THINNERGRUB LIMITED
Opportunity 61/100 (worth a look), bankability 60/100. 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 (58/100).
Refinance opportunity
5 live charges · 2 lenders · oldest 4.5y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.5 years — mid-life; refi window approaching.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (71/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Mixed signal. Worth opening the full target workup before deciding to pursue.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-10-31 |
|---|---|
| Total assets | £1.56M |
| Current assets | £1.54M |
| Net assets | £1.56M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Corporate timeline (33 events)Click to expand
- 2025-11-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-11-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-11-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-11-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-11-14🔓Charge satisfied #3
- 2025-11-14🔓Charge satisfied #2
- 2025-11-14🔓Charge satisfied #1
- 2025-11-07🔒Charge registered #5Lender: Ortus Secured Finance I Limited
- 2025-11-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-11-04🔒Charge registered #4Lender: Ortus Secured Finance I Limited
- 2025-01-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-12-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-12-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-12-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-12-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-29➕MCKIE, Alexander Scott appointeddirector
- 2024-11-29➖ANDREWS, Benjamin John resigneddirector
- 2024-11-28📄capital-allotment-sharescapital · SH01
- 2024-11-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-11-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-11-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-10-30📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2024-05-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-04-03📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2021-12-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-12-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-12-14🔒Charge registered #3Lender: Cumberland Building Society
- 2021-12-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-12-09🔒Charge registered #2Lender: Cumberland Building Society
- 2021-11-22🔒Charge registered #1Lender: Cumberland Building Society
- 2021-09-22🏢Company incorporatedAs THINNERGRUB LIMITED
- 2021-09-22➕ANDREWS, Benjamin John appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 high · 1 med · 1 lowAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2025-11-08
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Multiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Alexander Scott Mckie Individual · British · DOB 07/1974 · age 52 | 75–100% | — | 75-100% shares | 29/11/2024 |
1 historic (ceased) PSC
- Mr Benjamin John Andrewsceased 29/11/2024· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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10 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 →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
Registered office
Filing status
Officers (1 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Ortus Secured Finance I Ortus Secured Finance I Limited | A registered charge | 2 properties | 07/11/2025 | — | |
| outstanding | Ortus Secured Finance I Ortus Secured Finance I Limited | A registered charge | — | 04/11/2025 | — | |
| satisfied | Cumberland Building Society | A registered charge | — | 14/12/2021 | 14/11/2025 | |
| satisfied | Cumberland Building Society | A registered charge | 2 properties | 09/12/2021 | 14/11/2025 | |
| satisfied | Cumberland Building Society | A registered charge | — | 22/11/2021 | 14/11/2025 |