THORNIEWOOD PROPERTIES LIMITED

🌳Matureactive
SC157021 · ltd · incorporated 1995-03-29
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 30.5y old — refinance window within 12 months
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£1.11M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 70-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 30.5y

65/100
clean up first

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

  • · Oldest live charge is 30.5 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.

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
84 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
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £1,106,757
Cash YoY
-12%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£393k
↓ 12% YoY
Net Worth
£1.1m
↑ 16% YoY
Current Assets
£408k
↓ 25% YoY
Current Liabilities
—
£0£221k£443k£664k£885k£1.1mMar 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
Total assets£1.11M£952.4k
Current assets£407.8k£546.8k
Cash£392.7k£446.3k
Debtors£15.1k£100.5k
Net assets£1.11M£952.4k

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2025-08-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2025-04-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-04-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-03-24
    📄
    capital-name-of-class-of-shares
    capital · SH08
  6. 2025-03-20
    📄
    memorandum-articles
    incorporation · MA
  7. 2025-03-20
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2025-02-27
    ➕
    ALLEN JNR, Douglas James appointed
    director
  9. 2025-02-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2024-07-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-09-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-05-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-08-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-07-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-11-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-06-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2019-06-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2019-06-27
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  19. 2019-06-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 1998-06-03
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Ireland
  21. 1996-01-15
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Ireland
  22. 1995-03-29
    🏢
    Company incorporated
    As THORNIEWOOD PROPERTIES LIMITED
  23. 1995-03-29
    ➕
    ALLEN, Ann appointed
    secretary
  24. 1995-03-29
    ➕
    ALLEN, Douglas John appointed
    director
  25. 1995-03-29
    ➕
    REID, Brian appointed
    nominee-secretary
  26. 1995-03-29
    ➖
    REID, Brian resigned
    nominee-secretary
  27. 1995-03-29
    ➕
    MABBOTT, Stephen appointed
    nominee-director
  28. 1995-03-29
    ➖
    MABBOTT, Stephen resigned
    nominee-director

Owner dependency

83/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

86/100
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 70 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Douglas James Allen Jnr
Individual · British · DOB 03/1978 · age 48
——sig. influencesignificant influence17/03/2025
Mr Douglas Allen
Individual · British · DOB 04/1956 · age 70
——sig. influencesignificant influence06/04/2016
1 historic (ceased) PSC
  • Mrs Ann Allenceased 17/03/2025· 25-50% shares · 25-50% voting

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
Incorporated1995-03-29
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-04
Last: 2025-10-21

Officers (3 active · 2 resigned)

ALLEN, Ann→
secretary · appointed 1995-03-29
View their other companies + combined net worth →
Active
ALLEN, Douglas John→
director · ~70y · appointed 1995-03-29
View their other companies + combined net worth →
Active
ALLEN JNR, Douglas James→
director · ~48y · appointed 2025-02-27
View their other companies + combined net worth →
Active
REID, Brian→
nominee-secretary · appointed 1995-03-29 · resigned 1995-03-29
Resigned
MABBOTT, Stephen→
nominee-director · ~76y · appointed 1995-03-29 · resigned 1995-03-29
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
The Governor and Company of the Bank of Ireland
Standard security1 property03/06/1998—
outstanding
The Governor and Company of the Bank of Ireland
Standard security1 property15/01/1996—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (84 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-04-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-04-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-03
capital-name-of-class-of-shares
capital · SH08
2025-03-24
memorandum-articles
incorporation · MA
2025-03-20
resolution
resolution · RESOLUTIONS
2025-03-20
appoint-person-director-company-with-name-date
officers · AP01
2025-02-27
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-23
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-19
confirmation-statement-with-updates
confirmation-statement · CS01
2022-10-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-20