LNG9 LIMITED

💤Zombieactive

SC631531 · ltd · incorporated 2019-05-24

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 closing · high confidence

Getting harder to buy cheaply — 4 signals strengthening over the last 30 days.

· Hygiene score: 50 → 70
· Deal-killer verdict: complicated → workable
· Bankability: 55 → 65
· Filings: 23 → 25

Opportunity decay

hardening · 6-months

Hardening — profile is tightening. If you want to act, do it before the window closes further.

· 4 recent signals strengthening vs 0 weakening

What changed my view

Last 30 days

Picture improved over the last 30 days — 4 positive signals vs 0 negative.

↑Deal-killer verdict: complicated → workable
↑Hygiene score: 50 → 70
↑Bankability: 55 → 65
↑Filings: 23 → 25

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 May 2025

Net worth

£31.0k

book net assets

Opportunity

63/100

Worth a look

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Activities of other holding companies n.e.c.

Sector: Financial & insurance

Investor take

Special-situation opportunity

Distressed holding with salvageable qualities — special-situations priority.

Opportunity 63/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: high (84/100)

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

Company profile

address, 1 SIC codes, incorporation date

100

Financials

3 years of iXBRL accounts extracted + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

1 officers (1 active, 1 linked, 1 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

25 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

63/100Worth a look

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £31,000

Key financials

3 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£31k

~ YoY

Current Assets

£1k

~ YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-05-31	2024-05-31	2023-05-31
Total assets	£1.0k	£1.0k	£1.0k
Current assets	£1.0k	£1.0k	£1.0k
Net assets	£31.0k	£31.0k	£31.0k

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

Recent activity

Last 30 days

filings

Last 90 days

filings

• 2 gazette
• 1 accounts

Last 180 days

filings

• 2 gazette
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (21 events)Click to expand

2026-05-16
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2026-05-15
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-28
📄
gazette-notice-compulsory
gazette · GAZ1
2025-08-13
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2025-08-12
📄
gazette-notice-compulsory
gazette · GAZ1
2025-02-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-10
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-03
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-01
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2024-04-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-30
📄
gazette-notice-compulsory
gazette · GAZ1
2023-08-09
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2023-08-08
📄
gazette-notice-compulsory
gazette · GAZ1
2023-01-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-28
📍
default-companies-house-registered-office-address-applied
address · RP05
2022-03-02
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-08-24
📄
resolution
resolution · RESOLUTIONS
2019-05-24
🏢
Company incorporated
As LNG9 LIMITED
2019-05-24
➕
KATARIA, Swapan appointed
director
2019-05-24
📄
incorporation-company
incorporation · NEWINC

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

1 high ·

Confirmation statement overdue

high

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

Evidence: Next due: 2026-06-06

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Swapan Kataria Individual · Canadian · DOB 05/1973 · age 53	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	24/05/2019

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

Similar companies

Active · Holding company · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
THE TUITEAM COMPANY LIMITED→ SC189123 · est 1998	£1.27M £1.08M–£1.46M	—	£1.27M	—	27y	83	85y
GLENDINNING ASSETS LIMITED→ SC185169 · est 1998	£898.3k £763.5k–£1.03M	—	£898.3k	—	28y	82	69y
MDW SCOTLAND LTD→ SC206317 · est 2000	£395.2k £335.9k–£454.5k	—	£395.2k	—	26y	82	76y
PWP HOLDINGS LIMITED→ SC177994 · est 1997	£179.2k £152.3k–£206.1k	—	£179.2k	—	28y	82	67y
D.C. AGRICULTURAL HOLDINGS LIMITED→ SC215245 · est 2001	£13.2k £11.2k–£15.2k	—	£13.2k	—	25y	82	71y
HISTORIC LOTHIAN PROTECTION & DEVELOPMENT LIMITED→ SC231712 · est 2002	£9.4k £8.0k–£10.8k	—	£9.4k	—	24y	82	73y
CRAIGLEITH ELECTRONICS LIMITED→ SC162758 · est 1996	£6.1k £5.2k–£7.0k	—	£6.1k	—	30y	82	71y
HOT SPRING PORTABLE SPAS (SCOTLAND) LIMITED→ SC148582 · est 1994	£3.0k £2.6k–£3.5k	—	£3.0k	—	32y	82	65y
CP WAREHOUSING LIMITED→ SC247121 · est 2003	£2.4k £2.0k–£2.7k	—	£2.4k	—	23y	83	79y
MURRAY CAPITAL GROUP LIMITED→ SC375630 · est 2010	£1.0k £850–£1.1k	—	£1.0k	—	16y	82	75y
BALFOUR & MANSON PROPERTY LTD.→ SC041493 · est 1964	£401 £341–£461	—	£401	—	61y	82	66y
TENNANT SCOTLAND LIMITED→ SC336557 · est 2008	—	—	—	3	18y	88	57y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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

Incorporated2019-05-24

Jurisdictionscotland

Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

First Floor, Citypoint, 65

Haymarket Terrace

Edinburgh

EH12 5HD

Scotland

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2026-06-06OVERDUE

Last: 2025-05-23

Officers (1 active · 0 resigned)

KATARIA, Swapan→

director · ~53y · appointed 2019-05-24

View their other companies + combined net worth →

Active

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

Recent filings (25 total)

gazette-filings-brought-up-to-date

gazette · DISS40

2026-05-16

accounts-with-accounts-type-micro-entity

accounts · AA

2026-05-15

gazette-notice-compulsory

gazette · GAZ1

2026-04-28

gazette-filings-brought-up-to-date

gazette · DISS40

2025-08-13

gazette-notice-compulsory

gazette · GAZ1

2025-08-12

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-08-11

accounts-with-accounts-type-micro-entity

accounts · AA

2025-02-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-09-24

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-09-10

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-07-03

gazette-filings-brought-up-to-date

gazette · DISS40

2024-05-01

accounts-with-accounts-type-micro-entity

accounts · AA

2024-04-30

gazette-notice-compulsory

gazette · GAZ1

2024-04-30

gazette-filings-brought-up-to-date

gazette · DISS40

2023-08-09

gazette-notice-compulsory

gazette · GAZ1

2023-08-08