4C PROPERTY LLP

💤Zombieactive

SO307177 · llp · incorporated 2021-03-05

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

59/100

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 59/100 (worth a look), bankability 55/100. Asset purchase likely safer than share purchase given structural signals. 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

8 live charges · 2 lenders · oldest 4.4y

20/100

under pressure

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

· Charge age ~4.4 years — mid-life; refi window approaching.
· Two lenders — manageable, but coordination required.
· 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

Financials

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

Lenders & charges

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

13 officers (12 active, 13 linked, 11 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

34 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

59/100Worth a look

PassWatchWorth a lookStrongExceptional

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

Business quality

Concerning — overdue filings or status flags present.

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

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31
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

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (49 events)Click to expand

2025-12-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-06
📄
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2025-06-06
🔓
Charge satisfied #1
2025-03-04
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-11-04
📄
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2024-10-01
📍
change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
address · LLAD01
2024-09-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-07
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-11-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-16
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-02-15
📄
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2022-11-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-25
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-02-19
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2022-02-19
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2022-02-19
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2022-02-19
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2022-02-19
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2022-02-19
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2022-02-19
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2022-02-02
🔒
Charge registered #8
Lender: Hampden & Co PLC
2022-02-02
🔒
Charge registered #2
Lender: Hampden & Co PLC
2022-02-01
🔒
Charge registered #7
Lender: Hampden & Co PLC
2022-02-01
🔒
Charge registered #6
Lender: Hampden & Co PLC
2022-02-01
🔒
Charge registered #5
Lender: Hampden & Co PLC
2022-02-01
🔒
Charge registered #4
Lender: Hampden & Co PLC
2022-02-01
🔒
Charge registered #3
Lender: Hampden & Co PLC
2021-11-19
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2021-11-19
🔒
Charge registered #1
Lender: Hampden & Co PLC, 9 Charlotte Square, Edinburgh, EH2 4DR
2021-11-17
➕
HADDINGTON ESTATES LTD. appointed
corporate-llp-designated-member
2021-11-17
➖
FRASER, Scott resigned
llp-designated-member
2021-11-17
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2021-11-17
📄
appoint-corporate-member-limited-liability-partnership-with-appointment-date
officers · LLAP02
2021-03-29
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2021-03-29
📍
change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
address · LLAD01
2021-03-29
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2021-03-26
➕
LOWE, Billy appointed
llp-designated-member
2021-03-26
➕
NICOL, Sean Richard appointed
llp-designated-member
2021-03-26
➕
MACINTOSH & SONS LIMITED appointed
corporate-llp-designated-member
2021-03-19
➕
MONCUR, Lee appointed
llp-designated-member
2021-03-18
➕
MCGINN, John appointed
llp-designated-member
2021-03-18
➕
STEWART, Blair appointed
llp-designated-member
2021-03-18
➕
THOMSON, Alan appointed
llp-designated-member
2021-03-17
➕
LANGMEAD, Stephen John appointed
llp-designated-member
2021-03-17
➕
NICOL, Richard appointed
llp-designated-member
2021-03-17
➕
ST JOHN, Graeme Sloan appointed
llp-designated-member
2021-03-05
🏢
Company incorporated
As 4C PROPERTY LLP
2021-03-05
➕
CUNNINGHAM, Alaster appointed
llp-designated-member
2021-03-05
➕
FRASER, Scott 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 high · 1 low

Confirmation statement overdue

high

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

Evidence: Next due: 2026-03-18

7 live charges

low

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

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Scott Fraser Individual · British · DOB 04/1963 · age 63	—	25–50%	50-75% voting	05/03/2021
Alaster Cunningham Individual · British · DOB 12/1950 · age 76	—	25–50%	25-50% voting	05/03/2021

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

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324 SCOTTAXIS LIMITED→ SC703739 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
3I GROWTH CARRY B LP→ SL007669 · est 2010 · no financials extracted	—	—	—	—	16y	—	—
4BIO VENTURES III FOUNDER LP→ SL036036 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
4WAYS FINANCIAL SOLUTIONS LLP→ SO304043 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
7CASE LP→ SL025227 · est 2016 · no financials extracted	—	—	—	—	10y	—	—
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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

Incorporated2021-03-05

Jurisdictionscotland

Primary SIC—

Registered office

4c Property Llp C/O Azets

Quay 2

139 Fountainbridge

Edinburgh

EH3 9QG

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-03-18OVERDUE

Last: 2025-03-04