THORNIEHILL LIMITED

🌳Matureactive
SC339562 · ltd · incorporated 2008-03-13
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 7.0y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
£320.4k
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Management of real estate on a fee or contract basis
Sector: Real estate
Investor take
Pursue
Asset-holding vehicle with a 65-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (83/100, director aged 65). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 7.0y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 7.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
44 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
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 · FRS 105 (micro)
Positive net assets
Net assets £320,396

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£320k
↑ 49% YoY
Current Assets
£141k
Current Liabilities
£0£64k£128k£192k£256k£320kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£320.4k£215.0k
Current assets£141.2k
Net assets£320.4k£215.0k

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
1
filing
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-11-18
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2024-11-18
    🔓
    Charge satisfied #1
  4. 2024-10-25
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  5. 2024-10-25
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2024-10-25
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2024-10-23
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  8. 2024-10-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-11-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2022-12-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2021-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-11-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2019-12-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2019-05-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2019-04-26
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  16. 2018-12-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2017-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2008-03-13
    🏢
    Company incorporated
    As THORNIEHILL LIMITED
  19. 2008-03-13
    FINLAY, Ann Martha appointed
    secretary
  20. 2008-03-13
    FINLAY, Ann Martha appointed
    director
  21. 2008-03-13
    FINLAY, John Robert appointed
    director

Owner dependency

91/100
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 18 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

79/100
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.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 18 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 ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2024-10-23: certificate-change-of-name-company

Group structure

Thorniehill Holding Company Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Thorniehill Holding Company Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
THORNIEHILL LIMITED
This company · SC339562

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Thorniehill Holding Company Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control25/10/2024
2 historic (ceased) PSCs
  • Mrs Ann Martha Finlayceased 25/10/2024· 25-50% shares · 25-50% voting
  • Mr John Robert Finlayceased 25/10/2024· 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
Incorporated2008-03-13
Jurisdictionscotland
Primary SIC68320 — Management of real estate on a fee or contract basis

Registered office

Blackcraig
Corsock
Castle Douglas
DG7 3DZ

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-25
Last: 2026-03-11

Officers (3 active · 0 resigned)

FINLAY, Ann Martha
secretary · appointed 2008-03-13
View their other companies + combined net worth →
Active
FINLAY, Ann Martha
director · ~64y · appointed 2008-03-13
View their other companies + combined net worth →
Active
FINLAY, John Robert
director · ~65y · appointed 2008-03-13
View their other companies + combined net worth →
Active

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
A registered charge26/04/201918/11/2024

Recent filings (44 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-19
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-18
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-11
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-10-25
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-25
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-25
certificate-change-of-name-company
change-of-name · CERTNM
2024-10-23
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-15
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-28
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-14
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-21