APARTMENTS EDINBURGH LTD

💤Zombieactive
SC252278 · ltd · incorporated 2003-07-04
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 Oct 2024
Net worth
£-289.1k
book net assets
Opportunity
75/100
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 75/100 (strong), bankability 70/100. Strong seller-intent signal (83/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 5 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

9 live charges · oldest 19.3y

45/100
under pressure

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

  • · Oldest live charge is 19.3 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
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
75 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £289,113

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£289k
↑ 2.2% YoY
Current Assets
£19
↓ 100% YoY
Current Liabilities
—
-£296k-£235k-£175k-£115k-£55k£5kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-10-312023-10-31
Total assets£-289.1k£-295.6k
Current assets£19£5.4k
Net assets£-289.1k£-295.6k

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 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2025-06-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-03-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-07-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-07-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-02-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2022-07-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-07-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2020-07-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2020-05-12
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  10. 2020-05-01
    ➖
    LINDSAY, Iain Johnston resigned
    secretary
  11. 2019-04-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2019-04-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2018-07-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-07-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-07-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-03-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2016-01-30
    🔓
    Charge satisfied #9
  18. 2016-01-30
    🔓
    Charge satisfied #8
  19. 2016-01-30
    🔓
    Charge satisfied #7
  20. 2016-01-30
    🔓
    Charge satisfied #4
  21. 2012-04-25
    ➖
    LINDSAY, Audrey Kathleen resigned
    director
  22. 2008-05-14
    ➖
    STORRIE, Colin Walker resigned
    director
  23. 2008-05-01
    ➕
    LINDSAY, Audrey Kathleen appointed
    director
  24. 2008-01-11
    🔒
    Charge registered #9
    Lender: Clydesdale Bank Public Limited Company
  25. 2008-01-11
    🔒
    Charge registered #8
    Lender: Clydesdale Bank Public Limited Company
  26. 2008-01-11
    🔒
    Charge registered #7
    Lender: Clydesdale Bank Public Limited Company
  27. 2007-07-13
    🔒
    Charge registered #6
    Lender: Clydesdale Bank Public Limited Company
  28. 2007-06-28
    🔒
    Charge registered #4
    Lender: Clydesdale Bank Public Limited Company
  29. 2007-06-27
    🔒
    Charge registered #5
    Lender: Clydesdale Bank Public Limited Company
  30. 2007-02-15
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  31. 2007-01-30
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  32. 2006-12-22
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  33. 2003-07-04
    🏢
    Company incorporated
    As APARTMENTS EDINBURGH LTD
  34. 2003-07-04
    ➕
    LINDSAY, Iain Johnston appointed
    director
  35. 2003-07-04
    ➕
    LINDSAY, Iain Johnston appointed
    secretary
  36. 2003-07-04
    ➕
    STORRIE, Colin Walker appointed
    director

Owner dependency

100/100
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 23 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

95/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • 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 23 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

1 med · 1 low
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.

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Iain Johnston Lindsay
Individual · Scottish · DOB 07/1960 · age 66
——sig. influencesignificant influence · firm interest01/01/2017

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 →

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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
Incorporated2003-07-04
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

The Boadroom
George Street
Perth
PH1 5JR
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2027-02-05
Last: 2026-01-22

Officers (1 active · 3 resigned)

LINDSAY, Iain Johnston→
director · ~66y · appointed 2003-07-04
View their other companies + combined net worth →
Active
LINDSAY, Iain Johnston→
secretary · appointed 2003-07-04 · resigned 2020-05-01
Resigned
LINDSAY, Audrey Kathleen→
director · ~66y · appointed 2008-05-01 · resigned 2012-04-25
Resigned
STORRIE, Colin Walker→
director · ~66y · appointed 2003-07-04 · resigned 2008-05-14
Resigned

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

Mortgages & charges

9
Total charges
5
Outstanding
1
Active lenders
Status:Lender:9 of 9 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property11/01/200830/01/2016
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property11/01/200830/01/2016
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property11/01/200830/01/2016
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property13/07/2007—
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property28/06/200730/01/2016
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property27/06/2007—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property15/02/2007—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property30/01/2007—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property22/12/2006—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (75 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-24
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-17
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-21
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-02-25
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-29
accounts-with-accounts-type-dormant
accounts · AA
2021-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-25
accounts-with-accounts-type-dormant
accounts · AA
2020-07-15
termination-secretary-company-with-name-termination-date
officers · TM02
2020-05-12