THORTFUL LIMITED
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Cash
£3.9m
-24.7% vs 2024
Net assets
£3.7m
+14.5% highest in 5 filed years
Employees
53
0% vs 2024
Profit before tax
£1.9m
-7% vs 2024
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £28,255,142 | £33,227,096 | £23,872,744 | £26,693,291 | £25,453,823 | -4.6% | |
| Operating profit | £5,519,940 | £382,338 | £1,254,917 | £2,201,562 | £2,001,003 | -9.1% | |
| Profit before tax | £5,490,929 | £201,244 | £1,039,443 | £2,071,093 | £1,925,978 | -7% | |
| Net profit | £4,571,443 | £208,930 | £901,301 | £1,552,177 | £1,425,778 | -8.1% | |
| Cash | £3,290,131 | £971,257 | £3,088,976 | £5,225,546 | £3,936,890 | -24.7% | |
| Total assets less current liabilities | £3,388,067 | £3,526,875 | £4,283,541 | £5,003,708 | £4,169,066 | -16.7% | |
| Net assets | £1,498,216 | £1,729,429 | £2,642,237 | £3,199,671 | £3,662,608 | +14.5% | |
| Equity | £1,498,216 | £1,729,429 | £2,642,237 | £3,199,671 | £3,662,608 | +14.5% | |
| Average employees | 40 | 76 | 53 | 53 | 53 | 0% | |
| Wages | £2,473,930 | — | £3,013,081 | £3,239,407 | £3,205,408 | -1% | |
| Directors' remuneration | £427,254 | £453,958 | £312,500 | £777,544 | £613,159 | -21.1% | |
| Directors' pension contributions | — | — | — | £196,277 | £17,331 | -91.2% | |
| Highest paid director | — | — | £250,000 | £245,922 | £200,000 | -18.7% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | 19.5% | 1.2% | 5.3% | 8.2% | 7.9% | |
| Net margin | 16.2% | 0.6% | 3.8% | 5.8% | 5.6% | |
| Return on capital employed | 162.9% | 10.8% | 29.3% | 44.0% | 48.0% | |
| Gearing (liabilities / total assets) | 83.1% | 76.2% | 64.7% | 65.7% | 53.8% | |
| Current ratio | — | — | 1.43x | 1.54x | 1.39x | |
| Interest cover | — | 2.11x | 5.82x | 14.01x | 12.39x |
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.
Name history
Renamed 1 time since incorporation
- THORTFUL LIMITED 2015-06-15 → present
- PELSON LIMITED 2015-04-02 → 2015-06-15
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- S&W Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have prepared forecasts based on their present plans, expectations and intentions... Based on these forecasts, the Directors are satisfied that the Company is able to meet its liabilities as and when they fall due and for a minimum period of twelve months...”
Significant events
- “In January 2026, the company refinanced certain hire purchase liabilities. A new agreement was entered into, creating additional liabilities of £885,000.”
- “During the year, the Company identified that it was likely to exceed the debt service coverage ratio covenant associated with its bank loan facility as part of a planned period of investment, and was in breach of the covenant at 31 December 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GENET, Eric Jean Marie | Director | 2024-12-01 | Aug 1973 | French |
| HEYWOOD, Philippa Anne | Director | 2024-02-28 | Oct 1979 | British |
| LEES, Paul Henry | Director | 2015-08-07 | Jan 1962 | British |
| PADHIAR, Alisa | Director | 2024-02-28 | Dec 1987 | British |
| PEARCE, Andrew John | Director | 2015-08-07 | Jan 1971 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JOHNSON, Paul Richard | Director | 2015-04-02 | 2016-05-27 |
| RAI, Suresh Vikra Chandra | Director | 2019-03-01 | 2024-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Paul Henry Lees | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
| Mr Andrew John Pearce | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 65 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-01-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-08 | AA | accounts | Accounts with accounts type full | |
| 2026-08-20 | SH01 | capital | Capital allotment shares | |
| 2026-08-13 | SH01 | capital | Capital allotment shares | |
| 2026-05-29 | CH01 | officers | Change person director company with change date | |
| 2026-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2025-08-26 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-06-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-09 | SH01 | capital | Capital allotment shares | |
| 2024-12-09 | SH01 | capital | Capital allotment shares | |
| 2024-09-24 | AA | accounts | Accounts with accounts type full | |
| 2024-08-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-03-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-14 | RESOLUTIONS | resolution | Resolution | |
| 2023-10-10 | AA | accounts | Accounts with accounts type full | |
| 2023-08-31 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 4
- Officers appointed
- 0
- Officers resigned
- 0
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.