THISTLE NETWORKS LTD Financials
- Company number
- SC386994CopyCopy
- Registered office
- 7 East Kilbride Road, Glasgow, South Lanarkshire G73 5EA
- Incorporated
- 13/10/2010
Company snapshot
- Status
- Active
- Employees
- 11 (2025)
- Latest financial data
- 2025
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
1.75%vs 20242024: £242.97K
Total Assets
52.60%vs 20242024: £484.66K
Cash in Bank
30.57%vs 20242024: £352.98K
Total Liabilities
88.74%vs 20242024: £223.79K
Employees
0vs 20242024: 11
In 2025, THISTLE NETWORKS LTD reported net assets of £247.23K. The same filing shows total assets of £739.58K, cash in bank of £460.90K and total liabilities of £422.37K. Reported headcount was 11 in 2025. Total Assets rose from £484.66K in 2024 to £739.58K in 2025 (52.60%). Okredo holds filed figures for 2021–2025; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
1.75%from £242.97K in 2024Year-on-year change
Net Assets as filed for 2021–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures THISTLE NETWORKS LTD filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
+33.5%vs 2023+15.5% a year compound (CAGR)
Cash in Bank
+186%vs 2023+69.1% a year compound (CAGR)
Total Assets
+85.2%vs 2023+36.1% a year compound (CAGR)
Total Liabilities
+120%vs 2023+48.5% a year compound (CAGR)
Employees
+10%vs 2023+1Biggest increase
Cash in Bank+186%
£161.25K in 2023 to £460.90K in 2025
Every indicator Okredo holds for THISTLE NETWORKS LTD rose between 2023 and 2025. The steepest rise came in cash in bank, pointing to a more liquid cash position, with net assets, total assets, total liabilities and employee numbers climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from THISTLE NETWORKS LTD's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 33.43%2025
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 57.11%2025
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 109.12%2025
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 62.32%2025
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for THISTLE NETWORKS LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Assets£ | 232.78K | 175.46K | 185.24K | 242.97K | 247.23K |
| Total Assets£ | 415.79K | 351.26K | 399.28K | 484.66K | 739.58K |
| Cash in Bank£ | 210.87K | 152.30K | 161.25K | 352.98K | 460.90K |
| Total Liabilities£ | 152.37K | 146.70K | 191.62K | 223.79K | 422.37K |
| Employees | 9 | 9 | 10 | 11 | 11 |
THISTLE NETWORKS LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for THISTLE NETWORKS LTD covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
THISTLE NETWORKS LTD reported net assets of £247.23K for 2025. That compares with £242.97K in 2024, a change of 1.75%.
THISTLE NETWORKS LTD reported total assets of £739.58K for 2025. That compares with £484.66K in 2024, a change of 52.60%.
THISTLE NETWORKS LTD reported cash in bank of £460.90K for 2025. That compares with £352.98K in 2024, a change of 30.57%.
THISTLE NETWORKS LTD reported 11 employees in 2025, compared with 11 in 2024.
Between 2023 and 2025, THISTLE NETWORKS LTD's net assets rose by 33.5%, cash in bank rose by 186%, total assets rose by 85.2% and total liabilities rose by 120%. Net assets compounded at 15.5% a year across the two years to 2025, from £185.24K to £247.23K. Reported headcount went from 10 in 2023 to 11 in 2025 (+1).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.