The Firmwatch take
Thistle Propco Investment Ltd (14134868) currently shows: At risk signal detected, based on accounts to 31 December 2024; last refreshed 24 May 2026. Net liabilities of £878k — assets do not cover obligations.
Companies House source·Accounts to 31 Dec 2024·Refreshed 24 May 2026·Methodology and caveats
Firmwatch signals are generated from public filings and are not credit ratings or financial advice.
Incorporated
26 May 2022
4 years on the register
Sector
Buying and selling of own real estate
SIC 68100
Size
Not classified
Net assets
−£878k
Bottom 10% in sector
Cash at bank
Not disclosed
Not required for this filing type
Latest filing
None yet
Insolvency risk
Worth watching
The latest public accounts contain some cautionary signs, but not enough to suggest severe distress on their own.
Negative net assets
Visible liabilities exceed visible assets in the extracted accounts.
Money
What the balance sheet says
Net assets
−£878k
Bottom 10% in sector · sector median £1k · 248,722 filers in this sector
Cash
Not disclosed
Working cap.
£2.0m
Median £0
Current ratio
1.4×
Median 0.5×
Signals · 1
Negative net assets
The latest filed accounts show liabilities exceeding assets.
Sector benchmark · Real Estate
How this company compares in 248,722 filers in this sector
Bottom 10% in sector — Thistle Propco Investment Ltd shows −£878k in net assets. Sector median is £1k.
Sector medians are computed annually across all UK companies in this broad sector. Position is approximate — see the Money tab for the full balance sheet.
People
Who runs this company
- SN
SPENCER, Nicholas Andrew
director · since 2022
- WL
WAINES, Laith
director · since 2022
Registered office
Address intelligence
66 other companies use this address.
High-volume registered-office service. Many UK companies use these legitimately, but they are also a known hosting location for shell entities. Treat this as a flag, not a verdict.
Address pattern · SW1Y 6BN
66 other UK companies registered at this postcode.
Active
64
Dissolved
2
Strike-off action
0
Firmwatch turns UK Companies House filings into plain-English company intelligence. Data is refreshed daily; signals are generated from public balance-sheet and filing patterns.