CITY 06 LLP

💤Zombieactive

SO301349 · llp · incorporated 2007-05-18

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 2024

Net worth

—

book net assets

Opportunity

64/100

Worth a look

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 70/100. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

1 live charge · oldest 19.0y

45/100

under pressure

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

· Oldest live charge is 19.0 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (68/100)

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

Company profile

address, no SIC, incorporation date

Financials

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

6 officers (5 active, 6 linked, 3 with DOB)

Ownership & PSC

2 active PSC(s) of 4 total, 4 with control declared

Director network

Network not yet resolved

Filing history

49 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

64/100Worth a look

PassWatchWorth a lookStrongExceptional

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts

Cash

£93k

Net Worth

—

Current Assets

£129k

Current Liabilities

—

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-03-31
Current assets	£129.3k
Cash	£92.7k
Debtors	£36.6k

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

filings

Last 90 days

filings

• 1 gazette
• 1 dissolution

Last 180 days

filings

• 1 gazette
• 1 dissolution
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (34 events)Click to expand

2026-03-31
📄
gazette-notice-voluntary
gazette · GAZ1(A)
2026-03-19
📄
dissolution-application-strike-off-limited-liability-partnership
dissolution · LLDS01
2025-12-22
📄
change-account-reference-date-limited-liability-partnership-previous-extended
accounts · LLAA01
2025-06-23
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-12-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-24
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-11-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-17
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-12-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-20
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-06-20
📄
notification-of-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC02
2022-06-17
📄
cessation-of-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC07
2022-06-17
📄
cessation-of-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC07
2022-06-17
📄
appoint-corporate-member-limited-liability-partnership-with-appointment-date
officers · LLAP02
2022-06-17
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2021-12-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-27
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2021-03-02
➕
A C F SPORTS PROMOTIONS LIMITED appointed
corporate-llp-member
2021-03-02
➖
THE FAIRFIELDS TRUST resigned
corporate-llp-member
2020-11-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-20
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2020-01-16
📍
change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
address · LLAD01
2019-12-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-05-24
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2018-08-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-05-18
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2017-08-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2007-05-31
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
2007-05-18
🏢
Company incorporated
As CITY 06 LLP
2007-05-18
➕
DALGARNO, Leslie Scott appointed
llp-designated-member
2007-05-18
➕
MCKECHNIE, Stephen John appointed
llp-designated-member
2007-05-18
➕
DALGARNO, Linda Gertrude appointed
llp-member
2007-05-18
➕
MACBAY LIMITED appointed
corporate-llp-member
2007-05-18
➕
THE FAIRFIELDS TRUST appointed
corporate-llp-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 19 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-31

Group structure

A C F Sports Promotions Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️

A C F Sports Promotions Limited

Corporate parent

⬇

CITY 06 LLP

This company · SO301349

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

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
A C F Sports Promotions Limited Corporate entity	—	25–50%	25-50% voting	02/03/2021
Stephen Mckechnie Individual · British · DOB 09/1968 · age 58	—	25–50%	25-50% voting	06/04/2016

2 historic (ceased) PSCs

Sir Alexander Chapman Fergusonceased 02/03/2021· 25-50% voting · trust interest
Macbay Limitedceased 02/03/2021· 25-50% voting

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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

Typellp

Incorporated2007-05-18

Jurisdictionscotland

Primary SIC—

Registered office

18 Hillview Terrace

Cults

Aberdeen

AB15 9HJ

Scotland

Filing status

Accounts

Next due: 2026-06-30

Last made up to: 2024-03-31

Confirmation statement

Next due: 2026-05-31OVERDUE

Last: 2025-05-17