G H C LEITH (PROPERTIES) LIMITED

💤Zombieactive

SC062662 · ltd · incorporated 1977-07-06

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

£1.00M

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Other service activities n.e.c.

Sector: Other service activities

Investor take

Pursue

Asset-holding vehicle with a 68-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (93/100, director aged 68). 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

4 live charges · oldest 47.8y

45/100

under pressure

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

· Oldest live charge is 47.8 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

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

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

4 officers (1 active, 4 linked, 3 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

1 connected companies via shared directors

Filing history

106 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £1,002,809

Net assets shrinking

Down £15,100 YoY

Cash YoY

-2%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£126k

↓ 2.5% YoY

Net Worth

£1.0m

↓ 1.5% YoY

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Cash	£125.9k	£129.2k
Net assets	£1.00M	£1.02M

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

filings

Last 90 days

filings

• 4 mortgage

Last 180 days

filings

• 4 mortgage
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (29 events)Click to expand

2026-02-24
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-24
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-24
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-24
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-24
🔓
Charge satisfied #4
2026-02-24
🔓
Charge satisfied #3
2026-02-24
🔓
Charge satisfied #2
2026-02-24
🔓
Charge satisfied #1
2025-10-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-08-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-12-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-07-27
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2017-07-27
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-07-27
📄
change-person-director-company-with-change-date
officers · CH01
2016-03-28
➖
LEITH, Margaret Wallace resigned
secretary
2016-03-28
➖
LEITH, Margaret Wallace resigned
director
2009-05-08
➕
LEITH, David Brodie appointed
director
2009-04-15
➖
LEITH, George Honeyman Clapperton resigned
director
1979-10-12
🔒
Charge registered #4
Lender: The Royal Bank of Scotland PLC
1979-08-13
🔒
Charge registered #3
Lender: The Royal Bank of Scotland PLC
1978-08-22
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
1978-08-04
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
1977-07-06
🏢
Company incorporated
As G H C LEITH (PROPERTIES) LIMITED

Owner dependency

100/100

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 name in company name: Company name contains director surname "LEITH" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

88/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondary12+ year tenure: Director in role 17 years.
secondaryStable-but-static management: Company is 49 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

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
David Brodie Leith Individual · British · DOB 01/1958 · age 68	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	06/04/2016
George Michael Leith Individual · British,Australian · DOB 06/1956 · age 70	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

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 →

Similar companies

Active · Trade services · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
UNIQUE SYSTEM (UK) LIMITED→ SC356252 · est 2009	£28.64M £21.48M–£35.80M	£23.27M	—	3800	17y	95	65y
UNITY WELL INTEGRITY UK LIMITED→ SC273906 · est 2004	£5.70M £4.27M–£7.12M	—	—	8200	21y	84	62y
JAMES JAMIESON CONSTRUCTION LIMITED→ SC386496 · est 2010	£2.69M £2.02M–£3.36M	£13.65M	—	3800	15y	84	68y
CASTLETON FRUIT LTD.→ SC369372 · est 2009	£2.18M £1.63M–£2.72M	£15.34M	—	30100	16y	83	52y
MINTRA LTD→ SC362194 · est 2009	£1.21M £909.4k–£1.52M	£11.76M	—	7500	16y	85	62y
PARK AND SHINE LTD→ SC380696 · est 2010	£52.9k £39.7k–£66.1k	—	—	300	15y	85	75y
ACUMEN FINANCIAL PLANNING LIMITED→ SC215343 · est 2001	—	—	£1.05M	—	25y	83	74y
ANIRAC LIMITED→ SC280789 · est 2005	—	—	£1.67M	—	21y	83	85y
ASHLEY PROPERTIES ABERDEEN LIMITED→ SC315836 · est 2007 · no financials extracted	—	—	—	—	19y	83	78y
BUILDTALL LIMITED→ SC235986 · est 2002	—	—	£4.39M	—	23y	83	59y
DRUMMUIR & BOTRIPHNIE COMMUNITY TRUST→ SC273043 · est 2004 · no financials extracted	—	—	—	—	21y	83	67y
EIJ DEVELOPMENTS LIMITED→ SC226210 · est 2001	—	—	£1.38M	—	24y	83	69y

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

Incorporated1977-07-06

Jurisdictionscotland

Primary SIC96090 — Other service activities n.e.c.

Registered office

10 South Headlands Crescent

Newtonhill

Stonehaven

Kincardineshire

AB39 3TT

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-12-19

Last: 2025-12-05

Officers (1 active · 3 resigned)

LEITH, David Brodie→

director · ~68y · appointed 2009-05-08

View their other companies + combined net worth →

Active

LEITH, Margaret Wallace→

secretary · resigned 2016-03-28

Resigned

LEITH, George Honeyman Clapperton→

director · ~99y · resigned 2009-04-15

Resigned

LEITH, Margaret Wallace→

director · ~98y · resigned 2016-03-28

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:4 of 4 shown

		Type	Properties
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	12/10/1979	24/02/2026
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	13/08/1979	24/02/2026
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	22/08/1978	24/02/2026
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	04/08/1978	24/02/2026

Recent filings (106 total)

mortgage-satisfy-charge-full

mortgage · MR04

2026-02-24

mortgage-satisfy-charge-full

mortgage · MR04

2026-02-24

mortgage-satisfy-charge-full

mortgage · MR04

2026-02-24

mortgage-satisfy-charge-full

mortgage · MR04

2026-02-24

confirmation-statement-with-updates

confirmation-statement · CS01

2025-12-10