KINELLAN BUILDING LTD

💤Zombieactive
SC331246 · ltd · incorporated 2007-09-20
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
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Turnover
year to Sept 2024
Net worth
£59.5k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 72-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 72). 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).

🏦

Refinance opportunity

1 live charge · oldest 11.4y

45/100
under pressure

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

  • · Oldest live charge is 11.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red 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 £59,450

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£59k
↑ 665% YoY
Current Assets
£260k
↓ 2.4% YoY
Current Liabilities
£0£53k£107k£160k£213k£267kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30
Total assets£63.0k£43.2k
Current assets£260.4k£266.7k
Cash£15.8k
Debtors£196.1k£197.5k
Net assets£59.5k£7.8k

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-03-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-05-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-08-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-05-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-05-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-06-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2017-08-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2017-07-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-06-20
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-11-03
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-06-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-12-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2014-12-19
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  17. 2008-08-12
    THAIN, Murray Smith resigned
    director
  18. 2007-09-20
    🏢
    Company incorporated
    As KINELLAN BUILDING LTD
  19. 2007-09-20
    STUART, Rona Mary appointed
    secretary
  20. 2007-09-20
    STUART, Charles Graham appointed
    director
  21. 2007-09-20
    THAIN, Murray Smith appointed
    director

Owner dependency

100/100
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.
  • +Founder age: Director aged approximately 72 — succession pressure is live.

Succession & seller-readiness

98/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
  • 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

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Charles Graham Stuart
Individual · British · DOB 03/1954 · age 72
5075%
50–75%50-75% shares · 50-75% voting06/04/2016
Mrs Rona Mary Stuart
Individual · British · DOB 06/1957 · age 69
2550%
25–50%25-50% shares · 25-50% voting06/04/2016

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

8 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
Incorporated2007-09-20
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Robertson House
Shore Street
Inverness
IV1 1NF

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-10-04
Last: 2025-09-20

Officers (2 active · 1 resigned)

STUART, Rona Mary
secretary · appointed 2007-09-20
View their other companies + combined net worth →
Active
STUART, Charles Graham
director · ~72y · appointed 2007-09-20
View their other companies + combined net worth →
Active
THAIN, Murray Smith
director · ~76y · appointed 2007-09-20 · resigned 2008-08-12
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge19/12/2014
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (46 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-05-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-11-19