CANONGATE LTD
🏛️Establishedactive
SC612610 · ltd · incorporated 2018-11-02
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-286.6k
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 76/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
Data confidence
Overall: medium (75/100)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
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
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
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £286,643
Key financials
1 year extracted from filed iXBRL accountsCash
£85k
Net Worth
-£287k
Current Assets
£347k
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 |
|---|---|
| Total assets | £-286.6k |
| Current assets | £346.9k |
| Cash | £85.1k |
| Debtors | £261.9k |
| Net assets | £-286.6k |
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
3
filings
- • 1 address
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
- 2026-01-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-09📄change-person-director-company-with-change-dateofficers · CH01
- 2025-04-04📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2025-02-04📄change-person-director-company-with-change-dateofficers · CH01
- 2025-02-04📄change-person-director-company-with-change-dateofficers · CH01
- 2025-02-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-08-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-01-24📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-01-23📄gazette-notice-compulsorygazette · GAZ1
- 2023-07-24📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-11-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-10-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-16📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-11-02🏢Company incorporatedAs CANONGATE LTD
- 2018-11-02➕FARMER, Nigel Laurence appointeddirector
- 2018-11-02➕PETRIE, David Murray appointeddirector
- 2018-11-02➕RAWLINSON, Grant Macdonald appointeddirector
- 2018-11-02📄incorporation-companyincorporation · NEWINC
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
40/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Nigel Laurence Farmer Individual · British · DOB 09/1967 · age 59 | 75–100% | — | 75-100% shares | 02/11/2018 |
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 →Similar companies
Active · Property · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BTHM PROPERTIES LIMITED→ SC552888 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| C1 PROPERTY INVESTMENTS LIMITED→ SC837177 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| CADDYSHACKS LTD→ SC696406 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| CAIRNMORE LIMITED→ SC207729 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| CALEDON PROPERTIES LIMITED→ SC367677 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| CALEDONIAN FINANCE LIMITED→ SC123931 · est 1990 · no financials extracted | — | — | — | — | 36y | — | — |
| CALEY WATER PROPERTY LTD→ SC837237 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| CALGARY HERITAGE LIMITED→ SC588883 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| CANADA PLACE (RETAIL) UNIT TRUST LP LIMITED→ SC312212 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| CANADA PLACE MALL (RETAIL) UNIT TRUST LP LIMITED→ SC312215 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| CANT PROPERTY COMPANY LTD→ SC862986 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CANTON AND PARTNERS LTD→ SC821143 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2018-11-02
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
28 Rutland Square
Edinburgh
EH1 2BW
United Kingdom
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-15
Last: 2025-11-01
Officers (3 active · 0 resigned)
FARMER, Nigel Laurence→
Activedirector · ~59y · appointed 2018-11-02
View their other companies + combined net worth →
PETRIE, David Murray→
Activedirector · ~58y · appointed 2018-11-02
View their other companies + combined net worth →
RAWLINSON, Grant Macdonald→
Activedirector · ~52y · appointed 2018-11-02
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (23 total)
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-23
change-person-director-company-with-change-date
officers · CH01
2025-05-09
change-account-reference-date-company-previous-extended
accounts · AA01
2025-04-04
change-person-director-company-with-change-date
officers · CH01
2025-02-04
change-person-director-company-with-change-date
officers · CH01
2025-02-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-02-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-04-24
gazette-filings-brought-up-to-date
gazette · DISS40
2024-01-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-23
gazette-notice-compulsory
gazette · GAZ1
2024-01-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-07-24