KIRKLEA COTTAGES LIMITED

💤Zombieactive
SC252284 · ltd · incorporated 2003-07-04
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
£110.0k
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Other holiday and other collective accommodation
Sector: Accommodation & food service
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 -98% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · oldest 3.0y

10/100
under pressure

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

  • · Newest facility, 3.0 years old — likely still in initial term.
  • · 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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 1 with DOB)
73
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
59 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 · accounting standard not declared
Positive net assets
Net assets £109,964
Net assets shrinking
Down £18,126 YoY
Cash draining
Cash down 98% YoY
Cash YoY
-98%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£449
↓ 98% YoY
Net Worth
£110k
↓ 14% YoY
Current Assets
£89k
↑ 57% YoY
Current Liabilities
—
£0£26k£51k£77k£102k£128kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£276.3k£305.4k
Current assets£89.3k£57.0k
Cash£449£19.2k
Debtors£88.6k£37.5k
Net assets£110.0k£128.1k

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
0
filings
Last 180 days
3
filings
  • • 2 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2025-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-10-28
    ➕
    MACLEOD, Chirsty appointed
    secretary
  3. 2025-10-28
    ➖
    MACLEOD, Catherine resigned
    secretary
  4. 2025-10-28
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  5. 2025-10-28
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  6. 2024-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-07-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2023-07-27
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  10. 2023-05-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2023-05-08
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  12. 2022-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-09-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-06-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  18. 2018-06-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  19. 2017-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2016-10-11
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  21. 2004-04-09
    ➖
    STORNOWAY BUSINESS SERVICES resigned
    corporate-secretary
  22. 2004-04-08
    ➕
    MACLEOD, Catherine appointed
    secretary
  23. 2003-07-04
    🏢
    Company incorporated
    As KIRKLEA COTTAGES LIMITED
  24. 2003-07-04
    ➕
    MACLEOD, Angus John appointed
    director
  25. 2003-07-04
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  26. 2003-07-04
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  27. 2003-07-04
    ➕
    STORNOWAY BUSINESS SERVICES appointed
    corporate-secretary
  28. 2003-07-04
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director
  29. 2003-07-04
    ➖
    JORDANS (SCOTLAND) 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

65/100
Strong succession signal

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

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.
  • 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.)

Group structure

Macleod Hospitality Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Macleod Hospitality Group Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
KIRKLEA COTTAGES LIMITED
This company · SC252284

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Macleod Hospitality Group Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control31/07/2016
1 historic (ceased) PSC
  • Mr Angus Johnson Macleodceased 31/07/2016· 75-100% shares · 75-100% voting · board control

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 · Hospitality · HS postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
GEARRANNAN VILLAGE LIMITED→
SC206276 · est 2000
——£25.9k—26y8376y
BORRODALE HOTEL (SOUTH UIST) LIMITED→
SC048498 · est 1971
——£46.4k—55y8266y
LANGASS LODGE LIMITED→
SC164740 · est 1996
——£571.0k—30y8263y
ACCOMMODATION IN STORNOWAY LTD→
SC358224 · est 2009
——£148.5k—17y8167y
BERNERA COMMUNITY ASSOCIATION→
SC200316 · est 1999 · no financials extracted
————26y8171y
GATLIFF HEBRIDEAN HOSTELS TRUST→
SC111557 · est 1988 · no financials extracted
————37y8183y
ATLANTIC LAND & PROPERTY LTD.→
SC039944 · est 1964
——£743.6k—62y8093y
CRAIGARD OF CASTLEBAY LIMITED→
SC467023 · est 2014
——£247.9k—12y8063y
DARK ISLAND LIMITED (THE)→
SC070764 · est 1980
——£775.9k—46y7966y
GREAT GLEN WATER PARK COMPANY LIMITED→
SC109880 · est 1988
——£238.5k—38y7973y
TURSACHAN TRADING LIMITED→
SC157572 · est 1995
——£35.1k—31y7974y
CAMERONS CHIP SHOP LTD→
SC304787 · est 2006
——£158.8k—19y7750y
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
Incorporated2003-07-04
Jurisdictionscotland
Primary SIC55209 — Other holiday and other collective accommodation

Registered office

26 Lewis Street
Stornoway
Isle Of Lewis
HS1 2JF

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-18
Last: 2025-07-04

Officers (2 active · 4 resigned)

MACLEOD, Chirsty→
secretary · appointed 2025-10-28
View their other companies + combined net worth →
Active
MACLEOD, Angus John→
director · ~55y · appointed 2003-07-04
View their other companies + combined net worth →
Active
MACLEOD, Catherine→
secretary · appointed 2004-04-08 · resigned 2025-10-28
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2003-07-04 · resigned 2003-07-04
Resigned
STORNOWAY BUSINESS SERVICES→
corporate-secretary · appointed 2003-07-04 · resigned 2004-04-09
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 2003-07-04 · resigned 2003-07-04
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property27/07/2023—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—08/05/2023—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (59 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-24
appoint-person-secretary-company-with-name-date
officers · AP03
2025-10-28
termination-secretary-company-with-name-termination-date
officers · TM02
2025-10-28
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-18
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-25
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2022-07-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-13
confirmation-statement-with-updates
confirmation-statement · CS01
2021-07-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-19