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Company No. SC100505 · Incorporated 14 Aug 1986

Thistle Healthcare Limited

Registered name: THISTLE HEALTHCARE LIMITED

Part of Enhance Healthcare Holdings Ltd group

Thistle Healthcare Limited made £15m revenue and £1.4m profit in the year to 31 Dec 2025.

Thistle Healthcare Limited’s revenue was £15m in the year to 31 Dec 2025, with £1.4m profit and 531 employees. The company is classified under “medical nursing home activities” and is based in Glasgow; we hold 3 years of its filed accounts.

Full P&L filedSection Q · Human health and social workSIC 86102Medical nursing home activities
Status
Active
Location
Glasgow, Scotland
Age
40 yrs · since 1986
Type
Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Dec 2025

Key figures

Cash flow filed
Revenue
£15m
Growth —
Profit
£1.4m
Growth —
Profit margin
9.3%
Gross 29%
Employees
531
Change —
Profit / employee
£2.6k
Revenue/employee £28.2k
Profitable streak
1yr
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to30 Apr 202430 Apr 202531 Dec 2025
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£20.6m£20.9m£15m
Cost of sales£14.8m£15.8m£10.6m
Gross profit£5.7m£5.1m£4.3m
Operating profit−£153k−£973k£1.4m
Profit before tax−£313k−£1.1m£1.4m
Profit after tax−£406k−£1.1m£1.4m
Profit (best available)−£406k−£1.1m£1.4m
Staff costs£770k£871k£9.2m
Employees (average)500524531
Ratios
Profit margin−2%−5.5%9.3%
Gross margin27.9%24.3%29%
Revenue per employee£41.2k£39.9k£28.2k
Profit per employee−£812−£2.2k£2.6k
Cash conversion——−201.2%
Growth (year on year)
Revenue growth—▲1.6%—
Headcount growth—▲4.8%—
Balance sheet — indirect signals, not revenue
Cash at bank£1.1m£145k£2.3m
Net assets£1.9m£739k£2.1m
Fixed assets£5.7m£5.1m£5.9m
Current assets£2.9m£2.3m£4.4m
Debtors£1.1m£632k£1.6m
Deferred income£603k£631k£1.3m
Cash from operations−£1.1m£784k−£2.8m
SourceFullAccounts · bulk data Jan 2026FullAccounts · bulk data Jan 2026FullAccounts · bulk data Sep 2026
Derived from the latest filing

How the business works

Profit margin
9.3%
Profit ÷ revenue.
Gross margin
29%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£28.2k
Revenue ÷ average employees.
Profit per employee
£2.6k
Profit ÷ average employees.
Cash conversion
−201.2%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
39.1%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
8.5%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
10.9%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets
—
Now £2.1m
Cash at bank
—
Now £2.3m
Headcount
—
Now 531
Deferred income
—
Now £1.3m
Fixed assets
—
Now £5.9m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

  1. Enhance Healthcare Holdings Ltdultimate parent75–100%
  2. Thistle Healthcare Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (19)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £1.4m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 25 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.