THISTLE TIMING LIMITED

🏛️Establishedactive
SC616647 · ltd · incorporated 2018-12-20
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
£6.5k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Other sports activities
Sector: Arts, entertainment & recreation
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 77/100 (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: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (78/100)

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
4 officers (3 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £6,475
High leverage
Liabilities are 100% of total assets
Leverage
100%
Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£6k
↑ 30% YoY
Current Assets
£2k
↑ 31% YoY
Current Liabilities
—
£0£1k£3k£4k£5k£6kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£11.7k£14.8k
Current assets£1.7k£1.3k
Net assets£6.5k£5.0k

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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-11-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-12-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2023-11-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-01-31
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  6. 2022-11-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-07-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-11-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-01-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2020-01-08
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  11. 2020-01-08
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  12. 2020-01-07
    ➕
    MILLAR-TROTTER, Yasmin appointed
    secretary
  13. 2020-01-07
    ➖
    HADDEN, Emma Jane resigned
    secretary
  14. 2019-01-08
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  15. 2018-12-29
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  16. 2018-12-28
    ➕
    HADDEN, Emma Jane appointed
    secretary
  17. 2018-12-20
    🏢
    Company incorporated
    As THISTLE TIMING LIMITED
  18. 2018-12-20
    ➕
    TROTTER, Henry John appointed
    director
  19. 2018-12-20
    ➕
    TROTTER, Matthew appointed
    director
  20. 2018-12-20
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

74/100
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 62 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 62. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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 Henry John Trotter
Individual · British · DOB 01/1964 · age 62
75–100%
75–100%board control75-100% shares · 75-100% voting · board control20/12/2018

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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SC056235 · est 1974 · no financials extracted
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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 →
🔒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
Incorporated2018-12-20
Jurisdictionscotland
Primary SIC93199 — Other sports activities

Registered office

11 Ogilvie Crescent
Kintore
Inverurie
AB51 0TS
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-02
Last: 2025-12-19

Officers (3 active · 1 resigned)

MILLAR-TROTTER, Yasmin→
secretary · appointed 2020-01-07
View their other companies + combined net worth →
Active
TROTTER, Henry John→
director · ~62y · appointed 2018-12-20
View their other companies + combined net worth →
Active
TROTTER, Matthew→
director · ~36y · appointed 2018-12-20
View their other companies + combined net worth →
Active
HADDEN, Emma Jane→
secretary · appointed 2018-12-28 · resigned 2020-01-07
Resigned

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

Recent filings (21 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-19
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-21
change-person-director-company-with-change-date
officers · CH01
2023-12-21
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-24
change-person-secretary-company-with-change-date
officers · CH03
2023-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-23
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-23
accounts-with-accounts-type-micro-entity
accounts · AA
2021-07-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-04
accounts-with-accounts-type-micro-entity
accounts · AA
2020-11-12
change-person-director-company-with-change-date
officers · CH01
2020-01-08