JOHNSTONE PROPERTY (SCOTLAND) LIMITED

💤Zombieactive

SC271534 · ltd · incorporated 2004-08-03

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 Aug 2024

Net worth

£2

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 99999

Sector: Extraterritorial bodies

Investor take

Pursue

Asset-holding vehicle with a 85-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 85). 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 (68/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

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

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

50 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £2

Very low cash

Cash position: £2

Key financials

1 year extracted from filed iXBRL accounts

Cash

£2

Net Worth

£2

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-08-31
Total assets	£2
Cash	£2
Net assets	£2

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 persons-with-significant-control

Counts from Companies House filing history.

Corporate timeline (23 events)Click to expand

2025-12-05
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-05-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-07
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-05-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-26
📄
accounts-with-accounts-type-dormant
accounts · AA
2018-12-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-07-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-05-13
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-12-29
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-08-13
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-12-02
📄
accounts-with-accounts-type-dormant
accounts · AA
2014-08-13
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-12-04
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2010-04-27
➖
JOHNSTONE, Ann Marguerite resigned
secretary
2004-08-03
🏢
Company incorporated
As JOHNSTONE PROPERTY (SCOTLAND) LIMITED
2004-08-03
➕
JOHNSTONE, James Henry appointed
director
2004-08-03
➕
JOHNSTONE, Ann Marguerite appointed
secretary
2004-08-03
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
2004-08-03
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
2004-08-03
➕
JORDANS (SCOTLAND) LIMITED appointed
corporate-nominee-director
2004-08-03
➖
JORDANS (SCOTLAND) LIMITED resigned
corporate-nominee-director

Owner dependency

100/100

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.
+Founder name in company name: Company name contains director surname "JOHNSTONE" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 85 — succession pressure is live.

Succession & seller-readiness

100/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 85 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

clean

No 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 James Henry Johnstone Individual · British · DOB 09/1941 · age 85	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

1 historic (ceased) PSC

Ms Ann Marguerite Johnstoneceased 04/12/2025· 25-50% shares · 25-50% voting

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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LITTLE LOCHANS FARMERS→ SL002268 · est 1993 · no financials extracted	—	—	—	—	32y	—	—
LOGAN ESTATE→ SL004098 · est 2001 · no financials extracted	—	—	—	—	25y	—	—
M.U.A. PRIVATE LIMITED→ SC848600 · est 2025 · no financials extracted	—	—	—	—	—	—	—
MACGREGOR FARMS→ SL000634 · est 1984 · no financials extracted	—	—	—	—	42y	—	—

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

Incorporated2004-08-03

Jurisdictionscotland

Primary SIC99999 — SIC 99999

Registered office

Farries Kirk & Mcvean

Dumfries Enterprise Park

Heathhall, Dumfries

Dumfries & Galloway

DG1 3ST

Filing status

Accounts

Next due: 2026-05-31

Last made up to: 2024-08-31

Confirmation statement

Next due: 2026-08-17

Last: 2025-08-03

Officers (1 active · 3 resigned)

JOHNSTONE, James Henry→

director · ~85y · appointed 2004-08-03

View their other companies + combined net worth →

Active

JOHNSTONE, Ann Marguerite→

secretary · appointed 2004-08-03 · resigned 2010-04-27

Resigned

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 2004-08-03 · resigned 2004-08-03

Resigned

JORDANS (SCOTLAND) LIMITED→

corporate-nominee-director · appointed 2004-08-03 · resigned 2004-08-03

Resigned

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