TARTAN ENTERPRISES LTD

💤Zombieactive
SC534372 · ltd · incorporated 2016-05-04
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 Apr 2025
Net worth
£-206.3k
book net assets
Opportunity
64/100
Worth a look
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What this business does
Primary activity: Other professional, scientific and technical activities n.e.c.
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: distressed disposal / insolvency (65/100).

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
75
Lenders & charges
Confirmed no charges registered
85
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
Network not yet resolved
30
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £206,269
High leverage
Liabilities are 100% of total assets
Leverage
100%
Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£206k
↓ 71% YoY
Current Assets
£5k
↓ 95% YoY
Current Liabilities
—
-£206k-£148k-£90k-£31k£27k£86kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-052024-04-05
Total assets£7.9k£87.9k
Current assets£4.5k£85.6k
Net assets£-206.3k£-120.9k

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 address
Last 90 days
1
filing
  • • 1 address
Last 180 days
2
filings
  • • 1 address
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2026-05-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2026-01-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-12-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-09-09
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  7. 2022-01-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-01-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-12-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2017-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-03-14
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  13. 2017-03-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2016-05-04
    🏢
    Company incorporated
    As TARTAN ENTERPRISES LTD
  15. 2016-05-04
    ➕
    SUTHERLAND, Richard appointed
    director
  16. 2016-05-04
    📄
    incorporation-company
    incorporation · NEWINC

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 10 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 ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-17

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Richard Sutherland
Individual · British · DOB 09/1976 · age 50
75–100%
—75-100% shares04/05/2016

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
Incorporated2016-05-04
Jurisdictionscotland
Primary SIC74909 — Other professional, scientific and technical activities n.e.c.

Registered office

Banff Business Centre C/O Gilbert Watson And Associates Ltd
8 Low Street
Banff
Aberdeenshire
AB45 1AS
Scotland

Filing status

Accounts
Next due: 2027-01-05
Last made up to: 2025-04-05
Confirmation statement
Next due: 2026-05-17OVERDUE
Last: 2025-05-03

Officers (1 active · 0 resigned)

SUTHERLAND, Richard→
director · ~50y · appointed 2016-05-04
View their other companies + combined net worth →
Active

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

Recent filings (23 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-13
accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-07
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-14
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-16
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-22
certificate-change-of-name-company
change-of-name · CERTNM
2022-09-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-19
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-17
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-04
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-17