AM LETTINGS LTD

💤Zombieactive
SC385903 · ltd · incorporated 2010-09-24
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No material changes in the last 90 days.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£51.4k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Management of real estate on a fee or contract basis
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 64-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 64). 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

2 live charges · oldest 10.0y

45/100
under pressure

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

  • · Oldest live charge is 10.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
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 · FRS 105 (micro)
Positive net assets
Net assets £51,406

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£51k
↑ 15% YoY
Current Assets
£27k
↑ 30% YoY
Current Liabilities
—
£0£10k£21k£31k£41k£51kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-11-302023-11-30
Total assets£92.7k£89.7k
Current assets£26.8k£20.6k
Net assets£51.4k£44.8k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-08-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2024-08-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-12-11
    📄
    memorandum-articles
    incorporation · MA
  5. 2023-12-11
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2023-12-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2023-12-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2023-12-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2023-11-30
    ➖
    FORSTER, Craig Mercer resigned
    director
  10. 2023-11-30
    ➖
    MCINTYRE, Johnson resigned
    director
  11. 2023-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2022-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2021-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2020-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2019-08-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2018-09-25
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2018-08-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2017-11-06
    📄
    capital-allotment-shares
    capital · SH01
  19. 2016-08-12
    🔒
    Charge registered #2
    Lender: Bank of Scotland PLC
  20. 2016-07-26
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  21. 2010-09-24
    🏢
    Company incorporated
    As AM LETTINGS LTD
  22. 2010-09-24
    ➕
    BARR, Jacqueline Michele appointed
    director
  23. 2010-09-24
    ➕
    FORSTER, Craig Mercer appointed
    director
  24. 2010-09-24
    ➕
    MABBOTT, Stephen George appointed
    director
  25. 2010-09-24
    ➖
    MABBOTT, Stephen George resigned
    director
  26. 2010-09-24
    ➕
    MCINTYRE, Johnson appointed
    director

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 16 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

88/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 16 years.
  • secondaryStable-but-static management: Company is 16 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mrs Jacqueline Barr
Individual · British · DOB 02/1962 · age 64
25–50%
—25-50% shares06/04/2016
1 historic (ceased) PSC
  • Allan Mcdougallceased 31/10/2017· 25-50% 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 →

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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
Incorporated2010-09-24
Jurisdictionscotland
Primary SIC68320 — Management of real estate on a fee or contract basis

Registered office

11 South Street
Dalkeith
EH22 1AH
Scotland

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-10-08
Last: 2025-09-24

Officers (1 active · 3 resigned)

BARR, Jacqueline Michele→
director · ~64y · appointed 2010-09-24
View their other companies + combined net worth →
Active
FORSTER, Craig Mercer→
director · ~54y · appointed 2010-09-24 · resigned 2023-11-30
Resigned
MABBOTT, Stephen George→
director · ~76y · appointed 2010-09-24 · resigned 2010-09-24
Resigned
MCINTYRE, Johnson→
director · ~59y · appointed 2010-09-24 · resigned 2023-11-30
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property12/08/2016—
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—26/07/2016—
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
2025-09-25
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-25
change-person-director-company-with-change-date
officers · CH01
2024-09-25
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-30
memorandum-articles
incorporation · MA
2023-12-11
resolution
resolution · RESOLUTIONS
2023-12-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-09
termination-director-company-with-name-termination-date
officers · TM01
2023-12-09
termination-director-company-with-name-termination-date
officers · TM01
2023-12-09
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-27
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-07