THE POSITIVE STEPS PARTNERSHIP

🌳Matureactive
SC188155 · private-limited-guarant-nsc-limited-exemption · incorporated 1998-08-03
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Other human health activities
Sector: Human health & social work
Investor take
Pursue
Active trading company with a 75-year-old founder — textbook succession opportunity.

Opportunity 74/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 75). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

59 live charges · 5 lenders · oldest 23.2y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 23.2 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 45/100 (high).

Data confidence

Overall: low (49/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
59 charges (59/59 with lender, 59/59 with type)
90
Directors & officers
30 officers (6 active, 30 linked, 24 with DOB)
86
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
2 connected companies via shared directors
51
Filing history
200 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
66
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (150 events)Click to expand
  1. 2025-12-15
    📄
    accounts-with-accounts-type-group
    accounts · AA
  2. 2025-08-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-08-25
    🔒
    Charge registered #59
    Lender: Social and Sustainable Housing Ii Holdco Limited
  4. 2025-07-31
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2025-07-30
    KELLET-SMITH, Michelle appointed
    director
  6. 2025-07-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2025-07-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2025-07-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2025-07-15
    🔒
    Charge registered #58
    Lender: Social and Sustainable Housing Ii Holdco Limited
  10. 2025-07-15
    🔒
    Charge registered #57
    Lender: Social and Sustainable Housing Ii Holdco Limited
  11. 2025-07-15
    🔒
    Charge registered #56
    Lender: Social and Sustainable Housing Ii Holdco Limited
  12. 2025-07-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2025-07-11
    🔒
    Charge registered #55
    Lender: Social and Sustainable Housing Ii Holdco Limited
  14. 2025-07-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2025-07-08
    🔓
    Charge satisfied #39
  16. 2025-07-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2025-07-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2025-07-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2025-07-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2025-07-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  21. 2025-07-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  22. 2025-07-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  23. 2025-07-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  24. 2025-07-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  25. 2025-07-07
    🔓
    Charge satisfied #44
  26. 2025-07-07
    🔓
    Charge satisfied #43
  27. 2025-07-07
    🔓
    Charge satisfied #42
  28. 2025-07-07
    🔓
    Charge satisfied #41
  29. 2025-07-07
    🔓
    Charge satisfied #40
  30. 2025-07-07
    🔓
    Charge satisfied #38
  31. 2025-07-07
    🔓
    Charge satisfied #37
  32. 2025-07-07
    🔓
    Charge satisfied #36
  33. 2025-07-07
    🔓
    Charge satisfied #35
  34. 2025-07-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  35. 2025-07-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  36. 2025-07-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  37. 2025-07-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  38. 2025-07-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  39. 2025-07-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  40. 2025-07-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  41. 2025-06-30
    🔒
    Charge registered #54
    Lender: Social and Sustainable Housing Ii Holdco Limited
  42. 2025-06-30
    🔒
    Charge registered #53
    Lender: Social and Sustainable Housing Ii Holdco Limited
  43. 2025-06-30
    🔒
    Charge registered #52
    Lender: Social and Sustainable Housing Ii Holdco Limited
  44. 2025-06-30
    🔒
    Charge registered #51
    Lender: Social and Sustainable Housing Ii Holdco Limited
  45. 2025-06-30
    🔒
    Charge registered #50
    Lender: Social and Sustainable Housing Ii Holdco Limited
  46. 2025-06-30
    🔒
    Charge registered #49
    Lender: Social and Sustainable Housing Ii Holdco Limited
  47. 2025-06-30
    🔒
    Charge registered #48
    Lender: Social and Sustainable Housing Ii Holdco Limited
  48. 2025-06-30
    🔒
    Charge registered #47
    Lender: Social and Sustainable Housing Ii Holdco Limited
  49. 2025-06-30
    🔒
    Charge registered #46
    Lender: Social and Sustainable Housing Ii Holdco Limited
  50. 2025-06-30
    🔒
    Charge registered #45
    Lender: Social and Sustainable Housing Ii Holdco Limited
Showing most recent 50 of 150 events

Owner dependency

65/100
High — earn-out structure required

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

FACTORS
  • -5 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 75 — succession pressure is live.

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 75 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 21 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

2 med · 1 low
15 new charges in last 12 months
medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2025-08-25: A registered charge; 2025-07-15: A registered charge; 2025-07-15: A registered charge

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

47 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

🔒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

9 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
Typeprivate-limited-guarant-nsc-limited-exemption
Incorporated1998-08-03
Jurisdictionscotland
Primary SIC86900 — Other human health activities

Registered office

East Wing, Swan House 2 Explorer Road
Technology Park
Dundee
DD2 1DX

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-08-17
Last: 2025-08-03

Officers (6 active · 24 resigned)

GUDMUNSEN, Morag
secretary · appointed 2006-06-26
View their other companies + combined net worth →
Active
DONACHIE, Linda
director · ~58y · appointed 2023-08-14
View their other companies + combined net worth →
Active
HORNER, Alison Edna
director · ~61y · appointed 2006-05-30
View their other companies + combined net worth →
Active
KELLET-SMITH, Michelle
director · ~56y · appointed 2025-07-30
View their other companies + combined net worth →
Active
SHARKEY, Derek
director · ~75y · appointed 2005-07-01
View their other companies + combined net worth →
Active
SMITH, Douglas
director · ~50y · appointed 2012-05-07
View their other companies + combined net worth →
Active
GEMMILL, Thomas William
secretary · appointed 1998-08-03 · resigned 2005-01-20
Resigned
JOHNSTON, Kellyanne
secretary · appointed 2005-01-20 · resigned 2006-06-26
Resigned
OSWALDS OF EDINBURGH LIMITED
corporate-nominee-secretary · appointed 1998-08-03 · resigned 1998-08-03
Resigned
ANDERSON-AIDOO, Frank, Reverend
director · ~51y · appointed 2018-04-05 · resigned 2024-02-10
Resigned
BROUGH, Janet
director · ~85y · appointed 2003-06-02 · resigned 2005-03-30
Resigned
DALLAS, Christine Elizabeth
director · ~82y · appointed 2003-06-02 · resigned 2004-05-24
Resigned
DICKINSON, Lesley, Pastor
director · ~58y · appointed 2019-07-19 · resigned 2024-03-25
Resigned
FRASER, Ian Edward
director · ~76y · appointed 2001-06-01 · resigned 2004-05-21
Resigned
GEMMILL, Thomas William
director · ~67y · appointed 1998-08-03 · resigned 2003-04-01
Resigned
GRAY, Kirsteen Jean
director · ~56y · appointed 2006-09-26 · resigned 2008-03-31
Resigned
HAMILTON, Graham
director · ~94y · appointed 1998-08-03 · resigned 2004-09-01
Resigned
KERR, James
director · ~67y · appointed 2000-10-01 · resigned 2006-12-31
Resigned
KIDD, William, Mr.
director · ~91y · appointed 2008-10-09 · resigned 2014-03-31
Resigned
MCILREE, James
director · ~79y · appointed 1998-08-03 · resigned 1999-11-02
Resigned

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

Mortgages & charges

59
Total charges
47
Outstanding
4
Active lenders
Status:Lender:59 of 59 shown
TypeProperties
outstanding
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property25/08/2025
outstanding
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge3 properties15/07/2025
outstanding
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property15/07/2025
outstanding
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge3 properties15/07/2025
outstanding
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property11/07/2025
outstanding
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property30/06/2025
outstanding
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property30/06/2025
outstanding
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property30/06/2025
outstanding
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property30/06/2025
outstanding
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property30/06/2025
outstanding
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property30/06/2025
outstanding
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property30/06/2025
outstanding
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property30/06/2025
outstanding
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property30/06/2025
outstanding
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property30/06/2025
satisfied
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property11/03/202507/07/2025
satisfied
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property15/01/202507/07/2025
satisfied
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property23/12/202407/07/2025
satisfied
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property09/12/202407/07/2025
satisfied
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property09/12/202407/07/2025
satisfied
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property27/11/202408/07/2025
satisfied
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property18/11/202407/07/2025
satisfied
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property18/11/202407/07/2025
satisfied
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property08/11/202407/07/2025
satisfied
Social and Sustainable Housing Ii Holdco
Social and Sustainable Housing Ii Holdco Limited
A registered charge1 property01/10/202407/07/2025
outstanding
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital )
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital LLP)
A registered charge2 properties28/11/2022
outstanding
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital )
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital LLP)
A registered charge2 properties25/11/2022
outstanding
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital )
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital LLP)
A registered charge3 properties04/11/2022
outstanding
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital )
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital LLP)
A registered charge1 property27/10/2022
outstanding
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital )
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital LLP)
A registered charge1 property07/10/2022
outstanding
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital )
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital LLP)
A registered charge1 property28/09/2022
outstanding
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital )
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital LLP)
A registered charge1 property12/09/2022
outstanding
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital )
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital LLP)
A registered charge1 property31/08/2022
outstanding
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital )
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital LLP)
A registered charge1 property16/08/2022
outstanding
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital )
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital LLP)
A registered charge3 properties02/08/2022
outstanding
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital )
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital LLP)
A registered charge1 property02/06/2022
outstanding
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital )
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital LLP)
A registered charge1 property31/05/2022
outstanding
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital )
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital LLP)
A registered charge1 property19/04/2022
outstanding
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital )
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital LLP)
A registered charge1 property19/04/2022
outstanding
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital )
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital LLP)
A registered charge1 property04/04/2022
outstanding
Social and Sustainable Housing LP
A registered charge1 property04/02/2022
outstanding
Social and Sustainable Housing LP
A registered charge1 property14/01/2022
outstanding
Social and Sustainable Housing LP
A registered charge1 property09/12/2021
outstanding
Social and Sustainable Housing LP
A registered charge1 property01/12/2021
outstanding
Social and Sustainable Housing LP
A registered charge1 property02/11/2021
outstanding
Social and Sustainable Housing LP
A registered charge1 property15/10/2021
outstanding
Social and Sustainable Housing LP
A registered charge1 property15/07/2021
satisfied
Social and Sustainable Housing LP
A registered charge1 property05/07/202110/08/2021
outstanding
Social and Sustainable Housing LP
A registered charge1 property05/07/2021
outstanding
Social and Sustainable Housing LP
A registered charge3 properties09/06/2021
outstanding
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital )
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital LLP)
A registered charge1 property17/05/2021
outstanding
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital )
Social and Sustainable Housing LP (Acting Through Its Manager Social and Sustainable Capital LLP)
A registered charge1 property17/05/2021
outstanding
Social and Sustainable Housing LP
A registered charge1 property31/03/2021
outstanding
Social and Sustainable Housing LP
A registered charge1 property25/03/2021
outstanding
Social and Sustainable Housing LP
A registered charge1 property08/03/2021
outstanding
Social and Sustainable Housing LP
A registered charge1 property08/03/2021
outstanding
Social and Sustainable Housing LP
A registered charge1 property11/02/2021
outstanding
Social and Sustainable Housing LP (Acting Through Its General Partner, Social and Sustainable Capital )
Social and Sustainable Housing LP (Acting Through Its General Partner, Social and Sustainable Capital LLP)
A registered charge26/11/2020
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property21/02/200330/01/2014
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (200 total)

accounts-with-accounts-type-group
accounts · AA
2025-12-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-08-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-05
appoint-person-director-company-with-name-date
officers · AP01
2025-07-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-14
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-08
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-07
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-07
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-07
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-07
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-07
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-07