ALMADA DEVELOPMENTS LTD.
💤Zombieactive
SC228289 · ltd · incorporated 2002-02-20
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 Mar 2025
Net worth
£594.6k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 60-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 60). 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
3 live charges · 2 lenders · oldest 23.7y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 23.7 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 1 with DOB)
74
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
61 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 · FRS 105 (micro)Positive net assets
Net assets £594,606
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£595k
↑ 10% YoY
Current Assets
£76k
↑ 51% 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 | £601.7k | £591.9k |
| Current assets | £76.0k | £50.5k |
| Net assets | £594.6k | £540.4k |
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
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2025-10-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-10-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-02-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-12-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-02-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-12-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-12-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-12-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-03-17📄capital-allotment-sharescapital · SH01
- 2016-12-22📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-03-10📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-12-29📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-03-31📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-11-19🔒Charge registered #3Lender: Airdrie Savings Bank
- 2004-05-27🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2002-08-12🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2002-02-20🏢Company incorporatedAs ALMADA DEVELOPMENTS LTD.
- 2002-02-20➕ANGUS, Ruth Evelyn appointedsecretary
- 2002-02-20➕ANGUS, John Raymond appointeddirector
- 2002-02-20➕PETER TRAINER COMPANY SECRETARIES LTD. appointedcorporate-nominee-secretary
- 2002-02-20➖PETER TRAINER COMPANY SECRETARIES LTD. resignedcorporate-nominee-secretary
- 2002-02-20➕PETER TRAINER COMPANY SECRETARIES LTD. appointedcorporate-nominee-director
- 2002-02-20➖PETER TRAINER COMPANY SECRETARIES LTD. resignedcorporate-nominee-director
- 2002-02-20➕PETER TRAINER COMPANY SERVICES LTD. appointedcorporate-nominee-director
- 2002-02-20➖PETER TRAINER COMPANY SERVICES LTD. resignedcorporate-nominee-director
Owner dependency
93/100
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- 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
cleanNo 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 |
|---|---|---|---|---|
Mr John Raymond Angus Individual · British · DOB 11/1966 · age 60 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mrs Ruth Evelyn Angus Individual · British · DOB 12/1968 · age 58 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 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 · Property · ML postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AMARCO ESTATES LTD→ SC655549 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| APEXLETS2024 LTD→ SC814815 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AQUILA MANAGEMENT SERVICES PROPERTY FACTORING LIMITED→ SC788833 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ASHRAF ESTATES LTD→ SC854454 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ASTAL PROPERTY LIMITED→ SC444800 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| ATIO REAL ESTATE INVESTMENT LTD→ SC743743 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AUDREY ROSE PROPERTY LIMITED→ SC708837 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AVANT LETTING SERVICES LIMITED→ SC471746 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| AVISCENNA LIMITED→ SC445467 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| AWE (SCOTLAND) LTD→ SC492716 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| AYISH PROPERTIES LTD→ SC753952 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AYZEL ENTERPRISES LTD→ SC820866 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2002-02-20
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
2nd Floor (East) Belgrave Court
Rosehall Road
Bellshill
North Lanarkshire
ML4 3NR
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-05
Last: 2026-02-19
Officers (2 active · 3 resigned)
ANGUS, Ruth Evelyn→
Activesecretary · appointed 2002-02-20
View their other companies + combined net worth →
ANGUS, John Raymond→
Activedirector · ~60y · appointed 2002-02-20
View their other companies + combined net worth →
PETER TRAINER COMPANY SECRETARIES LTD.→
Resignedcorporate-nominee-secretary · appointed 2002-02-20 · resigned 2002-02-20
PETER TRAINER COMPANY SECRETARIES LTD.→
Resignedcorporate-nominee-director · appointed 2002-02-20 · resigned 2002-02-20
PETER TRAINER COMPANY SERVICES LTD.→
Resignedcorporate-nominee-director · appointed 2002-02-20 · resigned 2002-02-20
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Airdrie Savings Bank | Standard security | 1 property | 19/11/2012 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 27/05/2004 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 12/08/2002 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (61 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-29
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-24
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-19
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-02-17
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-22
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2021-03-22
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-24
confirmation-statement-with-updates
confirmation-statement · CS01
2020-02-27
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-27