TILESTYLE HOLDINGS LIMITED

💤Zombieactive
SC289659 · ltd · incorporated 2005-08-31
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2025
Net worth
—
book net assets
Opportunity
77/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 13.8y

45/100
under pressure

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

  • · Oldest live charge is 13.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
60 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Jul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-07-312024-07-31
Average employees200100

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
2
filings
  • • 1 officers
  • • 1 accounts
Last 180 days
2
filings
  • • 1 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-03-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-03-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2026-01-29
    ➖
    MILLER, Wayne Edminston resigned
    director
  4. 2025-10-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-04-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2025-02-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2025-02-18
    ➕
    MILLER, Wayne Edminston appointed
    director
  8. 2024-04-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2023-04-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2023-03-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2023-03-01
    🔓
    Charge satisfied #1
  12. 2022-04-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2021-04-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2020-07-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2019-07-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2019-04-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-04-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  18. 2017-05-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2013-03-14
    ➖
    GUY, Ian William resigned
    secretary
  20. 2012-07-30
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  21. 2011-02-13
    ➖
    MILLER, James resigned
    director
  22. 2011-01-19
    ➕
    MILLER, Lee appointed
    director
  23. 2005-08-31
    🏢
    Company incorporated
    As TILESTYLE HOLDINGS LIMITED
  24. 2005-08-31
    ➕
    GUY, Ian William appointed
    secretary
  25. 2005-08-31
    ➕
    MILLER, James appointed
    director

Owner dependency

85/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 15 years.
  • secondaryStable-but-static management: Company is 21 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

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
NameSharesVoting rightsNature of controlNotified
Mr Lee Miller
Individual · British · DOB 02/1976 · age 50
——sig. influencesignificant influence06/04/2016

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 →

Similar companies

Active · Holding company · KY postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
FCE GROUP LTD→
SC527814 · est 2016
£6.15M
£5.22M–£7.07M
—£6.15M—10y7968y
ALBERT THAIN LIMITED→
SC019774 · est 1937
£94.3k
£80.2k–£108.5k
—£94.3k—88y7991y
HOME-START LEVENMOUTH→
SC280872 · est 2005
£93.4k
£79.4k–£107.4k
—£93.4k—21y7979y
DELUXE PROPERTY SERVICES LIMITED→
SC342609 · est 2008
£1.2k
£999–£1.4k
—£1.2k—18y8079y
SENSALERT LIMITED→
SC342266 · est 2008
£100
£85–£115
—£100—18y8069y
INTELLICARE LIMITED→
SC166708 · est 1996
£2
£2–£2
—£2—29y8069y
UNIVERSAL UTILITIES (SCOTLAND) LIMITED→
SC248257 · est 2003
£2
£2–£2
—£2—23y8065y
PAYWIZARD LIMITED→
SC208144 · est 2000
£1
£1–£1
—£1—25y8065y
CARTMORE TRANSPORT LIMITED→
SC110226 · est 1988
———038y8278y
FOCUS SUBSEA LIMITED→
SC303004 · est 2006
————19y8158y
PURPLE VENTURE NOMINEES LIMITED→
SC210229 · est 2000
————25y8165y
PURPLE VENTURE SECRETARIES LIMITED→
SC210231 · est 2000
————25y8165y
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
Incorporated2005-08-31
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

Unit 9 Merchant Centre, Merchant Place
Mitchelston Industrial Estate
Kirkcaldy
KY1 3NJ
Scotland

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-09-10
Last: 2025-08-27

Officers (1 active · 3 resigned)

MILLER, Lee→
director · ~50y · appointed 2011-01-19
View their other companies + combined net worth →
Active
GUY, Ian William→
secretary · appointed 2005-08-31 · resigned 2013-03-14
Resigned
MILLER, James→
director · ~78y · appointed 2005-08-31 · resigned 2011-02-13
Resigned
MILLER, Wayne Edminston→
director · ~49y · appointed 2025-02-18 · resigned 2026-01-29
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property30/07/201201/03/2023

Recent filings (60 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-03-20
accounts-with-accounts-type-dormant
accounts · AA
2026-03-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-10-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-08
accounts-with-accounts-type-dormant
accounts · AA
2025-04-24
appoint-person-director-company-with-name-date
officers · AP01
2025-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-18
accounts-with-accounts-type-dormant
accounts · AA
2024-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-01
accounts-with-accounts-type-dormant
accounts · AA
2023-04-28
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-14
accounts-with-accounts-type-dormant
accounts · AA
2022-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-10
accounts-with-accounts-type-dormant
accounts · AA
2021-04-30