THORNLIEBANK BOXING LIMITED

💤Zombieactive

SC622733 · ltd · incorporated 2019-02-27

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 Feb 2025

Net worth

£2.2k

book net assets

Opportunity

68/100

Strong

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What this business does

Primary activity: Activities of sport clubs

Sector: Arts, entertainment & recreation

Investor take

Special-situation opportunity

Distressed leisure with salvageable qualities — special-situations priority.

Opportunity 68/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (81/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

2 officers (1 active, 2 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

8 connected companies via shared directors

Filing history

25 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

68/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £2,220

Net assets shrinking

Down £13,749 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£2k

↓ 86% YoY

Current Assets

£16k

↓ 25% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-02-28	2024-02-28
Total assets	£17.0k	£38.9k
Current assets	£15.7k	£21.0k
Net assets	£2.2k	£16.0k

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

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (23 events)Click to expand

2026-02-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-11
📄
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2022-02-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-03
➖
SINGH, Gurnam resigned
director
2021-08-03
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-08-03
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-08-03
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-07-01
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2021-06-26
📄
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2021-06-15
📄
gazette-notice-compulsory
gazette · GAZ1
2021-02-22
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-31
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2020-10-30
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-10-30
📄
change-person-director-company-with-change-date
officers · CH01
2020-10-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-10-20
📄
gazette-notice-compulsory
gazette · GAZ1
2020-04-15
➕
SINGH, Gurnam appointed
director
2019-02-27
🏢
Company incorporated
As THORNLIEBANK BOXING LIMITED
2019-02-27
➕
SINGH, Gurnam appointed
director
2019-02-27
📄
incorporation-company
incorporation · NEWINC

Owner dependency

83/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.
+Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

65/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·

Confirmation statement overdue

high

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

Evidence: Next due: 2026-03-12

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Gurnam Singh Individual · British · DOB 08/1963 · age 63	75–100%	—	75-100% shares	27/02/2021

1 historic (ceased) PSC

Mr Gurnam Singhceased 27/02/2021· significant influence

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 · Leisure & entertainment · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
STEWART TRAVEL LIMITED→ SC400502 · est 2011	£30.04M £23.36M–£36.72M	£109.39M	—	36000	14y	91	68y
IF ONLY HOLIDAYS LIMITED→ SC268032 · est 2004	£4.61M £3.59M–£5.64M	—	—	5900	21y	85	69y
AC PROJECTS/ALTERNATIVE CURRENTS LIMITED→ SC400717 · est 2011	£3.2k £2.5k–£3.9k	—	—	0	14y	93	66y
ALLAN GLEN'S SPORTS CLUB LIMITED→ SC117858 · est 1989	—	—	£1.9k	—	37y	83	88y
D. & D. AMUSEMENTS LTD.→ SC196522 · est 1999	—	—	£120.9k	—	26y	83	68y
FACT THREE→ SC319714 · est 2007	—	—	£168.8k	—	19y	83	73y
GREENACRES CURLING LTD.→ SC200546 · est 1999	—	—	—	1200	26y	83	77y
IN EXTREMIS LIMITED→ SC142085 · est 1993	—	—	£61.2k	—	33y	83	61y
SCOTTISH JEWISH ARCHIVES CENTRE→ SC210878 · est 2000	—	—	£120.5k	—	25y	83	79y
SCOTTISH NATIONAL MEMORIAL TO DAVID LIVINGSTONE TRUST→ SC016172 · est 1930 · no financials extracted	—	—	—	—	95y	83	75y
THE ANTONINE SPORTS CENTRE→ SC144453 · est 1993	—	—	£199.7k	—	32y	83	86y
THE GLADIATOR PROGRAMME LIMITED→ SC214238 · est 2000 · no financials extracted	—	—	—	—	25y	83	74y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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

Incorporated2019-02-27

Jurisdictionscotland

Primary SIC93120 — Activities of sport clubs

Registered office

Glasgow Fitness Gym

5 Spiersbridge Way

Glasgow

G46 8NG

Scotland

Filing status

Accounts

Next due: 2026-11-30

Last made up to: 2025-02-28

Confirmation statement

Next due: 2026-03-12OVERDUE

Last: 2025-02-26

Officers (1 active · 1 resigned)

SINGH, Gurnam→

director · ~63y · appointed 2020-04-15

View their other companies + combined net worth →

Active

SINGH, Gurnam→

director · ~44y · appointed 2019-02-27 · resigned 2021-08-03

Resigned

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

2026-02-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-04-08

accounts-with-accounts-type-micro-entity

accounts · AA

2024-11-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-04-25

accounts-with-accounts-type-micro-entity

accounts · AA

2023-11-29

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-03-30

accounts-with-accounts-type-micro-entity

accounts · AA

2022-11-30

accounts-amended-with-accounts-type-micro-entity

accounts · AAMD

2022-05-11

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-04-12

accounts-with-accounts-type-micro-entity

accounts · AA

2022-02-28

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2021-08-03

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC01

2021-08-03

termination-director-company-with-name-termination-date

officers · TM01

2021-08-03

gazette-filings-brought-up-to-date

gazette · DISS40

2021-07-01

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-06-30