HEDGEDRIVE LIMITED

🌳Matureactive

SC196099 · ltd · incorporated 1999-05-11

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 24.4y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Sept 2025

Net worth

£374.4k

book net assets

Opportunity

72/100

Strong

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What this business does

Primary activity: Other letting and operating of own or leased real estate

Sector: Real estate

Investor take

Special-situation opportunity

Distressed property with salvageable qualities — special-situations priority.

Opportunity 72/100 (strong), bankability 50/100. Strong seller-intent signal (63/100, director aged 84). Most likely exit: strategic trade sale (53/100).

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 24.4y

50/100

clean up first

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

· Oldest live charge is 24.4 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 35/100 — 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

Lenders & charges

5 charges (5/5 with lender, 5/5 with type)

Directors & officers

7 officers (5 active, 7 linked, 4 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

4 connected companies via shared directors

Filing history

80 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

72/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review 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 £374,352

Net assets shrinking

Down £13,891 YoY

Cash YoY

-8%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£31k

↓ 7.8% YoY

Net Worth

£374k

↓ 3.6% YoY

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-09-30	2024-09-30
Cash	£31.2k	£33.9k
Net assets	£374.4k	£388.2k

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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (34 events)Click to expand

2026-03-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-06-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-05-19
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-11-22
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2016-11-15
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2016-11-15
🔒
Charge registered #5
Lender: The Royal Bank of Scotland PLC
2016-11-09
🔒
Charge registered #4
Lender: The Royal Bank of Scotland PLC
2016-06-24
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-03-21
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-05-18
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-04-09
📄
accounts-with-accounts-type-partial-exemption
accounts · AA
2012-11-02
🔓
Charge satisfied #3
2012-11-02
🔓
Charge satisfied #1
2009-08-14
🔓
Charge satisfied #2
2002-03-29
🔒
Charge registered #3
Lender: The Governor and Company of the Bank of Scotland
2002-03-29
🔒
Charge registered #2
Lender: The Governor and Company of the Bank of Scotland
2002-03-18
➕
DUNCAN, Gordon Alexander appointed
director
2001-12-06
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
1999-05-24
➕
MACDONALD, Carol appointed
director
1999-05-20
➕
DUNCAN, Ann appointed
secretary
1999-05-20
➕
DUNCAN, Ann appointed
director
1999-05-20
➕
DUNCAN, Craig appointed
director
1999-05-20
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
1999-05-20
➖
JORDANS (SCOTLAND) LIMITED resigned
corporate-nominee-director
1999-05-11
🏢
Company incorporated
As HEDGEDRIVE LIMITED
1999-05-11
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
1999-05-11
➕
JORDANS (SCOTLAND) LIMITED appointed
corporate-nominee-director

Owner dependency

73/100

High — earn-out structure required

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

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 27 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

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 84 years old. Natural succession window is now.
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

2 med ·

Has insolvency history

medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

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.

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Gordon Alexander Duncan Individual · Scottish · DOB 06/1942 · age 84	—	—	sig. influencesignificant influence	10/05/2016

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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LEEM PROPERTY LIMITED→ SC678145 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
LETTING-IN-SCOTLAND LTD.→ SC231382 · est 2002 · no financials extracted	—	—	—	—	23y	—	—
LETTINGS INVERNESS LTD→ SC471619 · est 2014 · no financials extracted	—	—	—	—	12y	—	—
LGS HIGHLAND PROPERTY LIMITED→ SC801146 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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

Incorporated1999-05-11

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Cedar Lodge

Green Drive

Inverness

Highland

IV2 4EX

Filing status

Accounts

Next due: 2027-06-30

Last made up to: 2025-09-30

Confirmation statement

Next due: 2026-05-25

Last: 2025-05-11

Officers (5 active · 2 resigned)

DUNCAN, Ann→

secretary · appointed 1999-05-20

View their other companies + combined net worth →

Active

DUNCAN, Ann→

director · ~82y · appointed 1999-05-20

View their other companies + combined net worth →

Active

DUNCAN, Craig→

director · ~55y · appointed 1999-05-20

View their other companies + combined net worth →

Active

DUNCAN, Gordon Alexander→

director · ~84y · appointed 2002-03-18

View their other companies + combined net worth →

Active

MACDONALD, Carol→

director · ~53y · appointed 1999-05-24

View their other companies + combined net worth →

Active

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 1999-05-11 · resigned 1999-05-20

Resigned

JORDANS (SCOTLAND) LIMITED→

corporate-nominee-director · appointed 1999-05-11 · resigned 1999-05-20

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:5 of 5 shown

		Type	Properties
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	2 properties	15/11/2016	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	—	09/11/2016	—
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	29/03/2002	02/11/2012
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	29/03/2002	14/08/2009
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Bond & floating charge	1 property	06/12/2001	02/11/2012

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (80 total)

accounts-with-accounts-type-total-exemption-full

accounts · AA

2026-03-06

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-06-04

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-05-21

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-05-13

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-02-05

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-05-25

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-03-09

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-05-11

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-04-07

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-05-14

accounts-with-accounts-type-total-exemption-full

accounts · AA

2021-03-16

accounts-with-accounts-type-total-exemption-full

accounts · AA

2020-06-08

confirmation-statement-with-no-updates

confirmation-statement · CS01

2020-05-18

accounts-with-accounts-type-total-exemption-full

accounts · AA

2019-06-04

confirmation-statement-with-no-updates

confirmation-statement · CS01

2019-05-22