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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-24.8k
book net assets
Opportunity
71/100
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 71/100 (strong), bankability 60/100. Strong seller-intent signal (63/100, director aged 81). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
4 live charges · oldest 12.1y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 12.1 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
42 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review 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 accountsCash
—
Net Worth
-£25k
↓ 86% YoY
Current Assets
£3k
↓ 63% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| 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
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2025-12-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-04-08📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-04-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-08📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-04-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-12-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-12-01➖FANNAN, Edward resigneddirector
- 2023-12-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-12-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-07-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-07-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-03-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-02-28➖FANNAN (JNR), Edward resigneddirector
- 2021-12-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-06-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-12-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-12-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-12-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-12-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2014-11-06🔒Charge registered #4Lender: Airdrie Savings Bank
- 2014-04-25🔒Charge registered #3Lender: Airdrie Savings Bank
- 2014-04-25🔒Charge registered #2Lender: Airdrie Savings Bank
- 2014-04-10🔒Charge registered #1Lender: Airdrie Savings Bank
- 2014-03-01➕FANNAN, Edward appointeddirector
- 2014-03-01➕FANNAN (JNR), Edward appointeddirector
- 2013-05-02🏢Company incorporatedAs FANNAN PROPERTIES LTD
- 2013-05-02➕FANNAN, Margaret appointeddirector
Owner dependency
100/100
Critical — business is the founderThe 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
83/100
Likely off-market candidateStrong 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.
Red flags
1 high ·Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-04-06
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Margaret Fannan Individual · British · DOB 05/1945 · age 81 | 50–75% | 50–75% | 50-75% shares · 50-75% voting | 06/04/2016 |
Mr Edward Fannan Individual · British · DOB 04/1968 · age 58 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/12/2024 |
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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|---|---|---|---|---|---|---|---|
| EK DEVELOPMENTS LIMITED→ SC343555 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| ELAR PROPERTY LTD→ SC826238 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ELEGANT LIVING PROPERTIES LTD→ SC809971 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ELITE INVESTMENTS LIMITED→ SC777856 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ELMHURST LIMITED→ SC181120 · est 1997 · no financials extracted | — | — | — | — | 28y | — | — |
| EMILY SHAKARJI LTD→ SC603211 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| EMPIRE PROPERTIES (SCOTLAND) LIMITED→ SC711186 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| EXPRESS HOME SOLUTIONS LTD→ SC861864 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FERNIEGAIR PROPERTY MATTERS LTD→ SC720724 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| FIONA BINNING DEVELOPMENTS LIMITED→ SC488924 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| FIRHM PROPERTIES LTD→ SC838227 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| FIRHOLM PROPERTY LIMITED→ SC495157 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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: 2026-04-06OVERDUE
Last: 2025-03-23
Officers (1 active · 2 resigned)
FANNAN, Margaret→
Activedirector · ~81y · appointed 2013-05-02
View their other companies + combined net worth →
FANNAN, Edward→
Resigneddirector · ~90y · appointed 2014-03-01 · resigned 2024-12-01
FANNAN (JNR), Edward→
Resigneddirector · ~58y · appointed 2014-03-01 · resigned 2022-02-28
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Airdrie Savings Bank | A registered charge | 1 property | 06/11/2014 | — | |
| outstanding | Airdrie Savings Bank | A registered charge | 1 property | 25/04/2014 | — | |
| outstanding | Airdrie Savings Bank | A registered charge | 1 property | 25/04/2014 | — | |
| 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 (42 total)
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
termination-director-company-with-name-termination-date
officers · TM01
2022-03-10