GRANITE CITY APARTMENTS LTD
💤Zombieactive
SC647764 · ltd · incorporated 2019-11-21
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 Nov 2025
Net worth
£-9.1k
book net assets
Opportunity
67/100
Strong
What this business does
Primary activity: Hotels and similar accommodation
Sector: Accommodation & food service
ALSO REGISTERED FOR
- 55900Other accommodation
- 68209Other letting and operating of own or leased real estate
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 67/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
13 live charges · 4 lenders · oldest 5.1y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 5.1 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · 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, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
13 charges (13/13 with lender, 13/13 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
42 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £9,144
Net assets shrinking
Down £19,649 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
-£9k
↓ 187% YoY
Current Assets
£62k
↑ 897% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-11-30 | 2024-11-30 |
|---|---|---|
| Total assets | £453.6k | £402.7k |
| Current assets | £61.7k | £6.2k |
| Net assets | £-9.1k | £10.5k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
3
filings
- • 1 confirmation-statement
- • 1 officers
- • 1 address
Last 90 days
3
filings
- • 1 confirmation-statement
- • 1 officers
- • 1 address
Last 180 days
11
filings
- • 5 persons-with-significant-control
- • 2 mortgage
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
- 2026-04-15📄change-person-director-company-with-change-dateofficers · CH01
- 2026-04-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-01-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-01-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-01-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-01-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-01-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-01-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-11-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-11-06🔒Charge registered #13Lender: Together Commercial Finance Limited
- 2025-11-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-11-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-31🔒Charge registered #12Lender: Together Commercial Finance Limited
- 2025-10-31🔒Charge registered #11Lender: Together Commercial Finance Limited
- 2025-08-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-08-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-07-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-14➖NARBUTIS, Arturas resigneddirector
- 2024-07-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-26🔒Charge registered #10Lender: Together Commercial Finance Limited
- 2023-12-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-11-29🔒Charge registered #9Lender: Paratus Amc Limited
- 2023-10-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-10-19🔓Charge satisfied #3
- 2023-08-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-04-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-04-07🔒Charge registered #8Lender: Together Commercial Finance Limited
- 2023-01-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-01-18🔒Charge registered #7Lender: Paratus Amc Limited
- 2022-11-30🔒Charge registered #6Lender: Paratus Amc Limited
- 2022-11-29🔒Charge registered #5Lender: Paratus Amc Limited
- 2022-10-03🔒Charge registered #4Lender: The Mortgage Lender Limited
- 2022-08-31🔒Charge registered #3Lender: Together Commercial Finance Limited
- 2022-08-25🔒Charge registered #2Lender: Together Commercial Finance Limited
- 2021-03-25🔒Charge registered #1Lender: Aldermore Bank PLC
- 2020-09-10➕DOBROVOLSKIS, Edvinas appointeddirector
- 2019-11-21🏢Company incorporatedAs GRANITE CITY APARTMENTS LTD
- 2019-11-21➕NARBUTIS, Arturas appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial 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 signalSome 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 med · 1 low3 new charges in last 12 months
mediumHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2025-11-06: A registered charge; 2025-10-31: A registered charge; 2025-10-31: A registered charge
12 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Edvinas Dobrovolskis Individual · Lithuanian · DOB 05/1988 · age 38 | 50–75% | 50–75% | board control50-75% shares · 50-75% voting · board control | 01/06/2022 |
Mr Arturas Narbutis Individual · Lithuanian · DOB 08/1986 · age 40 | 50–75% | 50–75% | board control50-75% shares · 50-75% voting · board control | 21/11/2019 |
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 · Hospitality · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| PETERSVILLE LTD→ SC866064 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PITCAPLE LODGE RETREATS LTD→ SC761262 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| PIZZA PLACE (STONEHAVEN) LTD→ SC668687 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| PLATFORM 5 CAFE LTD→ SC667566 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| PORTCULLIS COMPANY LTD→ SC724344 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| PR PARSA LTD→ SC868798 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PROPERTY PORTFOLIO (ABERDEEN) LIMITED→ SC319330 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| PROTA INVESTMENTS LIMITED→ SC723230 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| R C STONEHAVEN LIMITED→ SC617517 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| R NICOLL LIMITED→ SC751280 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| RAIDEN TRADING LTD→ SC658511 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| RANDA LIMITED→ SC320331 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2019-11-21
Jurisdictionscotland
Primary SIC55100 — Hotels and similar accommodation
Registered office
15-17 Commerce Street
Aberdeen
AB11 5EU
Scotland
Filing status
Accounts
Next due: 2027-08-31
Last made up to: 2025-11-30
Confirmation statement
Next due: 2027-04-18
Last: 2026-04-04
Officers (1 active · 1 resigned)
DOBROVOLSKIS, Edvinas→
Activedirector · ~38y · appointed 2020-09-10
View their other companies + combined net worth →
NARBUTIS, Arturas→
Resigneddirector · ~40y · appointed 2019-11-21 · resigned 2024-07-14
Click a director name to see their full track record across all companies.
Mortgages & charges
13
Total charges
12
Outstanding
4
Active lenders
Status:Lender:13 of 13 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 06/11/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | — | 31/10/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 31/10/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 26/06/2024 | — | |
| outstanding | Paratus Amc Paratus Amc Limited | A registered charge | 1 property | 29/11/2023 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 5 properties | 07/04/2023 | — | |
| outstanding | Paratus Amc Paratus Amc Limited | A registered charge | 1 property | 18/01/2023 | — | |
| outstanding | Paratus Amc Paratus Amc Limited | A registered charge | 1 property | 30/11/2022 | — | |
| outstanding | Paratus Amc Paratus Amc Limited | A registered charge | 2 properties | 29/11/2022 | — | |
| outstanding | The Mortgage Lender The Mortgage Lender Limited | A registered charge | 1 property | 03/10/2022 | — | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 31/08/2022 | 19/10/2023 | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | — | 25/08/2022 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 25/03/2021 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (42 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-15
change-person-director-company-with-change-date
officers · CH01
2026-04-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-15
accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-03
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-04
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-03