THISTLE BIDCO LIMITED
🏛️Establishedactive
13346728 · ltd · incorporated 2021-04-20
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.
Why now
Window closing · high confidence
Getting harder to buy cheaply — 3 signals strengthening over the last 30 days.
- · Hygiene score: 65 → 85
- · Opportunity score: 69 → 74
- · Bankability: 55 → 65
- · 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
Picture improved over the last 30 days — 3 positive signals vs 1 negative.
- ↑Opportunity score: 69 → 74
- ↑Hygiene score: 65 → 85
- ↑Bankability: 55 → 65
- ↓Live charges: 4 → 5
- ·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
—
not disclosed
Net worth
—
book net assets
Opportunity
74/100
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 74/100 (strong), bankability 65/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
5 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 (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
9 officers (7 active, 9 linked, 8 with DOB)
88
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
38 connected companies via shared directors
90
Filing history
54 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
5
filings
- • 2 accounts
- • 2 other
- • 1 mortgage
Last 90 days
6
filings
- • 2 accounts
- • 2 other
- • 1 mortgage
Last 180 days
9
filings
- • 3 accounts
- • 2 other
- • 2 officers
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
- 2026-07-15📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2026-07-15📄legacyaccounts · PARENT_ACC
- 2026-07-15📄legacyother · GUARANTEE2
- 2026-07-15📄legacyother · AGREEMENT2
- 2026-07-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-06-30🔒Charge registered #5Lender: 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 #4Lender: Santander UK PLC as Security Agent
- 2025-06-17📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2025-05-07📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-05-07📄legacyaccounts · PARENT_ACC
- 2025-05-07📄legacyother · GUARANTEE2
- 2025-05-07📄legacyother · AGREEMENT2
- 2025-03-26📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-12-19📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2024-12-10📄legacyother · GUARANTEE2
- 2024-12-10📄legacyother · AGREEMENT2
- 2024-11-26📄legacyaccounts · PARENT_ACC
- 2024-11-26📄legacyother · GUARANTEE2
- 2024-11-26📄legacyother · AGREEMENT2
- 2024-09-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-09🔒Charge registered #3Lender: 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
- 2021-07-15➕OAKWOOD CORPORATE SECRETARY LIMITED appointedcorporate-secretary
- 2021-07-09➕GOHEER, Usman Aziz appointeddirector
- 2021-07-09➕KEEGANS, Peter appointeddirector
- 2021-06-01➕ABOUCHALACHE, Fady Michel appointeddirector
- 2021-06-01➕HANS, Jagdeep Singh, Dr appointeddirector
- 2021-06-01🔒Charge registered #2Lender: Santander UK PLC (As Security Agent)
- 2021-06-01🔒Charge registered #1Lender: Santander UK PLC (As Security Agent)
- 2021-04-20🏢Company incorporatedAs THISTLE BIDCO LIMITED
- 2021-04-20➕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
- -6 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
1 low5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Thistle Holdco Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Thistle Holdco Limited
Corporate parent · holds 75-100% shares · board control
⬇
THISTLE BIDCO LIMITED
This company · 13346728
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Thistle Holdco Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 20/04/2021 |
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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|---|---|---|---|---|---|---|---|
| ASTBURY GARDENS (MANAGEMENT COMPANY) LIMITED→ 15537124 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
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| BAUER COMPRESSORS LIMITED→ 03572077 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
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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
Incorporated2021-04-20
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: 2027-05-03
Last: 2026-04-19
Officers (7 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 2021-04-20
View their other companies + combined net worth →
GOHEER, Usman Aziz→
Activedirector · ~44y · appointed 2021-07-09
View their other companies + combined net worth →
HANS, Jagdeep Singh, Dr→
Activedirector · ~38y · appointed 2021-06-01
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 2021-07-09 · resigned 2024-07-26
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
5
Outstanding
1
Active lenders
Status:Lender:5 of 5 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 | — | |
| 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 (54 total)
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2026-07-15
legacy
accounts · PARENT_ACC
2026-07-15
legacy
other · GUARANTEE2
2026-07-15
legacy
other · AGREEMENT2
2026-07-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-07-06
confirmation-statement-with-no-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
2025-06-17
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-05-07
legacy
accounts · PARENT_ACC
2025-05-07
legacy
other · GUARANTEE2
2025-05-07
legacy
other · AGREEMENT2
2025-05-07