DRUMMOND PROPERTIES LIMITED

💤Zombieactive
SC229668 · ltd · incorporated 2002-03-27
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 Mar 2025
Net worth
—
book net assets
Opportunity
66/100
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
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 66/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

15 live charges · 3 lenders · oldest 23.7y

15/100
under pressure

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

  • · Oldest live charge is 23.7 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (76/100)

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
15 charges (15/15 with lender, 15/15 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 2 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
91 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
60
Some acquirability indicators.
Risk profile
59
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£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees10

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
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (55 events)Click to expand
  1. 2025-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-07-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-11-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-03-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2019-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-08-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2016-12-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-04-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2016-01-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-03-31
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-12-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2014-03-31
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2013-05-23
    🔓
    Charge satisfied #12
  18. 2013-05-23
    🔓
    Charge satisfied #11
  19. 2013-05-23
    🔓
    Charge satisfied #10
  20. 2013-05-23
    🔓
    Charge satisfied #9
  21. 2013-05-23
    🔓
    Charge satisfied #8
  22. 2013-05-23
    🔓
    Charge satisfied #7
  23. 2013-05-23
    🔓
    Charge satisfied #6
  24. 2013-05-23
    🔓
    Charge satisfied #2
  25. 2013-05-23
    🔓
    Charge satisfied #5
  26. 2013-05-23
    🔓
    Charge satisfied #4
  27. 2013-05-23
    🔓
    Charge satisfied #3
  28. 2013-04-24
    🔒
    Charge registered #15
    Lender: Shawbrook Bank Limited
  29. 2013-04-24
    🔒
    Charge registered #14
    Lender: Shawbrook Bank Limited
  30. 2013-04-24
    🔒
    Charge registered #13
    Lender: Shawbrook Bank Limited
  31. 2013-04-22
    🔓
    Charge satisfied #1
  32. 2008-06-03
    ➖
    MCGRATH, Lindsay resigned
    secretary
  33. 2007-09-28
    🔒
    Charge registered #12
    Lender: Clydesdale Bank Public Limited Company
  34. 2007-09-28
    🔒
    Charge registered #11
    Lender: Clydesdale Bank Public Limited Company
  35. 2007-09-28
    🔒
    Charge registered #10
    Lender: Clydesdale Bank Public Limited Company
  36. 2007-09-28
    🔒
    Charge registered #9
    Lender: Clydesdale Bank Public Limited Company
  37. 2007-09-28
    🔒
    Charge registered #8
    Lender: Clydesdale Bank Public Limited Company
  38. 2007-08-05
    🔒
    Charge registered #7
    Lender: Clydesdale Bank Public Limited Company
  39. 2007-07-04
    ➖
    MCKENNA, Lee Michael resigned
    secretary
  40. 2004-08-16
    ➕
    MCGRATH, Lindsay appointed
    secretary
  41. 2004-08-16
    ➖
    MACDONALD, Faye resigned
    director
  42. 2003-10-06
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
  43. 2002-08-15
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  44. 2002-08-13
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  45. 2002-08-13
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  46. 2002-08-13
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  47. 2002-07-30
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  48. 2002-03-27
    🏢
    Company incorporated
    As DRUMMOND PROPERTIES LIMITED
  49. 2002-03-27
    ➕
    MCKENNA, Lee Michael appointed
    director
  50. 2002-03-27
    ➕
    MCKENNA, Lee Michael appointed
    secretary
Showing most recent 50 of 55 events

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 24 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

70/100
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.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high · 1 med ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-10

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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Lee Michael Mckenna
Individual · British · DOB 02/1970 · age 56
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

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

9 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
Incorporated2002-03-27
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

2 Marshall Place
Perth
Perthshire
PH2 8AH

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-04-10OVERDUE
Last: 2025-03-27

Officers (1 active · 5 resigned)

MCKENNA, Lee Michael→
director · ~56y · appointed 2002-03-27
View their other companies + combined net worth →
Active
MCGRATH, Lindsay→
secretary · appointed 2004-08-16 · resigned 2008-06-03
Resigned
MCKENNA, Lee Michael→
secretary · appointed 2002-03-27 · resigned 2007-07-04
Resigned
FIRST SCOTTISH SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2002-03-27 · resigned 2002-03-27
Resigned
MACDONALD, Faye→
director · ~51y · appointed 2002-03-27 · resigned 2004-08-16
Resigned
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→
corporate-nominee-director · appointed 2002-03-27 · resigned 2002-03-27
Resigned

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

Mortgages & charges

15
Total charges
3
Outstanding
1
Active lenders
Status:Lender:15 of 15 shown
TypeProperties
outstanding
Shawbrook
Shawbrook Bank Limited
A registered charge1 property24/04/2013—
outstanding
Shawbrook
Shawbrook Bank Limited
A registered charge1 property24/04/2013—
outstanding
Shawbrook
Shawbrook Bank Limited
A registered charge1 property24/04/2013—
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property28/09/200723/05/2013
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property28/09/200723/05/2013
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property28/09/200723/05/2013
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property28/09/200723/05/2013
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property28/09/200723/05/2013
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property05/08/200723/05/2013
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property06/10/200323/05/2013
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property15/08/200223/05/2013
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/08/200223/05/2013
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/08/200223/05/2013
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/08/200223/05/2013
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property30/07/200222/04/2013
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (91 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-30
change-person-director-company-with-change-date
officers · CH01
2020-03-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-04-02