BEN LUI LTD
💤Zombieactive
SC737005 · ltd · incorporated 2022-06-30
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 Mar 2025
Net worth
£-17.2k
book net assets
Opportunity
64/100
Worth a look
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 64/100 (worth a look), bankability 52/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
18 live charges · 5 lenders · oldest 3.1y
5/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~3.1 years — mid-life; refi window approaching.
- · 5 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
18 charges (18/18 with lender, 18/18 with type)
90
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
1 connected companies via shared directors
48
Filing history
31 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
50
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
66
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Negative net assets
Liabilities exceed assets by £17,202
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
-£17k
↓ 114% YoY
Current Assets
£58k
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £408.1k | — |
| Current assets | £57.8k | — |
| Cash | — | £2.0k |
| Net assets | £-17.2k | £-8.0k |
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
1
filing
- • 1 mortgage
Last 180 days
2
filings
- • 2 mortgage
Counts from Companies House filing history.
Corporate timeline (46 events)Click to expand
- 2026-02-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-02-17🔒Charge registered #18Lender: Aldermore Bank PLC
- 2025-11-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-11-03🔒Charge registered #17Lender: Together Commercial Finance Limited
- 2025-09-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-12🔒Charge registered #16Lender: The Royal Bank of Scotland PLC
- 2025-09-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-05-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-05-06🔒Charge registered #15Lender: Together Commercial Finance Limited
- 2024-08-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-08-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-08-28🔓Charge satisfied #6
- 2024-08-28🔓Charge satisfied #7
- 2024-08-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-07-09🔒Charge registered #14Lender: Together Commercial Finance Limited
- 2024-06-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-25🔒Charge registered #13Lender: Together Commercial Finance Limited
- 2024-06-25🔒Charge registered #12Lender: Together Commercial Finance Limited
- 2024-06-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-05-30🔒Charge registered #11Lender: Aldermore Bank PLC
- 2024-05-30🔒Charge registered #10Lender: Aldermore Bank PLC
- 2024-05-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-05-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-05-24🔓Charge satisfied #5
- 2024-05-24🔓Charge satisfied #4
- 2024-05-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-05-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-05-20🔒Charge registered #8Lender: Shawbrook Bank Limited
- 2024-05-15🔒Charge registered #9Lender: Together Commercial Finance Limited
- 2023-12-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-03-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-03-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-03-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-03-02🔒Charge registered #6Lender: Shawbrook Bank Limited
- 2023-02-28🔒Charge registered #7Lender: Shawbrook Bank Limited
- 2023-02-28🔒Charge registered #5Lender: Shawbrook Bank Limited
- 2023-02-28🔒Charge registered #4Lender: Shawbrook Bank Limited
- 2023-02-28🔒Charge registered #3Lender: The Mortgage Lender Limited
- 2023-02-28🔒Charge registered #2Lender: The Mortgage Lender Limited
- 2023-02-28🔒Charge registered #1Lender: The Mortgage Lender Limited
- 2022-06-30🏢Company incorporatedAs BEN LUI LTD
- 2022-06-30➕ETTERSHANK, Christopher Paul appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
2 med · 1 low4 new charges in last 12 months
mediumHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2026-02-17: A registered charge; 2025-11-03: A registered charge; 2025-09-12: A registered charge
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
14 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Christopher Paul Ettershank Individual · British · DOB 12/1989 · age 37 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 30/06/2022 |
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 →Similar companies
Active · Property · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BROOMWELL LIMITED→ SC044342 · est 1967 · no financials extracted | — | — | — | — | 59y | — | — |
| BROXBURN PROPERTIES LAKES LTD→ SC632686 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| BUSTER BARS LTD→ SC785998 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| BW MEADOWBANK LTD→ SC689338 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| CALEDONIAN GREENER HOMES CONSULTANCY LTD→ SC655522 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| CAMOCEAN LIMITED→ SC413441 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| CARGILL'S PROPERTY INVESTMENTS LTD→ SC781710 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| CEDARLEA PROPERTIES LTD.→ SC251172 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| CEILING DECOR LIMITED→ SC100073 · est 1986 · no financials extracted | — | — | — | — | 39y | — | — |
| CELTIC PROPERTY GUILD LTD→ SC781185 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| CEOL NA MARA INVESTMENTS LIMITED→ SC252979 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| CERBS PROPERTIES LTD→ SC717783 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Incorporated2022-06-30
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
32 Abbot Street
Arbroath
DD11 1HH
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-09
Last: 2025-06-25
Officers (1 active · 0 resigned)
ETTERSHANK, Christopher Paul→
Activedirector · ~37y · appointed 2022-06-30
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
18
Total charges
14
Outstanding
5
Active lenders
Status:Lender:18 of 18 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 17/02/2026 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 03/11/2025 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 12/09/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 06/05/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 09/07/2024 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 25/06/2024 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 25/06/2024 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 30/05/2024 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 30/05/2024 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 20/05/2024 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | — | 15/05/2024 | — | |
| satisfied | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 02/03/2023 | 28/08/2024 | |
| satisfied | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 28/02/2023 | 28/08/2024 | |
| satisfied | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 28/02/2023 | 24/05/2024 | |
| satisfied | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 28/02/2023 | 24/05/2024 | |
| outstanding | The Mortgage Lender The Mortgage Lender Limited | A registered charge | 2 properties | 28/02/2023 | — | |
| outstanding | The Mortgage Lender The Mortgage Lender Limited | A registered charge | 1 property | 28/02/2023 | — | |
| outstanding | The Mortgage Lender The Mortgage Lender Limited | A registered charge | 3 properties | 28/02/2023 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (31 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-17
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-05-07
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-28
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-18
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-25
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-25
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-07