KORPP LTD.
💤Zombieactive
SC269794 · ltd · incorporated 2004-06-24
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
£42.1k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
PursueAsset-holding vehicle with a 76-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (93/100, director aged 76). 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).
🏦
Refinance opportunity
21 live charges · oldest 20.6y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 20.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)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
21 charges (21/21 with lender, 21/21 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 1 with DOB)
74
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
121 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £42,092
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£42k
~ YoY
Current Assets
—
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 | £42.1k | £42.1k |
| Debtors | £42.1k | £42.1k |
| Net assets | £42.1k | £42.1k |
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
2
filings
- • 1 gazette
- • 1 dissolution
Last 90 days
4
filings
- • 1 gazette
- • 1 dissolution
- • 1 accounts
Last 180 days
4
filings
- • 1 gazette
- • 1 dissolution
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (69 events)Click to expand
- 2026-05-05📄gazette-notice-voluntarygazette · GAZ1(A)
- 2026-04-25📄dissolution-application-strike-off-companydissolution · DS01
- 2026-03-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-02-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-20🔓Charge satisfied #1
- 2025-03-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-08-18🔓Charge satisfied #13
- 2021-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-06-24📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-01-24📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2021-01-24📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-01-20➕RICHMOND, Karen Koramshai appointedsecretary
- 2020-11-12📄change-person-director-company-with-change-dateofficers · CH01
- 2020-11-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-07-15➖KORAMSHAI, Lesley resignedsecretary
- 2020-06-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-06-03🔓Charge satisfied #5
- 2020-03-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-10-17🔓Charge satisfied #21
- 2015-10-17🔓Charge satisfied #6
- 2009-05-02🔓Charge satisfied #12
- 2007-11-29🔓Charge satisfied #20
- 2007-11-29🔓Charge satisfied #19
- 2007-11-29🔓Charge satisfied #18
- 2007-11-29🔓Charge satisfied #17
- 2007-11-29🔓Charge satisfied #16
- 2007-11-29🔓Charge satisfied #15
- 2007-11-29🔓Charge satisfied #14
- 2007-11-29🔓Charge satisfied #10
- 2007-11-29🔓Charge satisfied #11
- 2007-11-29🔓Charge satisfied #9
- 2007-11-29🔓Charge satisfied #8
- 2007-11-29🔓Charge satisfied #4
- 2007-11-29🔓Charge satisfied #3
- 2007-11-29🔓Charge satisfied #2
- 2007-09-25🔒Charge registered #21Lender: Paragon Mortgages Limited
- 2007-05-24🔒Charge registered #20Lender: Paragon Mortgages Limited
- 2007-03-02🔒Charge registered #19Lender: Paragon Mortgages Limited
- 2007-02-15🔒Charge registered #18Lender: Paragon Mortgages Limited
- 2007-02-15🔒Charge registered #17Lender: Paragon Mortgages Limited
- 2007-02-14🔒Charge registered #16Lender: Paragon Mortgages Limited
- 2007-01-30🔓Charge satisfied #7
- 2006-12-13🔒Charge registered #15Lender: Paragon Mortgages Limited
- 2006-09-29🔒Charge registered #13Lender: Paragon Mortgages Limited
- 2006-09-18🔒Charge registered #14Lender: Paragon Mortgages Limited
Showing most recent 50 of 69 events
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 22 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 76 — 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 76 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 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
mediumMultiple 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 Jam Koramshai Individual · British · DOB 08/1950 · age 76 | 75–100% | — | 75-100% shares | 06/04/2016 |
1 historic (ceased) PSC
- Mrs Lesley Winifred Koramshaiceased 15/07/2020· 25-50% shares
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 · Other · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| GLENWOOD SALES L.P.→ SL022274 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| HENDERSON LOGGIE LLP→ SO301630 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| KENTMILE INVEST L.P.→ SL019919 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| KIRKGAIT ENTERPRISES LTD→ SC343349 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| KRISTALL WEST LP→ SL035079 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| LAKEMONT SALES L.P.→ SL023002 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| LANDGATE RESOURCES L.P.→ SL023140 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| LANDHORN ALLIANCE L.P.→ SL022414 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| LANDLEY BUSINESS L.P.→ SL023405 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| LANDLINE COMPANY L.P.→ SL023141 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| LANDLORD EXPERTS L.P.→ SL023223 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| LANDSCALE LOGISTICS L.P.→ SL024178 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
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
Incorporated2004-06-24
Jurisdictionscotland
Primary SIC99999 — SIC 99999
Registered office
3 Maryfield Road
Broughty Ferry
Dundee
DD5 2JJ
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-07-07
Last: 2025-06-23
Officers (2 active · 3 resigned)
RICHMOND, Karen Koramshai→
Activesecretary · appointed 2021-01-20
View their other companies + combined net worth →
KORAMSHAI, Jam→
Activedirector · ~76y · appointed 2004-06-24
View their other companies + combined net worth →
KORAMSHAI, Lesley→
Resignedsecretary · appointed 2004-06-24 · resigned 2020-07-15
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2004-06-24 · resigned 2004-06-24
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2004-06-24 · resigned 2004-06-24
Click a director name to see their full track record across all companies.
Mortgages & charges
21
Total charges
0
Outstanding
0
Active lenders
Status:Lender:21 of 21 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Paragon Paragon Mortgages Limited | Legal charge | 1 property | 25/09/2007 | 17/10/2015 | |
| satisfied | Paragon Paragon Mortgages Limited | Standard security | 1 property | 24/05/2007 | 29/11/2007 | |
| satisfied | Paragon Paragon Mortgages Limited | Standard security | 1 property | 02/03/2007 | 29/11/2007 | |
| satisfied | Paragon Paragon Mortgages Limited | Standard security | 1 property | 15/02/2007 | 29/11/2007 | |
| satisfied | Paragon Paragon Mortgages Limited | Standard security | 1 property | 15/02/2007 | 29/11/2007 | |
| satisfied | Paragon Paragon Mortgages Limited | Standard security | 1 property | 14/02/2007 | 29/11/2007 | |
| satisfied | Paragon Paragon Mortgages Limited | Standard security | 1 property | 13/12/2006 | 29/11/2007 | |
| satisfied | Paragon Paragon Mortgages Limited | Standard security | 1 property | 29/09/2006 | 18/08/2021 | |
| satisfied | Paragon Paragon Mortgages Limited | Standard security | 1 property | 18/09/2006 | 29/11/2007 | |
| satisfied | Paragon Paragon Mortgages Limited | Standard security | 1 property | 12/09/2006 | 02/05/2009 | |
| satisfied | Paragon Paragon Mortgages Limited | Standard security | 1 property | 18/07/2006 | 29/11/2007 | |
| satisfied | Paragon Paragon Mortgages Limited | Standard security | 1 property | 11/07/2006 | 29/11/2007 | |
| satisfied | Paragon Paragon Mortgages Limited | Standard security | 1 property | 07/06/2006 | 29/11/2007 | |
| satisfied | Paragon Paragon Mortgages Limited | Standard security | 1 property | 29/05/2006 | 29/11/2007 | |
| satisfied | Paragon Paragon Mortgages Limited | Standard security | 1 property | 20/04/2006 | 30/01/2007 | |
| satisfied | Paragon Paragon Mortgages Limited | Standard security | 1 property | 07/04/2006 | 17/10/2015 | |
| satisfied | Paragon Paragon Mortgages Limited | Standard security | 1 property | 04/04/2006 | 03/06/2020 | |
| satisfied | Paragon Paragon Mortgages Limited | Standard security | 1 property | 08/03/2006 | 29/11/2007 | |
| satisfied | Paragon Paragon Mortgages Limited | Standard security | 1 property | 10/11/2005 | 29/11/2007 | |
| satisfied | Paragon Paragon Mortgages Limited | Standard security | 1 property | 10/11/2005 | 29/11/2007 | |
| satisfied | Paragon Paragon Mortgages Limited | Floating charge | 1 property | 19/10/2005 | 20/02/2026 |
Recent filings (121 total)
gazette-notice-voluntary
gazette · GAZ1(A)
2026-05-05
dissolution-application-strike-off-company
dissolution · DS01
2026-04-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-17
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-27
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-31
mortgage-satisfy-charge-full
mortgage · MR04
2021-08-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-06-25