NERO COMMERCIAL LTD
💤Zombieactive
SC327575 · ltd · incorporated 2007-07-11
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 Aug 2024
Net worth
£-209.5k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (68/100, director aged 40). 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: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
2 live charges · oldest 18.5y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 18.5 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
62 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
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
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £209,549
Cash YoY
+1044%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£2k
↑ 1044% YoY
Net Worth
-£210k
↑ 2.6% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Total assets | £-209.5k | £-215.2k |
| Cash | £2.1k | £186 |
| Net assets | £-209.5k | £-215.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals 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
0
filings
Last 180 days
2
filings
- • 2 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2026-01-08📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2026-01-08📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-05-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-13📄change-person-director-company-with-change-dateofficers · CH01
- 2024-02-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-13🔓Charge satisfied #2
- 2024-02-13🔓Charge satisfied #1
- 2023-06-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-28📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-03-27📄change-person-director-company-with-change-dateofficers · CH01
- 2023-03-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-08-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-07📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-06-11📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-05-16📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-12-06📄resolutionresolution · RESOLUTIONS
- 2015-09-01➖KHANNA, Vijay resignedsecretary
- 2013-08-01➖KHANNA, Arun Kumar resigneddirector
- 2008-01-21🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 2007-12-03🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 2007-07-11🏢Company incorporatedAs NERO COMMERCIAL LTD
- 2007-07-11➕KHANNA, Manish appointeddirector
- 2007-07-11➕KHANNA, Vijay appointedsecretary
- 2007-07-11➕BRIAN REID LTD. appointedcorporate-secretary
- 2007-07-11➖BRIAN REID LTD. resignedcorporate-secretary
- 2007-07-11➕KHANNA, Arun Kumar appointeddirector
- 2007-07-11➕STEPHEN MABBOTT LTD. appointedcorporate-director
- 2007-07-11➖STEPHEN MABBOTT LTD. resignedcorporate-director
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 19 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
68/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 19 years.
- secondaryStable-but-static management: Company is 19 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.)
Group structure
Nero Property Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Nero Property Holdings Ltd
Corporate parent · holds 75-100% shares · board control
⬇
NERO COMMERCIAL LTD
This company · SC327575
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Nero Property Holdings Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 14/11/2025 |
1 historic (ceased) PSC
- Mr Manish Khannaceased 14/11/2025· 75-100% 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 |
|---|---|---|---|---|---|---|---|
| PANTA PROPERTY SOLUTIONS LTD→ SC868620 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PARC PROPERTIES (SCOTLAND) LTD→ SC813815 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| PARIS HANEESH ESTATE LTD→ SC692777 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| PARK SERVICES (SCOTLAND) LIMITED→ SC515138 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| PATRIX0186 LTD→ SC878282 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| PEACH PROPERTIES SCOTLAND LIMITED→ SC745111 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| PEDMYRE PROPERTIES LIMITED→ SC414487 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| PEEBLES PROPERTY GROUP LIMITED→ SC791414 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| PEG HOMES LTD→ SC709683 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| PEG PROPERTY (SCOT) LIMITED→ SC863848 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PEH PROPERTIES LIMITED→ SC577202 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| PEI XIN 88 LIMITED→ SC862334 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2007-07-11
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Radleigh House 1 Golf Road
Clarkston
Glasgow
G76 7HU
Scotland
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-07-21
Last: 2025-07-07
Officers (1 active · 4 resigned)
KHANNA, Manish→
Activedirector · ~40y · appointed 2007-07-11
View their other companies + combined net worth →
KHANNA, Vijay→
Resignedsecretary · appointed 2007-07-11 · resigned 2015-09-01
BRIAN REID LTD.→
Resignedcorporate-secretary · appointed 2007-07-11 · resigned 2007-07-11
KHANNA, Arun Kumar→
Resigneddirector · ~78y · appointed 2007-07-11 · resigned 2013-08-01
STEPHEN MABBOTT LTD.→
Resignedcorporate-director · appointed 2007-07-11 · resigned 2007-07-11
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 21/01/2008 | 13/02/2024 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 03/12/2007 | 13/02/2024 |
Recent filings (62 total)
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-01-08
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-08
change-person-director-company-with-change-date
officers · CH01
2024-02-13
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-13
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-03-28
change-person-director-company-with-change-date
officers · CH01
2023-03-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-03-27