CORNICHE (EDINBURGH) LIMITED

💤Zombieactive
SC074990 · ltd · incorporated 1981-05-29
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
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
—
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Turnover
—
year to May 2025
Net worth
£225.6k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Retail sale of clothing in specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 82-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 75/100. Strong seller-intent signal (78/100, director aged 82). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 35.1y

30/100
under pressure

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

  • · Oldest live charge is 35.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · 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
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
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
96 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
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
77
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 £225,590
Cash YoY
-11%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£109k
↓ 11% YoY
Net Worth
£226k
↑ 1.0% YoY
Current Assets
£286k
↓ 7.0% YoY
Current Liabilities
—
£0£61k£123k£184k£246k£307kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-31
Total assets£241.3k£249.1k
Current assets£285.7k£307.3k
Cash£109.3k£123.4k
Debtors£40.1k£36.8k
Net assets£225.6k£223.3k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal 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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-02-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-02-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-02-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-02-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-02-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-02-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-10-20
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2016-10-20
    🔓
    Charge satisfied #3
  13. 2016-02-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-12-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-02-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2014-12-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2008-01-01
    ➖
    GRANT, Julian resigned
    director
  18. 1995-09-01
    🔒
    Charge registered #4
    Lender: The Governor and Company of the Bank of Scotland
  19. 1994-06-07
    🔓
    Charge satisfied #2
  20. 1994-06-06
    🔓
    Charge satisfied #1
  21. 1994-05-23
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  22. 1992-04-06
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  23. 1991-05-27
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  24. 1981-05-29
    🏢
    Company incorporated
    As CORNICHE (EDINBURGH) LIMITED

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 82 — succession pressure is live.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 82 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 45 years old and no new directors in the last 3 years — succession not yet being planned internally.

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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Ms Nina Paterson Grant
Individual · British · DOB 05/1944 · age 82
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

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.

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Similar companies

Active · Retail · EH postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
PENTLAND KITCHENS LIMITED→
SC307579 · est 2006
£710.4k
£532.8k–£888.0k
——200019y8363y
LYON & TURNBULL LIMITED→
SC191166 · est 1998
£551.7k
£413.8k–£689.6k
——7527y8577y
FESTIVAL FRINGE TRADING LIMITED→
SC130813 · est 1991
£497.4k
£373.1k–£621.8k
——035y8577y
M&F FUNERAL SERVICES LIMITED→
SC365033 · est 2009
£273.1k
£204.9k–£341.4k
——1116y8861y
DRINX.COM LIMITED→
SC203859 · est 2000
——£353.7k—26y8363y
GLASGOW ARCHITECTURAL SALVAGE LIMITED→
SC248258 · est 2003 · no financials extracted
————23y8358y
GLENTERRIN LIMITED→
SC116076 · est 1989
———710037y8364y
GRAHAM TISO LIMITED→
SC081944 · est 1983 · no financials extracted
————43y8360y
NGS TRADING COMPANY LIMITED→
SC312797 · est 2006 · no financials extracted
————19y8368y
PLANET FLOWERS LTD.→
SC212761 · est 2000
——£208.8k—25y8378y
THE DORMANT DISTILLERY COMPANY LIMITED→
SC172078 · est 1997
———6429y8362y
THE GREAT GROG COMPANY LIMITED→
SC194873 · est 1999
——£501.5k—27y8364y
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
Incorporated1981-05-29
Jurisdictionscotland
Primary SIC47710 — Retail sale of clothing in specialised stores

Registered office

2 Jeffrey Street
Edinburgh
EH1 1DT

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-12-22
Last: 2025-12-08

Officers (2 active · 1 resigned)

GRANT, Nina Paterson→
secretary
View their other companies + combined net worth →
Active
GRANT, Nina Paterson→
director · ~82y
View their other companies + combined net worth →
Active
GRANT, Julian→
director · ~61y · resigned 2008-01-01
Resigned

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

Mortgages & charges

4
Total charges
1
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property01/09/1995—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property23/05/199420/10/2016
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property06/04/199207/06/1994
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property27/05/199106/06/1994
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (96 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-02-27