ST ANDREWS ESTATES (SCOTLAND) LIMITED

🌳Matureactive
SC271716 · ltd · incorporated 2004-08-06
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.
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
not disclosed
Net worth
book net assets
Opportunity
69/100
Strong
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (strong), bankability 77/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (38/100).

🏦

Refinance opportunity

77 live charges · 4 lenders · oldest 21.2y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 21.2 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 48/100 (high).

Data confidence

Overall: medium (57/100)

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
No iXBRL financials extracted
0
Lenders & charges
77 charges (77/77 with lender, 77/77 with type)
90
Directors & officers
14 officers (3 active, 14 linked, 13 with DOB)
89
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
244 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (202 events)Click to expand
  1. 2025-12-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  2. 2025-07-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-07-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2025-07-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2025-07-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2025-07-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2025-07-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2025-07-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2025-07-01
    COULSON, Alastair John Paul resigned
    director
  10. 2025-07-01
    MURDOCK, Ciaran resigned
    director
  11. 2025-05-12
    📄
    accounts-with-accounts-type-small
    accounts · AA
  12. 2025-04-22
    BENEDETTO, Ruggero appointed
    director
  13. 2025-04-22
    JUSTE OLESTI, Manuel appointed
    director
  14. 2025-04-22
    KOZMA, Mario appointed
    director
  15. 2025-04-22
    YAP, Ewe Sim resigned
    director
  16. 2024-10-02
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2024-10-02
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2024-10-02
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2024-10-02
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2024-10-02
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  21. 2024-10-02
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  22. 2024-10-02
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  23. 2024-10-02
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  24. 2024-10-02
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  25. 2024-10-02
    🔓
    Charge satisfied #76
  26. 2024-10-02
    🔓
    Charge satisfied #72
  27. 2024-10-02
    🔓
    Charge satisfied #74
  28. 2024-10-02
    🔓
    Charge satisfied #73
  29. 2024-10-02
    🔓
    Charge satisfied #71
  30. 2024-10-02
    🔓
    Charge satisfied #67
  31. 2024-10-02
    🔓
    Charge satisfied #66
  32. 2024-10-02
    🔓
    Charge satisfied #65
  33. 2024-10-02
    🔓
    Charge satisfied #64
  34. 2024-09-10
    📄
    accounts-with-accounts-type-small
    accounts · AA
  35. 2024-04-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  36. 2024-04-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  37. 2024-03-27
    RAJI, Francis resigned
    director
  38. 2024-03-27
    YAP, Ewe Sim appointed
    director
  39. 2023-09-22
    📄
    accounts-with-accounts-type-small
    accounts · AA
  40. 2022-10-31
    🔓
    Charge satisfied #68
  41. 2022-10-28
    🔓
    Charge satisfied #77
  42. 2022-10-28
    🔓
    Charge satisfied #75
  43. 2022-10-28
    🔓
    Charge satisfied #70
  44. 2022-10-28
    🔓
    Charge satisfied #69
  45. 2020-09-25
    RAJI, Francis appointed
    director
  46. 2020-09-25
    STENGEL, Daniel resigned
    director
  47. 2020-03-02
    MURDOCK, Ciaran appointed
    director
  48. 2020-02-28
    KELLY, Richard Patrick resigned
    director
  49. 2019-12-20
    GLEN, Iain Andrew Mercer resigned
    director
  50. 2019-12-20
    STENGEL, Daniel appointed
    director
Showing most recent 50 of 202 events

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

2 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: COULSON, Alastair John Paul resigned 2025-07-01; MURDOCK, Ciaran resigned 2025-07-01

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Crocodile (Dundee) No.2 Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Crocodile (Dundee) No.2 Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
ST ANDREWS ESTATES (SCOTLAND) LIMITED
This company · SC271716

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
Crocodile (Dundee) No.2 Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control01/11/2018
3 historic (ceased) PSCs
  • Abbey National Nominees Limitedceased 07/08/2019· 75-100% shares
  • Bridgeban Investments Limitedceased 07/08/2019· significant influence
  • Mr Bruce Reid Lintonceased 01/11/2018· 50-75% shares

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

6 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
Incorporated2004-08-06
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

10th Floor 133 Finnieston Street
Glasgow
G3 8HB
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-18
Last: 2025-10-04

Officers (3 active · 11 resigned)

BENEDETTO, Ruggero
director · ~55y · appointed 2025-04-22
View their other companies + combined net worth →
Active
JUSTE OLESTI, Manuel
director · ~53y · appointed 2025-04-22
View their other companies + combined net worth →
Active
KOZMA, Mario
director · ~49y · appointed 2025-04-22
View their other companies + combined net worth →
Active
STEWART, Ian Baillie
secretary · appointed 2004-08-06 · resigned 2018-11-01
Resigned
COULSON, Alastair John Paul
director · ~47y · appointed 2018-11-01 · resigned 2025-07-01
Resigned
GLEN, Iain Andrew Mercer
director · ~36y · appointed 2018-11-01 · resigned 2019-12-20
Resigned
KELLY, Richard Patrick
director · ~64y · appointed 2018-11-01 · resigned 2020-02-28
Resigned
LINTON, Bruce Reid
director · ~73y · appointed 2004-08-06 · resigned 2018-11-01
Resigned
MURDOCK, Ciaran
director · ~63y · appointed 2020-03-02 · resigned 2025-07-01
Resigned
RAJI, Francis
director · ~36y · appointed 2020-09-25 · resigned 2024-03-27
Resigned
STENGEL, Daniel
director · ~52y · appointed 2019-12-20 · resigned 2020-09-25
Resigned
THOMSON, William George Ritchie
director · ~76y · appointed 2004-08-06 · resigned 2009-10-08
Resigned
TYSON, Derek Lachlan
director · ~56y · appointed 2004-08-06 · resigned 2018-11-01
Resigned
YAP, Ewe Sim
director · ~50y · appointed 2024-03-27 · resigned 2025-04-22
Resigned

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

Mortgages & charges

77
Total charges
0
Outstanding
0
Active lenders
Status:Lender:77 of 77 shown
TypeProperties
satisfied
Santander
Santander UK PLC
A registered charge2 properties16/11/201802/10/2024
satisfied
Santander
Santander UK PLC
A registered charge4 properties15/11/201802/10/2024
satisfied
Santander
Santander UK PLC
A registered charge2 properties14/11/201828/10/2022
satisfied
Santander
Santander UK PLC
A registered charge2 properties14/11/201828/10/2022
satisfied
Santander
Santander UK PLC
A registered charge2 properties14/11/201802/10/2024
satisfied
Santander
Santander UK PLC
A registered charge1 property14/11/201802/10/2024
satisfied
Santander
Santander UK PLC
A registered charge2 properties14/11/201802/10/2024
satisfied
Santander
Santander UK PLC
A registered charge1 property14/11/201828/10/2022
satisfied
Santander
Santander UK PLC
A registered charge1 property14/11/201828/10/2022
satisfied
Santander
Santander UK PLC
A registered charge1 property14/11/201831/10/2022
satisfied
Santander
Santander UK PLC
A registered charge1 property01/11/201802/10/2024
satisfied
Santander
Santander UK PLC
A registered charge1 property01/11/201802/10/2024
satisfied
Santander
Santander UK PLC
A registered charge1 property01/11/201802/10/2024
satisfied
Santander
Santander UK PLC
A registered charge1 property01/11/201802/10/2024
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge21/05/201406/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201302/04/2015
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/01/2017
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge2 properties07/11/201306/01/2017
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property07/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property01/11/201306/11/2018
satisfied
Santander
Abbey National Treasury Services PLC
A registered charge1 property01/11/201306/11/2018
satisfied
Lloyds Banking Group
Bank of Scotland PLC
Standard security3 properties13/02/200808/11/2013
satisfied
Lloyds Banking Group
Bank of Scotland PLC
Legal charge1 property31/01/200808/11/2013
satisfied
Lloyds Banking Group
Bank of Scotland PLC
Standard security1 property29/01/200808/11/2013
satisfied
Lloyds Banking Group
Bank of Scotland PLC
Standard security1 property05/11/200708/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property23/08/200708/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property29/06/200708/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property09/03/200708/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property05/02/200708/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property05/02/200730/08/2008
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property05/02/200708/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property05/02/200708/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property05/02/200708/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property05/02/200708/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property05/02/200708/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property05/02/200708/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property05/02/200708/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property05/02/200708/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property18/12/200626/06/2007
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property23/08/200626/06/2007
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property30/03/200608/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property30/03/200608/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security2 properties30/03/200608/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property10/03/200626/06/2007
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property07/12/200526/06/2007
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security2 properties25/11/200508/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property15/09/200508/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property15/09/200508/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property20/07/200526/06/2007
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security2 properties01/07/200508/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security2 properties01/07/200508/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security2 properties23/06/200508/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property07/06/200508/11/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property22/04/200508/11/2013

Recent filings (244 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-12-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-15
appoint-person-director-company-with-name-date
officers · AP01
2025-07-10
appoint-person-director-company-with-name-date
officers · AP01
2025-07-10
appoint-person-director-company-with-name-date
officers · AP01
2025-07-10
termination-director-company-with-name-termination-date
officers · TM01
2025-07-10
termination-director-company-with-name-termination-date
officers · TM01
2025-07-07
termination-director-company-with-name-termination-date
officers · TM01
2025-07-07
accounts-with-accounts-type-small
accounts · AA
2025-05-12
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-04
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-02
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-02
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-02
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-02