FLAT HOMES LIMITED

💤Zombieactive
SC231996 · ltd · incorporated 2002-05-24
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 · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

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
£459.7k
book net assets
Opportunity
82/100
Exceptional
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 73-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 73). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -84% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · oldest 13.4y

45/100
under pressure

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

  • · Oldest live charge is 13.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · 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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 1 with DOB)
74
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
64 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
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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 £459,666
Net assets shrinking
Down £38,909 YoY
Cash draining
Cash down 84% YoY
Cash YoY
-84%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2k
↓ 84% YoY
Net Worth
£460k
↓ 7.8% YoY
Current Assets
£216k
↓ 15% YoY
Current Liabilities
—
£0£100k£199k£299k£399k£499kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£503.2k£542.1k
Current assets£216.3k£254.1k
Cash£1.8k£11.1k
Debtors£214.5k£243.0k
Net assets£459.7k£498.6k

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-11-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-06-16
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  5. 2023-05-12
    ➖
    STEWART, Ian Baillie resigned
    secretary
  6. 2022-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-12-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-01-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2019-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-12-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2016-12-12
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-05-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-11-20
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2013-01-29
    🔒
    Charge registered #2
    Lender: Santander UK PLC
  17. 2013-01-17
    🔒
    Charge registered #1
    Lender: Santander UK PLC
  18. 2003-12-31
    ➕
    STEWART, Ian Baillie appointed
    secretary
  19. 2003-12-31
    ➖
    TODD, Eleanor Elizabeth resigned
    secretary
  20. 2002-07-04
    ➕
    LINTON, Bruce Reid appointed
    director
  21. 2002-07-04
    ➕
    TODD, Eleanor Elizabeth appointed
    secretary
  22. 2002-07-04
    ➖
    MESSRS THORNTONS WS resigned
    corporate-nominee-secretary
  23. 2002-07-04
    ➖
    HUTCHESON, Iain Henderson resigned
    nominee-director
  24. 2002-05-24
    🏢
    Company incorporated
    As FLAT HOMES LIMITED
  25. 2002-05-24
    ➕
    MESSRS THORNTONS WS appointed
    corporate-nominee-secretary
  26. 2002-05-24
    ➕
    HUTCHESON, Iain Henderson appointed
    nominee-director

Owner dependency

100/100
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.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 73 — succession pressure is live.

Succession & seller-readiness

100/100
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 73 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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
NameSharesVoting rightsNature of controlNotified
Mr Bruce Reid Linton
Individual · British · DOB 09/1953 · age 73
——sig. influencesignificant influence · trust interest24/05/2017

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 · DD postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
J & E NOMINEES LIMITED→
SC237007 · est 2002
£3.06M
£2.60M–£3.52M
—£3.06M—23y8366y
ABZCO LTD.→
SC223809 · est 2001
£655.5k
£557.2k–£753.9k
—£655.5k—24y8277y
MNA (SCOTLAND) LIMITED→
SC283813 · est 2005
£637.9k
£542.2k–£733.6k
—£637.9k—21y8360y
ENGINEERING SPREADSHEETS LTD.→
SC302290 · est 2006
£620.6k
£527.5k–£713.7k
—£620.6k—20y8266y
A & K PROPERTIES LIMITED→
SC199663 · est 1999
£78.2k
£66.4k–£89.9k
—£78.2k—26y8271y
STATION WORKS PROPERTIES LTD.→
SC083127 · est 1983
£39.9k
£33.9k–£45.9k
—£39.9k—43y8379y
ASSETFAIR LIMITED→
SC195393 · est 1999
£39.4k
£33.5k–£45.3k
—£39.4k—27y8274y
FIRST CHOICE LETS LIMITED→
SC281124 · est 2005
£36.5k
£31.0k–£41.9k
—£36.5k—21y8265y
THE OLD MILL COMPANY (DUNDEE) LIMITED→
SC250344 · est 2003
£16.4k
£13.9k–£18.9k
—£16.4k—22y8362y
LOW HOLDINGS (SCOTLAND) LIMITED→
SC412906 · est 2011
———40014y8474y
CKS PROPERTIES LIMITED→
SC295259 · est 2006
———520y8367y
EAST OF SCOTLAND COLOUR PRINT LIMITED→
SC343575 · est 2008
———417y8363y
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
Incorporated2002-05-24
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Bannerman House
27 South Tay Street
Dundee
DD1 1NR
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-05-25
Last: 2026-05-11

Officers (1 active · 4 resigned)

LINTON, Bruce Reid→
director · ~73y · appointed 2002-07-04
View their other companies + combined net worth →
Active
STEWART, Ian Baillie→
secretary · appointed 2003-12-31 · resigned 2023-05-12
Resigned
TODD, Eleanor Elizabeth→
secretary · appointed 2002-07-04 · resigned 2003-12-31
Resigned
MESSRS THORNTONS WS→
corporate-nominee-secretary · appointed 2002-05-24 · resigned 2002-07-04
Resigned
HUTCHESON, Iain Henderson→
nominee-director · appointed 2002-05-24 · resigned 2002-07-04
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Santander
Santander UK PLC
Standard security1 property29/01/2013—
outstanding
Santander
Santander UK PLC
Bond & floating charge1 property17/01/2013—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (64 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-19
termination-secretary-company-with-name-termination-date
officers · TM02
2023-06-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-22