DEVAR HOLDINGS LIMITED

💤Zombieactive
SC262182 · ltd · incorporated 2004-01-20
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£1.35M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Activities of head offices
Sector: Professional, scientific & technical
Investor take
Pursue
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 60). 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 (73/100).

🏦

Refinance opportunity

1 live charge · oldest 21.4y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 21.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 2 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
87 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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 £1,351,973
Cash YoY
+89%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£765k
↑ 89% YoY
Net Worth
£1.4m
↑ 18% YoY
Current Assets
£1.4m
↑ 21% YoY
Current Liabilities
—
£0£277k£553k£830k£1.1m£1.4mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£1.36M£1.15M
Current assets£1.38M£1.14M
Cash£764.5k£403.5k
Debtors£619.1k£735.3k
Net assets£1.35M£1.15M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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 (31 events)Click to expand
  1. 2025-09-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-10-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  4. 2023-08-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-06-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2022-09-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-09-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-12-15
    📄
    capital-allotment-shares
    capital · SH01
  9. 2020-12-13
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  10. 2020-12-09
    📄
    memorandum-articles
    incorporation · MA
  11. 2020-12-09
    📄
    resolution
    resolution · RESOLUTIONS
  12. 2020-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-10-29
    📄
    capital-allotment-shares
    capital · SH01
  14. 2019-10-25
    📄
    statement-of-companys-objects
    change-of-constitution · CC04
  15. 2019-10-25
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  16. 2019-10-25
    📄
    capital-name-of-class-of-shares
    capital · SH08
  17. 2019-10-25
    📄
    resolution
    resolution · RESOLUTIONS
  18. 2019-07-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2015-06-08
    ➖
    REYNOLDS, Helena resigned
    secretary
  20. 2015-06-08
    ➖
    DEVINE, John Alan resigned
    director
  21. 2010-05-24
    ➕
    REYNOLDS, Helena appointed
    secretary
  22. 2010-05-24
    ➖
    CLEVEDEN SECRETARIES LIMITED resigned
    corporate-secretary
  23. 2008-03-31
    ➕
    CLEVEDEN SECRETARIES LIMITED appointed
    corporate-secretary
  24. 2008-03-31
    ➖
    DALGLEN SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  25. 2004-11-24
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  26. 2004-05-27
    ➕
    DEVINE, Brian George appointed
    director
  27. 2004-05-27
    ➕
    DEVINE, John Alan appointed
    director
  28. 2004-05-27
    ➖
    DALGLEN DIRECTORS LIMITED resigned
    corporate-nominee-director
  29. 2004-01-20
    🏢
    Company incorporated
    As DEVAR HOLDINGS LIMITED
  30. 2004-01-20
    ➕
    DALGLEN SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  31. 2004-01-20
    ➕
    DALGLEN DIRECTORS LIMITED appointed
    corporate-nominee-director

Owner dependency

93/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 22 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.)

Group structure

Devar Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Devar Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
DEVAR HOLDINGS LIMITED
This company · SC262182

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Devar Limited
Corporate entity
75–100%
—75-100% shares06/04/2016

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 →

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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
Incorporated2004-01-20
Jurisdictionscotland
Primary SIC70100 — Activities of head offices

Registered office

Radleigh House/1 Golf Road
Clarkston
Glasgow
G76 7HU
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-24
Last: 2025-10-10

Officers (1 active · 5 resigned)

DEVINE, Brian George→
director · ~60y · appointed 2004-05-27
View their other companies + combined net worth →
Active
REYNOLDS, Helena→
secretary · appointed 2010-05-24 · resigned 2015-06-08
Resigned
CLEVEDEN SECRETARIES LIMITED→
corporate-secretary · appointed 2008-03-31 · resigned 2010-05-24
Resigned
DALGLEN SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2004-01-20 · resigned 2008-03-31
Resigned
DEVINE, John Alan→
director · ~67y · appointed 2004-05-27 · resigned 2015-06-08
Resigned
DALGLEN DIRECTORS LIMITED→
corporate-nominee-director · appointed 2004-01-20 · resigned 2004-05-27
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property24/11/2004—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (87 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-10-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-20
confirmation-statement-with-updates
confirmation-statement · CS01
2020-12-15
capital-allotment-shares
capital · SH01
2020-12-15
capital-variation-of-rights-attached-to-shares
capital · SH10
2020-12-13