LEAGARTH ESTATES LIMITED
🌳Matureactive
SC032734 · ltd · incorporated 1957-12-17
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
Why now
Window steady · low confidence
Asset base steady — strong defensive profile, no urgency cue.
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£555.6k
book net assets
Opportunity
81/100
Exceptional
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueAsset-holding vehicle with a 71-year-old founder — textbook succession opportunity.
Opportunity 81/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 71). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
Data confidence
Overall: medium (71/100)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
10 officers (4 active, 10 linked, 8 with DOB)
86
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
3 connected companies via shared directors
54
Filing history
127 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
81/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £555,643
Key financials
2 years extracted from filed iXBRL accountsCash
£52k
Net Worth
£556k
↑ 7.8% YoY
Current Assets
£52k
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £555.6k | £515.6k |
| Current assets | £51.7k | — |
| Cash | £51.7k | — |
| Debtors | £53 | — |
| Net assets | £555.6k | £515.6k |
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
1
filing
- • 1 accounts
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2026-03-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-02📄capital-allotment-sharescapital · SH01
- 2023-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-12📄capital-allotment-sharescapital · SH01
- 2023-01-19📄change-person-director-company-with-change-dateofficers · CH01
- 2023-01-19📄change-person-director-company-with-change-dateofficers · CH01
- 2022-03-16📄capital-allotment-sharescapital · SH01
- 2021-12-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-07-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-03-02📄capital-allotment-sharescapital · SH01
- 2019-12-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-03-21📄capital-allotment-sharescapital · SH01
- 2018-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-04-03📄capital-allotment-sharescapital · SH01
- 2014-09-11➕CHEYNE, Alexander William David appointeddirector
- 2014-09-11➕KORNICKA, Katherine Clare appointeddirector
- 2014-09-11➖CHEYNE, Patrick John Lister, Sir resigneddirector
- 2014-04-25➖CHEYNE, Andrew Watson resigneddirector
- 2013-07-02➖CHEYNE, Cicely, Lady resigneddirector
- 2010-09-02➕LANYON, Bridget Nelita appointedsecretary
- 2010-09-01➖CHEYNE, Andrew Watson resignedsecretary
- 2008-01-15➕CHEYNE, Patrick John Lister, Sir appointeddirector
- 2006-07-01➕LANYON, Bridget Nelita appointeddirector
- 2006-07-01➕CHEYNE, Cicely, Lady appointeddirector
- 2006-07-01➖CHEYNE, Joseph Lister Watson, Sir resigneddirector
- 2006-04-02➖CHEYNE, Laurel Audrey resigneddirector
- 1957-12-17🏢Company incorporatedAs LEAGARTH ESTATES LIMITED
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 71 — succession pressure is live.
Succession & seller-readiness
83/100
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 71 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 20 years.
- secondaryStable-but-static management: Company is 69 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
🔒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 · Property · ZE postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| MARK DUNCAN DEVELOPMENTS LIMITED→ SC318791 · est 2007 | £710.9k £604.3k–£817.6k | — | £710.9k | — | 19y | 77 | 54y |
| ENERGY ISLES LIMITED→ SC466337 · est 2013 | £478.0k £406.3k–£549.7k | — | £478.0k | — | 12y | 75 | 71y |
| NORDHUS DEVELOPMENTS (SHETLAND) LIMITED→ SC207333 · est 2000 | £324.2k £275.5k–£372.8k | — | £324.2k | — | 26y | 75 | 54y |
| SHETLAND FREEZER HOLDINGS LIMITED→ SC141526 · est 1992 | £246.6k £209.6k–£283.6k | — | £246.6k | — | 33y | 82 | 72y |
| SHETLAND PROPERTY RENTALS LTD→ SC458133 · est 2013 | £126.5k £107.6k–£145.5k | — | £126.5k | — | 12y | 79 | 59y |
| EID DEVELOPMENTS LTD.→ SC274955 · est 2004 | £59.0k £50.1k–£67.8k | — | £59.0k | — | 21y | 80 | 64y |
| M.I.A. (PROPERTIES) LIMITED→ SC233583 · est 2002 | £51.0k £43.4k–£58.7k | — | £51.0k | — | 23y | 82 | 69y |
| G & E PROPERTIES (SHETLAND) LTD→ SC642636 · est 2019 | £21.7k £18.4k–£24.9k | — | £21.7k | — | 6y | 79 | 59y |
| NORTHERN ROCK PROPERTIES LIMITED→ SC526769 · est 2016 | £7.6k £6.4k–£8.7k | — | £7.6k | — | 10y | 78 | 58y |
| NORTH YELL DEVELOPMENT COUNCIL→ SC245227 · est 2003 · no financials extracted | — | — | — | — | 23y | 83 | 75y |
| IRVINE ENTERPRISES SHETLAND LIMITED→ SC136867 · est 1992 | — | — | — | 500 | 34y | 82 | 64y |
| DTM PROPERTY LETTING SERVICES LIMITED→ SC362655 · est 2009 | — | — | — | 0 | 16y | 80 | 66y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Incorporated1957-12-17
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Leagarth House
Fetlar
Shetland Islands
ZE2 9DJ
Filing status
Accounts
Next due: 2027-01-05
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-14
Last: 2025-12-31
Officers (4 active · 6 resigned)
LANYON, Bridget Nelita→
Activesecretary · appointed 2010-09-02
View their other companies + combined net worth →
CHEYNE, Alexander William David→
Activedirector · ~46y · appointed 2014-09-11
View their other companies + combined net worth →
KORNICKA, Katherine Clare→
Activedirector · ~46y · appointed 2014-09-11
View their other companies + combined net worth →
LANYON, Bridget Nelita→
Activedirector · ~71y · appointed 2006-07-01
View their other companies + combined net worth →
CHEYNE, Andrew Watson→
Resignedsecretary · resigned 2010-09-01
CHEYNE, Andrew Watson→
Resigneddirector · ~105y · resigned 2014-04-25
CHEYNE, Cicely, Lady→
Resigneddirector · ~98y · appointed 2006-07-01 · resigned 2013-07-02
CHEYNE, Joseph Lister Watson, Sir→
Resigneddirector · ~112y · resigned 2006-07-01
CHEYNE, Laurel Audrey→
Resigneddirector · ~103y · resigned 2006-04-02
CHEYNE, Patrick John Lister, Sir→
Resigneddirector · ~85y · appointed 2008-01-15 · resigned 2014-09-11
Click a director name to see their full track record across all companies.
Recent filings (127 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-12
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-31
capital-allotment-shares
capital · SH01
2024-04-02
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-19
capital-allotment-shares
capital · SH01
2023-03-12
change-person-director-company-with-change-date
officers · CH01
2023-01-19
change-person-director-company-with-change-date
officers · CH01
2023-01-19
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-03
capital-allotment-shares
capital · SH01
2022-03-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-30