thorntons investment management limited
thorntons investment management limited Company Information
Company Number
SC438886
Registered Address
whitehall house 35 yeaman shore, dundee, angus, DD1 4BU
Industry
Fund management activities
Telephone
01382797600
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
trustees of the curtis banks sipp for stephen webster ref: cb5843 4.7%
michael royden 4.7%
View Allthorntons investment management limited Estimated Valuation
Pomanda estimates the enterprise value of THORNTONS INVESTMENT MANAGEMENT LIMITED at £4.5m based on a Turnover of £3.9m and 1.16x industry multiple (adjusted for size and gross margin).
thorntons investment management limited Estimated Valuation
Pomanda estimates the enterprise value of THORNTONS INVESTMENT MANAGEMENT LIMITED at £1.6m based on an EBITDA of £360.2k and a 4.34x industry multiple (adjusted for size and gross margin).
thorntons investment management limited Estimated Valuation
Pomanda estimates the enterprise value of THORNTONS INVESTMENT MANAGEMENT LIMITED at £3.5m based on Net Assets of £1.7m and 2.06x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Thorntons Investment Management Limited Overview
Thorntons Investment Management Limited is a live company located in angus, DD1 4BU with a Companies House number of SC438886. It operates in the fund management activities sector, SIC Code 66300. Founded in December 2012, it's largest shareholder is trustees of the curtis banks sipp for stephen webster ref: cb5843 with a 4.7% stake. Thorntons Investment Management Limited is a established, small sized company, Pomanda has estimated its turnover at £3.9m with healthy growth in recent years.
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Thorntons Investment Management Limited Health Check
Pomanda's financial health check has awarded Thorntons Investment Management Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £3.9m, make it larger than the average company (£2.9m)
£3.9m - Thorntons Investment Management Limited
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (6.4%)
7% - Thorntons Investment Management Limited
6.4% - Industry AVG
Production
with a gross margin of 94.8%, this company has a comparable cost of product (94.8%)
94.8% - Thorntons Investment Management Limited
94.8% - Industry AVG
Profitability
an operating margin of 7.4% make it less profitable than the average company (9.6%)
7.4% - Thorntons Investment Management Limited
9.6% - Industry AVG
Employees
with 29 employees, this is above the industry average (10)
29 - Thorntons Investment Management Limited
10 - Industry AVG
Pay Structure
on an average salary of £65.2k, the company has a lower pay structure (£160.6k)
£65.2k - Thorntons Investment Management Limited
£160.6k - Industry AVG
Efficiency
resulting in sales per employee of £134.5k, this is less efficient (£356k)
£134.5k - Thorntons Investment Management Limited
£356k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (29 days)
7 days - Thorntons Investment Management Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 151 days, this is slower than average (39 days)
151 days - Thorntons Investment Management Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Thorntons Investment Management Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is less cash available to meet short term requirements (52 weeks)
26 weeks - Thorntons Investment Management Limited
52 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 29.9%, this is a lower level of debt than the average (39.9%)
29.9% - Thorntons Investment Management Limited
39.9% - Industry AVG
THORNTONS INVESTMENT MANAGEMENT LIMITED financials
Thorntons Investment Management Limited's latest turnover from May 2023 is £3.9 million and the company has net assets of £1.7 million. According to their latest financial statements, Thorntons Investment Management Limited has 29 employees and maintains cash reserves of £254.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,900,102 | 4,059,715 | 3,368,561 | 3,225,359 | 3,169,426 | 2,951,559 | 2,563,140 | 2,382,371 | 1,316,411 | |
| Other Income Or Grants | 0 | 0 | 0 | |||||||
| Cost Of Sales | 0 | 0 | 0 | |||||||
| Gross Profit | 2,563,140 | 2,382,371 | 1,316,411 | |||||||
| Admin Expenses | 2,692,768 | 2,287,793 | 1,264,492 | |||||||
| Operating Profit | 287,881 | 669,344 | 327,682 | 216,570 | 142,071 | -32,221 | -129,628 | 94,578 | 51,919 | |
| Interest Payable | 10,716 | 5,371 | 5,155 | 6,268 | 6,488 | 5,770 | 5,579 | 16,153 | 0 | |
| Interest Receivable | 388 | 49 | 226 | 1,210 | 834 | 139 | 485 | 684 | 399 | |
| Pre-Tax Profit | 277,553 | 664,022 | 322,753 | 211,512 | 136,417 | -37,852 | -134,722 | 79,109 | 52,318 | |
| Tax | -57,412 | -136,725 | -75,962 | -47,546 | -29,054 | -21,610 | 41,038 | -16,396 | -14,858 | |
| Profit After Tax | 220,141 | 527,297 | 246,791 | 163,966 | 107,363 | -59,462 | -93,684 | 62,713 | 37,460 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | 220,141 | 527,297 | 246,791 | 163,966 | 107,363 | -59,462 | -93,684 | 62,713 | 37,460 | |
| Employee Costs | 1,892,131 | 1,789,642 | 1,810,968 | 1,934,026 | 1,951,183 | 1,835,439 | 1,616,722 | 1,278,975 | 643,491 | |
| Number Of Employees | 29 | 27 | 31 | 35 | 34 | 36 | 36 | 30 | 25 | |
| EBITDA* | 360,222 | 727,557 | 380,209 | 270,533 | 195,876 | 16,218 | -98,898 | 106,898 | 57,886 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 146,111 | 189,254 | 74,550 | 83,451 | 116,995 | 150,835 | 180,368 | 28,842 | 38,873 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 146,111 | 189,254 | 74,550 | 83,451 | 116,995 | 150,835 | 180,368 | 28,842 | 38,873 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 82,414 | 124,216 | 103,436 | 99,651 | 108,682 | 100,619 | 16,625 | 9,699 | 39,843 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,956,797 | 1,636,462 | 772,347 | 304,037 | 269,656 | 292,641 | 338,608 | 177,320 | 174,101 | 0 |
| Cash | 254,494 | 304,701 | 736,667 | 838,905 | 639,688 | 389,842 | 417,991 | 749,484 | 641,586 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,293,705 | 2,065,379 | 1,612,450 | 1,242,593 | 1,018,026 | 783,102 | 773,224 | 936,503 | 855,530 | 0 |
| total assets | 2,439,816 | 2,254,633 | 1,687,000 | 1,326,044 | 1,135,021 | 933,937 | 953,592 | 965,345 | 894,403 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 83,632 | 116,804 | 82,171 | 67,627 | 68,181 | 56,356 | 52,376 | 32,850 | 19,476 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 416,439 | 406,988 | 637,345 | 538,502 | 511,544 | 519,064 | 484,398 | 486,618 | 613,258 | 0 |
| total current liabilities | 500,071 | 523,792 | 719,516 | 606,129 | 579,725 | 575,420 | 536,774 | 519,468 | 632,734 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 200,000 | 200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 30,161 | 41,398 | 5,338 | 7,600 | 6,947 | 1,161 | 0 | 688 | 4,193 | 0 |
| total long term liabilities | 230,161 | 241,398 | 5,338 | 7,600 | 6,947 | 1,161 | 0 | 688 | 4,193 | 0 |
| total liabilities | 730,232 | 765,190 | 724,854 | 613,729 | 586,672 | 576,581 | 536,774 | 520,156 | 636,927 | 0 |
| net assets | 1,709,584 | 1,489,443 | 962,146 | 712,315 | 548,349 | 357,356 | 416,818 | 445,189 | 257,476 | 0 |
| total shareholders funds | 1,709,584 | 1,489,443 | 962,146 | 712,315 | 548,349 | 357,356 | 416,818 | 445,189 | 257,476 | 0 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 287,881 | 669,344 | 327,682 | 216,570 | 142,071 | -32,221 | -129,628 | 94,578 | 51,919 | |
| Depreciation | 72,341 | 58,213 | 52,527 | 53,963 | 53,805 | 48,439 | 30,730 | 12,320 | 5,967 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -57,412 | -136,725 | -75,962 | -47,546 | -29,054 | -21,610 | 41,038 | -16,396 | -14,858 | |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 278,533 | 884,895 | 472,095 | 25,350 | -14,922 | 38,027 | 168,214 | -26,925 | 213,944 | 0 |
| Creditors | -33,172 | 34,633 | 14,544 | -554 | 11,825 | 3,980 | 19,526 | 13,374 | 19,476 | 0 |
| Accruals and Deferred Income | 9,451 | -230,357 | 98,843 | 26,958 | -7,520 | 34,666 | -2,220 | -126,640 | 613,258 | 0 |
| Deferred Taxes & Provisions | -11,237 | 36,060 | -2,262 | 653 | 5,786 | 1,161 | -688 | -3,505 | 4,193 | 0 |
| Cash flow from operations | -10,681 | -453,727 | -56,723 | 224,694 | 191,835 | -3,612 | -209,456 | 656 | 466,011 | |
| Investing Activities | ||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -20,311 | -18,906 | -182,256 | -2,290 | -44,840 | |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -20,311 | -18,906 | -182,256 | -2,290 | -44,840 | |
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | -10,328 | -5,322 | -4,929 | -5,058 | -5,654 | -5,631 | -5,094 | -15,469 | 399 | |
| cash flow from financing | -10,328 | 194,678 | -1,889 | -5,058 | 77,976 | -5,631 | 60,219 | 109,531 | 220,415 | |
| cash and cash equivalents | ||||||||||
| cash | -50,207 | -431,966 | -102,238 | 199,217 | 249,846 | -28,149 | -331,493 | 107,898 | 641,586 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -50,207 | -431,966 | -102,238 | 199,217 | 249,846 | -28,149 | -331,493 | 107,898 | 641,586 | 0 |
thorntons investment management limited Credit Report and Business Information
Thorntons Investment Management Limited Competitor Analysis
Perform a competitor analysis for thorntons investment management limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in DD1 area or any other competitors across 12 key performance metrics.
thorntons investment management limited Ownership
THORNTONS INVESTMENT MANAGEMENT LIMITED group structure
Thorntons Investment Management Limited has no subsidiary companies.
Ultimate parent company
THORNTONS INVESTMENT MANAGEMENT LIMITED
SC438886
thorntons investment management limited directors
Thorntons Investment Management Limited currently has 6 directors. The longest serving directors include Mr Scott Milne (Dec 2012) and Mr Stephen Webster (Oct 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Scott Milne | 62 years | Dec 2012 | - | Director | |
| Mr Stephen Webster | Scotland | 58 years | Oct 2014 | - | Director |
| Ms Clare MacPherson | Scotland | 52 years | Oct 2014 | - | Director |
| Mr Graeme Brown | 61 years | Jan 2015 | - | Director | |
| Mr Edward Rosengarten | 56 years | May 2019 | - | Director | |
| Mr Matthew Strachan | 61 years | May 2022 | - | Director |
P&L
May 2023turnover
3.9m
-4%
operating profit
287.9k
-57%
gross margin
94.9%
-0.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
1.7m
+0.15%
total assets
2.4m
+0.08%
cash
254.5k
-0.16%
net assets
Total assets minus all liabilities
thorntons investment management limited company details
company number
SC438886
Type
Private limited with Share Capital
industry
66300 - Fund management activities
incorporation date
December 2012
age
12
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
May 2023
previous names
t.i.m. (dundee) limited (December 2013)
accountant
-
auditor
JOHNSTON CARMICHAEL LLP
address
whitehall house 35 yeaman shore, dundee, angus, DD1 4BU
Bank
-
Legal Advisor
-
thorntons investment management 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 1 charges/mortgages relating to thorntons investment management limited. Currently there are 1 open charges and 0 have been satisfied in the past.
thorntons investment management limited Companies House Filings - See Documents
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