E.H.THORNE(BEEHIVES)LIMITED
🌳Matureactive
00676617 · ltd · incorporated 1960-12-01
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£2.62M
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: SIC 14120
Sector: Manufacturing
ALSO REGISTERED FOR
- 16290SIC 16290
- 32990Other manufacturing n.e.c.
Investor take
Special-situation opportunityDistressed manufacturing with salvageable qualities — special-situations priority.
Opportunity 79/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 97). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
6 live charges · 3 lenders · oldest 37.9y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 37.9 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
7 officers (5 active, 7 linked, 5 with DOB)
84
Ownership & PSC
4 active PSC(s) of 7 total, 7 with control declared
90
Director network
Network not yet resolved
30
Filing history
146 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £2,623,086
Very low cash
Cash position: £6
Net assets shrinking
Down £47,324 YoY
Cash draining
Cash down 94% YoY
Cash YoY
-94%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£6
↓ 94% YoY
Net Worth
£2.6m
↓ 1.8% YoY
Current Assets
£3.0m
↓ 6.7% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £3.28M | £3.42M |
| Current assets | £2.97M | £3.18M |
| Cash | £6 | £106 |
| Debtors | £196.9k | £148.6k |
| Net assets | £2.62M | £2.67M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.
Available from the Pro tier upwards.
See pricing →Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
- 2025-10-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-10-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-10-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-06-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-06-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-06-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-03-28📄resolutionresolution · RESOLUTIONS
- 2025-03-28📄memorandum-articlesincorporation · MA
- 2024-11-06📄resolutionresolution · RESOLUTIONS
- 2024-11-06📄memorandum-articlesincorporation · MA
- 2024-11-06📄resolutionresolution · RESOLUTIONS
- 2024-10-31📄capital-name-of-class-of-sharescapital · SH08
- 2024-10-30📄statement-of-companys-objectschange-of-constitution · CC04
- 2024-10-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-10-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-10-30📄capital-allotment-sharescapital · SH01
- 2024-10-30📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2024-10-29📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-10-29📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-10-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-19📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2023-09-25➕COLEMAN, Rebecca Jane appointedsecretary
- 2023-09-25➖THORNE, Joan resignedsecretary
- 2017-10-21🔓Charge satisfied #4
- 2016-01-20🔒Charge registered #6Lender: Hsbc Bank PLC
- 2010-05-12🔒Charge registered #5Lender: Hsbc Bank PLC
- 2009-02-01➕COLEMAN, Rebecca Jane appointeddirector
- 2007-01-31➖THORNE, Leslie Leighton resigneddirector
- 2006-10-22🔒Charge registered #4Lender: Hsbc Bank PLC
- 2006-04-05🔒Charge registered #3Lender: Hsbc Bank PLC
- 1998-01-21🔓Charge satisfied #1
- 1997-05-21🔒Charge registered #2Lender: Midland Bank PLC
- 1988-08-11🔒Charge registered #1Lender: National Westminster Bank PLC
- 1960-12-01🏢Company incorporatedAs E.H.THORNE(BEEHIVES)LIMITED
Owner dependency
88/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder name in company name: Company name contains director surname "THORNE" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 97 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
73/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 97 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 17 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
4 active beneficial owners · fragmented| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Joan Thorne Individual · British · DOB 02/1929 · age 97 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mrs Rebecca Jane Coleman Individual · British · DOB 06/1973 · age 53 | — | 25–50% | 25-50% voting | 06/04/2016 |
Mrs Gillian Smith Individual · British · DOB 11/1951 · age 75 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mr Paul Bernard Smith Individual · British · DOB 03/1952 · age 74 | — | 25–50% | 25-50% voting | 06/04/2016 |
3 historic (ceased) PSCs
- Ms Hilary Tuheyceased 16/08/2019· 25-50% shares
- Ms Hilary Tuheyceased 29/10/2024· 25-50% shares
- Ms Hilary Tuheyceased 03/08/2017· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Manufacturing · LN postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| EASIFENCE UK LTD→ 15391039 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| EASTFIELD ENTERPRISES LIMITED→ 01005650 · est 1971 · no financials extracted | — | — | — | — | 55y | — | — |
| EDVANCED PLANT & AGRICULTURAL ENGINEERS LTD→ 17007912 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| EDWIN J. BOWMAN (LINCS) LIMITED→ 00451739 · est 1948 · no financials extracted | — | — | — | — | 78y | — | — |
| ELESA (UK) LTD.→ 00577223 · est 1957 · no financials extracted | — | — | — | — | 69y | — | — |
| ELL ECTRICAL LTD→ 16192933 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| EMLEMS LIMITED→ 14259764 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| EMR PARTNERS LIMITED→ 14981855 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| EN ENGINEERING LTD→ 16253792 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ENEE METAL WORKS LTD→ 15546443 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| EPIX MEDIA LIMITED→ 08029008 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| EQUI OPTIX LTD→ 16584801 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →🔒Advanced scoring suite
Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Statusactive
Typeltd
Incorporated1960-12-01
Jurisdictionengland-wales
Primary SIC14120 — SIC 14120
Registered office
Beehive Business Park Rand
Wragby
Market Rasen
Lincolnshire
LN8 5NJ
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-09
Last: 2025-09-25
Officers (5 active · 2 resigned)
COLEMAN, Rebecca Jane→
Activesecretary · appointed 2023-09-25
View their other companies + combined net worth →
COLEMAN, Rebecca Jane→
Activedirector · ~53y · appointed 2009-02-01
View their other companies + combined net worth →
Active
Active
Active
THORNE, Joan→
Resignedsecretary · resigned 2023-09-25
THORNE, Leslie Leighton→
Resigneddirector · ~103y · resigned 2007-01-31
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
4
Outstanding
2
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 20/01/2016 | — | |
| outstanding | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 12/05/2010 | — | |
| satisfied | HSBC Hsbc Bank PLC | A standard security which was presented for registration in scotland on 02ND november 2006 and | 1 property | 22/10/2006 | 21/10/2017 | |
| outstanding | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 05/04/2006 | — | |
| outstanding | Midland Bank Midland Bank PLC | Debenture | 1 property | 21/05/1997 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 11/08/1988 | 21/01/1998 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (146 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-30
resolution
resolution · RESOLUTIONS
2025-03-28
memorandum-articles
incorporation · MA
2025-03-28
resolution
resolution · RESOLUTIONS
2024-11-06
memorandum-articles
incorporation · MA
2024-11-06
resolution
resolution · RESOLUTIONS
2024-11-06
capital-name-of-class-of-shares
capital · SH08
2024-10-31