L.S.C. FLEET MAINTENANCE LTD
💤Zombieactive
SC751112 · ltd · incorporated 2022-11-22
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 Nov 2024
Net worth
£105.7k
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: SIC 45200
Sector: Wholesale & retail
Investor take
PursueActive trading company with a 67-year-old founder — textbook succession opportunity.
Opportunity 76/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 67). 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 (73/100).
🏦
Refinance opportunity
2 live charges · oldest 1.5y
10/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 1.5 years old — likely still in initial term.
- · 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, 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
1 active PSC(s) of 1 total, 1 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
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £105,668
Key financials
2 years extracted from filed iXBRL accountsCash
£49k
Net Worth
£106k
↑ 10566700% YoY
Current Assets
£122k
↑ 2931% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £494.5k | £1 |
| Current assets | £122.1k | £4.0k |
| Cash | £48.9k | — |
| Debtors | £73.2k | — |
| Net assets | £105.7k | £1 |
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
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
- 2025-08-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-11-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-11-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-11-13🔒Charge registered #2Lender: Allica Bank Limited
- 2024-11-07🔒Charge registered #1Lender: Allica Bank Limited
- 2024-08-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-07-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-07-12📄resolutionresolution · RESOLUTIONS
- 2024-07-11📄administrative-restoration-companyrestoration · RT01
- 2024-04-23📄gazette-dissolved-compulsorygazette · GAZ2
- 2024-02-06📄gazette-notice-compulsorygazette · GAZ1
- 2022-11-22🏢Company incorporatedAs L.S.C. FLEET MAINTENANCE LTD
- 2022-11-22➕CORRIGAN, Leonard Stephen appointeddirector
- 2022-11-22📄incorporation-companyincorporation · NEWINC
Owner dependency
90/100
Critical — business is the founderThe 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.
- +Founder age: Director aged approximately 67 — succession pressure is live.
Succession & seller-readiness
65/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
- 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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Leonard Stephen Corrigan Individual · British · DOB 01/1959 · age 67 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 22/11/2022 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| L4 TINTS LTD→ SC718718 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
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| PRESERVE & PROTECT LIMITED→ SC651243 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| PRESTIGE JAGUAR LIMITED→ SC406239 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| R & M INJECTION SERVICES LIMITED→ SC556894 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| R.L. MECHANICAL SERVICES LIMITED→ SC881062 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| RALTEC ARC LTD→ SC745077 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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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
Incorporated2022-11-22
Jurisdictionscotland
Primary SIC45200 — SIC 45200
Registered office
2 Craigends Road
Houston
Johnstone
PA6 7BB
Scotland
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-11-21
Last: 2025-11-07
Officers (1 active · 0 resigned)
CORRIGAN, Leonard Stephen→
Activedirector · ~67y · appointed 2022-11-22
View their other companies + combined net worth →
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Allica Bank Allica Bank Limited | A registered charge | 1 property | 13/11/2024 | — | |
| outstanding | Allica Bank Allica Bank Limited | A registered charge | — | 07/11/2024 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (13 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-08-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-07
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-26
resolution
resolution · RESOLUTIONS
2024-07-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-11
administrative-restoration-company
restoration · RT01
2024-07-11
gazette-dissolved-compulsory
gazette · GAZ2
2024-04-23
gazette-notice-compulsory
gazette · GAZ1
2024-02-06
incorporation-company
incorporation · NEWINC
2022-11-22