GLENPATRICK ESTATES LTD

💤Zombieactive
SC617150 · ltd · incorporated 2019-01-03
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 Jan 2024
Net worth
book net assets
Opportunity
54/100
Worth a look
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 54/100 (worth a look), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

1 live charge · oldest 6.5y

45/100
under pressure

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

  • · Oldest live charge is 6.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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
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 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
30 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
54/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
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£0Jan 2023Jan 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-01-312023-01-31
Average employees00

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

🔒Filing-note intelligence

3 signals 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
1
filing
  • 1 gazette
Last 90 days
1
filing
  • 1 gazette
Last 180 days
1
filing
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-04-21
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-05-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  3. 2025-05-15
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2025-05-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2025-03-08
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2025-01-17
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  7. 2024-12-31
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2024-04-06
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  9. 2024-03-26
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  10. 2024-01-31
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  11. 2024-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2024-01-13
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  13. 2023-12-26
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  14. 2023-06-07
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  15. 2023-04-13
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  16. 2023-03-21
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  17. 2022-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2022-04-13
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  19. 2022-04-01
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  20. 2022-03-22
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  21. 2022-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2019-11-06
    🔒
    Charge registered #1
    Lender: The Mortgage Lender Limited
  23. 2019-01-03
    🏢
    Company incorporated
    As GLENPATRICK ESTATES LTD
  24. 2019-01-03
    BALLANTYNE, Andrew appointed
    director

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 7 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

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-01-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-01-16

Group structure

Bannachtyne Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Bannachtyne Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
GLENPATRICK ESTATES LTD
This company · SC617150

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Bannachtyne Ltd
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control20/03/2025
1 historic (ceased) PSC
  • Mr Andrew Ballantyneceased 20/03/2025· 75-100% shares · 75-100% voting · board control

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

10 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
Incorporated2019-01-03
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

Glenpatrick Estates 1/6
140 Main Road
Elderslie
Renfrewshire
PA5 9AX
Scotland

Filing status

Accounts
Next due: 2026-01-31OVERDUE
Last made up to: 2024-01-31
Confirmation statement
Next due: 2026-01-16OVERDUE
Last: 2025-01-02

Officers (1 active · 0 resigned)

BALLANTYNE, Andrew
director · ~39y · appointed 2019-01-03
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
The Mortgage Lender
The Mortgage Lender Limited
A registered charge1 property06/11/2019
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (30 total)

gazette-notice-compulsory
gazette · GAZ1
2026-04-21
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-05-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-05-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-08
gazette-filings-brought-up-to-date
gazette · DISS40
2025-03-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-07
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2025-01-17
gazette-notice-compulsory
gazette · GAZ1
2024-12-31
gazette-filings-brought-up-to-date
gazette · DISS40
2024-04-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-03
gazette-notice-compulsory
gazette · GAZ1
2024-03-26
gazette-filings-brought-up-to-date
gazette · DISS40
2024-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-30
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2024-01-13
gazette-notice-compulsory
gazette · GAZ1
2023-12-26