GRANITE CITY DEVELOPMENTS LLP

💤Zombieactive
SO306802 · llp · incorporated 2019-09-11
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
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 Sept 2024
Net worth
£4.13M
book net assets
Opportunity
65/100
Strong
🔔
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Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 65/100 (strong), bankability 57/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

7 live charges · 4 lenders · oldest 4.9y

5/100
under pressure

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

  • · Charge age ~4.9 years — mid-life; refi window approaching.
  • · 4 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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
35 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £4,127,934

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2k
Net Worth
£4.1m
Current Assets
£1.1m
Current Liabilities
—
£0£826k£1.7m£2.5m£3.3m£4.1mSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-09-302023-09-30
Total assets£4.13M—
Current assets£1.09M—
Cash£1.5k—
Debtors£6.3k—
Net assets£4.13M—
Average employees—0

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
0
filings
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2026-01-30
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  2. 2026-01-13
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2025-04-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  4. 2025-03-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  5. 2025-03-29
    🔒
    Charge registered #6
    Lender: Folk Nominee Limited (As Security Trustee)
  6. 2025-03-28
    🔒
    Charge registered #7
    Lender: Folk Nominee Limited (As Security Trustee)
  7. 2025-02-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2025-01-21
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  9. 2024-06-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  10. 2024-06-26
    🔒
    Charge registered #5
    Lender: Folk Nominee Limited as Security Trustee
  11. 2024-02-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  12. 2024-02-22
    🔒
    Charge registered #4
    Lender: Folk Nominee Limited
  13. 2024-01-15
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  14. 2023-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2023-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2023-04-28
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  17. 2023-04-26
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  18. 2023-03-10
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  19. 2023-02-21
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  20. 2022-03-21
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  21. 2022-02-19
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  22. 2022-02-19
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  23. 2022-02-19
    🔓
    Charge satisfied #2
  24. 2022-02-19
    🔓
    Charge satisfied #1
  25. 2022-02-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  26. 2022-02-08
    🔒
    Charge registered #3
    Lender: Folk Nominee Limited (As Security Trustee)
  27. 2021-09-04
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  28. 2021-09-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  29. 2021-08-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  30. 2021-08-10
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  31. 2021-08-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  32. 2021-08-06
    🔒
    Charge registered #2
    Lender: Soho Wealth PCC LTD/Cell S
  33. 2021-07-19
    🔒
    Charge registered #1
    Lender: Soho Wealth PCC LTD/Cell S
  34. 2021-01-21
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  35. 2020-09-01
    ➕
    FLAME, Susan Maree appointed
    llp-designated-member
  36. 2020-09-01
    ➖
    BROXMOUTH LEISURE LIMITED resigned
    corporate-llp-designated-member
  37. 2019-09-11
    🏢
    Company incorporated
    As GRANITE CITY DEVELOPMENTS LLP
  38. 2019-09-11
    ➕
    FLAME, Simon Paul appointed
    llp-designated-member
  39. 2019-09-11
    ➕
    BROXMOUTH LEISURE 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 · 1 low
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.

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Simon Paul Flame
Individual · British · DOB 05/1962 · age 64
—75–100%75-100% voting11/09/2019
2 historic (ceased) PSCs
  • Mrs Susan Maree Flameceased 01/10/2020· 25-50% voting
  • Broxmouth Leisure Limitedceased 01/09/2020· 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

8 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
Incorporated2019-09-11
Jurisdictionscotland
Primary SIC—

Registered office

Broxmouth House
Broxmouth Park
Dunbar
East Lothian
EH42 1QW

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-01-15
Last: 2026-01-01

Officers (2 active · 1 resigned)

FLAME, Simon Paul→
llp-designated-member · ~64y · appointed 2019-09-11
View their other companies + combined net worth →
Active
FLAME, Susan Maree→
llp-designated-member · ~59y · appointed 2020-09-01
View their other companies + combined net worth →
Active
BROXMOUTH LEISURE LIMITED→
corporate-llp-designated-member · appointed 2019-09-11 · resigned 2020-09-01
Resigned

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

Mortgages & charges

7
Total charges
5
Outstanding
3
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Folk Nominee (As Security Trustee)
Folk Nominee Limited (As Security Trustee)
A registered charge2 properties29/03/2025—
outstanding
Folk Nominee (As Security Trustee)
Folk Nominee Limited (As Security Trustee)
A registered charge2 properties28/03/2025—
outstanding
Folk Nominee as Security Trustee
Folk Nominee Limited as Security Trustee
A registered charge2 properties26/06/2024—
outstanding
Folk Nominee
Folk Nominee Limited
A registered charge2 properties22/02/2024—
outstanding
Folk Nominee (As Security Trustee)
Folk Nominee Limited (As Security Trustee)
A registered charge2 properties08/02/2022—
satisfied
Soho Wealth PCC /Cell S
Soho Wealth PCC LTD/Cell S
A registered charge1 property06/08/202119/02/2022
satisfied
Soho Wealth PCC /Cell S
Soho Wealth PCC LTD/Cell S
A registered charge—19/07/202119/02/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (35 total)

confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2026-01-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-01-13
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2025-04-03
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2025-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-13
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-01-21
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2024-06-27
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2024-02-23
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-01-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-29
gazette-filings-brought-up-to-date
gazette · DISS40
2023-04-28
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-04-26
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2023-03-10
gazette-notice-compulsory
gazette · GAZ1
2023-02-21