LORN LOGGING LIMITED
💤Zombieactive
SC568609 · ltd · incorporated 2017-06-13
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 Mar 2025
Net worth
£1.4k
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: SIC 02400
Sector: Agriculture, forestry & fishing
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 71/100 (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 (70/100)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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
50
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 declaredPositive net assets
Net assets £1,426
Key financials
1 year extracted from filed iXBRL accountsCash
£14k
Net Worth
£1k
Current Assets
£61k
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 |
|---|---|
| Total assets | £158.5k |
| Current assets | £61.4k |
| Cash | £13.6k |
| Debtors | £47.8k |
| Net assets | £1.4k |
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
1
filing
- • 1 address
Last 180 days
1
filing
- • 1 address
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
- 2026-02-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-08-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-13📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2024-06-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-06-24📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-05-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-04📄change-person-director-company-with-change-dateofficers · CH01
- 2021-06-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-06-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-08-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-03-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-08-25📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2017-06-13🏢Company incorporatedAs LORN LOGGING LIMITED
- 2017-06-13➕GILLIES, Duncan Robert appointeddirector
- 2017-06-13📄incorporation-companyincorporation · NEWINC
Owner dependency
80/100
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.
- +No director turnover: Company is 9 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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Eilidh Marion Gillies Individual · British · DOB 08/1983 · age 43 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 26/08/2020 |
Mr Duncan Robert Gillies Individual · British · DOB 07/1981 · age 45 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 13/06/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
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| LOCHORE EQUESTRIAN CENTRE LIMITED→ SC821525 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| LUAS BLOODSTOCK LIMITED→ SC676272 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| LUXE K9 LTD→ SC781678 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| LWS SERVICES LTD→ SC781338 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| MANN ASSET HOLDINGS LIMITED→ SC555135 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| MOSSNEUK FARM (FORESIDE) LIMITED→ SC223005 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| MURIE KENNELS LTD→ SC713414 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| NEEMCO LIMITED→ SC149664 · est 1994 · no financials extracted | — | — | — | — | 32y | — | — |
| NEILSON FARMS LIMITED→ SC346275 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| NEW FARM, BAADS ROAD LIMITED→ SC556724 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
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
Incorporated2017-06-13
Jurisdictionscotland
Primary SIC02400 — SIC 02400
Registered office
4 Newton Place
C/O Hawthorn Tax
Glasgow
G3 7PR
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-26
Last: 2025-06-12
Officers (1 active · 0 resigned)
GILLIES, Duncan Robert→
Activedirector · ~45y · appointed 2017-06-13
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (24 total)
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-02-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-26
change-account-reference-date-company-current-extended
accounts · AA01
2024-11-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-01
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-06-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-25
change-person-director-company-with-change-date
officers · CH01
2021-06-04