WESTRAY DEVELOPMENT TRUST

🌳Matureactive

SC201004 · private-limited-guarant-nsc-limited-exemption · incorporated 1999-10-25

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.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

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

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jun 2025

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Other business support service activities n.e.c.

Sector: Administrative & support services

Investor take

Pursue

Active trading company with a 69-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 19.6y

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 19.6 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 48/100 (high).

Data confidence

Overall: medium (64/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

82 officers (9 active, 82 linked, 71 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

3 connected companies via shared directors

Filing history

226 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

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.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-06-30
Average employees	12

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 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

filings

Last 180 days

filings

• 1 accounts
• 1 officers

Counts from Companies House filing history.

Corporate timeline (181 events)Click to expand

2026-03-31
📄
accounts-with-accounts-type-full
accounts · AA
2026-02-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-01-28
➖
SINCLAIR, Kirstina resigned
director
2025-07-21
➖
WHITE, Peter Michael resigned
director
2025-07-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-06-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-06-05
➖
STEPHENSON, David Alexander resigned
director
2025-02-26
📄
accounts-with-accounts-type-group
accounts · AA
2024-12-04
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-12-03
➕
SINCLAIR, Kirstina appointed
director
2024-05-28
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-05-28
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-05-15
➖
DREVER, Steven Thompson resigned
director
2024-05-14
➖
SINCLAIR, Kristina resigned
director
2023-12-14
📄
accounts-with-accounts-type-group
accounts · AA
2023-11-21
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-11-21
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-11-21
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-11-14
➕
RENDALL, Margaret Helen appointed
director
2023-11-14
➕
SEATTER, David Rendall appointed
director
2023-11-14
➕
SINCLAIR, Kristina appointed
director
2023-06-07
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-26
➖
GILL, Harmandeep Singh resigned
director
2023-04-14
📄
accounts-with-accounts-type-group
accounts · AA
2022-12-14
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-12-06
➕
WHITE, Peter Michael appointed
director
2022-03-18
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-03-17
➕
THOMSON, George appointed
director
2022-02-08
📄
accounts-with-accounts-type-group
accounts · AA
2021-12-06
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-12-06
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-12-06
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-12-02
➖
BAIN, Helen resigned
director
2021-12-02
➕
GILL, Harmandeep Singh appointed
director
2021-12-02
➖
SEATTER, Andrew Gavin resigned
director
2021-03-30
🔒
Charge registered #4
Lender: The Scottish Ministers
2020-12-08
➕
DRAKE, Coilla Anne appointed
director
2020-12-08
➕
DREVER, Steven Thompson appointed
director
2020-12-08
➕
STEPHENSON, David Alexander appointed
director
2020-03-04
➖
POTTINGER, Louis resigned
secretary
2019-11-05
➕
BURGHER, Anne appointed
secretary
2019-11-05
➖
TURNBULL, William resigned
director
2019-09-10
➖
BEWS, John Philip Meil resigned
director
2019-07-09
➖
BARNETT, Julian resigned
director
2018-11-06
➕
BURGHER, Anne appointed
director
2018-11-06
➕
MCEWEN, Gill appointed
director
2018-11-06
➖
BEWS, John Philip Meil resigned
secretary
2018-11-06
➕
POTTINGER, Louis appointed
secretary
2018-11-06
➕
BAIN, Helen appointed
director
2018-11-06
➕
BARNETT, Julian appointed
director

Showing most recent 50 of 181 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

-8 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

63/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 15 years.
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.)

🔒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 →

Similar companies

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JOHN G. CORSE FUNERAL DIRECTORS LIMITED→ SC294099 · est 2005	—	—	—	14	20y	82	64y
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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

Typeprivate-limited-guarant-nsc-limited-exemption

Incorporated1999-10-25

Jurisdictionscotland

Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Unit 1 Quarry Road

Westray

Orkney

Scotland

KW17 2DF

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2026-11-08

Last: 2025-10-25