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THREE THISTLES PLC

⚰️Wound downliquidation
SC306747 · plc · incorporated 2006-08-14
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Why now
Window opening · high confidence
More negotiable than before — 4 signals weakening over the last 30 days.
  • · Opportunity score: 40 → 32
  • · Hygiene score: 30 → 20
  • · Bankability: 30 → 20
  • · Refinance opportunity: clean_up_first → no_debt
Opportunity decay
softening · 6-months
Softening — cumulative signals suggest this becomes more negotiable over the next 3–6 months.
  • · 8 recent signals weakening vs 2 strengthening
What changed my view
Last 30 days

Picture worsened over the last 30 days — 4 negative signals vs 1 positive.

  • Opportunity score: 4032
  • Hygiene score: 3020
  • Bankability: 3020
  • Live charges: 80
  • PSC count: 10
  • +1 more
Last 90 days

Picture worsened over the last 90 days — 4 negative signals vs 1 positive.

  • Opportunity score: 4032
  • Hygiene score: 3020
  • Bankability: 3020
  • Live charges: 80
  • PSC count: 10
  • +1 more
Last 180 days

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

🔒Estimated value
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Turnover
year to Sept 2024
Net worth
£3.16M
book net assets
Opportunity
32/100
Pass
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Special-situation opportunity
Distressed hospitality with salvageable qualities — special-situations priority.

Opportunity 32/100 (pass), bankability 20/100. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on immediate intervention.

Data confidence

Overall: low (47/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

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
No charge records returned
50
Directors & officers
No officers data
0
Ownership & PSC
No PSC data returned
40
Director network
Network not yet resolved
30
Filing history
No filing history
0
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
32/100Pass
PassWatchWorth a lookStrongExceptional 

Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
31
Multiple red flags — proceed with caution.
Signal strength
70
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £3,157,951
Net assets shrinking
Down £1,000,673 YoY
Cash YoY
+258%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3.2m
↑ 258% YoY
Net Worth
£3.2m
↓ 24% YoY
Current Assets
£3.2m
↑ 152% YoY
Current Liabilities
£0£832k£1.7m£2.5m£3.3m£4.2mSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-282023-09-30
Total assets£3.16M£5.51M
Current assets£3.24M£1.29M
Cash£3.24M£905.0k
Debtors£6.5k£304.0k
Net assets£3.16M£4.16M

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 →
Corporate timeline (1 events)Click to expand
  1. 2006-08-14
    🏢
    Company incorporated
    As THREE THISTLES PLC

Owner dependency

55/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +No director turnover: Company is 20 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

3 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-03-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2025-09-04

Company in liquidation
high

Company is actively being wound up. Not a going concern.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

11 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.

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🔒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.

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Company details

Statusliquidation
Typeplc
Incorporated2006-08-14
Jurisdictionscotland
Primary SIC56302 — Public houses and bars

Registered office

14-18 Hill Street
Edinburgh
EH2 3JZ

Filing status

Accounts
Next due: 2026-03-31OVERDUE
Last made up to: 2024-09-28
Confirmation statement
Next due: 2025-09-04OVERDUE
Last: 2024-08-21