GLENAPPIN LIMITED
💤Zombieactive
SC063313 · ltd · incorporated 1977-10-19
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 Dec 2024
Net worth
—
book net assets
Opportunity
67/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
- 70229Management consultancy activities other than financial management
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 67/100 (strong), bankability 47/100. Strong seller-intent signal (78/100, director aged 68). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
31 live charges · 4 lenders · oldest 47.8y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 47.8 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (70/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 3 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
31 charges (31/31 with lender, 31/31 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
150 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
50
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
56
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 |
|---|
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
1
filing
- • 1 officers
Last 90 days
1
filing
- • 1 officers
Last 180 days
1
filing
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (67 events)Click to expand
- 2026-04-13📄change-person-director-company-with-change-dateofficers · CH01
- 2025-08-29📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2025-08-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-06➖NAPIER, Alistair Graham resigneddirector
- 2023-09-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-04-11📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-04-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-03-29➖COMMERCIAL LEGAL CENTRE resignedcorporate-secretary
- 2021-08-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-08-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-01-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-01-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-01-16🔒Charge registered #33Lender: Bank of Scotland PLC
- 2017-01-16🔒Charge registered #32Lender: Bank of Scotland PLC
- 2017-01-16🔒Charge registered #31Lender: Bank of Scotland PLC
- 2017-01-16🔒Charge registered #30Lender: Bank of Scotland PLC
- 2017-01-16🔒Charge registered #29Lender: Bank of Scotland PLC
- 2017-01-16🔒Charge registered #28Lender: Bank of Scotland PLC
- 2017-01-16🔒Charge registered #27Lender: Bank of Scotland PLC
- 2017-01-16🔒Charge registered #26Lender: Bank of Scotland PLC
- 2017-01-16🔒Charge registered #25Lender: Bank of Scotland PLC
- 2017-01-16🔒Charge registered #24Lender: Bank of Scotland PLC
- 2017-01-16🔒Charge registered #23Lender: Bank of Scotland PLC
- 2017-01-16🔒Charge registered #22Lender: Bank of Scotland PLC
- 2017-01-16🔒Charge registered #21Lender: Bank of Scotland PLC
- 2017-01-16🔒Charge registered #20Lender: Bank of Scotland PLC
- 2017-01-16🔒Charge registered #19Lender: Bank of Scotland PLC
- 2017-01-16🔒Charge registered #18Lender: Bank of Scotland PLC
- 2017-01-16🔒Charge registered #17Lender: Bank of Scotland PLC
- 2017-01-16🔒Charge registered #16Lender: Bank of Scotland PLC
- 2016-12-29🔒Charge registered #15Lender: Bank of Scotland PLC
- 2016-12-29🔓Charge satisfied #14
- 2016-11-16➕NAPIER, Alistair Graham appointeddirector
- 2016-10-13🔓Charge satisfied #8
- 2016-10-05🔓Charge satisfied #13
- 2016-10-05🔓Charge satisfied #12
- 2016-10-05🔓Charge satisfied #10
- 2016-10-05🔓Charge satisfied #9
- 2016-10-05🔓Charge satisfied #5
- 2016-10-05🔓Charge satisfied #4
- 2016-10-05🔓Charge satisfied #3
- 2016-10-05🔓Charge satisfied #2
- 2016-10-05🔓Charge satisfied #1
- 2008-03-27➕NAPIER, Audrey Rose appointeddirector
Showing most recent 50 of 67 events
Owner dependency
100/100
Critical — business is the founderThe 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.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 68 — succession pressure is live.
Succession & seller-readiness
83/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 49 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high · 1 med · 1 lowConfirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-03-01
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
19 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Audrey Rose Napier Individual · British · DOB 10/1958 · age 68 | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · PH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| JBLETS&STAYS LTD→ SC818422 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| JH HORTON LETTINGS LTD→ SC779904 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| JR STORAGE LIMITED→ SC525859 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| KC PROPERTY RENTALS LTD.→ SC196631 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| KEITH SHERRIT PROPERTIES LIMITED→ SC664663 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| KILTED PROPERTY LIMITED→ SC821114 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| KINLOCHMOIDART ESTATE LIMITED→ SC840445 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| KJM PROPERTY & DEVELOPMENT LTD→ SC828126 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| LES-MONA INVESTMENTS LIMITED→ SC700131 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| LM PROPERTIES (SCOTLAND) LTD→ SC684764 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| LOCHABER APARTMENTS LTD→ SC588660 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| LOCHABERNOMORE LTD→ SC759773 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Incorporated1977-10-19
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
Taypark
Isla Road
Perth
Perthshire
PH2 7HQ
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-03-01OVERDUE
Last: 2025-02-15
Officers (1 active · 4 resigned)
NAPIER, Audrey Rose→
Activedirector · ~68y · appointed 2008-03-27
View their other companies + combined net worth →
COMMERCIAL LEGAL CENTRE→
Resignedcorporate-secretary · appointed 2007-01-01 · resigned 2022-03-29
KIPPEN CAMPBELL WS→
Resignedcorporate-secretary · resigned 2006-12-31
NAPIER, Alistair Graham→
Resigneddirector · ~82y · appointed 2016-11-16 · resigned 2024-05-06
NAPIER, Alistair Graham→
Resigneddirector · ~82y · resigned 2008-03-27
Click a director name to see their full track record across all companies.
Mortgages & charges
31
Total charges
19
Outstanding
1
Active lenders
Status:Lender:31 of 31 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 2 properties | 16/01/2017 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 3 properties | 16/01/2017 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 2 properties | 16/01/2017 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 2 properties | 16/01/2017 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 16/01/2017 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 4 properties | 16/01/2017 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 16/01/2017 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 16/01/2017 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 7 properties | 16/01/2017 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 2 properties | 16/01/2017 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 16/01/2017 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 16/01/2017 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 3 properties | 16/01/2017 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 16/01/2017 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 2 properties | 16/01/2017 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 2 properties | 16/01/2017 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 2 properties | 16/01/2017 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 2 properties | 16/01/2017 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 29/12/2016 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 08/02/2006 | 29/12/2016 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 18/07/1996 | 05/10/2016 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 25/03/1994 | 05/10/2016 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 25/10/1993 | 16/12/1998 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 04/03/1993 | 05/10/2016 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 23/02/1993 | 05/10/2016 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 23/02/1993 | 13/10/2016 | |
| satisfied | Dunfermline Building Society | Standard security | 1 property | 16/07/1990 | 05/10/2016 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 19/03/1987 | 05/10/2016 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 02/02/1987 | 05/10/2016 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 04/09/1978 | 05/10/2016 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 03/07/1978 | 05/10/2016 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (150 total)
change-person-director-company-with-change-date
officers · CH01
2026-04-13
change-account-reference-date-company-current-extended
accounts · AA01
2025-08-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-22
termination-director-company-with-name-termination-date
officers · TM01
2024-05-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-25
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-05
termination-secretary-company-with-name-termination-date
officers · TM02
2022-04-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-04-08
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-21