VERIMAC (NO 25) LIMITED
🌳Matureactive
SC092024 · ltd · incorporated 1985-03-06
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 Mar 2025
Net worth
—
book net assets
Opportunity
72/100
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 83-year-old founder — textbook succession opportunity.
Opportunity 72/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 83). 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: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
8 live charges · 3 lenders · oldest 37.8y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 37.8 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 (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
75
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
167 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
66
Some moderate concerns — review 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 | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 4 | 400 |
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
0
filings
Last 90 days
7
filings
- • 2 officers
- • 2 persons-with-significant-control
- • 1 confirmation-statement
Last 180 days
8
filings
- • 2 officers
- • 2 persons-with-significant-control
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
- 2026-02-24📄resolutionresolution · RESOLUTIONS
- 2026-02-24📄capital-name-of-class-of-sharescapital · SH08
- 2026-02-24📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2026-02-23📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-02-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-02-20📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2026-01-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-12-01➖BLAIR, Jennifer Frances resignedsecretary
- 2025-12-01➖BLAIR, Jennifer Frances resigneddirector
- 2024-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-20📄notification-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC08
- 2023-12-20📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-12-20📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-12-11📄capital-name-of-class-of-sharescapital · SH08
- 2023-12-07📄memorandum-articlesincorporation · MA
- 2023-12-07📄resolutionresolution · RESOLUTIONS
- 2023-11-09📄capital-alter-shares-subdivisioncapital · SH02
- 2023-11-03📄resolutionresolution · RESOLUTIONS
- 2023-11-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-10-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-10-23📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-09-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-01-09🔒Charge registered #8Lender: Bank of Scotland PLC
- 2022-04-26➕WHYTE, Jillian Louise appointeddirector
- 2021-04-02🔒Charge registered #7Lender: Perth and Kinross Council
- 2018-12-28➕BLAIR, Elaine Michelle appointeddirector
- 2017-11-20🔒Charge registered #6Lender: Bank of Scotland PLC
- 2017-01-06🔒Charge registered #5Lender: Bank of Scotland PLC
- 2013-11-19🔓Charge satisfied #2
- 2013-07-05🔒Charge registered #4Lender: Bank of Scotland PLC
- 2013-07-04🔓Charge satisfied #1
- 2013-06-12🔒Charge registered #3Lender: Bank of Scotland PLC
- 2006-04-11➕BLAIR, Jennifer Frances appointedsecretary
- 2006-04-11➖ANDERSON STRATHERN WS resignedcorporate-secretary
- 1992-09-01➕ANDERSON STRATHERN WS appointedcorporate-secretary
- 1992-09-01➖MESSRS J & F ANDERSON WS resignedcorporate-secretary
- 1988-07-15🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 1988-07-14🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1985-03-06🏢Company incorporatedAs VERIMAC (NO 25) LIMITED
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Founder age: Director aged approximately 83 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
70/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 83 years old. Natural succession window is now.
- secondaryStable-but-static management: Company is 41 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 med · 1 low2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: BLAIR, Jennifer Frances resigned 2025-12-01; BLAIR, Jennifer Frances resigned 2025-12-01
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
6 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Brian Mcneill Blair Individual · British · DOB 11/1943 · age 83 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/12/2025 |
2 historic (ceased) PSCs
- Mr Brian Mcneill Blairceased 14/11/2023· 25-50% shares · 25-50% voting
- Ms Jennifer Frances Blairceased 14/11/2023· 25-50% shares · 25-50% voting
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 · PH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 5-S CONSTRUCTION LIMITED→ SC312100 · est 2006 | £66.8k £56.8k–£76.9k | — | £66.8k | — | 19y | 83 | 62y |
| MORRIS LESLIE LIMITED→ SC092397 · est 1985 | — | — | — | 41 | 41y | 88 | 71y |
| ALBERT PLACE PROPERTIES LIMITED→ SC299672 · est 2006 | — | — | — | — | 20y | 83 | 74y |
| SECOND COAST LIMITED→ SC681818 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| SMURRANLEY INVESTMENTS LTD→ SC713971 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| SPROG HOLDINGS LTD→ SC835035 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| STRATHALLAN PROPERTIES LTD→ SC711443 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| THE CAIRN PARTNERSHIP LIMITED→ SC286211 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| TRAMPS LIKE US LTD→ SC858533 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| TRESCORP LIMITED→ SC111612 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
| WASTED DEGREES HOLDINGS LTD→ SC766712 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| WAYNE ROBERTSON PROPERTIES LIMITED→ SC656399 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
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
Typeltd
Incorporated1985-03-06
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
4 Albert Place
Perth
PH2 8JE
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-22
Last: 2025-12-08
Officers (3 active · 4 resigned)
Active
BLAIR, Elaine Michelle→
Activedirector · ~54y · appointed 2018-12-28
View their other companies + combined net worth →
WHYTE, Jillian Louise→
Activedirector · ~50y · appointed 2022-04-26
View their other companies + combined net worth →
BLAIR, Jennifer Frances→
Resignedsecretary · appointed 2006-04-11 · resigned 2025-12-01
ANDERSON STRATHERN WS→
Resignedcorporate-secretary · appointed 1992-09-01 · resigned 2006-04-11
MESSRS J & F ANDERSON WS→
Resignedcorporate-secretary · resigned 1992-09-01
BLAIR, Jennifer Frances→
Resigneddirector · ~81y · resigned 2025-12-01
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
6
Outstanding
2
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 09/01/2023 | — | |
| outstanding | Perth and Kinross Council | A registered charge | 1 property | 02/04/2021 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 20/11/2017 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 06/01/2017 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 05/07/2013 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 12/06/2013 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 15/07/1988 | 19/11/2013 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 14/07/1988 | 04/07/2013 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (167 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-04
resolution
resolution · RESOLUTIONS
2026-02-24
capital-name-of-class-of-shares
capital · SH08
2026-02-24
termination-secretary-company-with-name-termination-date
officers · TM02
2026-02-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-02-23
termination-director-company-with-name-termination-date
officers · TM01
2026-02-20
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2026-02-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-11
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-03
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2023-12-20
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-12-20
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-12-20
capital-name-of-class-of-shares
capital · SH08
2023-12-11