GARVENNEL LTD.

💤Zombieactive
SC153733 · ltd · incorporated 1994-10-20
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
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
£-392
book net assets
Opportunity
82/100
Exceptional
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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
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 72). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 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 30.9y

30/100
under pressure

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

  • · Oldest live charge is 30.9 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
8 officers (1 active, 8 linked, 4 with DOB)
80
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
97 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
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 £392
Net assets shrinking
Down £817 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£392
↓ 192% YoY
Current Assets
£11k
↑ 48% YoY
Current Liabilities
—
-£392£2k£4k£7k£9k£11kSept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-09-302024-09-30
Total assets£12.6k£8.5k
Current assets£11.1k£7.5k
Net assets£-392£425

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

Recent activity

Last 30 days
0
filings
Last 90 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-02-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-03-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-05-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-11-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-03-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-01-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2021-04-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-12-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-04-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-01-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2017-03-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-01-10
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2017-01-10
    🔓
    Charge satisfied #2
  14. 2017-01-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2016-02-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2013-12-19
    ➖
    MACPHAIL, Iain Stuart resigned
    secretary
  17. 2010-11-03
    ➖
    MCMAHON, Paul James resigned
    director
  18. 2009-08-28
    🔓
    Charge satisfied #4
  19. 2008-03-07
    ➕
    DENHOLM-HAY, Duncan Ian appointed
    director
  20. 2002-06-30
    ➖
    FAIRBAIRN, Vincent resigned
    secretary
  21. 2002-06-30
    ➕
    MACPHAIL, Iain Stuart appointed
    secretary
  22. 2002-06-18
    🔒
    Charge registered #4
    Lender: The Governor and Company of the Bank of Scotland
  23. 2001-02-15
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  24. 2000-10-17
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  25. 2000-07-14
    ➕
    FAIRBAIRN, Vincent appointed
    secretary
  26. 2000-07-14
    ➖
    MCMAHON, Paul James resigned
    secretary
  27. 2000-07-14
    ➖
    FAIRBAIRN, Vincent resigned
    director
  28. 1995-06-06
    🔒
    Charge registered #1
    Lender: Duncan Ian Denholm-Hay
  29. 1995-01-10
    ➕
    MCMAHON, Paul James appointed
    secretary
  30. 1995-01-10
    ➕
    FAIRBAIRN, Vincent appointed
    director
  31. 1995-01-10
    ➕
    MCMAHON, Paul James appointed
    director
  32. 1994-10-25
    ➖
    YOUNGER, Miriam resigned
    nominee-secretary
  33. 1994-10-25
    ➖
    YOUNGER, Norman resigned
    nominee-director
  34. 1994-10-20
    🏢
    Company incorporated
    As GARVENNEL LTD.
  35. 1994-10-20
    ➕
    YOUNGER, Miriam appointed
    nominee-secretary
  36. 1994-10-20
    ➕
    YOUNGER, Norman appointed
    nominee-director

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 18 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 72 — succession pressure is live.

Succession & seller-readiness

98/100
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 72 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 32 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr. Duncan Denholm-Hay
Individual · Scottish · DOB 11/1954 · age 72
75–100%
—75-100% shares23/10/2016

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

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
Incorporated1994-10-20
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Top Floor 15a King Street
Inverkeithing
KY11 1NB
Scotland

Filing status

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

Officers (1 active · 7 resigned)

DENHOLM-HAY, Duncan Ian→
director · ~72y · appointed 2008-03-07
View their other companies + combined net worth →
Active
FAIRBAIRN, Vincent→
secretary · appointed 2000-07-14 · resigned 2002-06-30
Resigned
MACPHAIL, Iain Stuart→
secretary · appointed 2002-06-30 · resigned 2013-12-19
Resigned
MCMAHON, Paul James→
secretary · appointed 1995-01-10 · resigned 2000-07-14
Resigned
YOUNGER, Miriam→
nominee-secretary · appointed 1994-10-20 · resigned 1994-10-25
Resigned
FAIRBAIRN, Vincent→
director · ~64y · appointed 1995-01-10 · resigned 2000-07-14
Resigned
MCMAHON, Paul James→
director · ~60y · appointed 1995-01-10 · resigned 2010-11-03
Resigned
YOUNGER, Norman→
nominee-director · ~59y · appointed 1994-10-20 · resigned 1994-10-25
Resigned

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

Mortgages & charges

4
Total charges
2
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property18/06/200228/08/2009
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property15/02/2001—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property17/10/200010/01/2017
outstanding
Duncan Ian Denholm-Hay
Standard security1 property06/06/1995—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (97 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-21
accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-03
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-07
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-07
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-21
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-11
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-02