STRATHTAY DEVELOPMENTS LIMITED
💤Zombieactive
SC270091 · 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 Mar 2025
Net worth
£1.00M
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 70/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (38/100).
🏦
Refinance opportunity
12 live charges · 5 lenders · oldest 20.7y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 20.7 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)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
12 charges (12/12 with lender, 12/12 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
73 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
60
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £1,003,727
Cash draining
Cash down 63% YoY
Cash YoY
-63%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£18k
↓ 63% YoY
Net Worth
£1.0m
↑ 23% YoY
Current Assets
£3.7m
↓ 18% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £4.13M | £4.11M |
| Current assets | £3.67M | £4.45M |
| Cash | £18.4k | £49.8k |
| Debtors | £1.12M | £869.5k |
| Net assets | £1.00M | £814.8k |
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 (37 events)Click to expand
- 2025-07-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-11-09🔒Charge registered #16Lender: The Royal Bank of Scotland PLC
- 2023-09-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-13🔒Charge registered #15Lender: The Royal Bank of Scotland PLC
- 2022-12-19📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-12-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-11-30🔒Charge registered #14Lender: The Royal Bank of Scotland PLC
- 2021-12-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-27📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-04-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-01-10📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-09-24🔓Charge satisfied #12
- 2014-09-18🔒Charge registered #13Lender: The Royal Bank of Scotland PLC
- 2014-09-06🔓Charge satisfied #11
- 2013-05-16🔒Charge registered #12Lender: East of Scotland Investment Fund Limited
- 2013-05-08🔒Charge registered #11Lender: East of Scotland Investment Fund Limited
- 2010-11-04🔓Charge satisfied #5
- 2010-11-04🔓Charge satisfied #4
- 2010-08-26➖SALE, Paul resigneddirector
- 2008-06-20🔒Charge registered #6Lender: Royal Bank of Scotland PLC
- 2006-11-22🔒Charge registered #5Lender: Firm of Robert Aitken & Sons
- 2006-06-28🔒Charge registered #4Lender: Leonard Murray Fuller and Another
- 2005-10-14🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2005-09-30🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2005-09-13🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2004-06-30🏢Company incorporatedAs STRATHTAY DEVELOPMENTS LIMITED
- 2004-06-30➕STRICKLAND, Eric Mckenzie appointedsecretary
- 2004-06-30➕STRICKLAND, Eric Mckenzie appointeddirector
- 2004-06-30➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2004-06-30➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 2004-06-30➕SALE, Paul appointeddirector
Owner dependency
85/100
Critical — business is the founderThe 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.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- 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
1 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
8 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Eric Mckenzie Strickland Individual · British · DOB 12/1971 · age 55 | 75–100% | — | 75-100% shares | 01/07/2016 |
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 →Similar companies
Active · Construction · PH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BEAR SCOTLAND LIMITED→ SC206139 · est 2000 | £13.00M £9.29M–£16.72M | — | — | — | 26y | 83 | 65y |
| G.S. BROWN CONSTRUCTION LIMITED→ SC047574 · est 1970 | £3.14M £2.24M–£4.03M | — | — | 46 | 55y | 84 | 83y |
| A. PROCTOR GROUP LIMITED→ SC105054 · est 1987 | £1.97M £1.40M–£2.53M | — | — | 102 | 38y | 88 | 60y |
| BALHOUSIE GLAZING LIMITED→ SC148115 · est 1993 | — | — | £216.9k | — | 32y | 83 | 70y |
| ALGO (BLAIRGOWRIE) LIMITED→ SC166057 · est 1996 | — | — | £5.05M | — | 29y | 82 | 85y |
| CALEDONIAN DEVELOPMENTS LTD.→ SC211941 · est 2000 | — | — | — | 200 | 25y | 82 | 64y |
| CIOCH LIMITED→ SC169567 · est 1996 | — | — | £62.8k | — | 29y | 82 | 76y |
| GILLIES & MACKAY LIMITED→ SC237291 · est 2002 | — | — | £89.9k | — | 23y | 82 | 66y |
| GRM INVESTMENTS LIMITED→ SC346383 · est 2008 | — | — | £31.7k | — | 17y | 82 | 65y |
| J. F. HALLEY & SON LIMITED→ SC282324 · est 2005 | — | — | — | 4 | 21y | 82 | 66y |
| JAMES MOFFAT CONSTRUCTION LIMITED→ SC333711 · est 2007 | — | — | £127.4k | — | 18y | 82 | 61y |
| LANDSTOCK HIGHLAND LIMITED→ SC154534 · est 1994 | — | — | — | — | 31y | 82 | 84y |
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 SIC41100 — Development of building projects
Registered office
21-23 Bank Street Bank Street
Aberfeldy
PH15 2BB
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-30
Last: 2025-11-16
Officers (2 active · 2 resigned)
STRICKLAND, Eric Mckenzie→
Activesecretary · appointed 2004-06-30
View their other companies + combined net worth →
STRICKLAND, Eric Mckenzie→
Activedirector · ~55y · appointed 2004-06-30
View their other companies + combined net worth →
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 2004-06-30 · resigned 2004-06-30
SALE, Paul→
Resigneddirector · ~58y · appointed 2004-06-30 · resigned 2010-08-26
Click a director name to see their full track record across all companies.
Mortgages & charges
12
Total charges
8
Outstanding
1
Active lenders
Status:Lender:12 of 12 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 09/11/2023 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 13/06/2023 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 30/11/2022 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 18/09/2014 | — | |
| satisfied | East of Scotland Investment Fund East of Scotland Investment Fund Limited | A registered charge | 1 property | 16/05/2013 | 24/09/2014 | |
| satisfied | East of Scotland Investment Fund East of Scotland Investment Fund Limited | A registered charge | 1 property | 08/05/2013 | 06/09/2014 | |
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 20/06/2008 | — | |
| satisfied | Firm of Robert Aitken & Sons | Standard security | 1 property | 22/11/2006 | 04/11/2010 | |
| satisfied | Leonard Murray Fuller and Another | Standard security | 1 property | 28/06/2006 | 04/11/2010 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 14/10/2005 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 30/09/2005 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 13/09/2005 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (73 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-06-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-31