Z1 PROPERTIES LIMITED
💤Zombieactive
SC232508 · ltd · incorporated 2002-06-07
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 Jun 2025
Net worth
£4.26M
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 70/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
28 live charges · 5 lenders · oldest 23.8y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 23.8 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · 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
28 charges (28/28 with lender, 28/28 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
89 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
70/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
60
Some acquirability indicators.
Risk profile
74
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 £4,255,561
Cash YoY
+34%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£500k
↑ 34% YoY
Net Worth
£4.3m
↑ 4.2% YoY
Current Assets
£526k
↑ 37% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Total assets | £8.04M | £7.66M |
| Current assets | £526.0k | £384.7k |
| Cash | £499.8k | £372.7k |
| Debtors | £26.3k | £12.0k |
| Net assets | £4.26M | £4.08M |
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 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (58 events)Click to expand
- 2026-03-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-05-28🔒Charge registered #28Lender: Handelsbanken PLC (11305395)
- 2025-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-17🔒Charge registered #27Lender: Handelsbanken PLC (11305395)
- 2024-09-17🔒Charge registered #26Lender: Handelsbanken PLC (11305395)
- 2024-09-17🔒Charge registered #25Lender: Handelsbanken PLC (11305395)
- 2024-09-17🔒Charge registered #24Lender: Handelsbanken PLC (11305395)
- 2024-03-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-04-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-04-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-04-06📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2022-04-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-04-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-04-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-04-01🔒Charge registered #23Lender: Bank of Scotland PLC (Formerly the Governor and Company of the Bank of Scotland)
- 2022-03-31🔒Charge registered #22Lender: Handelsbanken PLC
- 2022-03-31🔒Charge registered #21Lender: Handelsbanken PLC
- 2022-03-31🔒Charge registered #20Lender: Handelsbanken PLC
- 2022-03-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-12-21🔒Charge registered #19Lender: Handelsbanken PLC (11305395)
- 2021-07-23📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2021-06-16📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2021-04-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-01-17🔒Charge registered #18Lender: Handelsbanken PLC
- 2018-12-31🔒Charge registered #17Lender: Handelsbanken PLC
- 2018-12-24🔒Charge registered #16Lender: Svenska Handelsbanken Ab (Publ)
- 2018-05-31🔒Charge registered #15Lender: Svenska Handelsbanken Ab (Publ)
- 2017-10-25🔒Charge registered #14Lender: Svenska Handelsbanken Ab (Publ)
- 2017-05-22🔒Charge registered #13Lender: Svenska Handelsbanken Ab (Publ)
- 2016-03-30🔒Charge registered #12Lender: Svenska Handelsbanken Ab (Publ)
- 2015-03-04🔒Charge registered #11Lender: Svenska Handelsbanken Ab (Publ)
- 2015-02-07🔒Charge registered #10Lender: Svenska Handelsbanken Ab (Publ)
- 2014-10-31🔒Charge registered #9Lender: Svenska Handelsbanken Ab (Publ)
- 2014-09-25🔒Charge registered #8Lender: Svenska Handelsbanken Ab (Publ)
- 2014-08-26🔓Charge satisfied #2
- 2014-08-26🔓Charge satisfied #1
- 2014-08-12🔒Charge registered #7Lender: Svenska Handelsbanken Ab (Publ)
- 2014-07-31🔒Charge registered #6Lender: Svenska Handelsbanken Ab (Publ)
- 2014-05-01🔒Charge registered #5Lender: Svenska Handelsbanken Ab (Publ)
- 2014-05-01🔒Charge registered #4Lender: Svenska Handelsbanken Ab (Publ)
- 2014-04-11🔒Charge registered #3Lender: Svenska Handelsbanken Ab (Publ)
- 2003-08-20➕ALI, Asghar appointeddirector
- 2003-08-20➖ALI, Jan resigneddirector
- 2002-09-27🔒Charge registered #2Lender: Aib Group (UK) PLC
Showing most recent 50 of 58 events
Owner dependency
85/100
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.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 23 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 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
26 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Asghar Ali Individual · British · DOB 01/1976 · age 50 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 07/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| LANDWARD SECURITIES (EDINBURGH) LIMITED→ SC052040 · est 1972 | £3.62M £3.07M–£4.16M | — | £3.62M | — | 53y | 83 | 62y |
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| PAMABER PROPERTIES LIMITED→ SC147392 · est 1993 | £1.21M £1.03M–£1.39M | — | £1.21M | — | 32y | 83 | 78y |
| LYNE PROPERTIES (EDINBURGH) LIMITED→ SC028226 · est 1951 | £1.12M £947.9k–£1.28M | — | £1.12M | — | 75y | 83 | 85y |
| SANTOSHI ENTERPRISE LIMITED→ SC251221 · est 2003 | £669.9k £569.4k–£770.4k | — | £669.9k | — | 22y | 83 | 64y |
| FACTOTUM (SCOTLAND) LIMITED→ SC246244 · est 2003 | £338.5k £287.7k–£389.2k | — | £338.5k | — | 23y | 83 | 74y |
| THE OLD SAWMILL LIMITED→ SC299306 · est 2006 | £28.1k £23.9k–£32.3k | — | £28.1k | — | 20y | 83 | 63y |
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| CODEBASE LTD→ SC437306 · est 2012 | — | £11.72M | — | 9600 | 13y | 84 | 60y |
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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
Incorporated2002-06-07
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
38 Westcroft Court
Livingston
West Lothian
EH54 7EW
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-06-15
Last: 2025-06-01
Officers (2 active · 3 resigned)
Active
Active
LEGAL SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2002-06-07 · resigned 2002-06-13
ALI, Jan→
Resigneddirector · ~75y · appointed 2002-06-13 · resigned 2003-08-20
LEGAL DIRECTORS LTD (COMP NBR 3368733)→
Resignedcorporate-nominee-director · appointed 2002-06-07 · resigned 2002-06-13
Click a director name to see their full track record across all companies.
Mortgages & charges
28
Total charges
26
Outstanding
4
Active lenders
Status:Lender:28 of 28 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Handelsbanken (11305395) Handelsbanken PLC (11305395) | A registered charge | 1 property | 28/05/2025 | — | |
| outstanding | Handelsbanken (11305395) Handelsbanken PLC (11305395) | A registered charge | 1 property | 17/09/2024 | — | |
| outstanding | Handelsbanken (11305395) Handelsbanken PLC (11305395) | A registered charge | 1 property | 17/09/2024 | — | |
| outstanding | Handelsbanken (11305395) Handelsbanken PLC (11305395) | A registered charge | 1 property | 17/09/2024 | — | |
| outstanding | Handelsbanken (11305395) Handelsbanken PLC (11305395) | A registered charge | 1 property | 17/09/2024 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC (Formerly the Governor and Company of the Bank of Scotland) | A registered charge | 1 property | 01/04/2022 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 31/03/2022 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 31/03/2022 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 31/03/2022 | — | |
| outstanding | Handelsbanken (11305395) Handelsbanken PLC (11305395) | A registered charge | 1 property | 21/12/2021 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 17/01/2019 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 31/12/2018 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 2 properties | 24/12/2018 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 3 properties | 31/05/2018 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 25/10/2017 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 2 properties | 22/05/2017 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 30/03/2016 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 04/03/2015 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 07/02/2015 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 31/10/2014 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 25/09/2014 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 12/08/2014 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 31/07/2014 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 01/05/2014 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 2 properties | 01/05/2014 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | — | 11/04/2014 | — | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Standard security | 1 property | 27/09/2002 | 26/08/2014 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Floating charge | 1 property | 22/08/2002 | 26/08/2014 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (89 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-05-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-04-12
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2022-04-06