THISTLE INNS LIMITED
⚰️Wound downdissolved
SC140209 · ltd · incorporated 1992-09-11
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 32.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
53/100
Worth a look
What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed dormant / non-trading — structural issues outweigh the discount.
Opportunity 53/100 (worth a look), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: strategic trade sale (63/100).
🏦
Refinance opportunity
50 live charges · 2 lenders · oldest 32.2y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 32.2 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: low (53/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
50 charges (50/50 with lender, 50/50 with type)
90
Directors & officers
23 officers (4 active, 23 linked, 16 with DOB)
84
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
24 connected companies via shared directors
90
Filing history
227 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
53/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
65
Some acquirability indicators.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (169 events)Click to expand
- 2015-01-02📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2015-01-02🏁Company dissolved
- 2014-09-12📄gazette-notice-voluntarygazette · GAZ1(A)
- 2014-09-01📄dissolution-application-strike-off-companydissolution · DS01
- 2014-04-24📄capital-allotment-sharescapital · SH01
- 2014-04-24📄resolutionresolution · RESOLUTIONS
- 2014-04-24📄statement-of-companys-objectschange-of-constitution · CC04
- 2014-04-24📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2014-04-24📄legacycapital · SH20
- 2014-04-24⚠️legacyinsolvency · CAP-SS
- 2014-04-24📄resolutionresolution · RESOLUTIONS
- 2014-04-24📄resolutionresolution · RESOLUTIONS
- 2013-09-16📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-07-31📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2013-07-29📄accounts-with-made-up-dateaccounts · AA
- 2013-07-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2013-07-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2013-07-04🔓Charge satisfied #50
- 2013-07-04🔓Charge satisfied #1
- 2013-06-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2013-06-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2013-06-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2013-06-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2013-06-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2013-06-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2013-06-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2013-06-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2013-06-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2013-06-21🔓Charge satisfied #51
- 2013-06-21🔓Charge satisfied #52
- 2013-06-21🔓Charge satisfied #43
- 2013-06-21🔓Charge satisfied #42
- 2013-06-21🔓Charge satisfied #41
- 2013-06-21🔓Charge satisfied #40
- 2013-06-21🔓Charge satisfied #39
- 2013-06-21🔓Charge satisfied #38
- 2013-06-21🔓Charge satisfied #37
- 2013-06-21🔓Charge satisfied #36
- 2013-06-21🔓Charge satisfied #35
- 2013-06-21🔓Charge satisfied #34
- 2013-06-21🔓Charge satisfied #33
- 2013-06-21🔓Charge satisfied #32
- 2013-06-21🔓Charge satisfied #31
- 2013-06-21🔓Charge satisfied #30
- 2013-06-21🔓Charge satisfied #29
- 2013-06-21🔓Charge satisfied #3
- 2012-03-31➖LOW, John Charles resigneddirector
- 2012-03-23➕TAYLOR-WELSH, Kelly appointeddirector
- 2011-09-29➕PATERSON, Sean Michael appointeddirector
- 2011-09-29➖TEDFORD, Craig resigneddirector
Showing most recent 50 of 169 events
Owner dependency
60/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
53/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 34 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
2 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2015-01-02
1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2014-04-24: legacy
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒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
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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
Statusdissolved
Typeltd
Incorporated1992-09-11
Jurisdictionscotland
Primary SIC74990 — Non-trading company
Registered office
3-4 Broadway Park
South Gyle Broadway
Edinburgh
EH12 9JZ
Scotland
Filing status
Accounts
Next due: —
Last made up to: 2012-12-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 19 resigned)
OLIVER, Anne Louise→
Activesecretary · appointed 2009-01-16
View their other companies + combined net worth →
OLIVER, Anne Louise→
Activedirector · ~54y · appointed 2008-08-28
View their other companies + combined net worth →
PATERSON, Sean Michael→
Activedirector · ~44y · appointed 2011-09-29
View their other companies + combined net worth →
TAYLOR-WELSH, Kelly→
Activedirector · ~48y · appointed 2012-03-23
View their other companies + combined net worth →
AVES, Simon Howard→
Resignedsecretary · appointed 2008-07-28 · resigned 2009-01-30
HOMER, Neville Rex→
Resignedsecretary · appointed 1997-07-01 · resigned 2002-04-26
LOWE, William→
Resignedsecretary · appointed 1992-09-11 · resigned 1993-12-01
STEVENS, Mark→
Resignedsecretary · appointed 2002-04-22 · resigned 2008-07-31
JORDANS (SCOTLAND) LIMITED→
Resignedcorporate-nominee-secretary · appointed 1992-09-11 · resigned 1992-09-11
MESSRS MCKAY & NORWELL WS→
Resignedcorporate-secretary · appointed 1992-09-11 · resigned 1997-07-01
AVES, Simon Howard→
Resigneddirector · ~69y · appointed 2008-07-28 · resigned 2009-01-30
BUBB, Stewart Edmund Conyers→
Resigneddirector · ~88y · appointed 1997-07-01 · resigned 1998-06-29
CRICHTON, Roger Wells→
Resigneddirector · ~80y · appointed 1997-07-01 · resigned 2003-11-03
HANNAH, Ian George→
Resigneddirector · ~83y · appointed 1997-07-01 · resigned 2000-12-29
HOMER, Neville Rex→
Resigneddirector · ~84y · appointed 2000-02-01 · resigned 2002-04-26
IZATT, George Gordon Maclean→
Resigneddirector · ~77y · appointed 2003-11-03 · resigned 2008-08-28
LESLIE, John Stewart→
Resigneddirector · ~67y · appointed 1998-07-06 · resigned 2003-11-03
LOW, John Charles→
Resigneddirector · ~52y · appointed 2011-08-29 · resigned 2012-03-31
LOWE, William→
Resigneddirector · ~67y · appointed 1992-09-11 · resigned 1997-07-01
PAYNE, William John→
Resigneddirector · ~51y · appointed 2009-01-26 · resigned 2011-08-29
Click a director name to see their full track record across all companies.
Mortgages & charges
50
Total charges
0
Outstanding
0
Active lenders
Status:Lender:50 of 50 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 29/05/1997 | 21/06/2013 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 28/05/1997 | 21/06/2013 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 09/04/1997 | 04/07/2013 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 19/03/1997 | 11/05/1998 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 19/03/1997 | 11/05/1998 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 27/06/1996 | 11/05/1998 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 27/06/1996 | 11/05/1998 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 12/01/1996 | 14/05/2001 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 14/12/1995 | 21/06/2013 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 14/12/1995 | 21/06/2013 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 14/12/1995 | 21/06/2013 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 14/12/1995 | 21/06/2013 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 14/12/1995 | 21/06/2013 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 14/12/1995 | 21/06/2013 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 14/12/1995 | 21/06/2013 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 14/12/1995 | 21/06/2013 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 2 properties | 14/12/1995 | 21/06/2013 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 14/12/1995 | 21/06/2013 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 14/12/1995 | 21/06/2013 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 14/12/1995 | 21/06/2013 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 14/12/1995 | 21/06/2013 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 14/12/1995 | 21/06/2013 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 14/12/1995 | 21/06/2013 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 12/12/1995 | 11/05/1998 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 12/12/1995 | 11/05/1998 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 12/12/1995 | 11/05/1998 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 12/12/1995 | 11/05/1998 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 12/12/1995 | 11/05/1998 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 12/12/1995 | 11/05/1998 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 12/12/1995 | 11/05/1998 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 12/12/1995 | 11/05/1998 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 12/12/1995 | 11/05/1998 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 12/12/1995 | 11/05/1998 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 12/12/1995 | 11/05/1998 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 12/12/1995 | 11/05/1998 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 12/12/1995 | 11/05/1998 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 12/12/1995 | 11/05/1998 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 12/12/1995 | 11/05/1998 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Bond & floating charge | 1 property | 08/12/1995 | 22/07/1999 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 12/10/1995 | 14/05/2001 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 15/08/1994 | 15/12/1995 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 21/06/1994 | 15/12/1995 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 14/06/1994 | 15/12/1995 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 14/06/1994 | 15/12/1995 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 14/06/1994 | 15/12/1995 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 14/06/1994 | 15/12/1995 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 14/06/1994 | 15/12/1995 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Standard security | 1 property | 14/06/1994 | 21/06/2013 | |
| satisfied | Carlsberg-Tetley Alloa Carlsberg-Tetley Alloa Limited | Bond & floating charge | 1 property | 09/06/1994 | 15/12/1995 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 15/02/1994 | 04/07/2013 |
Recent filings (227 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2015-01-02
gazette-notice-voluntary
gazette · GAZ1(A)
2014-09-12
dissolution-application-strike-off-company
dissolution · DS01
2014-09-01
capital-allotment-shares
capital · SH01
2014-04-24
resolution
resolution · RESOLUTIONS
2014-04-24
statement-of-companys-objects
change-of-constitution · CC04
2014-04-24
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2014-04-24
legacy
capital · SH20
2014-04-24
legacy
insolvency · CAP-SS
2014-04-24
resolution
resolution · RESOLUTIONS
2014-04-24
resolution
resolution · RESOLUTIONS
2014-04-24
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-09-16
change-registered-office-address-company-with-date-old-address
address · AD01
2013-07-31
accounts-with-made-up-date
accounts · AA
2013-07-29
mortgage-satisfy-charge-full
mortgage · MR04
2013-07-04