CAIRN SERVICES (PROPERTIES) LIMITED

💤Zombieactive

SC444146 · ltd · incorporated 2013-03-04

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

£428.3k

book net assets

Opportunity

69/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Other letting and operating of own or leased real estate

Sector: Real estate

Investor take

Pursue

Property-backed borrower. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (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

9 live charges · 2 lenders · oldest 10.1y

30/100

under pressure

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

· Oldest live charge is 10.1 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

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

Lenders & charges

9 charges (9/9 with lender, 9/9 with type)

Directors & officers

4 officers (2 active, 4 linked, 3 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

48 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

69/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

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 £428,279

Cash YoY

+54%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£37k

↑ 54% YoY

Net Worth

£428k

↑ 3.1% YoY

Current Assets

£52k

↑ 71% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£695.8k	£705.9k
Current assets	£52.1k	£30.4k
Cash	£37.5k	£24.3k
Debtors	£14.7k	£6.1k
Net assets	£428.3k	£415.3k

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

filing

• 1 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (37 events)Click to expand

2025-06-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-24
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-23
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-23
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-23
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-22
🔒
Charge registered #9
Lender: Handelsbanken PLC
2023-02-15
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-02-15
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-02-15
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-02-15
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-02-15
🔓
Charge satisfied #4
2023-02-15
🔓
Charge satisfied #3
2023-02-15
🔓
Charge satisfied #2
2023-02-15
🔓
Charge satisfied #1
2023-02-13
🔒
Charge registered #8
Lender: Handelsbanken PLC
2023-02-13
🔒
Charge registered #7
Lender: Handelsbanken PLC
2023-02-13
🔒
Charge registered #6
Lender: Handelsbanken PLC
2023-02-10
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-08
🔒
Charge registered #5
Lender: Handelsbanken PLC
2022-12-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-02
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2019-12-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-01-26
🔒
Charge registered #4
Lender: Tsb Bank PLC
2016-06-03
🔒
Charge registered #3
Lender: Tsb Bank PLC
2016-03-10
🔒
Charge registered #2
Lender: Tsb Bank PLC
2016-03-10
🔒
Charge registered #1
Lender: Tsb Bank PLC
2013-03-04
🏢
Company incorporated
As CAIRN SERVICES (PROPERTIES) LIMITED
2013-03-04
➕
INFINITY SECRETARIES LIMITED appointed
corporate-secretary
2013-03-04
➕
FARQUHAR, Michael appointed
director
2013-03-04
➕
COWIE, Simon Henry Dyer appointed
director
2013-03-04
➖
COWIE, Simon Henry Dyer resigned
director
2013-03-04
➕
FARQUHAR, Michael appointed
director
2013-03-04
➖
FARQUHAR, Michael resigned
director

Owner dependency

75/100

High — earn-out structure required

Material 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 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 13 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med · 1 low

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

5 live charges

low

Heavily 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
Michael Farquhar Individual · British · DOB 12/1981 · age 45	75–100%	—	75-100% shares	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Property · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BLUELIONS HOLDINGS LTD→ SC721724 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
BMA PROPERTIES (SCOTLAND) LTD→ SC647000 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
BROCH PROPERTIES LTD→ SC773078 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
BROLLACHAN INVESTMENTS LTD→ SC819017 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
BRUCE BROTHERS PROPERTIES LIMITED→ SC763688 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
BYDIN PROPERTIES LIMITED→ SC646861 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
C&D PROPERTIES (NE) LTD→ SC869670 · est 2025 · no financials extracted	—	—	—	—	—	—	—
CALIRO LIMITED→ SC666495 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
CALM BALANCE LTD→ SC644460 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
CAMPBELL FRASER PROPERTIES LIMITED→ SC843423 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
CARLOS PROPERTIES LIMITED→ SC257412 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
CARNOUSIE STEADING LIMITED→ SC464445 · est 2013 · no financials extracted	—	—	—	—	12y	—	—

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

Incorporated2013-03-04

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

5 Carden Place

Aberdeen

AB10 1UT

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-03-18

Last: 2026-03-04

Officers (2 active · 2 resigned)

INFINITY SECRETARIES LIMITED→

corporate-secretary · appointed 2013-03-04

View their other companies + combined net worth →

Active

FARQUHAR, Michael→

director · ~45y · appointed 2013-03-04

View their other companies + combined net worth →

Active

COWIE, Simon Henry Dyer→

director · ~53y · appointed 2013-03-04 · resigned 2013-03-04

Resigned

FARQUHAR, Michael→

director · ~43y · appointed 2013-03-04 · resigned 2013-03-04

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:9 of 9 shown

		Type	Properties
outstanding	Handelsbanken Handelsbanken PLC	A registered charge	1 property	22/02/2023	—
outstanding	Handelsbanken Handelsbanken PLC	A registered charge	1 property	13/02/2023	—
outstanding	Handelsbanken Handelsbanken PLC	A registered charge	1 property	13/02/2023	—
outstanding	Handelsbanken Handelsbanken PLC	A registered charge	1 property	13/02/2023	—
outstanding	Handelsbanken Handelsbanken PLC	A registered charge	—	08/02/2023	—
satisfied	Lloyds Banking Group Tsb Bank PLC	A registered charge	1 property	26/01/2017	15/02/2023
satisfied	Lloyds Banking Group Tsb Bank PLC	A registered charge	—	03/06/2016	15/02/2023
satisfied	Lloyds Banking Group Tsb Bank PLC	A registered charge	1 property	10/03/2016	15/02/2023
satisfied	Lloyds Banking Group Tsb Bank PLC	A registered charge	1 property	10/03/2016	15/02/2023

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (48 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-03-27

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-06-06

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-03-04

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-07-23

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-03-04

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-09-29

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-03-06

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-02-24

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-02-23

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-02-23

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-02-23

mortgage-satisfy-charge-full

mortgage · MR04

2023-02-15

mortgage-satisfy-charge-full

mortgage · MR04

2023-02-15

mortgage-satisfy-charge-full

mortgage · MR04

2023-02-15

mortgage-satisfy-charge-full

mortgage · MR04

2023-02-15