ORKNEY QUALITY DEVELOPMENTS LIMITED
🌳Matureactive
SC178227 · ltd · incorporated 1997-08-27
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
£300.9k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueAsset-holding vehicle with a 63-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 85/100. Strong seller-intent signal (60/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -56% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
3 live charges · oldest 28.2y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 28.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
6 officers (5 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
90 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
80/100Exceptional
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £300,909
Net assets shrinking
Down £45,827 YoY
Cash draining
Cash down 56% YoY
Cash YoY
-56%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£130k
↓ 56% YoY
Net Worth
£301k
↓ 13% YoY
Current Assets
£314k
↓ 13% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Total assets | £300.9k | £346.7k |
| Current assets | £313.7k | £360.0k |
| Cash | £130.3k | £294.0k |
| Debtors | £183.3k | £66.0k |
| Net assets | £300.9k | £346.7k |
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
1
filing
- • 1 accounts
Last 180 days
2
filings
- • 1 accounts
- • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
- 2026-03-24📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-12-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-01-10📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-06-14📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-04-05📄capital-name-of-class-of-sharescapital · SH08
- 2023-03-30📄memorandum-articlesincorporation · MA
- 2023-03-30📄resolutionresolution · RESOLUTIONS
- 2022-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-18📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2022-04-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-26📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-03-30📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-03-30📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-03-30📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-03-30🔓Charge satisfied #4
- 2021-03-30🔓Charge satisfied #3
- 2021-03-30🔓Charge satisfied #1
- 2021-02-16📄change-person-secretary-company-with-change-dateofficers · CH03
- 2021-02-16📄change-person-director-company-with-change-dateofficers · CH01
- 2021-02-16📄change-person-director-company-with-change-dateofficers · CH01
- 2021-02-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-04-03📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2001-03-20🔒Charge registered #4Lender: Clydesdale Bank Public Limited Company
- 1998-03-16🔒Charge registered #3Lender: Clydesdale Bank Public Limited Company
- 1998-01-29🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 1997-08-27🏢Company incorporatedAs ORKNEY QUALITY DEVELOPMENTS LIMITED
- 1997-08-27➕GRAY, Diane appointedsecretary
- 1997-08-27➕GRAY, Diane appointeddirector
- 1997-08-27➕GRAY, Stewart Thomas appointeddirector
- 1997-08-27➕JOHNSTONE, Karen Elizabeth appointeddirector
- 1997-08-27➕JOHNSTONE, William Alfred appointeddirector
- 1997-08-27➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 1997-08-27➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
Owner dependency
66/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
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 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 29 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 ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Stewart Thomas Gray Individual · British · DOB 10/1969 · age 57 | 50–75% | — | 50-75% shares | 01/08/2016 |
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 →Similar companies
Active · Property · KW postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A & C MACDONALD LTD→ SC870855 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BALLOAN LIMITED→ SC211885 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| KR HIGHLANDPROPERTIES LTD→ SC862446 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MKITH RENTALS LTD→ SC600373 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| NETTEL GROUP LIMITED→ SC659521 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| NORTH COAST PROPERTIES (CAITHNESS) LTD→ SC827784 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ORKNEY BUILDERS LIMITED→ SC022960 · est 1944 · no financials extracted | — | — | — | — | 81y | — | — |
| ORKNEY FINANCIAL AND PROPERTY CENTRE LTD.→ SC317373 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| ORKNEY HOMES TRUST LIMITED→ SC132048 · est 1991 · no financials extracted | — | — | — | — | 34y | — | — |
| ORKNEY ISLANDS PROPERTY DEVELOPMENTS LIMITED→ SC132049 · est 1991 · no financials extracted | — | — | — | — | 34y | — | — |
| ORKNEY STAYS LIMITED→ SC844724 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| PAYMÁN HOLDINGS 16 LTD→ SC839592 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated1997-08-27
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Laurel Bank
Cromwell Road
Kirkwall
Orkney
KW15 1LH
Scotland
Filing status
Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-09-10
Last: 2025-08-27
Officers (5 active · 1 resigned)
Active
Active
GRAY, Stewart Thomas→
Activedirector · ~57y · appointed 1997-08-27
View their other companies + combined net worth →
JOHNSTONE, Karen Elizabeth→
Activedirector · ~63y · appointed 1997-08-27
View their other companies + combined net worth →
JOHNSTONE, William Alfred→
Activedirector · ~63y · appointed 1997-08-27
View their other companies + combined net worth →
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 1997-08-27 · resigned 1997-08-27
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 20/03/2001 | 30/03/2021 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 16/03/1998 | 30/03/2021 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 29/01/1998 | 30/03/2021 |
Recent filings (90 total)
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-03-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-01-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-06-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-11
capital-name-of-class-of-shares
capital · SH08
2023-04-05
memorandum-articles
incorporation · MA
2023-03-30
resolution
resolution · RESOLUTIONS
2023-03-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-31
change-account-reference-date-company-previous-extended
accounts · AA01
2022-11-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-27