LUNNA LAMB LTD

🏛️Establishedactive
SC673459 · ltd · incorporated 2020-09-07
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
Upgrade to see
Turnover
year to Sept 2024
Net worth
£-20.9k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Processing and preserving of meat
Sector: Manufacturing
ALSO REGISTERED FOR
  • 10130SIC 10130
  • 10890SIC 10890
  • 56290Other food services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (79/100)

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

Company profile
address, 4 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
7 officers (5 active, 7 linked, 6 with DOB)
87
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
15 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £20,879
Cash YoY
+33%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£11k
↑ 33% YoY
Net Worth
-£21k
↓ 39% YoY
Current Assets
£15k
↑ 18% YoY
Current Liabilities
-£21k-£14k-£6k£912£8k£15kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30
Total assets£-20.9k£-15.1k
Current assets£15.4k£13.1k
Cash£10.9k£8.2k
Debtors£4.5k£3.9k
Net assets£-20.9k£-15.1k

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-10-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2025-10-22
    WILLIAMSON, Colin Edwin appointed
    director
  3. 2025-10-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-10-22
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2025-10-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-10-21
    WILLIAMSON, Colin Edwin resigned
    director
  7. 2025-10-20
    WILLIAMSON, Pamela Mary appointed
    director
  8. 2025-10-20
    ROBERTSON, Steven resigned
    director
  9. 2025-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2024-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-06-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-04-11
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2022-01-05
    📄
    legacy
    miscellaneous · RPCH01
  14. 2020-09-07
    🏢
    Company incorporated
    As LUNNA LAMB LTD
  15. 2020-09-07
    ERWOOD, Helen, Dr appointed
    secretary
  16. 2020-09-07
    ERWOOD, Helen Susan, Dr appointed
    director
  17. 2020-09-07
    NISBET, James appointed
    director
  18. 2020-09-07
    ROBERTSON, Steven appointed
    director
  19. 2020-09-07
    WILLIAMSON, Colin Edwin appointed
    director
  20. 2020-09-07
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Founder age: Director aged approximately 69 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 69. Approaching typical UK retirement age — succession thinking likely.

Red flags

1 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: ROBERTSON, Steven resigned 2025-10-20; WILLIAMSON, Colin Edwin resigned 2025-10-21

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Dr Helen Susan Erwood
Individual · Scottish · DOB 12/1957 · age 69
2550%
25–50%25-50% shares · 25-50% voting07/09/2020
Mr Colin Edwin Williamson
Individual · Scottish · DOB 06/1970 · age 56
2550%
25–50%25-50% shares · 25-50% voting07/09/2020

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

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
Incorporated2020-09-07
Jurisdictionscotland
Primary SIC10110 — Processing and preserving of meat

Registered office

South Grinds Lunna
Vidlin
Shetland
Shetland Islands
ZE2 9QF
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-09-20
Last: 2025-09-06

Officers (5 active · 2 resigned)

ERWOOD, Helen, Dr
secretary · appointed 2020-09-07
View their other companies + combined net worth →
Active
ERWOOD, Helen Susan, Dr
director · ~69y · appointed 2020-09-07
View their other companies + combined net worth →
Active
NISBET, James
director · ~63y · appointed 2020-09-07
View their other companies + combined net worth →
Active
WILLIAMSON, Colin Edwin
director · ~56y · appointed 2025-10-22
View their other companies + combined net worth →
Active
WILLIAMSON, Pamela Mary
director · ~38y · appointed 2025-10-20
View their other companies + combined net worth →
Active
ROBERTSON, Steven
director · ~50y · appointed 2020-09-07 · resigned 2025-10-20
Resigned
WILLIAMSON, Colin Edwin
director · ~56y · appointed 2020-09-07 · resigned 2025-10-21
Resigned

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

Recent filings (15 total)

appoint-person-director-company-with-name-date
officers · AP01
2025-10-23
termination-director-company-with-name-termination-date
officers · TM01
2025-10-22
appoint-person-director-company-with-name-date
officers · AP01
2025-10-22
termination-director-company-with-name-termination-date
officers · TM01
2025-10-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-20
accounts-with-accounts-type-dormant
accounts · AA
2022-04-11
legacy
miscellaneous · RPCH01
2022-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-18
incorporation-company
incorporation · NEWINC
2020-09-07