BALMADIES ESTATE LIMITED

🌳Matureactive

SC040121 · ltd · incorporated 1964-04-01

Investment thesis

Unencumbered property vehicle — clean asset-backed target with refinance headroom.

Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.

Why risky: Values depend on title and valuation; property-specific market exposure.

Why now

Window steady · low confidence

Asset base steady — strong defensive profile, no urgency cue.

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

£4.30M

book net assets

Opportunity

81/100

Exceptional

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What this business does

Primary activity: Development of building projects

Sector: Construction

Investor take

Pursue

Asset-holding vehicle with a 84-year-old founder — textbook succession opportunity.

Opportunity 81/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 84). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -31% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (77/100)

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

Confirmed no charges registered

Directors & officers

10 officers (5 active, 10 linked, 8 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

117 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

81/100Exceptional

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

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £4,302,943

Cash YoY

-31%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£17k

↓ 31% YoY

Net Worth

£4.3m

↑ 6.3% YoY

Current Assets

£24k

↓ 93% YoY

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
Total assets	£5.63M	£5.18M
Current assets	£24.5k	£328.6k
Cash	£17.4k	£25.4k
Debtors	£7.1k	£303.2k
Net assets	£4.30M	£4.05M

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

filings

Last 90 days

filings

Last 180 days

filings

• 1 capital
• 1 persons-with-significant-control
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (28 events)Click to expand

2026-01-28
📄
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-01-07
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-05
📄
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2025-01-30
📄
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2024-12-27
📄
resolution
resolution · RESOLUTIONS
2024-12-27
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-12-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-19
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-19
📄
change-person-director-company-with-change-date
officers · CH01
2024-09-19
📄
change-person-director-company-with-change-date
officers · CH01
2024-09-19
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-05
📄
change-corporate-secretary-company-with-change-date
officers · CH04
2020-11-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-27
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2015-03-12
➖
OSBORNE, June Mary resigned
director
2015-03-09
➖
OSBORNE, Bruce Mitchell resigned
director
2015-03-02
➖
OSBORNE, Ian Michael resigned
director
2003-12-22
➕
OSBORNE, Christopher Gerald appointed
director
1997-06-30
➖
MURRAY BEITH MURRAY WS resigned
corporate-secretary
1997-06-29
➕
MBM SECRETARIAL SERVICES LIMITED appointed
corporate-secretary
1995-10-15
➖
OSBORNE, Gerald Michael resigned
director
1994-10-22
➕
OSBORNE, Nicholas George appointed
director
1991-10-25
➕
OSBORNE, Jonathan Richard appointed
director
1964-04-01
🏢
Company incorporated
As BALMADIES ESTATE LIMITED

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 35 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 84 — 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 84 years old. Natural succession window is now.
primary20+ year tenure: Director in role 35 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
Jonathan Richard Osborne Individual · British · DOB 06/1971 · age 55	50–75%	50–75%	50-75% shares · 50-75% voting	12/04/2016

1 historic (ceased) PSC

Nicholas George Osborneceased 24/12/2024· 25-50% shares · 25-50% voting

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

Similar companies

Active · Construction · DD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
KILMAC LTD→ SC458759 · est 2013	£6.45M £4.61M–£8.30M	—	—	16000	12y	84	58y
GUILD HOMES (TAYSIDE) LTD.→ SC170248 · est 1996	£2.17M £1.55M–£2.79M	—	—	34	29y	84	63y
D J LAING (CONTRACTS) LIMITED→ SC087805 · est 1984	£1.52M £1.08M–£1.95M	—	—	57	42y	87	79y
ROCKNOWE INTERIORS LIMITED→ SC489276 · est 2014	£634.1k £452.9k–£815.3k	—	—	1100	11y	85	75y
ANGUS DECORATING COMPANY LIMITED→ SC056282 · est 1974	£605.6k £432.6k–£778.6k	—	—	6300	51y	83	63y
FLAGSHIP PROPERTY CARE LIMITED→ SC560189 · est 2017	£34.1k £24.4k–£43.9k	—	—	0	9y	83	83y
DOUBLE KWIK SCAFFOLDING LIMITED→ SC145539 · est 1993	—	—	—	—	32y	83	65y
ISLAND LEISURE LIMITED→ SC119182 · est 1989	—	—	—	23	36y	83	64y
JACKSON STEEL STRUCTURES LIMITED→ SC047786 · est 1970	—	—	£1.45M	—	55y	83	60y
JAMES LAMMOND LIMITED→ SC258479 · est 2003	—	—	—	3800	22y	83	62y
M & M PLUMBING & HEATING SUPPLIES LIMITED→ SC333448 · est 2007	—	—	—	2300	18y	83	63y
MARTIN ALAN CONSTRUCTION LIMITED→ SC227220 · est 2002	—	—	—	53	24y	83	69y

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.

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Company details

Statusactive

Typeltd

Incorporated1964-04-01

Jurisdictionscotland

Primary SIC41100 — Development of building projects

Registered office

C/O Bell Ingram Llp

Manor Street

Forfar

DD8 1EX

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-12-28

Last: 2025-12-14