L M DUNDEE LIMITED

💤Zombieactive
SC452109 · ltd · incorporated 2013-06-12
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 2025
Net worth
£1.7k
book net assets
Opportunity
73/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Financial intermediation not elsewhere classified
Sector: Financial & insurance
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 73/100 (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: strategic trade sale (65/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
27 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
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
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,729

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£2k
↑ 1417% YoY
Current Assets
£13k
↓ 63% YoY
Current Liabilities
—
£0£7k£14k£20k£27k£34kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£1.7k£114
Current assets£12.5k£34.1k
Net assets£1.7k£114

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-07-04
    📄
    capital-allotment-shares
    capital · SH01
  3. 2025-03-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-03-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-03-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-03-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-06-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-03-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2017-07-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2017-03-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2016-07-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-09-11
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-06-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2014-11-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2013-06-12
    🏢
    Company incorporated
    As L M DUNDEE LIMITED
  18. 2013-06-12
    ➕
    MCKELVIE, Lee Johnston appointed
    director

Owner dependency

80/100
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.
  • +No director turnover: Company is 13 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

58/100
Strong succession signal

Multiple 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 13 years.
  • 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Lee Johnston Mckelvie
Individual · British · DOB 03/1976 · age 50
75–100%
—75-100% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Financial services · DD postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ALLIANCE WITAN PLC→
SC001731 · est 1888 · no financials extracted
————137y——
FLATS 4 U LIMITED→
SC145404 · est 1993 · no financials extracted
————32y——
GARRY HAY INSURE LTD→
SC650095 · est 2019 · no financials extracted
————6y——
GRAVITAS PENSION SCHEME LIMITED→
SC433410 · est 2012 · no financials extracted
————13y——
INTELLIGENT MORTGAGE SERVICES LIMITED→
SC241484 · est 2002 · no financials extracted
————23y——
JP MAXWELL FINANCIAL MANAGEMENT LTD→
SC565531 · est 2017 · no financials extracted
————8y——
JP MAXWELL WEALTH MANAGEMENT LTD→
SC574312 · est 2017 · no financials extracted
————8y——
KAIZEN DEVELOPMENT GROUP LIMITED→
SC839301 · est 2025 · no financials extracted
————1y——
L P PROPERTIES (2008) LIMITED→
SC333716 · est 2007 · no financials extracted
————18y——
LAND MANAGEMENT (SCOTLAND) LTD.→
SC250200 · est 2003 · no financials extracted
————22y——
LAURIE ADAM MORTGAGES LIMITED→
SC825321 · est 2024 · no financials extracted
————1y——
MAKER DBPH LIMITED→
SC790301 · est 2023 · no financials extracted
————2y——
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
Incorporated2013-06-12
Jurisdictionscotland
Primary SIC64999 — Financial intermediation not elsewhere classified

Registered office

42 Dudhope Crescent Road
Dundee
DD1 5RR

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-06-26
Last: 2025-06-12

Officers (1 active · 0 resigned)

MCKELVIE, Lee Johnston→
director · ~50y · appointed 2013-06-12
View their other companies + combined net worth →
Active

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

Recent filings (27 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-13
capital-allotment-shares
capital · SH01
2025-07-04
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-12
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-30
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-28
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-26
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-08
accounts-with-accounts-type-micro-entity
accounts · AA
2020-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-06-26