DIRECT LETTINGS (SCOTLAND) LIMITED

🌳Matureactive
SC175211 · ltd · incorporated 1997-05-07
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£55.2k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Management of real estate on a fee or contract basis
Sector: Real estate
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (73/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
11 officers (3 active, 11 linked, 8 with DOB)
85
Ownership & PSC
0 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
99 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
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £55,188

Key financials

1 year extracted from filed iXBRL accounts
Cash
£62k
Net Worth
£55k
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-30
Cash£61.6k
Net assets£55.2k

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

🔒Filing-note intelligence

2 signals 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
0
filings
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2025-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-05-06
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  4. 2024-04-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2023-09-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-08-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2023-08-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2023-08-01
    ➕
    WEIR, Laura appointed
    director
  9. 2023-07-31
    ➖
    PHILIP, Brian William resigned
    director
  10. 2022-12-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-12-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-06-14
    📄
    capital-allotment-shares
    capital · SH01
  13. 2021-06-14
    📄
    capital-alter-shares-subdivision
    capital · SH02
  14. 2021-06-10
    📄
    capital-name-of-class-of-shares
    capital · SH08
  15. 2021-06-10
    📄
    memorandum-articles
    incorporation · MA
  16. 2021-06-10
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2021-04-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2021-04-19
    ➖
    BREWSTER, George Pattullo resigned
    director
  19. 2020-12-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2018-09-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2015-06-01
    ➕
    PHILIP, Brian William appointed
    director
  23. 2011-10-03
    ➕
    FERGUSSON, Ian James appointed
    director
  24. 2010-06-01
    ➕
    BENNETT, John Paul appointed
    secretary
  25. 2010-06-01
    ➖
    THORNTONS LAW LLP resigned
    corporate-secretary
  26. 2007-11-30
    ➖
    BENNETT, John Madden resigned
    director
  27. 2005-12-15
    ➕
    BREWSTER, George Pattullo appointed
    director
  28. 2005-12-15
    ➖
    CHRISTIE, Campbell Robert resigned
    director
  29. 2004-12-01
    ➕
    THORNTONS LAW LLP appointed
    corporate-secretary
  30. 2004-11-30
    ➖
    THORNTONS WS resigned
    corporate-secretary
  31. 2003-12-15
    ➖
    THOMSON, John resigned
    director
  32. 2003-12-01
    ➕
    CHRISTIE, Campbell Robert appointed
    director
  33. 1997-06-05
    ➕
    BENNETT, John Madden appointed
    director
  34. 1997-06-05
    ➕
    THOMSON, John appointed
    director
  35. 1997-06-05
    ➖
    WILSON, Graham Alexander resigned
    nominee-director
  36. 1997-05-07
    🏢
    Company incorporated
    As DIRECT LETTINGS (SCOTLAND) LIMITED
  37. 1997-05-07
    ➕
    THORNTONS WS appointed
    corporate-secretary
  38. 1997-05-07
    ➕
    WILSON, Graham Alexander appointed
    nominee-director

Owner dependency

66/100
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.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

59/100
Strong succession signal

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

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.
  • secondary12+ year tenure: Director in role 15 years.
  • 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.)
🔒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

6 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
Incorporated1997-05-07
Jurisdictionscotland
Primary SIC68320 — Management of real estate on a fee or contract basis

Registered office

110 Commercial Street
Dundee
DD1 2AJ

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-05-06
Last: 2025-04-22

Officers (3 active · 8 resigned)

BENNETT, John Paul→
secretary · appointed 2010-06-01
View their other companies + combined net worth →
Active
FERGUSSON, Ian James→
director · ~61y · appointed 2011-10-03
View their other companies + combined net worth →
Active
WEIR, Laura→
director · ~41y · appointed 2023-08-01
View their other companies + combined net worth →
Active
THORNTONS LAW LLP→
corporate-secretary · appointed 2004-12-01 · resigned 2010-06-01
Resigned
THORNTONS WS→
corporate-secretary · appointed 1997-05-07 · resigned 2004-11-30
Resigned
BENNETT, John Madden→
director · ~80y · appointed 1997-06-05 · resigned 2007-11-30
Resigned
BREWSTER, George Pattullo→
director · ~66y · appointed 2005-12-15 · resigned 2021-04-19
Resigned
CHRISTIE, Campbell Robert→
director · ~74y · appointed 2003-12-01 · resigned 2005-12-15
Resigned
PHILIP, Brian William→
director · ~68y · appointed 2015-06-01 · resigned 2023-07-31
Resigned
THOMSON, John→
director · ~75y · appointed 1997-06-05 · resigned 2003-12-15
Resigned
WILSON, Graham Alexander→
nominee-director · ~71y · appointed 1997-05-07 · resigned 1997-06-05
Resigned

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

Recent filings (99 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-05
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2024-05-06
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-04
appoint-person-director-company-with-name-date
officers · AP01
2023-08-10
termination-director-company-with-name-termination-date
officers · TM01
2023-08-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-01
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-02
capital-allotment-shares
capital · SH01
2021-06-14
capital-alter-shares-subdivision
capital · SH02
2021-06-14