FANNAN PROPERTIES LTD

💤Zombieactive
SC449147 · ltd · incorporated 2013-05-02
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 closing · high confidence
Getting harder to buy cheaply — 3 signals strengthening over the last 30 days.
  • · Hygiene score: 70 → 90
  • · Opportunity score: 71 → 79
  • · Bankability: 60 → 70
Opportunity decay
hardening · 6-months
Hardening — profile is tightening. If you want to act, do it before the window closes further.
  • · 3 recent signals strengthening vs 0 weakening
What changed my view
Last 30 days

Picture improved over the last 30 days — 3 positive signals vs 0 negative.

  • ↑Opportunity score: 71 → 79
  • ↑Hygiene score: 70 → 90
  • ↑Bankability: 60 → 70
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

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

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-24.8k
book net assets
Opportunity
79/100
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
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 79/100 (strong), bankability 70/100. Strong seller-intent signal (68/100, director aged 81). 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

4 live charges · oldest 12.2y

45/100
under pressure

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

  • · Oldest live charge is 12.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · 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
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
43 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £24,793

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£25k
↓ 86% YoY
Current Assets
£3k
↓ 63% YoY
Current Liabilities
—
-£25k-£18k-£12k-£5k£1k£8kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£-5.3k£10.2k
Current assets£3.0k£8.0k
Net assets£-24.8k£-13.3k

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
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-04-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2025-04-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-04-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-04-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-12-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-12-01
    ➖
    FANNAN, Edward resigned
    director
  8. 2023-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2022-07-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2022-07-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2022-03-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2022-02-28
    ➖
    FANNAN (JNR), Edward resigned
    director
  14. 2021-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2021-06-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2020-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2019-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2019-12-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2018-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2014-11-06
    🔒
    Charge registered #4
    Lender: Airdrie Savings Bank
  21. 2014-04-25
    🔒
    Charge registered #3
    Lender: Airdrie Savings Bank
  22. 2014-04-25
    🔒
    Charge registered #2
    Lender: Airdrie Savings Bank
  23. 2014-04-10
    🔒
    Charge registered #1
    Lender: Airdrie Savings Bank
  24. 2014-03-01
    ➕
    FANNAN, Edward appointed
    director
  25. 2014-03-01
    ➕
    FANNAN (JNR), Edward appointed
    director
  26. 2013-05-02
    🏢
    Company incorporated
    As FANNAN PROPERTIES LTD
  27. 2013-05-02
    ➕
    FANNAN, Margaret appointed
    director

Owner dependency

100/100
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.
  • +Founder name in company name: Company name contains director surname "FANNAN" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 81 — succession pressure is live.

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 70+: Senior director is approximately 81 years old. Natural succession window is now.
  • 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Margaret Fannan
Individual · British · DOB 05/1945 · age 81
50–75%
50–75%50-75% shares · 50-75% voting06/04/2016
Mr Edward Fannan
Individual · British · DOB 04/1968 · age 58
25–50%
25–50%25-50% shares · 25-50% voting01/12/2024
2 historic (ceased) PSCs
  • Mr Edward Fannan(Snr)ceased 01/12/2024· 25-50% shares · 25-50% voting
  • Mr Edward Fannan(Jnr)ceased 01/05/2020· 25-50% shares

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

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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
Incorporated2013-05-02
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Suite 3.10 Dalziel Building
7 Scott Street
Motherwell
ML1 1PN
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-06
Last: 2026-03-23

Officers (1 active · 2 resigned)

FANNAN, Margaret→
director · ~81y · appointed 2013-05-02
View their other companies + combined net worth →
Active
FANNAN, Edward→
director · ~90y · appointed 2014-03-01 · resigned 2024-12-01
Resigned
FANNAN (JNR), Edward→
director · ~58y · appointed 2014-03-01 · resigned 2022-02-28
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Airdrie Savings Bank
A registered charge1 property06/11/2014—
outstanding
Airdrie Savings Bank
A registered charge1 property25/04/2014—
outstanding
Airdrie Savings Bank
A registered charge1 property25/04/2014—
outstanding
Airdrie Savings Bank
A registered charge—10/04/2014—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (43 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-21
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-04-08
termination-director-company-with-name-termination-date
officers · TM01
2025-04-08
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-08
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-04
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-24
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-07-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-07-04
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-23