THERAPY HAND LTD

⚰️Wound downdissolved
SC654460 · ltd · incorporated 2020-02-13
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Why now
Window steady · high confidence
Thesis has shifted recently — watch for confirmation.
  • · Lifecycle stage: zombie → wound-down
  • · Investment thesis: zombie_hold → unclassified
  • · Company status: active → dissolved
  • · Hygiene score: 70 → 90
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 5.6y old — refinance window within 12 months
What changed my view
Last 30 days

Mixed signals in the last 30 days — 4 improved, 4 worsened.

  • ↓Lifecycle stage: zombie → wound-down
  • ·Investment thesis: zombie_hold → unclassified
  • ↓Company status: active → dissolved
  • ↓Deal-killer verdict: workable → high-friction
  • ↓Opportunity score: 64 → 55
  • +4 more
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
—
book net assets
Opportunity
55/100
Worth a look
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What this business does
Primary activity: SIC 32500
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 55/100 (worth a look), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 5.6y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 5.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
55/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
25
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
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£0Feb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Average employees00

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

🔒Filing-note intelligence

3 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
1
filing
  • • 1 gazette
Last 90 days
3
filings
  • • 2 gazette
  • • 1 dissolution
Last 180 days
3
filings
  • • 2 gazette
  • • 1 dissolution
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-07-14
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2026-07-14
    🏁
    Company dissolved
  3. 2026-04-28
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2026-04-21
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2025-11-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2025-05-02
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2025-05-02
    🔓
    Charge satisfied #1
  8. 2024-11-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2022-11-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-12-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2020-11-30
    🔒
    Charge registered #1
    Lender: Dsl Business Finance LTD
  14. 2020-10-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2020-02-13
    🏢
    Company incorporated
    As THERAPY HAND LTD
  16. 2020-02-13
    ➕
    MCGINN, Lynette appointed
    secretary
  17. 2020-02-13
    ➕
    MCGINN, Lynette appointed
    director
  18. 2020-02-13
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

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

1 high ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2026-07-14

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Ms Lynette Mcginn
Individual · British · DOB 02/1970 · age 56
50–75%
75–100%board control75-100% shares · 75-100% voting · board control13/02/2020

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

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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

Statusdissolved
Typeltd
Incorporated2020-02-13
Jurisdictionscotland
Primary SIC32500 — SIC 32500

Registered office

3 Millar Road
New Cumnock
Cumnock
Ayrshire
KA18 4AJ
Scotland

Filing status

Accounts
Next due: —
Last made up to: 2025-02-28
Confirmation statement
Next due: —
Last: 2025-02-12

Officers (0 active · 0 resigned)

MCGINN, Lynette→
secretary · appointed 2020-02-13
View their other companies + combined net worth →
Active
MCGINN, Lynette→
director · ~56y · appointed 2020-02-13
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Dsl Business Finance
Dsl Business Finance LTD
A registered charge—30/11/202002/05/2025

Recent filings (17 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2026-07-14
gazette-notice-voluntary
gazette · GAZ1(A)
2026-04-28
dissolution-application-strike-off-company
dissolution · DS01
2026-04-21
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-28
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-17
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-19
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-12-03