THISTLE CONTRACT HIRE AND LEASINGLIMITED

🌳Matureactive

SC067312 · ltd · incorporated 1979-03-09

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£-2.6k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 45190

Sector: Wholesale & retail

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 77/100. Strong seller-intent signal (73/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 4 lenders · oldest 43.1y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 43.1 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: high (84/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

19 officers (6 active, 19 linked, 16 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

20 connected companies via shared directors

Filing history

139 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Negative net assets

Liabilities exceed assets by £2,619

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£3k

~ YoY

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£-2.6k	£-2.6k
Debtors	£54.2k	£54.2k
Net assets	£-2.6k	£-2.6k

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

🔒Filing-note intelligence

1 signal 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

filings

Last 90 days

filings

• 2 officers

Last 180 days

filings

• 2 officers
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (53 events)Click to expand

2026-03-16
📄
change-person-director-company-with-change-date
officers · CH01
2026-03-16
📄
change-person-director-company-with-change-date
officers · CH01
2025-12-29
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-12-24
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-11-06
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-10-29
➖
PARK, Douglas Ireland resigned
director
2023-12-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-28
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-05-31
➖
BRYCE, Alexander Stewart resigned
director
2022-05-31
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-12-15
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-02-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-30
📄
mortgage-satisfy-charge-full
mortgage · MR04
2020-05-30
🔓
Charge satisfied #4
2020-05-11
📄
change-person-director-company-with-change-date
officers · CH01
2019-11-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-11-18
📄
appoint-person-director-company-with-name-date
officers · AP01
2017-11-17
➕
NOBLE, Alasdair George appointed
director
2017-11-14
📄
termination-director-company-with-name-termination-date
officers · TM01
2017-11-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-11-03
➖
DONNACHIE, Gerard resigned
director
2017-10-06
➕
NOBLE, Alasdair George appointed
secretary
2017-10-06
➖
DONNACHIE, Gerard resigned
secretary
2015-11-01
➕
PARK, Graeme Thomas appointed
director
2015-11-01
➕
PARK, Douglas Ireland appointed
director
2015-06-23
➖
PARK, Douglas Ireland resigned
director
2011-07-23
🔓
Charge satisfied #1
2011-07-23
🔓
Charge satisfied #3
2010-04-06
➕
PARK, Ross William appointed
director
2010-04-06
➕
BRYCE, Alexander Stewart appointed
director
2007-11-05
➖
BROWN, Steve resigned
director
2006-05-04
➕
CUMMING, William appointed
director
2006-05-04
➕
BROWN, Steve appointed
director
2003-06-30
➖
MILLER, John resigned
director
2003-01-31
➖
COLE, Ian Edward resigned
director
2001-11-01
➕
COLE, Ian Edward appointed
director
1999-07-26
➖
HEATH, David resigned
director
1999-04-30
➖
WYPER, Robert Littlejohn resigned
director
1998-09-02
➕
WYPER, Robert Littlejohn appointed
director
1995-12-15
➕
HEATH, David appointed
director
1995-12-15
➕
MILLER, John appointed
director
1993-03-29
➖
KERR, Alastair Monteith resigned
director
1992-03-31
➖
MILTON, Robert William resigned
director
1991-10-31
🔓
Charge satisfied #2
1991-06-07
➕
KERR, Alastair Monteith appointed
director
1990-12-14
➖
COLE, Ian Edward resigned
director
1990-09-01
➕
DONNACHIE, Gerard appointed
director
1983-06-17
🔒
Charge registered #4
Lender: The Governor and Company of the Bank of Scotland
1983-04-13
🔒
Charge registered #2
Lender: Renault Loan LTD

Showing most recent 50 of 53 events

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 77 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 47 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 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Parks Of Hamilton (Holdings) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Parks Of Hamilton (Holdings) Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

THISTLE CONTRACT HIRE AND LEASINGLIMITED

This company · SC067312

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
Parks Of Hamilton (Holdings) Limited Corporate entity	75–100%	—	75-100% shares	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

Active · Automotive · ML postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
COOPER BROS LTD.→ SC376259 · est 2010	£994.7k £795.8k–£1.19M	—	—	63	16y	83	82y
BROWNSBURN GARAGE LIMITED→ SC242933 · est 2003	—	—	—	600	23y	83	58y
GOPAL MOTORS LIMITED→ SC132600 · est 1991	—	—	£29.5k	—	34y	83	78y
J.M.T. MANUFACTURING LIMITED→ SC099682 · est 1986	—	—	—	400	39y	83	75y
A. GRAY & SONS LTD.→ SC239040 · est 2002	—	—	£252.5k	—	23y	82	89y
AUTO-TEK LIMITED→ SC085669 · est 1983	—	—	—	6	42y	82	78y
B & B COMMERCIALS LIMITED→ SC371046 · est 2010	—	—	—	600	16y	82	70y
CANDERRIGG SERVICES LIMITED→ SC063543 · est 1977	—	—	£60.6k	—	48y	82	61y
GRANT MILLER VEHICLES LIMITED→ SC266620 · est 2004	—	—	£382.7k	—	22y	82	72y
HAMILTON TRACTORS (CARNWATH) LIMITED→ SC349764 · est 2008	—	—	£568.9k	—	17y	82	67y
PARKS OF HAMILTON LIMITED→ SC103161 · est 1987	—	—	—	—	39y	82	77y
PETER VARDY LIMITED→ SC297001 · est 2006 · no financials extracted	—	—	—	—	20y	82	79y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

7 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

Incorporated1979-03-09

Jurisdictionscotland

Primary SIC45190 — SIC 45190

Registered office

Park House

14 Bothwell Road

Hamilton

Lanarkshire

ML3 0AY

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-06-24

Last: 2025-06-10