THORNSETT LONDON LIMITED
⚰️Wound downdissolved
07449794 · ltd · incorporated 2010-11-24
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 15.0y old — refinance window within 12 months
🔒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 80/100. Strong seller-intent signal (88/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
5 live charges · oldest 15.0y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 15.0 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (61/100)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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 4 with DOB)
86
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
50 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 (38 events)Click to expand
- 2022-05-31📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2022-05-31🏁Company dissolved
- 2022-04-01📄dissolution-voluntary-strike-off-suspendeddissolution · SOAS(A)
- 2022-03-01📄gazette-notice-voluntarygazette · GAZ1(A)
- 2022-02-22📄dissolution-application-strike-off-companydissolution · DS01
- 2020-02-04📄accounts-with-accounts-type-smallaccounts · AA
- 2019-02-06📄accounts-with-accounts-type-smallaccounts · AA
- 2018-02-07📄accounts-with-accounts-type-smallaccounts · AA
- 2017-02-14📄accounts-with-accounts-type-fullaccounts · AA
- 2016-02-09📄accounts-with-accounts-type-fullaccounts · AA
- 2015-12-21📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-12-21📄change-person-director-company-with-change-dateofficers · CH01
- 2015-12-21📄change-person-secretary-company-with-change-dateofficers · CH03
- 2015-02-13📄accounts-with-accounts-type-fullaccounts · AA
- 2014-12-04📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-09-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2014-09-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2014-09-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2014-09-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2014-09-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2014-09-19🔓Charge satisfied #5
- 2014-09-19🔓Charge satisfied #4
- 2014-09-19🔓Charge satisfied #3
- 2014-09-19🔓Charge satisfied #2
- 2014-09-19🔓Charge satisfied #1
- 2013-07-10➖CUNNINGHAM, Denis resigneddirector
- 2012-03-26🔒Charge registered #5Lender: Close Brothers Limited
- 2011-06-06🔒Charge registered #4Lender: Close Brothers Limited
- 2011-06-06🔒Charge registered #3Lender: Close Brothers Limited
- 2011-06-06🔒Charge registered #2Lender: Close Brothers Limited
- 2011-06-06🔒Charge registered #1Lender: Close Brothers Limited
- 2010-11-24🏢Company incorporatedAs THORNSETT LONDON LIMITED
- 2010-11-24➕CUNNINGHAM, Gerard appointedsecretary
- 2010-11-24➕CUNNINGHAM, Bernadette Marie appointeddirector
- 2010-11-24➕CUNNINGHAM, Gerard appointeddirector
- 2010-11-24➕CUNNINGHAM, Denis appointeddirector
- 2010-11-24➕DAVIS, Andrew Simon appointeddirector
- 2010-11-24➖DAVIS, Andrew Simon resigneddirector
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 16 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
79/100
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.
- secondary12+ year tenure: Director in role 16 years.
- secondaryStable-but-static management: Company is 16 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 2022-05-31
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
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|---|---|---|---|---|---|---|---|
| A & GE SOLUTIONS LIMITED→ 13567131 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| A.G GREY CONSULTING LTD→ 10574013 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| ACS FIRE ALARMS LTD→ 11385879 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ACT ELECTRICAL & PLUMBING LTD→ 12281286 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ACTIONSTATE LIMITED→ 03391839 · est 1997 · no financials extracted | — | — | — | — | 28y | — | — |
| AD BUSINESS SUPPORT LTD→ 14643971 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| AD3 HOLDINGS LTD→ 15011139 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADAMPROTECTION LTD→ 13843410 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| ADIMO COMPANY LTD→ 12185524 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ADINA FINANCIAL SERVICES LTD→ 14838204 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADVANCED CLIMATE SERVICES LTD→ 16419831 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADVANCED CONTRACTING LTD→ 17100538 · est 2026 · 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
Incorporated2010-11-24
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 · 2 resigned)
CUNNINGHAM, Gerard→
Activesecretary · appointed 2010-11-24
View their other companies + combined net worth →
CUNNINGHAM, Bernadette Marie→
Activedirector · ~56y · appointed 2010-11-24
View their other companies + combined net worth →
CUNNINGHAM, Gerard→
Activedirector · ~67y · appointed 2010-11-24
View their other companies + combined net worth →
CUNNINGHAM, Denis→
Resigneddirector · ~76y · appointed 2010-11-24 · resigned 2013-07-10
DAVIS, Andrew Simon→
Resigneddirector · ~63y · appointed 2010-11-24 · resigned 2010-11-24
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
0
Outstanding
0
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Close Brothers Close Brothers Limited | Legal charge | 3 properties | 26/03/2012 | 19/09/2014 | |
| satisfied | Close Brothers Close Brothers Limited | Charge over construction contract | 1 property | 06/06/2011 | 19/09/2014 | |
| satisfied | Close Brothers Close Brothers Limited | Charge over development agreement and agreement for lease with family mosaic | 1 property | 06/06/2011 | 19/09/2014 | |
| satisfied | Close Brothers Close Brothers Limited | Charge over development agreement (brewers) | 1 property | 06/06/2011 | 19/09/2014 | |
| satisfied | Close Brothers Close Brothers Limited | Mortgage debenture | 1 property | 06/06/2011 | 19/09/2014 |
Recent filings (50 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2022-05-31
dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2022-04-01
gazette-notice-voluntary
gazette · GAZ1(A)
2022-03-01
dissolution-application-strike-off-company
dissolution · DS01
2022-02-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-18
accounts-with-accounts-type-small
accounts · AA
2020-02-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-04
accounts-with-accounts-type-small
accounts · AA
2019-02-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-11-28
accounts-with-accounts-type-small
accounts · AA
2018-02-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2017-12-06
accounts-with-accounts-type-full
accounts · AA
2017-02-14
confirmation-statement-with-updates
confirmation-statement · CS01
2016-12-01
accounts-with-accounts-type-full
accounts · AA
2016-02-09