ARMSTRONG PROPERTIES (SCOTLAND) LIMITED

🌳Matureactive

SC212143 · ltd · incorporated 2000-10-19

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 material changes in the last 90 days.

Last 180 days

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

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£1.50M

book net assets

Opportunity

79/100

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

Pursue

Property-backed borrower with a 83-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 83). 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 (65/100).

🏦

Refinance opportunity

9 live charges · 3 lenders · oldest 22.5y

15/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 22.5 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (81/100)

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

9 charges (9/9 with lender, 9/9 with type)

Directors & officers

10 officers (6 active, 10 linked, 6 with DOB)

Ownership & PSC

1 active PSC(s) of 5 total, 5 with control declared

Director network

9 connected companies via shared directors

Filing history

105 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

79/100Strong

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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £1,503,718

Cash draining

Cash down 83% YoY

Cash YoY

-83%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£65k

↓ 83% YoY

Net Worth

£1.5m

↑ 6.0% YoY

Current Assets

£827k

↓ 19% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£1.66M	£1.59M
Current assets	£826.9k	£1.02M
Cash	£64.7k	£373.8k
Debtors	£111.2k	£95.5k
Net assets	£1.50M	£1.42M

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 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (47 events)Click to expand

2025-12-22
📄
accounts-with-accounts-type-small
accounts · AA
2024-12-17
📄
accounts-with-accounts-type-small
accounts · AA
2024-07-08
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-08
🔓
Charge satisfied #6
2023-12-19
📄
accounts-with-accounts-type-small
accounts · AA
2022-12-20
📄
accounts-with-accounts-type-small
accounts · AA
2022-05-27
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-12-21
📄
accounts-with-accounts-type-small
accounts · AA
2021-01-12
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2021-01-05
📄
accounts-with-accounts-type-small
accounts · AA
2020-12-30
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2020-12-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-12-29
➕
THOMSON, Andrena appointed
secretary
2020-12-24
➖
WINTER, Brian resigned
secretary
2020-12-24
➖
WINTER, Brian resigned
director
2020-06-09
📄
change-person-director-company-with-change-date
officers · CH01
2020-02-26
📄
change-person-director-company-with-change-date
officers · CH01
2020-01-06
📄
accounts-with-accounts-type-small
accounts · AA
2019-06-11
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2019-06-11
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2019-06-11
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2018-06-13
🔓
Charge satisfied #5
2018-06-13
🔓
Charge satisfied #4
2018-06-13
🔓
Charge satisfied #3
2018-05-24
🔒
Charge registered #9
Lender: Aib Group (UK) PLC
2018-05-23
🔒
Charge registered #8
Lender: Aib Group (UK) PLC
2018-05-23
🔒
Charge registered #7
Lender: Aib Group (UK) PLC
2018-05-15
🔒
Charge registered #6
Lender: Aib Group (UK) PLC
2013-02-21
🔒
Charge registered #5
Lender: The Co-Operative Bank PLC
2013-02-21
🔒
Charge registered #4
Lender: The Co-Operative Bank PLC
2013-02-18
🔓
Charge satisfied #2
2013-02-18
🔓
Charge satisfied #1
2013-02-07
🔒
Charge registered #3
Lender: The Co-Operative Bank PLC
2007-08-10
➕
ARMSTRONG, John Andrew appointed
director
2007-08-10
➕
ARMSTRONG, Joyce appointed
director
2004-01-29
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2004-01-08
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2003-08-28
➕
WINTER, Brian appointed
director
2000-10-19
🏢
Company incorporated
As ARMSTRONG PROPERTIES (SCOTLAND) LIMITED
2000-10-19
➕
ARMSTRONG, Barbara Helen appointed
director
2000-10-19
➕
ARMSTRONG, Janet Mary appointed
director
2000-10-19
➕
ARMSTRONG, John Johnston appointed
director
2000-10-19
➕
WINTER, Brian appointed
secretary
2000-10-19
➕
FIRST SCOTTISH SECRETARIES LIMITED appointed
corporate-nominee-secretary
2000-10-19
➖
FIRST SCOTTISH SECRETARIES LIMITED resigned
corporate-nominee-secretary
2000-10-19
➕
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointed
corporate-nominee-director
2000-10-19
➖
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resigned
corporate-nominee-director

Owner dependency

88/100

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

-5 active directors: Broader management team in place — suggests transferable governance.
+Founder name in company name: Company name contains director surname "ARMSTRONG" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 83 — 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 83 years old. Natural succession window is now.
primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 26 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 ·

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

Armstrong Group (Scotland) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Armstrong Group (Scotland) Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

ARMSTRONG PROPERTIES (SCOTLAND) LIMITED

This company · SC212143

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
Armstrong Group (Scotland) Limited Corporate entity	75–100%	—	75-100% shares	15/05/2018

4 historic (ceased) PSCs

Ms Barbara Helen Armstrongceased 15/05/2018· 25-50% shares · 25-50% voting
Ms Janet Mary Hunterceased 15/05/2018· 25-50% shares · 25-50% voting
Mr John Johnston Armstrongceased 15/05/2018· 25-50% shares · 25-50% voting
Mr John Andrew Armstrongceased 15/05/2018· significant influence

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 · DG postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
HAYTON COULTHARD FREIGHT FORWARDING LIMITED→ SC030188 · est 1954	£1.22M £1.04M–£1.40M	—	£1.22M	—	71y	80	58y
ANZ INVESTMENTS LIMITED→ SC072313 · est 1980	£355.4k £302.1k–£408.7k	—	£355.4k	—	45y	79	68y
DUMFRIES PROPERTY RENTALS LIMITED→ SC358491 · est 2009	£313.9k £266.8k–£361.0k	—	£313.9k	—	17y	82	61y
CLOSEBURN NORTH LIMITED→ SC404954 · est 2011	£146.4k £124.4k–£168.3k	—	£146.4k	—	14y	80	71y
CORRA GARAGES LIMITED→ SC460646 · est 2013	£128.8k £109.5k–£148.1k	—	£128.8k	—	12y	80	82y
SOUTH WEST LETTINGS (STRANRAER) LIMITED→ SC242334 · est 2003	£119.7k £101.8k–£137.7k	—	£119.7k	—	23y	80	63y
S.W. PLANT (PROPERTY) LIMITED→ SC203221 · est 2000	£117.4k £99.8k–£135.0k	—	£117.4k	—	26y	82	74y
D.P. PROPERTIES (LOCKERBIE) LIMITED→ SC165488 · est 1996	£116.3k £98.8k–£133.7k	—	£116.3k	—	30y	80	77y
DHASRUTHAN PROPERTIES LIMITED→ SC245420 · est 2003	£112.9k £96.0k–£129.9k	—	£112.9k	—	23y	80	72y
KENMURE FISHERIES LIMITED→ SC044129 · est 1966	£99.0k £84.2k–£113.9k	—	£99.0k	—	59y	82	69y
CATHERINEFIELD PROPERTIES LTD→ SC388898 · est 2010	£86.0k £73.1k–£98.9k	—	£86.0k	—	15y	80	71y
A.QUINE (INVESTMENTS) LIMITED→ SC278698 · est 2005	£56.2k £47.7k–£64.6k	—	£56.2k	—	21y	79	64y

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

Incorporated2000-10-19

Jurisdictionscotland

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

Registered office

Unit 2 Downs Way Industrial Estate

Heathhall

Dumfries

DG1 3RS

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-01-20

Last: 2026-01-06

Officers (6 active · 4 resigned)

THOMSON, Andrena→

secretary · appointed 2020-12-29

View their other companies + combined net worth →

Active

ARMSTRONG, Barbara Helen→

director · ~60y · appointed 2000-10-19

View their other companies + combined net worth →

Active

ARMSTRONG, Janet Mary→

director · ~60y · appointed 2000-10-19

View their other companies + combined net worth →

Active

ARMSTRONG, John Andrew→

director · ~82y · appointed 2007-08-10

View their other companies + combined net worth →

Active

ARMSTRONG, John Johnston→

director · ~56y · appointed 2000-10-19

View their other companies + combined net worth →

Active

ARMSTRONG, Joyce→

director · ~83y · appointed 2007-08-10

View their other companies + combined net worth →

Active

WINTER, Brian→

secretary · appointed 2000-10-19 · resigned 2020-12-24

Resigned

FIRST SCOTTISH SECRETARIES LIMITED→

corporate-nominee-secretary · appointed 2000-10-19 · resigned 2000-10-19

Resigned

WINTER, Brian→

director · ~69y · appointed 2003-08-28 · resigned 2020-12-24

Resigned

FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→

corporate-nominee-director · appointed 2000-10-19 · resigned 2000-10-19

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:9 of 9 shown

		Type	Properties
outstanding	Aib Group (UK) Aib Group (UK) PLC	A registered charge	1 property	24/05/2018	—
outstanding	Aib Group (UK) Aib Group (UK) PLC	A registered charge	1 property	23/05/2018	—
outstanding	Aib Group (UK) Aib Group (UK) PLC	A registered charge	1 property	23/05/2018	—
satisfied	Aib Group (UK) Aib Group (UK) PLC	A registered charge	—	15/05/2018	08/07/2024
satisfied	Co-operative Bank The Co-Operative Bank PLC	Standard security	1 property	21/02/2013	13/06/2018
satisfied	Co-operative Bank The Co-Operative Bank PLC	Standard security	1 property	21/02/2013	13/06/2018
satisfied	Co-operative Bank The Co-Operative Bank PLC	Floating charge	1 property	07/02/2013	13/06/2018
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	29/01/2004	18/02/2013
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	08/01/2004	18/02/2013

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

Recent filings (105 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-06-03

accounts-with-accounts-type-small

accounts · AA

2025-12-22

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-06-04

accounts-with-accounts-type-small

accounts · AA

2024-12-17

mortgage-satisfy-charge-full

mortgage · MR04

2024-07-08

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-06-13

accounts-with-accounts-type-small

accounts · AA

2023-12-19

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-06-29

accounts-with-accounts-type-small

accounts · AA

2022-12-20

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-06-29

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2022-05-27

accounts-with-accounts-type-small

accounts · AA

2021-12-21

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-05-28

appoint-person-secretary-company-with-name-date

officers · AP03

2021-01-12

accounts-with-accounts-type-small

accounts · AA

2021-01-05