THORNSETT APARTMENTS LIMITED
⚰️Wound downdissolved
02895247 · ltd · incorporated 1994-02-07
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
62/100
Worth a look
What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 62/100 (worth a look), bankability 62/100. Strong seller-intent signal (78/100, director aged 67). Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
18 live charges · 4 lenders · oldest 31.7y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 31.7 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (60/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
18 charges (18/18 with lender, 18/18 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
17 connected companies via shared directors
90
Filing history
116 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
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 (65 events)Click to expand
- 2022-02-22📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2022-02-22🏁Company dissolved
- 2021-12-07📄gazette-notice-voluntarygazette · GAZ1(A)
- 2021-11-24📄dissolution-application-strike-off-companydissolution · DS01
- 2020-02-04📄accounts-with-accounts-type-smallaccounts · AA
- 2019-02-06📄accounts-with-accounts-type-smallaccounts · AA
- 2018-02-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-06-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-06-07🔒Charge registered #19Lender: Close Brothers Limited
- 2017-02-02📄accounts-with-accounts-type-smallaccounts · AA
- 2016-02-25📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-02-25📍change-sail-address-company-with-new-addressaddress · AD02
- 2016-02-09📄accounts-with-accounts-type-fullaccounts · AA
- 2015-04-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2015-04-16🔒Charge registered #18Lender: Close Brothers Limited
- 2015-04-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2015-04-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2015-04-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2015-04-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2015-04-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2015-04-15🔓Charge satisfied #16
- 2015-04-15🔓Charge satisfied #11
- 2015-04-15🔓Charge satisfied #10
- 2015-04-15🔓Charge satisfied #6
- 2015-04-15🔓Charge satisfied #5
- 2015-02-13📄accounts-with-accounts-type-fullaccounts · AA
- 2015-02-12📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-02-12📄change-person-director-company-with-change-dateofficers · CH01
- 2014-09-19🔓Charge satisfied #17
- 2014-09-19🔓Charge satisfied #15
- 2014-09-19🔓Charge satisfied #14
- 2014-09-19🔓Charge satisfied #13
- 2014-09-19🔓Charge satisfied #9
- 2014-09-19🔓Charge satisfied #8
- 2014-09-19🔓Charge satisfied #7
- 2014-09-19🔓Charge satisfied #4
- 2013-07-10➖CUNNINGHAM, Denis resigneddirector
- 2008-08-28🔒Charge registered #17Lender: Dunbar Bank PLC
- 2007-08-03➕CUNNINGHAM, Bernadette Marie appointeddirector
- 2007-07-17🔒Charge registered #16Lender: Dunbar Bank PLC
- 2007-07-17🔒Charge registered #15Lender: Dunbar Bank PLC
- 2004-05-28🔒Charge registered #14Lender: Dunbar Bank PLC
- 2002-09-16🔒Charge registered #13Lender: Dunbar Bank PLC
- 2002-09-16🔒Charge registered #11Lender: Dunbar Bank PLC
- 2002-09-16🔒Charge registered #10Lender: Dunbar Bank PLC
- 1998-09-09🔒Charge registered #9Lender: Dunbar Bank PLC
- 1998-04-30🔒Charge registered #8Lender: Dunbar Bank PLC
- 1997-11-17🔒Charge registered #7Lender: Dunbar Bank PLC
- 1997-07-03🔓Charge satisfied #3
- 1997-07-03🔓Charge satisfied #2
Showing most recent 50 of 65 events
Owner dependency
91/100
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
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 67 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
86/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 32 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2022-02-22
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
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Gerard Cunningham Individual · Irish · DOB 01/1959 · age 67 | 75–100% | 75–100% | board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
Active · Construction · WC postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A CURNOW & SON CONSTRUCTION LTD→ 14612963 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| A.D. BANNISTER ROOFING & BUILDING LTD→ 03367332 · est 1997 · no financials extracted | — | — | — | — | 28y | — | — |
| ACADEMY SERVICES (OLDHAM) LIMITED→ 05605028 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| ACAM DEVELOPMENTS LTD→ 12705006 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ACC UK GROUP LTD→ 11469567 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ACCANTO CONSTRUCTION LTD→ 16255143 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ACCANTO INTERIORS LTD→ 11142999 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| ACCELERATOR PROJECTS LIMITED→ 17068366 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ACCESS & LIFTING SOLUTIONS LTD→ 11958647 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ACCULIFT LTD→ 14949937 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACE DUCTWORK LTD→ 17093407 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ACE PAVING & LANDSCAPES LTD→ 16611193 · 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
Statusdissolved
Typeltd
Incorporated1994-02-07
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects
Registered office
34 Margery Street
London
WC1X 0JJ
Filing status
Accounts
Next due: —
Last made up to: 2019-07-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 3 resigned)
CUNNINGHAM, Gerard, Mr.→
Activesecretary · appointed 1994-11-15
View their other companies + combined net worth →
CUNNINGHAM, Bernadette Marie→
Activedirector · ~56y · appointed 2007-08-03
View their other companies + combined net worth →
CUNNINGHAM, Gerard→
Activedirector · ~67y · appointed 1994-11-15
View their other companies + combined net worth →
M W DOUGLAS & COMPANY LIMITED→
Resignedcorporate-nominee-secretary · appointed 1994-02-07 · resigned 1994-03-01
CUNNINGHAM, Denis→
Resigneddirector · ~76y · appointed 1994-11-15 · resigned 2013-07-10
DOUGLAS NOMINEES LIMITED→
Resignedcorporate-nominee-director · appointed 1994-02-07 · resigned 1994-03-01
Click a director name to see their full track record across all companies.
Mortgages & charges
18
Total charges
2
Outstanding
1
Active lenders
Status:Lender:18 of 18 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Close Brothers Close Brothers Limited | A registered charge | 1 property | 07/06/2017 | — | |
| outstanding | Close Brothers Close Brothers Limited | A registered charge | — | 16/04/2015 | — | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Charge over construction contract | 1 property | 28/08/2008 | 19/09/2014 | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Letter of set off | 1 property | 17/07/2007 | 15/04/2015 | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Legal charge | 1 property | 17/07/2007 | 19/09/2014 | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Charge over construction contract | 1 property | 28/05/2004 | 19/09/2014 | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Legal charge | 1 property | 16/09/2002 | 19/09/2014 | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Letter of set-off | 1 property | 16/09/2002 | 15/04/2015 | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Debenture | 1 property | 16/09/2002 | 15/04/2015 | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Charge over construction contract | 1 property | 09/09/1998 | 19/09/2014 | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Legal charge | 3 properties | 30/04/1998 | 19/09/2014 | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Charge over construction contract | 1 property | 17/11/1997 | 19/09/2014 | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Letter of set off | 1 property | 05/06/1997 | 15/04/2015 | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Debenture | 1 property | 05/06/1997 | 15/04/2015 | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Legal charge | 1 property | 05/06/1997 | 19/09/2014 | |
| satisfied | Theheritable and General Investment Bank Theheritable and General Investment Bank Limited | Security assignment | 1 property | 20/09/1994 | 03/07/1997 | |
| satisfied | The Heritable and General Investment Bank . The Heritable and General Investment Bank Limited. | Floating charge | 1 property | 16/09/1994 | 03/07/1997 | |
| satisfied | The Heritable and General Investment Bank . The Heritable and General Investment Bank Limited. | Legal charge | 1 property | 16/09/1994 | 03/07/1997 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (116 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2022-02-22
gazette-notice-voluntary
gazette · GAZ1(A)
2021-12-07
dissolution-application-strike-off-company
dissolution · DS01
2021-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-11
accounts-with-accounts-type-small
accounts · AA
2020-02-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-02-18
accounts-with-accounts-type-small
accounts · AA
2019-02-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-03-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-02-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2017-06-08
confirmation-statement-with-updates
confirmation-statement · CS01
2017-02-14
accounts-with-accounts-type-small
accounts · AA
2017-02-02
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-02-25
change-sail-address-company-with-new-address
address · AD02
2016-02-25