GLENGASK LIMITED

🌳Matureactive
SC055519 · ltd · incorporated 1974-04-24
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 49.6y old — refinance window within 12 months
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
—
book net assets
Opportunity
83/100
Exceptional
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 85/100. Strong seller-intent signal (70/100, director aged 59). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 49.6y

85/100
ready

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

  • · Oldest live charge is 49.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
112 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£385k£770k£1.2m£1.5m£1.9mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets—£2.16M
Current assets—£587.3k
Cash—£586.4k
Debtors—£962
Net assets—£1.92M
Average employees0—

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
0
filings
Last 180 days
2
filings
  • • 2 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-10-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-10-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-02-16
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  6. 2021-11-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-11-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-08-13
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  9. 2020-08-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2020-08-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2020-08-11
    ➖
    MACLEOD, Alexander Benedict resigned
    director
  12. 2020-03-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2020-03-10
    ➖
    MACLEOD, Maria Jessie resigned
    director
  14. 2020-01-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2020-01-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2020-01-17
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  17. 2020-01-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2019-11-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2016-02-22
    🔓
    Charge satisfied #1
  20. 2014-02-18
    ➕
    HAINES, Caroline appointed
    director
  21. 2011-04-01
    ➕
    MACLEOD, Alexandra appointed
    director
  22. 2006-09-01
    ➕
    MACLEOD, Alexandra Maria appointed
    secretary
  23. 2006-09-01
    ➖
    MACLEOD, Alexander Benedict resigned
    secretary
  24. 1990-11-01
    ➕
    MACLEOD, Maria Jessie appointed
    director
  25. 1990-10-13
    ➖
    MACLEOD, Ronald Joseph resigned
    director
  26. 1976-11-19
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  27. 1974-04-24
    🏢
    Company incorporated
    As GLENGASK LIMITED

Owner dependency

76/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

69/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 15 years.
  • secondaryStable-but-static management: Company is 52 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
NameSharesVoting rightsNature of controlNotified
Miss Alexandra Macleod
Individual · British · DOB 10/1972 · age 54
——sig. influencesignificant influence · trust interest · firm interest11/08/2020
1 historic (ceased) PSC
  • Mr Alexander Benedict Macleodceased 11/08/2020· 25-50% shares

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

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

6 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
Incorporated1974-04-24
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Commercial House
1/20a High Street
Fort William
Highland
PH33 6AT
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-30
Last: 2026-03-16

Officers (3 active · 4 resigned)

MACLEOD, Alexandra Maria→
secretary · appointed 2006-09-01
View their other companies + combined net worth →
Active
HAINES, Caroline→
director · ~59y · appointed 2014-02-18
View their other companies + combined net worth →
Active
MACLEOD, Alexandra→
director · ~54y · appointed 2011-04-01
View their other companies + combined net worth →
Active
MACLEOD, Alexander Benedict→
secretary · resigned 2006-09-01
Resigned
MACLEOD, Alexander Benedict→
director · ~92y · resigned 2020-08-11
Resigned
MACLEOD, Maria Jessie→
director · ~83y · appointed 1990-11-01 · resigned 2020-03-10
Resigned
MACLEOD, Ronald Joseph→
director · resigned 1990-10-13
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
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property19/11/197622/02/2016

Recent filings (112 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-02
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-22
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2022-02-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-10