40 THIRLESTANE ROAD LIMITED

🌿Early-stageactive
SC788081 · ltd · incorporated 2023-11-03
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
Upgrade to see
Turnover
year to Nov 2024
Net worth
£5.3k
book net assets
Opportunity
70/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

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
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
9 filings
60
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
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £5,333

Key financials

1 year extracted from filed iXBRL accounts
Cash
£13k
Net Worth
£5k
Current Assets
£13k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-11-30
Total assets£5.3k
Current assets£12.6k
Cash£12.6k
Net assets£5.3k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 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
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (10 events)Click to expand
  1. 2025-08-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-01-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2024-02-28
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  5. 2023-12-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2023-11-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2023-11-03
    🏢
    Company incorporated
    As 40 THIRLESTANE ROAD LIMITED
  8. 2023-11-03
    STEELE, Elizabeth Louise Wanjiru appointed
    director
  9. 2023-11-03
    STEELE, Lawson Douglas appointed
    director
  10. 2023-11-03
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

71/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +Young company: Only 2.5 years old — management layer unlikely to be developed.

Succession & seller-readiness

36/100
Weak signal

Limited 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

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

Windward Ls Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Windward Ls Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
40 THIRLESTANE ROAD LIMITED
This company · SC788081

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Windward Ls Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control03/11/2023

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

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
Incorporated2023-11-03
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

36 Bruntsfield Place
Edinburgh
EH10 4HJ
Scotland

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-11-16
Last: 2025-11-02

Officers (2 active · 0 resigned)

STEELE, Elizabeth Louise Wanjiru
director · ~40y · appointed 2023-11-03
View their other companies + combined net worth →
Active
STEELE, Lawson Douglas
director · ~41y · appointed 2023-11-03
View their other companies + combined net worth →
Active

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

Recent filings (9 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-04
certificate-change-of-name-company
change-of-name · CERTNM
2024-02-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-20
incorporation-company
incorporation · NEWINC
2023-11-03