Editing Thomas International Limited


== Financials ==

{| class="wikitable"
|+Statement of comprehensive income (£'000)
!Year
!1
!2
!3
!4
!5
!6
!7
!8
!9
!10
!11
!12
!13
!14
!15
!16
!17
!18
!19
!20
!21
!22
!23
!24
!25
!26
!27
!28
!29
!30
!31
!32
!33
!34
!35
!36<ref>https://find-and-update.company-information.service.gov.uk/company/01568983/filing-history/MzI0NDQ5NDU1M2FkaXF6a2N4/document?format=pdf&download=0</ref>
!37<ref>https://find-and-update.company-information.service.gov.uk/company/01568983/filing-history/MzI4NjM5NTk0M2FkaXF6a2N4/document?format=pdf&download=0</ref>
!38<ref>https://find-and-update.company-information.service.gov.uk/company/01568983/filing-history/MzMwMzU5NzA3OGFkaXF6a2N4/document?format=pdf&download=0</ref>
!39<ref name=":0">https://find-and-update.company-information.service.gov.uk/company/01568983/filing-history/MzMzOTUzMDMzNWFkaXF6a2N4/document?format=pdf&download=0</ref>
!40<ref name=":0" />
|-
!Period end date
!31/12/1982
!31/12/1983
!31/12/1984
!31/12/1985
!31/12/1986
!31/12/1987
!31/12/1988
!31/12/1989
!31/12/1990
!31/12/1991
!31/12/1992
!31/12/1993
!31/12/1994
!31/12/1995
!31/12/1996
!31/12/1997
!31/12/1998
!31/12/1999
!31/12/2000
!31/12/2001
!31/12/2002
!31/12/2003
!31/12/2004
!31/12/2005
!31/12/2006
!31/12/2007
!31/12/2008
!31/12/2009
!31/12/2010
!31/12/2011
!31/12/2012
!31/12/2013
!31/12/2014
!31/12/2015
!31/12/2016
!31/12/2017
!31/12/2018
!31/12/2019
!31/12/2020
!31/12/2021
|-
!Period duration (days)
!365
!365
!366
!365
!365
!365
!366
!365
!365
!365
!366
!365
!365
!365
!366
!365
!365
!365
!366
!365
!365
!365
!366
!365
!365
!365
!366
!365
!365
!365
!366
!365
!365
!365
!366
!365
!365
!365
!366
!365
|-
!
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
!Historic
|-
! colspan="41" |Profit and loss
|-
|Turnover
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|6,788
|8,777
|10,851
|7,594
|9,947
|-
|Cost of sales
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|(1,462)
|(1,337)
|(1,137)
|(954)
|(916)
|-
|Gross profit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|5,326
|7,440
|9,714
|6,640
|9,031
|-
|Administrative expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|(2,788)
|(3,429)
|(5,189)
|(3,049)
|(5,019)
|-
|Exceptional administrative expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|(2,213)
|(708)
|(166)
|(135)
|(15)
|-
|Operating profit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|326
|3,303
|4,359
|3,456
|3,997
|-
|Income from shares in group undertakings
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|10
|0
|0
|0
|0
|-
|Interest receivable and similar income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|0
|3
|2
|4
|1
|-
|Interest payable and similar expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|0
|0
|(6)
|(14)
|(16)
|-
|Net interest expense
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|0
|3
|(4)
|(10)
|(15)
|-
|Profit before tax
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|336
|3,305
|4,355
|3,446
|3,982
|-
|Tax on profit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|(449)
|(342)
|(47)
|(207)
|(284)
|-
|Profit for the financial year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|(114)
|2,963
|4,308
|3,239
|3,698
|-
! colspan="41" |Balance sheet
|-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
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|
|
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|-
! colspan="41" |Cash flow statement
|-
|
|
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|
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|-
! colspan="41" |Other information
|-
|Cost of goods sold as a proportion of revenue (%)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|78.46%
|84.77%
|89.52%
|87.44%
|90.79%
|-
|Operating expenses as a proportion of revenue (%)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|95.20%
|62.37%
|59.83%
|54.49%
|59.82%
|-
|Tax rate (%)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|133.63%
|10.35%
|1.08%
|6.01%
|7.13%
|-
|Depreciation and amortisation rate (%)
|
|
|
|
|
|
|
|
|
|
|
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|
|
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|
|
|
|-
|Fixed Capital Investment (FCInv) as a proportion of revenue (%)
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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|
|
|
|
|-
|Working Capital Investment (WCInv) as a proportion of revenue (%)
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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|
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|
|
|-
|Net borrowing as a proportion of revenue (%)
|
|
|
|
|
|
|
|
|
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|
|
|
|
|-
|Interest expense as a proportion of revenue (%)
|
|
|
|
|
|
|
|
|
|
|
|
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|
|}

== Risks ==
The main risks and uncertainties facing the company are:

# The reliability of the IT operating system delivering the products to the clients  which could fail or be subject to date security risks;
# a competitor could bring out a new product that could impact the company's ability to achieve growth projections;
# the potential risk that a key distributor/reseller does not perform or represent the Thomas brand in the way that the company would expect and that restricts growth or damages the company's reputation;
# the impact of external political uncertainty including the UK's exit from the European Union where customer's businesses may be impacted in terms of employee growth plans or available spend for services; and 
# the impact of pandemics such as Covid-19 where customer's businesses may be impacted in terms of employee growth plans or available spend for services.<ref>https://find-and-update.company-information.service.gov.uk/company/02518079/filing-history/MzMzOTUzMDUyM2FkaXF6a2N4/document?format=pdf&download=0</ref>

== References ==
@@ Line 1: / Line 1: @@
-== Operations ==
-The company has the following revenue streams:
-# Royalties and product fees generated from the sales of the company's services through its network of distributors and resellers.
-# Subscription revenue generated from sales of assessments sold to customers. These contracts are generally between one to three years in term. Revenue from subscriptions contracts is recognised pro rata over the term of the contract.<ref name=":0" />
 == Financials ==