1LET LIMITED
💤Zombieactive
SC317107 · ltd · incorporated 2007-02-22
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
74/100
Strong
What this business does
Primary activity: Management of real estate on a fee or contract basis
Sector: Real estate
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: medium (77/100)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
Confirmed no charges registered
85
Directors & officers
7 officers (2 active, 7 linked, 5 with DOB)
84
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
65 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 1100 | 1200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
- 2025-06-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-22📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2023-05-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-01➕BELL, Natalie appointedsecretary
- 2022-08-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-22📄change-person-director-company-with-change-dateofficers · CH01
- 2021-12-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2021-12-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-12-22📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-12-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-12-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-12-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-12-17➖MCLEAN-FOREMAN, Fiona Mary resignedsecretary
- 2021-12-17➖MCLEAN-FOREMAN, Ewan Laing resigneddirector
- 2021-12-17➖MCLEAN-FOREMAN, Fiona Mary resigneddirector
- 2021-11-25➕BELL, Kenneth appointeddirector
- 2021-11-25📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-11-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-05📄change-person-director-company-with-change-dateofficers · CH01
- 2021-03-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-03-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-03-05📄change-person-director-company-with-change-dateofficers · CH01
- 2020-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-02-19➖BELL, Kenneth resigneddirector
- 2017-10-02➕BELL, Kenneth appointeddirector
- 2017-10-02➕WHORISKEY, Brigid appointeddirector
- 2017-10-02➖WHORISKEY, Brigid resigneddirector
- 2007-02-22🏢Company incorporatedAs 1LET LIMITED
- 2007-02-22➕MCLEAN-FOREMAN, Fiona Mary appointedsecretary
- 2007-02-22➕MCLEAN-FOREMAN, Ewan Laing appointeddirector
- 2007-02-22➕MCLEAN-FOREMAN, Fiona Mary appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
55/100
Strong succession signalMultiple 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.
- secondaryStable-but-static management: Company is 19 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Bell Investment Group is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Bell Investment Group
Corporate parent · holds 75-100% shares · board control
⬇
1LET LIMITED
This company · SC317107
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Bell Investment Group Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 17/12/2021 |
2 historic (ceased) PSCs
- Mr Ewan Laing Mclean-Foremanceased 17/12/2021· 50-75% voting · board control
- Mrs Fiona Mary Mclean-Foremanceased 17/12/2021· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A&J PROPERTY SERVE LTD→ SC853753 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ACTIVE TULZ REAL ESTATE LTD→ SC816481 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ADAERO PROPERTY INVESTMENTS LIMITED→ SC528527 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| ADAM PROPERTY INVESTMENTS LTD→ SC836622 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ADDISON HOMES LTD→ SC645633 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ADDSL LIMITED→ SC419341 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| AFIYA INVESTMENTS LTD→ SC778787 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AFORD PROPERTY LTD→ SC630166 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AGP DEVELOPMENTS LTD→ SC796616 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AIR PROPERTY GROUP LTD→ SC659657 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AIRDS CAPITAL LIMITED→ SC612323 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AISLING CAPITAL VENTURES LIMITED→ SC589539 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
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
Incorporated2007-02-22
Jurisdictionscotland
Primary SIC68320 — Management of real estate on a fee or contract basis
Registered office
20a Manor Place
Edinburgh
EH3 7DS
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-19
Last: 2026-02-05
Officers (2 active · 5 resigned)
Active
BELL, Kenneth→
Activedirector · ~47y · appointed 2021-11-25
View their other companies + combined net worth →
MCLEAN-FOREMAN, Fiona Mary→
Resignedsecretary · appointed 2007-02-22 · resigned 2021-12-17
BELL, Kenneth→
Resigneddirector · ~47y · appointed 2017-10-02 · resigned 2019-02-19
MCLEAN-FOREMAN, Ewan Laing→
Resigneddirector · ~65y · appointed 2007-02-22 · resigned 2021-12-17
MCLEAN-FOREMAN, Fiona Mary→
Resigneddirector · ~62y · appointed 2007-02-22 · resigned 2021-12-17
WHORISKEY, Brigid→
Resigneddirector · ~64y · appointed 2017-10-02 · resigned 2017-10-02
Click a director name to see their full track record across all companies.
Recent filings (65 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-26
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-02
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-22
appoint-person-secretary-company-with-name-date
officers · AP03
2024-02-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-30
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-10
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-22
change-person-director-company-with-change-date
officers · CH01
2022-02-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2021-12-22
termination-director-company-with-name-termination-date
officers · TM01
2021-12-22
termination-secretary-company-with-name-termination-date
officers · TM02
2021-12-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-12-22