THAINSTONE HOUSE HOTEL LIMITED

🌳Matureactive
SC131433 · ltd · incorporated 1991-04-23
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
£1.05M
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Hotels and similar accommodation
Sector: Accommodation & food service
Investor take
Pursue
Asset-holding vehicle with a 69-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 77/100. Strong seller-intent signal (78/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

17 live charges · 8 lenders · oldest 34.4y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 34.4 years old — likely at or near maturity.
  • · 8 lenders named — inter-creditor friction likely.
  • · Legal-friction score 45/100 (high).

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
75
Lenders & charges
17 charges (17/17 with lender, 17/17 with type)
90
Directors & officers
26 officers (3 active, 26 linked, 20 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
17 connected companies via shared directors
90
Filing history
223 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
70
Active, clean filings, stable charge profile.
Acquirability
75
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 · accounting standard not declared
Positive net assets
Net assets £1,050,000

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£1.1m
~ YoY
Current Assets
£1.1m
~ YoY
Current Liabilities
—
£0£210k£420k£630k£840k£1.1mSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-262023-09-28
Total assets£1.05M£1.05M
Current assets£1.05M£1.05M
Net assets£1.05M£1.05M

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

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (105 events)Click to expand
  1. 2025-06-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-06-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-06-04
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  4. 2025-06-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-05-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  6. 2025-05-15
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  7. 2025-05-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2025-05-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2024-12-30
    📍
    move-registers-to-registered-office-company-with-new-address
    address · AD04
  10. 2024-06-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2024-02-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2024-02-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2024-02-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2024-02-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2024-02-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2024-02-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2024-02-21
    🔓
    Charge satisfied #18
  18. 2024-02-21
    🔓
    Charge satisfied #17
  19. 2024-02-21
    🔓
    Charge satisfied #16
  20. 2024-02-21
    🔓
    Charge satisfied #15
  21. 2024-02-21
    🔓
    Charge satisfied #14
  22. 2024-02-21
    🔓
    Charge satisfied #13
  23. 2023-10-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  24. 2023-06-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  25. 2022-12-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  26. 2022-12-05
    ➖
    CARTER, Phil resigned
    director
  27. 2022-10-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  28. 2022-10-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  29. 2022-10-20
    ➕
    GILLIES, Hugh appointed
    director
  30. 2022-01-19
    ➕
    FRASER, Robert Gordon appointed
    director
  31. 2022-01-07
    ➕
    CARTER, Phil appointed
    director
  32. 2022-01-07
    ➖
    FALLS, Aaron Peter resigned
    director
  33. 2021-05-19
    ➕
    FALLS, Aaron Peter appointed
    director
  34. 2021-05-19
    ➖
    FRASER, Robert Gordon resigned
    director
  35. 2020-08-24
    🔒
    Charge registered #18
    Lender: Bank of Scotland PLC as Agent and Security Trustee for Each of the Secured Parties (As Defined in the Instrument Appended to This MR01)
  36. 2020-08-24
    🔒
    Charge registered #17
    Lender: Bank of Scotland PLC as Agent and Security Trustee for Each of the Secured Parties (As Defined in the Instrument Appended to This MR01)
  37. 2019-05-31
    ➖
    MCBURNIE, Jason resigned
    director
  38. 2017-02-17
    ➕
    MCBURNIE, Jason appointed
    director
  39. 2014-03-19
    🔒
    Charge registered #16
    Lender: Bank of Scotland PLC as Agent and Security Trustee for Each of the Secured Parties (As More Particularly Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
  40. 2014-03-19
    🔒
    Charge registered #15
    Lender: Bank of Scotland PLC as Agent and Security Trustee for Each of the Secured Parties (As More Particularly Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
  41. 2010-07-06
    ➖
    MACDONALD, Donald John resigned
    director
  42. 2009-06-19
    🔒
    Charge registered #14
    Lender: Bank of Scotland PLC
  43. 2008-04-11
    ➖
    SMITH, Gerard Henry resigned
    director
  44. 2006-02-17
    ➕
    FRASER, Robert Gordon appointed
    director
  45. 2005-10-26
    🔓
    Charge satisfied #12
  46. 2005-10-26
    🔓
    Charge satisfied #11
  47. 2005-10-19
    🔒
    Charge registered #13
    Lender: The Governor and Company of the Bank of Scotland as Security Trustee
  48. 2005-07-21
    ➖
    CHRISTIE, Scott Sommervaille resigned
    director
  49. 2005-07-21
    ➕
    SMITH, Gerard Henry appointed
    director
  50. 2005-03-31
    ➖
    BUSBY, James George William resigned
    director
Showing most recent 50 of 105 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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

66/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 35 years old and no new directors in the last 3 years — succession not yet being planned internally.

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

Macdonald Hotels Investments Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Macdonald Hotels Investments Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
THAINSTONE HOUSE HOTEL LIMITED
This company · SC131433

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
Macdonald Hotels Investments Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control05/05/2023
2 historic (ceased) PSCs
  • Hsdl Nominees Limitedceased 05/05/2023· 75-100% shares · 75-100% voting
  • Macdonald Hotels Investments Limited ceased 06/04/2016· 75-100% shares · 75-100% voting · board control

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
Incorporated1991-04-23
Jurisdictionscotland
Primary SIC55100 — Hotels and similar accommodation

Registered office

Crutherland House And Spa
Strathaven Road
East Kilbride
G75 0QJ
United Kingdom

Filing status

Accounts
Next due: 2026-06-26
Last made up to: 2024-09-26
Confirmation statement
Next due: 2027-04-14
Last: 2026-03-31

Officers (3 active · 23 resigned)

FRASER, Robert Gordon→
secretary · appointed 2001-04-20
View their other companies + combined net worth →
Active
FRASER, Robert Gordon→
director · ~69y · appointed 2022-01-19
View their other companies + combined net worth →
Active
GILLIES, Hugh→
director · ~34y · appointed 2022-10-20
View their other companies + combined net worth →
Active
BUSBY, James George William→
secretary · appointed 1997-08-20 · resigned 2000-04-01
Resigned
GILLESPIE, Brendan→
secretary · appointed 2000-04-01 · resigned 2001-04-20
Resigned
IAIN SMITH & COMPANY→
corporate-nominee-secretary · appointed 1993-11-19 · resigned 1993-11-19
Resigned
IAIN SMITH AND COMPANY→
corporate-secretary · appointed 1993-11-19 · resigned 1997-08-20
Resigned
JAMES AND GEORGE COLLIE→
corporate-secretary · appointed 1991-04-23 · resigned 1993-11-19
Resigned
ALLISON, Glenn Fraser Whyte→
director · ~70y · appointed 1991-12-12 · resigned 1997-08-20
Resigned
BUSBY, James George William→
director · ~78y · appointed 1997-08-20 · resigned 2005-03-31
Resigned
CARTER, Phil→
director · ~41y · appointed 2022-01-07 · resigned 2022-12-05
Resigned
CHRISTIE, Scott Sommervaille→
director · ~61y · appointed 2001-04-20 · resigned 2005-07-21
Resigned
FALLS, Aaron Peter→
director · ~47y · appointed 2021-05-19 · resigned 2022-01-07
Resigned
FRASER, Robert Gordon→
director · ~69y · appointed 2006-02-17 · resigned 2021-05-19
Resigned
LOVIE, Edith→
director · ~77y · appointed 1991-04-30 · resigned 1997-07-16
Resigned
LOVIE, Michael Alexander→
director · ~80y · appointed 1991-04-30 · resigned 1997-07-16
Resigned
MACDONALD, Donald John→
director · ~79y · appointed 1997-08-20 · resigned 2010-07-06
Resigned
MCBURNIE, Jason→
director · ~48y · appointed 2017-02-17 · resigned 2019-05-31
Resigned
MCLENNAN, Ian Fleming→
director · ~70y · appointed 1991-11-07 · resigned 1992-03-02
Resigned
MEDLEY, Peter John→
director · ~73y · appointed 1994-01-19 · resigned 1995-02-21
Resigned

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

Mortgages & charges

17
Total charges
0
Outstanding
0
Active lenders
Status:Lender:17 of 17 shown
TypeProperties
satisfied
Lloyds Banking Group
Bank of Scotland PLC as Agent and Security Trustee for Each of the Secured Parties (As Defined in the Instrument Appended to This MR01)
A registered charge1 property24/08/202021/02/2024
satisfied
Lloyds Banking Group
Bank of Scotland PLC as Agent and Security Trustee for Each of the Secured Parties (As Defined in the Instrument Appended to This MR01)
A registered charge—24/08/202021/02/2024
satisfied
Lloyds Banking Group
Bank of Scotland PLC as Agent and Security Trustee for Each of the Secured Parties (As More Particularly Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
A registered charge1 property19/03/201421/02/2024
satisfied
Lloyds Banking Group
Bank of Scotland PLC as Agent and Security Trustee for Each of the Secured Parties (As More Particularly Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
A registered charge1 property19/03/201421/02/2024
satisfied
Lloyds Banking Group
Bank of Scotland PLC
Deed of confirmation1 property19/06/200921/02/2024
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland as Security Trustee
Floating charge1 property19/10/200521/02/2024
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property05/09/200326/10/2005
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property03/09/200326/10/2005
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property24/05/200116/09/2003
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property26/04/200116/09/2003
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland for Itself and as Security Trustee
Bond & floating charge1 property28/04/199816/09/2003
satisfied
Saleslease
Saleslease Limited
Standard security1 property23/11/199222/08/1997
satisfied
Bass Brewers
Bass Brewers Limited
Standard security1 property11/08/199222/04/1998
satisfied
Bass Brewers
Bass Brewers Limited
Bond & floating charge1 property31/07/199222/04/1998
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property30/06/199216/09/2003
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property20/01/199229/01/1993
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property12/12/199116/09/2003

Recent filings (223 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-07
change-person-director-company-with-change-date
officers · CH01
2025-06-20
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-13
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-06-04
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-06-03
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-05-16
change-person-secretary-company-with-change-date
officers · CH03
2025-05-15
change-person-director-company-with-change-date
officers · CH01
2025-05-15
change-person-director-company-with-change-date
officers · CH01
2025-05-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-10
move-registers-to-registered-office-company-with-new-address
address · AD04
2024-12-30
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-04
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-21
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-21