CORRAN (ST ANDREWS) LTD

💤Zombieactive
SC689400 · ltd · incorporated 2021-02-17
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 Mar 2025
Net worth
£746.4k
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Residents property management
Sector: Activities of households
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 5.0y

30/100
under pressure

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

  • · Oldest live charge is 5.0 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · 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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 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
18 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
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 £746,429
Cash YoY
+39%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£60k
↑ 39% YoY
Net Worth
£746k
↑ 24390% YoY
Current Assets
£60k
Current Liabilities
-£3k£147k£297k£447k£597k£746kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£763.0k£9.6k
Current assets£60.1k
Cash£60.0k£43.1k
Debtors£31
Net assets£746.4k£-3.1k

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

🔒Filing-note intelligence

2 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
0
filings
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2025-08-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-06-02
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2025-06-02
    🔓
    Charge satisfied #2
  4. 2024-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-02-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2024-02-23
    🔓
    Charge satisfied #1
  7. 2023-08-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-10-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-10-19
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  10. 2021-08-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2021-08-26
    🔒
    Charge registered #2
    Lender: Hampden & Co. PLC
  12. 2021-07-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  13. 2021-04-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2021-04-23
    🔒
    Charge registered #1
    Lender: Hampden & Co PLC, 9 Charlotte Square, Edinburgh, EH2 4DR
  15. 2021-02-19
    📄
    resolution
    resolution · RESOLUTIONS
  16. 2021-02-17
    🏢
    Company incorporated
    As CORRAN (ST ANDREWS) LTD
  17. 2021-02-17
    BALL, Nicholas Spencer appointed
    director
  18. 2021-02-17
    📄
    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 5 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

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

🏛️
Corran Properties Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
CORRAN (ST ANDREWS) LTD
This company · SC689400

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

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Corran Properties Ltd
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control19/02/2021
Mr Nicholas Spencer Ball
Individual · British · DOB 02/1971 · age 55
sig. influencesignificant influence17/02/2021

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

7 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
Incorporated2021-02-17
Jurisdictionscotland
Primary SIC98000 — Residents property management

Registered office

18 Charlotte Square
Edinburgh
EH2 4DF
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-09
Last: 2026-02-23

Officers (1 active · 0 resigned)

BALL, Nicholas Spencer
director · ~55y · appointed 2021-02-17
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Hampden & Co.
Hampden & Co. PLC
A registered charge1 property26/08/202102/06/2025
satisfied
Hampden & Co , 9 Charlotte Square, Edinburgh, EH2 4DR
Hampden & Co PLC, 9 Charlotte Square, Edinburgh, EH2 4DR
A registered charge1 property23/04/202123/02/2024

Recent filings (18 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-07
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-07
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-15
change-account-reference-date-company-current-extended
accounts · AA01
2021-10-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-08-31
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2021-07-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-04-23