115 LANARK LTD
💤Zombieactive
10812956 · ltd · incorporated 2017-06-12
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
—
not disclosed
Net worth
—
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Other accommodation
Sector: Accommodation & food service
Investor take
PursueActive trading company with a 72-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 80/100. Strong seller-intent signal (60/100, director aged 72). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
2 live charges · oldest 7.4y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 7.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (60/100)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
No iXBRL financials extracted
0
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
2 active PSC(s) of 5 total, 5 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
44 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2025-03-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-08-14📄change-person-director-company-with-change-dateofficers · CH01
- 2024-05-29📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2024-05-29📄legacyaccounts · PARENT_ACC
- 2024-05-29📄legacyother · GUARANTEE2
- 2024-05-29📄legacyother · AGREEMENT2
- 2024-04-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-02-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-01-19📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-01-19📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-05-24📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2023-05-24📄legacyaccounts · PARENT_ACC
- 2023-05-24📄legacyother · AGREEMENT2
- 2023-05-24📄legacyother · GUARANTEE2
- 2022-11-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-11-18🔓Charge satisfied #2
- 2022-08-17📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2022-08-17📄legacyaccounts · PARENT_ACC
- 2022-08-17📄legacyother · AGREEMENT2
- 2022-08-17📄legacyother · GUARANTEE2
- 2018-12-14🔒Charge registered #2Lender: Metro Bank PLC
- 2018-12-14🔒Charge registered #1Lender: Metro Bank PLC
- 2017-06-12🏢Company incorporatedAs 115 LANARK LTD
- 2017-06-12➕PALAN, Nitin appointeddirector
Owner dependency
95/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder age: Director aged approximately 72 — succession pressure is live.
- +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Kamu Palan Individual · British · DOB 09/1955 · age 71 | 25–50% | — | 25-50% shares | 01/01/2024 |
Mr Nitin Palan Individual · British · DOB 07/1954 · age 72 | 25–50% | — | 25-50% shares | 01/01/2024 |
3 historic (ceased) PSCs
- Golden Tours Ltdceased 01/01/2024· 75-100% shares
- Mrs Kamu Palanceased 25/06/2021· 25-50% shares
- Mr Nitin Palanceased 25/06/2021· 25-50% shares
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 · Hospitality · HA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 11 HOSPITALITY LIMITED→ 11166046 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| 110505 LTD→ 15790309 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 1ST BASE CATERING LTD→ 13218198 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 1STCYCLING LTD→ 16363186 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 24SHOPPING LTD.→ 11932622 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| 2R1 LIMITED→ 12576179 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 2R10 LTD→ 16836687 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 2R2 LTD→ 13521209 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 2R4 LTD→ 14190197 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 2R5 LTD→ 15208869 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 2R9 LTD→ 16836460 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 2RK RESTAURANTS LTD→ 16613995 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2017-06-12
Jurisdictionengland-wales
Primary SIC55900 — Other accommodation
Registered office
310 Harrow Road
Wembley
HA9 6LL
England
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-02-05
Last: 2026-01-22
Officers (1 active · 0 resigned)
PALAN, Nitin→
Activedirector · ~72y · appointed 2017-06-12
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Metro Bank Metro Bank PLC | A registered charge | 10 properties | 14/12/2018 | 18/11/2022 | |
| outstanding | Metro Bank Metro Bank PLC | A registered charge | 1 property | 14/12/2018 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (44 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-27
change-person-director-company-with-change-date
officers · CH01
2024-08-14
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2024-05-29
legacy
accounts · PARENT_ACC
2024-05-29
legacy
other · GUARANTEE2
2024-05-29
legacy
other · AGREEMENT2
2024-05-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-04-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-02-09
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-01-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-30