SALE DEVELOPMENTS LIMITED

💤Zombieactive
SC102048 · ltd · incorporated 1986-11-26
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£2.84M
book net assets
Opportunity
77/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Asset-holding vehicle with a 67-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (78/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

18 live charges · 2 lenders · oldest 34.9y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 34.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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
18 charges (18/18 with lender, 18/18 with type)
90
Directors & officers
14 officers (1 active, 14 linked, 9 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
164 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
77/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £2,844,717
Cash YoY
+44%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£210k
↑ 44% YoY
Net Worth
£2.8m
↑ 2.2% YoY
Current Assets
£464k
↑ 15% YoY
Current Liabilities
—
£0£569k£1.1m£1.7m£2.3m£2.8mJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-31
Total assets£3.23M£3.17M
Current assets£463.6k£403.6k
Cash£210.3k£146.1k
Debtors£253.3k£257.5k
Net assets£2.84M£2.78M

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
0
filings
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (81 events)Click to expand
  1. 2025-12-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2025-07-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-12-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  4. 2024-12-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2024-09-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2024-09-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2024-06-14
    ➖
    FLETCHER, Carol Joy resigned
    director
  8. 2024-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-02-17
    ➕
    POTTINGER, Steven Charles appointed
    director
  10. 2024-02-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2024-01-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2024-01-25
    🔓
    Charge satisfied #5
  13. 2023-11-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2023-11-19
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  15. 2023-11-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2023-11-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2023-11-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2023-11-06
    ➖
    POTTINGER, Steven Charles resigned
    secretary
  19. 2023-11-06
    ➖
    POTTIINGER, Natasha Louise resigned
    director
  20. 2023-11-06
    ➖
    POTTINGER, Laura Grace resigned
    director
  21. 2023-11-06
    ➖
    POTTINGER, Ross Andrew resigned
    director
  22. 2023-11-06
    ➖
    POTTINGER, Steven Charles resigned
    director
  23. 2023-10-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2022-05-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2021-08-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2021-06-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  27. 2021-06-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  28. 2021-06-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  29. 2021-06-12
    🔓
    Charge satisfied #19
  30. 2021-06-12
    🔓
    Charge satisfied #18
  31. 2021-06-12
    🔓
    Charge satisfied #17
  32. 2021-06-12
    🔓
    Charge satisfied #16
  33. 2021-06-12
    🔓
    Charge satisfied #15
  34. 2021-06-12
    🔓
    Charge satisfied #14
  35. 2021-06-12
    🔓
    Charge satisfied #13
  36. 2021-06-12
    🔓
    Charge satisfied #12
  37. 2021-06-12
    🔓
    Charge satisfied #11
  38. 2021-06-12
    🔓
    Charge satisfied #10
  39. 2021-06-12
    🔓
    Charge satisfied #8
  40. 2021-06-12
    🔓
    Charge satisfied #7
  41. 2021-06-12
    🔓
    Charge satisfied #6
  42. 2020-09-25
    ➕
    POTTIINGER, Natasha Louise appointed
    director
  43. 2020-09-25
    ➕
    POTTINGER, Laura Grace appointed
    director
  44. 2020-09-25
    ➕
    POTTINGER, Ross Andrew appointed
    director
  45. 2019-06-28
    🔓
    Charge satisfied #4
  46. 2009-07-09
    ➖
    SALE, Paul resigned
    director
  47. 2000-03-24
    ➕
    POTTINGER, Steven Charles appointed
    secretary
  48. 2000-03-24
    ➖
    SALE, Morwen resigned
    secretary
  49. 2000-03-24
    ➕
    FLETCHER, Carol Joy appointed
    director
  50. 2000-03-24
    ➕
    POTTINGER, Steven Charles appointed
    director
Showing most recent 50 of 81 events

Owner dependency

90/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.

Succession & seller-readiness

65/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Westburn Investments Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Westburn Investments Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
SALE DEVELOPMENTS LIMITED
This company · SC102048

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Westburn Investments Ltd
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control29/11/2024
2 historic (ceased) PSCs
  • Ms Carol Joy Fletcherceased 29/11/2024· 75-100% shares · 75-100% voting · board control
  • Mr Steven Charles Pottingerceased 29/06/2020· 25-50% shares

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
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
RIVERSDALE MARKETING (SCOTLAND) LIMITED→
SC197233 · est 1999
£6.31M
£5.37M–£7.26M
—£6.31M—26y8361y
A. M. MACDONALD (ELECTRICAL ENGINEERS) LIMITED→
SC063317 · est 1977
£164.5k
£139.8k–£189.2k
—£164.5k—48y8284y
CARE DEVELOPMENTS LIMITED→
SC232613 · est 2002
£84.0k
£71.4k–£96.6k
—£84.0k—23y8376y
5-S CONSTRUCTION LIMITED→
SC312100 · est 2006
£66.8k
£56.8k–£76.9k
—£66.8k—19y8362y
GHH PROPERTIES LIMITED→
SC333171 · est 2007
£50.7k
£43.1k–£58.3k
—£50.7k—18y8358y
MORRIS LESLIE LIMITED→
SC092397 · est 1985
———4141y8871y
ALBERT PLACE PROPERTIES LIMITED→
SC299672 · est 2006
————20y8374y
GLENGASK LIMITED→
SC055519 · est 1974
———052y8359y
NEXT HOME (SCOTLAND) LTD.→
SC264812 · est 2004 · no financials extracted
————22y8374y
RUMENTS SAX LTD→
SC260359 · est 2003
———022y8359y
TRESCORP LIMITED→
SC111612 · est 1988
———037y8360y
ARATAIM LIMITED→
SC200267 · est 1999
———226y8279y
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
Incorporated1986-11-26
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Westburn House
Near Dunning
Perth
Perthshire
PH2 0QY

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-12-14
Last: 2025-11-30

Officers (1 active · 13 resigned)

POTTINGER, Steven Charles→
director · ~67y · appointed 2024-02-17
View their other companies + combined net worth →
Active
POTTINGER, Steven Charles→
secretary · appointed 2000-03-24 · resigned 2023-11-06
Resigned
RATTRAY, Louise→
secretary · appointed 1997-01-30 · resigned 1998-11-27
Resigned
RATTRAY, Robert L→
secretary · resigned 1997-01-30
Resigned
SALE, Morwen→
secretary · appointed 1999-08-23 · resigned 2000-03-24
Resigned
SALE, Paul→
secretary · appointed 1998-11-27 · resigned 1999-08-23
Resigned
FLETCHER, Carol Joy→
director · ~64y · appointed 2000-03-24 · resigned 2024-06-14
Resigned
POTTIINGER, Natasha Louise→
director · ~27y · appointed 2020-09-25 · resigned 2023-11-06
Resigned
POTTINGER, Laura Grace→
director · ~22y · appointed 2020-09-25 · resigned 2023-11-06
Resigned
POTTINGER, Ross Andrew→
director · ~25y · appointed 2020-09-25 · resigned 2023-11-06
Resigned
POTTINGER, Steven Charles→
director · ~67y · appointed 2000-03-24 · resigned 2023-11-06
Resigned
RATTRAY, Robert L→
director · ~86y · resigned 1999-08-25
Resigned
SALE, Paul→
director · ~58y · appointed 1991-10-01 · resigned 2009-07-09
Resigned
WATSON, Alistair G→
director · ~69y · resigned 1991-10-01
Resigned

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

Mortgages & charges

18
Total charges
0
Outstanding
0
Active lenders
Status:Lender:18 of 18 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property07/01/199812/06/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security6 properties30/12/199712/06/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property30/12/199712/06/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property05/06/199712/06/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property29/04/199712/06/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property29/04/199712/06/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property17/01/199612/06/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property17/01/199612/06/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property16/09/199312/06/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property22/06/199312/06/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property07/01/199312/06/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property05/11/199212/06/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property02/10/199212/06/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property02/10/199225/01/2024
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property01/09/199228/06/2019
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property31/10/199122/10/1992
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property05/08/199115/10/1993
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property20/06/199115/10/1993

Recent filings (164 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-02
termination-director-company-with-name-termination-date
officers · TM01
2025-12-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-12-02
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-12-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-30
appoint-person-director-company-with-name-date
officers · AP01
2024-02-17
mortgage-satisfy-charge-full
mortgage · MR04
2024-01-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-02
termination-director-company-with-name-termination-date
officers · TM01
2023-11-19
termination-secretary-company-with-name-termination-date
officers · TM02
2023-11-19
termination-director-company-with-name-termination-date
officers · TM01
2023-11-17