KEIR DEVELOPMENTS LIMITED

💤Zombieactive
SC681854 · ltd · incorporated 2020-11-24
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.
🔒Estimated value
Upgrade to see
Turnover
year to Apr 2025
Net worth
£-2.4k
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 43120Site preparation
  • 68100Buying and selling of own real estate
  • 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 76/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -98% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
15 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 declared
Negative net assets
Liabilities exceed assets by £2,393
Cash draining
Cash down 98% YoY
Cash YoY
-98%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£340
↓ 98% YoY
Net Worth
-£2k
↑ 94% YoY
Current Assets
£340
↓ 100% YoY
Current Liabilities
-£42k£99k£239k£380k£520k£661kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-062024-04-06
Total assets£-2.4k£-41.7k
Current assets£340£660.5k
Cash£340£14.3k
Debtors£504
Net assets£-2.4k£-41.7k

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
4
filings
  • 2 gazette
  • 1 accounts
  • 1 confirmation-statement
Last 180 days
5
filings
  • 2 gazette
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2026-04-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-03-18
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2026-03-10
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2025-12-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-12-06
    NANCE, Megan Jayne resigned
    director
  6. 2024-11-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-01-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-09-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-02-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2021-12-07
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  11. 2021-03-01
    NANCE, Megan Jayne appointed
    director
  12. 2020-11-24
    🏢
    Company incorporated
    As KEIR DEVELOPMENTS LIMITED
  13. 2020-11-24
    NANCE, David Alexander, Dr appointed
    director
  14. 2020-11-24
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
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.
  • +Founder age: Director aged approximately 77 — succession pressure is live.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean
No 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%
NameSharesVoting rightsNature of controlNotified
Dr David Alexander Nance
Individual · British · DOB 08/1949 · age 77
75100%
75–100%board control75-100% shares · 75-100% voting · board control24/11/2020

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

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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
Incorporated2020-11-24
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

Old Schoolhouse
Balmedie
Aberdeen
Aberdeenshire
AB23 8YS
Scotland

Filing status

Accounts
Next due: 2027-01-06
Last made up to: 2025-04-06
Confirmation statement
Next due: 2026-12-07
Last: 2025-11-23

Officers (1 active · 1 resigned)

NANCE, David Alexander, Dr
director · ~77y · appointed 2020-11-24
View their other companies + combined net worth →
Active
NANCE, Megan Jayne
director · ~70y · appointed 2021-03-01 · resigned 2025-12-06
Resigned

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

Recent filings (15 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-03
gazette-filings-brought-up-to-date
gazette · DISS40
2026-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-17
gazette-notice-compulsory
gazette · GAZ1
2026-03-10
termination-director-company-with-name-termination-date
officers · TM01
2025-12-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-06
appoint-person-director-company-with-name-date
officers · AP01
2022-02-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-12
change-account-reference-date-company-current-extended
accounts · AA01
2021-12-07
incorporation-company
incorporation · NEWINC
2020-11-24