FEAL BUSINESS DEVELOPMENT LIMITED
🌳Matureactive
SC229463 · ltd · incorporated 2002-03-21
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 7.2y 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 material changes in the last 90 days.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£86.7k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueProperty-backed borrower with a 71-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 71). 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 7.2y
70/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 7.2 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
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, 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
11 officers (3 active, 11 linked, 4 with DOB)
77
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
83 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 declaredPositive net assets
Net assets £86,724
Net assets shrinking
Down £2,155 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£87k
↓ 2.4% YoY
Current Assets
£19k
~ YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £309.3k | £88.9k |
| Current assets | £18.8k | £18.9k |
| Net assets | £86.7k | £88.9k |
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
3
filings
- • 1 confirmation-statement
- • 1 officers
- • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
- 2026-04-02📄change-person-director-company-with-change-dateofficers · CH01
- 2026-04-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-12-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-12-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-12-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-12-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-12-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-12-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-01-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-01-07🔒Charge registered #3Lender: The Mortgage Works (UK) PLC
- 2020-11-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-07-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-07-07🔒Charge registered #2Lender: Mortgage Works (UK) PLC
- 2020-04-06📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-04-06📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-04-06📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2019-12-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-05-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-05-20🔒Charge registered #1Lender: The Mortgage Works (UK) PLC
- 2019-04-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-04-16➕MARTIN, Anna Letitia appointeddirector
- 2011-08-01➕MARTIN, Anna appointedsecretary
- 2011-07-31➖MARTIN, Grant Douglas resignedsecretary
- 2011-03-09➕MARTIN, Grant Douglas appointedsecretary
- 2011-03-08➖MARTIN, Ross James resignedsecretary
- 2008-09-19➕MARTIN, Ross James appointedsecretary
- 2008-09-19➖MARTIN, Stewart Thomas resignedsecretary
- 2008-09-19➖MARTIN, Ross James resigneddirector
- 2008-09-19➖MARTIN, Stewart Thomas resigneddirector
- 2007-01-15➕MARTIN, Ross James appointeddirector
- 2006-03-20➖MARTIN, Anna resignedsecretary
- 2006-03-20➕MARTIN, Stewart Thomas appointedsecretary
- 2006-03-20➕MARTIN, Stewart Thomas appointeddirector
- 2002-04-01➕MARTIN, Francis Edward appointeddirector
- 2002-04-01➕MARTIN, Anna appointedsecretary
- 2002-03-21🏢Company incorporatedAs FEAL BUSINESS DEVELOPMENT LIMITED
- 2002-03-21➕1ST CERT FORMATIONS LTD appointedcorporate-nominee-secretary
- 2002-03-21➖1ST CERT FORMATIONS LTD resignedcorporate-nominee-secretary
- 2002-03-21➕REPORTACTION LIMITED appointedcorporate-nominee-director
- 2002-03-21➖REPORTACTION LIMITED resignedcorporate-nominee-director
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 71 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
96/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
- 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
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 |
|---|---|---|---|---|
Mrs Anna Letitia Martin Individual · British · DOB 03/1958 · age 68 | 25–50% | — | 25-50% shares | 06/04/2020 |
Mr Francis Edward Martin Individual · British · DOB 12/1955 · age 71 | 25–50% | — | 25-50% shares | 06/04/2020 |
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 · PH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| RIVERSDALE MARKETING (SCOTLAND) LIMITED→ SC197233 · est 1999 | £6.31M £5.37M–£7.26M | — | £6.31M | — | 27y | 83 | 61y |
| D.A.KENNEDY (DEVELOPMENTS) LIMITED→ SC132298 · est 1991 | £1.25M £1.07M–£1.44M | — | £1.25M | — | 35y | 82 | 79y |
| DUNKELD MEDICAL SERVICES LIMITED→ SC374226 · est 2010 | £588.3k £500.0k–£676.5k | — | £588.3k | — | 16y | 82 | 62y |
| RS DEVELOPMENTS SCOTLAND LIMITED→ SC267210 · est 2004 | £377.0k £320.4k–£433.5k | — | £377.0k | — | 22y | 82 | 75y |
| PITLOCHRY LIMITED→ SC237019 · est 2002 | £258.4k £219.6k–£297.1k | — | £258.4k | — | 23y | 82 | 74y |
| A. M. MACDONALD (ELECTRICAL ENGINEERS) LIMITED→ SC063317 · est 1977 | £164.5k £139.8k–£189.2k | — | £164.5k | — | 48y | 82 | 84y |
| MCKERCHAR & MACNAUGHTON LIMITED→ SC033621 · est 1959 | £111.7k £95.0k–£128.5k | — | £111.7k | — | 67y | 82 | 92y |
| STANDCO LIMITED→ SC211193 · est 2000 | £69.3k £58.9k–£79.7k | — | £69.3k | — | 25y | 82 | 74y |
| 5-S CONSTRUCTION LIMITED→ SC312100 · est 2006 | £66.8k £56.8k–£76.9k | — | £66.8k | — | 19y | 83 | 62y |
| GERARD CAMERON PROPERTIES LIMITED→ SC192577 · est 1999 | £57.3k £48.7k–£65.9k | — | £57.3k | — | 27y | 82 | 71y |
| GHH PROPERTIES LIMITED→ SC333171 · est 2007 | £50.7k £43.1k–£58.3k | — | £50.7k | — | 18y | 83 | 58y |
| PRINCES STREET CAR PARK LIMITED→ SC183331 · est 1998 | £15.2k £12.9k–£17.5k | — | £15.2k | — | 28y | 82 | 75y |
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
Incorporated2002-03-21
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
Woodriffe
Graybank Road
Perth
PH2 0LW
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-03
Last: 2026-03-20
Officers (3 active · 8 resigned)
Active
MARTIN, Anna Letitia→
Activedirector · ~68y · appointed 2019-04-16
View their other companies + combined net worth →
MARTIN, Francis Edward→
Activedirector · ~71y · appointed 2002-04-01
View their other companies + combined net worth →
MARTIN, Anna→
Resignedsecretary · appointed 2002-04-01 · resigned 2006-03-20
MARTIN, Grant Douglas→
Resignedsecretary · appointed 2011-03-09 · resigned 2011-07-31
MARTIN, Ross James→
Resignedsecretary · appointed 2008-09-19 · resigned 2011-03-08
MARTIN, Stewart Thomas→
Resignedsecretary · appointed 2006-03-20 · resigned 2008-09-19
1ST CERT FORMATIONS LTD→
Resignedcorporate-nominee-secretary · appointed 2002-03-21 · resigned 2002-03-21
MARTIN, Ross James→
Resigneddirector · ~36y · appointed 2007-01-15 · resigned 2008-09-19
MARTIN, Stewart Thomas→
Resigneddirector · ~40y · appointed 2006-03-20 · resigned 2008-09-19
REPORTACTION LIMITED→
Resignedcorporate-nominee-director · appointed 2002-03-21 · resigned 2002-03-21
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 | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 07/01/2021 | — | |
| outstanding | Mortgage Works (UK) Mortgage Works (UK) PLC | A registered charge | 1 property | 07/07/2020 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 20/05/2019 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (83 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-02
change-person-director-company-with-change-date
officers · CH01
2026-04-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-02
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-20
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-28
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-29
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-01-08