ORKNEY BUILDERS LIMITED
🌳Matureactive
SC022960 · ltd · incorporated 1944-10-07
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Why now
Window opening · high confidence
More negotiable than before — 3 signals weakening over the last 30 days.
- · Hygiene score: 82 → 62
- · Opportunity score: 77 → 69
- · Bankability: 67 → 57
Opportunity decay
softening · 6-months
Softening — cumulative signals suggest this becomes more negotiable over the next 3–6 months.
- · 3 recent signals weakening vs 0 strengthening
What changed my view
Last 30 days
Picture worsened over the last 30 days — 3 negative signals vs 0 positive.
- ↓Opportunity score: 77 → 69
- ↓Hygiene score: 82 → 62
- ↓Bankability: 67 → 57
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 Jul 2025
Net worth
—
book net assets
Opportunity
69/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 69/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. 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 (65/100).
🏦
Refinance opportunity
4 live charges · 4 lenders · oldest 61.2y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 61.2 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
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, 1 SIC codes, incorporation date
100
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
9 officers (4 active, 9 linked, 7 with DOB)
86
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
111 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-07-31 | 2024-07-31 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
- 2026-04-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-04-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-05-30➖FIRTH, John resigneddirector
- 2024-05-30📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-05-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-04-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-04-26📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-05-03📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-04-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-07-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-06-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-05-31➖BAIN, Heather Barbara resigneddirector
- 2019-03-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-19📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2018-12-14➕FIRTH, Yvonne Margaret appointeddirector
- 2018-12-14➕HURLOCK, Alison appointeddirector
- 2018-12-14➕FIRTH, John appointeddirector
- 2018-12-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-12-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-12-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-12-10📄legacycapital · SH20
- 2018-12-10⚠️legacyinsolvency · CAP-SS
- 2018-12-10📄resolutionresolution · RESOLUTIONS
- 2014-02-15➕CRAIGIE, Susan Anne appointedsecretary
- 2014-02-15➖FIRTH, Leslie Rae resignedsecretary
- 2014-02-15➖FIRTH, Leslie Rae resigneddirector
- 1999-07-16🔓Charge satisfied #2
- 1999-02-18🔒Charge registered #5Lender: Scottish Homes
- 1999-02-18🔒Charge registered #4Lender: Orkney Islands Council
- 1999-02-01➕CRAIGIE, Susan Anne appointeddirector
- 1999-02-01➕BAIN, Heather Barbara appointeddirector
- 1998-11-14➖FIRTH, Eoin James resigneddirector
- 1966-02-16🔒Charge registered #2Lender: National Commercial Bank of Scotland LTD
- 1965-04-02🔒Charge registered #1Lender: National Commercial Bank of Scotland Limited
- 1944-10-07🏢Company incorporatedAs ORKNEY BUILDERS LIMITED
Owner dependency
68/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
65/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 82 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 high ·Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-05-31
1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2018-12-10: legacy
Similar companies
Active · Property · KW postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| REID MARINE LIMITED→ SC071758 · est 1980 | £6.75M £5.74M–£7.76M | — | £6.75M | — | 46y | 79 | 78y |
| BALLOAN LIMITED→ SC211885 · est 2000 | £537.6k £457.0k–£618.3k | — | £537.6k | — | 25y | 80 | 72y |
| PENTLAND PROPERTIES (SCOTLAND) LTD→ SC393554 · est 2011 | £349.2k £296.8k–£401.6k | — | £349.2k | — | 15y | 79 | 59y |
| CAITHNESS INVESTORS LTD→ SC383490 · est 2010 | £317.5k £269.9k–£365.1k | — | £317.5k | — | 15y | 80 | 80y |
| NORRIAN LTD.→ SC394137 · est 2011 | £315.0k £267.7k–£362.2k | — | £315.0k | — | 15y | 80 | 60y |
| ORKNEY QUALITY DEVELOPMENTS LIMITED→ SC178227 · est 1997 | £300.9k £255.8k–£346.0k | — | £300.9k | — | 28y | 80 | 63y |
| ORKNEY HOMES TRUST LIMITED→ SC132048 · est 1991 | £161.5k £137.3k–£185.7k | — | £161.5k | — | 35y | 83 | 78y |
| POLLARDS ESTATE AND LETTING LIMITED→ SC501378 · est 2015 | £154.5k £131.3k–£177.7k | — | £154.5k | — | 11y | 78 | 65y |
| BIRKENHILL COMPUTING SERVICES LIMITED→ SC070779 · est 1980 | £153.6k £130.6k–£176.7k | — | £153.6k | — | 46y | 79 | 82y |
| GESTAQUOY LTD→ SC434200 · est 2012 | £86.3k £73.3k–£99.2k | — | £86.3k | — | 13y | 79 | 58y |
| BRORA PROPERTIES LIMITED→ SC262296 · est 2004 | £71.9k £61.1k–£82.7k | — | £71.9k | — | 22y | 80 | 82y |
| CALEDONIA SERVICED ACCOMMODATION LIMITED→ SC817207 · est 2024 | £60.8k £51.7k–£69.9k | — | £60.8k | — | 1y | 77 | 58y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Typeltd
Incorporated1944-10-07
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
Carinya
New Scapa Road
Kirkwall
Orkney
KW15 1BN
Scotland
Filing status
Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-05-31OVERDUE
Last: 2025-05-17
Officers (4 active · 5 resigned)
CRAIGIE, Susan Anne→
Activesecretary · appointed 2014-02-15
View their other companies + combined net worth →
CRAIGIE, Susan Anne→
Activedirector · ~51y · appointed 1999-02-01
View their other companies + combined net worth →
FIRTH, Yvonne Margaret→
Activedirector · ~59y · appointed 2018-12-14
View their other companies + combined net worth →
HURLOCK, Alison→
Activedirector · ~61y · appointed 2018-12-14
View their other companies + combined net worth →
FIRTH, Leslie Rae→
Resignedsecretary · resigned 2014-02-15
BAIN, Heather Barbara→
Resigneddirector · ~83y · appointed 1999-02-01 · resigned 2019-05-31
FIRTH, Eoin James→
Resigneddirector · ~88y · resigned 1998-11-14
FIRTH, John→
Resigneddirector · ~60y · appointed 2018-12-14 · resigned 2024-05-30
FIRTH, Leslie Rae→
Resigneddirector · ~93y · resigned 2014-02-15
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
3
Outstanding
3
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Scottish Homes | Standard security | 1 property | 18/02/1999 | — | |
| outstanding | Orkney Islands Council | Standard security | 1 property | 18/02/1999 | — | |
| satisfied | Lloyds Banking Group National Commercial Bank of Scotland LTD | Floating charge | 1 property | 16/02/1966 | 16/07/1999 | |
| outstanding | Lloyds Banking Group National Commercial Bank of Scotland Limited | Assignation | 1 property | 02/04/1965 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (111 total)
accounts-with-accounts-type-dormant
accounts · AA
2026-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-31
accounts-with-accounts-type-dormant
accounts · AA
2025-04-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-30
termination-director-company-with-name-termination-date
officers · TM01
2024-05-30
accounts-with-accounts-type-dormant
accounts · AA
2024-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-01
accounts-with-accounts-type-dormant
accounts · AA
2023-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-21
accounts-with-accounts-type-dormant
accounts · AA
2022-05-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-20
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-30
accounts-with-accounts-type-dormant
accounts · AA
2020-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-31