ELDER HOMES LIMITED
🌳Matureactive
SC154896 · ltd · incorporated 1994-12-13
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 31.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
83/100
Exceptional
What this business does
Primary activity: Medical nursing home activities
Sector: Human health & social work
Investor take
PursueActive trading company with a 80-year-old founder — textbook succession opportunity.
Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 80). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: strategic trade sale (73/100).
🏦
Refinance opportunity
3 live charges · oldest 31.2y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 31.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 33/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (55/100)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
No iXBRL financials extracted
0
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
12 officers (4 active, 12 linked, 8 with DOB)
83
Ownership & PSC
4 active PSC(s) of 6 total, 6 with control declared
90
Director network
Network not yet resolved
30
Filing history
128 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
5
filings
- • 3 persons-with-significant-control
- • 1 confirmation-statement
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (45 events)Click to expand
- 2026-02-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-02-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-02-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2026-01-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-12-24➖BUGLASS, David Simpson resigneddirector
- 2025-10-03📄accounts-with-accounts-type-groupaccounts · AA
- 2025-02-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2025-02-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-02-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-02-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-02-07📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-10-22📄memorandum-articlesincorporation · MA
- 2024-10-22📄resolutionresolution · RESOLUTIONS
- 2024-10-22📄capital-name-of-class-of-sharescapital · SH08
- 2024-10-08📄accounts-with-accounts-type-groupaccounts · AA
- 2024-01-09📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2024-01-09📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-01-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-28➖JEFFCOAT, Marilyn Annette resignedsecretary
- 2023-12-28➖JEFFCOAT, Marilyn Annette resigneddirector
- 2023-12-05📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-12-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-12-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-12-01➕PATRICHE, Marcela appointeddirector
- 2023-01-09➕VELICA, Florin Bogdan appointedsecretary
- 2022-08-14➖DODDS, Samantha resigneddirector
- 2021-11-30➖HUFSTETLER, Julie Marjorie resignedsecretary
- 2021-11-30➕JEFFCOAT, Marilyn Annette appointedsecretary
- 2021-11-30➕DODDS, Samantha appointeddirector
- 2021-08-24🔓Charge satisfied #1
- 2020-10-09➖HUFSTETLER, Loren Robert, Dr resigneddirector
- 2019-12-23➕JEFFCOAT, Marilyn Annette appointeddirector
- 2010-02-01➕BUGLASS, David Simpson appointeddirector
- 2009-11-25➕HUFSTETLER, Julie Marjorie appointedsecretary
- 2009-11-25➖ALEX MORISON & CO WS resignedcorporate-nominee-secretary
- 1997-08-01➕DODDS, Stephen Howard appointeddirector
- 1995-03-03🔒Charge registered #3Lender: Tsb Bank Scotland PLC
- 1995-03-03🔒Charge registered #2Lender: Tsb Bank Scotland PLC
- 1995-03-01➕HUFSTETLER, Julie Marjorie appointeddirector
- 1995-03-01➖BRASH, Donald Granger resignednominee-director
- 1995-03-01➕HUFSTETLER, Loren Robert, Dr appointeddirector
- 1995-03-01🔒Charge registered #1Lender: Tsb Bank Scotland PLC
- 1994-12-13🏢Company incorporatedAs ELDER HOMES LIMITED
- 1994-12-13➕ALEX MORISON & CO WS appointedcorporate-nominee-secretary
- 1994-12-13➕BRASH, Donald Granger appointednominee-director
Owner dependency
75/100
High — earn-out structure requiredMaterial 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 31 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 80 — succession pressure is live.
Succession & seller-readiness
80/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 80 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Blackadder Trustees (Edinburgh) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Blackadder Trustees (Edinburgh) Limited
Corporate parent · holds 75-100% shares
⬇
ELDER HOMES LIMITED
This company · SC154896
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
4 active beneficial owners · dominant holder ≥75% · fragmented| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Florin Bogdan Velica Individual · Romanian · DOB 02/1982 · age 44 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 12/12/2024 |
Blackadder Trustees (Edinburgh) Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 28/04/2023 |
Mr Stephen John Bridges Individual · British · DOB 01/1954 · age 72 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
Mrs Julie Marjorie Hufstetler Individual · British · DOB 11/1946 · age 80 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
2 historic (ceased) PSCs
- Morton Fraser Trustees Limitedceased 28/04/2023· 75-100% shares · trust interest
- Mr David Buglassceased 12/12/2024· 25-50% shares · trust interest
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Healthcare & medical · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| SUMMIT HEALTHCARE (WISHAW) LIMITED→ SC182649 · est 1998 | £14.49M £10.43M–£18.54M | — | — | 0 | 28y | 84 | 60y |
| AYRSHIRE HOSPITALS LIMITED→ SC248921 · est 2003 | £4.40M £3.17M–£5.63M | — | — | 0 | 23y | 84 | 64y |
| STONEHOUSE HOSPITALS LIMITED→ SC251033 · est 2003 | £706.3k £508.5k–£904.0k | — | — | 0 | 22y | 92 | 64y |
| RENAISSANCE CARE (UK) LTD→ SC379961 · est 2010 | £389.9k £280.7k–£499.1k | — | — | 400 | 15y | 84 | 69y |
| GLOBAL NETWORK OF SEX WORK PROJECTS LIMITED→ SC349355 · est 2008 | £93.1k £67.0k–£119.1k | — | — | 4 | 17y | 83 | 59y |
| PRESTIGE NURSING (SCOTLAND) LIMITED→ SC143810 · est 1993 | — | — | — | 28800 | 33y | 84 | 63y |
| ANSWER PROJECT→ SC212773 · est 2000 · no financials extracted | — | — | — | — | 25y | 83 | 79y |
| CRANSTON NURSERIES LIMITED→ SC253519 · est 2003 | — | — | £360.3k | — | 22y | 83 | 76y |
| EDINBURGH SPORTS INJURY CLINIC LIMITED→ SC245755 · est 2003 | — | — | £97.9k | — | 23y | 83 | 61y |
| FLORABANK HOME LIMITED→ SC170166 · est 1996 · no financials extracted | — | — | — | — | 29y | 83 | 81y |
| MCSENCE LIMITED→ SC129794 · est 1991 · no financials extracted | — | — | — | — | 35y | 83 | 76y |
| OPEX LTD.→ SC191607 · est 1998 | — | — | — | 3400 | 27y | 83 | 72y |
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
Incorporated1994-12-13
Jurisdictionscotland
Primary SIC86102 — Medical nursing home activities
Registered office
Elder Homes Limited Cluny Lodge
10-16 Cluny Drive
Edinburgh
EH10 6DP
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-07
Last: 2026-01-24
Officers (4 active · 8 resigned)
VELICA, Florin Bogdan→
Activesecretary · appointed 2023-01-09
View their other companies + combined net worth →
DODDS, Stephen Howard→
Activedirector · ~61y · appointed 1997-08-01
View their other companies + combined net worth →
HUFSTETLER, Julie Marjorie→
Activedirector · ~80y · appointed 1995-03-01
View their other companies + combined net worth →
PATRICHE, Marcela→
Activedirector · ~53y · appointed 2023-12-01
View their other companies + combined net worth →
HUFSTETLER, Julie Marjorie→
Resignedsecretary · appointed 2009-11-25 · resigned 2021-11-30
JEFFCOAT, Marilyn Annette→
Resignedsecretary · appointed 2021-11-30 · resigned 2023-12-28
ALEX MORISON & CO WS→
Resignedcorporate-nominee-secretary · appointed 1994-12-13 · resigned 2009-11-25
BRASH, Donald Granger→
Resignednominee-director · ~76y · appointed 1994-12-13 · resigned 1995-03-01
BUGLASS, David Simpson→
Resigneddirector · ~80y · appointed 2010-02-01 · resigned 2025-12-24
DODDS, Samantha→
Resigneddirector · ~54y · appointed 2021-11-30 · resigned 2022-08-14
HUFSTETLER, Loren Robert, Dr→
Resigneddirector · ~93y · appointed 1995-03-01 · resigned 2020-10-09
JEFFCOAT, Marilyn Annette→
Resigneddirector · ~79y · appointed 2019-12-23 · resigned 2023-12-28
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Tsb Bank Scotland PLC | Standard security | 1 property | 03/03/1995 | — | |
| outstanding | Lloyds Banking Group Tsb Bank Scotland PLC | Standard security | 1 property | 03/03/1995 | — | |
| satisfied | Lloyds Banking Group Tsb Bank Scotland PLC | Bond & floating charge | 1 property | 01/03/1995 | 24/08/2021 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (128 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2026-02-09
termination-director-company-with-name-termination-date
officers · TM01
2026-01-07
accounts-with-accounts-type-group
accounts · AA
2025-10-03
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-02-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-02-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-02-07
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-02-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-02-07
memorandum-articles
incorporation · MA
2024-10-22
resolution
resolution · RESOLUTIONS
2024-10-22
capital-name-of-class-of-shares
capital · SH08
2024-10-22