LINDSAYS LLP
💤Zombieactive
SO307055 · llp · incorporated 2020-10-12
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
69/100
Strong
Investor take
PursueActive trading company. Reasonable fundamentals — worth a memo before deciding.
Opportunity 69/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).
🏦
Refinance opportunity
1 live charge · oldest 5.1y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 5.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (70/100)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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
72 officers (55 active, 72 linked, 72 with DOB)
90
Ownership & PSC
0 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
122 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
69/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 |
|---|---|
| Average employees | 31300 |
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
5
filings
- • 5 officers
Last 90 days
5
filings
- • 5 officers
Last 180 days
7
filings
- • 7 officers
Counts from Companies House filing history.
Corporate timeline (116 events)Click to expand
- 2026-04-23📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2026-04-08➕MCKAY, Lorna Agnes appointedllp-designated-member
- 2026-04-01➕CROFTS, Lewis appointedllp-designated-member
- 2026-04-01📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2026-04-01📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2026-04-01📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2026-04-01📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2026-03-31➖ANDREW, James Clarke resignedllp-designated-member
- 2026-03-31➖CUMMINGS, Alasdair William Donald resignedllp-designated-member
- 2026-03-31➖DUNCAN, John Derek resignedllp-designated-member
- 2026-01-21📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2026-01-21📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2026-01-07➕MCNAB, Robert Duncan appointedllp-designated-member
- 2026-01-07➕NICHOL, Stephanie appointedllp-designated-member
- 2025-10-28📄change-person-member-limited-liability-partnership-with-name-change-dateofficers · LLCH01
- 2025-10-17📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2025-10-17📄change-person-member-limited-liability-partnership-with-name-change-dateofficers · LLCH01
- 2025-10-17📄change-person-member-limited-liability-partnership-with-name-change-dateofficers · LLCH01
- 2025-10-02📄change-person-member-limited-liability-partnership-with-name-change-dateofficers · LLCH01
- 2025-10-02📄change-person-member-limited-liability-partnership-with-name-change-dateofficers · LLCH01
- 2025-10-01➕LIGHTFOOT, Darren appointedllp-designated-member
- 2025-10-01➕ROBERTSON, Eilidh Catriona appointedllp-designated-member
- 2025-10-01📄change-person-member-limited-liability-partnership-with-name-change-dateofficers · LLCH01
- 2025-10-01📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2025-10-01📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2025-10-01📄change-person-member-limited-liability-partnership-with-name-change-dateofficers · LLCH01
- 2025-10-01📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2025-10-01📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2025-09-30➖YELLOWLEES, Michael James, Dr resignedllp-designated-member
- 2025-09-30➖YELLOWLEES, Morag Wilson resignedllp-designated-member
- 2025-09-02📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2025-09-01➕RAWLINSON, Keith James appointedllp-designated-member
- 2025-07-31📄accounts-with-accounts-type-fullaccounts · AA
- 2025-04-29📄change-person-member-limited-liability-partnership-with-name-change-dateofficers · LLCH01
- 2025-04-09📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2025-04-02📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2025-04-02📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2025-04-01➕HOLT, Rachel Louise appointedllp-designated-member
- 2025-04-01➕MACEWAN, Gregor John appointedllp-designated-member
- 2025-04-01➕O'HARE, Stephen Patrick appointedllp-designated-member
- 2025-04-01➕SMITH, Alastair James appointedllp-designated-member
- 2025-03-31➖FRENZ, Richard Alan resignedllp-designated-member
- 2025-03-31➖KENNEDY, Callum Stuart resignedllp-designated-member
- 2025-03-31➖MCLAREN, Alan Cunningham resignedllp-designated-member
- 2025-03-03➕PALL, Gurjit Singh appointedllp-designated-member
- 2024-12-31➖GALLAGHER, Jennifer resignedllp-designated-member
- 2024-10-01➕PRESTON, Kirsty Louise appointedllp-designated-member
- 2024-07-13➖LAW, Susan Jane resignedllp-designated-member
- 2024-04-01➕GORDON, Leanne appointedllp-designated-member
- 2024-04-01➕GORRY, Daniel Stephen appointedllp-designated-member
Showing most recent 50 of 116 events
Owner dependency
50/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
30/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
Red flags
1 med ·5 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: ANDREW, James Clarke resigned 2026-03-31; CUMMINGS, Alasdair William Donald resigned 2026-03-31; DUNCAN, John Derek resigned 2026-03-31
Similar companies
Active · same sector · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A J S L P 30→ SL003331 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| A J S L P 31→ SL003332 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| A J S L P 32→ SL003333 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| A J S L P 33→ SL003334 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| A J S L P 34→ SL003335 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| A J S L P 35→ SL003336 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| AISAR LTD→ SC371071 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| AISLING INTERNATIONAL LP→ SL033345 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AITCHISON SLP→ SL002902 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
| AIZEL LP→ SL020602 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| AJINOMOTO TRADING HOLDINGS LP→ SL033035 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AJSLP11→ SL003095 · est 1997 · no financials extracted | — | — | — | — | 28y | — | — |
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
Incorporated2020-10-12
Jurisdictionscotland
Primary SIC—
Registered office
Caledonian Exchange 19a Canning Street
Edinburgh
EH3 8HE
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-25
Last: 2025-10-11
Officers (55 active · 17 resigned)
ARMSTRONG, David James→
Activellp-designated-member · ~62y · appointed 2021-03-17
View their other companies + combined net worth →
BETT, John Alexander→
Activellp-designated-member · ~47y · appointed 2021-03-17
View their other companies + combined net worth →
BOATH, Ernest Sinclair→
Activellp-designated-member · ~59y · appointed 2023-05-26
View their other companies + combined net worth →
BUCHAN, Gavin James Alexander→
Activellp-designated-member · ~50y · appointed 2021-03-17
View their other companies + combined net worth →
COOPER, Kirsty Anne→
Activellp-designated-member · ~45y · appointed 2022-04-01
View their other companies + combined net worth →
CORNWELL, Jonathan Islay→
Activellp-designated-member · ~52y · appointed 2021-03-17
View their other companies + combined net worth →
CROFTS, Lewis→
Activellp-designated-member · ~37y · appointed 2026-04-01
View their other companies + combined net worth →
DIAMOND, Andrew Russell→
Activellp-designated-member · ~58y · appointed 2021-03-17
View their other companies + combined net worth →
DOHERTY, Benjamin John→
Activellp-designated-member · ~50y · appointed 2021-03-17
View their other companies + combined net worth →
DUNCAN, Alistair Ross→
Activellp-designated-member · ~55y · appointed 2023-05-26
View their other companies + combined net worth →
FITZGERALD, Alison Louise→
Activellp-designated-member · ~61y · appointed 2023-05-26
View their other companies + combined net worth →
FRASER, Caroline Allison→
Activellp-designated-member · ~44y · appointed 2021-03-17
View their other companies + combined net worth →
FRENZ, Amanda Jane→
Activellp-designated-member · ~56y · appointed 2023-05-26
View their other companies + combined net worth →
GOODMAN, Alastair Gordon→
Activellp-designated-member · ~58y · appointed 2021-03-17
View their other companies + combined net worth →
GORDON, Leanne→
Activellp-designated-member · ~41y · appointed 2024-04-01
View their other companies + combined net worth →
GORRY, Daniel Stephen→
Activellp-designated-member · ~46y · appointed 2024-04-01
View their other companies + combined net worth →
GRAY, Kenneth David→
Activellp-designated-member · ~59y · appointed 2021-03-17
View their other companies + combined net worth →
HAYWOOD, Brent William→
Activellp-designated-member · ~61y · appointed 2021-03-17
View their other companies + combined net worth →
HOLT, Rachel Louise→
Activellp-designated-member · ~37y · appointed 2025-04-01
View their other companies + combined net worth →
HOWIE, Nicholas Alexander→
Activellp-designated-member · ~49y · appointed 2023-09-11
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111) | A registered charge | — | 30/03/2021 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (122 total)
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2026-04-23
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2026-04-01
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2026-04-01
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2026-04-01
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2026-04-01
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2026-01-21
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2026-01-21
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-10-28
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-10-17
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-10-17
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-10-17
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-10-02
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-10-02
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-10-01
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2025-10-01