CRUACHAN FLATS LIMITED

🌳Matureactive
SC242899 · ltd · incorporated 2003-01-27
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 23.3y 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
£148.1k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 77-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 77). 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 (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 23.3y

50/100
clean up first

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

  • · Oldest live charge is 23.3 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (76/100)

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 (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
60 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 £148,080
Net assets shrinking
Down £1,318 YoY
Cash YoY
-1%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£29k
~ YoY
Net Worth
£148k
~ YoY
Current Assets
£29k
~ YoY
Current Liabilities
—
£0£30k£60k£90k£120k£149kMar 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£153.7k£155.0k
Current assets£29.2k£29.4k
Cash£29.1k£29.4k
Debtors£110£94
Net assets£148.1k£149.4k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-07-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-07-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-08-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-10-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-10-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-11-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-11-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2016-12-10
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-02-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-12-10
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-02-23
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-12-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-02-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2005-03-21
    🔓
    Charge satisfied #1
  17. 2004-12-06
    🔒
    Charge registered #3
    Lender: Skipton Building Society
  18. 2003-10-13
    🔒
    Charge registered #2
    Lender: Skipton Building Society
  19. 2003-04-08
    🔒
    Charge registered #1
    Lender: Dunfermline Building Society
  20. 2003-01-27
    🏢
    Company incorporated
    As CRUACHAN FLATS LIMITED
  21. 2003-01-27
    ➕
    GELL, Kathleen appointed
    secretary
  22. 2003-01-27
    ➕
    GELL, John Richard appointed
    director
  23. 2003-01-27
    ➕
    GELL, Kathleen appointed
    director
  24. 2003-01-27
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  25. 2003-01-27
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  26. 2003-01-27
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  27. 2003-01-27
    ➖
    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 77 — 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 77 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
Mr John Richard Gell
Individual · British · DOB 10/1949 · age 77
25–50%
—25-50% shares · firm interest06/04/2016
Mrs Kathleen Gell
Individual · British · DOB 07/1952 · age 74
25–50%
—25-50% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2003-01-27
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

13 Lovat Road
Inverness
IV2 3NT

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-10
Last: 2026-01-27

Officers (3 active · 2 resigned)

GELL, Kathleen→
secretary · appointed 2003-01-27
View their other companies + combined net worth →
Active
GELL, John Richard→
director · ~77y · appointed 2003-01-27
View their other companies + combined net worth →
Active
GELL, Kathleen→
director · ~74y · appointed 2003-01-27
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2003-01-27 · resigned 2003-01-27
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2003-01-27 · resigned 2003-01-27
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Skipton Building Society
Standard security1 property06/12/2004—
outstanding
Skipton Building Society
Standard security1 property13/10/2003—
satisfied
Dunfermline Building Society
Standard security1 property08/04/200321/03/2005
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (60 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-05
confirmation-statement-with-updates
confirmation-statement · CS01
2020-02-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-01-28