SHETLAND LEASING AND PROPERTY DEVELOPMENTS LIMITED

⚰️Wound downdissolved
SC071854 · ltd · incorporated 1980-06-16
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 45.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
50/100
Worth a look
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 50/100 (worth a look), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (58/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

1 live charge · oldest 45.0y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 45.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (55/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
38 officers (1 active, 38 linked, 31 with DOB)
86
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
Network not yet resolved
30
Filing history
257 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
50/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

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 (96 events)Click to expand
  1. 2023-07-03
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2023-07-03
    🏁
    Company dissolved
  3. 2023-04-03
    ⚠️
    liquidation-voluntary-members-return-of-final-meeting-scotland
    insolvency · LIQ13(Scot)
  4. 2022-10-03
    ➖
    MANSON, Jamie resigned
    director
  5. 2022-10-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2022-04-04
    📄
    resolution
    resolution · RESOLUTIONS
  7. 2022-03-10
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  8. 2022-03-01
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  9. 2020-12-19
    📄
    accounts-with-accounts-type-small
    accounts · AA
  10. 2020-10-29
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC03
  11. 2020-10-29
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  12. 2019-12-04
    📄
    accounts-with-accounts-type-full
    accounts · AA
  13. 2019-07-08
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  14. 2019-06-27
    ➖
    BRUNTON, Susan resigned
    secretary
  15. 2019-02-26
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  16. 2019-02-26
    ⚠️
    legacy
    insolvency · CAP-SS
  17. 2019-02-26
    📄
    legacy
    capital · SH20
  18. 2019-02-26
    📄
    resolution
    resolution · RESOLUTIONS
  19. 2018-12-17
    📄
    accounts-with-accounts-type-full
    accounts · AA
  20. 2018-11-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2018-11-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  22. 2018-11-06
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  23. 2018-11-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  24. 2018-11-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2018-11-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  26. 2018-10-23
    ➕
    SINCLAIR, Robert Magnus appointed
    director
  27. 2018-10-23
    ➕
    BRUNTON, Susan appointed
    secretary
  28. 2018-10-23
    ➖
    CHRISTIE, Ruth Carla resigned
    secretary
  29. 2018-10-23
    ➖
    ANDERSON, George Brian resigned
    director
  30. 2018-10-23
    ➖
    CLARK, Colin Cruikshank resigned
    director
  31. 2018-10-23
    ➕
    MANSON, Jamie appointed
    director
  32. 2018-10-23
    ➖
    MANSON, William Henry resigned
    director
  33. 2018-10-23
    ➖
    THOMSON, Michael Henry resigned
    director
  34. 2018-03-31
    ➖
    GROAT, Susan Elizabeth resigned
    director
  35. 2018-01-15
    ➕
    ANDERSON, George Brian appointed
    director
  36. 2018-01-15
    ➕
    CLARK, Colin Cruikshank appointed
    director
  37. 2014-08-18
    ➕
    THOMSON, Michael Henry appointed
    director
  38. 2013-11-22
    ➖
    LEASK, Bryan James resigned
    director
  39. 2013-07-25
    ➕
    CHRISTIE, Ruth Carla appointed
    secretary
  40. 2013-07-25
    ➖
    GODDARD, Jeffrey Paul resigned
    secretary
  41. 2012-12-01
    ➖
    DOULL, Adam Thomas resigned
    director
  42. 2012-12-01
    ➖
    DUNCAN, Allison George Leslie resigned
    director
  43. 2012-12-01
    ➕
    GROAT, Susan Elizabeth appointed
    director
  44. 2012-12-01
    ➖
    HENDERSON, Robert Simpson resigned
    director
  45. 2012-12-01
    ➖
    HENRY, James Herculson resigned
    director
  46. 2012-12-01
    ➕
    LEASK, Bryan James appointed
    director
  47. 2012-12-01
    ➖
    MILLER, Caroline Helen Janette resigned
    director
  48. 2011-12-15
    ➖
    CLUNESS, Alexander Jamieson resigned
    director
  49. 2011-09-28
    ➖
    HAWKINS, Iris Jean resigned
    director
  50. 2009-09-22
    ➕
    DOULL, Adam Thomas appointed
    director
Showing most recent 50 of 96 events

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

65/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 46 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

2 high ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2023-07-03

3 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2023-07-03: gazette-dissolved-liquidation; 2023-04-03: liquidation-voluntary-members-return-of-final-meeting-scotland

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Shetland Islands Council
Individual
75–100%
75–100%board control75-100% shares · 75-100% voting · board control23/10/2018
4 historic (ceased) PSCs
  • Shetland Charitable Trustceased 01/04/2017· 75-100% shares
  • Ms Susan Elizabeth Groatceased 06/04/2016· 25-50% voting
  • Mr William Henry Mansonceased 06/04/2016· 25-50% voting
  • Mr Michael Henry Thomsonceased 06/04/2016· 25-50% voting

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Property · ZE postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
LEAGARTH ESTATES LIMITED→
SC032734 · est 1957
£555.6k
£472.3k–£639.0k
—£555.6k—68y8171y
M.I.A. (PROPERTIES) LIMITED→
SC233583 · est 2002
£69.5k
£59.1k–£80.0k
—£69.5k—23y8269y
EID DEVELOPMENTS LTD.→
SC274955 · est 2004
£59.0k
£50.1k–£67.8k
—£59.0k—21y8064y
G & E PROPERTIES (SHETLAND) LTD→
SC642636 · est 2019
£21.7k
£18.4k–£24.9k
—£21.7k—6y7959y
NORTHERN ROCK PROPERTIES LIMITED→
SC526769 · est 2016
£7.6k
£6.4k–£8.7k
—£7.6k—10y7858y
IRVINE ENTERPRISES SHETLAND LIMITED→
SC136867 · est 1992
———50034y8264y
DTM PROPERTY LETTING SERVICES LIMITED→
SC362655 · est 2009
———016y8066y
GLOBE BUTCHERS→
SC245569 · est 2003
———10023y8060y
ADAMSON BROS (SHETLAND) LIMITED→
SC143091 · est 1993
———10033y7973y
DERRYARKIN ASSET MGT LTD→
SC506541 · est 2015
———010y7959y
M & M JOHNSON INVESTMENTS LIMITED→
SC257477 · est 2003
———222y7965y
GARTH ESTATE LIMITED→
SC650045 · est 2019
———3006y7760y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

10 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

Statusdissolved
Typeltd
Incorporated1980-06-16
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

8 North Ness
Lerwick
Shetland
ZE1 0LZ
Scotland

Filing status

Accounts
Next due: —
Last made up to: 2020-03-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 37 resigned)

SINCLAIR, Robert Magnus→
director · ~58y · appointed 2018-10-23
View their other companies + combined net worth →
Active
BRUNTON, Susan→
secretary · appointed 2018-10-23 · resigned 2019-06-27
Resigned
CHRISTIE, Ruth Carla→
secretary · appointed 2013-07-25 · resigned 2018-10-23
Resigned
CORNICK, James→
secretary · appointed 1991-03-22 · resigned 1992-08-07
Resigned
GODDARD, Jeffrey Paul→
secretary · appointed 2003-05-07 · resigned 2013-07-25
Resigned
GREEN, Malcolm Eric→
secretary · appointed 1990-01-01 · resigned 1991-03-22
Resigned
D.W. COMPANY SERVICES LIMITED→
corporate-secretary · resigned 1990-01-01
Resigned
DOWLE SMITH & RUTHERFORD→
corporate-secretary · appointed 1993-07-01 · resigned 2003-05-07
Resigned
ANDERSON, George Brian→
director · ~82y · appointed 2018-01-15 · resigned 2018-10-23
Resigned
ANDERSON, Robert James→
director · ~90y · appointed 1999-07-08 · resigned 2003-05-22
Resigned
ANDERSON, William Archibald→
director · ~107y · resigned 1994-07-15
Resigned
BLACK, Robert Irvine→
director · ~94y · appointed 1999-07-08 · resigned 2003-05-22
Resigned
CHEYNE, Barbara Jane→
director · ~79y · appointed 2003-05-22 · resigned 2007-05-30
Resigned
CLARK, Colin Cruikshank→
director · ~73y · appointed 2018-01-15 · resigned 2018-10-23
Resigned
CLUNESS, Alexander Jamieson→
director · ~85y · appointed 1999-07-08 · resigned 2011-12-15
Resigned
DOULL, Adam Thomas→
director · ~81y · appointed 2009-09-22 · resigned 2012-12-01
Resigned
DUNCAN, Allison George Leslie→
director · ~80y · appointed 2007-05-30 · resigned 2012-12-01
Resigned
EUNSON, Cecil Burgess→
director · ~98y · appointed 2003-05-22 · resigned 2007-12-25
Resigned
GRAHAM, John James→
director · ~105y · resigned 1994-07-15
Resigned
GRAINS, Florence Barbara→
director · ~94y · appointed 2003-05-22 · resigned 2007-05-30
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Shetland Islands Council
Bond & floating charge1 property16/04/198107/09/2007

Recent filings (257 total)

gazette-dissolved-liquidation
gazette · GAZ2
2023-07-03
liquidation-voluntary-members-return-of-final-meeting-scotland
insolvency · LIQ13(Scot)
2023-04-03
termination-director-company-with-name-termination-date
officers · TM01
2022-10-03
resolution
resolution · RESOLUTIONS
2022-04-04
gazette-filings-brought-up-to-date
gazette · DISS40
2022-03-10
gazette-notice-compulsory
gazette · GAZ1
2022-03-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-01
accounts-with-accounts-type-small
accounts · AA
2020-12-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC03
2020-10-29
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2020-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-05
accounts-with-accounts-type-full
accounts · AA
2019-12-04
termination-secretary-company-with-name-termination-date
officers · TM02
2019-07-08
confirmation-statement-with-updates
confirmation-statement · CS01
2019-04-03
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2019-02-26