SALTIRE CAPITAL LIMITED

💤Zombieactive
SC660404 · ltd · incorporated 2020-05-04
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
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Turnover
year to May 2025
Net worth
£26.9k
book net assets
Opportunity
69/100
Strong
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What this business does
Primary activity: Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
Sector: Financial & insurance
Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (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. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (65/100).

🏦

Refinance opportunity

7 live charges · 3 lenders · oldest 5.5y

15/100
under pressure

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

  • · Oldest live charge is 5.5 years old — likely at or near maturity.
  • · 3 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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
20 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £26,918
Cash YoY
+115%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2k
↑ 115% YoY
Net Worth
£27k
↑ 11% YoY
Current Assets
£29k
↓ 35% YoY
Current Liabilities
£0£9k£18k£27k£36k£45kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-31
Total assets£26.9k£24.3k
Current assets£29.4k£45.3k
Cash£2.3k£1.1k
Debtors£27.1k£16.1k
Net assets£26.9k£24.3k

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
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-02-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-07-29
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2025-07-22
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2025-02-21
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2024-02-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2023-05-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2022-05-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2022-05-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2022-05-10
    🔒
    Charge registered #7
    Lender: Sfrk Limited
  10. 2022-05-10
    🔒
    Charge registered #6
    Lender: Sfrk Limited
  11. 2022-01-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2021-11-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2021-11-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2021-11-19
    🔒
    Charge registered #5
    Lender: Meikle Properties Limited
  15. 2021-11-19
    🔒
    Charge registered #4
    Lender: Meikle Properties Limited
  16. 2020-10-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2020-10-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2020-10-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2020-10-21
    🔒
    Charge registered #3
    Lender: Meikle Properties Limited
  20. 2020-10-21
    🔒
    Charge registered #2
    Lender: Meikle Properties Limited
  21. 2020-10-21
    🔒
    Charge registered #1
    Lender: Boxing Dinner Club Limited
  22. 2020-05-04
    🏢
    Company incorporated
    As SALTIRE CAPITAL LIMITED
  23. 2020-05-04
    LOVAT, Timothy Edward appointed
    director
  24. 2020-05-04
    📄
    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 6 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 low
7 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Claire Ruth Miriam Lovat
Individual · British · DOB 11/1977 · age 49
75100%
75–100%board control75-100% shares · 75-100% voting · board control04/05/2020

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

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
Incorporated2020-05-04
Jurisdictionscotland
Primary SIC64921 — Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors

Registered office

C/O Robb Ferguson Regent Court
70 West Regent Street
Glasgow
G2 2QZ
United Kingdom

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-05-17
Last: 2025-05-03

Officers (1 active · 0 resigned)

LOVAT, Timothy Edward
director · ~48y · appointed 2020-05-04
View their other companies + combined net worth →
Active

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

Mortgages & charges

7
Total charges
7
Outstanding
3
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Sfrk
Sfrk Limited
A registered charge1 property10/05/2022
outstanding
Sfrk
Sfrk Limited
A registered charge1 property10/05/2022
outstanding
Meikle Properties
Meikle Properties Limited
A registered charge1 property19/11/2021
outstanding
Meikle Properties
Meikle Properties Limited
A registered charge1 property19/11/2021
outstanding
Meikle Properties
Meikle Properties Limited
A registered charge2 properties21/10/2020
outstanding
Meikle Properties
Meikle Properties Limited
A registered charge1 property21/10/2020
outstanding
Boxing Dinner Club
Boxing Dinner Club Limited
A registered charge1 property21/10/2020
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (20 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-02-27
gazette-filings-brought-up-to-date
gazette · DISS40
2025-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-28
gazette-notice-compulsory
gazette · GAZ1
2025-07-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-02-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-02-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-05-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-05-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-05-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-01-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-11-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-11-27