CONCEPTUAL MANAGEMENT LIMITED
💤Zombieactive
SC226524 · ltd · incorporated 2001-12-21
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 Dec 2024
Net worth
£223.5k
book net assets
Opportunity
68/100
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. Reasonable fundamentals — worth a memo before deciding.
Opportunity 68/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 11 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: portfolio break-up (40/100).
🏦
Refinance opportunity
36 live charges · 10 lenders · oldest 24.2y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 24.2 years old — likely at or near maturity.
- · 10 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
36 charges (36/36 with lender, 36/36 with type)
90
Directors & officers
13 officers (1 active, 13 linked, 4 with DOB)
76
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
154 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
68/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
71
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 £223,509
Net assets shrinking
Down £21,043 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£224k
↓ 8.6% YoY
Current Assets
£34
↓ 94% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £855.2k | £856.0k |
| Current assets | £34 | £606 |
| Net assets | £223.5k | £244.6k |
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
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (109 events)Click to expand
- 2025-10-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-06🔒Charge registered #36Lender: Paragon Bank PLC
- 2025-09-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-06-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-14🔓Charge satisfied #28
- 2025-06-14🔓Charge satisfied #27
- 2025-06-14🔓Charge satisfied #22
- 2025-06-14🔓Charge satisfied #15
- 2025-06-14🔓Charge satisfied #12
- 2025-06-14🔓Charge satisfied #9
- 2025-06-14🔓Charge satisfied #7
- 2025-06-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-03-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-02-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-02-25🔒Charge registered #31Lender: Lendinvest Btl Limited
- 2025-02-20🔒Charge registered #35Lender: Paragon Bank PLC
- 2025-02-20🔒Charge registered #34Lender: Paragon Bank PLC
- 2025-02-20🔒Charge registered #33Lender: Paragon Bank PLC
- 2025-02-20🔒Charge registered #32Lender: Paragon Bank PLC
- 2024-09-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-06-27📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-01-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-01-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-01-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-01-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-01-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-01-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-01-24🔓Charge satisfied #25
- 2024-01-24🔓Charge satisfied #23
- 2024-01-24🔓Charge satisfied #21
- 2024-01-24🔓Charge satisfied #19
- 2024-01-24🔓Charge satisfied #18
- 2024-01-24🔓Charge satisfied #17
- 2024-01-24🔓Charge satisfied #16
- 2024-01-24🔓Charge satisfied #14
- 2024-01-24🔓Charge satisfied #11
- 2024-01-24🔓Charge satisfied #10
- 2024-01-24🔓Charge satisfied #6
- 2024-01-24🔓Charge satisfied #5
- 2024-01-24🔓Charge satisfied #3
- 2024-01-24🔓Charge satisfied #1
Showing most recent 50 of 109 events
Owner dependency
75/100
High — earn-out structure requiredMaterial 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 signalMultiple 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 24 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 med · 2 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
12 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Multiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Dr Poonam Gulati Individual · British · DOB 10/1965 · age 61 | 75–100% | — | 75-100% shares | 05/11/2018 |
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 · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| GREEN PROPERTIES MANAGEMENT LIMITED→ SC835757 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| GYLEMUIR CAPITAL LIMITED→ SC387875 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| H&K LETTING LTD→ SC589958 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| HABITAT STUDIOS LTD→ SC555134 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| HAQUE ED LIMITED→ SC845559 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| HARDWELL HOLDINGS LTD→ SC742323 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| HARKINS WEALTH INVESTMENTS LTD→ SC822264 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| HARRK PROPERTIES LTD→ SC761112 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| HELLSTEN HOLDINGS LTD→ SC699903 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| HELPRITE PROPERTIES LTD→ SC824333 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| HERAGHTY PROPERTY LIMITED→ SC444796 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| HHI INVESTMENTS LIMITED→ SC734341 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated2001-12-21
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
5 South Charlotte Street
Edinburgh
EH2 4AN
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-04
Last: 2025-12-21
Officers (1 active · 12 resigned)
GULATI, Ajay→
Activedirector · ~52y · appointed 2020-08-14
View their other companies + combined net worth →
FRIEL, Jacqueline→
Resignedsecretary · appointed 2004-03-30 · resigned 2004-06-11
GULATI, Ajay→
Resignedsecretary · appointed 2005-03-01 · resigned 2013-07-01
GULATI, Chander→
Resignedsecretary · appointed 2002-12-01 · resigned 2004-03-30
GULATI, Jyoti→
Resignedsecretary · appointed 2004-06-11 · resigned 2005-03-01
GULATI, Poonam→
Resignedsecretary · appointed 2004-03-30 · resigned 2004-03-30
GULATI, Poonam→
Resignedsecretary · appointed 2001-12-21 · resigned 2002-12-01
BRIGHTON SECRETARY LTD→
Resignedcorporate-nominee-secretary · appointed 2001-12-21 · resigned 2002-01-02
RNS INVESTMENTS LIMITED→
Resignedcorporate-secretary · appointed 2013-07-01 · resigned 2020-08-14
GULATI, Ajay→
Resigneddirector · ~52y · appointed 2001-12-21 · resigned 2003-04-12
GULATI, Poonam, Dr→
Resigneddirector · ~61y · appointed 2018-08-22 · resigned 2020-08-14
GULATI, Sanjay, Dr→
Resigneddirector · ~55y · appointed 2002-01-16 · resigned 2018-08-22
BRIGHTON DIRECTOR LTD→
Resignedcorporate-nominee-director · appointed 2001-12-21 · resigned 2002-01-02
Click a director name to see their full track record across all companies.
Mortgages & charges
36
Total charges
12
Outstanding
4
Active lenders
Status:Lender:36 of 36 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 06/10/2025 | — | |
| outstanding | LendInvest Lendinvest Btl Limited | A registered charge | 1 property | 25/02/2025 | — | |
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 20/02/2025 | — | |
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 20/02/2025 | — | |
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 20/02/2025 | — | |
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 20/02/2025 | — | |
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 25/01/2019 | — | |
| outstanding | Paragon Paragon Bank PLC / Paragon Mortgages (2010) LTD | A registered charge | — | 04/01/2019 | — | |
| satisfied | Mortgage Trust Mortgage Trust Limited | A registered charge | 1 property | 31/05/2013 | 14/06/2025 | |
| satisfied | Sanjay Gulati | Standard security | 1 property | 04/04/2012 | 14/06/2025 | |
| outstanding | Mortgage Trust Mortgage Trust LTD | Standard security | 1 property | 02/02/2009 | — | |
| satisfied | Mortgage Trust Mortgage Trust Limited | Standard security | 1 property | 15/09/2008 | 24/01/2024 | |
| outstanding | Mortgage Trust Mortgage Trust Limited | Standard security | 1 property | 10/08/2005 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 27/05/2005 | 24/01/2024 | |
| satisfied | Mortgage Trust Mortgage Trust Limited | Standard security | 1 property | 07/04/2005 | 14/06/2025 | |
| satisfied | Mortgage Trust Mortgage Trust Limited | Standard security | 1 property | 16/03/2005 | 24/01/2024 | |
| outstanding | Mortgage Trust Mortgage Trust Limited | Standard security | 1 property | 16/03/2005 | — | |
| satisfied | Mortgage Trust Mortgage Trust Limited | Standard security | 1 property | 20/07/2004 | 24/01/2024 | |
| satisfied | Mortgage Trust Mortgage Trust Limited | Standard security | 1 property | 01/07/2004 | 24/01/2024 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 11/05/2004 | 24/01/2024 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 10/05/2004 | 24/01/2024 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 26/04/2004 | 14/06/2025 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 21/04/2004 | 24/01/2024 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 31/03/2004 | 07/12/2005 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 22/10/2003 | 14/06/2025 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 17/10/2003 | 24/01/2024 | |
| satisfied | Britannic Money Britannic Money PLC | Standard security | 1 property | 28/08/2003 | 24/01/2024 | |
| satisfied | Britannic Money Britannic Money PLC | Standard security | 1 property | 22/08/2003 | 14/06/2025 | |
| outstanding | Brittanic Money Brittanic Money PLC | Standard security | 1 property | 03/07/2003 | — | |
| satisfied | Britannic Money Britannic Money PLC | Standard security | 1 property | 24/02/2003 | 14/06/2025 | |
| satisfied | Brittanic Money Brittanic Money PLC | Standard security | 1 property | 31/01/2003 | 24/01/2024 | |
| satisfied | Britannic Money Britannic Money PLC | Standard security | 1 property | 09/01/2003 | 24/01/2024 | |
| satisfied | Capital Home Loans Capital Home Loans Limited | Standard security | 1 property | 19/03/2002 | 21/01/2006 | |
| satisfied | Capital Home Loans Capital Home Loans Limited | Standard security | 1 property | 22/02/2002 | 29/04/2003 | |
| satisfied | Capital Home Loans Capital Home Loans Limited | Standard security | 1 property | 21/02/2002 | 24/01/2024 | |
| satisfied | Capital Home Loans Capital Home Loans Limited | Standard security | 1 property | 20/02/2002 | 24/01/2024 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (154 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-13
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-05
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-14
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-14
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-14
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-14
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-14
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-14
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-06-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-03