THORNTOUN LIMITED

🌳Matureactive
SC129587 · ltd · incorporated 1991-01-28
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 34.5y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Other human health activities
Sector: Human health & social work
ALSO REGISTERED FOR
  • 87300Residential care activities for the elderly and disabled
Investor take
Pursue
Conservative operator with a 62-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 80/100. Strong seller-intent signal (70/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (85/100).

🏦

Refinance opportunity

2 live charges · oldest 34.5y

75/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 34.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.
  • · Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: high (81/100)

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

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 3 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
107 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £1,043,601

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Profit before tax£1.04M£871.6k
Average employees17418200

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

🔒Filing-note intelligence

2 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
0
filings
Last 90 days
0
filings
Last 180 days
5
filings
  • 2 officers
  • 1 confirmation-statement
  • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2026-01-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-01-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-01-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  4. 2026-01-27
    JOHNSTONE, Agnes Murray Murphy resigned
    director
  5. 2026-01-27
    JOHNSTONE, William Murdoch resigned
    director
  6. 2025-11-28
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2025-02-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  8. 2025-02-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2025-02-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2025-02-06
    🔓
    Charge satisfied #2
  11. 2024-12-24
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 2023-11-15
    📄
    accounts-with-accounts-type-full
    accounts · AA
  13. 2022-12-09
    📄
    accounts-with-accounts-type-full
    accounts · AA
  14. 2021-12-23
    📄
    accounts-with-accounts-type-full
    accounts · AA
  15. 2021-04-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2020-12-14
    📄
    accounts-with-accounts-type-full
    accounts · AA
  17. 2020-09-03
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  18. 2020-09-02
    📄
    capital-allotment-shares
    capital · SH01
  19. 2019-12-19
    📄
    accounts-with-accounts-type-full
    accounts · AA
  20. 2018-12-21
    📄
    accounts-with-accounts-type-full
    accounts · AA
  21. 2007-11-15
    BROWN, David John appointed
    secretary
  22. 2007-11-15
    JOHNSTONE, Richard Bell resigned
    secretary
  23. 1992-03-24
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  24. 1991-10-15
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  25. 1991-02-07
    JOHNSTONE, Agnes Murray Murphy appointed
    director
  26. 1991-01-28
    🏢
    Company incorporated
    As THORNTOUN LIMITED
  27. 1991-01-28
    JOHNSTONE, Richard Bell appointed
    director
  28. 1991-01-28
    JOHNSTONE, Richard Bell appointed
    secretary
  29. 1991-01-28
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  30. 1991-01-28
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  31. 1991-01-28
    JOHNSTONE, William Murdoch appointed
    director
  32. 1991-01-28
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director
  33. 1991-01-28
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director

Owner dependency

93/100
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.
  • +Long-tenure founder: Senior director has been in place 35 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 35 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 35 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 ·
2 director resignations in last 12 months
medium

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

Evidence: JOHNSTONE, Agnes Murray Murphy resigned 2026-01-27; JOHNSTONE, William Murdoch resigned 2026-01-27

Group structure

Thorntoun Estate Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Thorntoun Estate Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
THORNTOUN LIMITED
This company · SC129587

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%
NameSharesVoting rightsNature of controlNotified
Thorntoun Estate Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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 →

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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
Incorporated1991-01-28
Jurisdictionscotland
Primary SIC86900 — Other human health activities

Registered office

Thorntoun Estate
Crosshouse
Kilmarnock
Ayrshire
KA2 0BH
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-11
Last: 2026-01-28

Officers (2 active · 5 resigned)

BROWN, David John
secretary · appointed 2007-11-15
View their other companies + combined net worth →
Active
JOHNSTONE, Richard Bell
director · ~62y · appointed 1991-01-28
View their other companies + combined net worth →
Active
JOHNSTONE, Richard Bell
secretary · appointed 1991-01-28 · resigned 2007-11-15
Resigned
OSWALDS OF EDINBURGH LIMITED
corporate-nominee-secretary · appointed 1991-01-28 · resigned 1991-01-28
Resigned
JOHNSTONE, Agnes Murray Murphy
director · ~87y · appointed 1991-02-07 · resigned 2026-01-27
Resigned
JOHNSTONE, William Murdoch
director · ~87y · appointed 1991-01-28 · resigned 2026-01-27
Resigned
JORDANS (SCOTLAND) LIMITED
corporate-nominee-director · appointed 1991-01-28 · resigned 1991-01-28
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property24/03/199206/02/2025
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property15/10/1991
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (107 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-29
termination-director-company-with-name-termination-date
officers · TM01
2026-01-29
termination-director-company-with-name-termination-date
officers · TM01
2026-01-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2026-01-29
accounts-with-accounts-type-full
accounts · AA
2025-11-28
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-02-25
change-person-director-company-with-change-date
officers · CH01
2025-02-25
mortgage-satisfy-charge-full
mortgage · MR04
2025-02-06
accounts-with-accounts-type-full
accounts · AA
2024-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-30
accounts-with-accounts-type-full
accounts · AA
2023-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-31
accounts-with-accounts-type-full
accounts · AA
2022-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-28