THISTLE HOUSE PROPERTY MANAGEMENT LIMITED

🏛️Establishedactive
SC690926 · ltd · incorporated 2021-03-02
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 4.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and bankable structure.

Opportunity 71/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 4.7y

60/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Charge age ~4.7 years — mid-life; refi window approaching.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (82/100)

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
4 charges (4/4 with lender, 4/4 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
9 connected companies via shared directors
72
Filing history
27 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
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
77
Few red 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£0Mar 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
Average employees200200

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 (29 events)Click to expand
  1. 2025-12-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-03-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-03-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-03-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-07-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-07-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2024-07-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2024-07-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2024-03-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2024-03-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2024-03-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2024-03-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2023-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2022-12-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2022-07-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2022-07-05
    🔒
    Charge registered #4
    Lender: Barclays Security Trustee Limited in Its Capacity as Security Trustee for and on Behalf of the Secured Parties (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
  18. 2022-06-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2022-06-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2022-06-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  21. 2022-06-17
    🔓
    Charge satisfied #2
  22. 2022-06-17
    🔓
    Charge satisfied #1
  23. 2022-06-13
    🔒
    Charge registered #3
    Lender: Barclays Security Trustee Limited in Its Capacity as Security Trustee for and on Behalf of the Secured Parties (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
  24. 2021-11-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  25. 2021-11-10
    🔒
    Charge registered #2
    Lender: Bank of Scotland PLC
  26. 2021-10-19
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  27. 2021-03-02
    🏢
    Company incorporated
    As THISTLE HOUSE PROPERTY MANAGEMENT LIMITED
  28. 2021-03-02
    ➕
    KAVI, Archana, Dr appointed
    director
  29. 2021-03-02
    ➕
    KAVI, Vikram Pralhad, Dr appointed
    director

Owner dependency

71/100
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.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 5 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100
Weak signal

Limited 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 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Dr Vikram Pralhad Kavi
Individual · British · DOB 09/1978 · age 48
25–50%
25–50%25-50% shares · 25-50% voting02/03/2021
Dr Archana Kavi
Individual · British · DOB 08/1979 · age 47
25–50%
25–50%25-50% shares · 25-50% voting02/03/2021

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

6 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
Incorporated2021-03-02
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

83 Crown Street
Aberdeen
AB11 6EX
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-15
Last: 2026-03-01

Officers (2 active · 0 resigned)

KAVI, Archana, Dr→
director · ~47y · appointed 2021-03-02
View their other companies + combined net worth →
Active
KAVI, Vikram Pralhad, Dr→
director · ~48y · appointed 2021-03-02
View their other companies + combined net worth →
Active

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

Mortgages & charges

4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Barclays
Barclays Security Trustee Limited in Its Capacity as Security Trustee for and on Behalf of the Secured Parties (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
A registered charge1 property05/07/2022—
outstanding
Barclays
Barclays Security Trustee Limited in Its Capacity as Security Trustee for and on Behalf of the Secured Parties (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
A registered charge—13/06/2022—
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property10/11/202117/06/2022
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—19/10/202117/06/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (27 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-03
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-06
change-person-director-company-with-change-date
officers · CH01
2025-03-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-06
change-person-director-company-with-change-date
officers · CH01
2025-03-06
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-23
change-person-director-company-with-change-date
officers · CH01
2024-07-25
change-person-director-company-with-change-date
officers · CH01
2024-07-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-18
change-person-director-company-with-change-date
officers · CH01
2024-03-18
change-person-director-company-with-change-date
officers · CH01
2024-03-18