THISTLE HOLDCO LIMITED
🏛️Establishedactive
13342897 · ltd · incorporated 2021-04-19
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
Why now
Window closing · high confidence
Getting harder to buy cheaply — 2 signals strengthening over the last 30 days.
- · Hygiene score: 65 → 85
- · Deal-killer verdict: complicated → high-friction
- · Opportunity score: 69 → 78
- · Distress / opportunity: speculative → avoid
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 5.1y old — refinance window within 12 months
What changed my view
Last 30 days
Mixed signals in the last 30 days — 2 improved, 2 worsened.
- ↓Deal-killer verdict: complicated → high-friction
- ↑Opportunity score: 69 → 78
- ↑Hygiene score: 65 → 85
- ↓Live charges: 3 → 4
- ·Distress / opportunity: speculative → avoid
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
PursueStrong opportunity: dormant / non-trading with strong profile and acceptable with review structure.
Opportunity 78/100 (strong), bankability 65/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
4 live charges · 2 lenders · oldest 5.1y
70/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 5.1 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (68/100)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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
10 officers (8 active, 10 linked, 9 with DOB)
88
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
38 connected companies via shared directors
90
Filing history
53 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-30 |
|---|---|
| Average employees | 55200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.
Available from the Pro tier upwards.
See pricing →Recent activity
Last 30 days
2
filings
- • 1 mortgage
- • 1 accounts
Last 90 days
3
filings
- • 1 mortgage
- • 1 accounts
- • 1 confirmation-statement
Last 180 days
6
filings
- • 2 accounts
- • 2 officers
- • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
- 2026-07-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-06-30📄accounts-with-accounts-type-groupaccounts · AA
- 2026-06-30🔒Charge registered #4Lender: Santander UK PLC as Security Agent
- 2026-03-30📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2026-03-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-03-19➕TINNING, Murray John appointeddirector
- 2026-03-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-12➖AINLEY, Harvey Bertenshaw resigneddirector
- 2025-10-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-13🔒Charge registered #3Lender: Santander UK PLC as Security Agent
- 2025-06-26📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2025-05-13📄second-filing-capital-allotment-sharescapital · RP04SH01
- 2025-05-07📄accounts-with-accounts-type-groupaccounts · AA
- 2025-03-27📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2025-01-14📄capital-alter-shares-subdivisioncapital · SH02
- 2025-01-13📄capital-name-of-class-of-sharescapital · SH08
- 2024-11-27📄accounts-with-accounts-type-groupaccounts · AA
- 2024-10-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-09-25➕KUMARAVEL, Vigneshwar appointeddirector
- 2024-09-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-09🔒Charge registered #2Lender: Santander UK PLC as Security Agent
- 2024-08-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-26➖KEEGANS, Peter resigneddirector
- 2024-03-28➕RICHARDSON, Jeremy Robert Arthur appointeddirector
- 2024-03-28➕AINLEY, Harvey Bertenshaw appointeddirector
- 2024-03-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-03-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-03-28📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2023-04-19📄accounts-amended-with-accounts-type-groupaccounts · AAMD
- 2023-04-11📄accounts-with-accounts-type-groupaccounts · AA
- 2021-07-15➕OAKWOOD CORPORATE SECRETARY LIMITED appointedcorporate-secretary
- 2021-06-01➕ABOUCHALACHE, Fady Michel appointeddirector
- 2021-06-01➕GOHEER, Usman Aziz appointeddirector
- 2021-06-01➕HANS, Jagdeep Singh, Dr appointeddirector
- 2021-06-01➕KEEGANS, Peter appointeddirector
- 2021-06-01🔒Charge registered #1Lender: Santander UK PLC (As Security Agent)
- 2021-04-19🏢Company incorporatedAs THISTLE HOLDCO LIMITED
- 2021-04-19➕DIB, Joseph Patrick appointeddirector
Owner dependency
48/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -7 active directors: Broader management team in place — suggests transferable governance.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
40/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
🔒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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|---|---|---|---|---|---|---|---|
| ASTBURY GARDENS (MANAGEMENT COMPANY) LIMITED→ 15537124 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AUSKOP GROUP LTD→ 14245234 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AUTO MARINE CABLES INTERNATIONAL LIMITED→ 12062436 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| B8RE TRUSTEE LIMITED→ 13079630 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| BAKER STREET HOLDINGS LIMITED→ 10560246 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| BANDBRAND HOLDINGS LTD→ 15721516 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BATRAK HOLDINGS LTD→ 15965252 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BATTERSEA PARK COURT RTM COMPANY LIMITED→ 05321181 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| BAUER COMPRESSORS LIMITED→ 03572077 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| BAUER COMPRESSORS UK LIMITED→ 03572059 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| BAYMEWS LIMITED→ 03222406 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
| BC BIDCO 1 HOLDINGS LTD→ 16333253 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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
Statusactive
Typeltd
Incorporated2021-04-19
Jurisdictionengland-wales
Primary SIC74990 — Non-trading company
Registered office
3rd Floor 1 Ashley Road
Altrincham
Cheshire
WA14 2DT
United Kingdom
Filing status
Accounts
Next due: 2026-12-30
Last made up to: 2025-03-30
Confirmation statement
Next due: 2027-05-02
Last: 2026-04-18
Officers (8 active · 2 resigned)
OAKWOOD CORPORATE SECRETARY LIMITED→
Activecorporate-secretary · appointed 2021-07-15
View their other companies + combined net worth →
ABOUCHALACHE, Fady Michel→
Activedirector · ~62y · appointed 2021-06-01
View their other companies + combined net worth →
DIB, Joseph Patrick→
Activedirector · ~46y · appointed 2021-04-19
View their other companies + combined net worth →
GOHEER, Usman Aziz→
Activedirector · ~44y · appointed 2021-06-01
View their other companies + combined net worth →
HANS, Jagdeep Singh, Dr→
Activedirector · ~38y · appointed 2021-06-01
View their other companies + combined net worth →
KUMARAVEL, Vigneshwar→
Activedirector · ~35y · appointed 2024-09-25
View their other companies + combined net worth →
RICHARDSON, Jeremy Robert Arthur→
Activedirector · ~56y · appointed 2024-03-28
View their other companies + combined net worth →
TINNING, Murray John→
Activedirector · ~41y · appointed 2026-03-19
View their other companies + combined net worth →
AINLEY, Harvey Bertenshaw→
Resigneddirector · ~60y · appointed 2024-03-28 · resigned 2026-03-12
KEEGANS, Peter→
Resigneddirector · ~66y · appointed 2021-06-01 · resigned 2024-07-26
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Santander Santander UK PLC as Security Agent | A registered charge | 1 property | 30/06/2026 | — | |
| outstanding | Santander Santander UK PLC as Security Agent | A registered charge | 1 property | 13/10/2025 | — | |
| outstanding | Santander Santander UK PLC as Security Agent | A registered charge | 1 property | 09/09/2024 | — | |
| outstanding | Santander Santander UK PLC (As Security Agent) | A registered charge | 1 property | 01/06/2021 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (53 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-07-06
accounts-with-accounts-type-group
accounts · AA
2026-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-27
change-account-reference-date-company-current-shortened
accounts · AA01
2026-03-30
appoint-person-director-company-with-name-date
officers · AP01
2026-03-26
termination-director-company-with-name-termination-date
officers · TM01
2026-03-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-14
change-account-reference-date-company-previous-extended
accounts · AA01
2025-06-26
second-filing-capital-allotment-shares
capital · RP04SH01
2025-05-13
accounts-with-accounts-type-group
accounts · AA
2025-05-07
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-30
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-03-27
capital-alter-shares-subdivision
capital · SH02
2025-01-14
capital-name-of-class-of-shares
capital · SH08
2025-01-13
accounts-with-accounts-type-group
accounts · AA
2024-11-27