JOHN REID CONSTRUCTION LTD
💤Zombieactive
SC544479 · ltd · incorporated 2016-09-02
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 2024
Net worth
—
book net assets
Opportunity
69/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
ALSO REGISTERED FOR
- 82990Other business support service activities n.e.c.
Investor take
PursueProperty-backed borrower. Reasonable fundamentals — worth a memo before deciding.
Opportunity 69/100 (strong), 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: 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).
🏦
Refinance opportunity
6 live charges · 2 lenders · oldest 3.0y
0/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 3.0 years old — likely still in initial term.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
6 charges (6/6 with lender, 6/6 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
Network not yet resolved
30
Filing history
29 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
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 | 2024-12-31 | 2023-12-31 |
|---|
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
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2025-10-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-09-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-09🔒Charge registered #6Lender: Aldermore Bank PLC
- 2025-02-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-02-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-02-27🔓Charge satisfied #3
- 2025-02-07🔒Charge registered #5Lender: Aldermore Bank PLC
- 2024-12-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-17🔒Charge registered #4Lender: Together Commercial Finance Limited
- 2023-05-17🔒Charge registered #3Lender: Together Commercial Finance Limited
- 2023-05-17🔒Charge registered #2Lender: Together Commercial Finance Limited
- 2023-05-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-04🔒Charge registered #1Lender: Together Commercial Finance Limited
- 2022-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-03-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-12-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-05-24📄resolutionresolution · RESOLUTIONS
- 2018-09-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-09-02🏢Company incorporatedAs JOHN REID CONSTRUCTION LTD
- 2016-09-02➕REID, John appointeddirector
Owner dependency
95/100
Critical — business is the founderThe 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.
- +Founder name in company name: Company name contains director surname "REID" — strong identity link between founder and business.
- +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 signalSome 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 low5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John Reid Individual · Scottish · DOB 08/1994 · age 32 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 02/09/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| KEY INVESTMENT SOLUTION LTD→ SC466633 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| KRM SKYE LTD→ SC806000 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| KYLE & LOCHALSH COMMUNITY TRUST→ SC430036 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| LASHLEY HOMES LIMITED→ SC546666 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| LETTINGS INVERNESS LTD→ SC471619 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| LIGHTHOUSE PROPERTIES (SCOTLAND) LTD→ SC610191 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| LITTLEBURN PROPERTIES LTD→ SC155154 · est 1994 · no financials extracted | — | — | — | — | 31y | — | — |
| LOCHABER PROPERTIES LIMITED→ SC447043 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| LOCIN ENTRIES LTD→ SC819919 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| LODGE & YOUNG LTD→ SC850505 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| LUCKY NUMBER SIX LTD→ SC874808 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| LYNDALE ISLE OF SKYE LTD→ SC652560 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
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
Incorporated2016-09-02
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Ivy Cottage
Mosstowie
Elgin
Moray
IV30 8TT
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-15
Last: 2025-09-01
Officers (1 active · 0 resigned)
Active
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
5
Outstanding
2
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 09/09/2025 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 07/02/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 17/05/2023 | — | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 17/05/2023 | 27/02/2025 | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 17/05/2023 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | — | 04/05/2023 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (29 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-02
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-18
mortgage-satisfy-charge-full
mortgage · MR04
2025-02-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-27
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-05
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-16
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-07