Thorndene Limited
02624175
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/11/2021
DIRECTOR
BRITISH · ENGLAND · Age 47
Also on 1 other board
director · Since 04/02/2023
DIRECTOR SERVICE DEVELOPMENT
BRITISH · UNITED KINGDOM · Age 56
Also on 1 other board
director · Since 25/09/2025
MANAGER
BRITISH · ENGLAND · Age 58
Also on 1 other board
Charges1 outstanding
LLOYDS BANK PLC.
CompanyRankvs 1946+ SIC 87300 peers51
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty related to going concern In auditing the financial statements, we have concluded that the director's use of the going concern basis in the preparation of the financial statements is appropriate. We draw attentio
Key FinancialsYear ending 31/03/2025
Net Worth
£500k
Balance sheet strength
Cash
£60k
Cash in the bank
Net Current Assets
-£127k
Working capital
Current Assets
£158k
Current Liabilities
£285k
Fixed Assets
£709k
Debtors
£98k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.55 | -£35k |
| 2024 | 0.57 | -£184k |
| 2023 | 1.48 | +£47k |
| 2022 | 1.40 | +£10k |
| 2021 | 1.25 | -£15k |
| 2020 | 1.38 | +£23k |
| 2019 | 1.07 | — |
Derived from filed accounts. Not audited figures.