H&A THISTLE BUILDING SERVICES LTD

💤Zombieactive
SC719797 · ltd · incorporated 2022-01-14
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
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Turnover
year to Jan 2024
Net worth
£10
book net assets
Opportunity
61/100
Worth a look
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What this business does
Primary activity: Other building completion and finishing
Sector: Construction
Investor take
Special-situation opportunity
Distressed construction with salvageable qualities — special-situations priority.

Opportunity 61/100 (worth a look), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100).

Data confidence

Overall: medium (79/100)

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
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
11 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £10

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£10
~ YoY
Current Assets
£106
~ YoY
Current Liabilities
£0£21£42£64£85£106Jan 2023Jan 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-01-312023-01-31
Total assets£10£10
Current assets£106£106
Net assets£10£10

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
1
filing
  • 1 confirmation-statement
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (9 events)Click to expand
  1. 2024-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-04-03
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2024-04-02
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2023-10-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-04-07
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2023-04-04
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2022-01-14
    🏢
    Company incorporated
    As H&A THISTLE BUILDING SERVICES LTD
  8. 2022-01-14
    PAYNE, Ryan Leslie appointed
    director
  9. 2022-01-14
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

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 ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-01-31

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Ryan Leslie Payne
Individual · British · DOB 03/1988 · age 38
75100%
75–100%board control75-100% shares · 75-100% voting · board control14/01/2022

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

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 →
🔒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
Incorporated2022-01-14
Jurisdictionscotland
Primary SIC43390 — Other building completion and finishing

Registered office

28-30 North Street
Dalry
Ayrshire
KA24 5DW
United Kingdom

Filing status

Accounts
Next due: 2026-01-31OVERDUE
Last made up to: 2024-01-31
Confirmation statement
Next due: 2027-01-27
Last: 2026-01-13

Officers (1 active · 0 resigned)

PAYNE, Ryan Leslie
director · ~38y · appointed 2022-01-14
View their other companies + combined net worth →
Active

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

Recent filings (11 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-17
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-30
gazette-filings-brought-up-to-date
gazette · DISS40
2024-04-03
gazette-notice-compulsory
gazette · GAZ1
2024-04-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-28
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-13
gazette-filings-brought-up-to-date
gazette · DISS40
2023-04-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-07
gazette-notice-compulsory
gazette · GAZ1
2023-04-04
incorporation-company
incorporation · NEWINC
2022-01-14