G.T.F. ASSOCIATES LIMITED

🌳Matureactive
SC139929 · ltd · incorporated 1992-08-25
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 33.3y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£70.7k
book net assets
Opportunity
82/100
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
Asset-holding vehicle with a 82-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 82). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 33.3y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 33.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (77/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
92 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
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
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 £70,731

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£71k
↑ 4.1% YoY
Current Assets
£7k
↑ 29% YoY
Current Liabilities
—
£0£14k£28k£42k£57k£71kJan 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£73.2k£70.5k
Current assets£7.4k£5.7k
Net assets£70.7k£68.0k

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

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 mortgage
Last 180 days
1
filing
  • • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-03-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2026-03-12
    🔓
    Charge satisfied #3
  3. 2025-10-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-10-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-08-05
    📄
    capital-allotment-shares
    capital · SH01
  6. 2024-08-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2024-08-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2023-10-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-10-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-10-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-10-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-10-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-09-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2016-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2015-10-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2010-07-24
    🔓
    Charge satisfied #1
  18. 1993-02-12
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  19. 1993-01-05
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  20. 1992-08-25
    🏢
    Company incorporated
    As G.T.F. ASSOCIATES LIMITED
  21. 1992-08-25
    ➕
    MARR, Thomas Cunningham Stewart appointed
    secretary
  22. 1992-08-25
    ➕
    CUNNINGHAM, Gordon Lindsay appointed
    director
  23. 1992-08-25
    ➕
    MARR, Thomas Cunningham Stewart appointed
    director
  24. 1992-08-25
    ➕
    REID, Brian appointed
    nominee-secretary
  25. 1992-08-25
    ➖
    REID, Brian resigned
    nominee-secretary
  26. 1992-08-25
    ➕
    MABBOTT, Stephen appointed
    nominee-director
  27. 1992-08-25
    ➖
    MABBOTT, Stephen resigned
    nominee-director

Owner dependency

83/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 34 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 82 — succession pressure is live.

Succession & seller-readiness

96/100
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 82 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 34 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Gordon Lindsay Cunningham
Individual · British · DOB 03/1957 · age 69
25–50%
—25-50% shares01/09/2023
1 historic (ceased) PSC
  • Mrs Evelyn Anne Cunninghamceased 01/09/2023· 25-50% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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———————
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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1992-08-25
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

17 Rankin Drive
Largs
Ayrshire
KA30 9DA

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-08-16
Last: 2025-08-02

Officers (3 active · 2 resigned)

MARR, Thomas Cunningham Stewart→
secretary · appointed 1992-08-25
View their other companies + combined net worth →
Active
CUNNINGHAM, Gordon Lindsay→
director · ~69y · appointed 1992-08-25
View their other companies + combined net worth →
Active
MARR, Thomas Cunningham Stewart→
director · ~82y · appointed 1992-08-25
View their other companies + combined net worth →
Active
REID, Brian→
nominee-secretary · appointed 1992-08-25 · resigned 1992-08-25
Resigned
MABBOTT, Stephen→
nominee-director · ~76y · appointed 1992-08-25 · resigned 1992-08-25
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property12/02/199312/03/2026
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property05/01/199324/07/2010

Recent filings (92 total)

mortgage-satisfy-charge-full
mortgage · MR04
2026-03-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-30
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-05
capital-allotment-shares
capital · SH01
2024-08-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-08-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-08-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-09
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-02
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-13
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-26