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
Accounts
Confirmation statement
Industry
Officers
director · Since 29/09/2008
DIRECTOR
BRITISH · ENGLAND · Age 61
Also on 4 other boards
director · Since 28/10/2019
DIRECTOR
BRITISH · UNITED KINGDOM · Age 58
Also on 2 other boards
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
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CompanyRankvs 2214+ 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 | -£418k | — |
| 2022 | 0.80 | -£16k | — |
| 2021 | 0.88 | -£83k | — |
| 2020 | 0.88 | -£53k | — |
| 2019 | 1.03 | +£83k | — |
| 2018 | 0.94 | — | — |
Derived from filed accounts. Not audited figures.