MERIDIAN PROPERTY (SCOTLAND) LIMITED
💤Zombieactive
SC297888 · ltd · incorporated 2006-02-28
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 Feb 2025
Net worth
£495.6k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
Confirmed no charges registered
85
Directors & officers
7 officers (2 active, 7 linked, 5 with DOB)
84
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
64 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
75/100Strong
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
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Positive net assets
Net assets £495,586
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£496k
↑ 1.4% YoY
Current Assets
£226k
↓ 42% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Total assets | £495.6k | £488.8k |
| Current assets | £226.2k | £388.4k |
| Net assets | £495.6k | £488.8k |
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
1
filing
- • 1 accounts
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2026-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-11-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-11-13📄capital-cancellation-sharescapital · SH06
- 2024-07-11📄capital-return-purchase-own-sharescapital · SH03
- 2024-02-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-08-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-08-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-08-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-05-01➖CASSIDY, John resigneddirector
- 2023-03-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-12-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-04-27📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-04-27📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-11-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-04-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-10-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-03-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2010-03-17➖BAXTER, James resigneddirector
- 2009-07-24➖MCLEOD, Kenneth Whitelaw resigneddirector
- 2007-03-23➕BAXTER, James appointeddirector
- 2007-03-23➕CASSIDY, John appointeddirector
- 2007-03-23➕MCLEOD, Kenneth Whitelaw appointeddirector
- 2007-01-09➕CASSIDY, Michael appointedsecretary
- 2007-01-09➖FITZPATRICK, Lynsey resignedsecretary
- 2006-06-29➖CASSIDY, John Paul resigneddirector
- 2006-02-28🏢Company incorporatedAs MERIDIAN PROPERTY (SCOTLAND) LIMITED
- 2006-02-28➕CASSIDY, Michael appointeddirector
- 2006-02-28➕FITZPATRICK, Lynsey appointedsecretary
- 2006-02-28➕CASSIDY, John Paul appointeddirector
Owner dependency
85/100
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 20 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 20 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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Michael Cassidy Individual · British · DOB 08/1980 · age 46 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
2 historic (ceased) PSCs
- Mr James Baxterceased 01/05/2023· 25-50% shares
- Mr Ryan Baxterceased 23/04/2021· 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 · Property · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| MONTCLARE PROPERTY LTD→ SC736326 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| MONTFORD PROPERTY LIMITED→ SC768236 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| MORALE TILES & BATHROOMS UK LIMITED→ SC276176 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| MORTON CRAIG LIMITED→ SC092094 · est 1985 · no financials extracted | — | — | — | — | 41y | — | — |
| MOSSBURN DEVELOPMENTS LIMITED→ SC302424 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| MOUNTROSE PROPERTIES LIMITED→ SC233340 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| MOVING ESTATE AGENTS (GLASGOW) LIMITED→ SC702604 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| MTZ PROPERTY LTD→ SC872879 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MULTI SERVICE LETTING COMPANY LIMITED→ SC607076 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| MUNRO PROPERTY GROUP LTD→ SC812128 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| MURRAY AND STEVENSON PROPERTIES LTD→ SC838319 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| MURRAY PROPERTY HOLDINGS LTD→ SC616107 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
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
Incorporated2006-02-28
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
C/O Mclay, Mcalister & Mcgibbon Llp
145 St Vincent Street
Glasgow
G2 5JF
Scotland
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-12-04
Last: 2025-11-20
Officers (2 active · 5 resigned)
Active
CASSIDY, Michael→
Activedirector · ~46y · appointed 2006-02-28
View their other companies + combined net worth →
FITZPATRICK, Lynsey→
Resignedsecretary · appointed 2006-02-28 · resigned 2007-01-09
BAXTER, James→
Resigneddirector · ~66y · appointed 2007-03-23 · resigned 2010-03-17
CASSIDY, John→
Resigneddirector · ~64y · appointed 2007-03-23 · resigned 2023-05-01
CASSIDY, John Paul→
Resigneddirector · ~44y · appointed 2006-02-28 · resigned 2006-06-29
MCLEOD, Kenneth Whitelaw→
Resigneddirector · ~66y · appointed 2007-03-23 · resigned 2009-07-24
Click a director name to see their full track record across all companies.
Recent filings (64 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-04
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-20
capital-cancellation-shares
capital · SH06
2024-11-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-12
capital-return-purchase-own-shares
capital · SH03
2024-07-11
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-30
termination-director-company-with-name-termination-date
officers · TM01
2023-08-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-03-09
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-14