LIVN MANUFACTURING LIMITED
💤Zombieactive
SC156276 · ltd · incorporated 1995-03-01
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 Mar 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Manufacture of other furniture
Sector: Manufacturing
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (70/100, director aged 58). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 12 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
18 live charges · 12 lenders · oldest 29.4y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 29.4 years old — likely at or near maturity.
- · 12 lenders named — inter-creditor friction likely.
- · 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
18 charges (18/18 with lender, 18/18 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 5 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
160 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.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 42 | 4200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals 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
1
filing
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (69 events)Click to expand
- 2025-12-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-30📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2024-11-22📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2024-11-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-11-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-11-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-20🔓Charge satisfied #11
- 2024-11-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-19🔒Charge registered #17Lender: Bank of Scotland PLC
- 2024-11-19🔓Charge satisfied #12
- 2024-11-19🔓Charge satisfied #13
- 2024-11-19🔓Charge satisfied #10
- 2024-11-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-18🔓Charge satisfied #15
- 2024-11-07🔒Charge registered #18Lender: Bank of Scotland PLC
- 2024-07-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-07-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-07-03📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2024-07-03📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2024-03-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-12📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2022-11-12📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2022-11-12📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2022-11-12📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2022-11-03🔒Charge registered #16Lender: Skipton Business Finance Limited
- 2019-09-21🔒Charge registered #15Lender: Dsl Business Finance Limited
- 2019-04-18🔓Charge satisfied #14
- 2018-07-16🔒Charge registered #14Lender: Dsl Business Finance Limited
- 2018-06-15🔒Charge registered #12Lender: Barclays Bank PLC
- 2018-06-11🔒Charge registered #13Lender: Barclays Bank PLC
- 2018-04-04🔒Charge registered #11Lender: Barclays Bank PLC (01026167)
- 2018-04-03🔓Charge satisfied #9
- 2018-04-03🔓Charge satisfied #8
- 2018-04-03🔓Charge satisfied #7
- 2018-01-18🔒Charge registered #10Lender: Barclays Bank PLC
- 2018-01-01➕CONNACHAN, Stephen Edward appointedsecretary
- 2018-01-01➖HENRY, Gordon William resignedsecretary
- 2017-11-13🔒Charge registered #9Lender: Lloyds Bank Commercial Finance LTD
- 2017-01-31🔒Charge registered #8Lender: Ashton Investments Limited
- 2016-12-06🔓Charge satisfied #6
- 2016-12-06🔓Charge satisfied #4
- 2016-10-10🔓Charge satisfied #5
- 2013-09-25🔓Charge satisfied #3
- 2013-07-02🔒Charge registered #7Lender: Bank of Scotland PLC
- 2012-12-10🔒Charge registered #6Lender: West of Scotland Loan Fund
- 2012-09-05🔒Charge registered #5Lender: Developing Strathclyde Limited
Showing most recent 50 of 69 events
Owner dependency
93/100
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.
- +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
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.
- primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 31 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Livn Group Limited holds 25-50% — a significant corporate investor but not a controlling parent.
🏛️significant stake
Livn Group Limited
Corporate parent · holds 25-50% shares
⬇
LIVN MANUFACTURING LIMITED
This company · SC156276
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Stephen Edward Connachan Individual · British · DOB 08/1968 · age 58 | 50–75% | 50–75% | board control50-75% shares · 50-75% voting · board control | 14/03/2017 |
Livn Group Limited Corporate entity | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 14/03/2017 |
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 · Manufacturing · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| KINNOCH CLOTHING LIMITED→ SC724777 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| LINAKTIC LIMITED→ SC774578 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| LLOYDS CAPITAL LTD→ SC606761 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| LMB ENTERPRISES LIMITED→ SC488813 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| LOGO PRINTED BLINDS LTD→ SC383555 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| LUCKY ELEVEN LTD→ SC675507 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| LUNAJEWELLERY.ROCKS LTD→ SC596549 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| LUNARLIGHT TECHNOLOGIES LIMITED→ SC857957 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MACKAY & INGLIS LIMITED→ SC060615 · est 1976 · no financials extracted | — | — | — | — | 49y | — | — |
| MACKENZIE FRAMING LTD→ SC755025 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| MACLEAN UK LTD.→ SC306353 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| MACNEIL TRAINING AND DEVELOPMENTS LIMITED→ SC111718 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated1995-03-01
Jurisdictionscotland
Primary SIC31090 — Manufacture of other furniture
Registered office
2-8 Telford Road
Cumbernauld
Glasgow
G67 2AX
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-15
Last: 2026-03-01
Officers (2 active · 6 resigned)
CONNACHAN, Stephen Edward→
Activesecretary · appointed 2018-01-01
View their other companies + combined net worth →
CONNACHAN, Stephen Edward→
Activedirector · ~58y · appointed 1995-03-02
View their other companies + combined net worth →
HENRY, Gordon William→
Resignedsecretary · appointed 1995-03-01 · resigned 2018-01-01
REID, Brian→
Resignednominee-secretary · appointed 1995-03-01 · resigned 1995-03-01
BROCK, Craig→
Resigneddirector · ~82y · appointed 1995-03-01 · resigned 2002-04-22
CONNACHAN, Edward→
Resigneddirector · ~84y · appointed 1995-03-01 · resigned 2002-04-22
HENRY, Gordon William→
Resigneddirector · ~73y · appointed 1995-03-01 · resigned 2002-04-22
MABBOTT, Stephen→
Resignednominee-director · ~76y · appointed 1995-03-01 · resigned 1995-03-01
Click a director name to see their full track record across all companies.
Mortgages & charges
18
Total charges
3
Outstanding
2
Active lenders
Status:Lender:18 of 18 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 19/11/2024 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 07/11/2024 | — | |
| outstanding | Skipton Business Finance Skipton Business Finance Limited | A registered charge | 1 property | 03/11/2022 | — | |
| satisfied | Dsl Business Finance Dsl Business Finance Limited | A registered charge | — | 21/09/2019 | 18/11/2024 | |
| satisfied | Dsl Business Finance Dsl Business Finance Limited | A registered charge | — | 16/07/2018 | 18/04/2019 | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 15/06/2018 | 19/11/2024 | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 11/06/2018 | 19/11/2024 | |
| satisfied | Barclays Barclays Bank PLC (01026167) | A registered charge | 2 properties | 04/04/2018 | 20/11/2024 | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 18/01/2018 | 19/11/2024 | |
| satisfied | Lloyds Banking Group Lloyds Bank Commercial Finance LTD | A registered charge | — | 13/11/2017 | 03/04/2018 | |
| satisfied | Ashton Investments Ashton Investments Limited | A registered charge | 1 property | 31/01/2017 | 03/04/2018 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 02/07/2013 | 03/04/2018 | |
| satisfied | West of Scotland Loan Fund | Bond & floating charge | 1 property | 10/12/2012 | 06/12/2016 | |
| satisfied | Developing Strathclyde Developing Strathclyde Limited | Bond & floating charge | 1 property | 05/09/2012 | 10/10/2016 | |
| satisfied | West of Scotland Loan Fund West of Scotland Loan Fund Limited | Floating charge | 1 property | 30/10/2007 | 06/12/2016 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 22/10/2007 | 25/09/2013 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 24/04/2002 | 07/01/2010 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 18/12/1996 | 02/12/2002 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (160 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-12
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2024-11-30
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2024-11-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-20
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-20
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-19
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-19
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-19
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-07-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-03