THERMOWORX LTD

🌳Matureactive
SC521256 · ltd · incorporated 2015-11-26
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-15.7k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: high (80/100)

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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £15,688

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£16k
↓ 93% YoY
Current Assets
£28k
↓ 31% YoY
Current Liabilities
—
-£16k-£4k£7k£18k£29k£40kMar 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£18.0k£33.9k
Current assets£27.8k£40.3k
Net assets£-15.7k£-8.1k

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 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-03-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-05-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-03-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-06-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-03-20
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  6. 2023-12-22
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  7. 2023-03-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-07-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2022-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-08-13
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  13. 2018-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-08-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-11-26
    🏢
    Company incorporated
    As THERMOWORX LTD
  16. 2015-11-26
    ➕
    BLAIR, Jamie appointed
    director
  17. 2015-11-26
    ➕
    SKENE, Kirsty Margaret appointed
    director
  18. 2015-11-26
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
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.
  • +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

41/100
Moderate signal

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

SIGNALS
  • 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

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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Jamie Blair
Individual · Scottish · DOB 10/1993 · age 33
75–100%
—75-100% shares06/04/2016

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

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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
DURACARE LIMITED→
SC550705 · est 2016
£8.14M
£6.11M–£10.18M
——59009y8476y
NOBEL NC EUROPE LIMITED→
SC355464 · est 2009
£5.56M
£4.17M–£6.95M
——917y8581y
NOBEL TRADING LIMITED→
SC245627 · est 2003
£4.40M
£3.30M–£5.50M
——023y8581y
COASTLINE ADHESIVE TAPES LIMITED→
SC163345 · est 1996
——£1.01M—30y8365y
GCBW CATRINE LTD→
SC022403 · est 1943 · no financials extracted
————82y8374y
INTER DEPENDENT PURCHASING LIMITED→
SC290783 · est 2005
——£165.9k—20y8363y
RIVERBANK ELECTRICAL WHOLESALERS LIMITED→
SC071107 · est 1980 · no financials extracted
————46y——
RST SALTCOATS LTD→
SC807879 · est 2024 · no financials extracted
————1y——
SALT AND GRIT SOLUTIONS LTD→
SC385185 · est 2010 · no financials extracted
————15y——
SBOX MUSIC LIMITED→
SC876979 · est 2026 · no financials extracted
———————
SMS OIL & GAS LIMITED→
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————22y——
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———————
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2015-11-26
Jurisdictionscotland
Primary SIC46900 — Non-specialised wholesale trade

Registered office

11 Portland Road
Kilmarnock
KA1 2BT
Scotland

Filing status

Accounts
Next due: 2026-12-29
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-09
Last: 2025-11-25

Officers (2 active · 0 resigned)

BLAIR, Jamie→
director · ~33y · appointed 2015-11-26
View their other companies + combined net worth →
Active
SKENE, Kirsty Margaret→
director · ~31y · appointed 2015-11-26
View their other companies + combined net worth →
Active

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

Recent filings (25 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-07
change-person-director-company-with-change-date
officers · CH01
2025-05-21
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-18
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-19
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-03-20
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-15
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-07-18
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-31
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-31