LIQUID STREET LIMITED

💤Zombieactive
SC179346 · ltd · incorporated 1997-10-03
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 Nov 2025
Net worth
—
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Licenced clubs
Sector: Accommodation & food service
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · oldest 0.5y

10/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Newest facility, 0.5 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
9 officers (1 active, 9 linked, 5 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
89 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Nov 2024Nov 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · IFRS
Metric2025-11-302024-11-30
Average employees85008300

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

🔒Filing-note intelligence

1 signal 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
1
filing
  • • 1 accounts
Last 180 days
3
filings
  • • 2 mortgage
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-12-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-12-19
    🔒
    Charge registered #2
    Lender: Bank of Scotland PLC
  4. 2025-11-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2025-11-10
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  6. 2025-03-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-07-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-01-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-07-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-04-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-08-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-08-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-08-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-04-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2015-05-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2015-04-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2011-11-23
    ➖
    MITCHELL, Ann Elizabeth resigned
    secretary
  20. 2011-03-14
    ➕
    LAING, Thomas Fleming appointed
    director
  21. 2011-03-14
    ➖
    LAING, Thomas Fleming resigned
    director
  22. 2011-03-14
    ➕
    LAING, Thomas Fleming appointed
    director
  23. 2011-03-14
    ➖
    LAING, Thomas Fleming resigned
    director
  24. 2006-11-01
    ➕
    ROWAN, Norman Semark appointed
    director
  25. 2006-11-01
    ➖
    GRYCUK, Fiona Mackinnon resigned
    secretary
  26. 2006-11-01
    ➕
    MITCHELL, Ann Elizabeth appointed
    secretary
  27. 2006-11-01
    ➖
    ARNOTT, Robert Graeme resigned
    director
  28. 2006-11-01
    ➖
    DOYLE, Kevin Michael resigned
    director
  29. 1998-03-04
    ➖
    MORTON FRASER SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  30. 1998-03-04
    ➖
    MORTON FRASER resigned
    corporate-director
  31. 1998-03-03
    ➕
    GRYCUK, Fiona Mackinnon appointed
    secretary
  32. 1998-03-03
    ➕
    ARNOTT, Robert Graeme appointed
    director
  33. 1998-03-03
    ➕
    DOYLE, Kevin Michael appointed
    director
  34. 1997-10-03
    🏢
    Company incorporated
    As LIQUID STREET LIMITED
  35. 1997-10-03
    ➕
    MORTON FRASER SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  36. 1997-10-03
    ➕
    MORTON FRASER appointed
    corporate-director

Owner dependency

85/100
Critical — business is the founder

The 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 19 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 29 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Norman Semark Rowan
Individual · British · DOB 04/1978 · age 48
25–50%
—25-50% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated1997-10-03
Jurisdictionscotland
Primary SIC56301 — Licenced clubs

Registered office

12 Niddry Street South
Edinburgh
Lothian
EH1 1NS

Filing status

Accounts
Next due: 2027-08-31
Last made up to: 2025-11-30
Confirmation statement
Next due: 2026-05-07
Last: 2025-04-23

Officers (1 active · 8 resigned)

ROWAN, Norman Semark→
director · ~48y · appointed 2006-11-01
View their other companies + combined net worth →
Active
GRYCUK, Fiona Mackinnon→
secretary · appointed 1998-03-03 · resigned 2006-11-01
Resigned
MITCHELL, Ann Elizabeth→
secretary · appointed 2006-11-01 · resigned 2011-11-23
Resigned
MORTON FRASER SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1997-10-03 · resigned 1998-03-04
Resigned
ARNOTT, Robert Graeme→
director · ~69y · appointed 1998-03-03 · resigned 2006-11-01
Resigned
DOYLE, Kevin Michael→
director · ~79y · appointed 1998-03-03 · resigned 2006-11-01
Resigned
LAING, Thomas Fleming→
director · ~79y · appointed 2011-03-14 · resigned 2011-03-14
Resigned
LAING, Thomas Fleming→
director · ~79y · appointed 2011-03-14 · resigned 2011-03-14
Resigned
MORTON FRASER→
corporate-director · appointed 1997-10-03 · resigned 1998-03-04
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property19/12/2025—
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—10/11/2025—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (89 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-04-03