A R D PROPERTIES LIMITED

🌳Matureactive
SC193678 · ltd · incorporated 1999-02-22
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 20.3y old — refinance window within 12 months
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No material changes in the last 90 days.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£3.16M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Asset-holding vehicle with a 62-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (70/100, director aged 62). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 20.3y

85/100
ready

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

  • · Oldest live charge is 20.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 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
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
81 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 £3,159,446
Cash YoY
+28%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£163k
↑ 28% YoY
Net Worth
£3.2m
↑ 2.8% YoY
Current Assets
£328k
↑ 36% YoY
Current Liabilities
—
£0£632k£1.3m£1.9m£2.5m£3.2mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£3.16M£3.07M
Current assets£327.6k£241.3k
Cash£162.5k£126.5k
Debtors£165.1k£114.8k
Net assets£3.16M£3.07M

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
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  3. 2024-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-11-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-05-11
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2022-05-10
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2022-04-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  9. 2022-04-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2021-10-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-03-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2019-03-15
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  15. 2019-03-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2018-09-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2013-10-05
    🔓
    Charge satisfied #1
  18. 2006-04-08
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  19. 2000-05-03
    ➕
    DUTHIE, Richard Sneddon appointed
    secretary
  20. 2000-05-03
    ➖
    MASSON & GLENNIE resigned
    corporate-nominee-secretary
  21. 1999-02-22
    🏢
    Company incorporated
    As A R D PROPERTIES LIMITED
  22. 1999-02-22
    ➕
    DUTHIE, Alexander appointed
    director
  23. 1999-02-22
    ➕
    DUTHIE, Richard Sneddon appointed
    director
  24. 1999-02-22
    ➕
    MASSON & GLENNIE appointed
    corporate-nominee-secretary
  25. 1999-02-22
    ➕
    MILTON, Bruce appointed
    director
  26. 1999-02-22
    ➖
    MILTON, Bruce resigned
    director

Owner dependency

84/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 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.)

Group structure

Ard Properties (Holdings) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Ard Properties (Holdings) Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
A R D PROPERTIES LIMITED
This company · SC193678

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Ard Properties (Holdings) Limited
Corporate entity
75–100%
—75-100% shares05/05/2021
1 historic (ceased) PSC
  • Alexander Duthie & Sons Limitedceased 05/05/2021· 75-100% shares

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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——7324y8776y
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——£123.8k—18y8265y
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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
Incorporated1999-02-22
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

2 St Andrew Street
Peterhead
Aberdeenshire
AB42 1DS

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-08
Last: 2026-02-22

Officers (3 active · 2 resigned)

DUTHIE, Richard Sneddon→
secretary · appointed 2000-05-03
View their other companies + combined net worth →
Active
DUTHIE, Alexander→
director · ~62y · appointed 1999-02-22
View their other companies + combined net worth →
Active
DUTHIE, Richard Sneddon→
director · ~62y · appointed 1999-02-22
View their other companies + combined net worth →
Active
MASSON & GLENNIE→
corporate-nominee-secretary · appointed 1999-02-22 · resigned 2000-05-03
Resigned
MILTON, Bruce→
director · ~69y · appointed 1999-02-22 · resigned 1999-02-22
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 Governor and Company of the Bank of Scotland
Bond & floating charge1 property08/04/200605/10/2013

Recent filings (81 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-04-23
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-16
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-01
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-23
gazette-filings-brought-up-to-date
gazette · DISS40
2022-05-11
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-10
gazette-notice-compulsory
gazette · GAZ1
2022-05-10
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-04-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-04-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-04