HURSTONIAN INVESTMENTS LIMITED

💤Zombieactive

SC174929 · ltd · incorporated 1997-04-28

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 Apr 2025

Net worth

—

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Other business support service activities n.e.c.

Sector: Administrative & support services

Investor take

Pursue

Active trading company with a 71-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 80/100. Strong seller-intent signal (68/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 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

2 live charges · oldest 25.6y

45/100

under pressure

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

· Oldest live charge is 25.6 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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

7 officers (1 active, 7 linked, 3 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

2 connected companies via shared directors

Filing history

86 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

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	2025-04-30	2024-04-30
Average employees	1	100

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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (33 events)Click to expand

2026-01-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-10
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-05-01
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-04-30
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-04-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-04-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-03-13
➕
LEISHMAN, Fiona Katherine Amy appointed
director
2020-03-13
➖
LEISHMAN, Struan resigned
director
2019-09-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-10-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-10-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-10-26
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-05-17
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-01-11
🔓
Charge satisfied #1
2009-10-01
➖
LEISHMAN, Fiona Katherine Amy resigned
secretary
2005-12-22
➕
LEISHMAN, Fiona Katherine Amy appointed
secretary
2005-12-22
➖
LEISHMAN, Struan resigned
secretary
2005-12-22
➖
STEELE, Gordon Mungall Russell resigned
director
2000-09-21
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2000-09-04
➕
LEISHMAN, Struan appointed
secretary
2000-09-04
➖
HBJ SECRETARIAL LIMITED resigned
corporate-nominee-secretary
2000-09-04
➕
LEISHMAN, Struan appointed
director
2000-09-04
➕
STEELE, Gordon Mungall Russell appointed
director
2000-09-04
➖
HENDERSON BOYD JACKSON LIMITED resigned
corporate-nominee-director
2000-09-04
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
1997-04-28
🏢
Company incorporated
As HURSTONIAN INVESTMENTS LIMITED
1997-04-28
➕
HBJ SECRETARIAL LIMITED appointed
corporate-nominee-secretary
1997-04-28
➕
HENDERSON BOYD JACKSON LIMITED appointed
corporate-nominee-director

Owner dependency

90/100

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.
+Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

85/100

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 71 years old. Natural succession window is now.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondaryStable-but-static management: Company is 29 years old and no new directors in the last 3 years — succession not yet being planned internally.

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%

Name	Shares	Voting rights	Nature of control	Notified
Mrs Fiona Katherine Amy Leishman Individual · British · DOB 02/1955 · age 71	75–100%	75–100%	board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · trust interest · firm interest	01/05/2020

1 historic (ceased) PSC

Mr Struan Leishman (Executors Of The Late)ceased 13/03/2020· 75-100% shares · 75-100% voting

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 · Trade services · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
A SCOTT ELECTRICAL LIMITED→ SC552226 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
A.P. NEWALL & COMPANY LIMITED→ SC009943 · est 1917 · no financials extracted	—	—	—	—	108y	—	—
ANDREW WILSON INVESTMENTS LIMITED→ SC520155 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
ANGRY AZTEC LTD→ SC395392 · est 2011 · no financials extracted	—	—	—	—	15y	—	—
ANNA TAILOR DESIGN LTD→ SC708085 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
ANSARI TECHNOLOGY LTD→ SC694747 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
APIS GP IV LIMITED→ SC616217 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
APPROOV LIMITED→ SC224237 · est 2001 · no financials extracted	—	—	—	—	24y	—	—
ARCHANGELUM LTD→ SC654649 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
AREEN FOR INVESTMENT LTD→ SC797270 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
ARENITE LIMITED→ SC679956 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
ARGENTA GENERAL PARTNER LIMITED→ SC173830 · est 1997 · no financials extracted	—	—	—	—	29y	—	—

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

Incorporated1997-04-28

Jurisdictionscotland

Primary SIC82990 — Other business support service activities n.e.c.

Registered office

5 Craighall Gardens

Trinity

Edinburgh

Midlothian

EH6 4RH

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2026-05-14

Last: 2025-04-30

Officers (1 active · 6 resigned)

LEISHMAN, Fiona Katherine Amy→

director · ~71y · appointed 2020-03-13

View their other companies + combined net worth →

Active

LEISHMAN, Fiona Katherine Amy→

secretary · appointed 2005-12-22 · resigned 2009-10-01

Resigned

LEISHMAN, Struan→

secretary · appointed 2000-09-04 · resigned 2005-12-22

Resigned

HBJ SECRETARIAL LIMITED→

corporate-nominee-secretary · appointed 1997-04-28 · resigned 2000-09-04

Resigned

LEISHMAN, Struan→

director · ~79y · appointed 2000-09-04 · resigned 2020-03-13

Resigned

STEELE, Gordon Mungall Russell→

director · ~70y · appointed 2000-09-04 · resigned 2005-12-22

Resigned

HENDERSON BOYD JACKSON LIMITED→

corporate-nominee-director · appointed 1997-04-28 · resigned 2000-09-04

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	21/09/2000	—
	satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	04/09/2000	11/01/2016

Click column headers to sort. Use filters above to narrow by status and lender.