THORNTONHALL (NOTTINGHAM) LIMITED

💤Zombieactive
SC715967 · ltd · incorporated 2021-11-24
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
£1
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Management of real estate on a fee or contract basis
Sector: Real estate
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.

Opportunity 75/100 (strong), bankability 70/100. 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 (73/100).

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
16 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
75/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£1
~ YoY
Current Assets
Current Liabilities
£0£0£0£1£1£1Nov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Total assets£205.0k£205.0k
Debtors£205.0k£205.0k
Net assets£1£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
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • 1 incorporation
  • 1 resolution
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2025-11-26
    📄
    memorandum-articles
    incorporation · MA
  2. 2025-11-17
    📄
    resolution
    resolution · RESOLUTIONS
  3. 2025-08-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-08-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-04-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2023-10-26
    MILLOY, Fiona resigned
    director
  7. 2023-08-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-06-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2023-06-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2023-06-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2022-07-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2022-07-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2021-11-24
    🏢
    Company incorporated
    As THORNTONHALL (NOTTINGHAM) LIMITED
  14. 2021-11-24
    MILLOY, David Thomas appointed
    director
  15. 2021-11-24
    MILLOY, Fiona appointed
    director
  16. 2021-11-24
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +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

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr David Thomas Milloy
Individual · British · DOB 05/1965 · age 61
75100%
75-100% shares05/07/2022
1 historic (ceased) PSC
  • Thorntonhall Holdings Limitedceased 05/07/2022· 75-100% shares · 75-100% voting · board control

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

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
Incorporated2021-11-24
Jurisdictionscotland
Primary SIC68320 — Management of real estate on a fee or contract basis

Registered office

201 West George Street
C/O Miller Developments
Glasgow
G2 2LW
United Kingdom

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-07-21
Last: 2025-07-07

Officers (1 active · 1 resigned)

MILLOY, David Thomas
director · ~61y · appointed 2021-11-24
View their other companies + combined net worth →
Active
MILLOY, Fiona
director · ~66y · appointed 2021-11-24 · resigned 2023-10-26
Resigned

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

Recent filings (16 total)

memorandum-articles
incorporation · MA
2025-11-26
resolution
resolution · RESOLUTIONS
2025-11-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-24
termination-director-company-with-name-termination-date
officers · TM01
2024-04-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-06-05
change-person-director-company-with-change-date
officers · CH01
2023-06-05
change-person-director-company-with-change-date
officers · CH01
2023-06-05
confirmation-statement-with-updates
confirmation-statement · CS01
2022-07-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-07-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-07-05