GLENTORE DEVELOPMENTS LIMITED

🌳Matureactive
SC233470 · ltd · incorporated 2002-06-28
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£191.2k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Asset-holding vehicle with a 65-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 65). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

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
Confirmed no charges registered
85
Directors & officers
6 officers (2 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
61 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £191,165

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£191k
↑ 39% YoY
Current Assets
£89k
↑ 815% YoY
Current Liabilities
—
£0£38k£76k£115k£153k£191kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-02-282024-02-29
Total assets£191.2k£137.5k
Current assets£89.2k£9.8k
Net assets£191.2k£137.5k

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-11-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-11-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-11-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-10-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-10-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-08-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2021-08-10
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  8. 2021-04-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-03-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-07-01
    ➕
    GILLIES, Pauline Jane appointed
    director
  11. 2019-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-07-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2017-07-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2017-03-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-07-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2016-03-14
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  18. 2016-03-11
    ➖
    VASS, David Hugh resigned
    secretary
  19. 2016-03-11
    ➖
    VASS, David Hugh resigned
    director
  20. 2002-06-28
    🏢
    Company incorporated
    As GLENTORE DEVELOPMENTS LIMITED
  21. 2002-06-28
    ➕
    GILLIES, Alexander John appointed
    director
  22. 2002-06-28
    ➕
    VASS, David Hugh appointed
    secretary
  23. 2002-06-28
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  24. 2002-06-28
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  25. 2002-06-28
    ➕
    VASS, David Hugh appointed
    director
  26. 2002-06-28
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  27. 2002-06-28
    ➖
    STEPHEN MABBOTT LTD. 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 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 candidate

Strong 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

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
Pauline Jane Gillies
Individual · British · DOB 05/1967 · age 59
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Alexander John Gillies
Individual · British · DOB 06/1961 · age 65
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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 · Construction · IV postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
G & A BARNIE GROUP LIMITED→
SC265415 · est 2004
£5.89M
£4.21M–£7.58M
——42622y8468y
G.F. JOB LIMITED→
SC135278 · est 1991
£5.10M
£3.64M–£6.56M
——6534y8875y
HIGHLAND METALS LIMITED→
SC061436 · est 1976
£3.87M
£2.77M–£4.98M
——3549y8871y
CRANLOCH LIMITED→
SC237023 · est 2002
——£10.4k—23y8368y
DARROCH & ALLAN (JOINERS & BUILDERS) LIMITED→
SC227618 · est 2002
——£2.04M—24y8365y
SHAKK ENGINEERING LTD→
SC681119 · est 2020 · no financials extracted
————5y——
SMARTECH ELECTRICAL LTD→
SC672333 · est 2020 · no financials extracted
————5y——
SPENCE & GRANT LIMITED→
SC083508 · est 1983 · no financials extracted
————42y——
ST BUILDING SERVICES (FORRES) LIMITED→
SC358458 · est 2009 · no financials extracted
————16y——
T.GRAY GROUNDWORKS LTD→
SC655521 · est 2020 · no financials extracted
————6y——
TARRADALE STONE LIMITED→
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————18y——
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————18y——
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
Incorporated2002-06-28
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

10 Knockbreck Street
Tain
Ross Shire
IV19 1BJ

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-06-21
Last: 2025-06-07

Officers (2 active · 4 resigned)

GILLIES, Alexander John→
director · ~65y · appointed 2002-06-28
View their other companies + combined net worth →
Active
GILLIES, Pauline Jane→
director · ~59y · appointed 2019-07-01
View their other companies + combined net worth →
Active
VASS, David Hugh→
secretary · appointed 2002-06-28 · resigned 2016-03-11
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2002-06-28 · resigned 2002-06-28
Resigned
VASS, David Hugh→
director · ~82y · appointed 2002-06-28 · resigned 2016-03-11
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2002-06-28 · resigned 2002-06-28
Resigned

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

Recent filings (61 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-09
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-10
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-07
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-22
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-28
appoint-person-director-company-with-name-date
officers · AP01
2021-08-10
change-account-reference-date-company-previous-shortened
accounts · AA01
2021-08-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-28
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-29
accounts-with-accounts-type-micro-entity
accounts · AA
2020-03-29