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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
—
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-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 26.4y
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 26.4 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 accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-09-30 |
|---|---|
| Average employees | 200 |
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
- 2025-11-04📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2025-06-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-04-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-07-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-06-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-06-16📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-09-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-09-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-09-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-06-27📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-06-25➕MCCANDLISH, Lorna Mary appointeddirector
- 2016-06-25➕MCCANDLISH, Ross Raymond appointeddirector
- 2016-06-25➖MCCANDLISH, Raymond resigneddirector
- 2015-12-21📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-12-19➖THOMSON, Neil Gordon resigneddirector
- 2008-10-24🔒Charge registered #22Lender: Royal Bank of Scotland PLC
- 2008-10-24🔒Charge registered #21Lender: Royal Bank of Scotland PLC
- 2008-10-23🔒Charge registered #23Lender: Royal Bank of Scotland PLC
- 2008-07-08🔒Charge registered #20Lender: Royal Bank of Scotland PLC
- 2008-07-08🔒Charge registered #19Lender: Royal Bank of Scotland PLC
- 2007-11-15🔒Charge registered #18Lender: The Royal Bank of Scotland PLC
- 2007-11-08🔒Charge registered #17Lender: The Royal Bank of Scotland PLC
- 2007-09-23➕THOMSON, Neil Gordon appointeddirector
- 2007-05-11🔒Charge registered #16Lender: The Royal Bank of Scotland PLC
- 2007-05-11🔒Charge registered #15Lender: The Royal Bank of Scotland PLC
- 2007-01-18🔒Charge registered #14Lender: The Royal Bank of Scotland PLC
- 2006-11-01🔒Charge registered #13Lender: The Royal Bank of Scotland PLC
- 2006-09-15🔓Charge satisfied #6
- 2006-09-15🔓Charge satisfied #5
- 2006-06-09🔒Charge registered #12Lender: The Royal Bank of Scotland PLC
- 2005-12-29🔒Charge registered #11Lender: The Royal Bank of Scotland PLC
- 2004-06-10🔒Charge registered #10Lender: Cala Management Limited
- 2004-06-10🔒Charge registered #9Lender: The Governor and Company of the Bank of Scotland
- 2003-12-08🔒Charge registered #8Lender: The Governor and Company of the Bank of Scotland
- 2003-12-08🔒Charge registered #7Lender: Cala Management Limited
- 2003-11-24🔓Charge satisfied #4
- 2003-11-24🔓Charge satisfied #1
- 2003-11-06🔒Charge registered #6Lender: The Governor and Company of the Bank of Scotland
- 2003-11-06🔒Charge registered #5Lender: Cala Management Limited
- 2002-01-31🔓Charge satisfied #3
- 2002-01-24🔓Charge satisfied #2
- 2000-03-10🔒Charge registered #4Lender: The Governor and Company of the Bank of Scotland
- 2000-02-13🔒Charge registered #3Lender: The Governor and Company of the Bank of Scotland
- 2000-01-13🔒Charge registered #2Lender: Cala Management Limited
- 1999-12-20🔒Charge registered #1Lender: Cala Management Limited
- 1999-11-19🏢Company incorporatedAs ERRADALE PROPERTIES LTD.
Showing most recent 50 of 56 events
Owner dependency
81/100
Critical — business is the founderThe 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
76/100
Likely off-market candidateStrong 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 26 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
17 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Lorna Mary Mccandlish Individual · British · DOB 10/1953 · age 73 | — | 25–50% | board control25-50% voting · board control | 19/11/2016 |
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
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|---|---|---|---|---|---|---|---|
| GALLACHER HOMES LTD→ SC535835 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| GRANGEMOUTH RETAIL PROPERTIES LIMITED→ SC585951 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| HORIZON PROPERTIES SCOTLAND LTD→ SC868611 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| HUGH MACPHERSON (SCOTLAND) LIMITED→ SC024888 · est 1946 · no financials extracted | — | — | — | — | 79y | — | — |
| HUSHINISH HUTS LTD→ SC622263 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| IDRC LTD→ SC819144 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| INDIVIDUAL UNIT HIRE LTD→ SC223737 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| IRVINE CONSULTING SERVICES LIMITED→ SC528428 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| ISLA MURRAY PROPERTIES LIMITED→ SC868676 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| J. E. CROZIER LTD.→ SC467673 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| J.R. JOHNSTON DEVELOPMENTS LIMITED→ SC291429 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| JAI GROUP SCOTLAND LTD→ SC834094 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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→
Activesecretary · appointed 1999-11-19
View their other companies + combined net worth →
MCCANDLISH, Lorna Mary→
Activedirector · ~73y · appointed 2016-06-25
View their other companies + combined net worth →
MCCANDLISH, Ross Raymond→
Activedirector · ~50y · appointed 2016-06-25
View their other companies + combined net worth →
FIRST SCOTTISH SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1999-11-19 · resigned 1999-11-19
MCCANDLISH, Raymond→
Resigneddirector · ~73y · appointed 1999-11-19 · resigned 2016-06-25
THOMSON, Neil Gordon→
Resigneddirector · ~74y · appointed 2007-09-23 · resigned 2014-12-19
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→
Resignedcorporate-nominee-director · appointed 1999-11-19 · resigned 1999-11-19
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 24/10/2008 | — | |
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 24/10/2008 | — | |
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 23/10/2008 | — | |
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 08/07/2008 | — | |
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 08/07/2008 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 15/11/2007 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 08/11/2007 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 11/05/2007 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 11/05/2007 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 18/01/2007 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 01/11/2006 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 09/06/2006 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 29/12/2005 | — | |
| outstanding | Cala Management Cala Management Limited | Standard security | 1 property | 10/06/2004 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 10/06/2004 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 08/12/2003 | — | |
| outstanding | Cala Management Cala Management Limited | Standard security | 3 properties | 08/12/2003 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 06/11/2003 | 15/09/2006 | |
| satisfied | Cala Management Cala Management Limited | Bond & floating charge | 1 property | 06/11/2003 | 15/09/2006 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 10/03/2000 | 24/11/2003 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 13/02/2000 | 31/01/2002 | |
| satisfied | Cala Management Cala Management Limited | Bond & floating charge | 1 property | 13/01/2000 | 24/01/2002 | |
| satisfied | Cala Management Cala Management Limited | Standard security | 1 property | 20/12/1999 | 24/11/2003 |
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