HITORI LTD

💤Zombieactive
SC577019 · ltd · incorporated 2017-09-22
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 Sept 2024
Net worth
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 68201Renting and operating of Housing Association real estate
  • 68209Other letting and operating of own or leased real estate
  • 68320Management of real estate on a fee or contract basis
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 2.8y

0/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Newest facility, 2.8 years old — likely still in initial term.
  • · 3 lenders named — inter-creditor friction likely.
  • · 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, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 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
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Sept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30
Average employees00

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
0
filings
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-09-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2025-09-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-09-16
    🔓
    Charge satisfied #3
  4. 2025-09-15
    🔒
    Charge registered #4
    Lender: Paratus Amc Limited
  5. 2025-08-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2025-08-19
    🔒
    Charge registered #3
    Lender: The Mortgage Works (UK) PLC
  7. 2025-07-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2025-07-22
    🔒
    Charge registered #2
    Lender: Aldermore Bank PLC
  9. 2025-06-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2024-06-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2023-07-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2023-07-04
    🔒
    Charge registered #1
    Lender: The Mortgage Works (UK) PLC
  13. 2023-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2022-06-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2022-05-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2022-05-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2021-06-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2020-06-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2019-06-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2017-09-22
    🏢
    Company incorporated
    As HITORI LTD
  21. 2017-09-22
    KIRKWOOD, Kris appointed
    director
  22. 2017-09-22
    📄
    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 9 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 med ·
3 new charges in last 12 months
medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2025-09-15: A registered charge; 2025-08-19: A registered charge; 2025-07-22: A registered charge

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Kris Kirkwood
Individual · Scottish · DOB 11/1991 · age 35
75100%
75-100% shares22/09/2017

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
Incorporated2017-09-22
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

Flat 3, 1a The Glebe Main Street
St. Ninians
Stirling
FK7 9AN
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-06-02
Last: 2025-05-19

Officers (1 active · 0 resigned)

KIRKWOOD, Kris
director · ~35y · appointed 2017-09-22
View their other companies + combined net worth →
Active

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

Mortgages & charges

4
Total charges
3
Outstanding
3
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Paratus Amc
Paratus Amc Limited
A registered charge1 property15/09/2025
satisfied
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property19/08/202516/09/2025
outstanding
Aldermore
Aldermore Bank PLC
A registered charge1 property22/07/2025
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge2 properties04/07/2023
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (23 total)

mortgage-satisfy-charge-full
mortgage · MR04
2025-09-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-08-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-21
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-26
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-05-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-05-25