THISTLE PUB COMPANY LIMITED
⚰️Wound downdissolved
SC415721 · ltd · incorporated 2012-01-30
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
59/100
Worth a look
What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 59/100 (worth a look), bankability 52/100. Strong seller-intent signal (63/100, director aged 74). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
12 live charges · 4 lenders · oldest 13.0y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 13.0 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (58/100)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
No iXBRL financials extracted
0
Lenders & charges
12 charges (12/12 with lender, 12/12 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 5 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
57 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
59/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
20
Concerning — overdue filings or status flags present.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
64
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
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 (51 events)Click to expand
- 2018-01-23📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2018-01-23🏁Company dissolved
- 2017-11-07📄gazette-notice-voluntarygazette · GAZ1(A)
- 2017-10-30📄dissolution-application-strike-off-companydissolution · DS01
- 2017-03-03📄accounts-with-accounts-type-fullaccounts · AA
- 2016-06-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2016-06-29🔓Charge satisfied #3
- 2016-03-25📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-03-14📄capital-cancellation-sharescapital · SH06
- 2016-03-14📄capital-return-purchase-own-sharescapital · SH03
- 2016-03-08📄capital-name-of-class-of-sharescapital · SH08
- 2016-03-08📄resolutionresolution · RESOLUTIONS
- 2016-02-29📄capital-name-of-class-of-sharescapital · SH08
- 2016-02-29📄capital-name-of-class-of-sharescapital · SH08
- 2016-02-29📄capital-name-of-class-of-sharescapital · SH08
- 2015-11-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-11-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-08-11📄accounts-with-accounts-type-fullaccounts · AA
- 2015-08-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2015-08-03➖GILHESPIE, Kenneth Charles resigneddirector
- 2015-08-03➖MALLON, Stephen Gerard resigneddirector
- 2015-07-15➕GILLIGAN, John appointeddirector
- 2015-07-15➕WILLIAMSON, Charles appointeddirector
- 2015-07-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2015-07-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2015-02-24📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-01-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2014-05-17📄mortgage-create-with-deed-with-charge-numbermortgage · MR01
- 2014-05-14🔒Charge registered #12Lender: Tennent Caledonian Breweries UK Limited
- 2014-03-26📄mortgage-create-with-deed-with-charge-numbermortgage · MR01
- 2014-03-26📄mortgage-alter-floating-chargemortgage · 466(Scot)
- 2014-03-20🔒Charge registered #10Lender: Tennent Caledonian Breweries UK Limited
- 2014-03-17🔒Charge registered #11Lender: Bank of Scotland PLC
- 2013-10-29🔒Charge registered #8Lender: Tennent Caledonian Breweries (UK) Limited
- 2013-10-28🔒Charge registered #9Lender: Bank of Scotland PLC
- 2013-09-11🔒Charge registered #7Lender: Bank of Scotland PLC
- 2013-09-11🔒Charge registered #6Lender: Bank of Scotland PLC
- 2013-09-11🔒Charge registered #5Lender: Bank of Scotland PLC
- 2013-09-06🔒Charge registered #4Lender: Tennent Caledonian Breweries Limited
- 2013-09-02🔒Charge registered #3Lender: Bank of Scotland PLC
- 2013-05-31🔒Charge registered #2Lender: Tennent Caledonian Breweries UK Limited
- 2013-05-29🔒Charge registered #1Lender: Tennent Caledonian Breweries UK Limited
- 2012-06-22➖BRODIES SECRETARIAL SERVICES LIMITED resignedcorporate-secretary
- 2012-06-22➕GILHESPIE, Kenneth Charles appointeddirector
- 2012-06-22➕MALLON, Stephen Gerard appointeddirector
- 2012-06-22➖VOGE, Julian Cecil Arthur resigneddirector
- 2012-06-22➖ATHOLL INCORPORATIONS LIMITED resignedcorporate-director
- 2012-01-30🏢Company incorporatedAs THISTLE PUB COMPANY LIMITED
- 2012-01-30➕BRODIES SECRETARIAL SERVICES LIMITED appointedcorporate-secretary
- 2012-01-30➕VOGE, Julian Cecil Arthur appointeddirector
Showing most recent 50 of 51 events
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 74 — succession pressure is live.
Succession & seller-readiness
71/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 high · 1 lowCompany dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2018-01-23
11 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Tennent Caledonian Breweries Uk Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Tennent Caledonian Breweries Uk Ltd
Corporate parent · holds 75-100% shares
⬇
THISTLE PUB COMPANY LIMITED
This company · SC415721
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Tennent Caledonian Breweries Uk Ltd Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
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 · Hospitality · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| THE BONHAM HOTEL EDINBURGH LIMITED→ SC118669 · est 1989 | £13.13M £9.85M–£16.41M | — | — | 65 | 36y | 83 | 69y |
| OMNI TAVERNS LTD.→ SC307655 · est 2006 | £2.89M £2.17M–£3.61M | — | — | 85 | 19y | 87 | 60y |
| ADJUSTLIGHT LIMITED→ SC139599 · est 1992 · no financials extracted | — | — | — | — | 33y | 83 | 58y |
| ARCHERFIELD HOUSE HOTEL MANAGEMENT LIMITED→ SC272735 · est 2004 · no financials extracted | — | — | — | — | 21y | 83 | 79y |
| COURT HOTEL SUITES LIMITED→ SC373209 · est 2010 | — | — | £553.1k | — | 16y | 83 | 64y |
| DESTINATION EDINBURGH LIMITED→ SC357298 · est 2009 | — | — | £254.5k | — | 17y | 83 | 58y |
| ELITE HOTELS LIMITED→ SC103199 · est 1987 | — | — | — | 0 | 39y | 83 | 76y |
| J J BEAM LIMITED→ SC132477 · est 1991 | — | — | — | 18 | 34y | 83 | 74y |
| MORAG'S LODGES LIMITED→ SC192271 · est 1998 · no financials extracted | — | — | — | — | 27y | 83 | 61y |
| SALTIRE HOSPITALITY LIMITED→ SC208776 · est 2000 | — | — | — | 83 | 25y | 83 | 63y |
| SCOTS GUARDS ASSOCIATION CLUB, LIMITED→ SC013223 · est 1924 | — | — | — | 6 | 101y | 83 | 80y |
| STAY CITY APARTMENTS LTD.→ SC338588 · est 2008 · no financials extracted | — | — | — | — | 18y | 83 | 59y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Statusdissolved
Typeltd
Incorporated2012-01-30
Jurisdictionscotland
Primary SIC56302 — Public houses and bars
Registered office
Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX
Scotland
Filing status
Accounts
Next due: —
Last made up to: 2016-01-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 5 resigned)
GILLIGAN, John→
Activedirector · ~74y · appointed 2015-07-15
View their other companies + combined net worth →
WILLIAMSON, Charles→
Activedirector · ~70y · appointed 2015-07-15
View their other companies + combined net worth →
BRODIES SECRETARIAL SERVICES LIMITED→
Resignedcorporate-secretary · appointed 2012-01-30 · resigned 2012-06-22
GILHESPIE, Kenneth Charles→
Resigneddirector · ~83y · appointed 2012-06-22 · resigned 2015-08-03
MALLON, Stephen Gerard→
Resigneddirector · ~64y · appointed 2012-06-22 · resigned 2015-08-03
VOGE, Julian Cecil Arthur→
Resigneddirector · ~68y · appointed 2012-01-30 · resigned 2012-06-22
ATHOLL INCORPORATIONS LIMITED→
Resignedcorporate-director · appointed 2012-01-30 · resigned 2012-06-22
Click a director name to see their full track record across all companies.
Mortgages & charges
12
Total charges
11
Outstanding
4
Active lenders
Status:Lender:12 of 12 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Tennent Caledonian Breweries UK Tennent Caledonian Breweries UK Limited | A registered charge | 1 property | 14/05/2014 | — | |
| outstanding | Tennent Caledonian Breweries UK Tennent Caledonian Breweries UK Limited | A registered charge | 1 property | 20/03/2014 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 3 properties | 17/03/2014 | — | |
| outstanding | Tennent Caledonian Breweries (UK) Tennent Caledonian Breweries (UK) Limited | A registered charge | 1 property | 29/10/2013 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 2 properties | 28/10/2013 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 11/09/2013 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 11/09/2013 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 11/09/2013 | — | |
| outstanding | Tennent Caledonian Breweries Tennent Caledonian Breweries Limited | A registered charge | 1 property | 06/09/2013 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 02/09/2013 | 29/06/2016 | |
| outstanding | Tennent Caledonian Breweries UK Tennent Caledonian Breweries UK Limited | A registered charge | 2 properties | 31/05/2013 | — | |
| outstanding | Tennent Caledonian Breweries UK Tennent Caledonian Breweries UK Limited | A registered charge | 1 property | 29/05/2013 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (57 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2018-01-23
gazette-notice-voluntary
gazette · GAZ1(A)
2017-11-07
dissolution-application-strike-off-company
dissolution · DS01
2017-10-30
confirmation-statement-with-updates
confirmation-statement · CS01
2017-03-14
accounts-with-accounts-type-full
accounts · AA
2017-03-03
mortgage-satisfy-charge-full
mortgage · MR04
2016-06-29
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-03-25
capital-cancellation-shares
capital · SH06
2016-03-14
capital-return-purchase-own-shares
capital · SH03
2016-03-14
capital-name-of-class-of-shares
capital · SH08
2016-03-08
resolution
resolution · RESOLUTIONS
2016-03-08
capital-name-of-class-of-shares
capital · SH08
2016-02-29
capital-name-of-class-of-shares
capital · SH08
2016-02-29
capital-name-of-class-of-shares
capital · SH08
2016-02-29
termination-director-company-with-name-termination-date
officers · TM01
2015-11-23