KELMOR LTD.
💤Zombieactive
SC433022 · ltd · incorporated 2012-09-20
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
£-6.4k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 75/100 (strong), bankability 80/100. 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: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
1 live charge · oldest 13.5y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 13.5 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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 5 with DOB)
87
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
42 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
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 declaredNegative net assets
Liabilities exceed assets by £6,371
Net assets shrinking
Down £6,471 YoY
Cash YoY
+4804%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£5k
↑ 4804% YoY
Net Worth
-£6k
↓ 6471% 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 | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £-6.1k | £100 |
| Cash | £4.9k | £100 |
| Net assets | £-6.4k | £100 |
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
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2025-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-13📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-12-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-01📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-12-01📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-12-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-12-01📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-11-09➕MCKELVEY, Kirsten Eileen Stirling, Dr appointeddirector
- 2023-11-09➖MCKELVEY, Elizabeth Anne Grant resigneddirector
- 2023-11-09➖MCKELVEY, William Alexander Campbell, Professor resigneddirector
- 2023-11-02📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-09-13📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-09-20📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-08-17📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-11-06📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-11-21📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-11-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2012-11-23🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2012-09-20🏢Company incorporatedAs KELMOR LTD.
- 2012-09-20➕TRAINER, Peter appointedsecretary
- 2012-09-20➖TRAINER, Peter resignedsecretary
- 2012-09-20➕MCINTOSH, Susan appointeddirector
- 2012-09-20➖MCINTOSH, Susan resigneddirector
- 2012-09-20➕MCKELVEY, Elizabeth Anne Grant appointeddirector
- 2012-09-20➕MCKELVEY, William Alexander Campbell, Professor appointeddirector
- 2012-09-20➕TRAINER, Peter appointeddirector
- 2012-09-20➖TRAINER, Peter 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
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
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 |
|---|---|---|---|---|
Dr Kirsten Eileen Stirling Mckelvey Individual · Scottish · DOB 10/1989 · age 37 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 09/11/2023 |
2 historic (ceased) PSCs
- Professor William Alexander Campbell Mckelveyceased 09/11/2023· 25-50% shares · 25-50% voting · significant influence
- Mrs Elizabeth Anne Grant Mckelveyceased 09/11/2023· 25-50% shares · 25-50% voting · significant influence
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 · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| MALZER PROPERTIES LTD→ SC811163 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| MARK GP (SCOTLAND) LIMITED→ SC333120 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| MASTER TOUCHES LTD→ SC725250 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| MAURICE NOBLE ESTATES LIMITED→ SC439431 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| MCDURAN LIMITED→ SC548887 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| MCEWAN FRASER (UK) LIMITED→ SC257925 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| MCNEISH PROPERTIES LIMITED→ SC626235 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| MCTAGGART PROPERTIES LIMITED→ SC499943 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| MCW PROPERTY GROUP LTD→ SC779237 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| MIDLOTHIAN DEVELOPMENTS LTD→ SC574492 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| MIDLOTHIAN PROPERTIES LTD→ SC841484 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| MIDLOTHIAN PROPERTY COMPANY LIMITED→ SC645452 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
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
Incorporated2012-09-20
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
5 The Bridges
Peebles
EH45 8BP
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-04
Last: 2025-09-20
Officers (1 active · 5 resigned)
MCKELVEY, Kirsten Eileen Stirling, Dr→
Activedirector · ~37y · appointed 2023-11-09
View their other companies + combined net worth →
TRAINER, Peter→
Resignedsecretary · appointed 2012-09-20 · resigned 2012-09-20
MCINTOSH, Susan→
Resigneddirector · ~56y · appointed 2012-09-20 · resigned 2012-09-20
MCKELVEY, Elizabeth Anne Grant→
Resigneddirector · ~70y · appointed 2012-09-20 · resigned 2023-11-09
MCKELVEY, William Alexander Campbell, Professor→
Resigneddirector · ~73y · appointed 2012-09-20 · resigned 2023-11-09
TRAINER, Peter→
Resigneddirector · ~74y · appointed 2012-09-20 · resigned 2012-09-20
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Floating charge | 1 property | 23/11/2012 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (42 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-23
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-13
termination-director-company-with-name-termination-date
officers · TM01
2023-12-01
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-12-01
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-12-01
termination-director-company-with-name-termination-date
officers · TM01
2023-12-01
appoint-person-director-company-with-name-date
officers · AP01
2023-12-01
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-12-01
accounts-with-accounts-type-dormant
accounts · AA
2023-11-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-20
accounts-with-accounts-type-dormant
accounts · AA
2022-09-13