PITADRO DEVELOPMENT COMPANY LIMITED

🌳Matureactive
SC038920 · ltd · incorporated 1963-06-13
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 14.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
—
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Active trading company with a 84-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 85/100. Strong seller-intent signal (63/100, director aged 84). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 14.8y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 14.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
9 officers (4 active, 9 linked, 5 with DOB)
81
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
103 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
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£0Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-312023-10-31
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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2025-07-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-07-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2023-07-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-05-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2022-05-08
    🔓
    Charge satisfied #1
  8. 2021-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-10-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-07-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-12-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2017-07-10
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-07-12
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-01-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2016-01-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2011-08-12
    🔒
    Charge registered #1
    Lender: Campion Homes Limited
  18. 2009-09-15
    ➖
    HUTCHISON, John Manclark resigned
    director
  19. 2006-08-09
    ➕
    HUTCHISON, Hugh appointed
    director
  20. 2005-02-15
    ➕
    HANDY, Maryann appointed
    director
  21. 2005-02-15
    ➕
    SINCLAIR, Moira appointed
    director
  22. 2003-10-18
    ➖
    WILSON, Elizabeth Scott resigned
    director
  23. 1992-04-23
    ➕
    WILSON, Elizabeth Scott appointed
    secretary
  24. 1990-11-17
    ➕
    WILSON, Elizabeth Scott appointed
    director
  25. 1990-11-17
    ➖
    WILSON, Robert resigned
    director
  26. 1990-01-01
    ➖
    HUTCHISON, John Manclark resigned
    secretary
  27. 1990-01-01
    ➕
    HUTCHISON, Mairi appointed
    secretary
  28. 1989-12-28
    ➖
    HUTCHISON, Mairi resigned
    secretary
  29. 1963-06-13
    🏢
    Company incorporated
    As PITADRO DEVELOPMENT COMPANY LIMITED

Owner dependency

75/100
High — earn-out structure required

Material 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 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 84 — succession pressure is live.

Succession & seller-readiness

90/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 84 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 63 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

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——20030y8264y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated1963-06-13
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

Lilliehill House Main Street
Townhill
Dunfermline
Fife
KY12 0HA

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-12-28
Last: 2025-12-14

Officers (4 active · 5 resigned)

WILSON, Elizabeth Scott→
secretary · appointed 1992-04-23
View their other companies + combined net worth →
Active
HANDY, Maryann→
director · ~76y · appointed 2005-02-15
View their other companies + combined net worth →
Active
HUTCHISON, Hugh→
director · ~62y · appointed 2006-08-09
View their other companies + combined net worth →
Active
SINCLAIR, Moira→
director · ~84y · appointed 2005-02-15
View their other companies + combined net worth →
Active
HUTCHISON, John Manclark→
secretary · resigned 1990-01-01
Resigned
HUTCHISON, Mairi→
secretary · appointed 1990-01-01 · resigned 1989-12-28
Resigned
HUTCHISON, John Manclark→
director · ~97y · resigned 2009-09-15
Resigned
WILSON, Elizabeth Scott→
director · ~72y · appointed 1990-11-17 · resigned 2003-10-18
Resigned
WILSON, Robert→
director · resigned 1990-11-17
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Campion Homes
Campion Homes Limited
Standard security1 property12/08/201108/05/2022

Recent filings (103 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-25
mortgage-satisfy-charge-full
mortgage · MR04
2022-05-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-18