3RDTHOUGHT CIC

🚨Distressedactive
10883204 · ltd · incorporated 2017-07-25
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
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Turnover
year to Jul 2024
Net worth
£-4.9k
book net assets
Opportunity
66/100
Strong
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What this business does
Primary activity: Artistic creation
Sector: Arts, entertainment & recreation
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 66/100 (strong), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (72/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
50
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £4,853

Key financials

1 year extracted from filed iXBRL accounts
Cash
£2k
Net Worth
-£5k
Current Assets
£2k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-07-31
Total assets£-4.9k
Current assets£2.1k
Cash£2.1k
Net assets£-4.9k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

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 (15 events)Click to expand
  1. 2024-10-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2024-09-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-06-30
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  4. 2024-06-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-04-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-06-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-04-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-09-05
    ✏️
    change-of-name-community-interest-company
    change-of-name · CICCON
  11. 2017-09-05
    📄
    resolution
    resolution · RESOLUTIONS
  12. 2017-09-05
    ✏️
    change-of-name-notice
    change-of-name · CONNOT
  13. 2017-07-25
    🏢
    Company incorporated
    As 3RDTHOUGHT CIC
  14. 2017-07-25
    WEBSTER, Maxine appointed
    director
  15. 2017-07-25
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

95/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.
  • +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-04-30

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Ms Maxine Webster
Individual · British · DOB 02/1959 · age 67
75100%
75–100%board control75-100% shares · 75-100% voting · board control25/07/2017

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.

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🔒Tailored diligence questions

10 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.

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🔒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.

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Company details

Statusactive
Typeltd
Incorporated2017-07-25
Jurisdictionengland-wales
Primary SIC90030 — Artistic creation

Registered office

Riverside Building Unit 32 Riverside Building
Trinity Buoy Wharf, 64 Orchard Place
London
E14 0JW
England

Filing status

Accounts
Next due: 2026-04-30OVERDUE
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-09-14
Last: 2025-08-31

Officers (1 active · 0 resigned)

WEBSTER, Maxine
director · ~67y · appointed 2017-07-25
View their other companies + combined net worth →
Active

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

Recent filings (22 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-04
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2024-06-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-31
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-04-21