SIREN : 503281438
THISTLE RENOVATIONS LIMITED is a French company founded 18 years ago, specialized in the sector Travaux de plâtrerie. this company of category PME shows in 2020 a revenue of 70 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-04-18
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2020 | 2019 |
|---|---|---|
| Revenue | 70 458 € | 86 125 € |
| Net income | 17 955 € | 19 481 € |
| EBITDA | 27 257 € | 27 928 € |
| Net margin | 25.5% | 22.6% |
In 2020, THISTLE RENOVATIONS LIMITED achieves revenue of 70 k€. Significant drop of -18% vs 2019. After deducting consumption (15 k€), gross margin stands at 56 k€, i.e. a rate of 79%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 27 k€, representing 38.7% of revenue. Positive scissor effect: EBITDA margin improves by +6.3 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 18 k€, i.e. 25.5% of revenue. This profit can be retained or distributed to shareholders.
70 458 €
55 792 €
27 257 €
20 291 €
17 955 €
38.7%
The debt ratio (= Financial debt / Equity x 100) stands at 11%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 9%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Cash flow represents 35.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
11.027%
9.364%
35.017%
0.0
46.4%
In 2020, the debt ratio of THISTLE RENOVATIONS LIMITED (11.03) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2020, the financial autonomy of THISTLE RENOVATIONS LIMITED (9.4%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2020, the repayment capacity of THISTLE RENOVATIONS LIMITED (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.
The liquidity ratio (= Current assets / Current liabilities) stands at 508.00. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.
507.995
0.0
In 2020, the liquidity ratio of THISTLE RENOVATIONS LIMITED (508.00) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.
In 2020, the interest coverage of THISTLE RENOVATIONS LIMITED (0.0x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 16 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 3 days. The company must finance 13 days of gap between collections and payments. Inventory turnover is 9 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-25 days): operations structurally generate cash.
-4 931 €
16 j
3 j
9 j
-25 j
Based on 54 transactions of similar company sales
in 2020,
the value of THISTLE RENOVATIONS LIMITED is estimated at
39 770 €
(range 11 431€ - 84 230€).
With an EBITDA of 27 257€, the sector multiple of 2.1x is applied.
The price/revenue ratio is 0.18x
(conservative valuation).
This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.
Medium reliability: estimate to be confirmed with in-depth analysis.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 54 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare THISTLE RENOVATIONS LIMITED with other companies in the same sector:
Voir toutes les statistiques du secteur Travaux de plâtrerie
The revenue of THISTLE RENOVATIONS LIMITED in 2020 is 70 k€.
Yes, THISTLE RENOVATIONS LIMITED generated a net profit of 18 k€ in 2020.
The headquarters of THISTLE RENOVATIONS LIMITED is located in address not disclosed.
The tax return of THISTLE RENOVATIONS LIMITED is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).
THISTLE RENOVATIONS LIMITED operates in the sector Travaux de plâtrerie (NAF code 43.31Z). See the 'Sector positioning' section above to compare the company with its competitors.