TAY HOTEL (DUNDEE) LLP

💤Zombieactive
SO303564 · llp · incorporated 2011-09-21
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
—
book net assets
Opportunity
70/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

8 live charges · 6 lenders · oldest 14.0y

15/100
under pressure

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

  • · Oldest live charge is 14.0 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (76/100)

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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
6 officers (4 active, 6 linked, 3 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
65 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees00

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

🔒Filing-note intelligence

2 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
2
filings
  • • 1 officers
  • • 1 persons-with-significant-control
Last 180 days
7
filings
  • • 3 officers
  • • 3 persons-with-significant-control
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (48 events)Click to expand
  1. 2026-03-31
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  2. 2026-03-31
    📄
    change-to-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC04
  3. 2026-01-21
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  4. 2026-01-21
    📄
    change-to-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC04
  5. 2025-12-15
    📄
    change-to-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC04
  6. 2025-12-15
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  7. 2025-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2025-09-22
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  9. 2025-07-09
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  10. 2025-07-09
    📄
    change-to-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC04
  11. 2025-05-13
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  12. 2024-11-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2024-09-23
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  14. 2023-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2023-09-21
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  16. 2023-09-05
    📄
    change-to-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC04
  17. 2023-08-07
    📄
    change-to-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC04
  18. 2023-08-07
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  19. 2022-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2022-10-04
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  21. 2022-03-10
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  22. 2022-03-10
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  23. 2022-03-10
    🔓
    Charge satisfied #6
  24. 2022-03-10
    🔓
    Charge satisfied #5
  25. 2022-01-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  26. 2021-12-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  27. 2021-12-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  28. 2021-12-24
    🔒
    Charge registered #8
    Lender: Cynergy Bank Limited
  29. 2021-12-14
    🔒
    Charge registered #7
    Lender: Cynergy Bank Limited
  30. 2021-12-01
    ➕
    PEN HILL DUNDEE LIMITED appointed
    corporate-llp-member
  31. 2017-08-18
    🔓
    Charge satisfied #1
  32. 2017-08-08
    🔒
    Charge registered #6
    Lender: Aib Group (UK) PLC
  33. 2017-08-08
    🔓
    Charge satisfied #4
  34. 2017-08-08
    🔓
    Charge satisfied #3
  35. 2017-08-01
    🔒
    Charge registered #5
    Lender: Aib Group (UK) P.L.C.
  36. 2015-06-04
    🔒
    Charge registered #4
    Lender: The Co-Operative Bank PLC
  37. 2014-04-09
    ➕
    M.E.C. HOLDINGS (SCOTLAND) LIMITED appointed
    corporate-llp-member
  38. 2014-04-09
    ➖
    M.E.C. SERVICES (INTERNATIONAL) LIMITED resigned
    corporate-llp-member
  39. 2013-10-12
    🔓
    Charge satisfied #2
  40. 2012-10-12
    🔒
    Charge registered #3
    Lender: The Co-Operative Bank PLC
  41. 2012-05-15
    🔒
    Charge registered #1
    Lender: Co-Operative Bank PLC
  42. 2012-05-14
    🔒
    Charge registered #2
    Lender: Interserve Construction Limited
  43. 2012-01-19
    ➕
    ADAIR, Robert Fredrik Martin appointed
    llp-designated-member
  44. 2012-01-19
    ➕
    M.E.C. SERVICES (INTERNATIONAL) LIMITED appointed
    corporate-llp-member
  45. 2012-01-18
    ➖
    CAROLAN, Elaine Frances resigned
    llp-designated-member
  46. 2011-09-21
    🏢
    Company incorporated
    As TAY HOTEL (DUNDEE) LLP
  47. 2011-09-21
    ➕
    CAROLAN, Michael appointed
    llp-designated-member
  48. 2011-09-21
    ➕
    CAROLAN, Elaine Frances 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

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

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.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Michael Carolan
Individual · British · DOB 02/1959 · age 67
——control reported06/04/2016
Mr Robert Fredrik Martin Adair
Individual · British · DOB 11/1956 · age 70
——control reported06/04/2016

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

Similar companies

Active · same sector · DD postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
WARD ROAD GYM SPORTS DEVELOPMENT (DUNDEE)→
SC240857 · est 2002 · no financials extracted
————23y——
WILLIAM REE & PARTNERS LIMITED→
SC250440 · est 2003 · no financials extracted
————22y——
WILLIAMS COURIER DELIVERY SERVICE LIMITED→
SC740026 · est 2022 · no financials extracted
————3y——
WILLROCK OVERSEAS L.P.→
SL022447 · est 2015 · no financials extracted
————10y——
X-ECOSSE LIMITED→
SC137820 · est 1992 · no financials extracted
————34y——
X-SPAND LTD→
SC599133 · est 2018 · no financials extracted
————7y——
X10 CONSULTING LIMITED→
SC275035 · est 2004 · no financials extracted
————21y——
X12 GROUP LIMITED→
SC836357 · est 2025 · no financials extracted
————1y——
XBS TAYSIDE LTD→
SC794538 · est 2024 · no financials extracted
————2y——
XIAODAN LIMITED→
SC655927 · est 2020 · no financials extracted
————6y——
XIOM SCOTLAND LIMITED→
SC317164 · est 2007 · no financials extracted
————19y——
XLR8 ADVISORY LTD→
SC793171 · est 2023 · no financials extracted
————2y——
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
Incorporated2011-09-21
Jurisdictionscotland
Primary SIC—

Registered office

Chapelshade House
78-84 Bell Street
Dundee
Tayside
DD1 1HN

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-05
Last: 2025-09-21

Officers (4 active · 2 resigned)

ADAIR, Robert Fredrik Martin→
llp-designated-member · ~70y · appointed 2012-01-19
View their other companies + combined net worth →
Active
CAROLAN, Michael→
llp-designated-member · ~67y · appointed 2011-09-21
View their other companies + combined net worth →
Active
M.E.C. HOLDINGS (SCOTLAND) LIMITED→
corporate-llp-member · appointed 2014-04-09
View their other companies + combined net worth →
Active
PEN HILL DUNDEE LIMITED→
corporate-llp-member · appointed 2021-12-01
View their other companies + combined net worth →
Active
CAROLAN, Elaine Frances→
llp-designated-member · ~67y · appointed 2011-09-21 · resigned 2012-01-18
Resigned
M.E.C. SERVICES (INTERNATIONAL) LIMITED→
corporate-llp-member · appointed 2012-01-19 · resigned 2014-04-09
Resigned

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

Mortgages & charges

8
Total charges
2
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Cynergy Bank
Cynergy Bank Limited
A registered charge1 property24/12/2021—
outstanding
Cynergy Bank
Cynergy Bank Limited
A registered charge—14/12/2021—
satisfied
Aib Group (UK)
Aib Group (UK) PLC
A registered charge1 property08/08/201710/03/2022
satisfied
Aib Group (UK) P.L.C.
A registered charge—01/08/201710/03/2022
satisfied
Co-operative Bank
The Co-Operative Bank PLC
A registered charge1 property04/06/201508/08/2017
satisfied
Co-operative Bank
The Co-Operative Bank PLC
Assignation in security1 property12/10/201208/08/2017
satisfied
Co-operative Bank
Co-Operative Bank PLC
Standard security1 property15/05/201218/08/2017
satisfied
Interserve Construction
Interserve Construction Limited
Standard security1 property14/05/201212/10/2013
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (65 total)

change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2026-03-31
change-to-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC04
2026-03-31
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2026-01-21
change-to-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC04
2026-01-21
change-to-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC04
2025-12-15
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-06
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-09-22
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-07-09
change-to-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC04
2025-07-09
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-05-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-04
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-09-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-31
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-09-21