TEAM THOMACE LIMITED
🌱Startupactive
SC817879 · ltd · incorporated 2024-07-30
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2025
Net worth
£-50.8k
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 71/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 1.5y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Newest facility, 1.5 years old — likely still in initial term.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (71/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
2 charges (2/2 with lender, 2/2 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
Network not yet resolved
30
Filing history
13 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
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Negative net assets
Liabilities exceed assets by £50,782
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
-£51k
Current Assets
£1k
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-07-31 |
|---|---|
| Total assets | £64.8k |
| Current assets | £1.1k |
| Net assets | £-50.8k |
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
4
filings
- • 2 persons-with-significant-control
- • 2 officers
Last 180 days
5
filings
- • 2 persons-with-significant-control
- • 2 officers
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
- 2026-03-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-03-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-03-18📄change-person-director-company-with-change-dateofficers · CH01
- 2026-03-18📄change-person-director-company-with-change-dateofficers · CH01
- 2025-12-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-11-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-11-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-11-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-11-15🔒Charge registered #1Lender: Leeds Building Society
- 2024-11-13🔒Charge registered #2Lender: The Mortgage Works (UK) PLC
- 2024-09-03📄change-person-director-company-with-change-dateofficers · CH01
- 2024-09-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-07-30🏢Company incorporatedAs TEAM THOMACE LIMITED
- 2024-07-30➕THOMACE, Joanna Mary appointeddirector
- 2024-07-30➕THOMACE, Kathrin Ann appointeddirector
- 2024-07-30📄incorporation-companyincorporation · NEWINC
Owner dependency
86/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder name in company name: Company name contains director surname "THOMACE" — strong identity link between founder and business.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +Young company: Only 1.8 years old — management layer unlikely to be developed.
Succession & seller-readiness
36/100
Weak signalLimited 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Ms Joanna Mary Thomace Individual · British · DOB 02/1987 · age 39 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 30/07/2024 |
Ms Kathrin Ann Thomace Individual · British · DOB 12/1986 · age 40 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 30/07/2024 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BARRWOOD DEVELOPMENTS LIMITED→ SC055126 · est 1974 | £117.8k £100.1k–£135.5k | — | £117.8k | — | 52y | 83 | 59y |
| CAIRN LETTING LIMITED→ SC210819 · est 2000 | £40.0k £34.0k–£46.0k | — | £40.0k | — | 25y | 83 | 58y |
| AR (WELLMEADOW) LTD→ SC393743 · est 2011 | £5.0k £4.2k–£5.7k | — | £5.0k | — | 15y | 83 | 59y |
| AMBASSADOR REAL ESTATE INVESTMENTS LTD→ SC393740 · est 2011 | £100 £85–£115 | — | £100 | — | 15y | 83 | 59y |
| HOWE STREET PROPERTIES LIMITED→ SC435893 · est 2012 | — | £24.9k | — | 0 | 13y | 84 | 65y |
| ROSS & LIDDELL LIMITED→ SC097770 · est 1986 | — | — | — | 100 | 40y | 84 | 60y |
| AEROBLUE LIMITED→ SC185922 · est 1998 · no financials extracted | — | — | — | — | 28y | 83 | 73y |
| BALMORE ESTATES LIMITED→ SC435326 · est 2012 | — | — | — | 300 | 13y | 83 | 60y |
| BEARSDEN SOLUTIONS LTD→ SC394655 · est 2011 | — | — | — | 100 | 15y | 83 | 60y |
| BROOMPARK DEVELOPMENTS LIMITED→ SC156310 · est 1995 · no financials extracted | — | — | — | — | 31y | 83 | 85y |
| YELLOW BIRD ASSETS LTD→ SC841684 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ZAINABMATLOOB LTD→ SC852852 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2024-07-30
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
12 Pankhurst Place
East Kilbride
Glasgow
G74 4BH
Scotland
Filing status
Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-10-08
Last: 2025-09-24
Officers (2 active · 0 resigned)
THOMACE, Joanna Mary→
Activedirector · ~39y · appointed 2024-07-30
View their other companies + combined net worth →
THOMACE, Kathrin Ann→
Activedirector · ~40y · appointed 2024-07-30
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Leeds Building Society | A registered charge | 1 property | 15/11/2024 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 13/11/2024 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (13 total)
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-18
change-person-director-company-with-change-date
officers · CH01
2026-03-18
change-person-director-company-with-change-date
officers · CH01
2026-03-18
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-17
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-25
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-15
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-24
change-person-director-company-with-change-date
officers · CH01
2024-09-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-03
incorporation-company
incorporation · NEWINC
2024-07-30