LOCHNAGAR INVESTMENTS LTD
💤Zombieactive
SC423341 · ltd · incorporated 2012-05-03
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 Mar 2025
Net worth
£600.7k
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 71/100 (strong), bankability 65/100. 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
8 live charges · 2 lenders · oldest 7.4y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 7.4 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · 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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
53 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
71/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £600,716
Cash YoY
+107%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£30k
↑ 107% YoY
Net Worth
£601k
~ YoY
Current Assets
£567k
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £1.30M | — |
| Current assets | £566.6k | — |
| Cash | £30.0k | £14.5k |
| Debtors | £206.5k | — |
| Net assets | £600.7k | £596.5k |
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
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
- 2025-09-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-07-30🔒Charge registered #8Lender: Aldermore Bank PLC
- 2024-07-30🔒Charge registered #7Lender: Aldermore Bank PLC
- 2023-12-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-04🔒Charge registered #6Lender: Aldermore Bank PLC
- 2023-07-04🔒Charge registered #5Lender: Aldermore Bank PLC
- 2022-08-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-06-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-28📄capital-allotment-sharescapital · SH01
- 2022-02-28✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2022-02-21📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-12-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-08-18📄change-person-director-company-with-change-dateofficers · CH01
- 2021-08-18📄change-person-director-company-with-change-dateofficers · CH01
- 2021-08-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-09-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-09-30📄change-person-director-company-with-change-dateofficers · CH01
- 2019-10-14🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 2018-12-07🔒Charge registered #3Lender: Aldermore Bank PLC
- 2018-12-07🔒Charge registered #2Lender: Aldermore Bank PLC
- 2018-12-06🔒Charge registered #1Lender: Aldermore Bank PLC
- 2012-05-03🏢Company incorporatedAs LOCHNAGAR INVESTMENTS LTD
- 2012-05-03➕ETTERSHANK, Christopher Paul appointeddirector
- 2012-05-03➕HOGG, Raymond Stewart appointeddirector
- 2012-05-03➖HOGG, Raymond Stewart resigneddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
58/100
Strong succession signalMultiple 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 14 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 low8 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Christopher Ettershank Individual · British · DOB 12/1989 · age 37 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 01/07/2016 |
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 · Property · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| KJN PROPERTYS LTD→ SC607909 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| KLPG PROPERTIES LTD→ SC793176 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| KOP ESTATES LIMITED→ SC859785 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| KRATOS INVESTMENTS (UK) LIMITED→ SC539392 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| KYDD PROPERTIES LIMITED→ SC776470 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| L.T.D. PROPERTIES LTD→ SC638974 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| LADBROOK PROPERTY INVESTMENTS LIMITED→ SC692464 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| LGC PROPERTY INVESTMENTS LTD→ SC749541 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| LJR ENTERPRISES LTD→ SC803103 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| LL INVESTMENTS AND DEVELOPMENTS LTD→ SC811086 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| LOCHEND LEASE LIMITED→ SC345045 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| LOW HOLDINGS (SCOTLAND) LIMITED→ SC412906 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2012-05-03
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
32 Abbot Street
Arbroath
DD11 1HH
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-07
Last: 2026-02-21
Officers (1 active · 1 resigned)
ETTERSHANK, Christopher Paul→
Activedirector · ~37y · appointed 2012-05-03
View their other companies + combined net worth →
HOGG, Raymond Stewart→
Resigneddirector · ~63y · appointed 2012-05-03 · resigned 2012-05-03
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
8
Outstanding
2
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 30/07/2024 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 30/07/2024 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 2 properties | 04/07/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 2 properties | 04/07/2023 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 14/10/2019 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 2 properties | 07/12/2018 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 2 properties | 07/12/2018 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | — | 06/12/2018 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (53 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-02
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-05
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-08-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-20
capital-allotment-shares
capital · SH01
2022-02-28
certificate-change-of-name-company
change-of-name · CERTNM
2022-02-28