HIGHLAND LETTINGS LTD

💤Zombieactive
SC535535 · ltd · incorporated 2016-05-16
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 May 2025
Net worth
£24.1k
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Real estate agencies
Sector: Real estate
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 72/100 (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 (58/100).

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
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 5 total, 5 with control declared
90
Director network
Network not yet resolved
30
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
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £24,115

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£24k
Current Assets
£33k
Current Liabilities
£0£7k£13k£20k£27k£33kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-272024-05-31
Total assets£30.7k
Current assets£33.3k
Net assets£24.1k
Average employees200

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-08-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-07-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2025-02-28
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  5. 2024-08-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-02-29
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  7. 2023-07-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-05-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2023-02-28
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  10. 2022-11-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2022-07-29
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  12. 2022-07-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2022-07-26
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  14. 2022-02-28
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  15. 2021-05-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2020-09-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2020-09-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2020-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2019-05-31
    MACIVER, Ross resigned
    director
  20. 2019-05-31
    MACIVER, Ryan Kevin resigned
    director
  21. 2019-04-01
    MACIVER, Karen appointed
    director
  22. 2016-05-17
    MACIVER, Ryan Kevin appointed
    director
  23. 2016-05-16
    🏢
    Company incorporated
    As HIGHLAND LETTINGS LTD
  24. 2016-05-16
    MACIVER, Ross appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Miss Gemma Maciver
Individual · British · DOB 03/2002 · age 24
2550%
25–50%25-50% shares · 25-50% voting01/10/2022
Ms Karen Maciver
Individual · Scottish · DOB 07/1973 · age 53
2550%
25–50%board control25-50% shares · 25-50% voting · board control31/05/2019
3 historic (ceased) PSCs
  • Mr Ross Maciverceased 31/05/2019· 50-75% shares · 50-75% voting
  • Mr Ryan Maciverceased 31/05/2019· 25-50% shares · 25-50% voting
  • Mr Ross Maciverceased 16/05/2016· 50-75% shares · 50-75% voting

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

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2016-05-16
Jurisdictionscotland
Primary SIC68310 — Real estate agencies

Registered office

9 Darris Road
Inverness
IV2 4DH
Scotland

Filing status

Accounts
Next due: 2027-02-27
Last made up to: 2025-05-27
Confirmation statement
Next due: 2026-11-15
Last: 2025-11-01

Officers (1 active · 2 resigned)

MACIVER, Karen
director · ~53y · appointed 2019-04-01
View their other companies + combined net worth →
Active
MACIVER, Ross
director · ~28y · appointed 2016-05-16 · resigned 2019-05-31
Resigned
MACIVER, Ryan Kevin
director · ~30y · appointed 2016-05-17 · resigned 2019-05-31
Resigned

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

Recent filings (45 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-10
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-13
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-19
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-27
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-28
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-02-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-24
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-31
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-02-28
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-11-01
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-01
gazette-filings-brought-up-to-date
gazette · DISS40
2022-07-29