KORLET DUNDEE LIMITED
💤Zombieactive
SC353857 · ltd · incorporated 2009-01-22
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 Jun 2025
Net worth
£-793
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 76). 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 (78/100)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
Confirmed no charges registered
85
Directors & officers
6 officers (2 active, 6 linked, 2 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
66 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £793
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
-£793
~ 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 | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Total assets | £-793 | £-793 |
| Debtors | £16.2k | £16.2k |
| Net assets | £-793 | £-793 |
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
2
filings
- • 1 gazette
- • 1 dissolution
Last 90 days
3
filings
- • 1 gazette
- • 1 dissolution
- • 1 accounts
Last 180 days
4
filings
- • 1 gazette
- • 1 dissolution
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
- 2026-05-05📄gazette-notice-voluntarygazette · GAZ1(A)
- 2026-04-25📄dissolution-application-strike-off-companydissolution · DS01
- 2026-03-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-24📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2021-01-24📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-01-20➕RICHMOND, Karen Koramshai appointedsecretary
- 2020-11-12📄change-person-director-company-with-change-dateofficers · CH01
- 2020-11-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-07-15➖KORAMSHAI, Lesley Winifred resignedsecretary
- 2020-03-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-03-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-01-23📄change-person-director-company-with-change-dateofficers · CH01
- 2019-01-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-09-26📄change-person-director-company-with-change-dateofficers · CH01
- 2012-04-23➖CURRAN, Nicola Jade resignedsecretary
- 2012-04-23➕KORAMSHAI, Lesley Winifred appointedsecretary
- 2010-05-07➕CURRAN, Nicola Jade appointedsecretary
- 2010-04-29➖WATSON, Alastair James resignedsecretary
- 2010-04-29➖WATSON, Alastair James resigneddirector
- 2009-01-22🏢Company incorporatedAs KORLET DUNDEE LIMITED
- 2009-01-22➕KORAMSHAI, Jam appointeddirector
- 2009-01-22➕WATSON, Alastair James appointedsecretary
- 2009-01-22➕WATSON, Alastair James appointeddirector
Owner dependency
100/100
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 17 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 76 — succession pressure is live.
Succession & seller-readiness
98/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 76 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 17 years.
- secondaryStable-but-static management: Company is 17 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.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Jam Koramshai Individual · British · DOB 08/1950 · age 76 | — | 75–100% | 75-100% voting | 06/04/2016 |
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.
See pricing →Similar companies
Active · Other · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| GLENWOOD SALES L.P.→ SL022274 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| GREGOR COLQUHOUN LIMITED→ SC433392 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| HENDERSON LOGGIE LLP→ SO301630 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| KENTMILE INVEST L.P.→ SL019919 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| KIRKGAIT ENTERPRISES LTD→ SC343349 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| KIRRIEMUIR DISTRICT AGRICULTURAL ASSOCIATION→ SC138938 · est 1992 · no financials extracted | — | — | — | — | 33y | — | — |
| KORPP LTD.→ SC269794 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| KRISTALL WEST LP→ SL035079 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| KWINDER INTERNATIONAL LP→ SL030407 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| KWS PROPERTY LTD→ SC635644 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| LAGREX HOLDING LP→ SL030258 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| LAKEMONT SALES L.P.→ SL023002 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
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
Incorporated2009-01-22
Jurisdictionscotland
Primary SIC99999 — SIC 99999
Registered office
3 Maryfield Road
Broughty Ferry
Dundee
DD5 2JJ
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-02-04
Last: 2026-01-21
Officers (2 active · 4 resigned)
RICHMOND, Karen Koramshai→
Activesecretary · appointed 2021-01-20
View their other companies + combined net worth →
KORAMSHAI, Jam→
Activedirector · ~76y · appointed 2009-01-22
View their other companies + combined net worth →
CURRAN, Nicola Jade→
Resignedsecretary · appointed 2010-05-07 · resigned 2012-04-23
KORAMSHAI, Lesley Winifred→
Resignedsecretary · appointed 2012-04-23 · resigned 2020-07-15
WATSON, Alastair James→
Resignedsecretary · appointed 2009-01-22 · resigned 2010-04-29
WATSON, Alastair James→
Resigneddirector · ~64y · appointed 2009-01-22 · resigned 2010-04-29
Click a director name to see their full track record across all companies.
Recent filings (66 total)
gazette-notice-voluntary
gazette · GAZ1(A)
2026-05-05
dissolution-application-strike-off-company
dissolution · DS01
2026-04-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-25
appoint-person-secretary-company-with-name-date
officers · AP03
2021-01-24