CRAIGELLEN ASSETS LIMITED

🌳Matureactive

SC039868 · ltd · incorporated 1964-01-31

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.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

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 Mar 2025

Net worth

£563.3k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Buying and selling of own real estate

Sector: Real estate

Investor take

Pursue

Property-backed borrower with a 85-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 85). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -36% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 39.1y

45/100

under pressure

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

· Oldest live charge is 39.1 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (78/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

5 officers (4 active, 5 linked, 4 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

114 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £563,340

Net assets shrinking

Down £20,449 YoY

Cash YoY

-36%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£34k

↓ 36% YoY

Net Worth

£563k

↓ 3.5% YoY

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Cash	£34.2k	£53.2k
Net assets	£563.3k	£583.8k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 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

• 3 officers
• 1 confirmation-statement

Last 180 days

filings

• 3 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (18 events)Click to expand

2026-04-20
📄
change-person-director-company-with-change-date
officers · CH01
2026-04-20
📄
change-person-director-company-with-change-date
officers · CH01
2026-04-20
📄
change-person-secretary-company-with-change-date
officers · CH03
2025-12-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-08-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-09-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-01-31
📄
change-person-director-company-with-change-date
officers · CH01
2017-05-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-06-20
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2005-03-31
➖
HENDERSON, Grahame Mclaren resigned
director
1997-01-27
➕
HENDERSON, David Neil Keith appointed
director
1987-05-15
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
1964-01-31
🏢
Company incorporated
As CRAIGELLEN ASSETS LIMITED

Owner dependency

83/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS

+Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 85 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 85 years old. Natural succession window is now.
primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 62 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.)

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
David Andrew Henderson Individual · British · DOB 04/1941 · age 85	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

1 historic (ceased) PSC

Lesley Elizabeth Hendersonceased 24/08/2016· 25-50% shares · 25-50% voting

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

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ROBERT WHITELAW (ABERDEEN) LIMITED→ SC053906 · est 1973	£4.35M £3.70M–£5.01M	—	£4.35M	—	52y	83	76y
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JACKAL PROPERTIES LIMITED→ SC228832 · est 2002	£1.29M £1.10M–£1.49M	—	£1.29M	—	24y	83	71y
ST. MALO HOUSE LIMITED→ SC285478 · est 2005	£1.20M £1.02M–£1.38M	—	£1.20M	—	21y	83	80y
ABBOTSHALL SERVICES LIMITED→ SC305853 · est 2006	£581.0k £493.8k–£668.1k	—	£581.0k	—	19y	82	68y
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BOWDEN BUILDINGS LTD→ SC279331 · est 2005	£492.7k £418.8k–£566.6k	—	£492.7k	—	21y	82	62y
ART DECO CARRON RESTAURANT LTD.→ SC218207 · est 2001	£201.4k £171.2k–£231.6k	—	£201.4k	—	25y	82	62y
AMZ PROPERTIES LIMITED→ SC268771 · est 2004	£155.8k £132.5k–£179.2k	—	£155.8k	—	22y	82	79y
GALLERY HEINZEL LIMITED→ SC233642 · est 2002	£99.6k £84.7k–£114.6k	—	£99.6k	—	23y	83	59y
EASTHAVEN PROPERTIES LIMITED→ SC277384 · est 2004	£93.3k £79.3k–£107.3k	—	£93.3k	—	21y	83	58y

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

Incorporated1964-01-31

Jurisdictionscotland

Primary SIC68100 — Buying and selling of own real estate

Registered office

Bridgestone House

263b North Deeside Road

Milltimber

Aberdeen

AB13 0HD

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-02-06

Last: 2026-01-23

Officers (4 active · 1 resigned)

HENDERSON, Lesley Elizabeth→

secretary

View their other companies + combined net worth →

Active

HENDERSON, David Neil Keith→

director · ~51y · appointed 1997-01-27

View their other companies + combined net worth →

Active

HENDERSON, David Andrew→

director · ~85y

View their other companies + combined net worth →

Active

HENDERSON, Lesley Elizabeth→

director · ~82y

View their other companies + combined net worth →

Active

HENDERSON, Grahame Mclaren→

director · ~83y · resigned 2005-03-31

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	15/05/1987	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (114 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-04-20

change-person-director-company-with-change-date

officers · CH01

2026-04-20

change-person-director-company-with-change-date

officers · CH01

2026-04-20

change-person-secretary-company-with-change-date

officers · CH03

2026-04-20

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-12-18

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-02-04

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-12-20

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-02-06

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-12-19

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-01-27

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-01-18

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-03-31

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-02-02

confirmation-statement-with-updates

confirmation-statement · CS01

2021-02-10

accounts-with-accounts-type-total-exemption-full

accounts · AA

2020-12-22