KINLOCH PROPERTIES LIMITED

💤Zombieactive
SC232129 · ltd · incorporated 2002-05-29
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 May 2025
Net worth
—
book net assets
Opportunity
78/100
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
Property-backed borrower with a 61-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 57/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (53/100).

🏦

Refinance opportunity

13 live charges · 3 lenders · oldest 23.9y

15/100
under pressure

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

  • · Oldest live charge is 23.9 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

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
13 charges (13/13 with lender, 13/13 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 1 with DOB)
73
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
80 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0May 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · IFRS
Metric2025-05-312024-05-31
Average employees100100

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
  1. 2025-08-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-05-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2023-05-04
    🔒
    Charge registered #13
    Lender: Shawbrook Bank Limited
  6. 2022-11-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-11-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2022-11-05
    🔓
    Charge satisfied #1
  9. 2021-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-09-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-08-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-03-27
    📄
    capital-allotment-shares
    capital · SH01
  14. 2017-10-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-06-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2016-09-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-06-23
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2015-06-17
    ➕
    SOTHERN, Matthew Barry, Dr appointed
    secretary
  19. 2015-06-17
    ➖
    CHEAPE, David Maxwell resigned
    secretary
  20. 2009-03-26
    🔒
    Charge registered #12
    Lender: Royal Bank of Scotland PLC
  21. 2009-03-06
    🔒
    Charge registered #11
    Lender: Royal Bank of Scotland PLC
  22. 2009-02-06
    🔒
    Charge registered #10
    Lender: Royal Bank of Scotland PLC
  23. 2009-02-06
    🔒
    Charge registered #9
    Lender: Royal Bank of Scotland PLC
  24. 2008-09-08
    🔒
    Charge registered #8
    Lender: Royal Bank of Scotland PLC
  25. 2008-06-06
    ➕
    CHEAPE, David Maxwell appointed
    secretary
  26. 2008-06-06
    ➖
    GOURLEY MCBAIN SOLICITORS, Messrs resigned
    secretary
  27. 2008-05-23
    🔒
    Charge registered #7
    Lender: Royal Bank of Scotland PLC
  28. 2008-03-24
    🔒
    Charge registered #6
    Lender: Royal Bank of Scotland PLC
  29. 2008-03-24
    🔒
    Charge registered #5
    Lender: Royal Bank of Scotland PLC
  30. 2007-11-23
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  31. 2007-11-19
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  32. 2002-10-16
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  33. 2002-07-31
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  34. 2002-05-29
    🏢
    Company incorporated
    As KINLOCH PROPERTIES LIMITED
  35. 2002-05-29
    ➕
    BOYD, Brian David appointed
    director
  36. 2002-05-29
    ➕
    GOURLEY MCBAIN SOLICITORS, Messrs appointed
    secretary
  37. 2002-05-29
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  38. 2002-05-29
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  39. 2002-05-29
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  40. 2002-05-29
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

93/100
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.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • 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

1 low
12 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Brian David Boyd
Individual · British · DOB 05/1965 · age 61
——sig. influencesignificant influence28/05/2017

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 →

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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
Incorporated2002-05-29
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Panbride House
Panbride
Carnoustie
DD7 6JR
Scotland

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-05-07
Last: 2026-04-23

Officers (2 active · 4 resigned)

SOTHERN, Matthew Barry, Dr→
secretary · appointed 2015-06-17
View their other companies + combined net worth →
Active
BOYD, Brian David→
director · ~61y · appointed 2002-05-29
View their other companies + combined net worth →
Active
CHEAPE, David Maxwell→
secretary · appointed 2008-06-06 · resigned 2015-06-17
Resigned
GOURLEY MCBAIN SOLICITORS, Messrs→
secretary · appointed 2002-05-29 · resigned 2008-06-06
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2002-05-29 · resigned 2002-05-29
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2002-05-29 · resigned 2002-05-29
Resigned

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

Mortgages & charges

13
Total charges
12
Outstanding
2
Active lenders
Status:Lender:13 of 13 shown
TypeProperties
outstanding
Shawbrook
Shawbrook Bank Limited
A registered charge5 properties04/05/2023—
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property26/03/2009—
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property06/03/2009—
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property06/02/2009—
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property06/02/2009—
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property08/09/2008—
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property23/05/2008—
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property24/03/2008—
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property24/03/2008—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property23/11/2007—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property19/11/2007—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property16/10/2002—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property31/07/200205/11/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (80 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-07
mortgage-satisfy-charge-full
mortgage · MR04
2022-11-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-11