LANDCO FIVE LIMITED

💤Zombieactive
SC302776 · ltd · incorporated 2006-05-23
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.
Why now
Window closing · medium confidence
Getting harder to buy cheaply — 1 signals strengthening over the last 30 days.
  • · Hygiene score: 85 → 90
What changed my view
Last 30 days

Picture improved over the last 30 days — 1 positive signal vs 0 negative.

  • ↑Hygiene score: 85 → 90
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£87
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: SIC 39000
Sector: Water supply & waste
Investor take
Pursue
Strong 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
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
75 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 102
Positive net assets
Net assets £87

Key financials

1 year extracted from filed iXBRL accounts
Cash
£100
Net Worth
£87
Current Assets
£100
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-31
Total assets£87
Current assets£100
Cash£100
Net assets£87

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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2025-11-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-07
    ➖
    THOMSON, Carol resigned
    secretary
  3. 2025-05-07
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  4. 2024-08-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-02-28
    ➖
    MCFARLANE, Robert resigned
    director
  6. 2024-02-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2023-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-12-14
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  9. 2023-12-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2023-12-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2023-12-14
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  12. 2023-12-12
    ➕
    MCFARLANE, Michelle appointed
    director
  13. 2023-12-12
    ➖
    MCFARLANE, Michelle resigned
    secretary
  14. 2023-12-12
    ➕
    THOMSON, Carol appointed
    secretary
  15. 2023-12-12
    ➖
    THOMSON, Carol resigned
    director
  16. 2023-01-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-12-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2021-03-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2020-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-10-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2019-10-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  22. 2019-10-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  23. 2019-10-30
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  24. 2017-08-18
    ➖
    TAYLOR, Eric Raymond resigned
    director
  25. 2008-02-28
    ➖
    LAPPIN, Michelle resigned
    director
  26. 2008-02-22
    ➕
    MCFARLANE, Michelle appointed
    secretary
  27. 2008-02-22
    ➖
    MACLAY MURRAY & SPENS LLP resigned
    corporate-nominee-secretary
  28. 2008-02-22
    ➕
    LAPPIN, Michelle appointed
    director
  29. 2008-02-22
    ➕
    MCFARLANE, Robert appointed
    director
  30. 2008-02-22
    ➕
    TAYLOR, Eric Raymond appointed
    director
  31. 2008-02-22
    ➕
    THOMSON, Carol appointed
    director
  32. 2008-02-22
    ➖
    VINDEX LIMITED resigned
    corporate-nominee-director
  33. 2008-02-22
    ➖
    VINDEX SERVICES LIMITED resigned
    corporate-nominee-director
  34. 2006-05-23
    🏢
    Company incorporated
    As LANDCO FIVE LIMITED
  35. 2006-05-23
    ➕
    MACLAY MURRAY & SPENS LLP appointed
    corporate-nominee-secretary
  36. 2006-05-23
    ➕
    VINDEX LIMITED appointed
    corporate-nominee-director
  37. 2006-05-23
    ➕
    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.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Robert Mcfarlane
Individual · British · DOB 08/1946 · age 80
——sig. influencesignificant influence01/05/2017

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 →

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——24629y8459y
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——029y8259y
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——£1.59M—22y8361y
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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
Incorporated2006-05-23
Jurisdictionscotland
Primary SIC39000 — SIC 39000

Registered office

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

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-05-10
Last: 2026-04-26

Officers (1 active · 9 resigned)

MCFARLANE, Michelle→
director · ~58y · appointed 2023-12-12
View their other companies + combined net worth →
Active
MCFARLANE, Michelle→
secretary · appointed 2008-02-22 · resigned 2023-12-12
Resigned
THOMSON, Carol→
secretary · appointed 2023-12-12 · resigned 2025-05-07
Resigned
MACLAY MURRAY & SPENS LLP→
corporate-nominee-secretary · appointed 2006-05-23 · 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 2017-08-18
Resigned
THOMSON, Carol→
director · ~55y · appointed 2008-02-22 · resigned 2023-12-12
Resigned
VINDEX LIMITED→
corporate-nominee-director · appointed 2006-05-23 · resigned 2008-02-22
Resigned
VINDEX SERVICES LIMITED→
corporate-nominee-director · appointed 2006-05-23 · resigned 2008-02-22
Resigned

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

Recent filings (75 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-03
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
2024-08-14
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-secretary-company-with-name-date
officers · AP03
2023-12-14
appoint-person-director-company-with-name-date
officers · AP01
2023-12-14
termination-director-company-with-name-termination-date
officers · TM01
2023-12-14
termination-secretary-company-with-name-termination-date
officers · TM02
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