BLAIRS STEADING LLP

💤Zombieactive
SO305022 · llp · incorporated 2014-09-12
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
73/100
Strong
🔔
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Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · oldest 9.7y

45/100
under pressure

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

  • · Oldest live charge is 9.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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

Company profile
address, no SIC, incorporation date
80
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 3 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
26 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red 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
Average employees00

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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2025-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-09-22
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  3. 2024-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-09-27
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  5. 2023-12-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-09-18
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  7. 2022-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-09-28
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  9. 2021-12-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-09-14
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  11. 2021-01-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-09-29
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  13. 2019-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-10-07
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  15. 2018-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-09-17
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  17. 2018-01-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2017-09-22
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  19. 2017-08-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  20. 2017-08-22
    🔒
    Charge registered #2
    Lender: Historic Environment Scotland
  21. 2017-01-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  22. 2016-09-16
    📄
    confirmation-statement-with-updates
    confirmation-statement · LLCS01
  23. 2016-08-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  24. 2016-08-10
    🔒
    Charge registered #1
    Lender: Historic Environment Scotland
  25. 2016-05-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  26. 2016-05-04
    📄
    change-account-reference-date-limited-liability-partnership-previous-shortened
    accounts · LLAA01
  27. 2015-09-23
    📄
    annual-return-limited-liability-partnership-with-made-up-date
    annual-return · LLAR01
  28. 2014-11-01
    GORDON CUMMING, William resigned
    llp-designated-member
  29. 2014-09-12
    🏢
    Company incorporated
    As BLAIRS STEADING LLP
  30. 2014-09-12
    GORDON CUMMING, Louisa, Lady appointed
    llp-designated-member
  31. 2014-09-12
    GORDON CUMMING, BT., Alastair Penrose, Sir appointed
    llp-designated-member
  32. 2014-09-12
    GORDON CUMMING, William appointed
    llp-designated-member

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

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Sir Alastair Penrose Gordon Cumming
Individual · British · DOB 04/1954 · age 72
sig. influencesignificant influence06/04/2016

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 →
🔒Tailored diligence questions

6 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
Incorporated2014-09-12
Jurisdictionscotland
Primary SIC

Registered office

Altyre House
Altyre
Forres
Moray
IV36 2SH

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-26
Last: 2025-09-12

Officers (2 active · 1 resigned)

GORDON CUMMING, Louisa, Lady
llp-designated-member · ~65y · appointed 2014-09-12
View their other companies + combined net worth →
Active
GORDON CUMMING, BT., Alastair Penrose, Sir
llp-designated-member · ~72y · appointed 2014-09-12
View their other companies + combined net worth →
Active
GORDON CUMMING, William
llp-designated-member · ~33y · appointed 2014-09-12 · resigned 2014-11-01
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Historic Environment Scotland
A registered charge1 property22/08/2017
outstanding
Historic Environment Scotland
A registered charge1 property10/08/2016
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (26 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-28
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-09-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-21
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-09-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-11
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-09-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-20
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-09-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-10
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2021-09-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-08
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2020-09-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-27
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2019-10-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-20