ALLTMORE ASSET MANAGEMENT LIMITED

💤Zombieactive
SC621650 · ltd · incorporated 2019-02-19
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 Feb 2025
Net worth
£2
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Fund management activities
Sector: Financial & insurance
Investor take
Pursue
Asset-holding vehicle with a 77-year-old founder — textbook succession opportunity.

Opportunity 76/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -46% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

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
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
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 · accounting standard not declared
Positive net assets
Net assets £2
Cash draining
Cash down 46% YoY
Cash YoY
-46%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£194k
↓ 46% YoY
Net Worth
£2
~ YoY
Current Assets
£1.3m
↑ 47% YoY
Current Liabilities
—
£0£251k£503k£754k£1.0m£1.3mFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Total assets£2£2
Current assets£1.26M£857.2k
Cash£193.9k£355.8k
Debtors£1.06M£501.3k
Net assets£2£2

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
5
filings
  • • 2 officers
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
Last 90 days
6
filings
  • • 3 persons-with-significant-control
  • • 2 officers
  • • 1 confirmation-statement
Last 180 days
7
filings
  • • 3 persons-with-significant-control
  • • 2 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-04-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2026-04-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2026-04-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2026-04-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2026-03-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2026-02-28
    ➕
    MACKAY, Kenneth Roderick appointed
    director
  7. 2026-02-27
    ➖
    MACKAY, Kenneth Roderick resigned
    director
  8. 2025-11-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2024-07-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2023-07-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2022-11-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2021-11-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2021-02-18
    📄
    resolution
    resolution · RESOLUTIONS
  14. 2021-01-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2020-07-23
    ➖
    INNES, Alexander James resigned
    director
  16. 2020-07-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2020-07-23
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  18. 2019-02-19
    🏢
    Company incorporated
    As ALLTMORE ASSET MANAGEMENT LIMITED
  19. 2019-02-19
    ➕
    MACKAY, Kenneth Roderick appointed
    secretary
  20. 2019-02-19
    ➕
    INNES, Alexander James appointed
    director
  21. 2019-02-19
    ➕
    MACKAY, Kenneth Roderick appointed
    director
  22. 2019-02-19
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
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.
  • +Founder age: Director aged approximately 77 — succession pressure is live.

Succession & seller-readiness

75/100
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 77 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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 Kenneth Roderick Mackay
Individual · British · DOB 05/1949 · age 77
75–100%
75–100%board control75-100% shares · 75-100% voting · board control28/02/2026
2 historic (ceased) PSCs
  • Mr Kenneth Roderick Mackayceased 27/02/2026· 75-100% shares · 75-100% voting · board control
  • Mr Alexander James Innesceased 23/07/2020· 25-50% shares · 25-50% voting · board control

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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———30018y8267y
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———20018y8058y
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SC244281 · est 2003
————23y8061y
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SC480480 · est 2014
———011y8059y
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SC237615 · est 2002
————23y8073y
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———286y8088y
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————19y7960y
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ALLTMORE LIMITED→
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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
Incorporated2019-02-19
Jurisdictionscotland
Primary SIC66300 — Fund management activities

Registered office

Kincardine Lodge
Street Of Kincardine
Boat Of Garten
PH24 3BY
United Kingdom

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-03-04
Last: 2026-02-18

Officers (2 active · 2 resigned)

MACKAY, Kenneth Roderick→
secretary · appointed 2019-02-19
View their other companies + combined net worth →
Active
MACKAY, Kenneth Roderick→
director · ~77y · appointed 2026-02-28
View their other companies + combined net worth →
Active
INNES, Alexander James→
director · ~61y · appointed 2019-02-19 · resigned 2020-07-23
Resigned
MACKAY, Kenneth Roderick→
director · ~77y · appointed 2019-02-19 · resigned 2026-02-27
Resigned

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

Recent filings (22 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-08
appoint-person-director-company-with-name-date
officers · AP01
2026-04-08
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-04-08
termination-director-company-with-name-termination-date
officers · TM01
2026-04-08
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-11-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-21
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-18
accounts-with-accounts-type-dormant
accounts · AA
2021-11-23