THISTLE FOUNDATION

🌳Matureactive

SC024409 · private-limited-guarant-nsc · incorporated 1946-08-01

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.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 9.7y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

77/100

Strong

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What this business does

Primary activity: Social work activities without accommodation for the elderly and disabled

Sector: Human health & social work

ALSO REGISTERED FOR

88990Other social work activities without accommodation n.e.c.
96040Physical well-being activities

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 9.7y

50/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 9.7 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 28/100 — workable, but lender will want more DD.

Data confidence

Overall: low (50/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, 3 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

77 officers (7 active, 77 linked, 63 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

6 connected companies via shared directors

Filing history

263 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

77/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

• 1 confirmation-statement
• 1 officers

Last 180 days

filings

• 2 officers
• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (155 events)Click to expand

2026-04-06
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-03-31
➖
WILLIAMS, Ian resigned
director
2026-01-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-01-06
📄
accounts-with-accounts-type-group
accounts · AA
2025-11-21
➕
PARK, Nicola appointed
director
2025-09-02
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-08-29
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-08-29
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-08-19
➖
FEMI-OLEKANMA, Pedetin, Mrs. resigned
director
2025-08-19
➖
HEBSON, John Ernest Birrell resigned
director
2025-08-01
➕
LOGAN, Elaine appointed
director
2025-04-10
📄
second-filing-of-director-appointment-with-name
officers · RP04AP01
2025-04-10
📄
second-filing-of-director-appointment-with-name
officers · RP04AP01
2025-02-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-02-08
➖
FERGUSON, Nigel Murray resigned
director
2025-01-13
📄
accounts-with-accounts-type-group
accounts · AA
2024-01-12
📄
accounts-with-accounts-type-group
accounts · AA
2023-09-14
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-09-11
➕
FEMI-OLEKANMA, Pedetin, Mrs. appointed
director
2023-04-11
📄
change-person-director-company-with-change-date
officers · CH01
2023-04-10
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2023-04-10
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2023-03-31
➕
MACNEIL, Dawn appointed
secretary
2023-03-30
➖
PARK, Nicola resigned
secretary
2023-01-04
📄
accounts-with-accounts-type-group
accounts · AA
2022-12-14
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-12-14
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-12-07
➖
KERNAHAN, Gary William resigned
director
2022-12-06
➕
WILSON, Gillian Patricia appointed
director
2022-10-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-10-04
➖
LAURIE, Amanda Jane resigned
director
2022-09-01
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-08-31
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2022-08-30
🔒
Charge registered #3
Lender: The Royal Bank of Scotland PLC
2021-09-30
➖
WILSON, Gillian Patricia resigned
director
2021-02-09
🔒
Charge registered #2
Lender: Lombard Technology Services Limited
2020-01-06
➖
CURRIE, Gwen resigned
director
2019-06-10
➖
GIFFIN, David Ronald resigned
director
2019-06-10
➖
NOEL-PATON, Diana Christine resigned
director
2019-04-30
➕
HOOLAHAN, Mark appointed
director
2019-04-30
➕
FERGUSON, Nigel Murray appointed
director
2019-04-30
➕
HEBSON, John Ernest Birrell appointed
director
2018-03-22
➕
KERNAHAN, Gary William appointed
secretary
2018-03-22
➖
KERNAHAN, Gary William resigned
secretary
2018-03-22
➕
KERNAHAN, Gary William appointed
director
2018-03-22
➕
LAURIE, Amanda Jane appointed
director
2017-03-22
➕
BRUCE, Christopher Andrew appointed
director
2017-03-22
➖
NOEL-PATON, Diana Christine resigned
secretary
2017-03-22
➕
PARK, Nicola appointed
secretary
2017-03-22
➖
DALRYMPLE, John Darge resigned
director

Showing most recent 50 of 155 events

Owner dependency

55/100

Moderate — manageable with handover

Some 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.
+Founder age: Director aged approximately 72 — succession pressure is live.

Succession & seller-readiness

65/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

3 director resignations in last 12 months

medium

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

Evidence: FEMI-OLEKANMA, Pedetin, Mrs. resigned 2025-08-19; HEBSON, John Ernest Birrell resigned 2025-08-19; WILLIAMS, Ian resigned 2026-03-31

🔒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

Active · Healthcare & medical · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
SUMMIT HEALTHCARE (WISHAW) LIMITED→ SC182649 · est 1998	£14.49M £10.43M–£18.54M	—	—	0	28y	84	60y
AYRSHIRE HOSPITALS LIMITED→ SC248921 · est 2003	£4.40M £3.17M–£5.63M	—	—	0	23y	84	64y
STONEHOUSE HOSPITALS LIMITED→ SC251033 · est 2003	£706.3k £508.5k–£904.0k	—	—	0	22y	92	64y
RENAISSANCE CARE (UK) LTD→ SC379961 · est 2010	£438.4k £315.7k–£561.2k	—	—	4	15y	84	69y
PRESTIGE NURSING (SCOTLAND) LIMITED→ SC143810 · est 1993	—	—	—	28800	33y	84	63y
ANSWER PROJECT→ SC212773 · est 2000 · no financials extracted	—	—	—	—	25y	83	79y
CRANSTON NURSERIES LIMITED→ SC253519 · est 2003	—	—	£360.3k	—	22y	83	76y
EDINBURGH SPORTS INJURY CLINIC LIMITED→ SC245755 · est 2003	—	—	£97.9k	—	23y	83	61y
ELDER HOMES LIMITED→ SC154896 · est 1994 · no financials extracted	—	—	—	—	31y	83	80y
FLORABANK HOME LIMITED→ SC170166 · est 1996 · no financials extracted	—	—	—	—	29y	83	81y
MCSENCE LIMITED→ SC129794 · est 1991 · no financials extracted	—	—	—	—	35y	83	76y
OPEX LTD.→ SC191607 · est 1998	—	—	—	3400	27y	83	72y

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.

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Company details

Statusactive

Typeprivate-limited-guarant-nsc

Incorporated1946-08-01

Jurisdictionscotland

Primary SIC88100 — Social work activities without accommodation for the elderly and disabled

Registered office

Thistle Centre Of Wellbeing

13 Queen's Walk

Edinburgh

EH16 4EA

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-04-11

Last: 2026-03-28