CAIRNS PROPERTIES LIMITED

💤Zombieactive
SC228327 · ltd · incorporated 2002-02-21
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 Feb 2025
Net worth
£70.2k
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 23.2y

45/100
under pressure

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

  • · Oldest live charge is 23.2 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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (1 active, 8 linked, 4 with DOB)
80
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
77 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 declared
Positive net assets
Net assets £70,187
Net assets shrinking
Down £67,848 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
£30k
Net Worth
£70k
↓ 49% YoY
Current Assets
—
Current Liabilities
—
£0£28k£55k£83k£110k£138kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-28
Total assets£70.2k£138.0k
Current assets—£40.0k
Cash£30.0k—
Net assets£70.2k£138.0k

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
1
filing
  • • 1 mortgage
Last 180 days
1
filing
  • • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2026-02-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2026-02-13
    🔓
    Charge satisfied #1
  3. 2025-10-15
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2025-10-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-10-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2025-10-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2025-10-13
    ➕
    HENSHAW, Derek Charles appointed
    director
  8. 2025-10-13
    ➖
    CAIRNS, Marion Watt resigned
    director
  9. 2025-08-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2024-11-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2024-01-10
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2024-01-10
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2024-01-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2023-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2023-10-27
    ➖
    CAIRNS, Edward James resigned
    director
  16. 2022-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2022-11-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2021-07-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2021-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2021-03-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2019-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  22. 2018-11-19
    ➕
    CAIRNS, Marion Watt appointed
    director
  23. 2018-11-18
    ➖
    CAIRNS, John resigned
    director
  24. 2018-11-15
    ➖
    CAIRNS, John resigned
    secretary
  25. 2003-02-04
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  26. 2002-05-15
    ➕
    CAIRNS, John appointed
    secretary
  27. 2002-05-15
    ➖
    HMS SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  28. 2002-05-15
    ➕
    CAIRNS, Edward James appointed
    director
  29. 2002-05-15
    ➕
    CAIRNS, John appointed
    director
  30. 2002-05-15
    ➖
    HMS DIRECTORS LIMITED resigned
    corporate-nominee-director
  31. 2002-05-15
    ➖
    HMS SECRETARIES LIMITED resigned
    corporate-nominee-director
  32. 2002-02-21
    🏢
    Company incorporated
    As CAIRNS PROPERTIES LIMITED
  33. 2002-02-21
    ➕
    HMS SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  34. 2002-02-21
    ➕
    HMS DIRECTORS LIMITED appointed
    corporate-nominee-director
  35. 2002-02-21
    ➕
    HMS SECRETARIES LIMITED appointed
    corporate-nominee-director

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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%
NameSharesVoting rightsNature of controlNotified
Mr Derek Charles Henshaw
Individual · British · DOB 05/1966 · age 60
75–100%
75–100%board control75-100% shares · 75-100% voting · board control13/10/2025
2 historic (ceased) PSCs
  • Mrs Marion Watts Cairnsceased 13/10/2025· 75-100% shares · 75-100% voting · board control · firm interest
  • Mr Edward James Cairnsceased 27/10/2023· significant influence

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
Incorporated2002-02-21
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

4 Station Crescent
Renfrew
PA4 8RA
Scotland

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-10-29
Last: 2025-10-15

Officers (1 active · 7 resigned)

HENSHAW, Derek Charles→
director · ~60y · appointed 2025-10-13
View their other companies + combined net worth →
Active
CAIRNS, John→
secretary · appointed 2002-05-15 · resigned 2018-11-15
Resigned
HMS SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2002-02-21 · resigned 2002-05-15
Resigned
CAIRNS, Edward James→
director · ~81y · appointed 2002-05-15 · resigned 2023-10-27
Resigned
CAIRNS, John→
director · ~55y · appointed 2002-05-15 · resigned 2018-11-18
Resigned
CAIRNS, Marion Watt→
director · ~76y · appointed 2018-11-19 · resigned 2025-10-13
Resigned
HMS DIRECTORS LIMITED→
corporate-nominee-director · appointed 2002-02-21 · resigned 2002-05-15
Resigned
HMS SECRETARIES LIMITED→
corporate-nominee-director · appointed 2002-02-21 · resigned 2002-05-15
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property04/02/200313/02/2026

Recent filings (77 total)

mortgage-satisfy-charge-full
mortgage · MR04
2026-02-13
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-15
termination-director-company-with-name-termination-date
officers · TM01
2025-10-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-10-15
appoint-person-director-company-with-name-date
officers · AP01
2025-10-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-19
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-10
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-01-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-10
termination-director-company-with-name-termination-date
officers · TM01
2024-01-10
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-30