KENMORE ESTATES LIMITED

💤Zombieactive
SC147287 · ltd · incorporated 1993-11-02
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 opening · medium confidence
More negotiable than before — 1 signals weakening over the last 30 days.
  • · Deal-killer verdict: workable → complicated
What changed my view
Last 30 days

Picture worsened over the last 30 days — 1 negative signal vs 0 positive.

  • ↓Deal-killer verdict: workable → complicated
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
—
year to Sept 2025
Net worth
£-1.10M
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Hotels and similar accommodation
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (93/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 32.6y

15/100
under pressure

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

  • · Oldest live charge is 32.6 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (88/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
14 officers (2 active, 14 linked, 9 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
141 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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
Negative net assets
Liabilities exceed assets by £1,104,012
Net assets shrinking
Down £1,516,475 YoY

Key financials

3 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£1.1m
↓ 368% YoY
Current Assets
£132k
↓ 92% YoY
Current Liabilities
—
-£1.1m-£506k£92k£689k£1.3m£1.9mSept 2023Sept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-09-302024-09-302023-09-30
Total assets£100.5k£1.57M£1.82M
Current assets£131.8k£1.62M£1.89M
Cash—£6.8k£17.3k
Debtors£131.8k£1.61M£1.87M
Net assets£-1.10M£412.5k£-548.1k

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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (53 events)Click to expand
  1. 2026-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-08-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-03-18
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  4. 2025-03-14
    ➕
    TURNBULL, Steven appointed
    secretary
  5. 2024-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-11-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2022-11-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  9. 2022-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-09-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2022-08-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2022-02-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-07-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2020-07-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2020-07-17
    ➖
    FLINN, Andrew Peter resigned
    director
  17. 2020-07-17
    ➖
    TURNBULL, Steven Francis resigned
    director
  18. 2020-05-04
    📄
    accounts-with-accounts-type-small
    accounts · AA
  19. 2019-11-09
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  20. 2019-11-06
    📄
    accounts-with-accounts-type-small
    accounts · AA
  21. 2018-09-28
    🔓
    Charge satisfied #5
  22. 2018-08-29
    🔓
    Charge satisfied #4
  23. 2017-12-31
    ➖
    TURNBULL, Steven Francis resigned
    secretary
  24. 2004-08-02
    ➖
    HIROZ, John resigned
    director
  25. 2004-03-31
    ➕
    FLINN, Andrew Peter appointed
    director
  26. 2004-03-31
    ➕
    TURNBULL, Steven Francis appointed
    director
  27. 2000-03-20
    🔓
    Charge satisfied #3
  28. 2000-03-20
    🔓
    Charge satisfied #2
  29. 2000-02-11
    🔒
    Charge registered #5
    Lender: Aib Group (UK) PLC
  30. 1999-09-06
    🔓
    Charge satisfied #1
  31. 1999-07-22
    🔒
    Charge registered #4
    Lender: Aib Group (UK) PLC
  32. 1999-02-26
    ➖
    MCMAHON, Peter Alan resigned
    director
  33. 1998-12-11
    ➕
    HIROZ, John appointed
    director
  34. 1998-12-07
    ➖
    THURMAN, John Lythall resigned
    secretary
  35. 1998-12-07
    ➕
    TURNBULL, Steven Francis appointed
    secretary
  36. 1998-12-07
    ➖
    THURMAN, John Lythall resigned
    director
  37. 1998-09-04
    ➕
    FLINN, John Malcolm appointed
    director
  38. 1998-09-04
    ➖
    GLASPER, Suzanne resigned
    director
  39. 1998-09-04
    ➕
    MCMAHON, Peter Alan appointed
    director
  40. 1996-08-17
    ➖
    HEEPS, Thomas resigned
    director
  41. 1996-07-05
    ➕
    HEEPS, Thomas appointed
    director
  42. 1996-06-27
    ➖
    WILTON STEER, Mark resigned
    director
  43. 1993-12-24
    🔒
    Charge registered #3
    Lender: Taymouth Castle Hotel Limited
  44. 1993-12-24
    🔒
    Charge registered #2
    Lender: Caledonian Bank PLC
  45. 1993-12-14
    🔒
    Charge registered #1
    Lender: Caledonian Bank PLC
  46. 1993-11-12
    ➕
    GLASPER, Suzanne appointed
    director
  47. 1993-11-02
    🏢
    Company incorporated
    As KENMORE ESTATES LIMITED
  48. 1993-11-02
    ➕
    CORPORATE ADMINISTRATION SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  49. 1993-11-02
    ➖
    CORPORATE ADMINISTRATION SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  50. 1993-11-02
    ➕
    THURMAN, John Lythall appointed
    director
Showing most recent 50 of 53 events

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.
  • +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 74 — succession pressure is live.

Succession & seller-readiness

95/100
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 74 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
  • 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.

Group structure

Floatrich Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Floatrich Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
KENMORE ESTATES LIMITED
This company · SC147287

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Floatrich Limited
Corporate entity
75–100%
—75-100% 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 →

Similar companies

Active · Hospitality · EH postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
THE BONHAM HOTEL EDINBURGH LIMITED→
SC118669 · est 1989
£13.13M
£9.85M–£16.41M
——6537y8369y
OMNI TAVERNS LTD.→
SC307655 · est 2006
£2.89M
£2.17M–£3.61M
——8519y8760y
ADJUSTLIGHT LIMITED→
SC139599 · est 1992 · no financials extracted
————33y8358y
ARCHERFIELD HOUSE HOTEL MANAGEMENT LIMITED→
SC272735 · est 2004 · no financials extracted
————21y8379y
COURT HOTEL SUITES LIMITED→
SC373209 · est 2010
——£553.1k—16y8364y
DESTINATION EDINBURGH LIMITED→
SC357298 · est 2009
——£254.5k—17y8358y
ELITE HOTELS LIMITED→
SC103199 · est 1987
———039y8376y
MORAG'S LODGES LIMITED→
SC192271 · est 1998 · no financials extracted
————27y8361y
SALTIRE HOSPITALITY LIMITED→
SC208776 · est 2000
———8326y8363y
SCOTS GUARDS ASSOCIATION CLUB, LIMITED→
SC013223 · est 1924
———6102y8380y
STAY CITY APARTMENTS LTD.→
SC338588 · est 2008 · no financials extracted
————18y8359y
SURGEONS QUARTER LIMITED→
SC256751 · est 2003 · no financials extracted
————22y8382y
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
Incorporated1993-11-02
Jurisdictionscotland
Primary SIC55100 — Hotels and similar accommodation

Registered office

60 Constitution Street
Leith
Edinburgh
Lothian
EH6 6RR
Scotland

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-11-16
Last: 2025-11-02

Officers (2 active · 12 resigned)

TURNBULL, Steven→
secretary · appointed 2025-03-14
View their other companies + combined net worth →
Active
FLINN, John Malcolm→
director · ~74y · appointed 1998-09-04
View their other companies + combined net worth →
Active
THURMAN, John Lythall→
secretary · resigned 1998-12-07
Resigned
TURNBULL, Steven Francis→
secretary · appointed 1998-12-07 · resigned 2017-12-31
Resigned
CORPORATE ADMINISTRATION SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1993-11-02 · resigned 1993-11-02
Resigned
FLINN, Andrew Peter→
director · ~74y · appointed 2004-03-31 · resigned 2020-07-17
Resigned
GLASPER, Suzanne→
director · ~61y · appointed 1993-11-12 · resigned 1998-09-04
Resigned
HEEPS, Thomas→
director · ~82y · appointed 1996-07-05 · resigned 1996-08-17
Resigned
HIROZ, John→
director · ~82y · appointed 1998-12-11 · resigned 2004-08-02
Resigned
MCMAHON, Peter Alan→
director · ~74y · appointed 1998-09-04 · resigned 1999-02-26
Resigned
THURMAN, John Lythall→
director · ~71y · appointed 1993-11-02 · resigned 1998-12-07
Resigned
TURNBULL, Steven Francis→
director · ~54y · appointed 2004-03-31 · resigned 2020-07-17
Resigned
WILTON STEER, Mark→
director · ~67y · appointed 1993-11-02 · resigned 1996-06-27
Resigned
CORPORATE ADMINISTRATION SECRETARIES LIMITED→
corporate-nominee-director · appointed 1993-11-02 · resigned 1993-11-02
Resigned

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

Mortgages & charges

5
Total charges
0
Outstanding
0
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Floating charge1 property11/02/200028/09/2018
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Standard security1 property22/07/199929/08/2018
satisfied
Taymouth Castle Hotel
Taymouth Castle Hotel Limited
Standard security1 property24/12/199320/03/2000
satisfied
Caledonian Bank
Caledonian Bank PLC
Standard security1 property24/12/199320/03/2000
satisfied
Caledonian Bank
Caledonian Bank PLC
Bond & floating charge1 property14/12/199306/09/1999

Recent filings (141 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-18
appoint-person-secretary-company-with-name-date
officers · AP03
2025-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-29
change-person-director-company-with-change-date
officers · CH01
2022-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-03
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-11-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-09-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-08-19