LORNE PROPERTIES LIMITED

💤Zombieactive
SC197898 · ltd · incorporated 1999-07-08
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 Apr 2025
Net worth
—
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 85/100. Strong seller-intent signal (65/100, director aged 58). 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 (73/100).

🏦

Refinance opportunity

23 live charges · 2 lenders · oldest 26.7y

30/100
under pressure

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

  • · Oldest live charge is 26.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
23 charges (23/23 with lender, 23/23 with type)
90
Directors & officers
11 officers (2 active, 11 linked, 8 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
133 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
69
Some moderate concerns — review 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£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-052024-04-05
Average employees00

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
0
filings
Last 90 days
1
filing
  • • 1 officers
Last 180 days
2
filings
  • • 1 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (84 events)Click to expand
  1. 2026-01-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-01-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2025-10-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-08-21
    ➖
    PETRIE, Roderick Mckenzie resigned
    director
  5. 2025-06-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2025-06-09
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2025-05-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2025-05-09
    ➖
    FARMER CBE, KCSG, Tom, Sir resigned
    director
  9. 2024-12-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2024-05-30
    ➕
    FARMER, John Phillip appointed
    director
  11. 2024-05-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2023-04-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2023-01-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2021-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-08-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-07-09
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2019-06-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-05-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2018-02-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2018-02-01
    🔓
    Charge satisfied #10
  21. 2017-12-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  22. 2017-12-28
    🔓
    Charge satisfied #24
  23. 2017-12-28
    🔓
    Charge satisfied #23
  24. 2017-12-28
    🔓
    Charge satisfied #20
  25. 2017-12-28
    🔓
    Charge satisfied #16
  26. 2017-12-28
    🔓
    Charge satisfied #15
  27. 2017-12-28
    🔓
    Charge satisfied #14
  28. 2017-12-28
    🔓
    Charge satisfied #12
  29. 2017-12-28
    🔓
    Charge satisfied #11
  30. 2017-12-28
    🔓
    Charge satisfied #6
  31. 2017-12-28
    🔓
    Charge satisfied #5
  32. 2017-12-28
    🔓
    Charge satisfied #4
  33. 2017-12-28
    🔓
    Charge satisfied #3
  34. 2017-12-28
    🔓
    Charge satisfied #2
  35. 2017-08-15
    🔓
    Charge satisfied #22
  36. 2017-08-15
    🔓
    Charge satisfied #21
  37. 2017-08-15
    🔓
    Charge satisfied #18
  38. 2017-08-15
    🔓
    Charge satisfied #17
  39. 2017-08-15
    🔓
    Charge satisfied #8
  40. 2017-08-15
    🔓
    Charge satisfied #1
  41. 2017-06-20
    🔓
    Charge satisfied #19
  42. 2017-06-20
    🔓
    Charge satisfied #9
  43. 2014-01-09
    🔒
    Charge registered #24
    Lender: Bank of Scotland PLC
  44. 2014-01-09
    🔒
    Charge registered #23
    Lender: Bank of Scotland PLC
  45. 2013-10-30
    🔒
    Charge registered #22
    Lender: Bank of Scotland PLC
  46. 2013-10-30
    🔒
    Charge registered #21
    Lender: Bank of Scotland PLC
  47. 2013-10-25
    🔒
    Charge registered #20
    Lender: Bank of Scotland PLC
  48. 2012-11-05
    🔒
    Charge registered #19
    Lender: Bank of Scotland PLC
  49. 2012-01-25
    ➕
    PETRIE, Roderick Mckenzie appointed
    director
  50. 2012-01-25
    ➖
    WATT, Benjamin Thomas resigned
    director
Showing most recent 50 of 84 events

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

2 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: FARMER CBE, KCSG, Tom, Sir resigned 2025-05-09; PETRIE, Roderick Mckenzie resigned 2025-08-21

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr John Phillip Farmer
Individual · British · DOB 06/1968 · age 58
——sig. influencesignificant influence · trust interest03/06/2025
2 historic (ceased) PSCs
  • Sir Tom Farmerceased 03/06/2025· significant influence · trust interest
  • Sir Thomas Farmerceased 09/07/2019· significant influence · trust interest

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

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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

7 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
Incorporated1999-07-08
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Maidencraig House /192
Queensferry Road
Edinburgh
EH4 2BN

Filing status

Accounts
Next due: 2027-01-05
Last made up to: 2025-04-05
Confirmation statement
Next due: 2026-07-22
Last: 2025-07-08

Officers (2 active · 9 resigned)

MCADAM, Mary Anne→
secretary · appointed 2008-12-15
View their other companies + combined net worth →
Active
FARMER, John Phillip→
director · ~58y · appointed 2024-05-30
View their other companies + combined net worth →
Active
ANDERSON STRATHERN→
corporate-secretary · appointed 1999-07-08 · resigned 2007-11-26
Resigned
AS COMPANY SERVICES LIMITED→
corporate-secretary · appointed 2007-11-26 · resigned 2008-12-15
Resigned
BROWN, Simon Thomas David→
director · ~66y · appointed 1999-07-08 · resigned 2008-12-11
Resigned
FARMER CBE, KCSG, Tom, Sir→
director · ~86y · appointed 2008-12-11 · resigned 2025-05-09
Resigned
KERR, John Neilson→
director · ~70y · appointed 1999-07-08 · resigned 1999-07-29
Resigned
MACQUEEN, Jonathan Rosedale Mardaunt→
director · ~76y · appointed 1999-07-29 · resigned 2010-08-06
Resigned
PETRIE, Roderick Mckenzie→
director · ~70y · appointed 2012-01-25 · resigned 2025-08-21
Resigned
PRINGLE, Aileen→
director · ~65y · appointed 2000-01-11 · resigned 2008-06-30
Resigned
WATT, Benjamin Thomas→
director · ~51y · appointed 2010-08-06 · resigned 2012-01-25
Resigned

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

Mortgages & charges

23
Total charges
0
Outstanding
0
Active lenders
Status:Lender:23 of 23 shown
TypeProperties
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property09/01/201428/12/2017
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property09/01/201428/12/2017
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property30/10/201315/08/2017
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property30/10/201315/08/2017
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property25/10/201328/12/2017
satisfied
Lloyds Banking Group
Bank of Scotland PLC
Floating charge1 property05/11/201220/06/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property31/05/200615/08/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security2 properties29/11/200515/08/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security3 properties16/11/200528/12/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property23/10/200328/12/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property17/10/200228/12/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property11/04/200201/06/2006
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property27/12/200128/12/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property27/12/200128/12/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property18/07/200001/02/2018
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property25/01/200020/06/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property08/11/199915/08/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property03/09/199928/12/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property02/09/199928/12/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property02/09/199928/12/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property02/09/199928/12/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property02/09/199928/12/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property03/08/199915/08/2017

Recent filings (133 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-01-28
accounts-with-accounts-type-dormant
accounts · AA
2026-01-19
change-person-director-company-with-change-date
officers · CH01
2025-10-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-06-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-06-09
termination-director-company-with-name-termination-date
officers · TM01
2025-05-13
accounts-with-accounts-type-dormant
accounts · AA
2024-12-17
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-21
appoint-person-director-company-with-name-date
officers · AP01
2024-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-21
accounts-with-accounts-type-dormant
accounts · AA
2023-04-28
accounts-with-accounts-type-dormant
accounts · AA
2023-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-21