HALF FULL DEVELOPMENTS LTD.

💤Zombieactive

SC270066 · ltd · incorporated 2004-06-30

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 Jun 2024

Net worth

£67.6k

book net assets

Opportunity

79/100

Strong

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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 76-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 76). 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

2 live charges · 2 lenders · oldest 16.9y

30/100

under pressure

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

· Oldest live charge is 16.9 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (69/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

5 officers (1 active, 5 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

58 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

79/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

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)

Positive net assets

Net assets £67,613

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

£68k

Current Assets

£2k

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2024-06-30
Total assets	£67.6k
Current assets	£2.3k
Net assets	£67.6k

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (27 events)Click to expand

2025-06-18
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-05
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-04
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-03-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-05-30
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-05-27
🔒
Charge registered #2
Lender: Doon Valley Pharmacy Limited
2019-03-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-03-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-04-18
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-03-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-03-31
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-07-28
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-02-16
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-07-02
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-10-17
➕
MCCRACKEN, Martha Wren Armour appointed
director
2012-10-17
➖
MCCRACKEN, Gordon resigned
director
2010-04-20
➖
COPELAND, Michelle resigned
secretary
2009-07-02
🔒
Charge registered #1
Lender: Martha Wren Arthur Mcconnachie
2004-06-30
🏢
Company incorporated
As HALF FULL DEVELOPMENTS LTD.
2004-06-30
➕
COPELAND, Michelle appointed
secretary
2004-06-30
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2004-06-30
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2004-06-30
➕
MCCRACKEN, Gordon appointed
director
2004-06-30
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2004-06-30
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director

Owner dependency

90/100

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.
+Founder age: Director aged approximately 76 — succession pressure is live.

Succession & seller-readiness

98/100

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 76 years old. Natural succession window is now.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondary12+ year tenure: Director in role 14 years.
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.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mrs Martha Wren Armour Mccracken Individual · British · DOB 08/1950 · age 76	75–100%	75–100%	board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence	06/04/2016

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

Similar companies

Active · Property · KA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
FREEPORT SCOTLAND LIMITED→ SC087372 · est 1984	£2.26M £1.92M–£2.60M	—	£2.26M	—	42y	83	65y
ROBB DONALD & CO. LIMITED→ SC109886 · est 1988	£1.67M £1.42M–£1.92M	—	£1.67M	—	38y	83	76y
DOONBANK INVESTMENTS LIMITED→ SC089875 · est 1984	£1.61M £1.37M–£1.85M	—	£1.61M	—	41y	83	69y
DS PROPERTY MANAGEMENT LIMITED→ SC372145 · est 2010	£234.1k £199.0k–£269.2k	—	£234.1k	—	16y	83	61y
MCG PROPERTIES LIMITED→ SC297086 · est 2006	£111.8k £95.0k–£128.6k	—	£111.8k	—	20y	83	71y
BARRA SHELL LIMITED→ SC293764 · est 2005	—	—	—	200	20y	83	60y
BLUEHOUSE SCOTLAND LTD.→ SC214253 · est 2000	—	—	—	0	25y	83	67y
CORUM (AYR) LIMITED→ SC287161 · est 2005	—	—	—	1600	20y	83	70y
DMVE TRUSTEE LIMITED→ SC043088 · est 1966	—	—	—	0	60y	83	60y
INVERGOWER ESTATES LIMITED→ SC211407 · est 2000 · no financials extracted	—	—	—	—	25y	83	66y
MILGAR HOMES LIMITED→ SC252617 · est 2003	—	—	—	—	22y	83	71y
THE WESTERN MEETING CLUB 2003 LIMITED→ SC241997 · est 2003	—	—	—	0	23y	83	79y

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

Incorporated2004-06-30

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Bank Chambers

31 The Square

Cumnock

KA18 1AR

Scotland

Filing status

Accounts

Next due: 2026-06-30

Last made up to: 2024-06-30

Confirmation statement

Next due: 2026-07-14

Last: 2025-06-30

Officers (1 active · 4 resigned)

MCCRACKEN, Martha Wren Armour→

director · ~76y · appointed 2012-10-17

View their other companies + combined net worth →

Active

COPELAND, Michelle→

secretary · appointed 2004-06-30 · resigned 2010-04-20

Resigned

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2004-06-30 · resigned 2004-06-30

Resigned

MCCRACKEN, Gordon→

director · ~80y · appointed 2004-06-30 · resigned 2012-10-17

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2004-06-30 · resigned 2004-06-30

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	Doon Valley Pharmacy Doon Valley Pharmacy Limited	A registered charge	1 property	27/05/2019	—
	outstanding	Martha Wren Arthur Mcconnachie	Standard security	1 property	02/07/2009	—

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