THSC FINANCE LIMITED

🌳Matureactive

04977875 · ltd · incorporated 2003-11-26

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

—

not disclosed

Net worth

—

book net assets

Opportunity

59/100

Worth a look

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What this business does

Primary activity: Activities of head offices

Sector: Professional, scientific & technical

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 59/100 (worth a look), bankability 67/100. Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (38/100).

🏦

Refinance opportunity

11 live charges · 9 lenders · oldest 22.5y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 22.5 years old — likely at or near maturity.
· 9 lenders named — inter-creditor friction likely.
· Legal-friction score 53/100 (high).

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

Lenders & charges

11 charges (11/11 with lender, 11/11 with type)

Directors & officers

25 officers (3 active, 25 linked, 18 with DOB)

Ownership & PSC

2 active PSC(s) of 4 total, 4 with control declared

Director network

10 connected companies via shared directors

Filing history

163 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

59/100Worth a look

PassWatchWorth a lookStrongExceptional

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 mortgage

Last 180 days

filings

• 2 mortgage

Counts from Companies House filing history.

Corporate timeline (91 events)Click to expand

2026-03-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-16
🔒
Charge registered #11
Lender: Endless LLP
2026-03-02
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-27
🔒
Charge registered #10
Lender: Endless LLP (As Security Trustee)
2025-12-04
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-12-04
🔓
Charge satisfied #7
2025-12-03
📄
memorandum-articles
incorporation · MA
2025-12-03
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2025-12-03
📄
statement-of-companys-objects
change-of-constitution · CC04
2025-12-02
📄
resolution
resolution · RESOLUTIONS
2025-11-28
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-11-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-11-27
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-11-27
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-11-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-11-27
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-27
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-11-24
📄
accounts-with-accounts-type-full
accounts · AA
2025-11-24
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-17
➕
COKER, Nicholas Andrew appointed
director
2025-11-17
➖
JONES, Richard Crispin resigned
director
2025-11-17
➖
PETERSON, Alan Edward resigned
director
2025-11-17
🔒
Charge registered #9
Lender: Endless LLP (As Security Trustee)
2025-10-01
📄
legacy
miscellaneous · RP01SH01
2025-09-18
📄
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2025-09-16
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-16
🔓
Charge satisfied #8
2025-01-09
📄
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2025-01-09
📄
legacy
capital · SH20
2025-01-09
⚠️
legacy
insolvency · CAP-SS
2025-01-09
📄
resolution
resolution · RESOLUTIONS
2025-01-09
📄
capital-allotment-shares
capital · SH01
2024-11-25
➕
BROWNING, Mark George appointed
director
2024-11-25
➕
OVERMAN, Jon-Paul Marc appointed
director
2024-11-25
➖
JOLL, Daniel James, Mr. resigned
secretary
2024-11-25
➖
ASHMORE, Stephen, Mr. resigned
director
2024-11-25
➕
PETERSON, Alan Edward appointed
director
2024-09-01
➖
QUESTED, Paul David resigned
director
2024-08-29
➕
JONES, Richard Crispin appointed
director
2023-05-12
🔒
Charge registered #8
Lender: National Westminster Bank PLC as Security Trustee
2021-11-16
🔒
Charge registered #7
Lender: National Westminster Bank PLC as Security Trustee
2021-11-16
🔓
Charge satisfied #6
2018-07-13
🔓
Charge satisfied #5
2018-07-10
🔒
Charge registered #6
Lender: Glas Trust Corporation Limited
2017-06-01
➕
ASHMORE, Stephen, Mr. appointed
director
2017-05-23
➖
GILL, John Bruce resigned
director
2017-01-27
➖
HARTREY, Patrick Mark resigned
secretary
2017-01-27
➕
JOLL, Daniel James, Mr. appointed
secretary
2017-01-22
➖
PERRIN, Fiona Joanne resigned
director
2016-08-22
➕
QUESTED, Paul David appointed
director

Showing most recent 50 of 91 events

Owner dependency

50/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

30/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

1 high · 4 med ·

1 insolvency-related filing on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2025-01-09: legacy

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: JONES, Richard Crispin resigned 2025-11-17; PETERSON, Alan Edward resigned 2025-11-17

3 new charges in last 12 months

medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2026-03-16: A registered charge; 2026-02-27: A registered charge; 2025-11-17: A registered charge

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Name changed recently

medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-12-03: certificate-change-of-name-company

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️

Endless Llp

Corporate parent

🏛️

Project Mansell Newco Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

THSC FINANCE LIMITED

This company · 04977875

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Project Mansell Newco Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	17/11/2025
Endless Llp Corporate entity	—	—	sig. influencesignificant influence	17/11/2025

2 historic (ceased) PSCs

Hero Acquisitions Limitedceased 17/11/2025· 75-100% shares · 75-100% voting · board control
Hss Hire Service Holdings Limitedceased 15/12/2022· 75-100% shares · 75-100% voting · board control

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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

Incorporated2003-11-26

Jurisdictionengland-wales

Primary SIC70100 — Activities of head offices

Registered office

Unit 1 Haslemere Industrial Estate

Silver Jubilee Way

Cranford

Heathrow

TW4 6NF

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-10-14

Last: 2025-09-30

Officers (3 active · 22 resigned)

BROWNING, Mark George→

director · ~44y · appointed 2024-11-25

View their other companies + combined net worth →

Active

COKER, Nicholas Andrew→

director · ~48y · appointed 2025-11-17

View their other companies + combined net worth →

Active

OVERMAN, Jon-Paul Marc→

director · ~47y · appointed 2024-11-25

View their other companies + combined net worth →

Active

GALBRAITH, Andrew→

secretary · appointed 2008-04-17 · resigned 2009-03-04

Resigned

GILL, John Bruce→

secretary · appointed 2009-03-04 · resigned 2009-06-02

Resigned

HARTREY, Patrick Mark→

secretary · appointed 2009-06-02 · resigned 2017-01-27

Resigned

HENDERSON, Martin Robert→

secretary · appointed 2003-11-26 · resigned 2003-12-04

Resigned

JOLL, Daniel James, Mr.→

secretary · appointed 2017-01-27 · resigned 2024-11-25

Resigned

MONNINGTON, Kayte Frances→

secretary · appointed 2007-06-15 · resigned 2008-04-16

Resigned

WILSON, Robert Gordon→

secretary · appointed 2003-12-04 · resigned 2007-06-15

Resigned

ALLY, Bibi Rahima→

nominee-director · ~66y · appointed 2003-11-26 · resigned 2003-12-04

Resigned

ASHMORE, Stephen, Mr.→

director · ~62y · appointed 2017-06-01 · resigned 2024-11-25

Resigned

DAVIES, John Christopher→

director · ~72y · appointed 2007-06-15 · resigned 2015-09-28

Resigned

FIELDING, Lister Anthony→

director · ~83y · appointed 2003-12-04 · resigned 2004-11-24

Resigned

GALBRAITH, Andrew→

director · ~56y · appointed 2008-04-17 · resigned 2009-01-06

Resigned

GILL, John Bruce→

director · ~59y · appointed 2009-02-23 · resigned 2017-05-23

Resigned

JONES, Richard Crispin→

director · ~60y · appointed 2024-08-29 · resigned 2025-11-17

Resigned

MONNINGTON, Kayte Frances→

director · ~73y · appointed 2007-06-15 · resigned 2008-04-16

Resigned

NOLAN, Paul Laurence→

director · ~74y · appointed 2003-12-04 · resigned 2006-09-20

Resigned

PERRIN, Fiona Joanne→

director · ~59y · appointed 2016-05-11 · resigned 2017-01-22

Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:11 of 11 shown

		Type	Properties
outstanding	Endless Endless LLP	A registered charge	—	16/03/2026	—
outstanding	Endless (As Security Trustee) Endless LLP (As Security Trustee)	A registered charge	—	27/02/2026	—
outstanding	Endless (As Security Trustee) Endless LLP (As Security Trustee)	A registered charge	—	17/11/2025	—
satisfied	National Westminster Bank as Security Trustee National Westminster Bank PLC as Security Trustee	A registered charge	—	12/05/2023	16/09/2025
satisfied	National Westminster Bank as Security Trustee National Westminster Bank PLC as Security Trustee	A registered charge	1 property	16/11/2021	04/12/2025
satisfied	Glas Trust Corporation Glas Trust Corporation Limited	A registered charge	1 property	10/07/2018	16/11/2021
satisfied	U.S.Bank Trustees (As Security Agent) U.S.Bank Trustees Limited (As Security Agent)	A registered charge	1 property	06/02/2014	13/07/2018
satisfied	Barclays Barclays Bank PLC as Security Agent	Security agreement	1 property	25/10/2012	07/02/2014
satisfied	Barclays Barclays Bank PLC (Security Agent)	Guarantee & debenture	1 property	27/07/2007	14/11/2012
satisfied	Abn Amro Bank N.V. as Security Agent for and on Behalf of the Secured Parties	Debenture	1 property	05/08/2005	05/07/2007
satisfied	Abn Amro Bank N.V. as Security Agent for the Secured Parties	Debenture	1 property	15/12/2003	12/08/2005

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (163 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2026-03-18

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2026-03-02

mortgage-satisfy-charge-full

mortgage · MR04

2025-12-04

memorandum-articles

incorporation · MA

2025-12-03

certificate-change-of-name-company

change-of-name · CERTNM

2025-12-03

statement-of-companys-objects

change-of-constitution · CC04

2025-12-03

resolution

resolution · RESOLUTIONS

2025-12-02

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC02

2025-11-28

termination-director-company-with-name-termination-date

officers · TM01

2025-11-27

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-11-27

appoint-person-director-company-with-name-date

officers · AP01

2025-11-27

termination-director-company-with-name-termination-date

officers · TM01

2025-11-27

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2025-11-27

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC02

2025-11-27

accounts-with-accounts-type-full

accounts · AA

2025-11-24