thistle-peat limited

thistle-peat limited Company Information

Share THISTLE-PEAT LIMITED
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EstablishedMicroDeclining

Company Number

SC473446

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

 

Shareholders

aimee louise stephen

derek william stephen

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Group Structure

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Contact

Registered Address

thistle house thistle street, edinburgh, EH2 1DF

thistle-peat limited Estimated Valuation

£939.7k

Pomanda estimates the enterprise value of THISTLE-PEAT LIMITED at £939.7k based on a Turnover of £266.6k and 3.52x industry multiple (adjusted for size and gross margin).

thistle-peat limited Estimated Valuation

£15.4m

Pomanda estimates the enterprise value of THISTLE-PEAT LIMITED at £15.4m based on an EBITDA of £2.2m and a 6.97x industry multiple (adjusted for size and gross margin).

thistle-peat limited Estimated Valuation

£13.3m

Pomanda estimates the enterprise value of THISTLE-PEAT LIMITED at £13.3m based on Net Assets of £7.7m and 1.71x industry multiple (adjusted for liquidity).

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Thistle-peat Limited Overview

Thistle-peat Limited is a live company located in edinburgh, EH2 1DF with a Companies House number of SC473446. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in March 2014, it's largest shareholder is aimee louise stephen with a 25% stake. Thistle-peat Limited is a established, micro sized company, Pomanda has estimated its turnover at £266.6k with declining growth in recent years.

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Thistle-peat Limited Health Check

Pomanda's financial health check has awarded Thistle-Peat Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

4 Regular

positive_score

5 Weak

size

Size

annual sales of £266.6k, make it smaller than the average company (£917k)

£266.6k - Thistle-peat Limited

£917k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -40%, show it is growing at a slower rate (4.9%)

-40% - Thistle-peat Limited

4.9% - Industry AVG

production

Production

with a gross margin of 75.3%, this company has a comparable cost of product (75.3%)

75.3% - Thistle-peat Limited

75.3% - Industry AVG

profitability

Profitability

an operating margin of 827.3% make it more profitable than the average company (29.8%)

827.3% - Thistle-peat Limited

29.8% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (4)

2 - Thistle-peat Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £32.4k, the company has an equivalent pay structure (£32.4k)

£32.4k - Thistle-peat Limited

£32.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £133.3k, this is less efficient (£177.5k)

£133.3k - Thistle-peat Limited

£177.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 34 days, this is near the average (31 days)

34 days - Thistle-peat Limited

31 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 481 days, this is slower than average (38 days)

481 days - Thistle-peat Limited

38 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Thistle-peat Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (12 weeks)

1 weeks - Thistle-peat Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 63%, this is a similar level of debt than the average (63.6%)

63% - Thistle-peat Limited

63.6% - Industry AVG

THISTLE-PEAT LIMITED financials

EXPORTms excel logo

Thistle-Peat Limited's latest turnover from March 2024 is estimated at £266.6 thousand and the company has net assets of £7.7 million. According to their latest financial statements, we estimate that Thistle-Peat Limited has 2 employees and maintains cash reserves of £107.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Turnover266,644530,550702,5361,231,274118,759245,863111,738350,581392,8324,162,734
Other Income Or Grants0000000000
Cost Of Sales65,798134,006175,634306,74430,61165,36527,99788,379110,8781,397,602
Gross Profit200,846396,544526,902924,53088,148180,49883,741262,203281,9542,765,132
Admin Expenses-2,005,0841,963,987-1,285,502-15,764-1,020,881-1,081,875-2,762,936-4,986,497-975,9702,361,005
Operating Profit2,205,930-1,567,4431,812,404940,2941,109,0291,262,3732,846,6775,248,7001,257,924404,127
Interest Payable1,102,1071,139,458764,494698,755713,883824,378812,500781,250812,500406,250
Interest Receivable7,1364,7576142975327,7946,4071,6502,3521,698
Pre-Tax Profit1,110,959-2,702,1441,048,525241,836395,678445,7892,040,5844,469,100447,776-425
Tax-277,7400-199,220-45,949-75,179-84,700-387,711-893,820-89,5550
Profit After Tax833,219-2,702,144849,305195,887320,499361,0891,652,8733,575,280358,221-425
Dividends Paid0000000000
Retained Profit833,219-2,702,144849,305195,887320,499361,0891,652,8733,575,280358,221-425
Employee Costs64,88630,37829,40326,85627,39226,99925,99925,57226,221702,000
Number Of Employees21111111127
EBITDA*2,205,930-1,567,4431,812,404940,2941,109,0291,262,3732,846,6775,248,7001,257,924404,127

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Tangible Assets0000000000
Intangible Assets0000000000
Investments & Other17,178,18322,185,97722,018,02521,768,53321,497,65021,551,54722,594,37817,897,29618,851,95417,105,036
Debtors (Due After 1 year)0000000000
Total Fixed Assets17,178,18322,185,97722,018,02521,768,53321,497,65021,551,54722,594,37817,897,29618,851,95417,105,036
Stock & work in progress00000246,576246,5762,000,4622,069,0392,749,659
Trade Debtors25,24777,110117,901216,336000001,000
Group Debtors0000000000
Misc Debtors3,603,5461,126,3531,168,630399,383423,689225,605215,54488,41920,3120
Cash107,504164,35359,521104,331489,648573,8361,504,4951,058,319261,515679,380
misc current assets0000000000
total current assets3,736,2971,367,8161,346,052720,050913,3371,046,0171,966,6153,147,2002,350,8663,430,039
total assets20,914,48023,553,79323,364,07722,488,58322,410,98722,597,56424,560,99321,044,49621,202,82020,535,075
Bank overdraft0000000000
Bank loan10,000160,000210,000208,333200,000200,0000000
Trade Creditors 86,71267,00875,56099,16433,088142,65118,00464,71145,7964,812,500
Group/Directors Accounts0000005,264,8663,438,6904,115,3870
other short term finances00000012,500,000000
hp & lease commitments0000000000
other current liabilities3,682,2453,934,5003,765,8263,649,4243,804,3943,950,034489,779482,354385,8410
total current liabilities3,778,9574,161,5084,051,3863,956,9214,037,4824,292,68518,272,6493,985,7554,547,0244,812,500
loans8,571,35410,851,66711,011,66711,221,66711,280,00011,726,000012,500,00012,500,00012,500,000
hp & lease commitments0000000000
Accruals and Deferred Income0000000000
other liabilities0000000000
provisions815,500980,500987,295845,571824,968630,841701,395624,665759,4000
total long term liabilities9,386,85411,832,16711,998,96212,067,23812,104,96812,356,841701,39513,124,66513,259,40012,500,000
total liabilities13,165,81115,993,67516,050,34816,024,15916,142,45016,649,52618,974,04417,110,42017,806,42417,312,500
net assets7,748,6697,560,1187,313,7296,464,4246,268,5375,948,0385,586,9493,934,0763,396,3963,222,575
total shareholders funds7,748,6697,560,1187,313,7296,464,4246,268,5375,948,0385,586,9493,934,0763,396,3963,222,575
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Operating Activities
Operating Profit2,205,930-1,567,4431,812,404940,2941,109,0291,262,3732,846,6775,248,7001,257,924404,127
Depreciation0000000000
Amortisation0000000000
Tax-277,7400-199,220-45,949-75,179-84,700-387,711-893,820-89,5550
Stock0000-246,5760-1,753,886-68,577-680,6202,749,659
Debtors2,425,330-83,068670,812192,030198,08410,061127,12568,10719,3121,000
Creditors19,704-8,552-23,60466,076-109,563124,647-46,70718,915-4,766,7044,812,500
Accruals and Deferred Income-252,255168,674116,402-154,970-145,6403,460,2557,42596,513385,8410
Deferred Taxes & Provisions-165,000-6,795141,72420,603194,127-70,55476,730-134,735759,4000
Cash flow from operations-894,691-1,331,0481,176,894634,0241,021,2664,681,9604,123,1754,336,043-1,791,7862,465,968
Investing Activities
capital expenditure0000000000
Change in Investments-5,007,794167,952249,492270,883-53,897-1,042,8314,697,082-954,6581,746,91817,105,036
cash flow from investments5,007,794-167,952-249,492-270,88353,8971,042,831-4,697,082954,658-1,746,918-17,105,036
Financing Activities
Bank loans-150,000-50,0001,6678,3330200,0000000
Group/Directors Accounts00000-5,264,8661,826,176-676,6974,115,3870
Other Short Term Loans 00000-12,500,00012,500,000000
Long term loans-2,280,313-160,000-210,000-58,333-446,00011,726,000-12,500,0000012,500,000
Hire Purchase and Lease Commitments0000000000
other long term liabilities0000000000
share issue-644,6682,948,53300000-3,037,600-184,4003,223,000
interest-1,094,971-1,134,701-763,880-698,458-713,351-816,584-806,093-779,600-810,148-404,552
cash flow from financing-4,169,9521,603,832-972,213-748,458-1,159,351-6,655,4501,020,083-4,493,8973,120,83915,318,448
cash and cash equivalents
cash-56,849104,832-44,810-385,317-84,188-930,659446,176796,804-417,865679,380
overdraft0000000000
change in cash-56,849104,832-44,810-385,317-84,188-930,659446,176796,804-417,865679,380

thistle-peat limited 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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Thistle-peat Limited Competitor Analysis

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Perform a competitor analysis for thistle-peat limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in EH2 area or any other competitors across 12 key performance metrics.

thistle-peat limited Ownership

THISTLE-PEAT LIMITED group structure

Thistle-Peat Limited has 1 subsidiary company.

Ultimate parent company

1 parent

THISTLE-PEAT LIMITED

SC473446

1 subsidiary

THISTLE-PEAT LIMITED Shareholders

aimee louise stephen 25%
derek william stephen 25%
jennifer jane stephen 25%
victoria anne stephen 25%

thistle-peat limited directors

Thistle-Peat Limited currently has 3 directors. The longest serving directors include Mr Derek Stephen (Mar 2014) and Mr David Maxwell (Mar 2014).

officercountryagestartendrole
Mr Derek Stephen74 years Mar 2014- Director
Mr David MaxwellScotland39 years Mar 2014- Director
Mr David MaxwellScotland39 years Jan 2023- Director

P&L

March 2024

turnover

266.6k

-50%

operating profit

2.2m

0%

gross margin

75.4%

+0.78%

turnover

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

Balance Sheet

March 2024

net assets

7.7m

+0.02%

total assets

20.9m

-0.11%

cash

107.5k

-0.35%

net assets

Total assets minus all liabilities

thistle-peat limited company details

company number

SC473446

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

March 2014

age

11

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

EQ ACCOUNTANTS LTD

auditor

-

address

thistle house thistle street, edinburgh, EH2 1DF

Bank

BANK OF SCOTLAND

Legal Advisor

-

thistle-peat 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 117 charges/mortgages relating to thistle-peat limited. Currently there are 32 open charges and 85 have been satisfied in the past.

thistle-peat 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.

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thistle-peat limited Companies House Filings - See Documents

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