MARITIME DEVELOPMENTS LIMITED

🌳Matureactive

SC200926 · ltd · incorporated 1999-10-21

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

77/100

Strong

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What this business does

Primary activity: SIC 28220

Sector: Manufacturing

ALSO REGISTERED FOR

28990SIC 28990

Investor take

Pursue

Active trading company with a 77-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

15 live charges · 8 lenders · oldest 26.5y

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 26.5 years old — likely at or near maturity.
· 8 lenders named — inter-creditor friction likely.
· Legal-friction score 53/100 (high).

Data confidence

Overall: medium (58/100)

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

No iXBRL financials extracted

Lenders & charges

15 charges (15/15 with lender, 15/15 with type)

Directors & officers

22 officers (12 active, 22 linked, 18 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

3 connected companies via shared directors

Filing history

150 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

77/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

• 4 officers
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (84 events)Click to expand

2026-01-28
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-01-28
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-01-05
➕
GARDINER, David appointed
director
2026-01-05
➕
LITTLE, Graeme appointed
director
2025-12-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-12-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-12-03
📄
accounts-with-accounts-type-full
accounts · AA
2025-12-01
➕
HUNT, David Brian appointed
director
2025-12-01
➕
THORNTON, Lee George appointed
director
2025-04-07
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-31
🔒
Charge registered #15
Lender: Santander UK PLC as Security Agent
2025-01-08
📄
accounts-with-accounts-type-group
accounts · AA
2024-12-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-12-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-12-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-11-04
➕
JURCZAK, Aleksandra appointed
director
2024-11-04
➕
KEAY, Ramsay appointed
director
2024-11-04
➕
SHAW, Martin Humphrey appointed
director
2024-07-31
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-31
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-31
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-31
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-31
🔓
Charge satisfied #13
2024-07-31
🔓
Charge satisfied #12
2024-07-31
🔓
Charge satisfied #11
2024-07-31
🔓
Charge satisfied #10
2024-07-23
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-17
🔒
Charge registered #14
Lender: Santander UK PLC as Security Agent
2024-05-08
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-05-03
➖
BLEASE-SHEPLEY, Michael Stephen resigned
director
2024-04-19
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-04-18
➖
MACKINTOSH, Sharon resigned
director
2024-04-18
➖
SMITH, Joyce Shand resigned
director
2024-04-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-04-18
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-04-16
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-23
📄
accounts-with-accounts-type-group
accounts · AA
2023-11-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-10-31
➕
BLEASE-SHEPLEY, Michael Stephen appointed
director
2021-02-08
🔓
Charge satisfied #9
2021-02-08
🔓
Charge satisfied #8
2020-10-12
➕
BLAQUIERE, Andrew appointed
director
2020-10-12
➕
MACKINTOSH, Sharon appointed
director
2020-10-05
🔒
Charge registered #13
Lender: Tc Loans (Cbils) Limited as Security Trustee of the Secured Parties
2020-10-01
🔒
Charge registered #12
Lender: Tc Loans (Cbils) Limited as Security Trustee of the Secured Parties
2020-03-05
🔒
Charge registered #11
Lender: Esf Loans Limited (As Security Trustee of the Secured Parties)
2020-02-28
🔒
Charge registered #10
Lender: Esf Loans Limited as Security Trustee
2019-07-01
➕
MELDRUM, Brian James appointed
director
2018-09-14
➖
GASKIN, Michael Craig resigned
director

Showing most recent 50 of 84 events

Owner dependency

55/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-11 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 77 — succession pressure is live.

Succession & seller-readiness

73/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 14 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

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.

Group structure

Maritime Developments Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Maritime Developments Group Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

MARITIME DEVELOPMENTS LIMITED

This company · SC200926

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%

Name	Shares	Voting rights	Nature of control	Notified
Maritime Developments Group Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	18/04/2024

1 historic (ceased) PSC

Derek Smithceased 18/04/2024· 50-75% shares · 50-75% voting

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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PFR SUBSEA LTD→ SC566376 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
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PIPPA CONSTRUCTION & CRAFTS LTD→ SC703107 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
PISARA LTD→ SC857169 · est 2025 · no financials extracted	—	—	—	—	—	—	—
PITMACHIE GARAGE LIMITED→ SC258585 · est 2003 · no financials extracted	—	—	—	—	22y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated1999-10-21

Jurisdictionscotland

Primary SIC28220 — SIC 28220

Registered office

Maritime House

Gateway Business Park

Aberdeen

AB12 3GW

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-06-27

Last: 2025-06-13