ALFRED FLETT LIMITED

🌳Matureactive
SC184541 · ltd · incorporated 1998-03-31
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 10.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
Pursue
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 82/100 (exceptional), bankability 85/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 10.2y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 10.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
9 officers (4 active, 9 linked, 5 with DOB)
81
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
89 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.

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
Average employees46004300

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 (33 events)Click to expand
  1. 2025-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2025-05-09
    🔓
    Charge satisfied #1
  4. 2024-11-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-09-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-07-25
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2023-07-25
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2022-08-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-06-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2022-06-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2022-04-01
    ➕
    FLETT, Magnus David appointed
    director
  12. 2022-04-01
    ➕
    LEASK, Colin David appointed
    director
  13. 2021-12-01
    📄
    memorandum-articles
    incorporation · MA
  14. 2021-12-01
    📄
    resolution
    resolution · RESOLUTIONS
  15. 2021-12-01
    📄
    capital-allotment-shares
    capital · SH01
  16. 2021-08-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2020-11-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2019-09-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2018-10-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2016-02-18
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  21. 2016-01-23
    ➖
    FLETT, Alfred James resigned
    director
  22. 2000-08-31
    ➖
    FLETT, Marion Violet resigned
    director
  23. 1999-03-01
    ➕
    FLETT, Martin James appointed
    secretary
  24. 1999-03-01
    ➖
    LAUGHTON, Dennis resigned
    secretary
  25. 1998-03-31
    🏢
    Company incorporated
    As ALFRED FLETT LIMITED
  26. 1998-03-31
    ➕
    FLETT, Martin James appointed
    director
  27. 1998-03-31
    ➕
    LAUGHTON, Dennis appointed
    secretary
  28. 1998-03-31
    ➕
    FIRST SCOTTISH SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  29. 1998-03-31
    ➖
    FIRST SCOTTISH SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  30. 1998-03-31
    ➕
    FLETT, Alfred James appointed
    director
  31. 1998-03-31
    ➕
    FLETT, Marion Violet appointed
    director
  32. 1998-03-31
    ➕
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointed
    corporate-nominee-director
  33. 1998-03-31
    ➖
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resigned
    corporate-nominee-director

Owner dependency

98/100
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
  • +Founder name in company name: Company name contains director surname "FLETT" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

40/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — FLETT, Magnus David (same surname) appointed 2022-04-01. Pattern consistent with intra-family handover.
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Magnus David Flett
Individual · British · DOB 04/1986 · age 40
50–75%
50–75%50-75% shares · 50-75% voting13/07/2023
Mr Martin James Flett
Individual · British · DOB 06/1961 · age 65
25–50%
25–50%25-50% shares · 25-50% voting15/03/2017
1 historic (ceased) PSC
  • Mrs Deirdre Gibson Flettceased 13/07/2023· 25-50% shares · 25-50% voting

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
Incorporated1998-03-31
Jurisdictionscotland
Primary SIC41202 — Construction of domestic buildings

Registered office

Builders St Mary's Holm
Orkney
KW17 2RU

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-08-08
Last: 2025-07-25

Officers (4 active · 5 resigned)

FLETT, Martin James→
secretary · appointed 1999-03-01
View their other companies + combined net worth →
Active
FLETT, Magnus David→
director · ~40y · appointed 2022-04-01
View their other companies + combined net worth →
Active
FLETT, Martin James→
director · ~65y · appointed 1998-03-31
View their other companies + combined net worth →
Active
LEASK, Colin David→
director · ~39y · appointed 2022-04-01
View their other companies + combined net worth →
Active
LAUGHTON, Dennis→
secretary · appointed 1998-03-31 · resigned 1999-03-01
Resigned
FIRST SCOTTISH SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1998-03-31 · resigned 1998-03-31
Resigned
FLETT, Alfred James→
director · ~95y · appointed 1998-03-31 · resigned 2016-01-23
Resigned
FLETT, Marion Violet→
director · ~90y · appointed 1998-03-31 · resigned 2000-08-31
Resigned
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→
corporate-nominee-director · appointed 1998-03-31 · resigned 1998-03-31
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
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—18/02/201609/05/2025

Recent filings (89 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-27
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-14
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-25
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-07-25
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-29
appoint-person-director-company-with-name-date
officers · AP01
2022-06-01
appoint-person-director-company-with-name-date
officers · AP01
2022-06-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-23
confirmation-statement-with-updates
confirmation-statement · CS01
2021-12-02