R. Thornton & Co. Ltd.
02745517
Notable Risks
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 5 outstanding charges (-10)
Details
Compliance
Last accounts
31/05/2025
full
Next accounts due
28/02/2027
Confirmation statement
Last: 31/05/2026
Due 14/06/2027
Industry
Officers
director · Since 29/09/2008
DIRECTOR
BRITISH · ENGLAND · Age 62
Also on 4 other boards
director · Since 28/10/2019
DIRECTOR
BRITISH · UNITED KINGDOM · Age 59
Also on 2 other boards
Former
corporate nominee secretary · Resigned 07/09/1992
director · Resigned 27/02/1998
director · Resigned 12/06/1999
director · Resigned 12/06/1999
director · Resigned 12/06/1999
director · Resigned 01/10/2000
director · Resigned 01/10/2000
director · Resigned 29/09/2008
secretary · Resigned 29/09/2008
director · Resigned 29/09/2008
director · Resigned 29/09/2008
director · Resigned 28/10/2019
Persons with Significant Control
M.J. Hickey Plant Hire & Contracts Limited
Linton Industrial Estate, Linton, Morpeth, NE61 5SD
Reg: 04890756 · Registrar Of Companies · Limited Company
Notified 01/06/2016
Charges5 outstanding
REWARD FINANCE GROUP LIMITED
REWARD FINANCE GROUP LIMITED
BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)
BARCLAYS BANK PLC
BARCLAYS BANK PLC
NATIONAL WESTMINSTER BANK PLC
NATIONAL WESTMINSTER BANK PLC
Change History
Active
Private Limited Company
LYNEFIELD PARK
ASHINGTON
CompanyRankvs 2185+ SIC 43120 peers31
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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 We draw attention to note 2 in the financial statements, which - in the Going Concern section - indicates that the company exhibited a loss of £(692,692) during the year ended 31 May 202
Key FinancialsYear ending 31/05/2024
Turnover
£7.2M
Annual revenue
Net Worth
-£204k
Balance sheet strength
Cash
—
Cash in the bank
Profit Before Tax
-£693k
Bottom line earnings
Net Current Assets
-£1.7M
Working capital
Current Assets
£1.9M
Current Liabilities
£3.6M
Fixed Assets
£3.0M
Debtors
£1.8M
Cost of Sales
£7.2M
Gross Profit
£81k
Admin Expenses
£588k
Operating Profit
-£507k
Profit After Tax
-£693k
Tax at Year End
Director Loans
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2024 | 0.53 | -£461k | £2.8M |
| 2023 | 0.52 | — | — |
Derived from filed accounts. Not audited figures.