H.L.THORNE & CO.LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-03-20 (in 10mo)
Last made up 2026-03-06
Watchouts
Cash
£44K
-86.1% lowest in 4 filed years
Net assets
£10M
+7.1% highest in 4 filed years
Employees
29
+11.5% highest in 3 filed years
Profit before tax
£1M
+6.7% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £68,453,219 | £85,056,403 | |
| Operating profit | — | — | — | — | £1,000,032 | £1,038,174 | |
| Profit before tax | — | — | — | — | £1,056,242 | £1,127,438 | |
| Net profit | -£270,656 | £146,405 | — | — | £816,734 | £875,185 | |
| Cash | £1,211,694 | £245,656 | — | — | £316,862 | £44,143 | |
| Total assets less current liabilities | £8,351,989 | £8,496,305 | — | — | £9,827,638 | £10,373,118 | |
| Net assets | £8,326,900 | £8,481,305 | — | — | £9,554,135 | £10,231,320 | |
| Equity | £8,326,900 | £8,481,305 | £8,894,596 | £8,906,188 | £9,554,135 | £10,231,320 | |
| Average employees | 23 | — | — | — | 26 | 29 | |
| Wages | £874,937 | £782,371 | — | — | £1,497,340 | £1,553,423 | |
| Directors' remuneration | — | — | — | — | £666,657 | £750,628 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+24.3%
£68,453,219 £85,056,403
-
Cash
-86.1%
£316,862 £44,143
lowest in 4 filed years
-
Net assets
+7.1%
£9,554,135 £10,231,320
highest in 4 filed years
-
Employees
+11.5%
26 29
highest in 3 filed years
-
Operating profit
+3.8%
£1,000,032 £1,038,174
-
Profit before tax
+6.7%
£1,056,242 £1,127,438
-
Wages
+3.7%
£1,497,340 £1,553,423
highest in 4 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 1.5% | 1.2% | |
| Net margin | — | — | — | — | 1.2% | 1.0% | |
| Return on capital employed | — | — | — | — | 10.2% | 10.0% | |
| Gearing (liabilities / total assets) | — | — | — | — | 49.4% | 51.3% | |
| Current ratio | — | — | — | — | 1.80x | 1.74x | |
| Interest cover | — | — | — | — | 6.49x | 6.34x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- JW Hinks LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- H.L.THORNE & CO.LIMITED · parent
- Thorne Metal Recyclers Limited 76%
- Thorne Metals Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| POWELL, Paula Marie | Secretary | 2025-04-28 | — | — |
| HUTCHINSON, Michael John | Director | 2025-09-30 | Apr 1947 | British |
| POWELL, Paula Marie | Director | 2025-04-28 | Nov 1970 | British |
| THORNE, George Edward | Director | 2020-02-01 | Mar 1991 | British |
| TURNER, Michael Kevin | Director | 2022-10-03 | Jun 1990 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROWN, Andrew Charles William | Secretary | 2022-02-14 | 2025-03-07 |
| FYFE, Kenneth Logie | Secretary | 2010-03-31 | 2015-12-31 |
| POWELL, Paula Marie | Secretary | 2016-01-01 | 2022-02-25 |
| THORNE, Jeanette Gladys | Secretary | — | 2010-03-31 |
| BROWN, Andrew Charles William | Director | 2022-10-03 | 2025-03-07 |
| DAVIE, Iain Mcmillan | Director | 2018-01-15 | 2018-09-20 |
| FYFE, Kenneth Logie | Director | 1998-04-21 | 1999-08-18 |
| POWELL, Paula Marie | Director | 2018-12-03 | 2022-02-25 |
| SMALLEY, Richard Jason | Director | 2011-04-15 | 2017-10-27 |
| THORNE, Harry Leslie | Director | — | 1998-04-05 |
| THORNE, James Harry | Director | 2024-04-02 | 2025-09-30 |
| THORNE, Jeanette Gladys | Director | — | 2010-03-31 |
| THORNE, Malcolm Roger | Director | — | 2025-09-29 |
| THORNE, Sarah Ann | Director | 2004-01-08 | 2025-09-30 |
| TURNER, Donald Alan | Director | — | 1997-12-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Malcolm Roger Thorne | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
| Mrs Sarah Ann Thorne | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 142 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-12 | AA | accounts | Accounts with accounts type group | |
| 2025-10-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-12 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-06-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-12 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-20 | AA | accounts | Accounts with accounts type group | |
| 2024-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-14 | AA | accounts | Accounts with accounts type group | |
| 2023-03-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-25 | AA | accounts | Accounts with accounts type group | |
| 2022-10-12 | CH01 | officers | Change person director company with change date | |
| 2022-10-12 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.