N. & D. MACLEOD (PORTREE) LIMITED

🌳Matureactive

SC062920 · ltd · incorporated 1977-08-22

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 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 43.0y 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 Sept 2024

Net worth

£1.35M

book net assets

Opportunity

79/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Renting and operating of Housing Association real estate

Sector: Real estate

Investor take

Pursue

Asset-holding vehicle with a 78-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (73/100, director aged 78). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

8 live charges · oldest 43.0y

85/100

ready

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

· Oldest live charge is 43.0 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (79/100)

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

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

7 officers (5 active, 7 linked, 5 with DOB)

Ownership & PSC

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

Director network

2 connected companies via shared directors

Filing history

131 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

79/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

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 £1,348,605

Key financials

2 years extracted from filed iXBRL accounts

Cash

£61k

Net Worth

£1.3m

Current Assets

£104k

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-09-30	2023-09-30
Total assets	£1.50M	—
Current assets	£104.1k	—
Cash	£61.5k	—
Debtors	£42.7k	—
Net assets	£1.35M	—
Average employees	—	0

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

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (40 events)Click to expand

2025-06-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-10
📄
capital-name-of-class-of-shares
capital · SH08
2023-05-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-08
📄
change-to-a-person-with-significant-control-without-name-date
persons-with-significant-control · PSC04
2021-01-07
📄
change-person-director-company-with-change-date
officers · CH01
2021-01-07
📄
change-person-director-company-with-change-date
officers · CH01
2021-01-07
📄
capital-allotment-shares
capital · SH01
2021-01-07
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-06-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-02-27
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2019-02-26
📄
gazette-notice-compulsory
gazette · GAZ1
2018-06-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-01-18
📄
mortgage-satisfy-charge-full
mortgage · MR04
2018-01-18
🔓
Charge satisfied #1
2018-01-16
🔓
Charge satisfied #6
2018-01-09
🔓
Charge satisfied #11
2018-01-09
🔓
Charge satisfied #10
2018-01-09
🔓
Charge satisfied #7
2008-01-28
🔒
Charge registered #11
Lender: The Royal Bank of Scotland PLC
2007-10-23
➕
MACLEOD, Brian appointed
director
2007-10-23
➕
MACLEOD, Christine appointed
director
1997-10-22
🔒
Charge registered #10
Lender: The Royal Bank of Scotland PLC
1995-04-05
🔒
Charge registered #7
Lender: The Royal Bank of Scotland PLC
1994-10-21
➕
MACLEOD, Minnie appointed
secretary
1994-10-21
➕
MACLEOD, Minnie appointed
director
1994-10-21
➖
MACLEOD, Norman resigned
secretary
1994-10-21
➖
MACLEOD, Norman resigned
director
1993-09-02
🔒
Charge registered #6
Lender: The Royal Bank of Scotland PLC
1992-12-22
🔓
Charge satisfied #4
1992-12-22
🔓
Charge satisfied #3
1992-12-22
🔓
Charge satisfied #2
1987-01-19
🔒
Charge registered #4
Lender: The Royal Bank of Scotland PLC
1986-05-07
🔒
Charge registered #3
Lender: The Royal Bank of Scotland PLC
1983-12-12
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
1983-06-29
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
1977-08-22
🏢
Company incorporated
As N. & D. MACLEOD (PORTREE) LIMITED

Owner dependency

88/100

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

-4 active directors: Broader management team in place — suggests transferable governance.
+Founder name in company name: Company name contains director surname "MACLEOD" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 78 — 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 78 years old. Natural succession window is now.
primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 49 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

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Donald Matheson Macleod Individual · British · DOB 10/1948 · age 78	50–75%	50–75%	board control50-75% shares · 50-75% voting · board control	06/04/2016

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

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

Similar companies

Active · Property · IV postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BLAVEN LIMITED→ SC160238 · est 1995	£1.94M £1.65M–£2.24M	—	£1.94M	—	30y	83	73y
REDDLEMAN PROPERTIES LIMITED→ SC210065 · est 2000	£1.04M £882.8k–£1.19M	—	£1.04M	—	25y	82	61y
PURESURF LIMITED→ SC186167 · est 1998	£839.5k £713.6k–£965.4k	—	£839.5k	—	28y	82	65y
GLENVICASKILL DEVELOPMENTS LIMITED→ SC235334 · est 2002	£658.2k £559.5k–£756.9k	—	£658.2k	—	23y	82	82y
W. & A.B. RICHARDSON LIMITED→ SC022381 · est 1943	£561.0k £476.8k–£645.1k	—	£561.0k	—	83y	82	63y
GEDDES PROPERTIES (NAIRN) LIMITED→ SC141250 · est 1992	£538.2k £457.5k–£618.9k	—	£538.2k	—	33y	82	65y
FINDHORN SALMON FISHINGS LIMITED→ SC030593 · est 1955	£291.2k £247.5k–£334.9k	—	£291.2k	—	71y	82	77y
FAIRFIELD PROPERTIES (INVERNESS) LTD.→ SC244714 · est 2003	£217.0k £184.5k–£249.6k	—	£217.0k	—	23y	82	75y
NORTHLANDS PROPERTIES LIMITED→ SC195787 · est 1999	£214.5k £182.3k–£246.6k	—	£214.5k	—	27y	83	59y
CRUACHAN FLATS LIMITED→ SC242899 · est 2003	£148.1k £125.9k–£170.3k	—	£148.1k	—	23y	82	77y
BELVOIR LETTINGS (MORAY) LTD→ SC302163 · est 2006	£124.4k £105.7k–£143.0k	—	£124.4k	—	20y	82	67y
CAMERON HARRIS LTD.→ SC241344 · est 2002	£93.0k £79.0k–£106.9k	—	£93.0k	—	23y	82	78y

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

Incorporated1977-08-22

Jurisdictionscotland

Primary SIC68201 — Renting and operating of Housing Association real estate

Registered office

Ben Leva

Staffin Road

Portree

Isle Of Skye

IV51 9HS

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-09-30

Confirmation statement

Next due: 2026-12-18

Last: 2025-12-04