INVERNESS CALEDONIAN THISTLE PROPERTIES LIMITED
🌳Matureactive
SC212228 · ltd · incorporated 2000-10-23
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 Dec 2024
Net worth
—
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueActive trading company with a 84-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 77/100. Strong seller-intent signal (78/100, director aged 84). Share purchase looks the cleaner deal structure. 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 (73/100).
🏦
Refinance opportunity
6 live charges · 4 lenders · oldest 24.8y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 24.8 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: high (83/100)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
75
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
15 officers (2 active, 15 linked, 8 with DOB)
81
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
20 connected companies via shared directors
90
Filing history
131 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 2 | 0 |
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
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (58 events)Click to expand
- 2025-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-22📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-11-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-08-24📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-08-24📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-08-24📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-08-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-08-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-08-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-08-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-08-23➕CAMERON, David John appointeddirector
- 2023-08-23➕MORRISON, James Ross appointeddirector
- 2023-08-23➖DI CIACCA, Cesidio Martin resigneddirector
- 2023-08-23➖FRASER, George Gabriel resigneddirector
- 2022-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-08-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-03-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-03-05🔓Charge satisfied #3
- 2019-03-05🔓Charge satisfied #1
- 2019-01-23🔓Charge satisfied #6
- 2017-04-29🔓Charge satisfied #4
- 2016-01-21➖VALAD SECRETARIAL SERVICES LIMITED resignedcorporate-secretary
- 2015-03-14🔓Charge satisfied #2
- 2015-03-06🔓Charge satisfied #5
- 2012-06-29➖CAMERON, James resignedsecretary
- 2012-01-21➕CAMERON, James appointedsecretary
- 2012-01-21➖SUTHERLAND, David Fraser resignedsecretary
- 2012-01-16🔒Charge registered #6Lender: Bank of Scotland PLC
- 2012-01-11➖SUTHERLAND, David Fraser resigneddirector
- 2012-01-10🔒Charge registered #5Lender: Bank of Scotland PLC
- 2011-12-31➕FRASER, George Gabriel appointeddirector
- 2011-04-26➖MARSHALL, Alyson resigneddirector
- 2007-03-30➕MARSHALL, Alyson appointeddirector
- 2007-03-22➖MACKIE, Kenneth George resigneddirector
- 2005-04-06➖MACKIE, Kenneth George resignedsecretary
- 2005-04-06➕SUTHERLAND, David Fraser appointedsecretary
- 2004-03-09➖DI CIACCA, Cesidio Martin resignedsecretary
- 2004-02-26➕MCCABE, Kevin Charles appointeddirector
- 2004-02-26➖MCCABE, Kevin Charles resigneddirector
- 2004-02-16➕VALAD SECRETARIAL SERVICES LIMITED appointedcorporate-secretary
- 2002-09-05➕DI CIACCA, Cesidio Martin appointedsecretary
- 2001-12-18🔒Charge registered #4Lender: The Governor and Company of the Bank of Scotland
- 2001-06-29➕DI CIACCA, Cesidio Martin appointeddirector
- 2001-06-29🔒Charge registered #3Lender: Tulloch PLC
- 2001-06-29🔒Charge registered #2Lender: The Governor and Company of the Bank of Scotland
- 2001-06-29🔒Charge registered #1Lender: Scarborough Property Company PLC
Showing most recent 50 of 58 events
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 84 — succession pressure is live.
Succession & seller-readiness
66/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 84 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr James Ross Morrison Individual · Scottish · DOB 03/1966 · age 60 | 25–50% | — | 25-50% shares | 23/08/2023 |
Mr David John Cameron Individual · British · DOB 12/1942 · age 84 | 25–50% | — | 25-50% shares | 23/08/2023 |
1 historic (ceased) PSC
- Tulloch Longman Limitedceased 23/08/2023· 75-100% shares · 75-100% voting · board control
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 · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| KJN PROPERTYS LTD→ SC607909 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| KOP ESTATES LIMITED→ SC859785 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| KRATOS INVESTMENTS (UK) LIMITED→ SC539392 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| L.T.D. PROPERTIES LTD→ SC638974 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| LADBROOK PROPERTY INVESTMENTS LIMITED→ SC692464 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| LJR ENTERPRISES LTD→ SC803103 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| LL INVESTMENTS AND DEVELOPMENTS LTD→ SC811086 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| LOCHEND LEASE LIMITED→ SC345045 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| LRMS HOLDINGS LTD→ SC842612 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| LS41 LTD→ SC760525 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| LSM PROPERTY LIMITED→ SC538188 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| LUCKLAW PROPERTIES EAST LIMITED→ SC736983 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Incorporated2000-10-23
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
56 Torridon Road
Broughty Ferry
Dundee
DD5 3JH
United Kingdom
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-25
Last: 2026-03-11
Officers (2 active · 13 resigned)
CAMERON, David John→
Activedirector · ~84y · appointed 2023-08-23
View their other companies + combined net worth →
MORRISON, James Ross→
Activedirector · ~60y · appointed 2023-08-23
View their other companies + combined net worth →
CAMERON, James→
Resignedsecretary · appointed 2012-01-21 · resigned 2012-06-29
DI CIACCA, Cesidio Martin→
Resignedsecretary · appointed 2002-09-05 · resigned 2004-03-09
MACKIE, Kenneth George→
Resignedsecretary · appointed 2001-02-14 · resigned 2005-04-06
SUTHERLAND, David Fraser→
Resignedsecretary · appointed 2005-04-06 · resigned 2012-01-21
LEDINGHAM CHALMERS→
Resignedcorporate-nominee-secretary · appointed 2000-10-23 · resigned 2001-02-14
VALAD SECRETARIAL SERVICES LIMITED→
Resignedcorporate-secretary · appointed 2004-02-16 · resigned 2016-01-21
DI CIACCA, Cesidio Martin→
Resigneddirector · ~72y · appointed 2001-06-29 · resigned 2023-08-23
FRASER, George Gabriel→
Resigneddirector · ~72y · appointed 2011-12-31 · resigned 2023-08-23
MACKIE, Kenneth George→
Resigneddirector · ~81y · appointed 2001-02-14 · resigned 2007-03-22
MARSHALL, Alyson→
Resigneddirector · ~63y · appointed 2007-03-30 · resigned 2011-04-26
MCCABE, Kevin Charles→
Resigneddirector · ~78y · appointed 2004-02-26 · resigned 2004-02-26
SUTHERLAND, David Fraser→
Resigneddirector · ~77y · appointed 2001-02-14 · resigned 2012-01-11
DURANO LIMITED→
Resignedcorporate-nominee-director · appointed 2000-10-23 · resigned 2001-02-21
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
0
Outstanding
0
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 16/01/2012 | 23/01/2019 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Floating charge | 1 property | 10/01/2012 | 06/03/2015 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 18/12/2001 | 29/04/2017 | |
| satisfied | Tulloch Tulloch PLC | Floating charge | 1 property | 29/06/2001 | 05/03/2019 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 29/06/2001 | 14/03/2015 | |
| satisfied | Scarborough Property Company Scarborough Property Company PLC | Floating charge | 1 property | 29/06/2001 | 05/03/2019 |
Recent filings (131 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-08-24
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-08-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-08-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-08-24
termination-director-company-with-name-termination-date
officers · TM01
2023-08-24
termination-director-company-with-name-termination-date
officers · TM01
2023-08-24
appoint-person-director-company-with-name-date
officers · AP01
2023-08-24