THORNTONHALL HOLDINGS LIMITED
Opportunity 78/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -38% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
1 live charge · oldest 0.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 0.2 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (83/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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 →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £3.94M | £1.75M |
| Current assets | £127.1k | £290.5k |
| Cash | £77.1k | £125.0k |
| Debtors | — | £165.5k |
| Net assets | £3.94M | £1.75M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 1 mortgage
- • 1 confirmation-statement
- • 1 mortgage
- • 1 accounts
Corporate timeline (22 events)Click to expand
- 2026-02-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-02-06🔒Charge registered #1Lender: Barclays Bank PLC
- 2025-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-04-04📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-12-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-26➖MILLOY, Fiona resigneddirector
- 2023-06-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-06-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-06-02📄change-person-director-company-with-change-dateofficers · CH01
- 2023-06-02📄change-person-director-company-with-change-dateofficers · CH01
- 2023-02-15📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2023-02-15📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2022-12-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-30📄capital-name-of-class-of-sharescapital · SH08
- 2021-04-13📄memorandum-articlesincorporation · MA
- 2021-04-13📄resolutionresolution · RESOLUTIONS
- 2018-03-09🏢Company incorporatedAs THORNTONHALL HOLDINGS LIMITED
- 2018-03-09➕MILLOY, David Thomas appointeddirector
- 2018-03-09➕MILLOY, Fiona appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanShareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Thomas Milloy Individual · British · DOB 05/1965 · age 61 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 09/03/2018 |
1 historic (ceased) PSC
- Mrs Fiona Milloyceased 26/10/2023· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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 | Barclays Barclays Bank PLC | A registered charge | 1 property | 06/02/2026 | — |