thistle finance ltd
thistle finance ltd Company Information
Company Number
SC552737
Website
thistlefinance.comRegistered Address
47, craigmount avenue north edinburg, edinburgh, EH12 8DN
Industry
Other business support service activities n.e.c.
Telephone
01312854778
Next Accounts Due
November 2024
Group Structure
View All
Directors
Mark Dyason7 Years
Shareholders
mark james dyason 100%
thistle finance ltd Estimated Valuation
Pomanda estimates the enterprise value of THISTLE FINANCE LTD at £33.6k based on a Turnover of £82.7k and 0.41x industry multiple (adjusted for size and gross margin).
thistle finance ltd Estimated Valuation
Pomanda estimates the enterprise value of THISTLE FINANCE LTD at £0 based on an EBITDA of £-24.4k and a 3.17x industry multiple (adjusted for size and gross margin).
thistle finance ltd Estimated Valuation
Pomanda estimates the enterprise value of THISTLE FINANCE LTD at £0 based on Net Assets of £-54.8k and 2.54x industry multiple (adjusted for liquidity).
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Thistle Finance Ltd Overview
Thistle Finance Ltd is a live company located in edinburgh, EH12 8DN with a Companies House number of SC552737. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in December 2016, it's largest shareholder is mark james dyason with a 100% stake. Thistle Finance Ltd is a young, micro sized company, Pomanda has estimated its turnover at £82.7k with declining growth in recent years.
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Thistle Finance Ltd Health Check
Pomanda's financial health check has awarded Thistle Finance Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs
0 Strong
3 Regular
8 Weak
Size
annual sales of £82.7k, make it smaller than the average company (£3.3m)
- Thistle Finance Ltd
£3.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -31%, show it is growing at a slower rate (3.8%)
- Thistle Finance Ltd
3.8% - Industry AVG
Production
with a gross margin of 17.6%, this company has a higher cost of product (39%)
- Thistle Finance Ltd
39% - Industry AVG
Profitability
an operating margin of -30.1% make it less profitable than the average company (6.5%)
- Thistle Finance Ltd
6.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (21)
3 - Thistle Finance Ltd
21 - Industry AVG
Pay Structure
on an average salary of £46.2k, the company has an equivalent pay structure (£46.2k)
- Thistle Finance Ltd
£46.2k - Industry AVG
Efficiency
resulting in sales per employee of £27.6k, this is less efficient (£145.7k)
- Thistle Finance Ltd
£145.7k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is near the average (41 days)
- Thistle Finance Ltd
41 days - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is close to average (33 days)
- Thistle Finance Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Thistle Finance Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (25 weeks)
0 weeks - Thistle Finance Ltd
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 247.2%, this is a higher level of debt than the average (62.6%)
247.2% - Thistle Finance Ltd
62.6% - Industry AVG
THISTLE FINANCE LTD financials
Thistle Finance Ltd's latest turnover from February 2023 is estimated at £82.7 thousand and the company has net assets of -£54.8 thousand. According to their latest financial statements, Thistle Finance Ltd has 3 employees and maintains cash reserves of £793 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | |||||||
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | |||||||
| Tax | |||||||
| Profit After Tax | |||||||
| Dividends Paid | |||||||
| Retained Profit | |||||||
| Employee Costs | |||||||
| Number Of Employees | 3 | 3 | 3 | 4 | 6 | 2 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 384 | 612 | 389 | 117 | 233 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 384 | 612 | 389 | 117 | 233 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 8,865 | 21,371 | 115,555 | 0 | 75,140 | 66,226 | 100 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 27,213 | 41,585 | 0 | 84,059 | 0 | 0 | 0 |
| Cash | 793 | 10 | 19,299 | 541 | 152 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 36,871 | 62,966 | 134,854 | 84,600 | 75,292 | 66,226 | 100 |
| total assets | 37,255 | 63,578 | 135,243 | 84,717 | 75,525 | 66,226 | 100 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 6,676 | 0 | 5,739 | 0 | 31,705 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 37,028 | 32,657 | 49,204 | 54,525 | 0 | 53,558 | 0 |
| total current liabilities | 43,704 | 32,657 | 54,943 | 54,525 | 31,705 | 53,558 | 0 |
| loans | 31,667 | 42,500 | 50,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 16,653 | 14,593 | 13,560 | 9,000 | 0 | 0 | 0 |
| provisions | 73 | 116 | 74 | 22 | 44 | 0 | 0 |
| total long term liabilities | 48,393 | 57,209 | 63,634 | 9,022 | 44 | 0 | 0 |
| total liabilities | 92,097 | 89,866 | 118,577 | 63,547 | 31,749 | 53,558 | 0 |
| net assets | -54,842 | -26,288 | 16,666 | 21,170 | 43,776 | 12,668 | 100 |
| total shareholders funds | -54,842 | -26,288 | 16,666 | 21,170 | 43,776 | 12,668 | 100 |
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 491 | 403 | 310 | 116 | 116 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -26,878 | -52,599 | 31,496 | 8,919 | 8,914 | 66,126 | 100 |
| Creditors | 6,676 | -5,739 | 5,739 | -31,705 | 31,705 | 0 | 0 |
| Accruals and Deferred Income | 4,371 | -16,547 | -5,321 | 54,525 | -53,558 | 53,558 | 0 |
| Deferred Taxes & Provisions | -43 | 42 | 52 | -22 | 44 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -10,833 | -7,500 | 50,000 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 2,060 | 1,033 | 4,560 | 9,000 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 783 | -19,289 | 18,758 | 389 | 152 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 783 | -19,289 | 18,758 | 389 | 152 | 0 | 0 |
thistle finance ltd Credit Report and Business Information
Thistle Finance Ltd Competitor Analysis
Perform a competitor analysis for thistle finance ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in EH12 area or any other competitors across 12 key performance metrics.
thistle finance ltd Ownership
THISTLE FINANCE LTD group structure
Thistle Finance Ltd has no subsidiary companies.
Ultimate parent company
THISTLE FINANCE LTD
SC552737
thistle finance ltd directors
Thistle Finance Ltd currently has 1 director, Mr Mark Dyason serving since Dec 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Dyason | Scotland | 52 years | Dec 2016 | - | Director |
P&L
February 2023turnover
82.7k
-36%
operating profit
-24.9k
0%
gross margin
17.6%
+6.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
-54.8k
+1.09%
total assets
37.3k
-0.41%
cash
793
+78.3%
net assets
Total assets minus all liabilities
thistle finance ltd company details
company number
SC552737
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
December 2016
age
8
incorporated
UK
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
last accounts submitted
February 2023
address
47, craigmount avenue north edinburg, edinburgh, EH12 8DN
accountant
-
auditor
-
thistle finance ltd 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 did not find charges/mortgages relating to thistle finance ltd.
thistle finance ltd Companies House Filings - See Documents
| date | description | view/download |
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