CAISTEAL ESTATES LTD.
💤Zombieactive
SC170079 · ltd · incorporated 1996-11-21
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 Nov 2024
Net worth
£316.2k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 75/100 (strong), bankability 65/100. Strong seller-intent signal (70/100, director aged 58). 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
11 live charges · 2 lenders · oldest 29.2y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 29.2 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 2 with DOB)
77
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
87 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
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £316,215
Cash YoY
+930%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£7k
↑ 930% YoY
Net Worth
£316k
↑ 3.0% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £1.82M | £1.83M |
| Cash | £7.1k | £690 |
| Net assets | £316.2k | £307.0k |
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 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (43 events)Click to expand
- 2025-10-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-08-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-11-25🔓Charge satisfied #1
- 2019-11-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-11-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-11-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-11-18🔒Charge registered #11Lender: Handelsbanken PLC
- 2019-11-18🔓Charge satisfied #5
- 2019-11-18🔓Charge satisfied #2
- 2019-11-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-11-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-11-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-11-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-11-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-11-07🔒Charge registered #10Lender: Handelsbanken PLC
- 2019-11-07🔒Charge registered #9Lender: Handelsbanken PLC
- 2019-11-07🔒Charge registered #8Lender: Handelsbanken PLC
- 2019-11-07🔒Charge registered #7Lender: Handelsbanken PLC
- 2019-10-25🔒Charge registered #6Lender: Handelsbanken PLC
- 2019-08-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2008-02-07➕SMITH, Steven James appointedsecretary
- 2008-02-07➕GREIG, Simon Jeffrey appointeddirector
- 2008-02-07➖GREIG, Simon Jeffrey resignedsecretary
- 2008-02-07➖SMITH, William Francis resigneddirector
- 2004-01-09🔒Charge registered #5Lender: The Governor and Company of the Bank of Scotland
- 2002-07-30🔒Charge registered #4Lender: The Governor and Company of the Bank of Scotland
- 1998-01-19🔒Charge registered #3Lender: The Governor and Company of the Bank of Scotland
- 1997-09-03🔒Charge registered #2Lender: The Governor and Company of the Bank of Scotland
- 1997-02-21🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1996-11-21🏢Company incorporatedAs CAISTEAL ESTATES LTD.
- 1996-11-21➕GREIG, Simon Jeffrey appointedsecretary
- 1996-11-21➕FIRST SCOTTISH SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 1996-11-21➖FIRST SCOTTISH SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 1996-11-21➕SMITH, William Francis appointeddirector
- 1996-11-21➕FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointedcorporate-nominee-director
- 1996-11-21➖FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resignedcorporate-nominee-director
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 18 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
78/100
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.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 29 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 · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
8 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr William Francis Smith Individual · British · DOB 11/1967 · age 59 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
Mr Simon Jeffrey Greig Individual · British · DOB 05/1968 · age 58 | — | — | board controlboard control | 06/04/2016 |
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 · Property · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| KCM PROPERTIES (SCOTLAND) LTD→ SC682749 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| KDC CLYDEBANK LIMITED→ SC683470 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| KEA HOMES LIMITED→ SC807940 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| KEDDYCORP LIMITED→ SC870871 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| KEENAN HOMES LTD→ SC777290 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| KELDHEAD AVENUE PROPERTIES LTD→ SC882777 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| KELEI PROPERTIES LIMITED→ SC486429 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| KELVIN MEADOWS LTD→ SC545174 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| KELVIN PROPERTY INVESTMENTS LTD→ SC605106 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| KELVIN RIVER PROPERTY ESTATES LIMITED→ SC496000 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| KELVIN RIVER TOWNHOUSES LIMITED→ SC520200 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| KELVINSTON PROPERTY LIMITED→ SC427296 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
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
Incorporated1996-11-21
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
6th Floor Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-12-05
Last: 2025-11-21
Officers (2 active · 4 resigned)
SMITH, Steven James→
Activesecretary · appointed 2008-02-07
View their other companies + combined net worth →
GREIG, Simon Jeffrey→
Activedirector · ~58y · appointed 2008-02-07
View their other companies + combined net worth →
GREIG, Simon Jeffrey→
Resignedsecretary · appointed 1996-11-21 · resigned 2008-02-07
FIRST SCOTTISH SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1996-11-21 · resigned 1996-11-21
SMITH, William Francis→
Resigneddirector · ~59y · appointed 1996-11-21 · resigned 2008-02-07
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→
Resignedcorporate-nominee-director · appointed 1996-11-21 · resigned 1996-11-21
Click a director name to see their full track record across all companies.
Mortgages & charges
11
Total charges
8
Outstanding
2
Active lenders
Status:Lender:11 of 11 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 18/11/2019 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 07/11/2019 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 07/11/2019 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 07/11/2019 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 07/11/2019 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | — | 25/10/2019 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 09/01/2004 | 18/11/2019 | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 30/07/2002 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 19/01/1998 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 03/09/1997 | 18/11/2019 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 21/02/1997 | 25/11/2019 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (87 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-09-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-20
mortgage-satisfy-charge-full
mortgage · MR04
2019-11-25