FLAT HOMES LIMITED
💤Zombieactive
SC231996 · ltd · incorporated 2002-05-24
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
£459.7k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 73-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 73). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -84% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
2 live charges · oldest 13.3y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 13.3 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 1 with DOB)
74
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
63 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
82/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £459,666
Net assets shrinking
Down £38,909 YoY
Cash draining
Cash down 84% YoY
Cash YoY
-84%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£2k
↓ 84% YoY
Net Worth
£460k
↓ 7.8% YoY
Current Assets
£216k
↓ 15% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £503.2k | £542.1k |
| Current assets | £216.3k | £254.1k |
| Cash | £1.8k | £11.1k |
| Debtors | £214.5k | £243.0k |
| Net assets | £459.7k | £498.6k |
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
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2025-11-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-16📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-05-12➖STEWART, Ian Baillie resignedsecretary
- 2022-12-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-13📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-12-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-12-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-12-12📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-05-27📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-11-20📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-05-26📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-01-29🔒Charge registered #2Lender: Santander UK PLC
- 2013-01-17🔒Charge registered #1Lender: Santander UK PLC
- 2003-12-31➕STEWART, Ian Baillie appointedsecretary
- 2003-12-31➖TODD, Eleanor Elizabeth resignedsecretary
- 2002-07-04➕LINTON, Bruce Reid appointeddirector
- 2002-07-04➕TODD, Eleanor Elizabeth appointedsecretary
- 2002-07-04➖MESSRS THORNTONS WS resignedcorporate-nominee-secretary
- 2002-07-04➖HUTCHESON, Iain Henderson resignednominee-director
- 2002-05-24🏢Company incorporatedAs FLAT HOMES LIMITED
- 2002-05-24➕MESSRS THORNTONS WS appointedcorporate-nominee-secretary
- 2002-05-24➕HUTCHESON, Iain Henderson appointednominee-director
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 24 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 73 — succession pressure is live.
Succession & seller-readiness
100/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
- 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.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo 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 Bruce Reid Linton Individual · British · DOB 09/1953 · age 73 | — | — | sig. influencesignificant influence · trust interest | 24/05/2017 |
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| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A & S RETAIL INVESTMENTS LTD→ SC558411 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| A S DUNDEE PROPERTIES LTD→ SC860380 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AMKE PROPERTY LTD→ SC630777 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ANGUS GLEN PROPERTIES LTD→ SC611076 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ANREALESTATE LTD→ SC757991 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ANRG DUNDEE LIMITED→ SC555759 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| ARBROATH CHIPPY LTD→ SC817175 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ASPEN JOINERS PROPERTY LTD→ SC837886 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AYMAAR LTD→ SC756566 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| B & KM INVESTMENTS LIMITED→ SC825580 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BALSTORE PROPERTIES LIMITED→ SC687808 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| BARAS INVESTMENTS LTD→ SC411354 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
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
Incorporated2002-05-24
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Bannerman House
27 South Tay Street
Dundee
DD1 1NR
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-11
Last: 2025-05-28
Officers (1 active · 4 resigned)
LINTON, Bruce Reid→
Activedirector · ~73y · appointed 2002-07-04
View their other companies + combined net worth →
STEWART, Ian Baillie→
Resignedsecretary · appointed 2003-12-31 · resigned 2023-05-12
TODD, Eleanor Elizabeth→
Resignedsecretary · appointed 2002-07-04 · resigned 2003-12-31
MESSRS THORNTONS WS→
Resignedcorporate-nominee-secretary · appointed 2002-05-24 · resigned 2002-07-04
HUTCHESON, Iain Henderson→
Resignednominee-director · appointed 2002-05-24 · resigned 2002-07-04
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Santander Santander UK PLC | Standard security | 1 property | 29/01/2013 | — | |
| outstanding | Santander Santander UK PLC | Bond & floating charge | 1 property | 17/01/2013 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (63 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-19
termination-secretary-company-with-name-termination-date
officers · TM02
2023-06-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-01-13