TURNBERRY RESIDENTIAL LETTING LIMITED
💤Zombieactive
SC468968 · ltd · incorporated 2014-02-03
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 Dec 2024
Net worth
£3.32M
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
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 75/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
33 live charges · 3 lenders · oldest 11.2y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 11.2 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (81/100)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
33 charges (33/33 with lender, 33/33 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
63 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
75/100Strong
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
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 £3,321,678
Cash YoY
+28%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£38k
↑ 28% YoY
Net Worth
£3.3m
↑ 3.4% YoY
Current Assets
£38k
↑ 28% 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 | £4.35M | £4.35M |
| Current assets | £38.4k | £29.9k |
| Cash | £38.4k | £29.9k |
| Debtors | £1 | £1 |
| Net assets | £3.32M | £3.21M |
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
1
filing
- • 1 officers
Last 90 days
2
filings
- • 1 officers
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 officers
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (54 events)Click to expand
- 2026-05-15📄change-person-director-company-with-change-dateofficers · CH01
- 2025-06-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-26📄accounts-with-accounts-type-smallaccounts · AA
- 2022-06-01📄accounts-with-accounts-type-smallaccounts · AA
- 2021-06-24📄accounts-with-accounts-type-smallaccounts · AA
- 2021-04-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-03-31➖HOUSTON, Patricia resigneddirector
- 2020-10-19📄accounts-with-accounts-type-smallaccounts · AA
- 2019-07-02📄accounts-with-accounts-type-smallaccounts · AA
- 2018-09-01📄accounts-with-accounts-type-smallaccounts · AA
- 2017-09-21📄accounts-with-accounts-type-smallaccounts · AA
- 2016-06-27📄accounts-with-accounts-type-smallaccounts · AA
- 2016-02-05📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-01-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2016-01-28🔓Charge satisfied #33
- 2015-12-22🔒Charge registered #33Lender: Turnberry Homes Limited
- 2015-12-22🔒Charge registered #32Lender: Turnberry Homes Limited
- 2015-07-08🔒Charge registered #31Lender: Hsbc Bank PLC
- 2015-07-08🔒Charge registered #30Lender: Bank of Scotland PLC
- 2015-07-08🔒Charge registered #29Lender: Bank of Scotland PLC
- 2015-07-08🔒Charge registered #28Lender: Bank of Scotland PLC
- 2015-07-08🔒Charge registered #27Lender: Bank of Scotland PLC
- 2015-07-08🔒Charge registered #26Lender: Bank of Scotland PLC
- 2015-07-08🔒Charge registered #25Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #24Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #23Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #22Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #21Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #20Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #18Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #17Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #16Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #15Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #14Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #13Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #12Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #11Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #10Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #9Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #8Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #7Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #6Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #5Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #4Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #3Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #2Lender: Bank of Scotland PLC
- 2015-04-01🔒Charge registered #1Lender: Bank of Scotland PLC
- 2015-03-25🔒Charge registered #19Lender: Bank of Scotland PLC
- 2014-02-03🏢Company incorporatedAs TURNBERRY RESIDENTIAL LETTING LIMITED
Showing most recent 50 of 54 events
Owner dependency
83/100
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.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
68/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 12 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 low32 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Turnberry Holdings (Scotland) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Turnberry Holdings (Scotland) Limited
Corporate parent · holds 75-100% shares
⬇
TURNBERRY RESIDENTIAL LETTING LIMITED
This company · SC468968
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Turnberry Holdings (Scotland) Limited Corporate entity | 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.
🔒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 · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| WATPRO LIMITED→ SC866318 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| WEST END ESTATES (EDINBURGH) LTD→ SC829296 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| WEST END PROPERTIES (GLASGOW) LIMITED→ SC570600 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| WEST HOMES SCOTLAND LIMITED→ SC708706 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| WESTBOURNE PORTFOLIO LIMITED→ SC321444 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| WESTERN ROAD PROPERTIES LIMITED→ SC837537 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| WESTERWOOD PROPERTIES (SCOTLAND) LIMITED→ SC114091 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
| WESTFIELD INDUSTRIAL SOLUTIONS LTD→ SC435315 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| WESTKIRK LIMITED→ SC200190 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| WESTPOINT INVESTMENT COMPANY LIMITED→ SC386319 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| WESTPOINT PROPERTY BUYERS LIMITED→ SC671781 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| WESTPOINT PROPERTY INVESTMENTS LIMITED→ SC796452 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2014-02-03
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Turnberry House
18 Allerdyce Drive
Glasgow
G15 6RY
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-14
Last: 2026-02-28
Officers (1 active · 2 resigned)
SMALL, Elaine Montague→
Activedirector · ~58y · appointed 2014-02-03
View their other companies + combined net worth →
HOUSTON, Patricia→
Resigneddirector · ~69y · appointed 2014-02-03 · resigned 2021-03-31
TURNBERRY HOLDINGS (SCOTLAND) LIMITED→
Resignedcorporate-director · appointed 2014-02-03 · resigned 2014-02-03
Click a director name to see their full track record across all companies.
Mortgages & charges
33
Total charges
32
Outstanding
3
Active lenders
Status:Lender:33 of 33 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Turnberry Homes Turnberry Homes Limited | A registered charge | 1 property | 22/12/2015 | 28/01/2016 | |
| outstanding | Turnberry Homes Turnberry Homes Limited | A registered charge | 1 property | 22/12/2015 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 08/07/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 08/07/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 08/07/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 08/07/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 08/07/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 08/07/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 08/07/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 2 properties | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 2 properties | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 01/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 25/03/2015 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (63 total)
change-person-director-company-with-change-date
officers · CH01
2026-05-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-18
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-09
accounts-with-accounts-type-small
accounts · AA
2023-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-03
accounts-with-accounts-type-small
accounts · AA
2022-06-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-04
accounts-with-accounts-type-small
accounts · AA
2021-06-24
termination-director-company-with-name-termination-date
officers · TM01
2021-04-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-05
accounts-with-accounts-type-small
accounts · AA
2020-10-19