WHITEHILLS DEVELOPMENT CO. LTD.

🌳Matureactive

SC216307 · ltd · incorporated 2001-03-01

Investment thesis

Property vehicle with a workable charge structure — clean refinance potential.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Dependent on title and valuation due diligence; standard property risks.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 24.9y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£49.1k

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Development of building projects

Sector: Construction

Investor take

Pursue

Asset-holding vehicle with a 75-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 85/100. Strong seller-intent signal (73/100, director aged 75). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 24.9y

70/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 24.9 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

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

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

6 officers (4 active, 6 linked, 3 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

6 connected companies via shared directors

Filing history

64 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.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Positive net assets

Net assets £49,070

Net assets shrinking

Down £941 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£49k

↓ 1.9% YoY

Current Assets

£51k

↓ 1.6% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-03-31	2024-03-31
Total assets	£49.1k	£50.0k
Current assets	£50.8k	£51.7k
Net assets	£49.1k	£50.0k

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

filings

Last 90 days

filings

• 1 gazette
• 1 dissolution
• 1 mortgage

Last 180 days

filings

• 1 gazette
• 1 dissolution
• 1 mortgage

Counts from Companies House filing history.

Corporate timeline (28 events)Click to expand

2026-04-07
📄
gazette-notice-voluntary
gazette · GAZ1(A)
2026-03-30
📄
dissolution-application-strike-off-company
dissolution · DS01
2026-03-16
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-16
🔓
Charge satisfied #1
2025-12-04
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-12
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-23
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-12-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-12-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-12-20
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-03-23
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-12-24
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2004-05-15
🔓
Charge satisfied #2
2001-07-06
🔒
Charge registered #2
Lender: The Right Honourable Ian Derek Francis Ogilvie-Grant
2001-07-05
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
2001-03-01
🏢
Company incorporated
As WHITEHILLS DEVELOPMENT CO. LTD.
2001-03-01
➕
RAMSAY, Sarah Elizabeth appointed
secretary
2001-03-01
➕
RAMSAY, Sarah Elizabeth appointed
director
2001-03-01
➕
RENNIE, Alastair James appointed
director
2001-03-01
➕
WILSON, George Davidson appointed
director
2001-03-01
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2001-03-01
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2001-03-01
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2001-03-01
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director

Owner dependency

75/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 75 — succession pressure is live.

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 75 years old. Natural succession window is now.
primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 25 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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mrs Sarah Elizabeth Ramsay Individual · Scottish · DOB 02/1958 · age 68	25–50%	—	25-50% shares · firm interest	06/04/2016
Mr Alastair James Rennie Individual · Scottish · DOB 05/1958 · age 68	25–50%	—	25-50% shares · firm interest	06/04/2016

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 · Construction · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
SEIVWRIGHT BROTHERS LIMITED→ SC234623 · est 2002	£8.04M £5.74M–£10.33M	—	—	73	23y	87	76y
HUTCHEON SERVICES LIMITED→ SC071884 · est 1980	£3.47M £2.48M–£4.46M	—	—	17200	45y	84	61y
M.T.M.CONSTRUCTION LIMITED→ SC056163 · est 1974	£2.93M £2.10M–£3.77M	—	—	5200	51y	87	76y
THISTLE WINDOWS & CONSERVATORIES LIMITED→ SC159622 · est 1995	£1.28M £917.3k–£1.65M	—	—	119	30y	84	65y
SKENE ENTERPRISES (ABERDEEN) LIMITED→ SC072886 · est 1980	£910.0k £650.0k–£1.17M	—	—	105	45y	83	87y
AJC CONSTRUCTION SCOTLAND LIMITED→ SC216542 · est 2001	—	—	—	2700	25y	83	60y
AM CAMPBELL (UK) LTD.→ SC212573 · est 2000	—	—	£72.9k	—	25y	83	63y
LADYSBRIDGE VILLAGE LIMITED→ SC262049 · est 2004	—	—	—	0	22y	83	75y
SPARK'S MECHANICAL SERVICES LIMITED→ SC102458 · est 1986	—	—	£3.06M	—	39y	83	59y
T & M SLATING LTD.→ SC251627 · est 2003	—	—	—	9	22y	83	59y
A & B BUCHAN LIMITED→ SC375607 · est 2010	—	—	£945.4k	—	16y	82	62y
ABERDEEN & NORTH EAST HEATING LIMITED→ SC202054 · est 1999	—	—	£43.0k	—	26y	82	65y

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

Incorporated2001-03-01

Jurisdictionscotland

Primary SIC41100 — Development of building projects

Registered office

Inverboyndie Industrial Estate

Banff

Banffshire

AB45 2JJ

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-03-15

Last: 2026-03-01

Officers (4 active · 2 resigned)

RAMSAY, Sarah Elizabeth→

secretary · appointed 2001-03-01

View their other companies + combined net worth →

Active

RAMSAY, Sarah Elizabeth→

director · ~68y · appointed 2001-03-01

View their other companies + combined net worth →

Active

RENNIE, Alastair James→

director · ~68y · appointed 2001-03-01

View their other companies + combined net worth →

Active

WILSON, George Davidson→

director · ~75y · appointed 2001-03-01

View their other companies + combined net worth →

Active

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2001-03-01 · resigned 2001-03-01

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2001-03-01 · resigned 2001-03-01

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	satisfied	The Right Honourable Ian Derek Francis Ogilvie-Grant	Standard security	1 property	06/07/2001	15/05/2004
	satisfied	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	05/07/2001	16/03/2026

Recent filings (64 total)

gazette-notice-voluntary

gazette · GAZ1(A)

2026-04-07

dissolution-application-strike-off-company

dissolution · DS01

2026-03-30

mortgage-satisfy-charge-full

mortgage · MR04

2026-03-16

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-03-10