CM ESTATES LTD.

💤Zombieactive
SC247400 · ltd · incorporated 2003-04-07
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 Jul 2025
Net worth
£1.19M
book net assets
Opportunity
77/100
Strong
🔔
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
Strong opportunity: property-backed borrower with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -49% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 22.8y

45/100
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.
  • · Single lender — cleanest path to refinance.
  • · 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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 2 with DOB)
77
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
65 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
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
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 £1,192,493
Cash draining
Cash down 49% YoY
Cash YoY
-49%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£722k
↓ 49% YoY
Net Worth
£1.2m
↑ 12% YoY
Current Assets
£993k
↓ 30% YoY
Current Liabilities
—
£0£285k£570k£855k£1.1m£1.4mJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-07-312024-07-31
Total assets£1.19M£1.07M
Current assets£992.9k£1.42M
Cash£722.5k£1.42M
Debtors£270.4k£2.4k
Net assets£1.19M£1.07M

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
3
filings
  • • 1 confirmation-statement
  • • 1 resolution
  • • 1 capital
Last 180 days
4
filings
  • • 1 confirmation-statement
  • • 1 resolution
  • • 1 capital
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-03-13
    📄
    resolution
    resolution · RESOLUTIONS
  2. 2026-03-13
    📄
    capital-allotment-shares
    capital · SH01
  3. 2025-11-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-10-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-11-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-10-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-10-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-10-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-10-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-03-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-11-13
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  12. 2018-10-15
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  13. 2018-10-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-04-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2018-04-10
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  16. 2017-08-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2015-01-12
    ➕
    CROSBIE, Isabella Kinnear appointed
    secretary
  18. 2015-01-12
    ➖
    MACMORRAN, Ewan David resigned
    secretary
  19. 2015-01-12
    ➖
    MACMORRAN, Ewan David resigned
    director
  20. 2003-07-22
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  21. 2003-04-07
    🏢
    Company incorporated
    As CM ESTATES LTD.
  22. 2003-04-07
    ➕
    CROSBIE, Craig appointed
    director
  23. 2003-04-07
    ➕
    MACMORRAN, Ewan David appointed
    secretary
  24. 2003-04-07
    ➕
    UK COMPANY SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  25. 2003-04-07
    ➖
    UK COMPANY SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  26. 2003-04-07
    ➕
    MACMORRAN, Ewan David appointed
    director
  27. 2003-04-07
    ➕
    UK INCORPORATIONS LIMITED appointed
    corporate-nominee-director
  28. 2003-04-07
    ➖
    UK INCORPORATIONS LIMITED resigned
    corporate-nominee-director

Owner dependency

85/100
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 23 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong 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 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

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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Craig Crosbie
Individual · British · DOB 02/1974 · age 52
75–100%
—75-100% shares01/07/2016

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 · FK postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
CRESCENT PROPERTY GROUP LTD→
SC868040 · est 2025 · no financials extracted
———————
CRICHTON HOMES LTD→
SC738496 · est 2022 · no financials extracted
————3y——
CROLLA DEVELOPMENTS LTD.→
SC272177 · est 2004 · no financials extracted
————21y——
CUMBRAE ASSETS LTD→
SC779979 · est 2023 · no financials extracted
————2y——
D & R CENTRAL PROPERTIES LTD→
SC844757 · est 2025 · no financials extracted
————1y——
D M PRIME PROPERTY INVESTMENTS LTD→
SC781629 · est 2023 · no financials extracted
————2y——
D&L PROPERTIES (SCOTLAND) LTD→
SC820862 · est 2024 · no financials extracted
————1y——
DAEE PROPERTY LTD→
SC838603 · est 2025 · no financials extracted
————1y——
DALM PROPERTIES LTD→
SC655506 · est 2020 · no financials extracted
————6y——
DASH (SCOTLAND) LTD→
SC155663 · est 1995 · no financials extracted
————31y——
DAVID PHILIP PROPERTY INVESTMENTS LTD→
SC699234 · est 2021 · no financials extracted
————4y——
DCHJ LIMITED→
SC788888 · est 2023 · no financials extracted
————2y——
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated2003-04-07
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Mungalend Court Castle Crescent
Bankside Industrial Estate
Falkirk
FK2 7XY

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2027-03-15
Last: 2026-03-01

Officers (2 active · 4 resigned)

CROSBIE, Isabella Kinnear→
secretary · appointed 2015-01-12
View their other companies + combined net worth →
Active
CROSBIE, Craig→
director · ~52y · appointed 2003-04-07
View their other companies + combined net worth →
Active
MACMORRAN, Ewan David→
secretary · appointed 2003-04-07 · resigned 2015-01-12
Resigned
UK COMPANY SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2003-04-07 · resigned 2003-04-07
Resigned
MACMORRAN, Ewan David→
director · ~66y · appointed 2003-04-07 · resigned 2015-01-12
Resigned
UK INCORPORATIONS LIMITED→
corporate-nominee-director · appointed 2003-04-07 · resigned 2003-04-07
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property22/07/2003—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (65 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-16
resolution
resolution · RESOLUTIONS
2026-03-13
capital-allotment-shares
capital · SH01
2026-03-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-03