THREAPLANDS LIMITED

🌳Matureactive
SC247592 · ltd · incorporated 2003-04-10
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 Dec 2025
Net worth
£834.1k
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Other retail sale in non-specialised stores
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 47760SIC 47760
  • 56101Licenced restaurants
Investor take
Pursue
Active trading company with a 66-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -75% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 8.1y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 8.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (77/100)

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

Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
82 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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
70
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 · accounting standard not declared
Positive net assets
Net assets £834,142
Cash draining
Cash down 75% YoY
Cash YoY
-75%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2k
↓ 75% YoY
Net Worth
£834k
↑ 191% YoY
Current Assets
—
Current Liabilities
—
£0£167k£334k£500k£667k£834kDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-12-312024-12-31
Cash£2.1k£8.2k
Net assets£834.1k£286.5k

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

🔒Filing-note intelligence

3 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
1
filing
  • • 1 confirmation-statement
Last 90 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2026-02-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-03-10
    📄
    resolution
    resolution · RESOLUTIONS
  4. 2025-03-08
    📄
    capital-allotment-shares
    capital · SH01
  5. 2024-05-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-09-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-08-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2023-08-23
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  9. 2023-08-22
    🔒
    Charge registered #3
    Lender: Scott Cumming Higgins and Mrs Linda Elizabeth Higgins
  10. 2023-08-19
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2023-08-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2023-08-19
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  13. 2023-08-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2023-08-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2023-08-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2023-08-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2023-08-19
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  18. 2023-08-17
    ➕
    LAING, Neil Alistair appointed
    secretary
  19. 2023-08-17
    ➕
    LAING, Neil Alistair appointed
    director
  20. 2023-08-17
    ➖
    HIGGINS, Scott Cumming resigned
    secretary
  21. 2023-08-17
    ➖
    HIGGINS, Grant Moray resigned
    director
  22. 2023-08-17
    ➖
    HIGGINS, Scott Cumming resigned
    director
  23. 2023-04-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  24. 2023-04-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  25. 2023-03-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  26. 2023-03-31
    📄
    change-person-director-company-with-change-date
    officers · CH01
  27. 2022-06-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  28. 2019-08-05
    ➖
    HIGGINS, Neil Mckechnie resigned
    director
  29. 2018-04-10
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  30. 2018-04-02
    ➕
    LAING, Ben Steven appointed
    director
  31. 2018-04-02
    ➕
    HIGGINS, Neil Mckechnie appointed
    director
  32. 2018-03-26
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  33. 2003-04-10
    🏢
    Company incorporated
    As THREAPLANDS LIMITED
  34. 2003-04-10
    ➕
    HIGGINS, Scott Cumming appointed
    secretary
  35. 2003-04-10
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  36. 2003-04-10
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  37. 2003-04-10
    ➕
    HIGGINS, Grant Moray appointed
    director
  38. 2003-04-10
    ➕
    HIGGINS, Scott Cumming appointed
    director

Owner dependency

81/100
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.
  • +Founder age: Director aged approximately 66 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

56/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Neil Alistair Laing
Individual · British · DOB 06/1960 · age 66
75–100%
—75-100% shares18/08/2023
2 historic (ceased) PSCs
  • Mr Grant Moray Higginsceased 18/08/2023· 25-50% shares · 25-50% voting
  • Mr Scott Cumming Higginsceased 18/08/2023· 25-50% shares · 25-50% voting

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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

Statusactive
Typeltd
Incorporated2003-04-10
Jurisdictionscotland
Primary SIC47190 — Other retail sale in non-specialised stores

Registered office

Threaplands Garden Centre Threapland
Lhanbryde
Elgin
Moray
IV30 8LN
Scotland

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-04-24
Last: 2026-04-10

Officers (3 active · 5 resigned)

LAING, Neil Alistair→
secretary · appointed 2023-08-17
View their other companies + combined net worth →
Active
LAING, Ben Steven→
director · ~40y · appointed 2018-04-02
View their other companies + combined net worth →
Active
LAING, Neil Alistair→
director · ~66y · appointed 2023-08-17
View their other companies + combined net worth →
Active
HIGGINS, Scott Cumming→
secretary · appointed 2003-04-10 · resigned 2023-08-17
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2003-04-10 · resigned 2003-04-10
Resigned
HIGGINS, Grant Moray→
director · ~60y · appointed 2003-04-10 · resigned 2023-08-17
Resigned
HIGGINS, Neil Mckechnie→
director · ~88y · appointed 2018-04-02 · resigned 2019-08-05
Resigned
HIGGINS, Scott Cumming→
director · ~63y · appointed 2003-04-10 · resigned 2023-08-17
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Scott Cumming Higgins and Mrs Linda Elizabeth Higgins
A registered charge1 property22/08/2023—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property10/04/2018—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—26/03/2018—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (82 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-25
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-24
resolution
resolution · RESOLUTIONS
2025-03-10
capital-allotment-shares
capital · SH01
2025-03-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-01
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-08-28
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2023-08-23
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-08-19
appoint-person-director-company-with-name-date
officers · AP01
2023-08-19
appoint-person-secretary-company-with-name-date
officers · AP03
2023-08-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-08-19