ANDSTRAT (NO. 363) LIMITED

💤Zombieactive
SC407888 · ltd · incorporated 2011-09-21
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
£1.12M
book net assets
Opportunity
78/100
Strong
🔔
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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
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 78/100 (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 (73/100).

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
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 1 with DOB)
80
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
43 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
78/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
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 declared
Positive net assets
Net assets £1,118,678

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£1.1m
~ YoY
Current Assets
Current Liabilities
£0£224k£447k£671k£895k£1.1mDec 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£1.12M£1.12M
Net assets£1.12M£1.12M

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
4
filings
  • 2 gazette
  • 1 address
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-12-13
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2025-12-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-12-09
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2025-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-12-17
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2024-12-10
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2024-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-12-19
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  9. 2023-12-12
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  10. 2023-09-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-09-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2021-12-08
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  13. 2021-12-07
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  14. 2021-09-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2021-06-30
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  16. 2021-06-29
    AS COMPANY SERVICES LIMITED resigned
    corporate-secretary
  17. 2020-12-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2019-09-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2018-10-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  20. 2011-09-21
    🏢
    Company incorporated
    As ANDSTRAT (NO. 363) LIMITED
  21. 2011-09-21
    SHAND, Ian Mckenzie appointed
    director
  22. 2011-09-21
    AS COMPANY SERVICES LIMITED appointed
    corporate-secretary

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

68/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 15 years.
  • 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

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Donald George Shand
Individual · British · DOB 01/1965 · age 61
2550%
25–50%25-50% shares · 25-50% voting06/04/2016
Fraser Mcnaughton Shand
Individual · British · DOB 09/1972 · age 54
2550%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Ian Mckenzie Shand
Individual · British · DOB 01/1967 · age 59
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.

🔒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
Incorporated2011-09-21
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

58 Morrison Street
Edinburgh
EH3 8BP
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-05
Last: 2025-09-21

Officers (1 active · 1 resigned)

SHAND, Ian Mckenzie
director · ~59y · appointed 2011-09-21
View their other companies + combined net worth →
Active
AS COMPANY SERVICES LIMITED
corporate-secretary · appointed 2011-09-21 · resigned 2021-06-29
Resigned

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

Recent filings (43 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2025-12-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-10
gazette-notice-compulsory
gazette · GAZ1
2025-12-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-28
gazette-filings-brought-up-to-date
gazette · DISS40
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-15
gazette-notice-compulsory
gazette · GAZ1
2024-12-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-27
gazette-filings-brought-up-to-date
gazette · DISS40
2023-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-17
gazette-notice-compulsory
gazette · GAZ1
2023-12-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-27
accounts-with-accounts-type-dormant
accounts · AA
2022-09-21