KINCARDINE PROPERTIES LIMITED
💤Zombieactive
SC269661 · ltd · incorporated 2004-06-22
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
—
not disclosed
Net worth
—
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Renting and operating of Housing Association real estate
Sector: Real estate
Investor take
PursueActive trading company with a 80-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 80). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: medium (56/100)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
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (1 active, 3 linked, 2 with DOB)
83
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
54 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Recent activity
Last 30 days
1
filing
- • 1 accounts
Last 90 days
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
- 2026-04-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-04-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-04-22📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-05-03📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-03-31📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-02-23📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-04-22📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-04-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-01-28📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2019-01-24➖MACKINNONS resignedcorporate-secretary
- 2018-04-09📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-08-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2017-04-18📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-07-05📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-12-04📄accounts-with-accounts-type-dormantaccounts · AA
- 2015-06-25📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-05-26📄accounts-with-accounts-type-dormantaccounts · AA
- 2005-07-02➖JONES, Graham Edward resigneddirector
- 2005-07-01➕GROUNDWATER, David Ivan appointeddirector
- 2004-06-22🏢Company incorporatedAs KINCARDINE PROPERTIES LIMITED
- 2004-06-22➕MACKINNONS appointedcorporate-secretary
- 2004-06-22➕JONES, Graham Edward appointeddirector
Owner dependency
100/100
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 21 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 80 — succession pressure is live.
Succession & seller-readiness
100/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 80 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 21 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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Ivan Groundwater Individual · British · DOB 10/1946 · age 80 | — | — | sig. influencesignificant influence · trust interest · firm interest | 01/08/2016 |
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 · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| JTS PROPERTIES LTD→ SC618819 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| JU03 MAC LTD→ SC750555 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| JUST BEHOLD LTD→ SC777152 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| JW KEGS PROPERTIES LTD→ SC784454 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| KAN MURRAY LTD→ SC812878 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| KCN KIDD LTD→ SC816682 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| KINTAIL MANAGEMENT LIMITED→ SC214155 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| KL PROPERTYINVEST-RENTAL LIMITED→ SC827828 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| KN 14 LIMITED→ SC472949 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| KNIGHT PROPERTY HOLDINGS LIMITED→ SC849897 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| KNOCKOTHIE DEVELOPMENTS LIMITED→ SC477721 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| KODAN LIMITED→ SC711691 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
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
Incorporated2004-06-22
Jurisdictionscotland
Primary SIC68201 — Renting and operating of Housing Association real estate
Registered office
Groundwater Lift Trucks Ltd Spurryhillock Industrial Estate
Broomhill Road
Stonehaven
Kincardineshire
AB39 2NH
Filing status
Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-07-06
Last: 2025-06-22
Officers (1 active · 2 resigned)
GROUNDWATER, David Ivan→
Activedirector · ~80y · appointed 2005-07-01
View their other companies + combined net worth →
MACKINNONS→
Resignedcorporate-secretary · appointed 2004-06-22 · resigned 2019-01-24
JONES, Graham Edward→
Resigneddirector · ~61y · appointed 2004-06-22 · resigned 2005-07-02
Click a director name to see their full track record across all companies.
Recent filings (54 total)
accounts-with-accounts-type-dormant
accounts · AA
2026-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-31
accounts-with-accounts-type-dormant
accounts · AA
2025-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-25
accounts-with-accounts-type-dormant
accounts · AA
2024-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-24
accounts-with-accounts-type-dormant
accounts · AA
2023-05-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-14
accounts-with-accounts-type-dormant
accounts · AA
2022-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-24
accounts-with-accounts-type-dormant
accounts · AA
2021-02-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-07
accounts-with-accounts-type-dormant
accounts · AA
2020-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-30
accounts-with-accounts-type-dormant
accounts · AA
2019-04-30