L & I DEVELOPMENTS LIMITED

💤Zombieactive

SC262398 · ltd · incorporated 2004-01-23

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 Jun 2025

Net worth

£228.6k

book net assets

Opportunity

79/100

Strong

🔒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

Property-backed borrower with a 64-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (80/100, director aged 64). 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

22 live charges · 3 lenders · oldest 22.2y

15/100

under pressure

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

· Oldest live charge is 22.2 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· 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

Lenders & charges

22 charges (22/22 with lender, 22/22 with type)

Directors & officers

4 officers (2 active, 4 linked, 1 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

1 connected companies via shared directors

Filing history

104 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £228,599

Net assets shrinking

Down £12,669 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£229k

↓ 5.3% YoY

Current Assets

£5k

↓ 22% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-06-30	2024-06-30
Total assets	£307.6k	£308.9k
Current assets	£5.2k	£6.7k
Net assets	£228.6k	£241.3k

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (68 events)Click to expand

2025-07-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-15
📄
capital-allotment-shares
capital · SH01
2023-10-25
📄
capital-allotment-shares
capital · SH01
2023-09-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-20
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-20
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-20
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-20
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-20
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-20
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-20
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-20
🔓
Charge satisfied #22
2023-03-20
🔓
Charge satisfied #21
2023-03-20
🔓
Charge satisfied #20
2023-03-20
🔓
Charge satisfied #19
2023-03-20
🔓
Charge satisfied #18
2023-03-20
🔓
Charge satisfied #17
2023-03-20
🔓
Charge satisfied #15
2023-02-28
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-02-28
🔓
Charge satisfied #14
2022-07-29
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-07-29
🔓
Charge satisfied #16
2021-09-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-09-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2013-08-31
🔓
Charge satisfied #6
2013-08-24
🔓
Charge satisfied #13
2013-08-24
🔓
Charge satisfied #12
2013-08-24
🔓
Charge satisfied #11
2013-08-24
🔓
Charge satisfied #10
2013-08-24
🔓
Charge satisfied #9
2013-08-24
🔓
Charge satisfied #8
2013-08-24
🔓
Charge satisfied #7
2013-08-24
🔓
Charge satisfied #5
2013-08-24
🔓
Charge satisfied #4
2013-08-24
🔓
Charge satisfied #3
2013-08-24
🔓
Charge satisfied #2
2013-05-27
🔒
Charge registered #22
Lender: Bank of Scotland PLC
2013-05-27
🔒
Charge registered #21
Lender: Bank of Scotland PLC
2013-05-27
🔒
Charge registered #20
Lender: Bank of Scotland PLC
2013-05-27
🔒
Charge registered #19
Lender: Bank of Scotland PLC
2013-05-27
🔒
Charge registered #18
Lender: Bank of Scotland PLC
2013-05-27
🔒
Charge registered #17
Lender: Bank of Scotland PLC
2013-05-27
🔒
Charge registered #16
Lender: Bank of Scotland PLC
2013-05-27
🔒
Charge registered #15
Lender: Bank of Scotland PLC
2013-05-15
🔒
Charge registered #14
Lender: Bank of Scotland PLC
2009-01-15
🔒
Charge registered #13
Lender: Clydesdale Bank PLC
2008-04-17
🔒
Charge registered #12
Lender: Clydesdale Bank PLC

Showing most recent 50 of 68 events

Owner dependency

93/100

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 22 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

95/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 22 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%

Name	Shares	Voting rights	Nature of control	Notified
Mr Iain Alexander Honeyman Individual · British · DOB 09/1962 · age 64	75–100%	—	75-100% shares	01/05/2016

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 →

Similar companies

Active · Property · KY postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
LECALE HOLDINGS LTD→ SC797992 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
LIBRARY HOMES LTD→ SC828919 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
LINDSAY MILLER PROPERTIES LIMITED→ SC175790 · est 1997 · no financials extracted	—	—	—	—	28y	—	—
LINROD PROPERTIES LTD→ SC729078 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
LN REAL ESTATE LTD→ SC880007 · est 2026 · no financials extracted	—	—	—	—	—	—	—
LOMOND LAND LTD.→ SC349253 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
LUCAM HOLDINGS LIMITED→ SC687825 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
MACPHERSON PROPERTY RENOVATIONS LIMITED→ SC844487 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
MALTPROP LIMITED→ SC842584 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
MARSHALL PROPERTY HOLDINGS LIMITED→ SC562115 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
MARTI PROPERTY LTD→ SC843934 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
MARTIN COMMERCIAL PROPERTY (SCOTLAND) LIMITED→ SC692389 · est 2021 · no financials extracted	—	—	—	—	5y	—	—

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

Incorporated2004-01-23

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

50 Leven Road

Lundin Links

Leven

Fife

KY8 6AH

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2027-01-02

Last: 2025-12-19

Officers (2 active · 2 resigned)

HONEYMAN, Louise→

secretary · appointed 2004-01-23

View their other companies + combined net worth →

Active

HONEYMAN, Iain Alexander→

director · ~64y · appointed 2004-01-23

View their other companies + combined net worth →

Active

ONLINE CORPORATE SECRETARIES LIMITED→

corporate-secretary · appointed 2004-01-23 · resigned 2004-01-23

Resigned

ONLINE NOMINEES LIMITED→

corporate-nominee-director · appointed 2004-01-23 · resigned 2004-01-23

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:22 of 22 shown

		Type	Properties
satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	27/05/2013	20/03/2023
satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	27/05/2013	20/03/2023
satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	27/05/2013	20/03/2023
satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	27/05/2013	20/03/2023
satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	27/05/2013	20/03/2023
satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	27/05/2013	20/03/2023
satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	27/05/2013	29/07/2022
satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	27/05/2013	20/03/2023
satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	15/05/2013	28/02/2023
satisfied	Virgin Money Clydesdale Bank PLC	Standard security	1 property	15/01/2009	24/08/2013
satisfied	Virgin Money Clydesdale Bank PLC	Standard security	1 property	17/04/2008	24/08/2013
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	19/09/2005	24/08/2013
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	15/03/2005	24/08/2013
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	20/10/2004	24/08/2013
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	20/10/2004	24/08/2013
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	20/10/2004	24/08/2013
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	16/06/2004	31/08/2013
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	26/04/2004	24/08/2013
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	26/04/2004	24/08/2013
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	01/04/2004	24/08/2013
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	03/03/2004	24/08/2013
outstanding	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	16/02/2004	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (104 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-12-19

accounts-with-accounts-type-micro-entity

accounts · AA

2025-07-29

confirmation-statement-with-updates

confirmation-statement · CS01

2025-01-24

accounts-with-accounts-type-micro-entity

accounts · AA

2024-12-20

capital-allotment-shares

capital · SH01

2024-06-15

confirmation-statement-with-updates

confirmation-statement · CS01

2024-01-23

capital-allotment-shares

capital · SH01

2023-10-25

accounts-with-accounts-type-micro-entity

accounts · AA

2023-09-25

accounts-with-accounts-type-micro-entity

accounts · AA

2023-03-28

mortgage-satisfy-charge-full

mortgage · MR04

2023-03-20

mortgage-satisfy-charge-full

mortgage · MR04

2023-03-20

mortgage-satisfy-charge-full

mortgage · MR04

2023-03-20

mortgage-satisfy-charge-full

mortgage · MR04

2023-03-20

mortgage-satisfy-charge-full

mortgage · MR04

2023-03-20

mortgage-satisfy-charge-full

mortgage · MR04

2023-03-20