PH1 DEVELOPMENTS LTD

💤Zombieactive
SC764441 · ltd · incorporated 2023-03-31
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
book net assets
Opportunity
62/100
Worth a look
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

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
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
Network not yet resolved
30
Filing history
10 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth 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
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
3
filings
  • 2 gazette
  • 1 accounts
Last 180 days
4
filings
  • 3 gazette
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (10 events)Click to expand
  1. 2026-03-14
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2026-03-11
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2026-03-10
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2025-11-15
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2025-07-18
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  6. 2025-06-24
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2025-01-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2023-03-31
    🏢
    Company incorporated
    As PH1 DEVELOPMENTS LTD
  9. 2023-03-31
    MCMAHON, Michael appointed
    director
  10. 2023-03-31
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some 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

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-13

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Michael Mcmahon
Individual · Scottish · DOB 05/1983 · age 43
75100%
75–100%board control75-100% shares · 75-100% voting · board control31/03/2023

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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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.

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Company details

Statusactive
Typeltd
Incorporated2023-03-31
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

36 St. John Street
Perth
Perthshire
PH1 5SP
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-04-13OVERDUE
Last: 2025-03-30

Officers (1 active · 0 resigned)

MCMAHON, Michael
director · ~43y · appointed 2023-03-31
View their other companies + combined net worth →
Active

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

Recent filings (10 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2026-03-14
accounts-with-accounts-type-dormant
accounts · AA
2026-03-11
gazette-notice-compulsory
gazette · GAZ1
2026-03-10
gazette-filings-brought-up-to-date
gazette · DISS40
2025-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-14
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2025-07-18
gazette-notice-compulsory
gazette · GAZ1
2025-06-24
accounts-with-accounts-type-dormant
accounts · AA
2025-01-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-15
incorporation-company
incorporation · NEWINC
2023-03-31