CASTLEHILL LLP

💤Zombieactive

SO300050 · llp · incorporated 2001-12-21

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 Dec 2022

Net worth

£25.30M

book net assets

Opportunity

54/100

Worth a look

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

Investor take

Pass (distressed without resilience)

Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 54/100 (worth a look), bankability 37/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: strategic trade sale (38/100).

🏦

Refinance opportunity

11 live charges · 7 lenders · oldest 23.1y

15/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 23.1 years old — likely at or near maturity.
· 7 lenders named — inter-creditor friction likely.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (68/100)

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

Company profile

address, no SIC, incorporation date

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

11 charges (11/11 with lender, 11/11 with type)

Directors & officers

21 officers (8 active, 21 linked, 12 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

Network not yet resolved

Filing history

112 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

54/100Worth a look

PassWatchWorth a lookStrongExceptional

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Some acquirability indicators.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £25,298,196

Key financials

2 years extracted from filed iXBRL accounts

Cash

£4.1m

Net Worth

£25m

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2022-12-31	2021-12-31
Cash	£4.07M	—
Net assets	£25.30M	—
Average employees	—	0

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

🔒Filing-note intelligence

3 signals 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

filings

• 3 officers

Last 90 days

filings

• 3 officers

Last 180 days

filings

• 3 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (77 events)Click to expand

2026-04-14
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2026-04-14
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2026-04-14
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2026-04-03
➖
WEST, David resigned
llp-designated-member
2026-04-03
➖
WEST, George Robertson resigned
llp-designated-member
2026-04-03
➖
WEST, Mary resigned
llp-designated-member
2025-12-03
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-12-12
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-02-06
📄
change-corporate-member-limited-liability-partnership-with-name-change-date
officers · LLCH02
2024-02-06
📄
change-corporate-member-limited-liability-partnership-with-name-change-date
officers · LLCH02
2024-02-06
📄
change-corporate-member-limited-liability-partnership-with-name-change-date
officers · LLCH02
2023-12-01
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-11-30
📄
change-corporate-member-limited-liability-partnership-with-name-change-date
officers · LLCH02
2023-11-30
📍
change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
address · LLAD01
2023-11-30
📍
change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
address · LLAD01
2023-10-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-10
📍
change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
address · LLAD01
2022-12-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-14
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-11-01
📄
change-corporate-member-limited-liability-partnership-with-name-change-date
officers · LLCH02
2022-11-01
📄
change-corporate-member-limited-liability-partnership-with-name-change-date
officers · LLCH02
2022-11-01
📄
change-corporate-member-limited-liability-partnership-with-name-change-date
officers · LLCH02
2022-11-01
📍
change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
address · LLAD01
2022-07-11
📄
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2022-07-11
🔓
Charge satisfied #11
2022-01-05
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2021-12-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-12
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2021-01-28
📄
accounts-with-accounts-type-small
accounts · AA
2020-11-02
🔒
Charge registered #11
Lender: The Royal Bank of Scotland PLC (SC083026)
2020-11-02
🔒
Charge registered #10
Lender: The Royal Bank of Scotland PLC (SC083026)
2020-11-02
🔒
Charge registered #9
Lender: The Royal Bank of Scotland PLC (SC083026)
2020-10-26
🔓
Charge satisfied #5
2019-11-08
🔒
Charge registered #8
Lender: The Royal Bank of Scotland PLC
2019-11-08
🔒
Charge registered #7
Lender: The Royal Bank of Scotlnd PLC (SC083026)
2019-11-07
🔒
Charge registered #6
Lender: The Royal Bank of Scotland PLC (SC083026)
2019-04-22
🔒
Charge registered #5
Lender: Natwest Markets PLC
2019-03-26
🔓
Charge satisfied #4
2019-03-26
🔓
Charge satisfied #1
2019-03-14
🔓
Charge satisfied #3
2019-03-14
🔓
Charge satisfied #2
2016-06-30
➖
WEST, Rosemary resigned
llp-designated-member
2014-09-01
➕
ACREWIND LIMITED appointed
corporate-llp-designated-member
2014-09-01
➕
ELDERBAY LIMITED appointed
corporate-llp-designated-member
2014-09-01
➕
JG WEST LTD appointed
corporate-llp-designated-member
2014-09-01
➕
MOUNTBRAE LIMITED appointed
corporate-llp-designated-member
2014-09-01
➕
THIRLET LTD appointed
corporate-llp-designated-member
2014-09-01
➕
WESTERNIZE LTD appointed
corporate-llp-designated-member
2014-09-01
➖
WEST, Alexander George resigned
llp-member
2014-09-01
➖
WEST, Emma Louise resigned
llp-member

Showing most recent 50 of 77 events

Owner dependency

50/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

40/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high · 2 med · 1 low

Accounts overdue

high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2024-12-31

3 director resignations in last 12 months

medium

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

Evidence: WEST, David resigned 2026-04-03; WEST, George Robertson resigned 2026-04-03; WEST, Mary resigned 2026-04-03

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

5 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Similar companies

Active · same sector · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
A MACLEOD CONSTRUCTION LIMITED→ SC475785 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
A MORRIS ROOFING LIMITED→ SC572573 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
AEROSSURANCE LIMITED→ SC468226 · est 2014 · no financials extracted	—	—	—	—	12y	—	—
AETEARIS LTD→ SC879669 · est 2026 · no financials extracted	—	—	—	—	—	—	—
AGRITRUST LTD→ SC877870 · est 2026 · no financials extracted	—	—	—	—	—	—	—
AJ PLANNING SERVICES LIMITED→ SC635543 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
AKTRAD LIMITED→ SC222559 · est 2001 · no financials extracted	—	—	—	—	24y	—	—
AKZ ELECTRICAL SERVICES LTD→ SC866636 · est 2025 · no financials extracted	—	—	—	—	—	—	—
AL GLOBAL 4 PHONES LIMITED→ SC227000 · est 2002 · no financials extracted	—	—	—	—	24y	—	—
ALAN RUTHERFORD WEALTH MANAGEMENT LIMITED→ SC445553 · est 2013 · no financials extracted	—	—	—	—	13y	—	—
ALARM MAINTENANCE COMPANY LIMITED→ SC222872 · est 2001 · no financials extracted	—	—	—	—	24y	—	—
ALBERT XIV LIMITED→ SC641501 · est 2019 · no financials extracted	—	—	—	—	6y	—	—

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

🔒Tailored diligence questions

9 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

Typellp

Incorporated2001-12-21

Jurisdictionscotland

Primary SIC—

Registered office

Heritage House 141 Shore Street

Fraserburgh

Aberdeenshire

AB43 9BP

United Kingdom

Filing status

Accounts

Next due: 2024-12-31OVERDUE

Last made up to: 2022-12-31

Confirmation statement

Next due: 2026-12-14

Last: 2025-11-30