ZARS LIMITED

🌳Matureactive

SC230094 · ltd · incorporated 2002-04-09

Investment thesis

Property vehicle with leveraged stack — refinance / partial-release angle.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 23.9y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Apr 2025

Net worth

£3.33M

book net assets

Opportunity

83/100

Exceptional

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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

Asset-holding vehicle with a 76-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 85/100. Strong seller-intent signal (73/100, director aged 76). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 23.9y

70/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 23.9 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (79/100)

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

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

7 officers (5 active, 7 linked, 5 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

2 connected companies via shared directors

Filing history

71 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £3,326,386

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£3.3m

↑ 6.3% YoY

Current Assets

£263k

↑ 122% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-04-30	2024-04-30
Total assets	£3.33M	£3.14M
Current assets	£263.3k	£118.7k
Net assets	£3.33M	£3.13M

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

Recent activity

Last 30 days

filings

Last 90 days

filings

• 2 persons-with-significant-control
• 2 officers
• 1 confirmation-statement

Last 180 days

filings

• 2 persons-with-significant-control
• 2 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (32 events)Click to expand

2026-04-13
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-04-13
📄
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2026-03-27
➕
GANI, Zarina appointed
director
2026-03-27
➖
GANI, Zarina resigned
director
2026-03-27
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-03-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-12-06
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-11
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-01-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-08-01
📄
mortgage-satisfy-charge-full
mortgage · MR04
2018-08-01
📄
mortgage-satisfy-charge-full
mortgage · MR04
2018-08-01
🔓
Charge satisfied #3
2018-08-01
🔓
Charge satisfied #1
2018-01-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-10-30
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2015-10-12
🔒
Charge registered #3
Lender: Popinder Pal Jassal Shakuntla Devi Jassal
2005-04-29
🔓
Charge satisfied #2
2003-07-25
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2003-04-01
➕
GANI, Abdul Kader appointed
director
2003-04-01
➕
GANI, Zarina appointed
director
2002-07-10
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2002-04-09
🏢
Company incorporated
As ZARS LIMITED
2002-04-09
➕
GANI, Sumeya Zakir appointed
secretary
2002-04-09
➕
GANI, Sumeya Zakir appointed
director
2002-04-09
➕
GANI, Zakir Abdul Kader appointed
director
2002-04-09
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
2002-04-09
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 76 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 76 years old. Natural succession window is now.
primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
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

Name	Shares	Voting rights	Nature of control	Notified
Mr Abdul Kader Gani Individual · British · DOB 08/1950 · age 76	25–50%	—	25-50% shares	07/04/2026

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 →

Similar companies

Active · Property · DD postcode area

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J & E NOMINEES LIMITED→ SC237007 · est 2002	£3.06M £2.60M–£3.52M	—	£3.06M	—	23y	83	66y
ABZCO LTD.→ SC223809 · est 2001	£655.5k £557.2k–£753.9k	—	£655.5k	—	24y	82	77y
MNA (SCOTLAND) LIMITED→ SC283813 · est 2005	£637.9k £542.2k–£733.6k	—	£637.9k	—	21y	83	60y
ENGINEERING SPREADSHEETS LTD.→ SC302290 · est 2006	£620.6k £527.5k–£713.7k	—	£620.6k	—	20y	82	66y
FLAT HOMES LIMITED→ SC231996 · est 2002	£459.7k £390.7k–£528.6k	—	£459.7k	—	24y	82	73y
JAMES KEILLER DEVELOPMENTS LIMITED→ SC263698 · est 2004	£298.7k £253.9k–£343.5k	—	£298.7k	—	22y	82	73y
A & K PROPERTIES LIMITED→ SC199663 · est 1999	£78.2k £66.4k–£89.9k	—	£78.2k	—	26y	82	71y
STATION WORKS PROPERTIES LTD.→ SC083127 · est 1983	£39.9k £33.9k–£45.9k	—	£39.9k	—	43y	83	79y
ASSETFAIR LIMITED→ SC195393 · est 1999	£39.4k £33.5k–£45.3k	—	£39.4k	—	27y	82	74y
GILLANDER PROPERTIES LIMITED→ SC298431 · est 2006	£38.8k £33.0k–£44.7k	—	£38.8k	—	20y	82	74y
FIRST CHOICE LETS LIMITED→ SC281124 · est 2005	£36.5k £31.0k–£41.9k	—	£36.5k	—	21y	82	65y
FOCALSTREAM LIMITED→ SC369889 · est 2009	£24.9k £21.2k–£28.7k	—	£24.9k	—	16y	82	73y

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

Incorporated2002-04-09

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

164 Nethergate

Dundee

DD1 4EE

Scotland

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2027-04-23

Last: 2026-04-09