LYCIDAS (377) LIMITED
💤Zombieactive
SC240406 · ltd · incorporated 2002-12-02
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 Mar 2025
Net worth
£262.6k
book net assets
Opportunity
79/100
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 with a 76-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (93/100, director aged 76). 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 (73/100).
🏦
Refinance opportunity
5 live charges · 3 lenders · oldest 23.0y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 23.0 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (81/100)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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
8 officers (1 active, 8 linked, 4 with DOB)
80
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
92 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
80
Strong succession / seller-readiness signals.
Risk profile
77
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 £262,572
Cash YoY
+1%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£87k
~ YoY
Net Worth
£263k
↑ 6.8% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Cash | £87.0k | £86.2k |
| Net assets | £262.6k | £245.8k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (44 events)Click to expand
- 2025-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-09📄resolutionresolution · RESOLUTIONS
- 2025-05-09📄memorandum-articlesincorporation · MA
- 2025-02-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-06-02🔓Charge satisfied #5
- 2023-04-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-22🔓Charge satisfied #4
- 2023-04-02➖SUTHERLAND, Derrick Hamilton resigneddirector
- 2022-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-01-24📄change-person-director-company-with-change-dateofficers · CH01
- 2022-01-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-01-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-25📄change-person-director-company-with-change-dateofficers · CH01
- 2021-01-05📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-11-22➖GRAND ADMINISTRATION SERVICES LIMITED resignedcorporate-secretary
- 2020-06-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-01-13➖FULTON, David Crawford resigneddirector
- 2019-12-20🔒Charge registered #5Lender: Bank of Scotland PLC
- 2019-12-05🔒Charge registered #4Lender: Bank of Scotland PLC
- 2019-12-03🔓Charge satisfied #3
- 2019-12-03🔓Charge satisfied #2
- 2014-07-25➕GRAND ADMINISTRATION SERVICES LIMITED appointedcorporate-secretary
- 2014-07-25➖TPL ADMIN LIMITED resignedcorporate-secretary
- 2011-12-02➖MCANGNEY, William Turner resigneddirector
- 2010-01-25➕TPL ADMIN LIMITED appointedcorporate-secretary
- 2010-01-25➖TPL ADMIN LIMITED resignedcorporate-nominee-secretary
- 2009-11-27➕MCANGNEY, William Turner appointeddirector
- 2003-11-24🔒Charge registered #3Lender: Scottish Courage Limited
- 2003-10-16🔒Charge registered #2Lender: Scottish Courage Limited
- 2003-04-28🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2003-01-17➕MCANENEY, William Turner appointeddirector
- 2003-01-17➕FULTON, David Crawford appointeddirector
- 2003-01-17➕SUTHERLAND, Derrick Hamilton appointeddirector
- 2003-01-17➖LYCIDAS NOMINEES LIMITED resignedcorporate-nominee-director
- 2002-12-02🏢Company incorporatedAs LYCIDAS (377) LIMITED
- 2002-12-02➕TPL ADMIN LIMITED appointedcorporate-nominee-secretary
- 2002-12-02➕LYCIDAS NOMINEES LIMITED appointedcorporate-nominee-director
Owner dependency
100/100
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.
- +Founder age: Director aged approximately 76 — succession pressure is live.
Succession & seller-readiness
100/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 76 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 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 23 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 ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Derrick Sutherland Individual · British · DOB 05/1958 · age 68 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mr William Turner Mcaneney Individual · British · DOB 05/1950 · age 76 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
1 historic (ceased) PSC
- Mr David Crawford Fultonceased 13/01/2020· 25-50% shares
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 · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| M Z PROPERTY (GLASGOW) LTD→ SC737573 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| MURSOV LTD→ SC861319 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MUSAFA PROPERTIES LIMITED→ SC864351 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MVY PROPERTY INVESTMENTS LTD→ SC805195 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| MWD RESIDENTIAL LETTINGS LIMITED→ SC653535 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| MX2 PROPERTY LTD→ SC867670 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MY GLASGOW HOUSE LTD→ SC532609 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| MZR HOMES LTD→ SC876161 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| NA REAL ESTATE INVESTMENTS LTD→ SC733306 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| NAEEM REAL ESTATE CO. LIMITED→ SC811711 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| NAK ORGANISATION LIMITED→ SC547473 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| NAPOLI ROSSO LTD→ SC451590 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
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
Incorporated2002-12-02
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
C/O Johnston Carmichael
227 West George Street
Glasgow
G2 2ND
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-28
Last: 2025-11-14
Officers (1 active · 7 resigned)
MCANENEY, William Turner→
Activedirector · ~76y · appointed 2003-01-17
View their other companies + combined net worth →
GRAND ADMINISTRATION SERVICES LIMITED→
Resignedcorporate-secretary · appointed 2014-07-25 · resigned 2020-11-22
TPL ADMIN LIMITED→
Resignedcorporate-secretary · appointed 2010-01-25 · resigned 2014-07-25
TPL ADMIN LIMITED→
Resignedcorporate-nominee-secretary · appointed 2002-12-02 · resigned 2010-01-25
FULTON, David Crawford→
Resigneddirector · ~73y · appointed 2003-01-17 · resigned 2020-01-13
MCANGNEY, William Turner→
Resigneddirector · ~76y · appointed 2009-11-27 · resigned 2011-12-02
SUTHERLAND, Derrick Hamilton→
Resigneddirector · ~68y · appointed 2003-01-17 · resigned 2023-04-02
LYCIDAS NOMINEES LIMITED→
Resignedcorporate-nominee-director · appointed 2002-12-02 · resigned 2003-01-17
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
1
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 20/12/2019 | 02/06/2023 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 05/12/2019 | 22/04/2023 | |
| satisfied | Scottish Courage Scottish Courage Limited | Floating charge | 1 property | 24/11/2003 | 03/12/2019 | |
| satisfied | Scottish Courage Scottish Courage Limited | Floating charge | 1 property | 16/10/2003 | 03/12/2019 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 28/04/2003 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (92 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-18
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-14
resolution
resolution · RESOLUTIONS
2025-05-09
memorandum-articles
incorporation · MA
2025-05-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-14
termination-director-company-with-name-termination-date
officers · TM01
2024-03-21
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-19
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-02
mortgage-satisfy-charge-full
mortgage · MR04
2023-04-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-01-24