LORIMER & KELLIE LTD

💤Zombieactive
SC699980 · ltd · incorporated 2021-05-27
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 Sept 2024
Net worth
book net assets
Opportunity
68/100
Strong
🔔
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What this business does
Primary activity: Manufacture of other builders' carpentry and joinery
Sector: Manufacturing
Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 68/100 (strong), bankability 70/100. 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).

Data confidence

Overall: medium (75/100)

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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
18 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
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
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-30

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 (16 events)Click to expand
  1. 2025-09-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-06-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-04-29
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  4. 2024-10-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-04-30
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  6. 2024-04-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2024-04-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2024-01-17
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  9. 2023-12-11
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2023-12-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2023-06-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2023-04-04
    📄
    capital-alter-shares-subdivision
    capital · SH02
  13. 2023-01-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2021-05-27
    🏢
    Company incorporated
    As LORIMER & KELLIE LTD
  15. 2021-05-27
    IVINSON, Mark William appointed
    director
  16. 2021-05-27
    📄
    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 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-04-29: certificate-change-of-name-company

Group structure

Terpex Intermediate 1 Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Terpex Intermediate 1 Ltd
Corporate parent · holds 75-100% shares
ultimate parent
LORIMER & KELLIE LTD
This company · SC699980

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Terpex Intermediate 1 Ltd
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting05/06/2023
2 historic (ceased) PSCs
  • Mr Mark William Ivinsonceased 27/03/2023· 25-50% shares · 25-50% voting · board control
  • Mr Jonathan Hughson Blurtonceased 27/03/2023· 25-50% shares · 25-50% voting · board control

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

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
Incorporated2021-05-27
Jurisdictionscotland
Primary SIC16230 — Manufacture of other builders' carpentry and joinery

Registered office

22 Academy Street
Edinburgh
EH6 7EF
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-06-09
Last: 2025-05-26

Officers (1 active · 0 resigned)

IVINSON, Mark William
director · ~37y · appointed 2021-05-27
View their other companies + combined net worth →
Active

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

Recent filings (18 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-04
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-27
certificate-change-of-name-company
change-of-name · CERTNM
2025-04-29
change-person-director-company-with-change-date
officers · CH01
2024-10-17
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-03
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-04-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-30
change-account-reference-date-company-current-extended
accounts · AA01
2024-01-17
accounts-with-accounts-type-dormant
accounts · AA
2023-12-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-21
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-31
capital-alter-shares-subdivision
capital · SH02
2023-04-04