 481,127 | 378,991 | 352,386 | 326,054 | 344,700 | 278,895 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,023 | 249,406 | 193,347 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,159 | 11,923 | 11,923 |
other current liabilities | 83,470 | 262,606 | 287,652 | 224,610 | 114,790 | 264,136 | 242,975 | 458,193 | 474,914 | 349,849 | 203,415 | 145,339 | 108,459 | 105,795 | 483,843 | 608,697 |
total current liabilities | 86,494 | 560,778 | 671,958 | 587,923 | 346,962 | 798,025 | 651,108 | 941,713 | 1,099,087 | 1,039,949 | 3,001,172 | 678,367 | 2,470,067 | 2,882,256 | 1,140,466 | 972,130 |
loans | 0 | 1,352,551 | 1,759,067 | 1,944,540 | 1,669,742 | 1,570,856 | 1,699,431 | 1,828,320 | 1,881,630 | 2,000,212 | 0 | 2,317,741 | 820,388 | 384,469 | 2,133,656 | 1,700,000 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,253 | 12,270 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 10,900 | 44,481 | 56,787 | 53,497 | 60,683 | 133,466 | 130,052 | 117,167 | 110,248 | 100,282 | 88,235 | 65,541 |
total long term liabilities | 0 | 1,352,551 | 1,759,067 | 1,944,540 | 1,680,642 | 1,615,337 | 1,756,218 | 1,881,817 | 1,942,313 | 2,133,678 | 130,052 | 2,434,908 | 930,636 | 484,751 | 2,226,144 | 1,777,811 |
total liabilities | 86,494 | 1,913,329 | 2,431,025 | 2,532,463 | 2,027,604 | 2,413,362 | 2,407,326 | 2,823,530 | 3,041,400 | 3,173,627 | 3,131,224 | 3,113,275 | 3,400,703 | 3,367,007 | 3,366,610 | 2,749,941 |
net assets | 3,157,951 | 3,909,699 | 4,717,251 | 4,858,515 | 4,886,686 | 5,111,160 | 7,137,034 | 7,191,224 | 8,932,279 | 8,638,879 | 8,474,281 | 8,220,050 | 8,052,286 | 7,826,234 | 7,596,179 | 7,374,468 |
total shareholders funds | 3,157,951 | 3,909,699 | 4,717,251 | 4,858,515 | 4,886,686 | 5,111,160 | 7,137,034 | 7,191,224 | 8,932,279 | 8,638,879 | 8,474,281 | 8,220,050 | 8,052,286 | 7,826,234 | 7,596,179 | 7,374,468 |
Sep 2024 | Sep 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Oct 2016 | Oct 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||||
Operating Profit | -102,164 | -115,578 | 212,950 | 6,457 | -243,522 | 102,780 | -872 | 211,607 | 408,130 | 387,045 | 408,871 | 338,487 | 369,612 | 389,560 | 385,930 | 317,750 |
Depreciation | 96,815 | 144,321 | 126,127 | 118,432 | 105,517 | 152,395 | 160,315 | 174,267 | 200,693 | 230,580 | 195,321 | 192,747 | 207,994 | 221,970 | 211,949 | 158,160 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | 0 | 0 | 0 | 10,900 | 60,625 | -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 | -11,104 | 7,836 | 8,322 | -13,978 | -10,141 | 2,931 | -4,798 | 16,270 | -3,827 | -10,557 | 17,080 | -4,242 | 6,434 | 9,840 | 69,338 |
Debtors | -57,047 | 11,284 | -18,030 | 4,660 | -42,740 | 74,094 | -110,951 | -52,763 | -177,683 | 180,463 | 27,832 | -94,025 | 7,487 | 105,073 | 49,093 | 99,723 |
Creditors | -208,608 | 11,512 | 18,443 | 10,462 | -182,674 | 125,756 | -75,387 | -140,653 | -65,927 | 28,973 | 102,136 | 26,605 | 26,332 | -18,646 | 65,805 | 278,895 |
Accruals and Deferred Income | -179,136 | -25,046 | 63,042 | 109,820 | -149,346 | 21,161 | -215,218 | -16,721 | 125,065 | 146,434 | 58,076 | 36,880 | 2,664 | -378,048 | -124,854 | 608,697 |
Deferred Taxes & Provisions | 0 | 0 | 0 | -10,900 | -33,581 | -12,306 | 3,290 | -7,186 | -72,783 | 3,414 | 12,885 | 6,919 | 9,966 | 12,047 | 22,694 | 65,541 |
Cash flow from operations | -256,642 | 15,029 | 430,756 | 232,189 | -386,263 | 312,515 | -23,361 | 235,102 | 737,105 | 561,879 | 695,088 | 599,536 | 548,312 | 53,501 | 416,929 | 1,194,170 |
Investing Activities | ||||||||||||||||
capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | -105,952 | -57,016 | -213,597 | -118,425 | -361,089 | -173,041 | -211,387 | -694,056 | -1,011,802 | -3,108,340 |
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | 0 | 0 | 0 | 0 | 0 | 0 | -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 | -97,646 | 2,550 | 181,636 | -180,000 | 0 | 0 | 0 | 0 | -2,136,630 | 2,168,616 | -1,611,802 | -489,085 | 1,948,901 | 227,385 | 72,615 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6,023 | -243,383 | 56,059 | 193,347 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -1,352,551 | -406,516 | -185,473 | 274,798 | 98,886 | -128,575 | -128,889 | -53,310 | -118,582 | 2,000,212 | -2,317,741 | 1,497,353 | 435,919 | -1,749,187 | 433,656 | 1,700,000 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8,159 | -8,017 | -8,017 | 24,193 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||||
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 | -660,365 | 582,729 | 410,906 | -122,691 | -177,245 | -178,698 | -106,343 | -176,433 | -218,667 | -244,862 | -449,508 | -83,815 | 287,414 | 574,467 | 8,919,338 |
cash and cash equivalents | ||||||||||||||||
cash | 2,332,863 | -660,423 | 766,212 | 513,108 | -1,098,728 | 868,678 | -308,011 | -34,247 | 315,440 | 142,520 | 89,137 | -23,013 | 253,110 | -353,141 | -20,406 | 454,876 |
overdraft | 0 | 0 | 0 | -60,957 | 60,957 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 2,332,863 | -660,423 | 766,212 | 574,065 | -1,159,685 | 868,678 | -308,011 | -34,247 | 315,440 | 142,520 | 89,137 | -23,013 | 253,110 | -353,141 | -20,406 | 454,876 |
three thistles plc Credit Report and Business Information
Three Thistles Plc Competitor Analysis
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 directors
Three Thistles Plc currently has 2 directors. The longest serving directors include Mr Donald McIntyre (Aug 2015) and Mr David Low (Oct 2016).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Donald McIntyre | 65 years | Aug 2015 | - | Director | |
Mr David Low | Scotland | 66 years | Oct 2016 | - | Director |
P&L
September 2024turnover
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 2024net 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
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.
Click to start generating capital raising & share issue transactions for THREE THISTLES PLC. This can take several minutes, an email will notify you when this has completed.
three thistles plc Companies House Filings - See Documents
date | description | view/download |
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