LEGACY LAND LIMITED
🌳Matureactive
SC225975 · ltd · incorporated 2001-12-04
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 18.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueActive trading company with a 65-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (93/100, director aged 65). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
3 live charges · 2 lenders · oldest 18.5y
70/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 18.5 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 2 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
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
76 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.
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 · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 2 | 200 |
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
0
filings
Last 180 days
3
filings
- • 2 persons-with-significant-control
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
- 2025-11-21📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-11-21📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-09-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-05-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-09-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-09-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-10-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-10-22🔓Charge satisfied #3
- 2021-09-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-09-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-09-04🔓Charge satisfied #1
- 2021-02-18📄change-person-director-company-with-change-dateofficers · CH01
- 2021-02-18📄change-person-director-company-with-change-dateofficers · CH01
- 2021-02-18📄change-person-secretary-company-with-change-dateofficers · CH03
- 2020-11-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-11-10🔓Charge satisfied #2
- 2020-09-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-09-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-08-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2009-01-14🔒Charge registered #3Lender: Royal Bank of Scotland PLC
- 2007-11-13🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2007-11-12🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2002-01-25➕MCCULLY, Catherine appointedsecretary
- 2002-01-25➕MCCULLY, Catherine appointeddirector
- 2002-01-25➕MCCULLY, Ian Stanley appointeddirector
- 2002-01-25➖INNES JOHNSTON & COMPANY resignedcorporate-secretary
- 2002-01-25➖BAILLIE, Andrew resigneddirector
- 2001-12-04🏢Company incorporatedAs LEGACY LAND LIMITED
- 2001-12-04➕INNES JOHNSTON & COMPANY appointedcorporate-secretary
- 2001-12-04➕BAILLIE, Andrew appointeddirector
Owner dependency
91/100
Critical — business is the founderThe 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 24 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 65 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
86/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 65. 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 24 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 24 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
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 Ian Stanley Mccully Individual · British · DOB 11/1961 · age 65 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 04/12/2016 |
Mrs Catherine Mccully Individual · British · DOB 04/1964 · age 62 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 04/12/2016 |
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 · PH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| M G CARPETS LTD→ SC509805 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| M&M BUILDING CONTRACTORS LTD→ SC367797 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| MALLIS JOINERS AND CONTRACTORS LTD→ SC882443 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| MARK MACDONALD JOINER & CONTRACTOR LIMITED→ SC446775 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| MARSHALL & CO (SCOT) LTD→ SC875780 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| MARTIN CAIRNS FLOORING LTD→ SC724874 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| MBB DEVELOPMENTS LTD.→ SC441452 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| MCADAM JOINERY LTD→ SC512882 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| MCDERMOTT GROUP LIMITED→ SC198979 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| MCGOWAN GROUP LTD→ SC413501 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| MCGOWAN INFRASTRUCTURE LTD→ SC655278 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| MCINTOSH & ROBERTSON LIMITED→ SC518432 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
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
Incorporated2001-12-04
Jurisdictionscotland
Primary SIC41100 — Development of building projects
Registered office
15 Kinnoull Hill Place
Perth
PH2 7DD
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-13
Last: 2026-01-30
Officers (3 active · 2 resigned)
MCCULLY, Catherine→
Activesecretary · appointed 2002-01-25
View their other companies + combined net worth →
MCCULLY, Catherine→
Activedirector · ~62y · appointed 2002-01-25
View their other companies + combined net worth →
MCCULLY, Ian Stanley→
Activedirector · ~65y · appointed 2002-01-25
View their other companies + combined net worth →
INNES JOHNSTON & COMPANY→
Resignedcorporate-secretary · appointed 2001-12-04 · resigned 2002-01-25
BAILLIE, Andrew→
Resigneddirector · ~67y · appointed 2001-12-04 · resigned 2002-01-25
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 14/01/2009 | 22/10/2021 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 13/11/2007 | 04/09/2021 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 12/11/2007 | 10/11/2020 |
Recent filings (76 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-21
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-12
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-22
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-13
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-13
mortgage-satisfy-charge-full
mortgage · MR04
2021-10-22
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-17
mortgage-satisfy-charge-full
mortgage · MR04
2021-09-04