BANNERMAN DEVELOPMENTS LIMITED
🌳Matureactive
SC080817 · ltd · incorporated 1982-11-12
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 Jan 2025
Net worth
—
book net assets
Opportunity
69/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueProperty-backed borrower. Reasonable fundamentals — worth a memo before deciding.
Opportunity 69/100 (strong), bankability 57/100. 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. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100).
🏦
Refinance opportunity
23 live charges · 4 lenders · oldest 33.5y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 33.5 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
23 charges (23/23 with lender, 23/23 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 4 with DOB)
83
Ownership & PSC
3 active PSC(s) of 5 total, 5 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
143 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-01-31 | 2024-01-31 |
|---|---|---|
| Average employees | 200 | 300 |
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
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (57 events)Click to expand
- 2025-12-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-19📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-09-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-09-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-09-19📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-09-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-02-23➖MAURITZEN, Fiona Margaret resigneddirector
- 2023-10-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-07📄change-person-director-company-with-change-dateofficers · CH01
- 2021-09-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-02-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-02-04📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-02-04📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-02-04📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-02-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-27➖MAURITZEN, Carl Maurice John resigneddirector
- 2016-04-11🔒Charge registered #24Lender: Bank of Scotland PLC
- 2016-03-14➕MAURITZEN, Andrew Scott appointedsecretary
- 2016-03-14➕MAURITZEN, Andrew Scott appointeddirector
- 2016-03-14➕MAURITZEN, Peter Greig appointeddirector
- 2016-03-14➖MAURITZEN, Fiona Margaret resignedsecretary
- 2015-08-27🔒Charge registered #23Lender: Bank of Scotland PLC
- 2015-04-08🔓Charge satisfied #5
- 2014-01-06🔒Charge registered #22Lender: Bank of Scotland PLC
- 2013-12-12🔒Charge registered #21Lender: Bank of Scotland PLC
- 2013-12-12🔒Charge registered #20Lender: Bank of Scotland PLC
- 2013-12-12🔒Charge registered #19Lender: Bank of Scotland PLC
- 2012-04-11🔓Charge satisfied #10
- 2012-04-11🔓Charge satisfied #7
- 2012-04-06🔒Charge registered #18Lender: Bank of Scotland PLC
- 2012-04-06🔒Charge registered #17Lender: Bank of Scotland PLC
- 2012-04-06🔒Charge registered #16Lender: Bank of Scotland PLC
- 2012-04-06🔒Charge registered #15Lender: Bank of Scotland PLC
- 2012-04-06🔒Charge registered #14Lender: Bank of Scotland PLC
- 2012-04-06🔒Charge registered #13Lender: Bank of Scotland PLC
- 2012-04-06🔒Charge registered #12Lender: Bank of Scotland PLC
- 2012-04-03🔓Charge satisfied #9
- 2012-04-03🔓Charge satisfied #8
- 2012-04-03🔓Charge satisfied #2
- 2012-03-29🔒Charge registered #11Lender: Bank of Scotland PLC
- 2004-01-30🔓Charge satisfied #3
- 2003-12-05🔒Charge registered #10Lender: Clydesdale Bank Public Limited Company
- 2000-09-01🔓Charge satisfied #6
- 1998-12-07🔓Charge satisfied #4
- 1995-04-04🔒Charge registered #9Lender: Scottish Homes
- 1995-04-03🔒Charge registered #8Lender: Clydesdale Bank Public Limited Company
Showing most recent 50 of 57 events
Owner dependency
66/100
High — earn-out structure requiredMaterial 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.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
51/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 43 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 · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
14 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Richard Hans Mauritzen Individual · British · DOB 03/1969 · age 57 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 23/02/2024 |
Mr Andrew Scott Mauritzen Individual · British · DOB 07/1973 · age 53 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 27/10/2020 |
Mr Peter Greig Mauritzen Individual · British · DOB 03/1973 · age 53 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 27/10/2020 |
2 historic (ceased) PSCs
- Mrs Fiona Margaret Mauritzenceased 23/02/2024· 25-50% shares · 25-50% voting · board control
- Mr Carl Maurice John Mauritzenceased 27/10/2020· 25-50% shares · 25-50% voting · board control
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 · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BORDEAUX HOMES LTD→ SC808208 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BOUQUET TROIS LIMITED→ SC131116 · est 1991 · no financials extracted | — | — | — | — | 35y | — | — |
| BOW & CO PROPERTY LTD→ SC843435 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BOXROOM INVESTMENTS LIMITED→ SC593595 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| BRAE ( 330 LINLITHGOW ) LIMITED→ SC755055 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| BREAKWATER PROPERTIES LTD→ SC555320 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| BREATHTAKING PROPERTIES LTD→ SC860007 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BRIDGEND GM LIMITED→ SC611861 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| BRIDGES PROPERTIES LIMITED→ SC686820 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| BRIGHTSTONE HOLDINGS LIMITED→ SC686816 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| BRIJESH PROPERTY LTD→ SC873781 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BRILLIANT LETTING LTD→ SC849281 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated1982-11-12
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
108 Blackford Avenue
Edinburgh
EH9 3HH
Scotland
Filing status
Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-03-09
Last: 2026-02-23
Officers (3 active · 3 resigned)
MAURITZEN, Andrew Scott→
Activesecretary · appointed 2016-03-14
View their other companies + combined net worth →
MAURITZEN, Andrew Scott→
Activedirector · ~53y · appointed 2016-03-14
View their other companies + combined net worth →
MAURITZEN, Peter Greig→
Activedirector · ~55y · appointed 2016-03-14
View their other companies + combined net worth →
MAURITZEN, Fiona Margaret→
Resignedsecretary · resigned 2016-03-14
MAURITZEN, Carl Maurice John→
Resigneddirector · ~88y · resigned 2020-10-27
MAURITZEN, Fiona Margaret→
Resigneddirector · ~81y · resigned 2024-02-23
Click a director name to see their full track record across all companies.
Mortgages & charges
23
Total charges
14
Outstanding
1
Active lenders
Status:Lender:23 of 23 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 11/04/2016 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 27/08/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 06/01/2014 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 12/12/2013 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 12/12/2013 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 12/12/2013 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 06/04/2012 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 06/04/2012 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 06/04/2012 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Standard security | 2 properties | 06/04/2012 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 06/04/2012 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 06/04/2012 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 06/04/2012 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Floating charge | 1 property | 29/03/2012 | — | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 05/12/2003 | 11/04/2012 | |
| satisfied | Scottish Homes | Standard security | 1 property | 04/04/1995 | 03/04/2012 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 03/04/1995 | 03/04/2012 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 30/03/1995 | 11/04/2012 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 19/08/1993 | 01/09/2000 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 19/08/1993 | 08/04/2015 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 19/08/1993 | 07/12/1998 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 06/08/1993 | 30/01/2004 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 03/11/1992 | 03/04/2012 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (143 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-17
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-09-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-09-19
termination-director-company-with-name-termination-date
officers · TM01
2024-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-19
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-27