LANGSTANE LIQUOR COMPANY LIMITED

🚨Distressedactive
SC508516 · ltd · incorporated 2015-06-16
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2024
Net worth
£-472.0k
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: SIC 11010
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 70/100 (strong), bankability 65/100. Strong seller-intent signal (68/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 10.6y

30/100
under pressure

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

  • · Oldest live charge is 10.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (83/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
56 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £471,982
Very low cash
Cash position: £0
Cash draining
Cash down 100% YoY
Cash YoY
-100%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£0
↓ 100% YoY
Net Worth
-£472k
↓ 62% YoY
Current Assets
Current Liabilities
-£472k-£377k-£283k-£188k-£93k£1kMar 2023Mar 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-03-312023-03-31
Cash£0£1.5k
Net assets£-472.0k£-291.5k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2025-09-27
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2025-09-09
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2025-06-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2025-06-25
    🔓
    Charge satisfied #1
  5. 2025-05-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2025-05-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2025-05-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2025-05-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2025-03-15
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  10. 2025-03-04
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  11. 2024-09-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2024-09-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2024-08-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2024-03-09
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  15. 2024-03-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2024-03-05
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  17. 2023-01-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2022-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2022-11-17
    📄
    capital-allotment-shares
    capital · SH01
  20. 2022-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2020-11-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2020-11-09
    🔓
    Charge satisfied #2
  23. 2016-06-16
    PORTER, Andrew Justin Radcliffe, Professor appointed
    director
  24. 2016-06-15
    🔒
    Charge registered #2
    Lender: Rbs Invoice Finance Limited
  25. 2015-09-18
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland
  26. 2015-06-16
    🏢
    Company incorporated
    As LANGSTANE LIQUOR COMPANY LIMITED
  27. 2015-06-16
    IRAVANI, Benjamin appointed
    director
  28. 2015-06-16
    RENNIE, Josh Graham appointed
    director

Owner dependency

65/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-03-31

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Benjamin Iravani
Individual · British · DOB 08/1985 · age 41
2550%
25–50%25-50% shares · 25-50% voting24/02/2017

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
Incorporated2015-06-16
Jurisdictionscotland
Primary SIC11010 — SIC 11010

Registered office

1st Floor, Blenheim House
Fountainhall Road
Aberdeen
AB15 4DT
Scotland

Filing status

Accounts
Next due: 2026-03-31OVERDUE
Last made up to: 2024-03-31
Confirmation statement
Next due: 2026-06-30
Last: 2025-06-16

Officers (3 active · 0 resigned)

IRAVANI, Benjamin
director · ~41y · appointed 2015-06-16
View their other companies + combined net worth →
Active
PORTER, Andrew Justin Radcliffe, Professor
director · ~65y · appointed 2016-06-16
View their other companies + combined net worth →
Active
RENNIE, Josh Graham
director · ~41y · appointed 2015-06-16
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
NatWest Group
Rbs Invoice Finance Limited
A registered charge1 property15/06/201609/11/2020
satisfied
Lloyds Banking Group
The Royal Bank of Scotland
A registered charge18/09/201525/06/2025

Recent filings (56 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2025-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-24
gazette-notice-compulsory
gazette · GAZ1
2025-09-09
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-16
change-person-director-company-with-change-date
officers · CH01
2025-05-02
change-person-director-company-with-change-date
officers · CH01
2025-05-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-05-02
gazette-filings-brought-up-to-date
gazette · DISS40
2025-03-15
gazette-notice-compulsory
gazette · GAZ1
2025-03-04
change-person-director-company-with-change-date
officers · CH01
2024-09-03
change-person-director-company-with-change-date
officers · CH01
2024-09-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-02
gazette-filings-brought-up-to-date
gazette · DISS40
2024-03-09