68 CRN LTD
🌿Early-stageactive
SC722229 · ltd · incorporated 2022-02-07
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£10
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.
Opportunity 75/100 (strong), bankability 70/100. 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 (73/100).
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, 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
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
24 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
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £10
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£10
Current Assets
£10
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £10 | — |
| Current assets | £10 | — |
| Net assets | £10 | — |
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
1
filing
- • 1 address
Last 90 days
2
filings
- • 1 address
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 address
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2026-04-02📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-04-21📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-02-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-12-27📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-11-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-06-15📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2023-07-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-25📄capital-allotment-sharescapital · SH01
- 2022-03-25📄capital-allotment-sharescapital · SH01
- 2022-03-25📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-03-25📄capital-allotment-sharescapital · SH01
- 2022-03-25📄capital-allotment-sharescapital · SH01
- 2022-03-25📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-03-25📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-03-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-03-25📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-03-25📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-03-25📄capital-name-of-class-of-sharescapital · SH08
- 2022-03-23📄resolutionresolution · RESOLUTIONS
- 2022-03-18➕CRAIG, Janet Elizabeth appointeddirector
- 2022-03-18➕CRAIG, Michael Frederick appointeddirector
- 2022-03-18➖NICOLSON, Angus resigneddirector
- 2022-02-07🏢Company incorporatedAs 68 CRN LTD
- 2022-02-07➕NICOLSON, Angus appointeddirector
- 2022-02-07📄incorporation-companyincorporation · NEWINC
Owner dependency
74/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 lowMultiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Michael Frederick Craig Individual · British · DOB 07/1966 · age 60 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 28/02/2022 |
Mrs Janet Elizabeth Craig Individual · British · DOB 07/1965 · age 61 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 28/02/2022 |
1 historic (ceased) PSC
- Mr Angus Nicolsonceased 28/02/2022· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
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|---|---|---|---|---|---|---|---|
| A C SHAW PROPERTIES LTD→ SC742105 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| A.B.G. (CONTINENTAL( RESTAURANTS LIMITED→ SC047171 · est 1970 · no financials extracted | — | — | — | — | 56y | — | — |
| A&C RESIDENCE LIMITED→ SC793090 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AAUU LTD→ SC764706 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ABBEY DEVELOPMENTS (CHAPELTON) LTD→ SC882925 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ABBEY DEVELOPMENTS (STONEHOUSE) NO.2 LTD→ SC850383 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ABBOTSFORD PROPERTY LTD.→ SC229391 · est 2002 · no financials extracted | — | — | — | — | 24y | — | — |
| ABERFELDY BLENHEIM LTD→ SC667861 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ABERFELDY INVESTMENTS LIMITED→ SC565638 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ABRAHAM ANDLEAP LIMITED→ SC692675 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ABSOLUTE PROPERTIES SCOTLAND LTD→ SC838564 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ABSTRACT HOMES LTD→ SC669194 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated2022-02-07
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
49 Crescent Road
Glasgow
G13 3RY
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-20
Last: 2026-02-06
Officers (2 active · 1 resigned)
CRAIG, Janet Elizabeth→
Activedirector · ~61y · appointed 2022-03-18
View their other companies + combined net worth →
CRAIG, Michael Frederick→
Activedirector · ~60y · appointed 2022-03-18
View their other companies + combined net worth →
NICOLSON, Angus→
Resigneddirector · ~63y · appointed 2022-02-07 · resigned 2022-03-18
Click a director name to see their full track record across all companies.
Recent filings (24 total)
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-10
accounts-with-accounts-type-dormant
accounts · AA
2025-04-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-03
accounts-with-accounts-type-dormant
accounts · AA
2024-12-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-17
change-account-reference-date-company-previous-extended
accounts · AA01
2024-06-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-18
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-08
capital-allotment-shares
capital · SH01
2022-03-25
capital-allotment-shares
capital · SH01
2022-03-25
appoint-person-director-company-with-name-date
officers · AP01
2022-03-25
capital-allotment-shares
capital · SH01
2022-03-25