KEYSTONE ASSETS SCOTLAND LLP

💤Zombieactive
SO305252 · llp · incorporated 2015-02-26
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
🔔
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Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 70/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 10.9y

30/100
under pressure

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

  • · Oldest live charge is 10.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (74/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 0 with DOB)
70
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
44 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

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
0
filings
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-03-02
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  2. 2025-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-02-26
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  4. 2024-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-02-27
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  6. 2024-02-07
    📄
    cessation-of-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC07
  7. 2024-02-06
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  8. 2024-02-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-04-01
    RLSH LIMITED resigned
    corporate-llp-designated-member
  10. 2023-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-02-27
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  12. 2022-05-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-03-28
    📄
    change-account-reference-date-limited-liability-partnership-previous-shortened
    accounts · LLAA01
  14. 2022-03-07
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  15. 2022-03-07
    📍
    change-sail-address-limited-liability-partnership-with-old-address-new-address
    address · LLAD02
  16. 2022-03-03
    📄
    change-corporate-member-limited-liability-partnership-with-name-change-date
    officers · LLCH02
  17. 2022-03-03
    📄
    change-to-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC05
  18. 2021-11-15
    📍
    change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
    address · LLAD01
  19. 2021-04-28
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  20. 2021-02-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2020-02-26
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  22. 2020-01-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2019-10-29
    📄
    change-to-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC05
  24. 2019-10-29
    📄
    change-to-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC05
  25. 2019-10-29
    📄
    change-to-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC05
  26. 2019-03-07
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  27. 2019-03-07
    🔓
    Charge satisfied #2
  28. 2019-03-07
    🔓
    Charge satisfied #1
  29. 2016-06-27
    🔒
    Charge registered #4
    Lender: N M Rothschild & Sons Limited
  30. 2016-06-27
    🔒
    Charge registered #3
    Lender: N M Rothschild & Sons Limited
  31. 2015-06-23
    🔒
    Charge registered #2
    Lender: Icg-Longbow Debt Investments No.4 S.A.R.L.
  32. 2015-06-23
    🔒
    Charge registered #1
    Lender: Icg-Longbow Debt Investments No.4 S.A.R.L.
  33. 2015-02-26
    🏢
    Company incorporated
    As KEYSTONE ASSETS SCOTLAND LLP
  34. 2015-02-26
    ASHE HOUSE LIMITED appointed
    corporate-llp-designated-member
  35. 2015-02-26
    REMICK 3 LIMITED appointed
    corporate-llp-designated-member
  36. 2015-02-26
    RLSH LIMITED appointed
    corporate-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.

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️
Ashe House Limited
Corporate parent
🏛️
Remick 3 Limited
Corporate parent
KEYSTONE ASSETS SCOTLAND LLP
This company · SO305252

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Ashe House Limited
Corporate entity
control reported06/04/2016
Remick 3 Limited
Corporate entity
control reported06/04/2016
1 historic (ceased) PSC
  • Rlsh Limitedceased 01/04/2023· control reported

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

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
Incorporated2015-02-26
Jurisdictionscotland
Primary SIC

Registered office

C/O Consilium Chartered Accountants, 169
West George Street
Glasgow
G2 2LB
Scotland

Filing status

Accounts
Next due: 2026-12-30
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-12
Last: 2026-02-26

Officers (2 active · 1 resigned)

ASHE HOUSE LIMITED
corporate-llp-designated-member · appointed 2015-02-26
View their other companies + combined net worth →
Active
REMICK 3 LIMITED
corporate-llp-designated-member · appointed 2015-02-26
View their other companies + combined net worth →
Active
RLSH LIMITED
corporate-llp-designated-member · appointed 2015-02-26 · resigned 2023-04-01
Resigned

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

Mortgages & charges

4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
N M Rothschild & Sons
N M Rothschild & Sons Limited
A registered charge27/06/2016
outstanding
N M Rothschild & Sons
N M Rothschild & Sons Limited
A registered charge27/06/2016
satisfied
Icg-Longbow Debt Investments No.4 S.A.R.L.
A registered charge23/06/201507/03/2019
satisfied
Icg-Longbow Debt Investments No.4 S.A.R.L.
A registered charge23/06/201507/03/2019
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (44 total)

confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2026-03-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-18
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-02-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-20
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-02-27
cessation-of-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC07
2024-02-07
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2024-02-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-29
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-02-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-06
change-account-reference-date-limited-liability-partnership-previous-shortened
accounts · LLAA01
2022-03-28
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-03-07
change-sail-address-limited-liability-partnership-with-old-address-new-address
address · LLAD02
2022-03-07
change-corporate-member-limited-liability-partnership-with-name-change-date
officers · LLCH02
2022-03-03