LANDCO TWO LIMITED

💤Zombieactive
SC301409 · ltd · incorporated 2006-04-27
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
78/100
Strong
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (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 (73/100).

Data confidence

Overall: low (54/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
10 officers (1 active, 10 linked, 5 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
89 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
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 (39 events)Click to expand
  1. 2026-03-30
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  2. 2025-05-07
    ➖
    THOMSON, Carol resigned
    secretary
  3. 2025-05-07
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  4. 2025-01-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2024-02-28
    ➖
    MCFARLANE, Robert resigned
    director
  6. 2024-02-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2024-02-28
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  8. 2024-02-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2024-02-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2024-02-28
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  11. 2024-02-15
    ➕
    MCFARLANE, Michelle appointed
    director
  12. 2024-02-15
    ➕
    THOMSON, Carol appointed
    secretary
  13. 2024-02-15
    ➖
    THOMSON, Carol resigned
    director
  14. 2024-02-13
    ➖
    MCFARLANE, Michelle resigned
    secretary
  15. 2024-01-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2023-01-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2021-12-31
    📄
    accounts-with-accounts-type-small
    accounts · AA
  18. 2021-04-27
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  19. 2021-04-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 2021-04-14
    📄
    capital-alter-shares-subdivision
    capital · SH02
  21. 2021-04-14
    📄
    capital-allotment-shares
    capital · SH01
  22. 2021-04-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2021-04-08
    📄
    resolution
    resolution · RESOLUTIONS
  24. 2021-04-08
    📄
    resolution
    resolution · RESOLUTIONS
  25. 2020-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2017-12-16
    ➖
    TAYLOR, Eric Raymond resigned
    director
  27. 2008-02-28
    ➖
    LAPPIN, Michelle resigned
    director
  28. 2008-02-22
    ➕
    MCFARLANE, Michelle appointed
    secretary
  29. 2008-02-22
    ➖
    MACLAY MURRAY & SPENS LLP resigned
    corporate-nominee-secretary
  30. 2008-02-22
    ➕
    LAPPIN, Michelle appointed
    director
  31. 2008-02-22
    ➕
    MCFARLANE, Robert appointed
    director
  32. 2008-02-22
    ➕
    TAYLOR, Eric Raymond appointed
    director
  33. 2008-02-22
    ➕
    THOMSON, Carol appointed
    director
  34. 2008-02-22
    ➖
    VINDEX LIMITED resigned
    corporate-nominee-director
  35. 2008-02-22
    ➖
    VINDEX SERVICES LIMITED resigned
    corporate-nominee-director
  36. 2006-04-27
    🏢
    Company incorporated
    As LANDCO TWO LIMITED
  37. 2006-04-27
    ➕
    MACLAY MURRAY & SPENS LLP appointed
    corporate-nominee-secretary
  38. 2006-04-27
    ➕
    VINDEX LIMITED appointed
    corporate-nominee-director
  39. 2006-04-27
    ➕
    VINDEX SERVICES LIMITED appointed
    corporate-nominee-director

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Npl Developments Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Npl Developments Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
LANDCO TWO LIMITED
This company · SC301409

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Npl Developments Ltd
Corporate entity
75–100%
—75-100% shares26/03/2021
Mr Robert Mcfarlane
Individual · British · DOB 08/1946 · age 80
——sig. influencesignificant influence14/12/2016

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

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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 →
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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
Incorporated2006-04-27
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

183 1st Floor
183 St. Vincent Street
Glasgow
G2 5QD

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-03-31
Confirmation statement
Next due: 2026-05-11
Last: 2025-04-27

Officers (1 active · 9 resigned)

MCFARLANE, Michelle→
director · ~58y · appointed 2024-02-15
View their other companies + combined net worth →
Active
MCFARLANE, Michelle→
secretary · appointed 2008-02-22 · resigned 2024-02-13
Resigned
THOMSON, Carol→
secretary · appointed 2024-02-15 · resigned 2025-05-07
Resigned
MACLAY MURRAY & SPENS LLP→
corporate-nominee-secretary · appointed 2006-04-27 · resigned 2008-02-22
Resigned
LAPPIN, Michelle→
director · ~58y · appointed 2008-02-22 · resigned 2008-02-28
Resigned
MCFARLANE, Robert→
director · ~80y · appointed 2008-02-22 · resigned 2024-02-28
Resigned
TAYLOR, Eric Raymond→
director · ~75y · appointed 2008-02-22 · resigned 2017-12-16
Resigned
THOMSON, Carol→
director · ~55y · appointed 2008-02-22 · resigned 2024-02-15
Resigned
VINDEX LIMITED→
corporate-nominee-director · appointed 2006-04-27 · resigned 2008-02-22
Resigned
VINDEX SERVICES LIMITED→
corporate-nominee-director · appointed 2006-04-27 · resigned 2008-02-22
Resigned

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

Recent filings (89 total)

change-account-reference-date-company-current-shortened
accounts · AA01
2026-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-07
termination-secretary-company-with-name-termination-date
officers · TM02
2025-05-07
accounts-with-accounts-type-dormant
accounts · AA
2025-01-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-04
termination-director-company-with-name-termination-date
officers · TM01
2024-02-28
appoint-person-secretary-company-with-name-date
officers · AP03
2024-02-28
appoint-person-director-company-with-name-date
officers · AP01
2024-02-28
termination-director-company-with-name-termination-date
officers · TM01
2024-02-28
termination-secretary-company-with-name-termination-date
officers · TM02
2024-02-28
accounts-with-accounts-type-dormant
accounts · AA
2024-01-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-04
accounts-with-accounts-type-dormant
accounts · AA
2023-01-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-03
accounts-with-accounts-type-small
accounts · AA
2021-12-31