AILSA TH LIMITED

🌳Matureactive
SC249241 · ltd · incorporated 2003-05-12
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 Jun 2024
Net worth
£-193.4k
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Other professional, scientific and technical activities n.e.c.
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (strong), bankability 80/100. Strong seller-intent signal (93/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -41% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · oldest 22.1y

45/100
under pressure

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

  • · Oldest live charge is 22.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
72 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
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 · accounting standard not declared
Negative net assets
Liabilities exceed assets by £193,405
Cash draining
Cash down 41% YoY
Cash YoY
-41%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£102
↓ 41% YoY
Net Worth
-£193k
↓ 62% YoY
Current Assets
£35k
↓ 62% YoY
Current Liabilities
—
-£193k-£136k-£79k-£22k£35k£92kJun 2023Jun 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-06-302023-06-30
Total assets£-136.5k£-56.0k
Current assets£35.0k£92.4k
Cash£102£173
Debtors£34.9k£81.7k
Net assets£-193.4k£-119.6k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2025-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-03-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2024-02-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-03-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-10-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2022-10-24
    ➖
    FISHER, Catherine Audrey resigned
    director
  7. 2022-03-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-01-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2022-01-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2022-01-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2022-01-27
    🔓
    Charge satisfied #4
  12. 2022-01-27
    🔓
    Charge satisfied #3
  13. 2022-01-27
    🔓
    Charge satisfied #2
  14. 2021-01-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-07-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2020-07-27
    ➕
    FISHER, Catherine Audrey appointed
    director
  17. 2020-02-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-12-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2018-05-15
    📄
    capital-allotment-shares
    capital · SH01
  20. 2018-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2017-03-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  22. 2017-01-23
    ➕
    KEYS, Alexander Galbraith appointed
    director
  23. 2015-06-30
    ➖
    HILL, John resigned
    director
  24. 2014-10-06
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  25. 2007-05-17
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  26. 2004-05-12
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  27. 2004-03-24
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  28. 2003-06-16
    ➕
    DENNETT, Stuart appointed
    secretary
  29. 2003-06-16
    ➕
    DENNETT, Stuart appointed
    director
  30. 2003-06-16
    ➖
    MACROBERTS - (FIRM) resigned
    corporate-nominee-secretary
  31. 2003-06-16
    ➕
    HILL, John appointed
    director
  32. 2003-06-16
    ➖
    MACROBERTS CORPORATE SERVICES LIMITED resigned
    corporate-nominee-director
  33. 2003-05-12
    🏢
    Company incorporated
    As AILSA TH LIMITED
  34. 2003-05-12
    ➕
    MACROBERTS - (FIRM) appointed
    corporate-nominee-secretary
  35. 2003-05-12
    ➕
    MACROBERTS CORPORATE SERVICES LIMITED appointed
    corporate-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 23 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — 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 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 23 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 ·
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.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Gail Christine Dennett
Individual · British · DOB 11/1960 · age 66
25–50%
—25-50% shares20/06/2018
Mr Stuart Dennett
Individual · British · DOB 08/1961 · age 65
——sig. influencesignificant influence01/10/2016

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
Incorporated2003-05-12
Jurisdictionscotland
Primary SIC74909 — Other professional, scientific and technical activities n.e.c.

Registered office

102 Bath Street
Glasgow
G2 2EN

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-10-27
Last: 2025-10-13

Officers (3 active · 4 resigned)

DENNETT, Stuart→
secretary · appointed 2003-06-16
View their other companies + combined net worth →
Active
DENNETT, Stuart→
director · ~65y · appointed 2003-06-16
View their other companies + combined net worth →
Active
KEYS, Alexander Galbraith→
director · ~65y · appointed 2017-01-23
View their other companies + combined net worth →
Active
MACROBERTS - (FIRM)→
corporate-nominee-secretary · appointed 2003-05-12 · resigned 2003-06-16
Resigned
FISHER, Catherine Audrey→
director · ~57y · appointed 2020-07-27 · resigned 2022-10-24
Resigned
HILL, John→
director · ~64y · appointed 2003-06-16 · resigned 2015-06-30
Resigned
MACROBERTS CORPORATE SERVICES LIMITED→
corporate-nominee-director · appointed 2003-05-12 · resigned 2003-06-16
Resigned

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

Mortgages & charges

4
Total charges
1
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property06/10/201427/01/2022
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property17/05/200727/01/2022
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property12/05/200427/01/2022
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property24/03/2004—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (72 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-03-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-25
termination-director-company-with-name-termination-date
officers · TM01
2022-10-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-24
mortgage-satisfy-charge-full
mortgage · MR04
2022-01-27
mortgage-satisfy-charge-full
mortgage · MR04
2022-01-27
mortgage-satisfy-charge-full
mortgage · MR04
2022-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-22