NORTH EAST PROJECTS LTD.

🌳Matureactive
SC181201 · ltd · incorporated 1997-12-03
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£3.45M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 46719
Sector: Wholesale & retail
Investor take
Pursue
Asset-holding vehicle with a 84-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (63/100, director aged 84). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · 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: medium (77/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 5 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
92 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £3,448,253
Cash YoY
-16%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£86k
↓ 16% YoY
Net Worth
£3.4m
↑ 10% YoY
Current Assets
£2.9m
↑ 10% YoY
Current Liabilities
—
£0£690k£1.4m£2.1m£2.8m£3.4mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£3.53M£3.14M
Current assets£2.85M£2.59M
Cash£86.2k£102.4k
Debtors£9.9k£56.8k
Net assets£3.45M£3.12M

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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2026-04-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-10-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2025-10-01
    🔓
    Charge satisfied #1
  4. 2025-02-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2025-01-30
    ➕
    GRAY, Fiona appointed
    director
  6. 2024-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-10-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2022-09-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-12-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-09-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2019-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-08-20
    📍
    change-sail-address-company-with-new-address
    address · AD02
  15. 2018-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2017-10-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2016-12-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2013-09-30
    ➖
    GRAY, Fiona resigned
    secretary
  20. 2013-09-30
    ➖
    GRAY, Fiona resigned
    director
  21. 1998-03-05
    🔒
    Charge registered #1
    Lender: Shell U.K. Limited
  22. 1997-12-09
    ➕
    SCOTT, Alastair appointed
    director
  23. 1997-12-09
    ➕
    SCOTT, Gordon Alexander appointed
    director
  24. 1997-12-09
    ➕
    GRAY, Fiona appointed
    secretary
  25. 1997-12-09
    ➖
    REID, Brian resigned
    nominee-secretary
  26. 1997-12-09
    ➕
    GRAY, Fiona appointed
    director
  27. 1997-12-09
    ➖
    MABBOTT, Stephen resigned
    nominee-director
  28. 1997-12-03
    🏢
    Company incorporated
    As NORTH EAST PROJECTS LTD.
  29. 1997-12-03
    ➕
    REID, Brian appointed
    nominee-secretary
  30. 1997-12-03
    ➕
    MABBOTT, Stephen appointed
    nominee-director

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
  • +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 84 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 84 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 28 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Alastair Scott
Individual · British · DOB 10/1942 · age 84
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.

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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
Incorporated1997-12-03
Jurisdictionscotland
Primary SIC46719 — SIC 46719

Registered office

Faraldon
8 Markethill Road
Turriff
Aberdeenshire
AB53 4AZ
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-03
Last: 2025-10-20

Officers (3 active · 4 resigned)

GRAY, Fiona→
director · ~55y · appointed 2025-01-30
View their other companies + combined net worth →
Active
SCOTT, Alastair→
director · ~84y · appointed 1997-12-09
View their other companies + combined net worth →
Active
SCOTT, Gordon Alexander→
director · ~54y · appointed 1997-12-09
View their other companies + combined net worth →
Active
GRAY, Fiona→
secretary · appointed 1997-12-09 · resigned 2013-09-30
Resigned
REID, Brian→
nominee-secretary · appointed 1997-12-03 · resigned 1997-12-09
Resigned
GRAY, Fiona→
director · ~55y · appointed 1997-12-09 · resigned 2013-09-30
Resigned
MABBOTT, Stephen→
nominee-director · ~76y · appointed 1997-12-03 · resigned 1997-12-09
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Shell U.K.
Shell U.K. Limited
Standard security1 property05/03/199801/10/2025

Recent filings (92 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-22
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-01
appoint-person-director-company-with-name-date
officers · AP01
2025-02-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-23
confirmation-statement-with-updates
confirmation-statement · CS01
2022-10-20
change-person-director-company-with-change-date
officers · CH01
2022-10-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-02
confirmation-statement-with-updates
confirmation-statement · CS01
2021-10-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-21
confirmation-statement-with-updates
confirmation-statement · CS01
2020-10-27