LANDCO THREE LIMITED
💤Zombieactive
SC301410 · 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
—
year to Mar 2025
Net worth
£508.5k
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: SIC 39000
Sector: Water supply & waste
Investor take
PursueStrong opportunity: asset-holding vehicle 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: medium (73/100)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
50
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
10 connected companies via shared directors
75
Filing history
77 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.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £508,514
Very low cash
Cash position: £2
Key financials
1 year extracted from filed iXBRL accountsCash
£2
Net Worth
£509k
Current Assets
£2
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 |
|---|---|
| Total assets | £508.5k |
| Current assets | £2 |
| Cash | £2 |
| Net assets | £508.5k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
- 2025-10-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-07➖THOMSON, Carol resignedsecretary
- 2025-05-07📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-08-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-28➖MCFARLANE, Robert resigneddirector
- 2024-02-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-12-14📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2023-12-14📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-12-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-13➕MCFARLANE, Michelle appointeddirector
- 2023-12-13➖MCFARLANE, Michelle resignedsecretary
- 2023-12-13➕THOMSON, Carol appointedsecretary
- 2023-12-13➖THOMSON, Carol resigneddirector
- 2023-01-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-04-06📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2020-04-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-01-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-29📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2019-10-28📄change-person-secretary-company-with-change-dateofficers · CH03
- 2018-03-07➖TAYLOR, Eric Raymond resigneddirector
- 2008-02-28➖LAPPIN, Michelle resigneddirector
- 2008-02-22➕MCFARLANE, Michelle appointedsecretary
- 2008-02-22➖MACLAY MURRAY & SPENS LLP resignedcorporate-nominee-secretary
- 2008-02-22➕LAPPIN, Michelle appointeddirector
- 2008-02-22➕MCFARLANE, Robert appointeddirector
- 2008-02-22➕TAYLOR, Eric Raymond appointeddirector
- 2008-02-22➕THOMSON, Carol appointeddirector
- 2008-02-22➖VINDEX LIMITED resignedcorporate-nominee-director
- 2008-02-22➖VINDEX SERVICES LIMITED resignedcorporate-nominee-director
- 2006-04-27🏢Company incorporatedAs LANDCO THREE LIMITED
- 2006-04-27➕MACLAY MURRAY & SPENS LLP appointedcorporate-nominee-secretary
- 2006-04-27➕VINDEX LIMITED appointedcorporate-nominee-director
- 2006-04-27➕VINDEX SERVICES LIMITED appointedcorporate-nominee-director
Owner dependency
83/100
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.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
55/100
Strong succession signalMultiple 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Langeniq Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Langeniq Limited
Corporate parent · holds 75-100% shares
⬇
LANDCO THREE LIMITED
This company · SC301410
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Langeniq Limited Corporate entity | 75–100% | — | 75-100% shares | 31/03/2020 |
Mr Robert Mcfarlane Individual · British · DOB 08/1946 · age 80 | — | — | sig. influencesignificant influence | 14/12/2016 |
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.
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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 →🔒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
Incorporated2006-04-27
Jurisdictionscotland
Primary SIC39000 — SIC 39000
Registered office
183 St. Vincent Street
Glasgow
G2 5QD
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-05-10
Last: 2025-04-26
Officers (1 active · 9 resigned)
MCFARLANE, Michelle→
Activedirector · ~58y · appointed 2023-12-13
View their other companies + combined net worth →
MCFARLANE, Michelle→
Resignedsecretary · appointed 2008-02-22 · resigned 2023-12-13
THOMSON, Carol→
Resignedsecretary · appointed 2023-12-13 · resigned 2025-05-07
MACLAY MURRAY & SPENS LLP→
Resignedcorporate-nominee-secretary · appointed 2006-04-27 · resigned 2008-02-22
LAPPIN, Michelle→
Resigneddirector · ~58y · appointed 2008-02-22 · resigned 2008-02-28
MCFARLANE, Robert→
Resigneddirector · ~80y · appointed 2008-02-22 · resigned 2024-02-28
TAYLOR, Eric Raymond→
Resigneddirector · ~75y · appointed 2008-02-22 · resigned 2018-03-07
THOMSON, Carol→
Resigneddirector · ~55y · appointed 2008-02-22 · resigned 2023-12-13
VINDEX LIMITED→
Resignedcorporate-nominee-director · appointed 2006-04-27 · resigned 2008-02-22
VINDEX SERVICES LIMITED→
Resignedcorporate-nominee-director · appointed 2006-04-27 · resigned 2008-02-22
Click a director name to see their full track record across all companies.
Recent filings (77 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-31
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-total-exemption-full
accounts · AA
2024-08-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-14
termination-director-company-with-name-termination-date
officers · TM01
2024-02-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-15
appoint-person-director-company-with-name-date
officers · AP01
2023-12-14
appoint-person-secretary-company-with-name-date
officers · AP03
2023-12-14
termination-secretary-company-with-name-termination-date
officers · TM02
2023-12-14
termination-director-company-with-name-termination-date
officers · TM01
2023-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-13