LOTUS DIAMOND LIMITED

💤Zombieactive
SC322635 · ltd · incorporated 2007-05-01
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 May 2024
Net worth
£687.0k
book net assets
Opportunity
69/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: SIC 32120
Sector: Manufacturing
Investor take
Special-situation opportunity
Distressed manufacturing with salvageable qualities — special-situations priority.

Opportunity 69/100 (strong), bankability 55/100. Strong seller-intent signal (65/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 5.4y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 5.4 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
71 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £687,049
Cash draining
Cash down 97% YoY
Cash YoY
-97%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£5k
↓ 97% YoY
Net Worth
£687k
↑ 6.7% YoY
Current Assets
£995k
↓ 8.9% YoY
Current Liabilities
—
£0£218k£437k£655k£873k£1.1mMay 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-05-312023-05-31
Total assets£711.2k£707.0k
Current assets£994.7k£1.09M
Cash£4.9k£165.7k
Net assets£687.0k£644.1k

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
1
filing
  • • 1 gazette
Last 90 days
1
filing
  • • 1 gazette
Last 180 days
1
filing
  • • 1 gazette
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2026-04-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-05-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-04-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-01-24
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  5. 2025-01-24
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  6. 2025-01-18
    ➕
    SAGLAM, Haluk appointed
    secretary
  7. 2025-01-18
    ➖
    YALCIN, Haluk resigned
    secretary
  8. 2025-01-17
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  9. 2025-01-04
    ➕
    YALCIN, Haluk appointed
    secretary
  10. 2024-03-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-11-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2023-11-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2023-11-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2023-11-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2023-11-30
    🔓
    Charge satisfied #3
  16. 2023-11-30
    🔓
    Charge satisfied #2
  17. 2023-11-27
    🔒
    Charge registered #5
    Lender: Together Commercial Finance Limited
  18. 2023-11-27
    🔒
    Charge registered #4
    Lender: Together Commercial Finance Limited
  19. 2023-07-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  20. 2023-07-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2023-07-19
    🔒
    Charge registered #3
    Lender: Together Commercial Finance Limited
  22. 2023-07-19
    🔒
    Charge registered #2
    Lender: Together Commercial Finance Limited
  23. 2023-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2022-05-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2022-05-04
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  26. 2022-04-26
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  27. 2021-05-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  28. 2021-01-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  29. 2020-12-17
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  30. 2014-04-10
    ➖
    ASLAN, Alper resigned
    director
  31. 2012-06-27
    ➕
    ASLAN, Alper appointed
    director
  32. 2010-03-29
    ➖
    YIGIT, Zafer Mehmet resigned
    director
  33. 2010-03-25
    ➖
    AHMET, Celik resigned
    secretary
  34. 2008-11-11
    ➕
    YIGIT, Zafer Mehmet appointed
    director
  35. 2007-05-01
    🏢
    Company incorporated
    As LOTUS DIAMOND LIMITED
  36. 2007-05-01
    ➕
    YALCIN, Haluk appointed
    director
  37. 2007-05-01
    ➕
    AHMET, Celik appointed
    secretary

Owner dependency

93/100
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.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

63/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 19 years.

Red flags

1 high · 1 med ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-02-28

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Haluk Yalcin
Individual · Dutch · DOB 06/1966 · age 60
75–100%
—75-100% shares01/05/2017

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 →

Similar companies

Active · Manufacturing · G postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
KINNOCH CLOTHING LIMITED→
SC724777 · est 2022 · no financials extracted
————4y——
LINAKTIC LIMITED→
SC774578 · est 2023 · no financials extracted
————2y——
LLOYDS CAPITAL LTD→
SC606761 · est 2018 · no financials extracted
————7y——
LMB ENTERPRISES LIMITED→
SC488813 · est 2014 · no financials extracted
————11y——
LOGO PRINTED BLINDS LTD→
SC383555 · est 2010 · no financials extracted
————15y——
MACKAY & INGLIS LIMITED→
SC060615 · est 1976 · no financials extracted
————49y——
MACNEIL TRAINING AND DEVELOPMENTS LIMITED→
SC111718 · est 1988 · no financials extracted
————37y——
MAGNO-FLO LIMITED→
SC144848 · est 1993 · no financials extracted
————32y——
MALIN FABRICATION LTD→
SC494343 · est 2015 · no financials extracted
————11y——
MARINE ELECTRICAL INSTALLATIONS LIMITED→
SC226588 · est 2001 · no financials extracted
————24y——
MARLBOROUGH GRANITE LIMITED→
SC387965 · est 2010 · no financials extracted
————15y——
MARPET FABRICATIONS (1997) LTD.→
SC172812 · est 1997 · no financials extracted
————29y——
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

10 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
Incorporated2007-05-01
Jurisdictionscotland
Primary SIC32120 — SIC 32120

Registered office

192 Dukes Road
Burnside
Glasgow
G73 5AA

Filing status

Accounts
Next due: 2026-02-28OVERDUE
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-05-15
Last: 2025-05-01

Officers (2 active · 4 resigned)

SAGLAM, Haluk→
secretary · appointed 2025-01-18
View their other companies + combined net worth →
Active
YALCIN, Haluk→
director · ~60y · appointed 2007-05-01
View their other companies + combined net worth →
Active
AHMET, Celik→
secretary · appointed 2007-05-01 · resigned 2010-03-25
Resigned
YALCIN, Haluk→
secretary · appointed 2025-01-04 · resigned 2025-01-18
Resigned
ASLAN, Alper→
director · ~51y · appointed 2012-06-27 · resigned 2014-04-10
Resigned
YIGIT, Zafer Mehmet→
director · ~49y · appointed 2008-11-11 · resigned 2010-03-29
Resigned

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

Mortgages & charges

5
Total charges
3
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property27/11/2023—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property27/11/2023—
satisfied
Together Money
Together Commercial Finance Limited
A registered charge1 property19/07/202330/11/2023
satisfied
Together Money
Together Commercial Finance Limited
A registered charge1 property19/07/202330/11/2023
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property17/12/2020—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (71 total)

gazette-notice-compulsory
gazette · GAZ1
2026-04-28
change-person-director-company-with-change-date
officers · CH01
2025-05-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-09
appoint-person-secretary-company-with-name-date
officers · AP03
2025-01-24
termination-secretary-company-with-name-termination-date
officers · TM02
2025-01-24
appoint-person-secretary-company-with-name-date
officers · AP03
2025-01-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-01
mortgage-satisfy-charge-full
mortgage · MR04
2023-11-30
mortgage-satisfy-charge-full
mortgage · MR04
2023-11-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-24