THORNSETT RESIDENTIAL LIMITED
⚰️Wound downdissolved
03962874 · ltd · incorporated 2000-04-03
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)Unclear. Family succession underway — not a classic acquisition target.
Opportunity 62/100 (worth a look), bankability 72/100. Same-surname younger director in place — likely family handover, not open to sale. Biggest value-creation lever: Consolidate lender relationships. 5 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 · 5 lenders · oldest 23.9y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 23.9 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (59/100)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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
82 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 (44 events)Click to expand
- 2023-05-02📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2023-05-02🏁Company dissolved
- 2023-02-15📄change-person-director-company-with-change-dateofficers · CH01
- 2023-02-15📄change-person-secretary-company-with-change-dateofficers · CH03
- 2023-02-14📄gazette-notice-voluntarygazette · GAZ1(A)
- 2023-02-03📄dissolution-application-strike-off-companydissolution · DS01
- 2023-01-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-01-24🔓Charge satisfied #6
- 2022-05-10📄accounts-with-accounts-type-smallaccounts · AA
- 2022-01-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-01-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-12-31➕CUNNINGHAM, Sinead Louise appointeddirector
- 2021-12-31➖CUNNINGHAM, Bernadette Marie resigneddirector
- 2021-02-15📄accounts-with-accounts-type-smallaccounts · AA
- 2020-02-04📄accounts-with-accounts-type-smallaccounts · AA
- 2019-02-25📄accounts-with-accounts-type-smallaccounts · AA
- 2018-02-07📄accounts-with-accounts-type-smallaccounts · AA
- 2017-08-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-08-15🔒Charge registered #6Lender: Titlestone Structured Finance Limited
- 2017-08-07📄resolutionresolution · RESOLUTIONS
- 2017-07-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2017-07-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2017-07-20🔓Charge satisfied #5
- 2017-07-20🔓Charge satisfied #4
- 2017-02-10📄accounts-with-accounts-type-fullaccounts · AA
- 2016-05-11📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-07-10➖CUNNINGHAM, Denis resigneddirector
- 2012-05-24🔓Charge satisfied #3
- 2012-03-23🔒Charge registered #5Lender: The Master, Wardens and Commonalty of the Mystery of Freemen of the Carpentry (Being a Livery Company Established by Royal Charter)
- 2012-03-23🔒Charge registered #4Lender: Barclays Bank PLC
- 2011-06-29➕CUNNINGHAM, Bernadette Marie appointeddirector
- 2008-07-08🔒Charge registered #3Lender: Anglo Irish Asset Finance PLC (Trading as Anglo Irish Development Finance)
- 2007-10-27🔓Charge satisfied #2
- 2007-10-27🔓Charge satisfied #1
- 2002-07-12🔒Charge registered #2Lender: Heritable Bank Limited
- 2002-07-12🔒Charge registered #1Lender: Heritable Bank Limited
- 2000-04-03🏢Company incorporatedAs THORNSETT RESIDENTIAL LIMITED
- 2000-04-03➕CUNNINGHAM, Gerard, Mr. appointedsecretary
- 2000-04-03➕CUNNINGHAM, Gerard appointeddirector
- 2000-04-03➕HALLMARK SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2000-04-03➖HALLMARK SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2000-04-03➕CUNNINGHAM, Denis appointeddirector
- 2000-04-03➕HALLMARK REGISTRARS LIMITED appointedcorporate-nominee-director
- 2000-04-03➖HALLMARK REGISTRARS LIMITED resignedcorporate-nominee-director
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 26 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
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primaryFamily succession underway: Not a takeover target — CUNNINGHAM, Sinead Louise (same surname) appointed 2021-12-31. Pattern consistent with intra-family handover.
- 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 26 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 26 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 2023-05-02
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
Incorporated2000-04-03
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: 2021-07-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 4 resigned)
CUNNINGHAM, Gerard, Mr.→
Activesecretary · appointed 2000-04-03
View their other companies + combined net worth →
CUNNINGHAM, Gerard→
Activedirector · ~67y · appointed 2000-04-03
View their other companies + combined net worth →
CUNNINGHAM, Sinead Louise→
Activedirector · ~47y · appointed 2021-12-31
View their other companies + combined net worth →
HALLMARK SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2000-04-03 · resigned 2000-04-03
CUNNINGHAM, Bernadette Marie→
Resigneddirector · ~56y · appointed 2011-06-29 · resigned 2021-12-31
CUNNINGHAM, Denis→
Resigneddirector · ~76y · appointed 2000-04-03 · resigned 2013-07-10
HALLMARK REGISTRARS LIMITED→
Resignedcorporate-nominee-director · appointed 2000-04-03 · resigned 2000-04-03
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
0
Outstanding
0
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Titlestone Structured Finance Titlestone Structured Finance Limited | A registered charge | 1 property | 15/08/2017 | 24/01/2023 | |
| satisfied | The Master, Wardens and Commonalty of the Mystery of Freemen of the Carpentry (Being a Livery Company Established by Royal Charter) | Mortgage | 3 properties | 23/03/2012 | 20/07/2017 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 23/03/2012 | 20/07/2017 | |
| satisfied | Anglo Irish Asset Finance (Trading as Anglo Irish Development Finance) Anglo Irish Asset Finance PLC (Trading as Anglo Irish Development Finance) | Debenture | 1 property | 08/07/2008 | 24/05/2012 | |
| satisfied | Heritable Bank Heritable Bank Limited | Legal charge | 1 property | 12/07/2002 | 27/10/2007 | |
| satisfied | Heritable Bank Heritable Bank Limited | Floating charge | 1 property | 12/07/2002 | 27/10/2007 |
Recent filings (82 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2023-05-02
change-person-director-company-with-change-date
officers · CH01
2023-02-15
change-person-secretary-company-with-change-date
officers · CH03
2023-02-15
gazette-notice-voluntary
gazette · GAZ1(A)
2023-02-14
dissolution-application-strike-off-company
dissolution · DS01
2023-02-03
mortgage-satisfy-charge-full
mortgage · MR04
2023-01-24
accounts-with-accounts-type-small
accounts · AA
2022-05-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-22
termination-director-company-with-name-termination-date
officers · TM01
2022-01-11
appoint-person-director-company-with-name-date
officers · AP01
2022-01-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-19
accounts-with-accounts-type-small
accounts · AA
2021-02-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-16
accounts-with-accounts-type-small
accounts · AA
2020-02-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-04-17