ERRADALE PROPERTIES LTD.

🌳Matureactive
SC201695 · ltd · incorporated 1999-11-19
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.
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 Sept 2024
Net worth
—
book net assets
Opportunity
73/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 73-year-old founder — textbook succession opportunity.

Opportunity 73/100 (strong), bankability 57/100. Strong seller-intent signal (68/100, director aged 73). Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

23 live charges · 4 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.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 50/100 (high).

Data confidence

Overall: medium (75/100)

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
50
Lenders & charges
23 charges (23/23 with lender, 23/23 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
14 connected companies via shared directors
87
Filing history
110 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
74
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
Metric2024-09-30
Average employees200

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

🔒Filing-note intelligence

1 signal 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 (56 events)Click to expand
  1. 2025-11-04
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  2. 2025-06-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-06-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-04-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-03-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-04-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-07-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-06-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-06-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-06-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-09-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2016-09-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2016-09-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2016-06-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-06-25
    ➕
    MCCANDLISH, Lorna Mary appointed
    director
  16. 2016-06-25
    ➕
    MCCANDLISH, Ross Raymond appointed
    director
  17. 2016-06-25
    ➖
    MCCANDLISH, Raymond resigned
    director
  18. 2015-12-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2014-12-19
    ➖
    THOMSON, Neil Gordon resigned
    director
  20. 2008-10-24
    🔒
    Charge registered #22
    Lender: Royal Bank of Scotland PLC
  21. 2008-10-24
    🔒
    Charge registered #21
    Lender: Royal Bank of Scotland PLC
  22. 2008-10-23
    🔒
    Charge registered #23
    Lender: Royal Bank of Scotland PLC
  23. 2008-07-08
    🔒
    Charge registered #20
    Lender: Royal Bank of Scotland PLC
  24. 2008-07-08
    🔒
    Charge registered #19
    Lender: Royal Bank of Scotland PLC
  25. 2007-11-15
    🔒
    Charge registered #18
    Lender: The Royal Bank of Scotland PLC
  26. 2007-11-08
    🔒
    Charge registered #17
    Lender: The Royal Bank of Scotland PLC
  27. 2007-09-23
    ➕
    THOMSON, Neil Gordon appointed
    director
  28. 2007-05-11
    🔒
    Charge registered #16
    Lender: The Royal Bank of Scotland PLC
  29. 2007-05-11
    🔒
    Charge registered #15
    Lender: The Royal Bank of Scotland PLC
  30. 2007-01-18
    🔒
    Charge registered #14
    Lender: The Royal Bank of Scotland PLC
  31. 2006-11-01
    🔒
    Charge registered #13
    Lender: The Royal Bank of Scotland PLC
  32. 2006-09-15
    🔓
    Charge satisfied #6
  33. 2006-09-15
    🔓
    Charge satisfied #5
  34. 2006-06-09
    🔒
    Charge registered #12
    Lender: The Royal Bank of Scotland PLC
  35. 2005-12-29
    🔒
    Charge registered #11
    Lender: The Royal Bank of Scotland PLC
  36. 2004-06-10
    🔒
    Charge registered #10
    Lender: Cala Management Limited
  37. 2004-06-10
    🔒
    Charge registered #9
    Lender: The Governor and Company of the Bank of Scotland
  38. 2003-12-08
    🔒
    Charge registered #8
    Lender: The Governor and Company of the Bank of Scotland
  39. 2003-12-08
    🔒
    Charge registered #7
    Lender: Cala Management Limited
  40. 2003-11-24
    🔓
    Charge satisfied #4
  41. 2003-11-24
    🔓
    Charge satisfied #1
  42. 2003-11-06
    🔒
    Charge registered #6
    Lender: The Governor and Company of the Bank of Scotland
  43. 2003-11-06
    🔒
    Charge registered #5
    Lender: Cala Management Limited
  44. 2002-01-31
    🔓
    Charge satisfied #3
  45. 2002-01-24
    🔓
    Charge satisfied #2
  46. 2000-03-10
    🔒
    Charge registered #4
    Lender: The Governor and Company of the Bank of Scotland
  47. 2000-02-13
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  48. 2000-01-13
    🔒
    Charge registered #2
    Lender: Cala Management Limited
  49. 1999-12-20
    🔒
    Charge registered #1
    Lender: Cala Management Limited
  50. 1999-11-19
    🏢
    Company incorporated
    As ERRADALE PROPERTIES LTD.
Showing most recent 50 of 56 events

Owner dependency

81/100
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.
  • +Founder age: Director aged approximately 73 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

81/100
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 73 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

1 med · 1 low
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.

17 live charges
low

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

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mrs Lorna Mary Mccandlish
Individual · British · DOB 10/1953 · age 73
—25–50%board control25-50% voting · board control19/11/2016

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 →

Similar companies

Active · Property · FK postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
JS PROPERTY (SCOTLAND) LIMITED→
SC265091 · est 2004
£838.4k
£712.6k–£964.1k
—£838.4k—22y8266y
LLAFRANC PROPERTIES LIMITED→
SC213190 · est 2000
£765.8k
£650.9k–£880.6k
—£765.8k—25y8267y
VILLAFIELD LTD.→
SC339039 · est 2008
£533.9k
£453.8k–£614.0k
—£533.9k—18y8258y
CHURCH STREET INVESTMENTS (INVERNESS) LIMITED→
SC296811 · est 2006
£472.3k
£401.4k–£543.1k
—£472.3k—20y8267y
R & H PROPERTIES LTD.→
SC197981 · est 1999
£447.6k
£380.5k–£514.8k
—£447.6k—26y8266y
DIS INVESTMENTS LIMITED→
SC228996 · est 2002
£372.7k
£316.8k–£428.6k
—£372.7k—24y8264y
CHINA PALACE (GLASGOW) LIMITED→
SC309502 · est 2006
£232.6k
£197.7k–£267.5k
—£232.6k—19y8164y
A. MCCALLUM (PROPERTIES) LIMITED→
SC148001 · est 1993
£168.8k
£143.5k–£194.1k
—£168.8k—32y8260y
CENTRAL SCOTLAND HOMES LIMITED→
SC351414 · est 2008
£134.5k
£114.3k–£154.6k
—£134.5k—17y8293y
VIRGIL LTD.→
SC370740 · est 2010
£115.5k
£98.2k–£132.9k
—£115.5k—16y8258y
ALPHA EQUITIES LIMITED→
SC331034 · est 2007
£105.8k
£89.9k–£121.6k
—£105.8k—18y8363y
SOLSO LIMITED→
SC334086 · est 2007
£57.5k
£48.9k–£66.1k
—£57.5k—18y8360y
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
Incorporated1999-11-19
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

1 Tullibody Road
Alloa
Clackmannanshire
FK10 2LL

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-12-03
Last: 2025-11-19

Officers (3 active · 4 resigned)

MCCANDLISH, Lorna Mary→
secretary · appointed 1999-11-19
View their other companies + combined net worth →
Active
MCCANDLISH, Lorna Mary→
director · ~73y · appointed 2016-06-25
View their other companies + combined net worth →
Active
MCCANDLISH, Ross Raymond→
director · ~50y · appointed 2016-06-25
View their other companies + combined net worth →
Active
FIRST SCOTTISH SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1999-11-19 · resigned 1999-11-19
Resigned
MCCANDLISH, Raymond→
director · ~73y · appointed 1999-11-19 · resigned 2016-06-25
Resigned
THOMSON, Neil Gordon→
director · ~74y · appointed 2007-09-23 · resigned 2014-12-19
Resigned
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→
corporate-nominee-director · appointed 1999-11-19 · resigned 1999-11-19
Resigned

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

Mortgages & charges

23
Total charges
17
Outstanding
2
Active lenders
Status:Lender:23 of 23 shown
TypeProperties
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property24/10/2008—
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property24/10/2008—
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property23/10/2008—
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property08/07/2008—
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property08/07/2008—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property15/11/2007—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property08/11/2007—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property11/05/2007—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property11/05/2007—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property18/01/2007—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property01/11/2006—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property09/06/2006—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property29/12/2005—
outstanding
Cala Management
Cala Management Limited
Standard security1 property10/06/2004—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property10/06/2004—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property08/12/2003—
outstanding
Cala Management
Cala Management Limited
Standard security3 properties08/12/2003—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property06/11/200315/09/2006
satisfied
Cala Management
Cala Management Limited
Bond & floating charge1 property06/11/200315/09/2006
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property10/03/200024/11/2003
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property13/02/200031/01/2002
satisfied
Cala Management
Cala Management Limited
Bond & floating charge1 property13/01/200024/01/2002
satisfied
Cala Management
Cala Management Limited
Standard security1 property20/12/199924/11/2003
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (110 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-11
change-account-reference-date-company-current-extended
accounts · AA01
2025-11-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-28