Thistle Initiatives Limited
07078648
Healthy
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 17/11/2009
DIRECTOR
BRITISH · ENGLAND · Age 48
Also on 10 other boards
director · Since 05/08/2013
CERTIFIED CHARTERED ACCOUNTANT
BRITISH · ENGLAND · Age 44
Also on 3 other boards
director · Since 16/02/2026
BRITISH · UNITED STATES · Age 58
Also on 7 other boards
director · Since 16/02/2026
BRITISH · UNITED KINGDOM · Age 48
Also on 5 other boards
director · Since 27/02/2026
BRITISH · ENGLAND · Age 63
Also on 9 other boards
Persons with Significant Control
Thistle Initiatives Holdings Limited
4, St. Paul's Churchyard, London, EC4M 8AY
Reg: 13052084 · England & Wales · Limited Company
Notified 23/04/2021
Former PSCs
Dragontail Ventures Limited
Ceased 23/04/2021
Primary Ltd
Ceased 30/04/2020
Charges1 outstanding
TC LOANS LIMITED AS SECURITY TRUSTEE FOR THE SECURED PARTIES
CompanyRankvs 427010+ SIC 70229 peers57
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/03/2025
Net Worth
£3.1M
Balance sheet strength
Cash
£3.3M
Cash in the bank
Profit Before Tax
£172k
Bottom line earnings
Net Current Assets
£2.5M
Working capital
Current Assets
£6.8M
Current Liabilities
£4.3M
Fixed Assets
£3.1M
Debtors
£3.5M
Admin Expenses
£9.3M
Profit After Tax
-£96k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.57 | -£96k |
| 2024 | 1.42 | +£267k |
| 2023 | 0.83 | -£129k |
| 2022 | 3.48 | +£724k |
| 2021 | 3.02 | — |
Derived from filed accounts. Not audited figures.