WESTPOD LIMITED

💤Zombieactive
SC357950 · ltd · incorporated 2009-04-08
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 Dec 2024
Net worth
£182.2k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Other holiday and other collective accommodation
Sector: Accommodation & food service
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (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 (58/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 9.1y

30/100
under pressure

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

  • · Oldest live charge is 9.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · 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
4 charges (4/4 with lender, 4/4 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
49 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 declared
Positive net assets
Net assets £182,159
Cash YoY
-18%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£37k
↓ 18% YoY
Net Worth
£182k
↑ 7.6% YoY
Current Assets
£39k
↓ 25% YoY
Current Liabilities
—
£0£36k£73k£109k£146k£182kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£502.8k£388.7k
Current assets£38.9k£52.1k
Cash£36.7k£44.7k
Debtors£2.3k£7.4k
Net assets£182.2k£169.3k

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
2
filings
  • • 1 persons-with-significant-control
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 persons-with-significant-control
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-04-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2025-06-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-02-23
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  6. 2022-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-04-20
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  8. 2022-04-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2022-04-07
    🔓
    Charge satisfied #1
  10. 2022-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-01-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2019-06-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2019-06-25
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  15. 2019-03-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2019-03-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2019-03-26
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  18. 2019-03-26
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  19. 2019-01-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2018-06-27
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  21. 2018-06-26
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  22. 2017-05-15
    🔒
    Charge registered #1
    Lender: David Rae Craig
  23. 2009-05-15
    ➖
    MILLIGAN, Jim resigned
    director
  24. 2009-04-08
    🏢
    Company incorporated
    As WESTPOD LIMITED
  25. 2009-04-08
    ➕
    MEEKIN, Nicola appointed
    secretary
  26. 2009-04-08
    ➕
    MEEKIN, Nicola appointed
    director
  27. 2009-04-08
    ➕
    MILLIGAN, Jim appointed
    director

Owner dependency

85/100
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 17 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
Strong succession signal

Multiple 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 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

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 James Milligan
Individual · British · DOB 05/1973 · age 53
25–50%
—25-50% shares06/04/2016
Miss Nicola Meekin
Individual · British · DOB 07/1976 · age 50
25–50%
—25-50% shares06/04/2016

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
Incorporated2009-04-08
Jurisdictionscotland
Primary SIC55209 — Other holiday and other collective accommodation

Registered office

2 Iola Cottages
Inverfolla
Appin
Argyll
PA38 4BA

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-22
Last: 2026-04-08

Officers (2 active · 1 resigned)

MEEKIN, Nicola→
secretary · appointed 2009-04-08
View their other companies + combined net worth →
Active
MEEKIN, Nicola→
director · ~50y · appointed 2009-04-08
View their other companies + combined net worth →
Active
MILLIGAN, Jim→
director · ~53y · appointed 2009-04-08 · resigned 2009-05-15
Resigned

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

Mortgages & charges

4
Total charges
3
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property25/06/2019—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—26/03/2019—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—26/03/2019—
satisfied
David Rae Craig
A registered charge1 property15/05/201707/04/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (49 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-15
confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-24
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2023-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-30
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-04-20
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-13
mortgage-satisfy-charge-full
mortgage · MR04
2022-04-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-31
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-05