# THISTLE REAL ESTATE LTD (SC680020)

> THISTLE REAL ESTATE LTD is an active private limited company (company number SC680020) incorporated on 5 November 2020, registered in Glasgow. Its registered activity is buying and selling of own real estate (SIC 68100). Latest micro accounts cover the period ending 30 November 2025, showing net assets of −£8,438, with 0 employees on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets fell 28% on the prior period (−£6,610). Across the last 3 periods on record the net-asset trend is falling.

- Status: Active
- Incorporated: 2020-11-05
- Registered office: Glasgow, G53 7WR
- SIC 68100: Buying and selling of own real estate
- SIC 68201: Renting and operating of Housing Association real estate
- SIC 68209: Other letting and operating of own or leased real estate
- SIC 68320: Management of real estate on a fee or contract basis
- Next accounts due: 2027-08-30
- Confirmation statement due: 2026-11-19
- Accounts type: MICRO ENTITY

By net assets it sits in the lower half of 2,840 comparable companies in Glasgow (median £1, upper quartile £6,823).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-11-30 | −£8,438 | — | — | £21k | — | — | 0 |
| 2024-11-30 | −£6,610 | — | — | £19k | — | — | 1 |
| 2023-11-30 | £6,619 | — | — | £19k | — | — | 2 |

current ratio 0.35; net assets trend falling; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets below zero: Net assets £-8,438 at 30 November 2025
- Net assets down 25% or more on the prior period: -27.7% vs prior period
- Current assets below creditors within one year: Current ratio 0.35
- Three or more accounting periods on record: 3 periods on record
- Incorporated five or more years ago: Incorporated 5 November 2020

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Khurram Shahzad — owns 25–50% of shares; holds 25–50% of voting rights; can appoint or remove directors, since 2020-11-05

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/SC680020
HTML: https://firmoscan.com/company/SC680020-thistle-real-estate-ltd