LEGACY PROPERTY DEVELOPMENTS (THEE) LIMITED

💤Zombieactive
SC504404 · ltd · incorporated 2015-04-27
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
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Turnover
year to Mar 2024
Net worth
£280.2k
book net assets
Opportunity
62/100
Worth a look
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Special-situation opportunity
Distressed holding with salvageable qualities — special-situations priority.

Opportunity 62/100 (worth a look), bankability 47/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 10.9y

15/100
under pressure

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

  • · Oldest live charge is 10.9 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (83/100)

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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
45 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
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
59
Some moderate concerns — review 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 £280,182

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
Net Worth
£280k
Current Assets
£4k
Current Liabilities
£0£56k£112k£168k£224k£280kMar 2023Mar 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-03-312023-03-31
Total assets£675.8k
Current assets£3.5k
Cash£2.8k
Debtors£730
Net assets£280.2k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2025-02-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2024-11-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2024-11-01
    🔓
    Charge satisfied #5
  5. 2024-11-01
    🔓
    Charge satisfied #4
  6. 2024-06-17
    📄
    memorandum-articles
    incorporation · MA
  7. 2024-06-17
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2024-06-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2024-06-12
    🔒
    Charge registered #5
    Lender: West One Loan Limited
  10. 2024-06-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2024-05-31
    🔒
    Charge registered #4
    Lender: West One Loan Limited
  12. 2024-02-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2023-02-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2023-01-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2022-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2022-09-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2021-12-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2021-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2020-12-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2020-12-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  21. 2019-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2018-11-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2018-03-21
    🔒
    Charge registered #3
    Lender: Atom Bank PLC
  24. 2018-03-20
    🔓
    Charge satisfied #2
  25. 2018-03-20
    🔓
    Charge satisfied #1
  26. 2015-11-27
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  27. 2015-06-01
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  28. 2015-04-27
    🏢
    Company incorporated
    As LEGACY PROPERTY DEVELOPMENTS (THEE) LIMITED
  29. 2015-04-27
    MCKIE, Alexander Scott appointed
    director

Owner dependency

80/100
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.
  • +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high · 1 med ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-03-31

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.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Alexander Scott Mckie
Individual · British · DOB 07/1974 · age 52
75100%
75-100% shares06/04/2016

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 →

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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
Incorporated2015-04-27
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

Unit 3, Kpp Chartered Accountants Morris Park
37 Rosyth Road
Glasgow
G5 0YE
Scotland

Filing status

Accounts
Next due: 2026-03-31OVERDUE
Last made up to: 2024-03-31
Confirmation statement
Next due: 2026-05-13
Last: 2025-04-29

Officers (1 active · 0 resigned)

MCKIE, Alexander Scott
director · ~52y · appointed 2015-04-27
View their other companies + combined net worth →
Active

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

Mortgages & charges

5
Total charges
1
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
satisfied
West One Loan
West One Loan Limited
A registered charge1 property12/06/202401/11/2024
satisfied
West One Loan
West One Loan Limited
A registered charge31/05/202401/11/2024
outstanding
Atom Bank
Atom Bank PLC
A registered charge1 property21/03/2018
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property27/11/201520/03/2018
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge01/06/201520/03/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (45 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-23
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-01
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-01
memorandum-articles
incorporation · MA
2024-06-17
resolution
resolution · RESOLUTIONS
2024-06-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-02-02
change-person-director-company-with-change-date
officers · CH01
2023-01-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-04