NORTHERN CORRIES LIMITED

💤Zombieactive
SC601401 · ltd · incorporated 2018-07-02
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.
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 Aug 2024
Net worth
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Unlicenced restaurants and cafes
Sector: Accommodation & food service
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 72/100 (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: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
20 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
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£0Aug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-08-312023-08-31
Average employees16002300

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 (19 events)Click to expand
  1. 2025-03-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-05-01
    📄
    second-filing-change-details-of-a-person-with-significant-control
    persons-with-significant-control · RP04PSC04
  3. 2024-04-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-04-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2024-04-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2024-04-03
    WILLIAMSON, Jacqueline Christina resigned
    director
  7. 2024-04-02
    WILLIAMSON, Gary Vincent resigned
    director
  8. 2024-03-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-07-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2023-05-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2022-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-04-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-03-04
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  15. 2018-07-02
    🏢
    Company incorporated
    As NORTHERN CORRIES LIMITED
  16. 2018-07-02
    LOCKHART, John Brian appointed
    director
  17. 2018-07-02
    WILLIAMSON, Gary Vincent appointed
    director
  18. 2018-07-02
    WILLIAMSON, Jacqueline Christina appointed
    director
  19. 2018-07-02
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

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

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
John Brian Lockhart
Individual · Scottish · DOB 09/1973 · age 53
75100%
75–100%board control75-100% shares · 75-100% voting · board control02/07/2018

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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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
Incorporated2018-07-02
Jurisdictionscotland
Primary SIC56102 — Unlicenced restaurants and cafes

Registered office

5 Walker Road
Inverness
Highland
IV1 1TD
Scotland

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-05-08
Last: 2025-04-24

Officers (1 active · 2 resigned)

LOCKHART, John Brian
director · ~53y · appointed 2018-07-02
View their other companies + combined net worth →
Active
WILLIAMSON, Gary Vincent
director · ~62y · appointed 2018-07-02 · resigned 2024-04-02
Resigned
WILLIAMSON, Jacqueline Christina
director · ~61y · appointed 2018-07-02 · resigned 2024-04-03
Resigned

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

Recent filings (20 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-06
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-26
second-filing-change-details-of-a-person-with-significant-control
persons-with-significant-control · RP04PSC04
2024-05-01
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-04-18
termination-director-company-with-name-termination-date
officers · TM01
2024-04-05
termination-director-company-with-name-termination-date
officers · TM01
2024-04-05
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-07-04
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-27