LARP PROPERTIES LTD

💤Zombieactive
SC698229 · ltd · incorporated 2021-05-10
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 May 2025
Net worth
£10.4k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and bankable structure.

Opportunity 72/100 (strong), bankability 75/100. 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 · oldest 4.8y

35/100
under pressure

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

  • · Charge age ~4.8 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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, 2 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
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
11 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
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £10,403

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£10k
↑ 84% YoY
Current Assets
£6k
↑ 376% YoY
Current Liabilities
£0£2k£4k£6k£8k£10kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-05-312024-05-31
Total assets£157.5k£153.7k
Current assets£6.3k£1.3k
Net assets£10.4k£5.7k

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
0
filings
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
  1. 2025-12-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-11-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-03-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2024-03-08
    🔒
    Charge registered #2
    Lender: The Mortgage Works (UK) PLC
  5. 2024-01-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-02-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-07-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2021-07-24
    🔒
    Charge registered #1
    Lender: The Mortgage Works (UK) PLC
  9. 2021-05-10
    🏢
    Company incorporated
    As LARP PROPERTIES LTD
  10. 2021-05-10
    PULLAR, Stephen Robert appointed
    director
  11. 2021-05-10
    📄
    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

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
Mr Stephen Robert Pullar
Individual · Scottish · DOB 02/1991 · age 35
75100%
75–100%board control75-100% shares · 75-100% voting · board control10/05/2021

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
Incorporated2021-05-10
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

21 Fernie Gardens
Broughty Ferry
Dundee
DD5 3BU
Scotland

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-05-23
Last: 2025-05-09

Officers (1 active · 0 resigned)

PULLAR, Stephen Robert
director · ~35y · appointed 2021-05-10
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
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property08/03/2024
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property24/07/2021
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (11 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-21
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-19
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-07-31
incorporation-company
incorporation · NEWINC
2021-05-10