DUNORIN LIMITED
🏛️Establishedactive
SC583619 · ltd · incorporated 2017-12-11
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-261.6k
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 73/100 (strong), bankability 57/100. 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: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
4 live charges · 3 lenders · oldest 7.1y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 7.1 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 4 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
31 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
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
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £261,596
Cash YoY
+77%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£10k
↑ 77% YoY
Net Worth
-£262k
↓ 9.0% YoY
Current Assets
£21k
↑ 25% YoY
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 |
|---|---|---|
| Total assets | £-70.4k | £-29.6k |
| Current assets | £20.5k | £16.4k |
| Cash | £9.5k | £5.4k |
| Debtors | £11.0k | £11.0k |
| Net assets | £-261.6k | £-239.9k |
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 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
- 2025-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-01-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-03-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-01-08📄change-person-director-company-with-change-dateofficers · CH01
- 2020-01-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-09-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-07-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-07-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-07-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-07-25🔒Charge registered #4Lender: Lucinda Claire Paulo
- 2019-07-25🔒Charge registered #3Lender: Mungo Peter Laing
- 2019-07-25🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2019-07-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-07-17➕LAING, Jash Murdoch appointeddirector
- 2019-05-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2019-05-22📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2019-05-22📄capital-allotment-sharescapital · SH01
- 2019-05-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-05-09➖MACKINNON, Calum Andrew resigneddirector
- 2019-03-13🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2018-03-23➕LAING, Mungo Peter appointeddirector
- 2017-12-11🏢Company incorporatedAs DUNORIN LIMITED
- 2017-12-11➕PAULO, Samuel Thomas Christopher appointeddirector
- 2017-12-11➕MACKINNON, Calum Andrew appointeddirector
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
30/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
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
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Jash Murdoch Laing Individual · British · DOB 11/1987 · age 39 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 09/05/2019 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| GP HOLDINGS (SCOTLAND) LIMITED→ SC662223 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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| HEDGEHOG DEVELOPMENTS (SCOTLAND) LTD→ SC614174 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| HESLING INVESTMENTS LTD→ SC855202 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| HIGHFIELD PROPERTY SERVICES (INVERNESS) LTD→ SC717268 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| HIGHLAND BUSINESS SUITES LTD→ SC488315 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| HIGHLAND LETTINGS LTD→ SC535535 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| HIGHLAND VACATIONS LTD→ SC613663 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| HOWELL ASSETS LIMITED→ SC883757 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2017-12-11
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
Dochgarroch Lodge
Dochgarroch
Inverness
IV3 8JG
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-24
Last: 2025-12-10
Officers (3 active · 1 resigned)
LAING, Jash Murdoch→
Activedirector · ~39y · appointed 2019-07-17
View their other companies + combined net worth →
LAING, Mungo Peter→
Activedirector · ~42y · appointed 2018-03-23
View their other companies + combined net worth →
PAULO, Samuel Thomas Christopher→
Activedirector · ~43y · appointed 2017-12-11
View their other companies + combined net worth →
MACKINNON, Calum Andrew→
Resigneddirector · ~44y · appointed 2017-12-11 · resigned 2019-05-09
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
4
Outstanding
3
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lucinda Claire Paulo | A registered charge | 1 property | 25/07/2019 | — | |
| outstanding | Mungo Peter Laing | A registered charge | 1 property | 25/07/2019 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 25/07/2019 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 13/03/2019 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (31 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-08-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-22
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-21
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-11
confirmation-statement-with-updates
confirmation-statement · CS01
2020-01-08
change-person-director-company-with-change-date
officers · CH01
2020-01-08