CULLEAN PROPERTIES LIMITED
💤Zombieactive
SC215935 · ltd · incorporated 2001-02-20
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 Feb 2025
Net worth
£120.1k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 66-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 66). 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
3 live charges · 2 lenders · oldest 25.1y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 25.1 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (76/100)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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
60 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
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
70
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 declaredPositive net assets
Net assets £120,060
Net assets shrinking
Down £9,367 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£120k
↓ 7.2% YoY
Current Assets
£121k
↓ 7.3% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-02-28 | 2024-02-28 |
|---|---|---|
| Total assets | £120.1k | £129.4k |
| Current assets | £121.3k | £130.8k |
| Net assets | £120.1k | £129.4k |
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
0
filings
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
- 2025-11-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-07-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-07-16🔓Charge satisfied #1
- 2024-11-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-10-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-12-09📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2022-12-09📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-12-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-12-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-11-30➕CULLEY, Clifford appointedsecretary
- 2022-11-30➕CULLEY, Catriona appointeddirector
- 2022-11-30➖CULLEY, Catriona Mary resignedsecretary
- 2022-11-30➖CULLEY, Clifford Graeme resigneddirector
- 2022-11-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-09-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-11-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-11-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-11-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-11-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-11-17📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2010-10-14🔒Charge registered #4Lender: Royal Bank of Scotland PLC
- 2001-05-03🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2001-04-05🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2001-02-20🏢Company incorporatedAs CULLEAN PROPERTIES LIMITED
- 2001-02-20➕CULLEY, Catriona Mary appointedsecretary
- 2001-02-20➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2001-02-20➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 2001-02-20➕CULLEY, Clifford Graeme appointeddirector
Owner dependency
90/100
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.
- +Founder age: Director aged approximately 66 — succession pressure is live.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 25 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Clifford Graeme Culley Individual · British · DOB 08/1960 · age 66 | 25–50% | — | 25-50% shares | 20/02/2017 |
Mrs Catriona Clifford Individual · British · DOB 08/1960 · age 66 | 25–50% | — | 25-50% shares | 20/02/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
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|---|---|---|---|---|---|---|---|
| C & M PROPERTIES (FIFE) LTD→ SC877778 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| C&L EVERGREEN LIMITED→ SC726192 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| CLUNIE INVESTMENTS LTD→ SC660373 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| CRANNOG PROPERTY GLENROTHES LIMITED→ SC847774 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CYSYS PROPERTIES LTD→ SC604101 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| D & T BROWN PROPERTY LIMITED→ SC735171 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| D WILSON PROPERTIES LIMITED→ SC679824 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| D&L PERFECT LTD→ SC818880 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| DEAN FARM ESTATES LTD→ SC873483 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| DELMOR (COWDENBEATH) LTD→ SC458538 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| DEMIA LIMITED→ SC371667 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| DEREK A KIRK PROPERTIES LTD→ SC550708 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
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
Incorporated2001-02-20
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Ash House
Cleish
Kinross
Fife
KY13 0LR
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-11-25
Last: 2025-11-11
Officers (2 active · 3 resigned)
Active
CULLEY, Catriona→
Activedirector · ~66y · appointed 2022-11-30
View their other companies + combined net worth →
CULLEY, Catriona Mary→
Resignedsecretary · appointed 2001-02-20 · resigned 2022-11-30
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 2001-02-20 · resigned 2001-02-20
CULLEY, Clifford Graeme→
Resigneddirector · ~66y · appointed 2001-02-20 · resigned 2022-11-30
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 14/10/2010 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 03/05/2001 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 05/04/2001 | 16/07/2025 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (60 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-11
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-16
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-21
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-07
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-06
appoint-person-secretary-company-with-name-date
officers · AP03
2022-12-09
termination-secretary-company-with-name-termination-date
officers · TM02
2022-12-09
appoint-person-director-company-with-name-date
officers · AP01
2022-12-09
termination-director-company-with-name-termination-date
officers · TM01
2022-12-09
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-04
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-07