ERROL GROUND LTD.
💤Zombieactive
SC400709 · ltd · incorporated 2011-06-01
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 Sept 2024
Net worth
£1.61M
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 72/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
10 live charges · 5 lenders · oldest 10.8y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 10.8 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (81/100)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
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
58 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
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
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 £1,611,083
Net assets shrinking
Down £111,569 YoY
Cash YoY
+222%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£97k
↑ 222% YoY
Net Worth
£1.6m
↓ 6.5% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Cash | £96.5k | £30.0k |
| Net assets | £1.61M | £1.72M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
4 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
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
- 2025-06-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-06-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-06-24🔒Charge registered #10Lender: Df Capital Bank Limited
- 2025-06-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-23🔓Charge satisfied #8
- 2025-06-23🔓Charge satisfied #7
- 2025-06-20🔒Charge registered #9Lender: Df Capital Bank Limited
- 2025-05-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-07📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-01-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-11-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-29🔓Charge satisfied #6
- 2024-07-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-07-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-07-26🔓Charge satisfied #5
- 2024-07-26🔓Charge satisfied #4
- 2024-07-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-28🔒Charge registered #8Lender: A Shade Greener Finance Limited
- 2024-06-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-20🔒Charge registered #7Lender: A Shade Greener Finance Limited
- 2023-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-20📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-06-20📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-06-19📄change-person-director-company-with-change-dateofficers · CH01
- 2023-06-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-10-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-01-17🔓Charge satisfied #3
- 2022-01-17🔓Charge satisfied #2
- 2021-12-22🔒Charge registered #6Lender: Together Commercial Finance Limited
- 2021-12-22🔒Charge registered #5Lender: Together Commercial Finance Limited
- 2021-12-21🔒Charge registered #4Lender: Together Commercial Finance Limited
- 2017-11-02🔒Charge registered #3Lender: Hsbc Bank PLC
- 2017-09-20🔒Charge registered #2Lender: Hsbc Bank PLC
- 2017-07-19🔓Charge satisfied #1
- 2015-07-23🔒Charge registered #1Lender: Aldermore Bank PLC
- 2011-06-01🏢Company incorporatedAs ERROL GROUND LTD.
- 2011-06-01➕SIM, Roderick Michael appointeddirector
Owner dependency
80/100
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.
- +No director turnover: Company is 15 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
58/100
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.
- secondary12+ year tenure: Director in role 15 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Roderick Michael Sim Individual · British · DOB 05/1978 · age 48 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 02/06/2016 |
1 historic (ceased) PSC
- Mrs Adelle Simceased 19/10/2024· 25-50% shares · 25-50% voting
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 · PH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| D.M. MACKINNON ESTATES LTD.→ SC239892 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| DC PROPERTY (SCOTLAND) LTD→ SC770715 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| E M PROPERTIES (SCOTLAND) LTD→ SC851154 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ELMCLIFF LIMITED→ SC151114 · est 1994 · no financials extracted | — | — | — | — | 31y | — | — |
| EMBDEN INVESTMENTS (3) LIMITED→ SC293942 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| EMBDEN INVESTMENTS (6) LIMITED→ SC318888 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| EMBDEN INVESTMENTS 12 LIMITED→ SC414176 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| ESKHILL SERVICES LTD→ SC860225 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ETCHACHAN PROPERTY LIMITED→ SC762240 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| EVERT PROPERTY LIMITED→ SC187426 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| F25HOMES LTD→ SC883939 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| FAIRLIE AC SIXTEEN LIMITED→ SC846408 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2011-06-01
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Silverwood
Inchcoonans
Errol
PH2 7RB
United Kingdom
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-01-21
Last: 2026-01-07
Officers (1 active · 0 resigned)
SIM, Roderick Michael→
Activedirector · ~48y · appointed 2011-06-01
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
10
Total charges
2
Outstanding
1
Active lenders
Status:Lender:10 of 10 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Df Capital Bank Df Capital Bank Limited | A registered charge | 1 property | 24/06/2025 | — | |
| outstanding | Df Capital Bank Df Capital Bank Limited | A registered charge | 1 property | 20/06/2025 | — | |
| satisfied | A Shade Greener Finance A Shade Greener Finance Limited | A registered charge | 1 property | 28/06/2024 | 23/06/2025 | |
| satisfied | A Shade Greener Finance A Shade Greener Finance Limited | A registered charge | — | 20/06/2024 | 23/06/2025 | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 22/12/2021 | 29/11/2024 | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 22/12/2021 | 26/07/2024 | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | — | 21/12/2021 | 26/07/2024 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 02/11/2017 | 17/01/2022 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 20/09/2017 | 17/01/2022 | |
| satisfied | Aldermore Aldermore Bank PLC | A registered charge | — | 23/07/2015 | 19/07/2017 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (58 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-26
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-23
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-06
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-01-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-01-07
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-29
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-26
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-27