DRUMSMITTAL PROPERTIES LIMITED

🌳Matureactive
SC145579 · ltd · incorporated 1993-07-22
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 32.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£882.7k
book net assets
Opportunity
76/100
Strong
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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 61-year-old founder — textbook succession opportunity.

Opportunity 76/100 (strong), bankability 65/100. Strong seller-intent signal (70/100, director aged 61). 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: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

9 live charges · 2 lenders · oldest 32.7y

50/100
clean up first

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

  • · Oldest live charge is 32.7 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
75
Lenders & charges
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
9 officers (3 active, 9 linked, 5 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
107 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
76/100Strong
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
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £882,719
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£94k
~ YoY
Net Worth
£883k
~ YoY
Current Assets
£115k
↑ 16% YoY
Current Liabilities
—
£0£177k£353k£530k£706k£883kMar 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
Total assets£921.3k£915.4k
Current assets£115.1k£99.2k
Cash£93.8k£93.5k
Debtors£21.3k£5.7k
Net assets£882.7k£876.7k

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (45 events)Click to expand
  1. 2025-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-12-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2019-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-11-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2019-02-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2018-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-06-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2018-06-14
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  13. 2018-06-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2017-12-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2016-12-18
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-07-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2010-01-02
    🔓
    Charge satisfied #9
  18. 2009-05-01
    ➕
    RENTON, Lisa appointed
    director
  19. 2005-09-08
    🔒
    Charge registered #9
    Lender: The Royal Bank of Scotland PLC
  20. 2005-09-01
    🔓
    Charge satisfied #4
  21. 2001-12-21
    🔒
    Charge registered #8
    Lender: Clydesdale Bank Public Limited Company
  22. 2000-08-04
    🔒
    Charge registered #7
    Lender: Clydesdale Bank Public Limited Company
  23. 2000-07-24
    🔒
    Charge registered #6
    Lender: Clydesdale Bank Public Limited Company
  24. 2000-06-30
    ➕
    RENTON, Lisa appointed
    secretary
  25. 2000-06-30
    ➖
    MACNAUGHTON, Ursula Lucinda resigned
    secretary
  26. 2000-06-30
    ➖
    HOWELL, Denis resigned
    director
  27. 2000-05-24
    🔒
    Charge registered #5
    Lender: Clydesdale Bank Public Limited Company
  28. 2000-04-03
    🔓
    Charge satisfied #1
  29. 2000-03-20
    🔒
    Charge registered #4
    Lender: Clydesdale Bank Public Limited Company
  30. 1998-02-02
    🔓
    Charge satisfied #3
  31. 1995-10-09
    ➖
    MORRISON, John resigned
    director
  32. 1995-04-13
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  33. 1994-12-22
    ➖
    HOWELL, Elizabeth Ewen resigned
    director
  34. 1994-12-01
    ➕
    MORRISON, John appointed
    director
  35. 1993-08-23
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  36. 1993-07-27
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  37. 1993-07-22
    🏢
    Company incorporated
    As DRUMSMITTAL PROPERTIES LIMITED
  38. 1993-07-22
    ➕
    HOWELL, David James appointed
    director
  39. 1993-07-22
    ➕
    MACNAUGHTON, Ursula Lucinda appointed
    secretary
  40. 1993-07-22
    ➕
    COMBINED SECRETARIAL SERVICES LIMITED appointed
    corporate-nominee-secretary
  41. 1993-07-22
    ➖
    COMBINED SECRETARIAL SERVICES LIMITED resigned
    corporate-nominee-secretary
  42. 1993-07-22
    ➕
    HOWELL, Denis appointed
    director
  43. 1993-07-22
    ➕
    HOWELL, Elizabeth Ewen appointed
    director
  44. 1993-07-22
    ➕
    COMBINED NOMINEES LIMITED appointed
    corporate-nominee-director
  45. 1993-07-22
    ➖
    COMBINED NOMINEES LIMITED resigned
    corporate-nominee-director

Owner dependency

76/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 33 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

76/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 33 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 33 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 med · 1 low
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.

5 live charges
low

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
David James Howell
Individual · British · DOB 07/1968 · age 58
75–100%
—75-100% shares06/04/2016

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

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
Incorporated1993-07-22
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

7 Sandalwood Avenue
Inverness
Highlands
IV2 6GR

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-19
Last: 2025-06-05

Officers (3 active · 6 resigned)

RENTON, Lisa→
secretary · appointed 2000-06-30
View their other companies + combined net worth →
Active
HOWELL, David James→
director · ~58y · appointed 1993-07-22
View their other companies + combined net worth →
Active
RENTON, Lisa→
director · ~61y · appointed 2009-05-01
View their other companies + combined net worth →
Active
MACNAUGHTON, Ursula Lucinda→
secretary · appointed 1993-07-22 · resigned 2000-06-30
Resigned
COMBINED SECRETARIAL SERVICES LIMITED→
corporate-nominee-secretary · appointed 1993-07-22 · resigned 1993-07-22
Resigned
HOWELL, Denis→
director · ~82y · appointed 1993-07-22 · resigned 2000-06-30
Resigned
HOWELL, Elizabeth Ewen→
director · ~79y · appointed 1993-07-22 · resigned 1994-12-22
Resigned
MORRISON, John→
director · ~64y · appointed 1994-12-01 · resigned 1995-10-09
Resigned
COMBINED NOMINEES LIMITED→
corporate-nominee-director · appointed 1993-07-22 · resigned 1993-07-22
Resigned

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

Mortgages & charges

9
Total charges
5
Outstanding
2
Active lenders
Status:Lender:9 of 9 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property08/09/200502/01/2010
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property21/12/2001—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property04/08/2000—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property24/07/2000—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property24/05/2000—
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property20/03/200001/09/2005
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/04/199502/02/1998
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property23/08/1993—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property27/07/199303/04/2000
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (107 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-13
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-12-22
confirmation-statement-with-updates
confirmation-statement · CS01
2020-06-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-11-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-06-10