KALSOY LTD
💤Zombieactive
SC699261 · ltd · incorporated 2021-05-19
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
£12.1k
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 72/100 (strong), bankability 60/100. 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
4 live charges · 2 lenders · oldest 2.2y
0/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 2.2 years old — likely still in initial term.
- · Two lenders — manageable, but coordination required.
- · 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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 6 with DOB)
90
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
36 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 · accounting standard not declaredPositive net assets
Net assets £12,064
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£12k
↑ 56% YoY
Current Assets
£108k
↓ 12% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £155.2k | £155.8k |
| Current assets | £108.3k | £123.3k |
| Net assets | £12.1k | £7.7k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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 (37 events)Click to expand
- 2026-02-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-11-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-23🔒Charge registered #4Lender: Scotlend (Sb) Limited
- 2025-10-17🔒Charge registered #3Lender: Scotlend (Sb) Limited
- 2025-07-16📄capital-allotment-sharescapital · SH01
- 2025-06-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-05-15📄capital-allotment-sharescapital · SH01
- 2025-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-02-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-02-14➖ANDERSON, Claire resigneddirector
- 2024-05-21📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-05-08➕ANDERSON, Claire appointeddirector
- 2024-03-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-14🔒Charge registered #2Lender: Lowry Capital Limited
- 2024-03-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-06🔒Charge registered #1Lender: Lowry Capital Limited
- 2024-02-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-02-08📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-02-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-02-08📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-02-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-02-06➕CORDINER, Peter Alexander appointeddirector
- 2024-02-06➖ANDERSON, Claire resigneddirector
- 2024-01-19➖CORDINER, Peter Alexander resigneddirector
- 2024-01-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-01-19📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-11-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-02-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-02-10➕CORDINER, Peter Alexander appointeddirector
- 2023-01-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-01-20➖CORDINER, Peter Alexander resigneddirector
- 2022-02-15➕CORDINER, Peter Alexander appointeddirector
- 2022-01-20➕ANDERSON, Claire appointeddirector
- 2022-01-20➖CORDINER, Peter Alexander resigneddirector
- 2021-05-19🏢Company incorporatedAs KALSOY LTD
- 2021-05-19➕CORDINER, Peter Alexander appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial 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 signalSome 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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Peter Alexander Cordiner Individual · British · DOB 04/1980 · age 46 | 25–50% | — | 25-50% shares | 06/02/2024 |
3 historic (ceased) PSCs
- Mr Peter Alexander Cordinerceased 19/01/2024· significant influence
- Mrs Claire Andersonceased 06/02/2024· significant influence
- Mr Peter Alexander Cordinerceased 20/01/2022· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| KOUGNI INVESTMENTS LTD→ SC750005 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| KSL PROPERTY MANAGEMENT LTD→ SC453513 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| KUSBIA & LANDA PROPERTIES LTD→ SC582357 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| KUSHIE LTD→ SC720575 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| KUTO PROPERTIES LIMITED→ SC784116 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| KW LETS LTD→ SC529095 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| KWALMER PROPERTY INVESTMENTS LIMITED→ SC717555 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| KWATPROPERTY LTD→ SC836996 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| L A M HOLDINGS LTD→ SC663614 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| L'ARTIGIANO EDINBURGH LTD→ SC700457 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| LA FORTUNA LTD→ SC642674 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| LA RIPOSTE LIMITED→ SC564244 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Incorporated2021-05-19
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
5 South Charlotte Street
Edinburgh
EH2 4AN
Scotland
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-07-30
Last: 2025-07-16
Officers (1 active · 5 resigned)
CORDINER, Peter Alexander→
Activedirector · ~46y · appointed 2024-02-06
View their other companies + combined net worth →
ANDERSON, Claire→
Resigneddirector · ~43y · appointed 2024-05-08 · resigned 2025-02-14
ANDERSON, Claire→
Resigneddirector · ~43y · appointed 2022-01-20 · resigned 2024-02-06
CORDINER, Peter Alexander→
Resigneddirector · ~46y · appointed 2023-02-10 · resigned 2024-01-19
CORDINER, Peter Alexander→
Resigneddirector · ~46y · appointed 2022-02-15 · resigned 2023-01-20
CORDINER, Peter Alexander→
Resigneddirector · ~46y · appointed 2021-05-19 · resigned 2022-01-20
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
4
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Scotlend (Sb) Scotlend (Sb) Limited | A registered charge | 1 property | 23/10/2025 | — | |
| outstanding | Scotlend (Sb) Scotlend (Sb) Limited | A registered charge | — | 17/10/2025 | — | |
| outstanding | Lowry Capital Lowry Capital Limited | A registered charge | 1 property | 14/03/2024 | — | |
| outstanding | Lowry Capital Lowry Capital Limited | A registered charge | — | 06/03/2024 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (36 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-25
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-16
capital-allotment-shares
capital · SH01
2025-07-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-06-12
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-29
capital-allotment-shares
capital · SH01
2025-05-15
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-28
termination-director-company-with-name-termination-date
officers · TM01
2025-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-21
appoint-person-director-company-with-name-date
officers · AP01
2024-05-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-13
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-15