BELL BUILDING PROJECTS LIMITED

🌳Matureactive

SC077211 · ltd · incorporated 1982-01-18

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£3.28M

book net assets

Opportunity

75/100

Strong

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What this business does

Primary activity: Construction of commercial buildings

Sector: Construction

ALSO REGISTERED FOR

41202Construction of domestic buildings

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 75/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 42.8y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 42.8 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (74/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 2 SIC codes, incorporation date

100

Financials

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

14 officers (5 active, 14 linked, 11 with DOB)

Ownership & PSC

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

Director network

8 connected companies via shared directors

Filing history

140 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

75/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

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 £3,284,494

Key financials

1 year extracted from filed iXBRL accounts

Cash

£2.2m

Net Worth

£3.3m

Current Assets

£7.0m

Current Liabilities

—

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31
Total assets	£3.33M
Current assets	£7.05M
Cash	£2.22M
Debtors	£4.83M
Net assets	£3.28M

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

🔒Filing-note intelligence

2 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

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (45 events)Click to expand

2025-09-22
📄
accounts-with-accounts-type-medium
accounts · AA
2025-07-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-07-14
➕
DILLET, George appointed
director
2025-04-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-11
➖
GILLESPIE, David Thomas resigned
director
2025-01-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-01-11
➕
HUNTER, Ross appointed
director
2024-08-14
📄
accounts-with-accounts-type-full
accounts · AA
2023-05-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-12
➕
GILLESPIE, David Thomas appointed
director
2022-07-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-09-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-23
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-07-15
🔒
Charge registered #4
Lender: The Royal Bank of Scotland PLC
2019-10-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-10-02
📄
accounts-with-accounts-type-full
accounts · AA
2017-10-07
📄
accounts-with-accounts-type-full
accounts · AA
2017-07-10
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2017-07-03
📄
change-person-director-company-with-change-date
officers · CH01
2017-07-03
📄
change-person-director-company-with-change-date
officers · CH01
2016-12-06
➕
MONCRIEFF, Stuart Alistair appointed
director
2016-11-28
➖
FINLAY, George resigned
director
2016-03-07
🔓
Charge satisfied #3
2012-12-14
➖
WILSON, Alistair Johnston resigned
director
2012-07-06
➕
WILSON, Alistair Johnston appointed
director
2012-05-07
➕
BELL, Martin Armstrong appointed
secretary
2012-05-07
➖
PEACOCK, Jacqueline Elizabeth resigned
secretary
2012-05-07
➖
PEACOCK, Jacqueline Elizabeth resigned
director
2010-07-23
➖
FORSYTH, Robert Maxwell Boyd resigned
director
2009-06-30
🔓
Charge satisfied #2
2009-06-30
🔓
Charge satisfied #1
2008-07-08
🔒
Charge registered #3
Lender: Royal Bank of Scotland PLC
2008-03-03
➕
FINLAY, George appointed
director
2007-08-27
➕
PEACOCK, Jacqueline Elizabeth appointed
director
2007-04-12
➖
BELL, Elsie Armstrong resigned
director
2005-10-12
➖
BELL, Neil William resigned
secretary
2005-10-12
➕
PEACOCK, Jacqueline Elizabeth appointed
secretary
2005-10-12
➖
BELL, Neil William resigned
director
1998-01-01
➕
BELL, Martin Armstrong appointed
director
1990-07-01
➕
FORSYTH, Robert Maxwell Boyd appointed
director
1983-08-23
🔒
Charge registered #2
Lender: Clydesdale Bank Public Limited Company
1983-07-08
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
1982-01-18
🏢
Company incorporated
As BELL BUILDING PROJECTS LIMITED

Owner dependency

65/100

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.
+Founder name in company name: Company name contains director surname "BELL" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

50/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
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.

Group structure

Armstrong & Sutherland Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Armstrong & Sutherland Ltd

Corporate parent · holds 75-100% shares

ultimate parent

⬇

BELL BUILDING PROJECTS LIMITED

This company · SC077211

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Armstrong & Sutherland Ltd Corporate entity	75–100%	—	75-100% shares	01/07/2017

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 →

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BLUEVALE STRUCTURES LIMITED→ SC311745 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
BLYTE CONTRACTORS LIMITED→ SC476769 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
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BO-GAS GASMAN SERVICES LTD→ SC859552 · est 2025 · no financials extracted	—	—	—	—	—	—	—
BOILER REPAIRS & SERVICES LTD→ SC818148 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
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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

Incorporated1982-01-18

Jurisdictionscotland

Primary SIC41201 — Construction of commercial buildings

Registered office

19 Robert Drive, Helen Street

Glasgow

Lanarkshire

G51 3HE

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-07-06

Last: 2025-06-22