STATION WORKS PROPERTIES LTD.

🌳Matureactive

SC083127 · ltd · incorporated 1983-05-16

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.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 42.5y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2025

Net worth

£39.9k

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

Property-backed borrower with a 79-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 79). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 42.5y

50/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 42.5 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 25/100 — workable, but lender will want more DD.

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

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

5 officers (3 active, 5 linked, 4 with DOB)

Ownership & PSC

3 active PSC(s) of 3 total, 3 with control declared

Director network

1 connected companies via shared directors

Filing history

98 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

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

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 · FRS 105 (micro)

Positive net assets

Net assets £39,921

Net assets shrinking

Down £141 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£40k

~ YoY

Current Assets

£19k

↓ 28% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-12-31	2024-12-31
Total assets	£66.1k	£76.0k
Current assets	£19.4k	£27.1k
Net assets	£39.9k	£40.1k

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

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (26 events)Click to expand

2026-03-23
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-05
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-06
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-23
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-02-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-02-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-08-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-07-26
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2018-07-17
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2018-05-31
➖
COWLEY, Joan Martin resigned
secretary
2018-05-31
➖
COWLEY, Joan Martin resigned
director
2018-05-31
📄
termination-director-company-with-name-termination-date
officers · TM01
2018-05-31
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2018-05-01
📄
resolution
resolution · RESOLUTIONS
2018-04-30
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2018-04-10
📄
capital-return-purchase-own-shares
capital · SH03
2017-07-31
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2009-09-01
➕
BROWN, Jonathan Gordon Mcgavin appointed
director
2009-04-09
🔓
Charge satisfied #4
2003-05-21
➕
YELLOWLEY, Heather Alison appointed
director
1987-08-04
🔒
Charge registered #4
Lender: Scottish Development Agency
1986-03-05
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
1983-11-24
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
1983-05-16
🏢
Company incorporated
As STATION WORKS PROPERTIES LTD.

Owner dependency

75/100

High — earn-out structure required

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

FACTORS

+Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 79 — succession pressure is live.

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 79 years old. Natural succession window is now.
primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

3 active beneficial owners · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr David Douglas Cowley Individual · British · DOB 03/1947 · age 79	75–100%	—	75-100% shares	06/04/2016
Mr David Douglas Cowley Individual · British · DOB 03/1947 · age 79	75–100%	75–100%	75-100% shares · 75-100% voting	06/04/2016
Mrs Joan Martin Cowley Individual · British · DOB 10/1946 · age 80	25–50%	—	25-50% shares	29/06/2018

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 · DD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
J & E NOMINEES LIMITED→ SC237007 · est 2002	£3.06M £2.60M–£3.52M	—	£3.06M	—	23y	83	66y
MNA (SCOTLAND) LIMITED→ SC283813 · est 2005	£637.9k £542.2k–£733.6k	—	£637.9k	—	21y	83	60y
THE OLD MILL COMPANY (DUNDEE) LIMITED→ SC250344 · est 2003	£16.4k £13.9k–£18.9k	—	£16.4k	—	22y	83	62y
LOW HOLDINGS (SCOTLAND) LIMITED→ SC412906 · est 2011	—	—	—	400	14y	84	74y
CKS PROPERTIES LIMITED→ SC295259 · est 2006	—	—	—	5	20y	83	67y
EAST OF SCOTLAND COLOUR PRINT LIMITED→ SC343575 · est 2008	—	—	—	4	17y	83	63y
H & H PROPERTIES (UK) LIMITED→ SC267997 · est 2004	—	—	—	2300	21y	83	73y
PANMURE NEWS LIMITED→ SC336255 · est 2008	—	—	—	0	18y	83	62y
RDA PROPERTIES LIMITED→ SC232593 · est 2002	—	—	—	0	23y	83	85y
WESTWATER ESTATES LIMITED→ SC288351 · est 2005	—	—	—	300	20y	83	60y
WALKER CRAVEN HOMES LIMITED→ SC315031 · est 2007 · no financials extracted	—	—	—	—	19y	—	—
WEST END OFFICE SUITES (DUNDEE) LTD→ SC717149 · est 2021 · no financials extracted	—	—	—	—	4y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated1983-05-16

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

2 H & G Macdonald Ca

2 Hillpark Road

Newport-On-Tay

Fife

DD6 8PR

Scotland

Filing status

Accounts

Next due: 2027-09-30

Last made up to: 2025-12-31

Confirmation statement

Next due: 2026-07-27

Last: 2025-07-13

Officers (3 active · 2 resigned)

BROWN, Jonathan Gordon Mcgavin→

director · ~73y · appointed 2009-09-01

View their other companies + combined net worth →

Active

COWLEY, David Douglas→

director · ~79y

View their other companies + combined net worth →

Active

YELLOWLEY, Heather Alison→

director · ~53y · appointed 2003-05-21

View their other companies + combined net worth →

Active

COWLEY, Joan Martin→

secretary · resigned 2018-05-31

Resigned

COWLEY, Joan Martin→

director · ~80y · resigned 2018-05-31

Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
satisfied	Scottish Development Agency	Standard security	1 property	04/08/1987	09/04/2009
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	05/03/1986	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	24/11/1983	—

Click column headers to sort. Use filters above to narrow by status and lender.