NORTHERN INVESTMENTS MANAGEMENT LTD.
💤Zombieactive
SC237566 · ltd · incorporated 2002-10-02
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£34.8k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Management of real estate on a fee or contract basis
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 76-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 76). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
4 live charges · 2 lenders · oldest 22.8y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 22.8 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
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
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 1 with DOB)
73
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
6 connected companies via shared directors
63
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 · FRS 105 (micro)Positive net assets
Net assets £34,819
Net assets shrinking
Down £15,406 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£35k
↓ 31% YoY
Current Assets
£83k
↓ 3.7% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £36.0k | £51.4k |
| Current assets | £83.4k | £86.6k |
| Net assets | £34.8k | £50.2k |
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 (31 events)Click to expand
- 2025-12-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-12-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-07-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-08-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-03-02➕ROBERTSON, Malcolm John appointedsecretary
- 2022-03-02📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2021-09-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-09-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-09-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-09-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-09-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-11-20📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2017-08-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-06-21📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-11-11📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-09-11📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-09-30➖MORTIMER, Iain James resignedsecretary
- 2008-06-19➕MORTIMER, Iain James appointedsecretary
- 2008-06-19➖ROBERTSON, Maureen Isabel Jane resignedsecretary
- 2006-03-14🔓Charge satisfied #1
- 2006-02-28🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 2006-01-10🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2003-09-25➕ROBERTSON, Callum Uisdean Donald appointeddirector
- 2003-09-25➕ROBERTSON, Maureen Isabel Jane appointedsecretary
- 2003-08-19🔒Charge registered #2Lender: The Governor and Company of the Bank of Scotland
- 2003-08-19🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 2002-10-02🏢Company incorporatedAs NORTHERN INVESTMENTS MANAGEMENT LTD.
- 2002-10-02➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2002-10-02➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2002-10-02➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
- 2002-10-02➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-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 23 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 76 — 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 76 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 23 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
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Callum Uisdean Donald Robertson Individual · British · DOB 07/1950 · age 76 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
Mr Callum Uisdean Donald Robertson Individual · British · DOB 07/1950 · age 76 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
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 · IV postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BLAVEN LIMITED→ SC160238 · est 1995 | £1.94M £1.65M–£2.24M | — | £1.94M | — | 30y | 83 | 73y |
| REDDLEMAN PROPERTIES LIMITED→ SC210065 · est 2000 | £1.04M £882.8k–£1.19M | — | £1.04M | — | 25y | 82 | 61y |
| PURESURF LIMITED→ SC186167 · est 1998 | £839.5k £713.6k–£965.4k | — | £839.5k | — | 28y | 82 | 65y |
| GLENVICASKILL DEVELOPMENTS LIMITED→ SC235334 · est 2002 | £658.2k £559.5k–£756.9k | — | £658.2k | — | 23y | 82 | 82y |
| W. & A.B. RICHARDSON LIMITED→ SC022381 · est 1943 | £561.0k £476.8k–£645.1k | — | £561.0k | — | 83y | 82 | 63y |
| GEDDES PROPERTIES (NAIRN) LIMITED→ SC141250 · est 1992 | £538.2k £457.5k–£618.9k | — | £538.2k | — | 33y | 82 | 65y |
| FINDHORN SALMON FISHINGS LIMITED→ SC030593 · est 1955 | £291.2k £247.5k–£334.9k | — | £291.2k | — | 71y | 82 | 77y |
| FAIRFIELD PROPERTIES (INVERNESS) LTD.→ SC244714 · est 2003 | £217.0k £184.5k–£249.6k | — | £217.0k | — | 23y | 82 | 75y |
| NORTHLANDS PROPERTIES LIMITED→ SC195787 · est 1999 | £214.5k £182.3k–£246.6k | — | £214.5k | — | 27y | 83 | 59y |
| CRUACHAN FLATS LIMITED→ SC242899 · est 2003 | £148.1k £125.9k–£170.3k | — | £148.1k | — | 23y | 82 | 77y |
| BELVOIR LETTINGS (MORAY) LTD→ SC302163 · est 2006 | £124.4k £105.7k–£143.0k | — | £124.4k | — | 20y | 82 | 67y |
| CAMERON HARRIS LTD.→ SC241344 · est 2002 | £93.0k £79.0k–£106.9k | — | £93.0k | — | 23y | 82 | 78y |
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
Incorporated2002-10-02
Jurisdictionscotland
Primary SIC68320 — Management of real estate on a fee or contract basis
Registered office
Shore Road
Tain
Ross-Shire
IV19 1HY
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-16
Last: 2025-10-02
Officers (2 active · 4 resigned)
ROBERTSON, Malcolm John→
Activesecretary · appointed 2022-03-02
View their other companies + combined net worth →
ROBERTSON, Callum Uisdean Donald→
Activedirector · ~76y · appointed 2003-09-25
View their other companies + combined net worth →
MORTIMER, Iain James→
Resignedsecretary · appointed 2008-06-19 · resigned 2009-09-30
ROBERTSON, Maureen Isabel Jane→
Resignedsecretary · appointed 2003-09-25 · resigned 2008-06-19
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2002-10-02 · resigned 2002-10-02
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2002-10-02 · resigned 2002-10-02
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
3
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Legal charge | 1 property | 28/02/2006 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 10/01/2006 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Legal charge | 1 property | 19/08/2003 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 19/08/2003 | 14/03/2006 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (63 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-07
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-19
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-28
confirmation-statement-with-updates
confirmation-statement · CS01
2022-10-03
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-30
appoint-person-secretary-company-with-name-date
officers · AP03
2022-03-02
confirmation-statement-with-updates
confirmation-statement · CS01
2021-10-05
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-03
confirmation-statement-with-updates
confirmation-statement · CS01
2020-10-04
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-14
confirmation-statement-with-updates
confirmation-statement · CS01
2019-10-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-09-24