CIB DEVELOPMENTS LIMITED

💤Zombieactive
SC270493 · ltd · incorporated 2004-07-09
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£133.8k
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 70-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 70). 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 (73/100).

🏦

Refinance opportunity

2 live charges · oldest 15.8y

45/100
under pressure

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

  • · Oldest live charge is 15.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 3 with DOB)
82
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
59 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 · FRS 105 (micro)
Positive net assets
Net assets £133,816
Net assets shrinking
Down £2,435 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£134k
↓ 1.8% YoY
Current Assets
£8k
↑ 16% YoY
Current Liabilities
—
£0£27k£55k£82k£109k£136kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-06-302024-06-30
Total assets£133.8k£136.3k
Current assets£7.6k£6.5k
Net assets£133.8k£136.3k

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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-03-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-07-07
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  3. 2025-06-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2025-03-19
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  5. 2025-03-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-02-22
    ➖
    MACDONALD, Calum resigned
    secretary
  7. 2025-02-22
    ➖
    MACDONALD, Calum resigned
    director
  8. 2024-06-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2024-06-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2024-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2023-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2022-03-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2021-05-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2020-03-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2019-03-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2018-06-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2018-06-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2018-06-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2018-03-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2010-12-06
    🔒
    Charge registered #5
    Lender: Bank of Scotland PLC
  21. 2010-09-02
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  22. 2010-07-07
    ➖
    MACMILLAN, Murdo resigned
    director
  23. 2004-07-09
    🏢
    Company incorporated
    As CIB DEVELOPMENTS LIMITED
  24. 2004-07-09
    ➕
    MACASKILL, Allan George appointed
    director
  25. 2004-07-09
    ➕
    MACDONALD, Calum appointed
    secretary
  26. 2004-07-09
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  27. 2004-07-09
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  28. 2004-07-09
    ➕
    MACDONALD, Calum appointed
    director
  29. 2004-07-09
    ➕
    MACMILLAN, Murdo appointed
    director

Owner dependency

100/100
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.
  • +Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

100/100
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 70 years old. Natural succession window is now.
  • 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Margaret Macdonald
Individual · British · DOB 11/1968 · age 58
25–50%
25–50%25-50% shares · 25-50% voting15/05/2024
Mr Allan George Macaskill
Individual · British · DOB 12/1956 · age 70
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
1 historic (ceased) PSC
  • Mr Calum Macdonaldceased 15/05/2024· 25-50% shares · 25-50% voting

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

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
Incorporated2004-07-09
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

63 Kenneth Street
Stornoway
Isle Of Lewis
HS1 2DS

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-06-19
Last: 2025-06-05

Officers (1 active · 4 resigned)

MACASKILL, Allan George→
director · ~70y · appointed 2004-07-09
View their other companies + combined net worth →
Active
MACDONALD, Calum→
secretary · appointed 2004-07-09 · resigned 2025-02-22
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2004-07-09 · resigned 2004-07-09
Resigned
MACDONALD, Calum→
director · ~62y · appointed 2004-07-09 · resigned 2025-02-22
Resigned
MACMILLAN, Murdo→
director · ~74y · appointed 2004-07-09 · resigned 2010-07-07
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
Standard security1 property06/12/2010—
outstanding
Lloyds Banking Group
Bank of Scotland PLC
Floating charge1 property02/09/2010—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (59 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-25
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-07-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-18
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-12
termination-secretary-company-with-name-termination-date
officers · TM02
2025-03-19
termination-director-company-with-name-termination-date
officers · TM01
2025-03-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-06-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-06-18
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-16
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-15
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-16