GRANGEMOUTH RETAIL PROPERTIES LIMITED

💤Zombieactive
SC585951 · ltd · incorporated 2018-01-17
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£267.9k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 80/100. 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).

🏦

Refinance opportunity

1 live charge · oldest 4.6y

35/100
under pressure

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

  • · Charge age ~4.6 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (71/100)

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
1 charges (1/1 with lender, 1/1 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
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
78/100Strong
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £267,935

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
£268k
Current Assets
£180k
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-31
Total assets£267.9k
Current assets£180.2k
Net assets£267.9k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

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 (20 events)Click to expand
  1. 2026-01-18
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  2. 2025-10-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-01-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-01-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-01-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-10-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-10-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-11-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2022-08-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-12-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2021-11-12
    🔒
    Charge registered #1
    Lender: Paragon Bank PLC
  12. 2021-10-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2021-08-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2020-10-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2020-01-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2019-10-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2019-10-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2018-01-17
    🏢
    Company incorporated
    As GRANGEMOUTH RETAIL PROPERTIES LIMITED
  19. 2018-01-17
    ➕
    HENDERSON, Kevin appointed
    director
  20. 2018-01-17
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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 63 — approaching natural succession window.
  • +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • 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 Kevin Henderson
Individual · British · DOB 10/1963 · age 63
75–100%
75–100%75-100% shares · 75-100% voting17/01/2018

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

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
Incorporated2018-01-17
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

5 Toll Road
Kincardine
Alloa
FK10 4RN
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-01-30
Last: 2026-01-16

Officers (1 active · 0 resigned)

HENDERSON, Kevin→
director · ~63y · appointed 2018-01-17
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property12/11/2021—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (25 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-19
change-account-reference-date-company-current-extended
accounts · AA01
2026-01-18
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-01-16
change-person-director-company-with-change-date
officers · CH01
2025-01-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-10
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-17
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-11-03
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-12-01