METRO PROPERTY DEVELOPMENTS LTD.

💤Zombieactive
SC222604 · ltd · incorporated 2001-08-29
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2025
Net worth
—
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
Strong opportunity: property-backed borrower with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 24.0y

30/100
under pressure

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

  • · Oldest live charge is 24.0 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
10 officers (2 active, 10 linked, 7 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
75 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
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Aug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-08-312024-08-31

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2026-02-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-03-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-04-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2023-05-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-03-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2021-04-07
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2021-04-06
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2021-04-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2021-04-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2020-09-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2019-07-07
    ➕
    EVENDEN, Katrina appointed
    director
  12. 2019-07-07
    ➖
    DAWSON, Katrina resigned
    director
  13. 2019-07-07
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  14. 2019-07-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2019-07-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2019-07-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2019-07-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2019-07-03
    ➕
    DAWSON, Katrina appointed
    director
  19. 2019-07-03
    ➖
    DENHOLM-HAY, Duncan Ian resigned
    director
  20. 2019-03-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  21. 2016-08-21
    ➕
    DENHOLM-HAY, Duncan Ian appointed
    director
  22. 2016-08-21
    ➖
    EVENDEN, Christopher resigned
    director
  23. 2009-10-01
    ➕
    EVENDEN, Christopher appointed
    director
  24. 2009-10-01
    ➕
    EVENDON, Chris appointed
    director
  25. 2009-10-01
    ➖
    EVENDON, Chris resigned
    director
  26. 2009-08-31
    ➖
    DENHOLM-HAY, Duncan Ian resigned
    director
  27. 2004-06-22
    ➖
    DENHOLM-HAY, Carol resigned
    director
  28. 2004-06-22
    ➕
    DENHOLM-HAY, Duncan Ian appointed
    director
  29. 2003-07-15
    🔒
    Charge registered #2
    Lender: Trustees of the Late Iain Mcdougall Macphail
  30. 2002-04-18
    🔒
    Charge registered #1
    Lender: Trustees of Estate of Mcdougall Mcphail
  31. 2001-12-10
    ➕
    EVENDEN, Katrina appointed
    secretary
  32. 2001-12-10
    ➕
    DENHOLM-HAY, Carol appointed
    director
  33. 2001-09-03
    ➖
    FORM 10 SECRETARIES FD LTD resigned
    corporate-nominee-secretary
  34. 2001-09-03
    ➖
    FORM 10 DIRECTORS FD LTD resigned
    corporate-nominee-director
  35. 2001-08-29
    🏢
    Company incorporated
    As METRO PROPERTY DEVELOPMENTS LTD.
  36. 2001-08-29
    ➕
    FORM 10 SECRETARIES FD LTD appointed
    corporate-nominee-secretary
  37. 2001-08-29
    ➕
    FORM 10 DIRECTORS FD LTD appointed
    corporate-nominee-director

Owner dependency

83/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 25 years old and no new directors in the last 3 years — succession not yet being planned internally.

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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr. Iain Macphail
Individual · British · DOB 09/1962 · age 64
75–100%
—75-100% shares05/08/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2001-08-29
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

6 Lade Green
Dalgety Bay
Dunfermline
KY11 9SR
Scotland

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-08-02
Last: 2025-07-19

Officers (2 active · 8 resigned)

EVENDEN, Katrina→
secretary · appointed 2001-12-10
View their other companies + combined net worth →
Active
EVENDEN, Katrina→
director · ~61y · appointed 2019-07-07
View their other companies + combined net worth →
Active
FORM 10 SECRETARIES FD LTD→
corporate-nominee-secretary · appointed 2001-08-29 · resigned 2001-09-03
Resigned
DAWSON, Katrina→
director · ~62y · appointed 2019-07-03 · resigned 2019-07-07
Resigned
DENHOLM-HAY, Carol→
director · ~70y · appointed 2001-12-10 · resigned 2004-06-22
Resigned
DENHOLM-HAY, Duncan Ian→
director · ~72y · appointed 2016-08-21 · resigned 2019-07-03
Resigned
DENHOLM-HAY, Duncan Ian→
director · ~72y · appointed 2004-06-22 · resigned 2009-08-31
Resigned
EVENDEN, Christopher→
director · ~47y · appointed 2009-10-01 · resigned 2016-08-21
Resigned
EVENDON, Chris→
director · ~47y · appointed 2009-10-01 · resigned 2009-10-01
Resigned
FORM 10 DIRECTORS FD LTD→
corporate-nominee-director · appointed 2001-08-29 · resigned 2001-09-03
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Trustees of the Late Iain Mcdougall Macphail
Standard security1 property15/07/2003—
outstanding
Trustees of Estate of Mcdougall Mcphail
Standard security1 property18/04/2002—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (75 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-02-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-01
accounts-with-accounts-type-dormant
accounts · AA
2025-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-05
accounts-with-accounts-type-dormant
accounts · AA
2024-04-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-03
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-19
accounts-with-accounts-type-dormant
accounts · AA
2022-03-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-27
gazette-filings-brought-up-to-date
gazette · DISS40
2021-04-07
gazette-notice-compulsory
gazette · GAZ1
2021-04-06
accounts-with-accounts-type-dormant
accounts · AA
2021-04-01
accounts-with-accounts-type-dormant
accounts · AA
2021-04-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-09-26