THORNTON LAND LTD

⚰️Wound downdissolved
SC461043 · ltd · incorporated 2013-10-08
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
year to Mar 2024
Net worth
book net assets
Opportunity
61/100
Worth a look
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (82/100)

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

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
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
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£0Mar 2023Mar 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-03-312023-03-31

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

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 (25 events)Click to expand
  1. 2024-09-03
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2024-09-03
    🏁
    Company dissolved
  3. 2024-06-18
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2024-06-12
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2024-05-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2024-03-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2024-02-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2024-02-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2024-02-28
    MCFARLANE, Robert resigned
    director
  10. 2024-02-26
    MCFARLANE, Michelle appointed
    director
  11. 2024-02-18
    LEWSLEY, John Charles appointed
    director
  12. 2023-12-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2022-12-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2021-11-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2021-03-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2020-04-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  17. 2019-10-29
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  18. 2019-10-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2019-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2018-07-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2017-08-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  22. 2017-08-18
    TAYLOR, Eric Raymond resigned
    director
  23. 2013-10-08
    🏢
    Company incorporated
    As THORNTON LAND LTD
  24. 2013-10-08
    MCFARLANE, Robert appointed
    director
  25. 2013-10-08
    TAYLOR, Eric Raymond appointed
    director

Owner dependency

66/100
High — earn-out structure required

Material 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.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2024-09-03

Group structure

Npl Estates Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Npl Estates Ltd
Corporate parent · holds 75-100% shares
ultimate parent
THORNTON LAND LTD
This company · SC461043

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

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Npl Estates Ltd
Corporate entity
75100%
75-100% shares31/03/2020
Mr Robert Mcfarlane
Individual · British · DOB 08/1946 · age 80
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 →
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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

Statusdissolved
Typeltd
Incorporated2013-10-08
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

183 St. Vincent Street
First Floor
Glasgow
G2 5QD
Scotland

Filing status

Accounts
Next due:
Last made up to: 2024-03-31
Confirmation statement
Next due:
Last: 2024-04-26

Officers (0 active · 2 resigned)

LEWSLEY, John Charles
director · ~50y · appointed 2024-02-18
View their other companies + combined net worth →
Active
MCFARLANE, Michelle
director · ~58y · appointed 2024-02-26
View their other companies + combined net worth →
Active
MCFARLANE, Robert
director · ~80y · appointed 2013-10-08 · resigned 2024-02-28
Resigned
TAYLOR, Eric Raymond
director · ~75y · appointed 2013-10-08 · resigned 2017-08-18
Resigned

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

Recent filings (32 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2024-09-03
gazette-notice-voluntary
gazette · GAZ1(A)
2024-06-18
dissolution-application-strike-off-company
dissolution · DS01
2024-06-12
accounts-with-accounts-type-dormant
accounts · AA
2024-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-15
appoint-person-director-company-with-name-date
officers · AP01
2024-03-07
termination-director-company-with-name-termination-date
officers · TM01
2024-02-29
appoint-person-director-company-with-name-date
officers · AP01
2024-02-29
accounts-with-accounts-type-dormant
accounts · AA
2023-12-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-10
accounts-with-accounts-type-dormant
accounts · AA
2022-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-29
accounts-with-accounts-type-dormant
accounts · AA
2021-11-24
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-17