THE SHILLING GROUP (EDINBURGH) LTD
💤Zombieactive
SC251010 · ltd · incorporated 2003-06-12
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 Oct 2024
Net worth
—
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
ALSO REGISTERED FOR
- 70100Activities of head offices
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. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
21 live charges · 8 lenders · oldest 22.9y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 22.9 years old — likely at or near maturity.
- · 8 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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
21 charges (21/21 with lender, 21/21 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
104 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-10-31 | 2023-10-31 |
|---|
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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (64 events)Click to expand
- 2025-07-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-03🔒Charge registered #21Lender: Caledonian Heritable Limited
- 2023-04-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-04-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-04-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-03-17🔒Charge registered #20Lender: Caledonian Heritable Limited
- 2023-03-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-03-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-03-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-03-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-03-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-03-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-03-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-03-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-03-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-03-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-03-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-03-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-03-09🔓Charge satisfied #15
- 2023-03-09🔓Charge satisfied #14
- 2023-03-09🔓Charge satisfied #13
- 2023-03-09🔓Charge satisfied #12
- 2023-03-09🔓Charge satisfied #11
- 2023-03-09🔓Charge satisfied #10
- 2023-03-09🔓Charge satisfied #9
- 2023-03-09🔓Charge satisfied #8
- 2023-03-09🔓Charge satisfied #7
- 2023-02-28🔒Charge registered #19Lender: Caledonian Heritable Limited
- 2023-02-24🔒Charge registered #18Lender: The Royal Bank of Scotland
- 2023-02-24🔒Charge registered #17Lender: The Royal Bank of Scotland
- 2022-12-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-12-13🔒Charge registered #16Lender: The Royal Bank of Scotland PLC
- 2022-10-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-04-26🔒Charge registered #15Lender: Caledonian Heritable Limited
- 2019-04-26🔒Charge registered #14Lender: Caledonian Heritable Limited
- 2019-04-14🔒Charge registered #13Lender: Caledonian Heritable Limited
- 2017-10-20🔓Charge satisfied #2
- 2017-09-18🔒Charge registered #12Lender: Aib Group (UK) P.L.C.
- 2017-01-27🔓Charge satisfied #1
- 2016-11-24🔓Charge satisfied #4
- 2016-11-17🔓Charge satisfied #5
- 2016-11-17🔓Charge satisfied #3
- 2016-10-07🔒Charge registered #11Lender: Aib Group (UK) PLC
- 2016-10-07🔒Charge registered #10Lender: Aib Group (UK) PLC
- 2016-10-07🔒Charge registered #9Lender: Aib Group (UK) PLC
- 2016-10-06🔒Charge registered #8Lender: Aib Group (UK) LTD
- 2016-09-16🔒Charge registered #7Lender: Aib Group (UK) PLC
Showing most recent 50 of 64 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 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 · 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.
7 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 Michael John Mcguigan Individual · Irish · DOB 07/1974 · age 52 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 01/07/2016 |
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 · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| TULLYBEAGLES LIMITED→ SC352935 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| TWEEDDALE COURT (EDINBURGH) LIMITED→ SC074222 · est 1981 · no financials extracted | — | — | — | — | 45y | — | — |
| TWENTY TWO HOLDINGS LIMITED→ SC587584 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| TWO ROBS LIMITED→ SC855594 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| UM PROPERTY MANAGEMENT LIMITED→ SC797099 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| V&A HOUSES LTD→ SC788882 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| VISSER DEVELOPMENTS LTD→ SC796661 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| VISSER PROPERTY INVESTMENTS LTD→ SC666748 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| VMW PROPERTIES LTD→ SC850785 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| VNS LETS LIMITED→ SC733350 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| VSURE LTD→ SC864181 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| W9 DEVELOPMENTS LTD→ SC764449 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated2003-06-12
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
182/184 Morrison Street Morrison Street
Edinburgh
EH3 8EB
Scotland
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-07-24
Last: 2025-07-10
Officers (1 active · 3 resigned)
MCGUIGAN, Michael John→
Activedirector · ~52y · appointed 2003-06-12
View their other companies + combined net worth →
CONCHAR, Scott Douglas→
Resignedsecretary · appointed 2003-06-12 · resigned 2006-08-14
THORBURN, Lee, Mister→
Resignedsecretary · appointed 2006-09-30 · resigned 2012-09-27
CONCHAR, Scott Douglas→
Resigneddirector · ~52y · appointed 2003-06-12 · resigned 2006-08-14
Click a director name to see their full track record across all companies.
Mortgages & charges
21
Total charges
7
Outstanding
3
Active lenders
Status:Lender:21 of 21 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Caledonian Heritable Caledonian Heritable Limited | A registered charge | 1 property | 03/05/2023 | — | |
| outstanding | Caledonian Heritable Caledonian Heritable Limited | A registered charge | 1 property | 17/03/2023 | — | |
| outstanding | Caledonian Heritable Caledonian Heritable Limited | A registered charge | — | 28/02/2023 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland | A registered charge | 1 property | 24/02/2023 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland | A registered charge | 1 property | 24/02/2023 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 13/12/2022 | — | |
| satisfied | Caledonian Heritable Caledonian Heritable Limited | A registered charge | 1 property | 26/04/2019 | 09/03/2023 | |
| satisfied | Caledonian Heritable Caledonian Heritable Limited | A registered charge | 1 property | 26/04/2019 | 09/03/2023 | |
| satisfied | Caledonian Heritable Caledonian Heritable Limited | A registered charge | — | 14/04/2019 | 09/03/2023 | |
| satisfied | Aib Group (UK) P.L.C. | A registered charge | — | 18/09/2017 | 09/03/2023 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | A registered charge | 1 property | 07/10/2016 | 09/03/2023 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | A registered charge | 1 property | 07/10/2016 | 09/03/2023 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | A registered charge | 1 property | 07/10/2016 | 09/03/2023 | |
| satisfied | Aib Group (UK) Aib Group (UK) LTD | A registered charge | 1 property | 06/10/2016 | 09/03/2023 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | A registered charge | — | 16/09/2016 | 09/03/2023 | |
| satisfied | Shawbrook Shawbrook Bank Limited | Standard security | 1 property | 13/11/2012 | 17/11/2016 | |
| outstanding | Shawbrook Shawbrook Bank Limited | Deed of legal charge | 1 property | 12/11/2012 | — | |
| satisfied | Caledonian Heritable Caledonian Heritable Limited | Standard security | 1 property | 09/07/2003 | 24/11/2016 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 2 properties | 09/07/2003 | 17/11/2016 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 27/06/2003 | 27/01/2017 | |
| satisfied | Caledonian Heritable Caledonian Heritable Limited | Floating charge | 1 property | 26/06/2003 | 20/10/2017 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (104 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-24
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-04-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-04-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-04-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-16
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-09
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-09
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-09