BRIDGEND DEVELOPMENTS LIMITED

🌳Matureactive

SC234394 · ltd · incorporated 2002-07-22

Investment thesis

Property vehicle with a workable charge structure — clean refinance potential.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Dependent on title and valuation due diligence; standard property risks.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 23.1y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£-41.0k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Development of building projects

Sector: Construction

ALSO REGISTERED FOR

41202Construction of domestic buildings

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 23.1y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 23.1 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

5 officers (3 active, 5 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

3 connected companies via shared directors

Filing history

54 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Negative net assets

Liabilities exceed assets by £40,956

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£41k

↓ 4.4% YoY

Current Assets

£160k

~ 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	£-41.0k	£-39.2k
Current assets	£159.9k	£161.5k
Net assets	£-41.0k	£-39.2k

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (24 events)Click to expand

2026-01-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-12
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accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-28
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accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-23
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accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-12-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-12-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-12-16
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-12-22
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-08-18
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-12-22
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-08-12
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-12-18
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2003-03-31
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
2002-07-22
🏢
Company incorporated
As BRIDGEND DEVELOPMENTS LIMITED
2002-07-22
➕
RAMSAY, Sarah Elizabeth appointed
secretary
2002-07-22
➕
RAMSAY, Sarah Elizabeth appointed
director
2002-07-22
➕
RENNIE, Alastair James appointed
director
2002-07-22
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2002-07-22
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2002-07-22
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2002-07-22
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director

Owner dependency

83/100

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 68 — succession pressure is live.

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 68. 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

Name	Shares	Voting rights	Nature of control	Notified
Mr Alastair James Rennie Individual · Scottish · DOB 05/1958 · age 68	25–50%	—	25-50% shares	22/07/2016
Mrs Sarah Elizabeth Ramsay Individual · Scottish · DOB 02/1958 · age 68	25–50%	—	25-50% shares	22/07/2016

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 →

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D COWIE PLUMBING & HEATING LTD→ SC727927 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
DAVID COWE LIMITED→ SC285815 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
DAVIDSONS MARINE & INDUSTRIAL PAINTERS LTD.→ SC245245 · est 2003 · no financials extracted	—	—	—	—	23y	—	—
DEESIDE PLUMBING AND HEATING LTD→ SC606663 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
DEVREV JOINERY LTD→ SC866486 · est 2025 · no financials extracted	—	—	—	—	—	—	—
DIAMOND PROPERTY DEVELOPMENTS -78 QR LTD→ SC757552 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
DIVERSITY ENERGY SOLUTIONS LTD→ SC545423 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
DK BOILER CARE LTD→ SC883743 · est 2026 · no financials extracted	—	—	—	—	—	—	—
DM BUILDERS (FR) LTD.→ SC313928 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
DM DECORATING AND SERVICES LIMITED→ SC833272 · est 2025 · no financials extracted	—	—	—	—	1y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated2002-07-22

Jurisdictionscotland

Primary SIC41100 — Development of building projects

Registered office

Inverboyndie Industrial Estate

Banff

AB45 2JJ

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-08-05

Last: 2025-07-22

Officers (3 active · 2 resigned)

RAMSAY, Sarah Elizabeth→

secretary · appointed 2002-07-22

View their other companies + combined net worth →

Active

RAMSAY, Sarah Elizabeth→

director · ~68y · appointed 2002-07-22

View their other companies + combined net worth →

Active

RENNIE, Alastair James→

director · ~68y · appointed 2002-07-22

View their other companies + combined net worth →

Active

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2002-07-22 · resigned 2002-07-22

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2002-07-22 · resigned 2002-07-22

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Bond & floating charge	1 property	31/03/2003	—

Click column headers to sort. Use filters above to narrow by status and lender.