FIRTH HIGHLAND LTD
🌿Early-stageactive
SC756995 · ltd · incorporated 2023-01-30
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
Why now
Window steady · low confidence
Asset base steady — strong defensive profile, no urgency cue.
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£21.4k
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.
Opportunity 76/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
3 active PSC(s) of 4 total, 4 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
20 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
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
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £21,395
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£21k
↑ 100% YoY
Current Assets
£28k
↑ 71% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £21.4k | £10.7k |
| Current assets | £28.3k | £16.6k |
| Net assets | £21.4k | £10.7k |
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
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
- 2025-10-08📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-10-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-02-23📄change-person-director-company-with-change-dateofficers · CH01
- 2023-02-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-02-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-02-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-02-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-02-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-02-10📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-02-10📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2023-02-06📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-02-06📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-02-06📄capital-allotment-sharescapital · SH01
- 2023-02-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-01-30🏢Company incorporatedAs FIRTH HIGHLAND LTD
- 2023-01-30➕MUNRO, Derek David appointeddirector
- 2023-01-30➕MUNRO, Neil Andrew appointeddirector
- 2023-01-30➕MUNRO, Roy appointeddirector
- 2023-01-30📄incorporation-companyincorporation · NEWINC
Owner dependency
66/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
40/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
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
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Derek David Munro Individual · British · DOB 03/1964 · age 62 | — | — | sig. influencesignificant influence | 30/01/2023 |
Mr Roy Munro Individual · British · DOB 11/1965 · age 61 | — | — | sig. influencesignificant influence | 30/01/2023 |
Mr Neil Andrew Munro Individual · British · DOB 09/1968 · age 58 | — | — | sig. influencesignificant influence | 30/01/2023 |
1 historic (ceased) PSC
- Mrs Marjorie Munroceased 10/02/2023· 25-50% shares · 25-50% voting
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 →Similar companies
Active · Property · IV postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BLAVEN LIMITED→ SC160238 · est 1995 | £1.94M £1.65M–£2.24M | — | £1.94M | — | 30y | 83 | 73y |
| REDDLEMAN PROPERTIES LIMITED→ SC210065 · est 2000 | £1.04M £882.8k–£1.19M | — | £1.04M | — | 25y | 82 | 61y |
| PURESURF LIMITED→ SC186167 · est 1998 | £839.5k £713.6k–£965.4k | — | £839.5k | — | 28y | 82 | 65y |
| GLENVICASKILL DEVELOPMENTS LIMITED→ SC235334 · est 2002 | £658.2k £559.5k–£756.9k | — | £658.2k | — | 23y | 82 | 82y |
| W. & A.B. RICHARDSON LIMITED→ SC022381 · est 1943 | £561.0k £476.8k–£645.1k | — | £561.0k | — | 83y | 82 | 63y |
| GEDDES PROPERTIES (NAIRN) LIMITED→ SC141250 · est 1992 | £538.2k £457.5k–£618.9k | — | £538.2k | — | 33y | 82 | 65y |
| FINDHORN SALMON FISHINGS LIMITED→ SC030593 · est 1955 | £291.2k £247.5k–£334.9k | — | £291.2k | — | 71y | 82 | 77y |
| FAIRFIELD PROPERTIES (INVERNESS) LTD.→ SC244714 · est 2003 | £217.0k £184.5k–£249.6k | — | £217.0k | — | 23y | 82 | 75y |
| NORTHLANDS PROPERTIES LIMITED→ SC195787 · est 1999 | £214.5k £182.3k–£246.6k | — | £214.5k | — | 27y | 83 | 59y |
| CRUACHAN FLATS LIMITED→ SC242899 · est 2003 | £148.1k £125.9k–£170.3k | — | £148.1k | — | 23y | 82 | 77y |
| BELVOIR LETTINGS (MORAY) LTD→ SC302163 · est 2006 | £124.4k £105.7k–£143.0k | — | £124.4k | — | 20y | 82 | 67y |
| CAMERON HARRIS LTD.→ SC241344 · est 2002 | £93.0k £79.0k–£106.9k | — | £93.0k | — | 23y | 82 | 78y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Incorporated2023-01-30
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Morrich House 20 Davidson Drive
Castle Avenue Industrial Estate
Invergordon
Ross-Shire
IV18 0SA
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-24
Last: 2026-02-10
Officers (3 active · 0 resigned)
MUNRO, Derek David→
Activedirector · ~62y · appointed 2023-01-30
View their other companies + combined net worth →
MUNRO, Neil Andrew→
Activedirector · ~58y · appointed 2023-01-30
View their other companies + combined net worth →
Active
Click a director name to see their full track record across all companies.
Recent filings (20 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-10
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-12
change-person-director-company-with-change-date
officers · CH01
2023-02-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-02-23
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-02-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-02-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-02-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-02-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-02-10
change-account-reference-date-company-current-extended
accounts · AA01
2023-02-10
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-06