HALYARD LIMITED

🌳Matureactive
SC181414 · ltd · incorporated 1997-12-11
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 27.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Active trading company with a 74-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 74). 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: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · oldest 27.6y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 27.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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
7 officers (4 active, 7 linked, 5 with DOB)
84
Ownership & PSC
4 active PSC(s) of 4 total, 4 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
86 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2025-04-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-04-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2023-12-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2022-11-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2021-12-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2021-03-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2019-12-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2018-12-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2017-12-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2016-12-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2016-01-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2015-12-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2014-12-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2014-12-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2013-12-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2002-06-20
    ➖
    BLAIR, Alexander James resigned
    director
  17. 2000-05-31
    🔓
    Charge satisfied #2
  18. 2000-03-03
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  19. 1999-02-09
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  20. 1998-10-30
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  21. 1998-03-02
    ➕
    GILBERT, George Brown Duncan appointed
    secretary
  22. 1998-03-02
    ➕
    DONALDSON, Kelvin Watt appointed
    director
  23. 1998-03-02
    ➕
    GILBERT, George Brown Duncan appointed
    director
  24. 1998-03-02
    ➕
    THOMSON, Douglas Smith appointed
    director
  25. 1998-03-02
    ➖
    ARCHIBALD CAMPBELL & HARLEY resigned
    corporate-nominee-secretary
  26. 1998-03-02
    ➖
    BLACK, Douglas Maclean resigned
    nominee-director
  27. 1998-03-02
    ➕
    BLAIR, Alexander James appointed
    director
  28. 1997-12-11
    🏢
    Company incorporated
    As HALYARD LIMITED
  29. 1997-12-11
    ➕
    ARCHIBALD CAMPBELL & HARLEY appointed
    corporate-nominee-secretary
  30. 1997-12-11
    ➕
    BLACK, Douglas Maclean appointed
    nominee-director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 74 — succession pressure is live.

Succession & seller-readiness

90/100
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 74 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 28 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

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

Shareholders & ownership

4 active beneficial owners · fragmented
NameSharesVoting rightsNature of controlNotified
Mr Kelvin Watt Donaldson
Individual · British · DOB 11/1960 · age 66
25–50%
—25-50% shares06/04/2016
Mr Douglas Smith Thomson
Individual · British · DOB 03/1965 · age 61
25–50%
—25-50% shares06/04/2016
Mr Alexander James Blair
Individual · British · DOB 05/1953 · age 73
25–50%
—25-50% shares06/04/2016
Mr George Brown Duncan Gilbert
Individual · British · DOB 05/1952 · age 74
25–50%
—25-50% shares06/04/2016

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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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
Incorporated1997-12-11
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

39 Grassmarket
Edinburgh
Lothian
EH1 2HS

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 (4 active · 3 resigned)

GILBERT, George Brown Duncan→
secretary · appointed 1998-03-02
View their other companies + combined net worth →
Active
DONALDSON, Kelvin Watt→
director · ~66y · appointed 1998-03-02
View their other companies + combined net worth →
Active
GILBERT, George Brown Duncan→
director · ~74y · appointed 1998-03-02
View their other companies + combined net worth →
Active
THOMSON, Douglas Smith→
director · ~61y · appointed 1998-03-02
View their other companies + combined net worth →
Active
ARCHIBALD CAMPBELL & HARLEY→
corporate-nominee-secretary · appointed 1997-12-11 · resigned 1998-03-02
Resigned
BLACK, Douglas Maclean→
nominee-director · ~67y · appointed 1997-12-11 · resigned 1998-03-02
Resigned
BLAIR, Alexander James→
director · ~73y · appointed 1998-03-02 · resigned 2002-06-20
Resigned

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
TypeProperties
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security2 properties03/03/2000—
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property09/02/199931/05/2000
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property30/10/1998—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (86 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-20
accounts-with-accounts-type-dormant
accounts · AA
2025-04-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-09
accounts-with-accounts-type-dormant
accounts · AA
2024-04-17
accounts-with-accounts-type-dormant
accounts · AA
2023-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-13
accounts-with-accounts-type-dormant
accounts · AA
2022-11-25
accounts-with-accounts-type-dormant
accounts · AA
2021-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-15
accounts-with-accounts-type-dormant
accounts · AA
2021-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-16
accounts-with-accounts-type-dormant
accounts · AA
2019-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-12-17