ATHOLLS LIMITED

💤Zombieactive
SC324592 · ltd · incorporated 2007-05-30
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 Jun 2024
Net worth
£-98.3k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 79). 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 (73/100).

Data confidence

Overall: medium (72/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
15 officers (2 active, 15 linked, 12 with DOB)
86
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
81 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £98,346

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
-£98k
Current Assets
£602k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-06-30
Total assets£-80.6k
Current assets£602.5k
Net assets£-98.3k

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
3
filings
  • 1 officers
  • 1 resolution
  • 1 incorporation
Last 90 days
3
filings
  • 1 officers
  • 1 resolution
  • 1 incorporation
Last 180 days
4
filings
  • 1 officers
  • 1 resolution
  • 1 incorporation
Counts from Companies House filing history.
Corporate timeline (49 events)Click to expand
  1. 2026-04-15
    SUTTIE, David Anderson resigned
    director
  2. 2026-04-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-04-09
    📄
    resolution
    resolution · RESOLUTIONS
  4. 2026-04-08
    📄
    memorandum-articles
    incorporation · MA
  5. 2025-12-04
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  6. 2025-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-07-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2024-07-23
    SUTTIE, David Anderson appointed
    director
  9. 2024-05-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2024-05-17
    CHEYNE, Kenneth Andrew resigned
    director
  11. 2024-05-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2024-05-13
    WALKER, Linda May resigned
    director
  13. 2024-05-07
    WALKER, Linda May appointed
    director
  14. 2024-05-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2024-03-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2024-01-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2023-06-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2023-06-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2023-06-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2023-06-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  21. 2023-06-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  22. 2023-02-23
    MAIR, Jacqueline Susan resigned
    director
  23. 2023-02-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2022-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2021-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2020-10-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  27. 2020-07-01
    CHEYNE, Kenneth Andrew appointed
    director
  28. 2014-12-31
    FETTES, Gordon Hayden resigned
    director
  29. 2012-08-01
    FETTES, Gordon Hayden appointed
    director
  30. 2012-06-30
    HENDERSON, Stuart Robert resigned
    director
  31. 2012-06-30
    POPE, Caroline Margaret resigned
    director
  32. 2012-06-30
    SMITH, Brian David resigned
    director
  33. 2011-11-01
    MAIR, Jacqueline Susan appointed
    director
  34. 2011-07-31
    BOWIE, Graeme Fraser resigned
    director
  35. 2011-07-01
    HENDERSON, Stuart Robert appointed
    director
  36. 2011-07-01
    POPE, Caroline Margaret appointed
    director
  37. 2010-06-01
    FETTES, Gordon Hayden resigned
    director
  38. 2010-01-29
    LC SECRETARIES LIMITED appointed
    corporate-secretary
  39. 2010-01-29
    STRONACHS SECRETARIES LIMITED resigned
    corporate-secretary
  40. 2008-06-12
    STRONACHS resigned
    corporate-nominee-secretary
  41. 2008-06-12
    STRONACHS SECRETARIES LIMITED appointed
    corporate-secretary
  42. 2007-08-07
    WALKER, Alastair Bruce appointed
    director
  43. 2007-08-07
    BOWIE, Graeme Fraser appointed
    director
  44. 2007-08-07
    FETTES, Gordon Hayden appointed
    director
  45. 2007-08-07
    NEILSON, Ewan Craig resigned
    nominee-director
  46. 2007-08-07
    SMITH, Brian David appointed
    director
  47. 2007-05-30
    🏢
    Company incorporated
    As ATHOLLS LIMITED
  48. 2007-05-30
    STRONACHS appointed
    corporate-nominee-secretary
  49. 2007-05-30
    NEILSON, Ewan Craig appointed
    nominee-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 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 79 — succession pressure is live.

Succession & seller-readiness

98/100
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 79 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Kenneth Andrew Cheyne
Individual · Scottish · DOB 08/1980 · age 46
2550%
25–50%25-50% shares · 25-50% voting28/09/2020
Jacqueline Susan Mair
Individual · British · DOB 09/1967 · age 59
2550%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Alastair Bruce Walker
Individual · British · DOB 08/1947 · age 79
2550%
25–50%25-50% shares · 25-50% voting06/04/2016

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 →

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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
Incorporated2007-05-30
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Johnstone House
52-54 Rose Street
Aberdeen
AB10 1HA

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-06-13
Last: 2025-05-30

Officers (2 active · 13 resigned)

LC SECRETARIES LIMITED
corporate-secretary · appointed 2010-01-29
View their other companies + combined net worth →
Active
WALKER, Alastair Bruce
director · ~79y · appointed 2007-08-07
View their other companies + combined net worth →
Active
STRONACHS
corporate-nominee-secretary · appointed 2007-05-30 · resigned 2008-06-12
Resigned
STRONACHS SECRETARIES LIMITED
corporate-secretary · appointed 2008-06-12 · resigned 2010-01-29
Resigned
BOWIE, Graeme Fraser
director · ~72y · appointed 2007-08-07 · resigned 2011-07-31
Resigned
CHEYNE, Kenneth Andrew
director · ~46y · appointed 2020-07-01 · resigned 2024-05-17
Resigned
FETTES, Gordon Hayden
director · ~73y · appointed 2012-08-01 · resigned 2014-12-31
Resigned
FETTES, Gordon Hayden
director · ~73y · appointed 2007-08-07 · resigned 2010-06-01
Resigned
HENDERSON, Stuart Robert
director · ~50y · appointed 2011-07-01 · resigned 2012-06-30
Resigned
MAIR, Jacqueline Susan
director · ~59y · appointed 2011-11-01 · resigned 2023-02-23
Resigned
NEILSON, Ewan Craig
nominee-director · ~68y · appointed 2007-05-30 · resigned 2007-08-07
Resigned
POPE, Caroline Margaret
director · ~65y · appointed 2011-07-01 · resigned 2012-06-30
Resigned
SMITH, Brian David
director · ~65y · appointed 2007-08-07 · resigned 2012-06-30
Resigned
SUTTIE, David Anderson
director · ~72y · appointed 2024-07-23 · resigned 2026-04-15
Resigned
WALKER, Linda May
director · ~71y · appointed 2024-05-07 · resigned 2024-05-13
Resigned

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

Recent filings (81 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-04-15
resolution
resolution · RESOLUTIONS
2026-04-09
memorandum-articles
incorporation · MA
2026-04-08
change-account-reference-date-company-current-extended
accounts · AA01
2025-12-04
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-02
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-27
appoint-person-director-company-with-name-date
officers · AP01
2024-07-24
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-30
termination-director-company-with-name-termination-date
officers · TM01
2024-05-20
termination-director-company-with-name-termination-date
officers · TM01
2024-05-15
appoint-person-director-company-with-name-date
officers · AP01
2024-05-07
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-01-10
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-02