NORDIC THISTLE PROPERTY LTD
🏛️Establishedactive
SC620543 · ltd · incorporated 2019-02-07
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
—
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 73/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 6.4y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 6.4 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
51 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-01-31 | 2024-01-31 |
|---|---|---|
| Average employees | 2 | 200 |
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 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
- 2025-09-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-02-14📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2025-02-14📄capital-name-of-class-of-sharescapital · SH08
- 2025-02-13📄resolutionresolution · RESOLUTIONS
- 2025-02-07📄change-person-director-company-with-change-dateofficers · CH01
- 2025-02-07📄change-person-director-company-with-change-dateofficers · CH01
- 2025-02-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-02-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-02-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-10-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-07-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-02-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-02-26📄change-person-director-company-with-change-dateofficers · CH01
- 2023-09-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-09-19📄change-person-director-company-with-change-dateofficers · CH01
- 2023-09-19📄change-person-director-company-with-change-dateofficers · CH01
- 2023-09-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-09-19📄change-person-director-company-with-change-dateofficers · CH01
- 2023-09-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-09-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-09-19📄change-person-director-company-with-change-dateofficers · CH01
- 2023-09-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-03-23🔒Charge registered #3Lender: The Mortgage Works (UK) PLC
- 2019-11-28🔒Charge registered #2Lender: The Mortgage Lender Limited
- 2019-11-28🔒Charge registered #1Lender: Mortgage Lender Limited
- 2019-02-07🏢Company incorporatedAs NORDIC THISTLE PROPERTY LTD
- 2019-02-07➕LAUGHTON, Carol Jasmine appointeddirector
- 2019-02-07➕LAUGHTON, Graeme Sinclair appointeddirector
Owner dependency
71/100
High — earn-out structure requiredMaterial 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.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 lowMultiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Graeme Sinclair Laughton Individual · Scottish · DOB 03/1989 · age 37 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 07/02/2019 |
Ms Carol Jasmine Laughton Individual · Scottish · DOB 04/1983 · age 43 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 07/02/2019 |
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
Active · Property · IV postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| MACKENRO PROPERTIES LIMITED→ SC337301 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| MACKENZIE LETS LTD→ SC869006 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MACLAREN-MUNDELL PROPERTIES LTD→ SC848564 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MCDC PROPERTY LTD→ SC860008 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MM HIGHLAND PROPERTIES LTD→ SC823582 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| N. & D. MACLEOD (PORTREE) LIMITED→ SC062920 · est 1977 · no financials extracted | — | — | — | — | 48y | — | — |
| NEACREATH LIMITED→ SC276227 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| OSSIAN PROPERTY INVESTMENTS LTD→ SC424646 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| OTLE LAND LIMITED→ SC854851 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PARKRIGG LETS LTD→ SC619963 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| PATERSON ESTATES LIMITED→ SC392227 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| PAUL COUTTS ESTATE AGENCY LTD→ SC795817 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2019-02-07
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
15 Blaven Court
Forres
Moray
IV36 1EH
Scotland
Filing status
Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-03-04
Last: 2026-02-18
Officers (2 active · 0 resigned)
LAUGHTON, Carol Jasmine→
Activedirector · ~43y · appointed 2019-02-07
View their other companies + combined net worth →
LAUGHTON, Graeme Sinclair→
Activedirector · ~37y · appointed 2019-02-07
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
3
Outstanding
3
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 23/03/2020 | — | |
| outstanding | The Mortgage Lender The Mortgage Lender Limited | A registered charge | 1 property | 28/11/2019 | — | |
| outstanding | Mortgage Lender Mortgage Lender Limited | A registered charge | 1 property | 28/11/2019 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (51 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-03
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-29
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-21
capital-variation-of-rights-attached-to-shares
capital · SH10
2025-02-14
capital-name-of-class-of-shares
capital · SH08
2025-02-14
resolution
resolution · RESOLUTIONS
2025-02-13
change-person-director-company-with-change-date
officers · CH01
2025-02-07
change-person-director-company-with-change-date
officers · CH01
2025-02-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-02-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-02-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-24
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-15
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-26