TWO THIRSTY MEN LTD

💤Zombieactive
SC521908 · ltd · incorporated 2015-12-07
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Manufacture of beer
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

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. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (77/100)

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
Confirmed no charges registered
85
Directors & officers
5 officers (1 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
43 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees—100

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
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-12-14
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2024-12-03
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2024-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-04-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-10-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-10-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2020-10-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-07-18
    📄
    resolution
    resolution · RESOLUTIONS
  11. 2020-07-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-07-17
    📄
    administrative-restoration-company
    restoration · RT01
  13. 2020-02-11
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  14. 2019-11-26
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  15. 2018-12-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2018-12-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2018-12-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2018-11-12
    ➕
    WHYTE, Gordon appointed
    director
  19. 2018-11-12
    ➖
    BLYTH, Frazer Scott resigned
    secretary
  20. 2018-11-12
    ➖
    BLYTH, Frazer Scott resigned
    director
  21. 2018-11-12
    ➖
    BLYTH, Karen resigned
    director
  22. 2018-06-25
    ➕
    BLYTH, Karen appointed
    director
  23. 2017-12-01
    ➖
    STOBIE, Colin Morison resigned
    director
  24. 2015-12-07
    🏢
    Company incorporated
    As TWO THIRSTY MEN LTD
  25. 2015-12-07
    ➕
    BLYTH, Frazer Scott appointed
    secretary
  26. 2015-12-07
    ➕
    BLYTH, Frazer Scott appointed
    director
  27. 2015-12-07
    ➕
    STOBIE, Colin Morison appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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 Gordon Whyte
Individual · British · DOB 12/1981 · age 45
75–100%
—75-100% shares12/11/2018
1 historic (ceased) PSC
  • Mr Frazer Blythceased 12/11/2018· 75-100% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Food & drink · PH postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
THE OLD QUAY BAKEHOUSE LIMITED→
SC508213 · est 2015
£175.9k
£129.6k–£222.1k
——810y7980y
BLAIRGOWRIE FRUIT PACKERS LIMITED→
SC225871 · est 2001
———80024y8381y
THE CAIRNGORM BREWERY CO. LTD.→
SC199932 · est 1999
———180026y8374y
GRANDTULLY BRIDGE GALLERIES LIMITED→
SC277888 · est 2004
——£334.8k—21y8287y
LETTERFINLAY FOODS LTD.→
SC192224 · est 1998
——£113.8k—27y8277y
MACDONALD BROS. LTD.→
SC256349 · est 2003
———150022y8266y
THE BEAN SHOP LIMITED→
SC237840 · est 2002
———120023y8268y
TRADE SOLUTIONS (SCOTLAND) LIMITED→
SC208389 · est 2000
———170025y8277y
COCOA MOUNTAIN LTD.→
SC289563 · est 2005
———150020y8159y
HIGHLAND SPECIALITY SEAFOODS LIMITED→
SC324051 · est 2007
———019y8161y
ADELPHI DISTILLERY LIMITED→
SC141800 · est 1992
——£9.58M—33y8072y
ARDSHEALACH FINE FOODS LTD→
SC355867 · est 2009
———20017y8063y
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
Incorporated2015-12-07
Jurisdictionscotland
Primary SIC11050 — Manufacture of beer

Registered office

1 South Street
Grantown-On-Spey
PH26 3HZ
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-27
Last: 2025-12-13

Officers (1 active · 4 resigned)

WHYTE, Gordon→
director · ~45y · appointed 2018-11-12
View their other companies + combined net worth →
Active
BLYTH, Frazer Scott→
secretary · appointed 2015-12-07 · resigned 2018-11-12
Resigned
BLYTH, Frazer Scott→
director · ~58y · appointed 2015-12-07 · resigned 2018-11-12
Resigned
BLYTH, Karen→
director · ~58y · appointed 2018-06-25 · resigned 2018-11-12
Resigned
STOBIE, Colin Morison→
director · ~53y · appointed 2015-12-07 · resigned 2017-12-01
Resigned

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

Recent filings (43 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-23
gazette-filings-brought-up-to-date
gazette · DISS40
2024-12-14
gazette-notice-compulsory
gazette · GAZ1
2024-12-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-22
confirmation-statement-with-updates
confirmation-statement · CS01
2021-03-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-10-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-16