ROSS & LIDDELL LIMITED

📉Decliningactive
SC097770 · ltd · incorporated 1986-03-11
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
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
  • · Lifecycle stage drifting downward
  • · Currently "declining"
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Management of real estate on a fee or contract basis
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 79/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 5 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

5 live charges · oldest 39.1y

65/100
clean up first

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

  • · Oldest live charge is 39.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 30/100 — 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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
15 officers (4 active, 15 linked, 13 with DOB)
87
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
157 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
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
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £1,586,852

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Profit before tax£1.59M£2.31M
Average employees1009400

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

🔒Filing-note intelligence

3 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
0
filings
Last 180 days
3
filings
  • • 1 confirmation-statement
  • • 1 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (45 events)Click to expand
  1. 2026-02-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-12-16
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2025-01-14
    ➖
    MORRISON, Lisa resigned
    director
  4. 2025-01-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2024-12-18
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2024-01-05
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2023-12-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2023-12-15
    ➖
    BAIRD, Gavin Hamilton resigned
    director
  9. 2023-09-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2023-09-01
    ➕
    MORRISON, Lisa appointed
    director
  11. 2022-12-21
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 2021-12-22
    📄
    accounts-with-accounts-type-full
    accounts · AA
  13. 2021-08-16
    ➕
    HARKINS, Jennifer Lee appointed
    director
  14. 2021-08-16
    ➕
    BAIRD, Gavin Hamilton appointed
    director
  15. 2021-08-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2021-08-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2020-12-22
    📄
    accounts-with-accounts-type-full
    accounts · AA
  18. 2019-12-18
    📄
    accounts-with-accounts-type-full
    accounts · AA
  19. 2019-04-30
    📄
    capital-return-purchase-own-shares
    capital · SH03
  20. 2019-04-24
    📄
    capital-name-of-class-of-shares
    capital · SH08
  21. 2019-04-24
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  22. 2019-04-24
    📄
    resolution
    resolution · RESOLUTIONS
  23. 2019-04-15
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  24. 2019-04-03
    ➖
    DEVENNY, Irene Campbell resigned
    director
  25. 2019-03-31
    ➖
    FULTON, Brian William resigned
    director
  26. 2016-03-31
    ➖
    GILROY, Gerald resigned
    director
  27. 2013-02-28
    ➖
    BROLLY, John resigned
    director
  28. 2012-12-31
    ➖
    BAGNALL, Keith Robert resigned
    director
  29. 2012-12-31
    ➖
    HARRIS, John Henry resigned
    director
  30. 2010-04-30
    ➖
    FULTON, James Jack resigned
    director
  31. 2007-12-01
    ➕
    CUNNINGHAM, Andrew Jack appointed
    director
  32. 2007-12-01
    ➕
    GILROY, Gerald appointed
    director
  33. 2007-03-01
    ➕
    FULTON, Brian William appointed
    director
  34. 2005-04-01
    ➕
    CASSIDY, Alexander appointed
    director
  35. 2001-03-13
    ➕
    CASSIDY, Alexander appointed
    secretary
  36. 2001-03-13
    ➖
    HARRIS, John Henry resigned
    secretary
  37. 1997-01-28
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
  38. 1995-08-03
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  39. 1995-04-25
    ➖
    MCCANN, James resigned
    director
  40. 1994-04-01
    ➕
    BROLLY, John appointed
    director
  41. 1994-04-01
    ➕
    DEVENNY, Irene Campbell appointed
    director
  42. 1990-05-14
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  43. 1990-05-14
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  44. 1987-04-15
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  45. 1986-03-11
    🏢
    Company incorporated
    As ROSS & LIDDELL LIMITED

Owner dependency

68/100
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 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 40 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 low
5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Alexander Cassidy
Individual · British · DOB 11/1966 · age 60
25–50%
25–50%board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence · firm interest28/12/2016
Mr Andrew Jack Cunningham
Individual · British · DOB 03/1970 · age 56
25–50%
25–50%board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence · firm interest28/12/2016
1 historic (ceased) PSC
  • Mrs Irene Campbell Devennyceased 03/04/2019· 25-50% shares · 25-50% voting · board control · significant influence · firm interest

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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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
Incorporated1986-03-11
Jurisdictionscotland
Primary SIC68320 — Management of real estate on a fee or contract basis

Registered office

60 St Enoch Square
Glasgow
G1 4AW

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-07
Last: 2025-12-24

Officers (4 active · 11 resigned)

CASSIDY, Alexander→
secretary · appointed 2001-03-13
View their other companies + combined net worth →
Active
CASSIDY, Alexander→
director · ~60y · appointed 2005-04-01
View their other companies + combined net worth →
Active
CUNNINGHAM, Andrew Jack→
director · ~56y · appointed 2007-12-01
View their other companies + combined net worth →
Active
HARKINS, Jennifer Lee→
director · ~41y · appointed 2021-08-16
View their other companies + combined net worth →
Active
HARRIS, John Henry→
secretary · resigned 2001-03-13
Resigned
BAGNALL, Keith Robert→
director · ~79y · resigned 2012-12-31
Resigned
BAIRD, Gavin Hamilton→
director · ~43y · appointed 2021-08-16 · resigned 2023-12-15
Resigned
BROLLY, John→
director · ~73y · appointed 1994-04-01 · resigned 2013-02-28
Resigned
DEVENNY, Irene Campbell→
director · ~69y · appointed 1994-04-01 · resigned 2019-04-03
Resigned
FULTON, Brian William→
director · ~65y · appointed 2007-03-01 · resigned 2019-03-31
Resigned
FULTON, James Jack→
director · ~76y · resigned 2010-04-30
Resigned
GILROY, Gerald→
director · ~71y · appointed 2007-12-01 · resigned 2016-03-31
Resigned
HARRIS, John Henry→
director · ~81y · resigned 2012-12-31
Resigned
MCCANN, James→
director · ~91y · resigned 1995-04-25
Resigned
MORRISON, Lisa→
director · ~42y · appointed 2023-09-01 · resigned 2025-01-14
Resigned

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

Mortgages & charges

5
Total charges
5
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security2 properties28/01/1997—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security2 properties03/08/1995—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property14/05/1990—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security2 properties14/05/1990—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property15/04/1987—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (157 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-02
change-person-director-company-with-change-date
officers · CH01
2026-02-02
accounts-with-accounts-type-full
accounts · AA
2025-12-16
termination-director-company-with-name-termination-date
officers · TM01
2025-01-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-24
accounts-with-accounts-type-full
accounts · AA
2024-12-18
accounts-with-accounts-type-full
accounts · AA
2024-01-05
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-28
termination-director-company-with-name-termination-date
officers · TM01
2023-12-27
appoint-person-director-company-with-name-date
officers · AP01
2023-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-05
accounts-with-accounts-type-full
accounts · AA
2022-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-29
accounts-with-accounts-type-full
accounts · AA
2021-12-22
appoint-person-director-company-with-name-date
officers · AP01
2021-08-16