CORRIEGARTH LTD

💤Zombieactive
SC541281 · ltd · incorporated 2016-07-27
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
—
Upgrade to see
Turnover
—
year to Dec 2023
Net worth
£438.8k
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Hotels and similar accommodation
Sector: Accommodation & food service
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 76/100 (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 (75/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
39 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £438,798

Key financials

1 year extracted from filed iXBRL accounts
Cash
£33k
Net Worth
£439k
Current Assets
£658k
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2023-12-31
Total assets£453.8k
Current assets£658.0k
Cash£32.6k
Net assets£438.8k

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
4
filings
  • • 2 officers
  • • 1 confirmation-statement
  • • 1 persons-with-significant-control
Last 180 days
4
filings
  • • 2 officers
  • • 1 confirmation-statement
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-04-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-04-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2026-04-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2026-03-25
    ➕
    REELEY, Robert Norman appointed
    director
  5. 2026-03-25
    ➖
    REELEY, Julie Ann resigned
    director
  6. 2025-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2024-08-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2024-06-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2024-06-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2023-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2023-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-05-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2022-01-20
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  15. 2022-01-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2021-11-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  17. 2021-11-26
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  18. 2021-01-08
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  19. 2020-05-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2019-02-16
    ➖
    REELEY, Annabel resigned
    director
  22. 2018-07-05
    ➕
    REELEY, Julie Ann appointed
    director
  23. 2018-07-05
    ➖
    REELEY, Robert Norman resigned
    director
  24. 2016-07-27
    🏢
    Company incorporated
    As CORRIEGARTH LTD
  25. 2016-07-27
    ➕
    REELEY, Annabel appointed
    director
  26. 2016-07-27
    ➕
    REELEY, Robert Norman appointed
    director

Owner dependency

83/100
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.

Succession & seller-readiness

55/100
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.

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%
NameSharesVoting rightsNature of controlNotified
Mr Robert Norman Reeley
Individual · British · DOB 09/1965 · age 61
75–100%
75–100%75-100% shares · 75-100% voting27/07/2016
2 historic (ceased) PSCs
  • Mrs Julie Ann Reeleyceased 25/03/2026· significant influence
  • Miss Annabel Reeleyceased 09/12/2018· significant influence

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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————31y——
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06878308 · est 2009 · no financials extracted
————17y——
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05813221 · est 2006 · no financials extracted
————19y——
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16352746 · est 2025 · no financials extracted
————1y——
CPFASTFOODSNE LIMITED→
11234045 · est 2018 · no financials extracted
————8y——
CRUST TO CRUST LTD→
16376166 · est 2025 · no financials extracted
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EDMISTON ROB ROY LTD→
14771741 · est 2023 · no financials extracted
————3y——
FAHMAR LIMITED→
15136468 · est 2023 · no financials extracted
————2y——
FAMILY FUN CENTRE LIMITED→
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————33y——
FENWICK GRANARY (LETTINGS) LTD→
13583008 · est 2021 · no financials extracted
————4y——
FERNEYLEA GLAMPING LTD→
SC828104 · est 2024 · no financials extracted
————1y——
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
Incorporated2016-07-27
Jurisdictionscotland
Primary SIC55100 — Hotels and similar accommodation

Registered office

Viewfield Station Road
Oxton
Lauder
TD2 6PW
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-06
Last: 2026-02-20

Officers (1 active · 3 resigned)

REELEY, Robert Norman→
director · ~61y · appointed 2026-03-25
View their other companies + combined net worth →
Active
REELEY, Annabel→
director · ~28y · appointed 2016-07-27 · resigned 2019-02-16
Resigned
REELEY, Julie Ann→
director · ~58y · appointed 2018-07-05 · resigned 2026-03-25
Resigned
REELEY, Robert Norman→
director · ~61y · appointed 2016-07-27 · resigned 2018-07-05
Resigned

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

Recent filings (39 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-08
termination-director-company-with-name-termination-date
officers · TM01
2026-04-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-07
appoint-person-director-company-with-name-date
officers · AP01
2026-04-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-14