KILMARONOCK STUD UNLIMITED

💤Zombieactive
SC693137 · private-unlimited · incorporated 2021-03-23
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 Mar 2025
Net worth
£-598.8k
book net assets
Opportunity
64/100
Worth a look
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What this business does
Primary activity: SIC 01621
Sector: Agriculture, forestry & fishing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 64/100 (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: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (70/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
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 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £598,807

Key financials

1 year extracted from filed iXBRL accounts
Cash
£1k
Net Worth
-£599k
Current Assets
£420k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-31
Total assets£-598.8k
Current assets£419.9k
Cash£1.4k
Debtors£3.5k
Net assets£-598.8k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (13 events)Click to expand
  1. 2025-08-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2022-09-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2022-08-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2022-08-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2022-08-25
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2022-08-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2022-08-01
    GILLESPIE, James Stevenson Cassels resigned
    director
  8. 2022-06-17
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  9. 2022-06-07
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  10. 2021-03-23
    🏢
    Company incorporated
    As KILMARONOCK STUD UNLIMITED
  11. 2021-03-23
    GILLESPIE, Elizabeth Graham appointed
    director
  12. 2021-03-23
    GILLESPIE, James Stevenson Cassels appointed
    director
  13. 2021-03-23
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material 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 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: 2026-04-05

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Elizabeth Graham Gillespie
Individual · British · DOB 02/1969 · age 57
2550%
25–50%25-50% shares · 25-50% voting23/03/2021
1 historic (ceased) PSC
  • James Stevenson Cassels Gillespieceased 22/03/2022· 25-50% shares · 25-50% voting · firm interest

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
Typeprivate-unlimited
Incorporated2021-03-23
Jurisdictionscotland
Primary SIC01621 — SIC 01621

Registered office

Kilmaronock Stables
Gartocharn
Alexandria
G83 8SB

Filing status

Accounts
Next due:
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-04-05OVERDUE
Last: 2025-03-22

Officers (1 active · 1 resigned)

GILLESPIE, Elizabeth Graham
director · ~57y · appointed 2021-03-23
View their other companies + combined net worth →
Active
GILLESPIE, James Stevenson Cassels
director · ~67y · appointed 2021-03-23 · resigned 2022-08-01
Resigned

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

Recent filings (13 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-02
termination-director-company-with-name-termination-date
officers · TM01
2022-09-30
change-person-director-company-with-change-date
officers · CH01
2022-08-26
change-person-director-company-with-change-date
officers · CH01
2022-08-26
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-08-25
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-08-18
gazette-filings-brought-up-to-date
gazette · DISS40
2022-06-17
gazette-notice-compulsory
gazette · GAZ1
2022-06-07
incorporation-company
incorporation · NEWINC
2021-03-23