S U LETS LIMITED

💤Zombieactive
NI610795 · ltd · incorporated 2012-01-20
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 Jan 2025
Net worth
book net assets
Opportunity
78/100
Strong
🔔
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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
Pursue
Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 65). 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).

Data confidence

Overall: medium (79/100)

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
5 officers (1 active, 5 linked, 5 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
43 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
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
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£0Jan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-01-312024-01-31

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-11-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2025-11-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2025-11-05
    FINLAY, Alistair appointed
    director
  4. 2025-11-05
    YOUNG, Caroline Elaine resigned
    director
  5. 2025-11-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2024-09-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2024-02-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2023-10-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2022-10-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2021-11-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2021-01-11
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2019-10-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2018-09-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2018-01-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2017-12-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2016-11-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2016-04-20
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  18. 2016-02-01
    DOUGLAS, Samuel Gordon resigned
    director
  19. 2016-02-01
    YOUNG, Caroline Elaine appointed
    director
  20. 2013-02-09
    HENRY, Louise resigned
    director
  21. 2013-02-09
    STEELE, Gillian resigned
    director
  22. 2013-02-08
    DOUGLAS, Samuel Gordon appointed
    director
  23. 2012-01-20
    🏢
    Company incorporated
    As S U LETS LIMITED
  24. 2012-01-20
    HENRY, Louise appointed
    director
  25. 2012-01-20
    STEELE, Gillian appointed
    director

Owner dependency

90/100
Critical — business is the founder

The 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 65 — succession pressure is live.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

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

Group structure

Queen's University Belfast is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Queen's University Belfast
Corporate parent · holds 75-100% shares
ultimate parent
S U LETS LIMITED
This company · NI610795

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Queen's University Belfast
Corporate entity
75100%
75-100% shares06/04/2016

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 →

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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 →
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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.

Available from the Pro tier upwards.

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Company details

Statusactive
Typeltd
Incorporated2012-01-20
Jurisdictionnorthern-ireland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Finance Directorate Queen's University Belfast
University Road
Belfast
BT7 1NN
Northern Ireland

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-11-17
Last: 2025-11-03

Officers (1 active · 4 resigned)

FINLAY, Alistair
director · ~65y · appointed 2025-11-05
View their other companies + combined net worth →
Active
DOUGLAS, Samuel Gordon
director · ~68y · appointed 2013-02-08 · resigned 2016-02-01
Resigned
HENRY, Louise
director · ~40y · appointed 2012-01-20 · resigned 2013-02-09
Resigned
STEELE, Gillian
director · ~45y · appointed 2012-01-20 · resigned 2013-02-09
Resigned
YOUNG, Caroline Elaine
director · ~55y · appointed 2016-02-01 · resigned 2025-11-05
Resigned

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

Recent filings (43 total)

termination-director-company-with-name-termination-date
officers · TM01
2025-11-13
appoint-person-director-company-with-name-date
officers · AP01
2025-11-13
accounts-with-accounts-type-dormant
accounts · AA
2025-11-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-19
accounts-with-accounts-type-dormant
accounts · AA
2024-09-30
change-person-director-company-with-change-date
officers · CH01
2024-02-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-12
accounts-with-accounts-type-dormant
accounts · AA
2023-10-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-08
accounts-with-accounts-type-dormant
accounts · AA
2022-10-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-11
accounts-with-accounts-type-dormant
accounts · AA
2021-11-29
accounts-with-accounts-type-dormant
accounts · AA
2021-01-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-11