IAN INGRAM CONTRACTS LIMITED

💤Zombieactive
SC246474 · ltd · incorporated 2003-03-26
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 May 2025
Net worth
£288.4k
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
Property-backed borrower with a 61-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. 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

12 live charges · 3 lenders · oldest 22.8y

15/100
under pressure

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

  • · Oldest live charge is 22.8 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · 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
12 charges (12/12 with lender, 12/12 with type)
90
Directors & officers
7 officers (1 active, 7 linked, 2 with DOB)
76
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
113 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 · FRS 105 (micro)
Positive net assets
Net assets £288,419
Net assets shrinking
Down £16,836 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£288k
↓ 5.5% YoY
Current Assets
£166k
↓ 10% YoY
Current Liabilities
—
£0£61k£122k£183k£244k£305kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-05-312024-05-31
Total assets£289.6k£305.9k
Current assets£165.6k£184.2k
Net assets£288.4k£305.3k

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 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (50 events)Click to expand
  1. 2025-10-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-02-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-03-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2022-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-09-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-01-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-02-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-11-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2018-11-01
    🔓
    Charge satisfied #6
  12. 2018-10-18
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2018-10-18
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2018-10-18
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2018-10-18
    🔓
    Charge satisfied #12
  16. 2018-10-18
    🔓
    Charge satisfied #11
  17. 2018-10-18
    🔓
    Charge satisfied #10
  18. 2018-03-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2017-11-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2012-09-04
    🔒
    Charge registered #12
    Lender: The Royal Bank of Scotland PLC
  21. 2012-09-03
    🔒
    Charge registered #11
    Lender: The Royal Bank of Scotland PLC
  22. 2012-09-03
    🔒
    Charge registered #10
    Lender: The Royal Bank of Scotland PLC
  23. 2010-07-15
    ➖
    THORNTONS LAW LLP resigned
    corporate-secretary
  24. 2008-04-05
    🔓
    Charge satisfied #5
  25. 2007-12-24
    🔒
    Charge registered #9
    Lender: The Royal Bank of Scotland PLC
  26. 2007-06-20
    🔓
    Charge satisfied #1
  27. 2007-04-19
    🔓
    Charge satisfied #4
  28. 2007-04-19
    🔓
    Charge satisfied #2
  29. 2007-04-02
    🔒
    Charge registered #8
    Lender: The Royal Bank of Scotland PLC
  30. 2007-04-02
    🔒
    Charge registered #7
    Lender: The Royal Bank of Scotland PLC
  31. 2007-02-23
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
  32. 2006-12-21
    🔒
    Charge registered #5
    Lender: Strathmore Estates (Holding) Limited
  33. 2006-10-10
    🔓
    Charge satisfied #3
  34. 2006-02-01
    🔒
    Charge registered #4
    Lender: Clydesdale Bank Public Limited Company
  35. 2006-02-01
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  36. 2006-02-01
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  37. 2004-12-21
    ➖
    INGRAM, Karen Jacqueline resigned
    secretary
  38. 2004-12-01
    ➕
    THORNTONS LAW LLP appointed
    corporate-secretary
  39. 2004-02-23
    ➕
    INGRAM, Karen Jacqueline appointed
    secretary
  40. 2003-06-26
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  41. 2003-05-31
    ➖
    THORNTONS WS resigned
    corporate-secretary
  42. 2003-05-29
    ➖
    INGRAM, Karen Jacqueline resigned
    secretary
  43. 2003-05-29
    ➕
    THORNTONS WS appointed
    corporate-secretary
  44. 2003-05-02
    ➕
    INGRAM, Ian Yule appointed
    director
  45. 2003-05-02
    ➕
    INGRAM, Karen Jacqueline appointed
    secretary
  46. 2003-05-02
    ➖
    THORNTONS WS resigned
    corporate-secretary
  47. 2003-05-02
    ➖
    HUTCHESON, Iain Henderson resigned
    director
  48. 2003-03-26
    🏢
    Company incorporated
    As IAN INGRAM CONTRACTS LIMITED
  49. 2003-03-26
    ➕
    THORNTONS WS appointed
    corporate-secretary
  50. 2003-03-26
    ➕
    HUTCHESON, Iain Henderson appointed
    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.
  • +Founder name in company name: Company name contains director surname "INGRAM" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 23 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 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
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Ian Yule Ingram
Individual · British · DOB 04/1965 · age 61
75–100%
—75-100% shares11/03/2017

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
Incorporated2003-03-26
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

The Old City Club
6 Southesk Street
Brechin
Angus
DD9 6DY
Scotland

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-03-25
Last: 2026-03-11

Officers (1 active · 6 resigned)

INGRAM, Ian Yule→
director · ~61y · appointed 2003-05-02
View their other companies + combined net worth →
Active
INGRAM, Karen Jacqueline→
secretary · appointed 2004-02-23 · resigned 2004-12-21
Resigned
INGRAM, Karen Jacqueline→
secretary · appointed 2003-05-02 · resigned 2003-05-29
Resigned
THORNTONS LAW LLP→
corporate-secretary · appointed 2004-12-01 · resigned 2010-07-15
Resigned
THORNTONS WS→
corporate-secretary · appointed 2003-05-29 · resigned 2003-05-31
Resigned
THORNTONS WS→
corporate-secretary · appointed 2003-03-26 · resigned 2003-05-02
Resigned
HUTCHESON, Iain Henderson→
director · ~64y · appointed 2003-03-26 · resigned 2003-05-02
Resigned

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

Mortgages & charges

12
Total charges
3
Outstanding
1
Active lenders
Status:Lender:12 of 12 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property04/09/201218/10/2018
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property03/09/201218/10/2018
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property03/09/201218/10/2018
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property24/12/2007—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property02/04/2007—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property02/04/2007—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property23/02/200701/11/2018
satisfied
Strathmore Estates (Holding)
Strathmore Estates (Holding) Limited
Standard security1 property21/12/200605/04/2008
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property01/02/200619/04/2007
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property01/02/200610/10/2006
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property01/02/200619/04/2007
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property26/06/200320/06/2007
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (113 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-26
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-15
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-17
change-person-director-company-with-change-date
officers · CH01
2023-03-17
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-11
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-26
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-20
accounts-with-accounts-type-micro-entity
accounts · AA
2020-02-26