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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 45.2y old — refinance window within 12 months
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
—
not disclosed
Net worth
—
book net assets
Opportunity
50/100
Worth a look
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 45.2y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 45.2 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
- 2023-07-03⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2023-07-03🏁Company dissolved
- 2023-04-03⚠️liquidation-voluntary-members-return-of-final-meeting-scotlandinsolvency · LIQ13(Scot)
- 2022-10-03➖MANSON, Jamie resigneddirector
- 2022-10-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-04-04📄resolutionresolution · RESOLUTIONS
- 2022-03-10📄gazette-filings-brought-up-to-dategazette · DISS40
- 2022-03-01📄gazette-notice-compulsorygazette · GAZ1
- 2020-12-19📄accounts-with-accounts-type-smallaccounts · AA
- 2020-10-29📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC03
- 2020-10-29📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2019-12-04📄accounts-with-accounts-type-fullaccounts · AA
- 2019-07-08📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2019-06-27➖BRUNTON, Susan resignedsecretary
- 2019-02-26📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2019-02-26⚠️legacyinsolvency · CAP-SS
- 2019-02-26📄legacycapital · SH20
- 2019-02-26📄resolutionresolution · RESOLUTIONS
- 2018-12-17📄accounts-with-accounts-type-fullaccounts · AA
- 2018-11-06📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-11-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-11-06📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2018-11-06📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-11-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-11-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-10-23➕SINCLAIR, Robert Magnus appointeddirector
- 2018-10-23➕BRUNTON, Susan appointedsecretary
- 2018-10-23➖CHRISTIE, Ruth Carla resignedsecretary
- 2018-10-23➖ANDERSON, George Brian resigneddirector
- 2018-10-23➖CLARK, Colin Cruikshank resigneddirector
- 2018-10-23➕MANSON, Jamie appointeddirector
- 2018-10-23➖MANSON, William Henry resigneddirector
- 2018-10-23➖THOMSON, Michael Henry resigneddirector
- 2018-03-31➖GROAT, Susan Elizabeth resigneddirector
- 2018-01-15➕ANDERSON, George Brian appointeddirector
- 2018-01-15➕CLARK, Colin Cruikshank appointeddirector
- 2014-08-18➕THOMSON, Michael Henry appointeddirector
- 2013-11-22➖LEASK, Bryan James resigneddirector
- 2013-07-25➕CHRISTIE, Ruth Carla appointedsecretary
- 2013-07-25➖GODDARD, Jeffrey Paul resignedsecretary
- 2012-12-01➖DOULL, Adam Thomas resigneddirector
- 2012-12-01➖DUNCAN, Allison George Leslie resigneddirector
- 2012-12-01➕GROAT, Susan Elizabeth appointeddirector
- 2012-12-01➖HENDERSON, Robert Simpson resigneddirector
- 2012-12-01➖HENRY, James Herculson resigneddirector
- 2012-12-01➕LEASK, Bryan James appointeddirector
- 2012-12-01➖MILLER, Caroline Helen Janette resigneddirector
- 2011-12-15➖CLUNESS, Alexander Jamieson resigneddirector
- 2011-09-28➖HAWKINS, Iris Jean resigneddirector
- 2009-09-22➕DOULL, Adam Thomas appointeddirector
Showing most recent 50 of 96 events
Owner dependency
83/100
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.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
65/100
Strong succession signalMultiple 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
highCompany 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
highFilings 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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Shetland Islands Council Individual | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 23/10/2018 |
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| 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 |
| LEAGARTH ESTATES LIMITED→ SC032734 · est 1957 | £555.6k £472.3k–£639.0k | — | £555.6k | — | 68y | 81 | 71y |
| 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 |
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→
Activedirector · ~58y · appointed 2018-10-23
View their other companies + combined net worth →
BRUNTON, Susan→
Resignedsecretary · appointed 2018-10-23 · resigned 2019-06-27
CHRISTIE, Ruth Carla→
Resignedsecretary · appointed 2013-07-25 · resigned 2018-10-23
CORNICK, James→
Resignedsecretary · appointed 1991-03-22 · resigned 1992-08-07
GODDARD, Jeffrey Paul→
Resignedsecretary · appointed 2003-05-07 · resigned 2013-07-25
GREEN, Malcolm Eric→
Resignedsecretary · appointed 1990-01-01 · resigned 1991-03-22
D.W. COMPANY SERVICES LIMITED→
Resignedcorporate-secretary · resigned 1990-01-01
DOWLE SMITH & RUTHERFORD→
Resignedcorporate-secretary · appointed 1993-07-01 · resigned 2003-05-07
ANDERSON, George Brian→
Resigneddirector · ~82y · appointed 2018-01-15 · resigned 2018-10-23
ANDERSON, Robert James→
Resigneddirector · ~90y · appointed 1999-07-08 · resigned 2003-05-22
ANDERSON, William Archibald→
Resigneddirector · ~107y · resigned 1994-07-15
BLACK, Robert Irvine→
Resigneddirector · ~94y · appointed 1999-07-08 · resigned 2003-05-22
CHEYNE, Barbara Jane→
Resigneddirector · ~79y · appointed 2003-05-22 · resigned 2007-05-30
CLARK, Colin Cruikshank→
Resigneddirector · ~73y · appointed 2018-01-15 · resigned 2018-10-23
CLUNESS, Alexander Jamieson→
Resigneddirector · ~85y · appointed 1999-07-08 · resigned 2011-12-15
DOULL, Adam Thomas→
Resigneddirector · ~81y · appointed 2009-09-22 · resigned 2012-12-01
DUNCAN, Allison George Leslie→
Resigneddirector · ~80y · appointed 2007-05-30 · resigned 2012-12-01
EUNSON, Cecil Burgess→
Resigneddirector · ~98y · appointed 2003-05-22 · resigned 2007-12-25
GRAHAM, John James→
Resigneddirector · ~105y · resigned 1994-07-15
GRAINS, Florence Barbara→
Resigneddirector · ~94y · appointed 2003-05-22 · resigned 2007-05-30
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Shetland Islands Council | Bond & floating charge | 1 property | 16/04/1981 | 07/09/2007 |
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