LETTINGS INVERNESS LTD

💤Zombieactive

SC471619 · ltd · incorporated 2014-03-05

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 steady · low confidence

Steady and stalled — no momentum either way. Needs an approach trigger.

What changed my view

Last 30 days

No material changes in the last 30 days.

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

—

book net assets

Opportunity

78/100

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

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 75/100. 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 (73/100).

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

Confirmed no charges registered

Directors & officers

1 officers (1 active, 1 linked, 1 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

25 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

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	—	£0
Net assets	—	£0

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (17 events)Click to expand

2025-12-31
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-12-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-31
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-12-29
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-01-03
📄
accounts-with-accounts-type-dormant
accounts · AA
2020-12-31
📄
accounts-with-accounts-type-dormant
accounts · AA
2019-12-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-01-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-12-28
📄
change-person-director-company-with-change-date
officers · CH01
2017-12-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-12-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-03-28
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-12-16
📄
accounts-with-accounts-type-dormant
accounts · AA
2015-03-07
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-03-05
🏢
Company incorporated
As LETTINGS INVERNESS LTD
2014-03-05
➕
MCCRORY, Sean appointed
director
2014-03-05
📄
incorporation-company
incorporation · NEWINC

Owner dependency

88/100

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.
+Senior director age: Director aged approximately 61 — approaching natural succession window.
+No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

68/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 61. 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

clean

No 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
Mr Sean Mccrory Individual · Scottish · DOB 04/1965 · age 61	75–100%	—	75-100% shares	01/05/2016

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

Similar companies

Active · Property · IV postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BLAVEN LIMITED→ SC160238 · est 1995	£1.94M £1.65M–£2.24M	—	£1.94M	—	30y	83	73y
REDDLEMAN PROPERTIES LIMITED→ SC210065 · est 2000	£1.04M £882.8k–£1.19M	—	£1.04M	—	25y	82	61y
PURESURF LIMITED→ SC186167 · est 1998	£839.5k £713.6k–£965.4k	—	£839.5k	—	28y	82	65y
GLENVICASKILL DEVELOPMENTS LIMITED→ SC235334 · est 2002	£658.2k £559.5k–£756.9k	—	£658.2k	—	23y	82	82y
W. & A.B. RICHARDSON LIMITED→ SC022381 · est 1943	£561.0k £476.8k–£645.1k	—	£561.0k	—	83y	82	63y
GEDDES PROPERTIES (NAIRN) LIMITED→ SC141250 · est 1992	£538.2k £457.5k–£618.9k	—	£538.2k	—	33y	82	65y
FINDHORN SALMON FISHINGS LIMITED→ SC030593 · est 1955	£291.2k £247.5k–£334.9k	—	£291.2k	—	71y	82	77y
FAIRFIELD PROPERTIES (INVERNESS) LTD.→ SC244714 · est 2003	£217.0k £184.5k–£249.6k	—	£217.0k	—	23y	82	75y
NORTHLANDS PROPERTIES LIMITED→ SC195787 · est 1999	£214.5k £182.3k–£246.6k	—	£214.5k	—	27y	83	59y
CRUACHAN FLATS LIMITED→ SC242899 · est 2003	£148.1k £125.9k–£170.3k	—	£148.1k	—	23y	82	77y
BELVOIR LETTINGS (MORAY) LTD→ SC302163 · est 2006	£124.4k £105.7k–£143.0k	—	£124.4k	—	20y	82	67y
CAMERON HARRIS LTD.→ SC241344 · est 2002	£93.0k £79.0k–£106.9k	—	£93.0k	—	23y	82	78y

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.

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Company details

Statusactive

Typeltd

Incorporated2014-03-05

Jurisdictionscotland

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

Registered office

Balliemore

Blackfold

Inverness

IV3 8LB

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-03-19

Last: 2026-03-05

Officers (1 active · 0 resigned)

MCCRORY, Sean→

director · ~61y · appointed 2014-03-05

View their other companies + combined net worth →

Active

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