LUGE LIMITED

🌳Matureactive
SC224521 · ltd · incorporated 2001-10-24
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 24.1y old — refinance window within 12 months
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 Mar 2026
Net worth
£82.8k
book net assets
Opportunity
82/100
Exceptional
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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 63-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 24.1y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 24.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
80 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
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 £82,799
Cash YoY
-1%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£13k
↓ 1.5% YoY
Net Worth
£83k
~ YoY
Current Assets
£14k
↓ 3.4% YoY
Current Liabilities
—
£0£17k£33k£50k£66k£83kMar 2025Mar 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2026-03-312025-03-31
Total assets£85.1k£85.1k
Current assets£13.7k£14.2k
Cash£13.3k£13.5k
Debtors£448£727
Net assets£82.8k£82.8k

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
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-04-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-10-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-04-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-04-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-04-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-07-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-04-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-06-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-06-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2020-06-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2020-06-12
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  12. 2019-04-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2019-04-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2018-04-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2017-07-14
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2008-11-14
    🔒
    Charge registered #2
    Lender: Abbey National PLC
  17. 2008-11-06
    🔒
    Charge registered #3
    Lender: Abbey National PLC
  18. 2005-07-01
    ➕
    CALLANDER, Lorraine Marie appointed
    director
  19. 2005-07-01
    ➖
    MURDOCH, Charles Anthony resigned
    director
  20. 2002-05-01
    🔒
    Charge registered #1
    Lender: Aib Group (UK) PLC
  21. 2001-10-24
    🏢
    Company incorporated
    As LUGE LIMITED
  22. 2001-10-24
    ➕
    CALLANDER, David Robert appointed
    secretary
  23. 2001-10-24
    ➕
    CALLANDER, David Robert appointed
    director
  24. 2001-10-24
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  25. 2001-10-24
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  26. 2001-10-24
    ➕
    MURDOCH, Charles Anthony appointed
    director
  27. 2001-10-24
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director
  28. 2001-10-24
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director

Owner dependency

84/100
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.
  • +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • 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

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
NameSharesVoting rightsNature of controlNotified
Mr David Robert Callander
Individual · British · DOB 10/1964 · age 62
25–50%
—25-50% shares06/04/2016
Mrs Lorraine Marie Callander
Individual · British · DOB 09/1963 · age 63
25–50%
—25-50% shares06/04/2016

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 →

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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
Incorporated2001-10-24
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

53 High Street
Dumbarton
G82 1LS
Scotland

Filing status

Accounts
Next due: 2027-12-31
Last made up to: 2026-03-31
Confirmation statement
Next due: 2026-11-07
Last: 2025-10-24

Officers (3 active · 3 resigned)

CALLANDER, David Robert→
secretary · appointed 2001-10-24
View their other companies + combined net worth →
Active
CALLANDER, David Robert→
director · ~62y · appointed 2001-10-24
View their other companies + combined net worth →
Active
CALLANDER, Lorraine Marie→
director · ~63y · appointed 2005-07-01
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2001-10-24 · resigned 2001-10-24
Resigned
MURDOCH, Charles Anthony→
director · ~76y · appointed 2001-10-24 · resigned 2005-07-01
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 2001-10-24 · resigned 2001-10-24
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Santander
Abbey National PLC
Standard security1 property14/11/2008—
outstanding
Santander
Abbey National PLC
Bond & floating charge1 property06/11/2008—
outstanding
Aib Group (UK)
Aib Group (UK) PLC
Standard security1 property01/05/2002—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (80 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-10-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-15
change-person-director-company-with-change-date
officers · CH01
2020-06-12