APPLECROSS NURSING HOME LIMITED

💤Zombieactive
SC177933 · ltd · incorporated 1997-08-13
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 steady · medium confidence
Mixed signals — 1 changes over 30 days, no clear direction yet.
  • · PSC count: 3 → 4
What changed my view
Last 30 days

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

  • PSC count: 34
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 Mar 2025
Net worth
£3.61M
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Residential nursing care activities
Sector: Human health & social work
ALSO REGISTERED FOR
  • 87300Residential care activities for the elderly and disabled
  • 87900Other residential care activities n.e.c.
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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: strategic trade sale (65/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 28.5y

30/100
under pressure

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

  • · Oldest live charge is 28.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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

Company profile
address, 3 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
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
90 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £3,610,294
Cash YoY
+98%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£640k
↑ 98% YoY
Net Worth
£3.6m
↑ 119% YoY
Current Assets
£1.0m
↑ 6.3% YoY
Current Liabilities
£0£722k£1.4m£2.2m£2.9m£3.6mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£8.33M£5.25M
Current assets£1.02M£958.4k
Cash£640.0k£323.1k
Debtors£379.3k£635.3k
Net assets£3.61M£1.65M

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
10
filings
  • 4 persons-with-significant-control
  • 2 capital
  • 1 confirmation-statement
Last 180 days
10
filings
  • 4 persons-with-significant-control
  • 2 capital
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-05-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  2. 2026-05-07
    📄
    replacement-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP01CS01
  3. 2026-05-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2026-05-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2026-05-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2026-04-28
    📄
    capital-alter-shares-consolidation
    capital · SH02
  7. 2026-04-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2026-03-26
    📄
    memorandum-articles
    incorporation · MA
  9. 2026-03-26
    📄
    resolution
    resolution · RESOLUTIONS
  10. 2026-03-26
    📄
    capital-name-of-class-of-shares
    capital · SH08
  11. 2026-03-23
    KELLY, Mary Lily resigned
    director
  12. 2025-10-20
    📄
    accounts-with-accounts-type-medium
    accounts · AA
  13. 2024-11-19
    📄
    capital-alter-shares-subdivision
    capital · SH02
  14. 2024-08-19
    📄
    accounts-with-accounts-type-full
    accounts · AA
  15. 2023-12-19
    📄
    accounts-with-accounts-type-full
    accounts · AA
  16. 2022-12-22
    📄
    accounts-with-accounts-type-full
    accounts · AA
  17. 2021-12-21
    📄
    accounts-with-accounts-type-full
    accounts · AA
  18. 2021-03-29
    📄
    accounts-with-accounts-type-full
    accounts · AA
  19. 2021-03-27
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  20. 2020-08-25
    COYLE, Lisa Jane appointed
    director
  21. 2020-08-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2020-04-19
    KELLY, Alexander resigned
    director
  23. 2015-12-30
    🔓
    Charge satisfied #3
  24. 2011-03-10
    🔓
    Charge satisfied #2
  25. 2006-02-28
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  26. 2006-01-15
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  27. 1998-01-20
    🔒
    Charge registered #3
    Lender: Credit Suisse First Boston
  28. 1997-12-30
    🔒
    Charge registered #2
    Lender: Credit Suisse First Boston
  29. 1997-08-13
    🏢
    Company incorporated
    As APPLECROSS NURSING HOME LIMITED
  30. 1997-08-13
    KELLY, Peter Robert appointed
    secretary
  31. 1997-08-13
    KELLY, Alexander appointed
    director
  32. 1997-08-13
    KELLY, Mary Lily appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • 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

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

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

🏛️
Applecross Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
APPLECROSS NURSING HOME LIMITED
This company · SC177933

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
Applecross Holdings Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control20/01/2025
3 historic (ceased) PSCs
  • Mr Alexander Kellyceased 20/01/2025· 25-50% shares · 25-50% voting · significant influence
  • Mrs Mary Lily Kellyceased 20/01/2025· 25-50% shares · 25-50% voting · significant influence
  • Mr Alexander Kellyceased 20/01/2025· 25-50% shares · 25-50% 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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated1997-08-13
Jurisdictionscotland
Primary SIC87100 — Residential nursing care activities

Registered office

Levernholm
By Hurlet
Glasgow
G53 7TG

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-08-27
Last: 2025-08-13

Officers (2 active · 2 resigned)

KELLY, Peter Robert
secretary · appointed 1997-08-13
View their other companies + combined net worth →
Active
COYLE, Lisa Jane
director · ~48y · appointed 2020-08-25
View their other companies + combined net worth →
Active
KELLY, Alexander
director · ~85y · appointed 1997-08-13 · resigned 2020-04-19
Resigned
KELLY, Mary Lily
director · ~80y · appointed 1997-08-13 · resigned 2026-03-23
Resigned

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

Mortgages & charges

4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property28/02/2006
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property15/01/2006
satisfied
Credit Suisse First Boston
Standard security1 property20/01/199830/12/2015
satisfied
Credit Suisse First Boston
Floating charge1 property30/12/199710/03/2011
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (90 total)

notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-05-08
replacement-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP01CS01
2026-05-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-05-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-05-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-05-07
capital-alter-shares-consolidation
capital · SH02
2026-04-28
termination-director-company-with-name-termination-date
officers · TM01
2026-04-08
memorandum-articles
incorporation · MA
2026-03-26
resolution
resolution · RESOLUTIONS
2026-03-26
capital-name-of-class-of-shares
capital · SH08
2026-03-26
accounts-with-accounts-type-medium
accounts · AA
2025-10-20
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-08
capital-alter-shares-subdivision
capital · SH02
2024-11-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-26
accounts-with-accounts-type-full
accounts · AA
2024-08-19