DAVID ANGUS LIMITED

🌳Matureactive
SC218140 · ltd · incorporated 2001-04-18
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 Oct 2024
Net worth
£733.2k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
Pursue
Active trading company with a 61-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (80/100, director aged 61). 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

5 live charges · 3 lenders · oldest 21.3y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 21.3 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (78/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 3 with DOB)
79
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
102 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £733,206

Key financials

2 years extracted from filed iXBRL accounts
Cash
£546k
Net Worth
£733k
Current Assets
£643k
Current Liabilities
—
£0£147k£293k£440k£587k£733kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-312023-10-31
Total assets£740.8k—
Current assets£643.3k—
Cash£546.4k—
Debtors£25.2k—
Net assets£733.2k—

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
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2025-06-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-03-21
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-07-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-06-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2023-06-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2023-06-30
    🔓
    Charge satisfied #4
  7. 2023-06-30
    🔓
    Charge satisfied #5
  8. 2022-08-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2022-07-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2022-07-27
    🔒
    Charge registered #4
    Lender: Together Commercial Finance Limited
  11. 2022-07-22
    🔒
    Charge registered #5
    Lender: Together Commercial Finance Limited
  12. 2022-04-05
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2021-06-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2021-06-09
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  15. 2021-06-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2021-06-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2021-06-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2021-06-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2021-06-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2020-07-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2020-06-09
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  22. 2019-05-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  23. 2018-03-07
    ➕
    ANGUS, Carolyn Maria appointed
    secretary
  24. 2018-03-07
    ➕
    ANGUS, Carolyn Maria appointed
    director
  25. 2017-07-07
    🔒
    Charge registered #3
    Lender: Shawbrook Bank Limited
  26. 2017-06-28
    🔓
    Charge satisfied #2
  27. 2017-06-23
    🔓
    Charge satisfied #1
  28. 2016-08-19
    ➖
    ANGUS, Angela Catherine resigned
    secretary
  29. 2016-08-19
    ➖
    ANGUS, Angela Catherine resigned
    director
  30. 2005-04-20
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  31. 2005-03-10
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  32. 2003-03-17
    ➕
    ANGUS, Angela Catherine appointed
    director
  33. 2001-04-18
    🏢
    Company incorporated
    As DAVID ANGUS LIMITED
  34. 2001-04-18
    ➕
    ANGUS, David appointed
    director
  35. 2001-04-18
    ➕
    ANGUS, Angela Catherine appointed
    secretary
  36. 2001-04-18
    ➕
    FIRST SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  37. 2001-04-18
    ➖
    FIRST SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  38. 2001-04-18
    ➕
    FIRST DIRECTORS LIMITED appointed
    corporate-nominee-director
  39. 2001-04-18
    ➖
    FIRST DIRECTORS LIMITED resigned
    corporate-nominee-director

Owner dependency

99/100
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 name in company name: Company name contains director surname "ANGUS" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

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.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr David Angus
Individual · British · DOB 01/1965 · age 61
50–75%
50–75%board control50-75% shares · 50-75% voting · board control06/04/2016
Mrs Carolyn Maria Angus
Individual · British · DOB 12/1966 · age 60
25–50%
—25-50% shares18/04/2018
1 historic (ceased) PSC
  • Mrs Angela Angusceased 18/04/2018· 50-75% shares · 50-75% voting

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2001-04-18
Jurisdictionscotland
Primary SIC41202 — Construction of domestic buildings

Registered office

The Falls Marchmont Avenue
Polmont
Falkirk
FK2 0PP
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2027-04-23
Last: 2026-04-09

Officers (3 active · 4 resigned)

ANGUS, Carolyn Maria→
secretary · appointed 2018-03-07
View their other companies + combined net worth →
Active
ANGUS, Carolyn Maria→
director · ~60y · appointed 2018-03-07
View their other companies + combined net worth →
Active
ANGUS, David→
director · ~61y · appointed 2001-04-18
View their other companies + combined net worth →
Active
ANGUS, Angela Catherine→
secretary · appointed 2001-04-18 · resigned 2016-08-19
Resigned
FIRST SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2001-04-18 · resigned 2001-04-18
Resigned
ANGUS, Angela Catherine→
director · ~62y · appointed 2003-03-17 · resigned 2016-08-19
Resigned
FIRST DIRECTORS LIMITED→
corporate-nominee-director · appointed 2001-04-18 · resigned 2001-04-18
Resigned

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

Mortgages & charges

5
Total charges
1
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
satisfied
Together Money
Together Commercial Finance Limited
A registered charge1 property27/07/202230/06/2023
satisfied
Together Money
Together Commercial Finance Limited
A registered charge—22/07/202230/06/2023
outstanding
Shawbrook
Shawbrook Bank Limited
A registered charge1 property07/07/2017—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property20/04/200528/06/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property10/03/200523/06/2017
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (102 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-03-21
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-07-25
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-30
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-08-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-04-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-06-23
change-sail-address-company-with-old-address-new-address
address · AD02
2021-06-09