LEARNELD LIMITED

💤Zombieactive
SC110339 · ltd · incorporated 1988-04-11
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
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Turnover
year to Mar 2025
Net worth
£595.7k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 85/100. Strong seller-intent signal (68/100, director aged 55). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -88% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · oldest 18.5y

45/100
under pressure

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

  • · Oldest live charge is 18.5 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
75
Lenders & charges
3 charges (3/3 with lender, 3/3 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
2 connected companies via shared directors
51
Filing history
106 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
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
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 £595,704
Cash draining
Cash down 88% YoY
Cash YoY
-88%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£189
↓ 88% YoY
Net Worth
£596k
↑ 17% YoY
Current Assets
£153k
↑ 3.9% YoY
Current Liabilities
£0£119k£238k£357k£477k£596kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£647.9k£531.3k
Current assets£153.2k£147.5k
Cash£189£1.6k
Debtors£153.0k£145.8k
Net assets£595.7k£509.4k

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 (25 events)Click to expand
  1. 2025-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-10-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-04-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2023-04-28
    🔓
    Charge satisfied #1
  6. 2023-02-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2023-02-15
    🔓
    Charge satisfied #2
  8. 2022-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-11-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-07-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-01-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2019-12-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2019-12-05
    DUMAN, Anna resigned
    director
  14. 2019-12-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2019-12-03
    🔓
    Charge satisfied #3
  16. 2019-06-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-11-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2017-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2016-11-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2016-05-31
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  21. 2009-12-23
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  22. 2007-11-09
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  23. 2007-10-31
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  24. 2002-10-16
    DUMAN, Guy Mayer appointed
    director
  25. 1988-04-11
    🏢
    Company incorporated
    As LEARNELD LIMITED

Owner dependency

85/100
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.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100
Likely off-market candidate

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 38 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Guy Mayer Duman
Individual · British · DOB 02/1971 · age 55
5075%
50-75% shares06/04/2016

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 →

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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
Incorporated1988-04-11
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

25 Sandyford Place
Glasgow
G3 7NG
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-11
Last: 2025-05-28

Officers (2 active · 1 resigned)

DUMAN, Guy Mayer
secretary
View their other companies + combined net worth →
Active
DUMAN, Guy Mayer
director · ~55y · appointed 2002-10-16
View their other companies + combined net worth →
Active
DUMAN, Anna
director · ~91y · resigned 2019-12-05
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Barclays
Barclays Bank PLC
Standard security1 property23/12/200903/12/2019
satisfied
Barclays
Barclays Bank PLC
Standard security1 property09/11/200715/02/2023
satisfied
Barclays
Barclays Bank PLC
Floating charge1 property31/10/200728/04/2023

Recent filings (106 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-04
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-06
mortgage-satisfy-charge-full
mortgage · MR04
2023-04-28
mortgage-satisfy-charge-full
mortgage · MR04
2023-02-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-01-14