THISTLEROW LIMITED

🏛️Establishedactive
SC550255 · ltd · incorporated 2016-11-14
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2023
Net worth
£23.7k
book net assets
Opportunity
53/100
Worth a look
🔔
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What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
Special-situation opportunity
Distressed construction with salvageable qualities — special-situations priority.

Opportunity 53/100 (worth a look), bankability 45/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: strategic trade sale (38/100). Current lenders should be on monthly review.

Data confidence

Overall: high (83/100)

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
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
13 connected companies via shared directors
84
Filing history
29 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
53/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £23,738
Cash draining
Cash down 73% YoY
Cash YoY
-73%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£4k
↓ 73% YoY
Net Worth
£24k
↑ 922% YoY
Current Assets
£29k
↑ 112% YoY
Current Liabilities
-£3k£3k£10k£16k£22k£29kMar 2022Mar 2023

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2023-03-312022-03-31
Total assets£23.7k£-2.9k
Current assets£28.7k£13.5k
Cash£3.7k£13.5k
Debtors£25.0k
Net assets£23.7k£-2.9k

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

🔒Filing-note intelligence

2 signals 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
0
filings
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-08-21
    📄
    legacy
    restoration · AC93
  2. 2024-07-09
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  3. 2024-04-23
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2024-04-16
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2023-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-09-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-03-23
    📄
    accounts-with-accounts-type-small
    accounts · AA
  8. 2021-11-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  9. 2021-11-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2021-11-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2021-03-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  12. 2019-06-26
    📄
    accounts-with-accounts-type-small
    accounts · AA
  13. 2018-12-20
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2017-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-07-10
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  16. 2017-07-10
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  17. 2017-03-21
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  18. 2016-12-22
    📄
    capital-allotment-shares
    capital · SH01
  19. 2016-11-14
    🏢
    Company incorporated
    As THISTLEROW LIMITED
  20. 2016-11-14
    GEDDES, Andrew appointed
    director
  21. 2016-11-14
    KELLY, Paul Damian appointed
    director
  22. 2016-11-14
    SEXTON, Kieran James appointed
    director

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2024-12-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2024-10-31

Group structure

Briar Homes Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Briar Homes Limited
Corporate parent · holds 75-100% shares
ultimate parent
THISTLEROW LIMITED
This company · SC550255

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
Briar Homes Limited
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting14/11/2016
2 historic (ceased) PSCs
  • Housing Growth Partnership Gp Llp As General Partner Of Housing Growth Partnership Lpceased 20/09/2021· 25-50% shares · 25-50% voting
  • Briar Homes Limitedceased 16/12/2016· 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

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

Statusactive
Typeltd
Incorporated2016-11-14
Jurisdictionscotland
Primary SIC41202 — Construction of domestic buildings

Registered office

Radleigh House 1 Golf Road
Clarkston
Glasgow
G76 7HU
United Kingdom

Filing status

Accounts
Next due: 2024-12-31OVERDUE
Last made up to: 2023-03-31
Confirmation statement
Next due: 2024-10-31OVERDUE
Last: 2023-10-17

Officers (3 active · 0 resigned)

GEDDES, Andrew
director · ~57y · appointed 2016-11-14
View their other companies + combined net worth →
Active
KELLY, Paul Damian
director · ~55y · appointed 2016-11-14
View their other companies + combined net worth →
Active
SEXTON, Kieran James
director · ~48y · appointed 2016-11-14
View their other companies + combined net worth →
Active

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

Recent filings (29 total)

legacy
restoration · AC93
2025-08-21
gazette-dissolved-voluntary
gazette · GAZ2(A)
2024-07-09
gazette-notice-voluntary
gazette · GAZ1(A)
2024-04-23
dissolution-application-strike-off-company
dissolution · DS01
2024-04-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-15
accounts-with-accounts-type-small
accounts · AA
2022-03-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-11-25
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-11-24
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-11-24
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-24
accounts-with-accounts-type-small
accounts · AA
2021-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-27