GARDEN CITY PROPERTIES LIMITED

⚰️Wound downdissolved
SC154981 · ltd · incorporated 1994-12-19
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
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Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
62/100
Worth a look
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 68100Buying and selling of own real estate
  • 68201Renting and operating of Housing Association real estate
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 72/100. Strong seller-intent signal (88/100, director aged 68). Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

8 live charges · 4 lenders · oldest 28.6y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 28.6 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (57/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
112 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (51 events)Click to expand
  1. 2020-09-22
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2020-09-22
    🏁
    Company dissolved
  3. 2020-03-10
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2020-03-04
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2019-09-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2019-08-22
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  7. 2019-08-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2018-09-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-08-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2018-08-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2018-08-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2018-08-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2017-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2016-10-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-08-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2016-06-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2015-12-23
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2015-07-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2014-12-22
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  20. 2014-12-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2014-08-20
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  22. 2013-12-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  23. 2013-10-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  24. 2010-11-16
    🔓
    Charge satisfied #10
  25. 2006-04-01
    ➕
    LEDINGHAM CHALMERS LLP appointed
    corporate-secretary
  26. 2006-04-01
    ➖
    LEDINGHAM CHALMERS LLP resigned
    corporate-secretary
  27. 2003-10-24
    🔒
    Charge registered #10
    Lender: The Royal Bank of Scotland PLC
  28. 2001-12-19
    ➕
    LEDINGHAM CHALMERS LLP appointed
    corporate-secretary
  29. 2001-12-19
    ➖
    PETERKINS resigned
    corporate-secretary
  30. 2001-07-23
    🔓
    Charge satisfied #5
  31. 2000-12-19
    🔓
    Charge satisfied #9
  32. 2000-12-19
    🔓
    Charge satisfied #8
  33. 2000-10-09
    🔓
    Charge satisfied #6
  34. 1999-09-08
    🔓
    Charge satisfied #2
  35. 1999-09-08
    🔓
    Charge satisfied #1
  36. 1999-09-07
    🔒
    Charge registered #9
    Lender: Alldays Stores Limited
  37. 1999-06-07
    🔒
    Charge registered #8
    Lender: The Governor and Company of the Bank of Scotland
  38. 1999-05-17
    🔒
    Charge registered #6
    Lender: The Governor and Company of the Bank of Scotland
  39. 1998-11-26
    🔓
    Charge satisfied #4
  40. 1998-07-31
    🔒
    Charge registered #5
    Lender: Clydesdale Bank Public Limited Company
  41. 1998-04-03
    🔒
    Charge registered #4
    Lender: Clydesdale Bank Public Limited Company
  42. 1998-02-03
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  43. 1997-10-16
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  44. 1995-02-01
    ➕
    MASSIE, Alan appointed
    director
  45. 1995-02-01
    ➕
    MORRICE, Stephen James appointed
    director
  46. 1995-02-01
    ➖
    HUNTER, Neil Cameron resigned
    nominee-director
  47. 1995-02-01
    ➖
    RENNIE, Thomas George resigned
    nominee-director
  48. 1994-12-19
    🏢
    Company incorporated
    As GARDEN CITY PROPERTIES LIMITED
  49. 1994-12-19
    ➕
    PETERKINS appointed
    corporate-secretary
  50. 1994-12-19
    ➕
    HUNTER, Neil Cameron appointed
    nominee-director
Showing most recent 50 of 51 events

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 31 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

86/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 31 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 high · 1 med ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2020-09-22

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.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Alan Massie
Individual · British · DOB 04/1967 · age 59
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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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——1720045y8461y
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——520051y8776y
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——11930y8465y
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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

Statusdissolved
Typeltd
Incorporated1994-12-19
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

Johnstone House
52-54 Rose Street
Aberdeen
AB10 1HA

Filing status

Accounts
Next due: —
Last made up to: 2019-07-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 4 resigned)

LEDINGHAM CHALMERS LLP→
corporate-secretary · appointed 2006-04-01
View their other companies + combined net worth →
Active
MASSIE, Alan→
director · ~59y · appointed 1995-02-01
View their other companies + combined net worth →
Active
MORRICE, Stephen James→
director · ~68y · appointed 1995-02-01
View their other companies + combined net worth →
Active
LEDINGHAM CHALMERS LLP→
corporate-secretary · appointed 2001-12-19 · resigned 2006-04-01
Resigned
PETERKINS→
corporate-secretary · appointed 1994-12-19 · resigned 2001-12-19
Resigned
HUNTER, Neil Cameron→
nominee-director · ~69y · appointed 1994-12-19 · resigned 1995-02-01
Resigned
RENNIE, Thomas George→
nominee-director · ~79y · appointed 1994-12-19 · resigned 1995-02-01
Resigned

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

Mortgages & charges

8
Total charges
0
Outstanding
0
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property24/10/200316/11/2010
satisfied
Alldays Stores
Alldays Stores Limited
Standard security1 property07/09/199919/12/2000
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property07/06/199919/12/2000
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property17/05/199909/10/2000
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Assignation1 property31/07/199823/07/2001
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property03/04/199826/11/1998
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property03/02/199808/09/1999
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property16/10/199708/09/1999

Recent filings (112 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2020-09-22
gazette-notice-voluntary
gazette · GAZ1(A)
2020-03-10
dissolution-application-strike-off-company
dissolution · DS01
2020-03-04
accounts-with-accounts-type-micro-entity
accounts · AA
2019-09-11
change-account-reference-date-company-previous-shortened
accounts · AA01
2019-08-22
accounts-with-accounts-type-micro-entity
accounts · AA
2019-08-22
confirmation-statement-with-updates
confirmation-statement · CS01
2018-12-19
accounts-with-accounts-type-micro-entity
accounts · AA
2018-09-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2018-08-13
change-person-director-company-with-change-date
officers · CH01
2018-08-13
change-person-director-company-with-change-date
officers · CH01
2018-08-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2018-08-13
confirmation-statement-with-updates
confirmation-statement · CS01
2017-12-20
accounts-with-accounts-type-micro-entity
accounts · AA
2017-11-30
confirmation-statement-with-updates
confirmation-statement · CS01
2017-01-26