GOWANBANK DEVELOPMENTS LLP

💤Zombieactive
SO300665 · llp · incorporated 2005-07-07
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 Mar 2025
Net worth
£67.8k
book net assets
Opportunity
70/100
Strong
🔔
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Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 70/100 (strong), bankability 85/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

3 live charges · oldest 20.2y

45/100
under pressure

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

  • · Oldest live charge is 20.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (69/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, no SIC, incorporation date
80
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
9 officers (8 active, 9 linked, 9 with DOB)
90
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
58 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £67,805
Net assets shrinking
Down £7,733 YoY
Cash YoY
+3%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£187
↑ 2.7% YoY
Net Worth
£68k
↓ 10% YoY
Current Assets
—
Current Liabilities
—
£0£15k£30k£45k£60k£76kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Cash£187£182
Net assets£67.8k£75.5k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 signals 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 (42 events)Click to expand
  1. 2025-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-08-19
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  3. 2025-07-07
    📍
    change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
    address · LLAD01
  4. 2024-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-08-10
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  6. 2024-04-10
    📄
    change-account-reference-date-limited-liability-partnership-previous-shortened
    accounts · LLAA01
  7. 2023-08-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-08-09
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  9. 2023-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-08-10
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  11. 2022-03-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-10-05
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  13. 2021-10-05
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  14. 2021-08-08
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  15. 2021-04-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2020-07-08
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  17. 2019-10-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2019-07-08
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  19. 2018-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2018-11-19
    📍
    change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
    address · LLAD01
  21. 2018-07-09
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  22. 2017-10-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2017-07-07
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  24. 2017-01-20
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  25. 2016-07-08
    📄
    confirmation-statement-with-updates
    confirmation-statement · LLCS01
  26. 2016-01-08
    🔓
    Charge satisfied #3
  27. 2016-01-08
    🔓
    Charge satisfied #2
  28. 2013-02-27
    🔓
    Charge satisfied #1
  29. 2010-07-04
    ➖
    MCFARLANE, Judy Hill resigned
    llp-designated-member
  30. 2006-10-12
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  31. 2006-09-13
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  32. 2006-02-01
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  33. 2005-07-07
    🏢
    Company incorporated
    As GOWANBANK DEVELOPMENTS LLP
  34. 2005-07-07
    ➕
    HARPER, Richard George appointed
    llp-designated-member
  35. 2005-07-07
    ➕
    JOHNSTON, James appointed
    llp-designated-member
  36. 2005-07-07
    ➕
    KERMACK, Lewis appointed
    llp-designated-member
  37. 2005-07-07
    ➕
    MCFARLANE, Graham James appointed
    llp-designated-member
  38. 2005-07-07
    ➕
    MILNE, John David appointed
    llp-designated-member
  39. 2005-07-07
    ➕
    TITTERINGTON, John Kenneth appointed
    llp-designated-member
  40. 2005-07-07
    ➕
    TITTERINGTON, Margaret Caroline appointed
    llp-designated-member
  41. 2005-07-07
    ➕
    WALLACE, Iain Stuart appointed
    llp-designated-member
  42. 2005-07-07
    ➕
    MCFARLANE, Judy Hill appointed
    llp-designated-member

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

40/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryStable-but-static management: Company is 21 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Typellp
Incorporated2005-07-07
Jurisdictionscotland
Primary SIC—

Registered office

1 Rathmell Gardens
Gowanbank
Forfar
DD8 2US
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-21
Last: 2025-07-07

Officers (8 active · 1 resigned)

HARPER, Richard George→
llp-designated-member · ~58y · appointed 2005-07-07
View their other companies + combined net worth →
Active
JOHNSTON, James→
llp-designated-member · ~79y · appointed 2005-07-07
View their other companies + combined net worth →
Active
KERMACK, Lewis→
llp-designated-member · ~59y · appointed 2005-07-07
View their other companies + combined net worth →
Active
MCFARLANE, Graham James→
llp-designated-member · ~78y · appointed 2005-07-07
View their other companies + combined net worth →
Active
MILNE, John David→
llp-designated-member · ~83y · appointed 2005-07-07
View their other companies + combined net worth →
Active
TITTERINGTON, John Kenneth→
llp-designated-member · ~83y · appointed 2005-07-07
View their other companies + combined net worth →
Active
TITTERINGTON, Margaret Caroline→
llp-designated-member · ~75y · appointed 2005-07-07
View their other companies + combined net worth →
Active
WALLACE, Iain Stuart→
llp-designated-member · ~71y · appointed 2005-07-07
View their other companies + combined net worth →
Active
MCFARLANE, Judy Hill→
llp-designated-member · ~78y · appointed 2005-07-07 · resigned 2010-07-04
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property12/10/200608/01/2016
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property13/09/200608/01/2016
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property01/02/200627/02/2013

Recent filings (58 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-12
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-08-19
change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
address · LLAD01
2025-07-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-23
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-08-10
change-account-reference-date-limited-liability-partnership-previous-shortened
accounts · LLAA01
2024-04-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-24
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-08-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-28
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-08-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-16
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2021-10-05
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2021-10-05
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2021-08-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-06