Blackthorn Ltd

Blackthorn Ltd, based in Chipping Norton, UK, is a small, active company founded two years ago. With a single employee and £739,875 in assets, it’s a solo-founder operation led by two directors. The company operates in the maintenance and repair of motor vehicles industries. It’s a regular importer of vehicles, parts, and accessories (excluding trains and trams), with nine months of import activity recorded, the latest in April 2024. It also exports these items, with three months of export activity, the latest in July 2024.

The company’s website, Blackthorn Racing, showcases a partnership with Aston Martin Racing, competing at the highest levels of endurance racing. Beyond racing, Blackthorn operates Blackthorn Performance Cars, specializing in collectible and track cars, and Blackthorn Advisors, a firm focused on identifying investment-grade collectible race cars. There’s also Lioncrest, an investment management firm. The website’s design is clean and modern, emphasizing high-quality photography and a focus on performance and exclusivity. It’s clear the company is trying to project an image of prestige and sophistication, and it’s a good thing.

Financially, Blackthorn Ltd presents a mixed picture. While current assets increased slightly to £740,000, net assets plummeted by a staggering 95% to a mere £12,000. Bank borrowings have surged to £210,000, a significant increase, and cash reserves have fallen to £120,000. Trade debtors have also decreased, which is good, but creditors ballooned to £210,000, suggesting a reliance on credit. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 25 employees) allows for agility, but the dramatic drop in equity is concerning. No auditor is mentioned, which is likely due to its status as a small company.

Overall, Blackthorn Ltd seems to be burning through cash at a fast rate, despite its high-profile racing partnerships and specialist car businesses. Whether this is a temporary phase as it scales its operations or a more fundamental challenge remains to be seen—but for now, the company’s financial health is something to watch closely.

Registered in England/Wales under the registration number 14259105, with a registered address at OX7 6BH, England, Chipping Norton, Oxfordshire, The Station Yard Station Road, Shipton-Under-Wychwood.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.