LEE INNES LIMITED

🌳Matureactive
SC248630 · ltd · incorporated 2003-04-30
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£114.0k
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Construction of other civil engineering projects n.e.c.
Sector: Construction
ALSO REGISTERED FOR
  • 43110Demolition
Investor take
Pursue
Strong opportunity: active trading company 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 -63% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

1 live charge · oldest 17.0y

45/100
under pressure

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

  • · Oldest live charge is 17.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

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, 2 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
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
63 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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 · FRS 102
Positive net assets
Net assets £113,978
Net assets shrinking
Down £15,439 YoY
Cash draining
Cash down 63% YoY
Cash YoY
-63%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£24k
↓ 63% YoY
Net Worth
£114k
↓ 12% YoY
Current Assets
£176k
↑ 87% YoY
Current Liabilities
—
£0£35k£70k£105k£141k£176kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£237.4k£208.5k
Current assets£175.7k£93.8k
Cash£23.6k£64.1k
Debtors£151.5k£21.1k
Net assets£114.0k£129.4k

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-10-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-03-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-03-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-03-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2023-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-04-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2023-01-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-11-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2021-01-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-12-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-12-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2017-05-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2009-04-29
    🔒
    Charge registered #1
    Lender: Royal Bank of Scotland PLC
  17. 2007-01-10
    ➕
    INNES, Shonah appointed
    director
  18. 2003-04-30
    🏢
    Company incorporated
    As LEE INNES LIMITED
  19. 2003-04-30
    ➕
    INNES, Shonah appointed
    secretary
  20. 2003-04-30
    ➕
    INNES, Lee appointed
    director
  21. 2003-04-30
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  22. 2003-04-30
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  23. 2003-04-30
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director
  24. 2003-04-30
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director

Owner dependency

91/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "INNES" — 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.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Lee Innes
Individual · British · DOB 11/1976 · age 50
25–50%
25–50%25-50% shares · 25-50% voting01/05/2016
Mrs Shonah Innes
Individual · British · DOB 03/1982 · age 44
25–50%
25–50%25-50% shares · 25-50% voting01/05/2016

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 →

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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
SEIVWRIGHT BROTHERS LIMITED→
SC234623 · est 2002
£8.04M
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——7323y8776y
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SC071884 · est 1980
£3.47M
£2.48M–£4.46M
——1720045y8461y
M.T.M.CONSTRUCTION LIMITED→
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£2.93M
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——520051y8776y
THISTLE WINDOWS & CONSERVATORIES LIMITED→
SC159622 · est 1995
£1.28M
£917.3k–£1.65M
——11930y8465y
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£910.0k
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——10545y8387y
AJC CONSTRUCTION SCOTLAND LIMITED→
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———270025y8360y
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——£72.9k—25y8363y
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——£3.06M—39y8359y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2003-04-30
Jurisdictionscotland
Primary SIC42990 — Construction of other civil engineering projects n.e.c.

Registered office

Coldwells House
Cornhill
Banff
AB45 2DJ
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-05-08
Last: 2026-04-24

Officers (3 active · 2 resigned)

INNES, Shonah→
secretary · appointed 2003-04-30
View their other companies + combined net worth →
Active
INNES, Lee→
director · ~50y · appointed 2003-04-30
View their other companies + combined net worth →
Active
INNES, Shonah→
director · ~44y · appointed 2007-01-10
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2003-04-30 · resigned 2003-04-30
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 2003-04-30 · resigned 2003-04-30
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
Lloyds Banking Group
Royal Bank of Scotland PLC
Floating charge1 property29/04/2009—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (63 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-28
change-person-director-company-with-change-date
officers · CH01
2024-03-28
change-person-director-company-with-change-date
officers · CH01
2024-03-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-04-24
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-10
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-19
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-23