QUEEN'S CROSS WORKSPACE LIMITED
🌳Matureactive
SC081390 · private-limited-guarant-nsc · incorporated 1983-01-07
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
—
not disclosed
Net worth
—
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 86-year-old founder — textbook succession opportunity.
Opportunity 74/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 86). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).
🏦
Refinance opportunity
17 live charges · 6 lenders · oldest 35.8y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 35.8 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 63/100 (high).
Data confidence
Overall: medium (59/100)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
No iXBRL financials extracted
0
Lenders & charges
17 charges (17/17 with lender, 17/17 with type)
90
Directors & officers
79 officers (5 active, 79 linked, 68 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
219 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
66
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
4
filings
- • 3 officers
- • 1 confirmation-statement
Last 180 days
4
filings
- • 3 officers
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (170 events)Click to expand
- 2026-03-23➖ABU ROROBI, Josephine resigneddirector
- 2026-03-23➖MARTIN, Sharon resigneddirector
- 2026-03-23➖MCLEAN, Ian resigneddirector
- 2026-03-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-04➖ELRICK, Ian resigneddirector
- 2025-09-04📄accounts-with-accounts-type-smallaccounts · AA
- 2024-12-04📄change-person-director-company-with-change-dateofficers · CH01
- 2024-12-04📄change-person-director-company-with-change-dateofficers · CH01
- 2024-12-04📄change-person-director-company-with-change-dateofficers · CH01
- 2024-12-04📄change-person-director-company-with-change-dateofficers · CH01
- 2024-12-04📄change-person-director-company-with-change-dateofficers · CH01
- 2024-12-04📄change-person-director-company-with-change-dateofficers · CH01
- 2024-12-04📄change-person-director-company-with-change-dateofficers · CH01
- 2024-12-04📄change-person-director-company-with-change-dateofficers · CH01
- 2024-09-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-09-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-09-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-09-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-09-09➕STERGAR, Louise Anna appointeddirector
- 2024-09-09➕ABU ROROBI, Josephine appointeddirector
- 2024-09-09➕MARTIN, Sharon appointeddirector
- 2024-09-05➖HORNER, David John resigneddirector
- 2024-09-05📄accounts-with-accounts-type-smallaccounts · AA
- 2023-09-14📄accounts-with-accounts-type-groupaccounts · AA
- 2023-07-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-07-28🔓Charge satisfied #7
- 2022-09-21📄change-person-director-company-with-change-dateofficers · CH01
- 2021-09-09➕SHANKLAND, James appointeddirector
- 2020-11-05➖MILLIGAN, Derrick Finlay resigneddirector
- 2019-11-07➕MCDADE, Eileen appointedsecretary
- 2019-11-07➖MCLEAN, Ian resignedsecretary
- 2019-10-18➕ELRICK, Ian appointeddirector
- 2018-05-17➖KELLY, Robert Joseph resigneddirector
- 2014-11-25➖WILLIAMS, Colin resigneddirector
- 2013-12-19➕GORDON, Sadie appointeddirector
- 2013-12-08➖BEATON, Alexander Andrew resigneddirector
- 2013-11-26➖SOMERS, Kathleen resigneddirector
- 2013-09-16➖GRAY, John resigneddirector
- 2012-12-03➕BEATON, Alexander Andrew appointeddirector
- 2012-12-03➕KELLY, Robert Joseph appointeddirector
- 2012-12-03➕MILLIGAN, Derrick Finlay appointeddirector
- 2012-09-18➕HORNER, David John appointeddirector
- 2011-08-12➕MCLEAN, Ian appointedsecretary
- 2011-06-02➖IGGO, Derek Angus resignedsecretary
- 2011-06-02➖IGGO, Derek Angus resigneddirector
- 2011-03-14➖DILLON, Margaret Jean resigneddirector
- 2011-01-20➖DEVERS, Emily resigneddirector
Showing most recent 50 of 170 events
Owner dependency
65/100
High — earn-out structure requiredMaterial 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 21 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 86 — succession pressure is live.
Succession & seller-readiness
80/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 86 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 21 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
2 med · 1 low4 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: ABU ROROBI, Josephine resigned 2026-03-23; ELRICK, Ian resigned 2025-09-04; MARTIN, Sharon resigned 2026-03-23
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
10 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Queens Cross Housing Association holds 25-50% — a significant corporate investor but not a controlling parent.
🏛️
Queens Cross Housing Association
Corporate parent · board control
⬇
QUEEN'S CROSS WORKSPACE LIMITED
This company · SC081390
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Queens Cross Housing Association Corporate entity | — | — | board controlboard control | 01/04/2019 |
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 · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| S.M. PROPERTIES (SCOTLAND) LIMITED→ SC359990 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| SIMPSON CAPITAL LIMITED→ SC832059 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| SIMPSON-BROWN LIMITED→ SC036999 · est 1961 · no financials extracted | — | — | — | — | 64y | — | — |
| SINDS INVESTMENTS LTD→ SC817617 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| SINGH PRIME LETTINGS LTD→ SC853030 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| SISI PROPERTY SOLUTIONS LTD→ SC777539 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| SISTERS PROPERTIES (SCOTLAND) LIMITED→ SC490111 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| SKYE VIEW LTD→ SC649555 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| SL PROPERTY INVESTING LTD→ SC867467 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| SLAN ABHAILE LTD.→ SC343838 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| SMART MOVE LETTING MANAGEMENT LTD→ SC333608 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| SMART PROPERTY LETTINGS LTD→ SC810476 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Typeprivate-limited-guarant-nsc
Incorporated1983-01-07
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
45 Firhill Road
Glasgow
G20 7BA
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-06
Last: 2026-03-23
Officers (5 active · 74 resigned)
Active
GORDON, Sadie→
Activedirector · ~86y · appointed 2013-12-19
View their other companies + combined net worth →
MCDADE, Eileen→
Activedirector · ~69y · appointed 2005-11-07
View their other companies + combined net worth →
SHANKLAND, James→
Activedirector · ~72y · appointed 2021-09-09
View their other companies + combined net worth →
STERGAR, Louise Anna→
Activedirector · ~62y · appointed 2024-09-09
View their other companies + combined net worth →
DEVERS, Emily→
Resignedsecretary · resigned 2009-01-22
IGGO, Derek Angus→
Resignedsecretary · appointed 2009-01-22 · resigned 2011-06-02
MCLEAN, Ian→
Resignedsecretary · appointed 2011-08-12 · resigned 2019-11-07
ABU ROROBI, Josephine→
Resigneddirector · ~32y · appointed 2024-09-09 · resigned 2026-03-23
ANDREWS, Janet→
Resigneddirector · ~93y · appointed 1996-04-01 · resigned 1999-08-23
BEATON, Alexander Andrew→
Resigneddirector · ~71y · appointed 2012-12-03 · resigned 2013-12-08
BLACK, Rachel→
Resigneddirector · resigned 1992-01-31
CANNING, Winifred→
Resigneddirector · ~89y · resigned 1999-01-28
CARROLL, Hugh→
Resigneddirector · ~101y · appointed 1993-12-14 · resigned 2004-12-01
CARSON, Lynn→
Resigneddirector · ~82y · resigned 1992-08-24
CASSELLS, Kate→
Resigneddirector · ~66y · resigned 1992-08-24
CRAWFORD, Daniel→
Resigneddirector · ~75y · resigned 1992-01-31
DEVERS, Emily→
Resigneddirector · ~92y · appointed 2009-01-22 · resigned 2011-01-20
DEVERS, Emily→
Resigneddirector · ~92y · resigned 1992-01-31
DICKSON, Thomas→
Resigneddirector · resigned 1992-01-31
Click a director name to see their full track record across all companies.
Mortgages & charges
17
Total charges
10
Outstanding
4
Active lenders
Status:Lender:17 of 17 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 14/02/2005 | — | |
| outstanding | Isis Waterside Regeneration (General Partner) Isis Waterside Regeneration (General Partner) Limited | Standard security | 2 properties | 28/10/2004 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 05/07/2002 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 2 properties | 11/04/2001 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 09/03/2001 | 21/06/2005 | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 18/04/2000 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 29/10/1999 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 05/02/1998 | — | |
| outstanding | Lloyds Banking Group Tsb Bank Scotland PLC | Standard security | 1 property | 08/07/1996 | — | |
| outstanding | Glasgow Development Agency | Standard security | 1 property | 14/06/1995 | — | |
| satisfied | Lloyds Banking Group Tsb Bank Scotland PLC | Standard security | 1 property | 02/06/1995 | 28/07/2023 | |
| satisfied | Lloyds Banking Group Tsb Bank Scotland PLC | Standard security | 2 properties | 02/06/1995 | 11/06/1998 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 04/04/1994 | 11/06/1998 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 01/04/1994 | 11/06/1998 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 21/09/1990 | 21/06/2005 | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 31/08/1990 | — | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 11/07/1990 | 20/12/1993 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (219 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-23
termination-director-company-with-name-termination-date
officers · TM01
2026-03-23
termination-director-company-with-name-termination-date
officers · TM01
2026-03-23
termination-director-company-with-name-termination-date
officers · TM01
2026-03-23
termination-director-company-with-name-termination-date
officers · TM01
2025-09-19
accounts-with-accounts-type-small
accounts · AA
2025-09-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-29
change-person-director-company-with-change-date
officers · CH01
2024-12-04
change-person-director-company-with-change-date
officers · CH01
2024-12-04
change-person-director-company-with-change-date
officers · CH01
2024-12-04
change-person-director-company-with-change-date
officers · CH01
2024-12-04
change-person-director-company-with-change-date
officers · CH01
2024-12-04
change-person-director-company-with-change-date
officers · CH01
2024-12-04
change-person-director-company-with-change-date
officers · CH01
2024-12-04
change-person-director-company-with-change-date
officers · CH01
2024-12-04