THORNTONS LAW LLP
💤Zombieactive
SO300381 · llp · incorporated 2004-05-25
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
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
—
book net assets
Opportunity
70/100
Strong
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 70/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (50/100).
🏦
Refinance opportunity
1 live charge · oldest 21.4y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 21.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (69/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, no SIC, incorporation date
80
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
100 officers (79 active, 100 linked, 100 with DOB)
90
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
338 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
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 →Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Average employees | 529 | 50300 |
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
0
filings
Last 90 days
2
filings
- • 1 officers
- • 1 accounts
Last 180 days
5
filings
- • 4 officers
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (148 events)Click to expand
- 2026-02-27📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2026-02-19📄accounts-with-accounts-type-fullaccounts · AA
- 2026-01-20📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2026-01-20📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2026-01-05➕STUART, Sarah Duncan appointedllp-member
- 2026-01-05➕YOUNG, Jennifer Evelyn appointedllp-member
- 2025-12-02📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2025-10-08📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2025-10-08📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2025-10-01➕BUCHAN, Lorna appointedllp-member
- 2025-10-01➕SIMPSON, Ashley appointedllp-member
- 2025-07-22📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2025-07-18➖ETHERINGTON, David Murray resignedllp-designated-member
- 2025-07-18📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2025-06-25📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2025-06-18➕YOUNG, Simone Gabriella appointedllp-member
- 2025-06-04📄change-person-member-limited-liability-partnership-with-name-change-dateofficers · LLCH01
- 2025-06-04📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2025-06-03📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2025-06-03📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2025-06-03📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2025-06-03📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2025-06-03📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2025-06-01➕DUNLOP, Robin John Muir appointedllp-member
- 2025-06-01➕HAINEY, Lisa May appointedllp-member
- 2025-06-01➕WELLS, Michael Gavin appointedllp-member
- 2025-05-31➖GRAHAM, Colin Thomas resignedllp-designated-member
- 2025-05-07📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2025-04-22➕MATTEO, Ricardo appointedllp-member
- 2025-04-08📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2025-04-08📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2025-04-08📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2025-04-08📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2025-04-08📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2025-04-01➕CROMAN, Ruth Catriona appointedllp-designated-member
- 2025-04-01➕BAILLIE, Stewart Alastair James appointedllp-member
- 2025-04-01➕MACDONALD, Rachael Hannah appointedllp-member
- 2025-04-01➕MITCHELL, Sarah appointedllp-member
- 2025-03-03📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2025-02-25📄accounts-with-accounts-type-fullaccounts · AA
- 2025-01-06➕GALLAGHER, Jennifer appointedllp-member
- 2025-01-01➕ANDERSON, Rachel appointedllp-member
- 2024-06-01➕MOORE, Jacqueline appointedllp-member
- 2024-05-31➖MCKEOWN, Anne Janette resignedllp-designated-member
- 2023-12-13➕MACKAY, Iain Finlay Magnus appointedllp-member
- 2023-12-01➕ADAMS, Paul appointedllp-member
- 2023-11-17➕SMART, John Douglas appointedllp-member
- 2023-06-01➕CAMPBELL, Kim appointedllp-member
- 2023-06-01➕DEWAR, Deborah Campbell appointedllp-member
- 2023-06-01➕JONES, Amy Carole appointedllp-member
Showing most recent 50 of 148 events
Owner dependency
50/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
30/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
Red flags
1 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: ETHERINGTON, David Murray resigned 2025-07-18; GRAHAM, Colin Thomas resigned 2025-05-31
Similar companies
Active · same sector · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ASIAN SCOTTISH TRADING COMPANY→ SF000873 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| ASTROWEST L.P.→ SL023201 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ATEP 2008 (CIV) LIMITED PARTNERSHIP→ SL007137 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| ATMAAL LTD→ SC662447 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| B-STING LIMITED→ SC841056 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BINEX INVEST L.P.→ SL020266 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| BLACKROCK ADVISORY LP→ SL029393 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| BRADLAKE NORDIC L.P.→ SL022992 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| BRANDMAN LOGISTICS L.P.→ SL018010 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| BRENTON BUSINESS L.P.→ SL010012 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| BRIGHT STAR REFERRALS LTD→ SC878797 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| BRIGHTEX INDUSTRIAL L.P.→ SL022263 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
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
Typellp
Incorporated2004-05-25
Jurisdictionscotland
Primary SIC—
Registered office
Whitehall House
33 Yeaman Shore
Dundee
DD1 4BJ
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-07-21
Last: 2025-07-07
Officers (79 active · 59 resigned)
ALLAN, Christopher David→
Activellp-designated-member · ~51y · appointed 2008-06-01
View their other companies + combined net worth →
BUCHANAN, Gillian Coutts→
Activellp-designated-member · ~59y · appointed 2004-05-25
View their other companies + combined net worth →
COUTTS, Morna Jane→
Activellp-designated-member · ~56y · appointed 2017-06-01
View their other companies + combined net worth →
CROMAN, Ruth Catriona→
Activellp-designated-member · ~51y · appointed 2025-04-01
View their other companies + combined net worth →
DISHINGTON, Audrey Anne→
Activellp-designated-member · ~57y · appointed 2017-04-17
View their other companies + combined net worth →
HAMILTON, Ronald Grant→
Activellp-designated-member · ~59y · appointed 2016-06-02
View their other companies + combined net worth →
KINNEAR, Douglas Nelson→
Activellp-designated-member · ~68y · appointed 2014-11-01
View their other companies + combined net worth →
LANG, Alistair James→
Activellp-designated-member · ~53y · appointed 2014-11-01
View their other companies + combined net worth →
LARG, Lesley Ann→
Activellp-designated-member · ~50y · appointed 2006-06-01
View their other companies + combined net worth →
MACPHERSON, Clare Susan→
Activellp-designated-member · ~55y · appointed 2005-06-01
View their other companies + combined net worth →
MCBEAN, Gordon Graham→
Activellp-designated-member · ~54y · appointed 2005-06-01
View their other companies + combined net worth →
MCCLELLAND, Noele Gillian→
Activellp-designated-member · ~55y · appointed 2005-06-01
View their other companies + combined net worth →
MCINTYRE, Janet Helen→
Activellp-designated-member · ~55y · appointed 2008-06-01
View their other companies + combined net worth →
MCMONAGLE, Liam James→
Activellp-designated-member · ~52y · appointed 2011-06-01
View their other companies + combined net worth →
MILLER, Ewan Kenneth→
Activellp-designated-member · ~55y · appointed 2007-04-02
View their other companies + combined net worth →
MILNE, David John→
Activellp-designated-member · ~54y · appointed 2022-02-01
View their other companies + combined net worth →
MILNE, Scott Charles→
Activellp-designated-member · ~64y · appointed 2004-05-25
View their other companies + combined net worth →
RENFREW, Bruce Norman→
Activellp-designated-member · ~60y · appointed 2004-05-25
View their other companies + combined net worth →
ROYDEN, Michael→
Activellp-designated-member · ~59y · appointed 2004-05-25
View their other companies + combined net worth →
SUTHERLAND, Sandra Mary→
Activellp-designated-member · ~67y · appointed 2004-05-25
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 29/11/2004 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (338 total)
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2026-02-27
accounts-with-accounts-type-full
accounts · AA
2026-02-19
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2026-01-20
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2026-01-20
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2025-12-02
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2025-10-08
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2025-10-08
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2025-07-22
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-07-18
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2025-06-25
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-06-04
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2025-06-04
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2025-06-03
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2025-06-03
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2025-06-03