EXCEL HOMES LIMITED
💤Zombieactive
SC138369 · ltd · incorporated 1992-05-19
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 Nov 2024
Net worth
—
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 73/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
1 live charge · oldest 25.4y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 25.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (74/100)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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
11 officers (1 active, 11 linked, 6 with DOB)
81
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
104 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-11-30 |
|---|---|
| Average employees | 1 |
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 accounts
Last 90 days
3
filings
- • 2 gazette
- • 1 accounts
Last 180 days
3
filings
- • 2 gazette
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
- 2026-04-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-03-14📄gazette-filings-brought-up-to-dategazette · DISS40
- 2026-02-03📄gazette-notice-compulsorygazette · GAZ1
- 2025-08-27📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-08-27📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-01📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-07-01📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-06-13📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-05-26➖THORNTON, Russell William resigneddirector
- 2025-05-26➖THORNTON, William resigneddirector
- 2024-12-05📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2024-03-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-02-19➕THORNTON, Fraser John appointeddirector
- 2023-02-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-05-14📄change-person-director-company-with-change-dateofficers · CH01
- 2021-01-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-12-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2009-06-20🔓Charge satisfied #1
- 2008-04-17➖SPY, Karen resignedsecretary
- 2003-05-22➖BANKIER, Ian Patrick resigneddirector
- 2003-05-22➕THORNTON, William appointeddirector
- 2000-12-07🔒Charge registered #1Lender: Adam & Company PLC
- 1999-05-26➕THORNTON, Russell William appointeddirector
- 1994-06-24➕SPY, Karen appointedsecretary
- 1994-06-23➖BANKIER, Ian Patrick resignedsecretary
- 1994-06-23➖NELSON, David resigneddirector
- 1993-09-01➕BANKIER, Ian Patrick appointedsecretary
- 1993-09-01➖NELSON, Joan Isobel resignedsecretary
- 1993-09-01➕BANKIER, Ian Patrick appointeddirector
- 1993-09-01➖NELSON, Joan Isobel resigneddirector
- 1992-06-26➕NELSON, Joan Isobel appointedsecretary
- 1992-06-26➖MD SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 1992-06-26➕NELSON, David appointeddirector
- 1992-06-26➕NELSON, Joan Isobel appointeddirector
- 1992-06-26➖MD SECRETARIES LIMITED resignedcorporate-nominee-director
- 1992-05-19🏢Company incorporatedAs EXCEL HOMES LIMITED
- 1992-05-19➕MD SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 1992-05-19➕MD SECRETARIES LIMITED appointedcorporate-nominee-director
Owner dependency
75/100
High — earn-out structure requiredMaterial 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 signalSome 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 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: THORNTON, Russell William resigned 2025-05-26; THORNTON, William resigned 2025-05-26
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Fraser John Thornton Individual · British · DOB 07/1969 · age 57 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 26/05/2025 |
2 historic (ceased) PSCs
- Mr Russell William Thorntonceased 26/05/2025· 75-100% shares · 75-100% voting
- Mr William Thorntonceased 26/05/2025· significant influence
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 →Similar companies
Active · Construction · PA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1 STOP RENEWABLES WIND ENERGY LTD→ SC388793 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| 345 INTERIOR PROJECTS LTD→ SC822207 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| A J C CIVILS LTD→ SC272770 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| ACCESS SYSTEMS NETWORK LIMITED→ SC803807 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ACHAGORM LIMITED→ SC292679 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| AJAHS LTD→ SC463637 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| ALAN FLEMING PLASTERING SERVICES LIMITED→ SC469996 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| ALEXANDER LEONARD LIMITED→ SC053636 · est 1973 · no financials extracted | — | — | — | — | 52y | — | — |
| ALL AREAS SCAFFOLDING SOLUTIONS LTD→ SC884182 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ALL SERV NETWORKS LTD→ SC759676 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ALLAN PLUMBING & HEATING LTD→ SC659060 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| ALLANVALE LAND (LINLITHGOW) LIMITED→ SC669795 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Incorporated1992-05-19
Jurisdictionscotland
Primary SIC41100 — Development of building projects
Registered office
Titanium 1 Kings Inch Place
Renfrew
PA4 8WF
Scotland
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-05-22
Last: 2025-05-08
Officers (1 active · 10 resigned)
THORNTON, Fraser John→
Activedirector · ~57y · appointed 2024-02-19
View their other companies + combined net worth →
BANKIER, Ian Patrick→
Resignedsecretary · appointed 1993-09-01 · resigned 1994-06-23
NELSON, Joan Isobel→
Resignedsecretary · appointed 1992-06-26 · resigned 1993-09-01
SPY, Karen→
Resignedsecretary · appointed 1994-06-24 · resigned 2008-04-17
MD SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1992-05-19 · resigned 1992-06-26
BANKIER, Ian Patrick→
Resigneddirector · ~74y · appointed 1993-09-01 · resigned 2003-05-22
NELSON, David→
Resigneddirector · ~75y · appointed 1992-06-26 · resigned 1994-06-23
NELSON, Joan Isobel→
Resigneddirector · ~69y · appointed 1992-06-26 · resigned 1993-09-01
THORNTON, Russell William→
Resigneddirector · ~52y · appointed 1999-05-26 · resigned 2025-05-26
THORNTON, William→
Resigneddirector · ~85y · appointed 2003-05-22 · resigned 2025-05-26
MD SECRETARIES LIMITED→
Resignedcorporate-nominee-director · appointed 1992-05-19 · resigned 1992-06-26
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Adam & Company Adam & Company PLC | Standard security | 1 property | 07/12/2000 | 20/06/2009 |
Recent filings (104 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-10
gazette-filings-brought-up-to-date
gazette · DISS40
2026-03-14
gazette-notice-compulsory
gazette · GAZ1
2026-02-03
termination-director-company-with-name-termination-date
officers · TM01
2025-08-27
termination-director-company-with-name-termination-date
officers · TM01
2025-08-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-01
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-01
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-07-01
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-06-13
change-account-reference-date-company-previous-extended
accounts · AA01
2024-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-25
appoint-person-director-company-with-name-date
officers · AP01
2024-02-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-25