P.J. THORY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2026-10-10 (in 5mo)
Last made up 2025-09-26
Watchouts
Cash
£55K
+141.5% vs 2024
Net assets
£5M
-7.7% vs 2024
Employees
109
+7.9% highest in 5 filed years
Profit before tax
£1M
+256.8% highest in 5 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
9-year trend · vs Industrials median
Accounts
9-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | £14,937,941 | — | £19,097,653 | — | £23,989,929 | — | £22,176,940 | £30,168,117 | |
| Operating profit | — | £706,079 | — | £801,496 | — | £775,878 | — | £708,061 | £1,754,380 | |
| Profit before tax | — | £589,006 | — | £649,021 | — | £558,701 | — | £384,385 | £1,371,493 | |
| Net profit | — | £491,530 | — | £509,640 | — | £360,240 | — | £139,179 | £989,653 | |
| Cash | — | £557,920 | — | £179,128 | — | £63,857 | — | £22,830 | £55,132 | |
| Total assets less current liabilities | — | £9,098,509 | — | £9,646,862 | — | £10,428,546 | — | £9,422,099 | £11,592,487 | |
| Net assets | — | £4,886,744 | — | £5,146,384 | — | £5,506,624 | — | £5,305,803 | £4,895,456 | |
| Equity | £5,645,214 | £4,886,744 | £4,886,744 | £5,146,384 | £5,146,384 | £5,506,624 | £5,506,624 | £5,305,803 | £4,895,456 | |
| Average employees | — | 103 | — | 103 | — | 105 | — | 101 | 109 | |
| Wages | — | £4,385,708 | — | £4,943,772 | — | £5,615,997 | — | £5,450,922 | £6,097,621 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | 4.7% | — | 4.2% | — | 3.2% | — | 3.2% | 5.8% | |
| Net margin | — | 3.3% | — | 2.7% | — | 1.5% | — | 0.6% | 3.3% | |
| Return on capital employed | — | 7.8% | — | 8.3% | — | 7.4% | — | 7.5% | 15.1% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | — | — | 64.3% | 76.0% | |
| Current ratio | — | — | — | — | — | — | — | 1.36x | 1.27x | |
| Interest cover | — | 5.18x | — | 4.81x | — | 3.36x | — | 2.14x | 4.48x |
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
- Standalone (parent only)
- Auditor
- Whitings 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 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.”
Significant events
- “Post year end the PJ Thory Group underwent a restructuring exercise leading to the company and its fellow subsidiary Gemmix Limited being demerged from the group. The ultimate parent company is now T & J Holdings Ltd.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KAULULE, Kaziwe Siame | Director | 2025-11-13 | Jan 1980 | Zambian |
| LYONS, Garrath | Director | 2025-11-13 | Dec 1980 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| THORY, Ivy Mary | Secretary | — | 1994-04-01 |
| THORY, June | Secretary | 1994-04-01 | 2016-09-25 |
| THORY, James Peter, Mr. | Director | 2001-12-01 | 2025-11-13 |
| THORY, Peter John | Director | — | 2005-08-08 |
| THORY, Timothy David | Director | 2001-12-01 | 2025-11-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| T & J Thory Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-05-23 | Active |
| J And T Thory Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-05-22 | Ceased 2025-05-23 |
| P J Thory Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-09-30 | Ceased 2025-05-22 |
| Mr James Peter Thory | Individual | Appoints directors | 2016-09-26 | Ceased 2018-09-30 |
| Mr Timothy David Thory | Individual | Appoints directors | 2016-09-26 | Ceased 2018-09-30 |
Filing timeline
Last 20 of 198 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-14 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-12-16 | AA | accounts | Accounts with accounts type full | |
| 2025-11-21 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-11-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-23 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-05-23 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-05-23 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+36%
£22,176,940 £30,168,117
highest in 5 filed years
-
Cash
+141.5%
£22,830 £55,132
-
Net assets
-7.7%
£5,305,803 £4,895,456
-
Employees
+7.9%
101 109
highest in 5 filed years
-
Operating profit
+147.8%
£708,061 £1,754,380
highest in 5 filed years
-
Profit before tax
+256.8%
£384,385 £1,371,493
highest in 5 filed years
-
Wages
+11.9%
£5,450,922 £6,097,621
highest in 5 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers