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 7.1y 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 2025
Net worth
£86.7k
book net assets
Opportunity
82/100
Exceptional
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
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
Pursue
Property-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 7.1y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 7.1 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 declared
Positive net assets
Net assets £86,724
Net assets shrinking
Down £2,155 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£87k
↓ 2.4% YoY
Current Assets
£19k
~ YoY
Current Liabilities
—
£0£18k£36k£53k£71k£89kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
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
3
filings
  • • 1 confirmation-statement
  • • 1 officers
  • • 1 persons-with-significant-control
Last 180 days
4
filings
  • • 1 confirmation-statement
  • • 1 officers
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
  1. 2026-04-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-04-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-12-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-12-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2021-01-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2021-01-07
    🔒
    Charge registered #3
    Lender: The Mortgage Works (UK) PLC
  11. 2020-11-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-07-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2020-07-07
    🔒
    Charge registered #2
    Lender: Mortgage Works (UK) PLC
  14. 2020-04-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2020-04-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2020-04-06
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  17. 2019-12-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2019-05-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2019-05-20
    🔒
    Charge registered #1
    Lender: The Mortgage Works (UK) PLC
  20. 2019-04-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2019-04-16
    ➕
    MARTIN, Anna Letitia appointed
    director
  22. 2011-08-01
    ➕
    MARTIN, Anna appointed
    secretary
  23. 2011-07-31
    ➖
    MARTIN, Grant Douglas resigned
    secretary
  24. 2011-03-09
    ➕
    MARTIN, Grant Douglas appointed
    secretary
  25. 2011-03-08
    ➖
    MARTIN, Ross James resigned
    secretary
  26. 2008-09-19
    ➕
    MARTIN, Ross James appointed
    secretary
  27. 2008-09-19
    ➖
    MARTIN, Stewart Thomas resigned
    secretary
  28. 2008-09-19
    ➖
    MARTIN, Ross James resigned
    director
  29. 2008-09-19
    ➖
    MARTIN, Stewart Thomas resigned
    director
  30. 2007-01-15
    ➕
    MARTIN, Ross James appointed
    director
  31. 2006-03-20
    ➖
    MARTIN, Anna resigned
    secretary
  32. 2006-03-20
    ➕
    MARTIN, Stewart Thomas appointed
    secretary
  33. 2006-03-20
    ➕
    MARTIN, Stewart Thomas appointed
    director
  34. 2002-04-01
    ➕
    MARTIN, Francis Edward appointed
    director
  35. 2002-04-01
    ➕
    MARTIN, Anna appointed
    secretary
  36. 2002-03-21
    🏢
    Company incorporated
    As FEAL BUSINESS DEVELOPMENT LIMITED
  37. 2002-03-21
    ➕
    1ST CERT FORMATIONS LTD appointed
    corporate-nominee-secretary
  38. 2002-03-21
    ➖
    1ST CERT FORMATIONS LTD resigned
    corporate-nominee-secretary
  39. 2002-03-21
    ➕
    REPORTACTION LIMITED appointed
    corporate-nominee-director
  40. 2002-03-21
    ➖
    REPORTACTION LIMITED resigned
    corporate-nominee-director

Owner dependency

91/100
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 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 candidate

Strong 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

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
Mrs Anna Letitia Martin
Individual · British · DOB 03/1958 · age 68
25–50%
—25-50% shares06/04/2020
Mr Francis Edward Martin
Individual · British · DOB 12/1955 · age 71
25–50%
—25-50% shares06/04/2020

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
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
RIVERSDALE MARKETING (SCOTLAND) LIMITED→
SC197233 · est 1999
£6.31M
£5.37M–£7.26M
—£6.31M—26y8361y
D.A.KENNEDY (DEVELOPMENTS) LIMITED→
SC132298 · est 1991
£1.25M
£1.07M–£1.44M
—£1.25M—35y8279y
DUNKELD MEDICAL SERVICES LIMITED→
SC374226 · est 2010
£588.3k
£500.0k–£676.5k
—£588.3k—16y8262y
EVERT PROPERTY LIMITED→
SC187426 · est 1998
£172.2k
£146.4k–£198.1k
—£172.2k—27y8285y
A. M. MACDONALD (ELECTRICAL ENGINEERS) LIMITED→
SC063317 · est 1977
£164.5k
£139.8k–£189.2k
—£164.5k—48y8284y
MCKERCHAR & MACNAUGHTON LIMITED→
SC033621 · est 1959
£111.7k
£95.0k–£128.5k
—£111.7k—67y8292y
5-S CONSTRUCTION LIMITED→
SC312100 · est 2006
£66.8k
£56.8k–£76.9k
—£66.8k—19y8362y
GERARD CAMERON PROPERTIES LIMITED→
SC192577 · est 1999
£57.3k
£48.7k–£65.9k
—£57.3k—27y8271y
GHH PROPERTIES LIMITED→
SC333171 · est 2007
£50.7k
£43.1k–£58.3k
—£50.7k—18y8358y
MACMILLAN PROPERTIES LTD→
SC273715 · est 2004
£4.8k
£4.1k–£5.5k
—£4.8k—21y8274y
MORRIS LESLIE LIMITED→
SC092397 · est 1985
———4141y8871y
ALBERT PLACE PROPERTIES LIMITED→
SC299672 · est 2006
————20y8374y
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)

MARTIN, Anna→
secretary · appointed 2011-08-01
View their other companies + combined net worth →
Active
MARTIN, Anna Letitia→
director · ~68y · appointed 2019-04-16
View their other companies + combined net worth →
Active
MARTIN, Francis Edward→
director · ~71y · appointed 2002-04-01
View their other companies + combined net worth →
Active
MARTIN, Anna→
secretary · appointed 2002-04-01 · resigned 2006-03-20
Resigned
MARTIN, Grant Douglas→
secretary · appointed 2011-03-09 · resigned 2011-07-31
Resigned
MARTIN, Ross James→
secretary · appointed 2008-09-19 · resigned 2011-03-08
Resigned
MARTIN, Stewart Thomas→
secretary · appointed 2006-03-20 · resigned 2008-09-19
Resigned
1ST CERT FORMATIONS LTD→
corporate-nominee-secretary · appointed 2002-03-21 · resigned 2002-03-21
Resigned
MARTIN, Ross James→
director · ~36y · appointed 2007-01-15 · resigned 2008-09-19
Resigned
MARTIN, Stewart Thomas→
director · ~40y · appointed 2006-03-20 · resigned 2008-09-19
Resigned
REPORTACTION LIMITED→
corporate-nominee-director · appointed 2002-03-21 · resigned 2002-03-21
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
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property07/01/2021—
outstanding
Mortgage Works (UK)
Mortgage Works (UK) PLC
A registered charge1 property07/07/2020—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property20/05/2019—
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